The
global smart
home healthcare market is expected to grow with
a CAGR of 38% during 2016 - 2022. Among the various applications, the fall
prevention and detection segment is expected to witness the fastest growth during
the forecast period. The global smart home healthcare market is growing at a
significant rate, due to growing demand for advanced smart home healthcare
technologies, and growing geriatric population. In addition, the increasing
demand of mobile health (mHealth) technologies, and increasing demand of
personalized healthcare technologies are also driving the growth of the global
smart home healthcare market.
Smart home
is a home monitoring and control system, which helps in the monitoring of home
when the resident away, and also simplifies the switching appliances on and off
automatically. The smart homes have the ability to monitor and control home
from the convenience of smartphone or tablets.
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In the
healthcare sector, the smart home technology is combined with innovative and
advanced monitoring technologies that are designed to detect health status
changes. Moreover, the combination of smart home technology with healthcare
technology is likely to be an effective approach to prevent nursing home placement
for frail older adults.
The factors,
such as privacy and security issues, and high capital expenditure are
inhibiting the growth of the global market. The growing popularity of IoT
devices in the home healthcare sector is the major trend witnessed in the smart
home healthcare market.
Geographically, North America
dominated the global market of smart home healthcare market in 2015; whereas the
Asian market is expected to witness the fastest growth at a during the forecast
period.
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