{"id":45319,"date":"2022-06-21T18:01:42","date_gmt":"2022-06-21T16:01:42","guid":{"rendered":"https:\/\/pharma-trend.com\/en\/smart-home-healthcare-market-report-2022-2027-27-3-growth-spurred-by-key-players-sleepace-awair-eight-sleep-evermind-medtronic-researchandmarkets-com\/"},"modified":"2022-06-21T18:01:42","modified_gmt":"2022-06-21T16:01:42","slug":"smart-home-healthcare-market-report-2022-2027-27-3-growth-spurred-by-key-players-sleepace-awair-eight-sleep-evermind-medtronic-researchandmarkets-com","status":"publish","type":"post","link":"https:\/\/pharma-trend.com\/en\/smart-home-healthcare-market-report-2022-2027-27-3-growth-spurred-by-key-players-sleepace-awair-eight-sleep-evermind-medtronic-researchandmarkets-com\/","title":{"rendered":"Smart Home Healthcare Market Report 2022 &#8211; 2027: 27.3% Growth Spurred by Key Players Sleepace, Awair, Eight Sleep, Evermind, &amp; Medtronic &#8211; ResearchAndMarkets.com"},"content":{"rendered":"<div>\n<p>DUBLIN&#8211;(BUSINESS WIRE)&#8211;The <a target=\"_blank\" href=\"https:\/\/www.researchandmarkets.com\/reports\/5185251\/smart-home-healthcare-market-growth-trends?utm_source=BW&amp;utm_medium=PressRelease&amp;utm_code=vzb6lr&amp;utm_campaign=1716954+-+Smart+Home+Healthcare+Market+Report+2022+-+2027%3A+27.3%25+Growth+Spurred+by+Key+Players+Sleepace%2C+Awair%2C+Eight+Sleep%2C+Evermind%2C+%26+Medtronic&amp;utm_exec=como322prd\" rel=\"nofollow noopener\" shape=\"rect\">&#8220;Smart Home Healthcare Market &#8211; Growth, Trends, COVID-19 Impact, and Forecasts (2022 &#8211; 2027)&#8221;<\/a> report has been added to <strong>ResearchAndMarkets.com&#8217;s<\/strong> offering.\n<\/p>\n<p><a href=\"https:\/\/mms.businesswire.com\/media\/20220621005924\/en\/1492758\/4\/logo.jpg\"><img decoding=\"async\" src=\"https:\/\/mms.businesswire.com\/media\/20220621005924\/en\/1492758\/21\/logo.jpg\"><\/a><\/p>\n<p>\nThe International Smart Home Healthcare Market is expected to register a CAGR of 27.3% over the forecast period 2022 &#8211; 2027.\n<\/p>\n<p>\nThe increasing adoption of IoT devices motivates the smart home healthcare market players to focus on launching such products. Growing alongside this trend is the potential for healthcare services to be provided in a smart home.\n<\/p>\n<p>\nAn aging population, afflicted earlier by chronic diseases and the increased emphasis on preventive and home care are all factors driving this growth.\n<\/p>\n<p>\n<strong>Key Highlights<\/strong>\n<\/p>\n<ul>\n<li>\nConnected homes can also help hospitals increase efficiency, prioritizing cases based on urgency and freeing-up beds. 90% of the nation&#8217;s USD 3.3 trillion annual healthcare expenditure is spent on individuals with chronic and mental health conditions, according to the Centers for Disease Control and Prevention\n<\/li>\n<li>\nThese patients would be helping hospitals save on monitoring and rehabilitation expenses by availing of services at home.\n<\/li>\n<li>\nThe self-care revolution has witnessed online pharmaceutical stores, telemedicine, and remote patient monitoring due to technological advancements in recent times. Soon, smart homes will be the sources of primary care. Ongoing monitoring has been facing issues because the in-home care industry is expected to fill an estimated 4.7 million home care jobs, as per PHI. Then, Paul Osterman from MIT estimated that the LTSS field requires additional 13.1 million family caregivers from 2015 to 2040 and currently faces a shortfall of up to 11 million caregivers.\n<\/li>\n<li>\nAcross the growing home healthcare field, the portability and dissemination of computerized patient records serve as a significant health data risk to interception by hackers, leading to the violations of the Health Insurance Portability and Accountability Act (HIPAA).\n<\/li>\n<li>\nDuring the COVID-19 pandemic, connected health and RPM (remote patient monitoring) became more pervasive. These methods and services enabled physicians to monitor patients contactless, preventing the spread of the novel coronavirus.\n<\/li>\n<\/ul>\n<p>\n<strong>Key Market Trends<\/strong>\n<\/p>\n<p>\n<strong>Growing Importance of Health and Wellness and Exploring Relevant Areas to Drive the Market Growth<\/strong>\n<\/p>\n<ul>\n<li>\nThe growth of smart living and smart cities&#8217; concepts will shape the market demand over the coming years, further facilitating the adoption of smart homes and living technology. Urban farming in indoor spaces using vertical and horizontal farming is expected to gain traction. It may help maintain a constant supply of healthy food for the growing health and fitness needs.\n<\/li>\n<li>\nMoreover, in-depth connected ecosystems focusing on wellness and management will offer industry and non-industry players the most significant opportunities. Although healthcare providers prefer developing in-house solutions, industry partnerships may help them establish therapeutic ecosystems that deliver value through multiple points of care.\n<\/li>\n<\/ul>\n<p>\n<strong>Asia Pacific to Witness Highest Growth<\/strong>\n<\/p>\n<ul>\n<li>\nThe digital transformation and the explosion in IoT devices aim to modernize healthcare delivery in the Asia Pacific healthcare market. Moreover, worldwide, manufacturers have been providing effective and affordable solutions, specifically for Asian smart homes. Within Asia, Taiwan, South Korea, and Singapore are countries depicting high data connectivity. Moreover, with rising high-income households, greater penetration of smart homes is expected. Also, Singapore is one of the fastest aging societies, has 639,000 people aged 65 and over, making up one-fifth of the total population, as per Statistics Singapore in 2021.\n<\/li>\n<li>\nBased on the statistics, the number of people aged 65 and above is expected to grow dramatically in the near term. And in 2021, one-fifth of the total population in China were aged 60 and older, with the country&#8217;s smart technology penetration in their homes rising. And by 2050, these figures are foreseen to grow to around 458 million in China, PopulationPyramid.net estimates.\n<\/li>\n<li>\nThe region&#8217;s rising generation of individuals growing up with technology promises a potential market adoption in the near term as critical barriers such as acquiring new technical skills will not remain. Similarly, healthcare tools are working on established platforms like WeChat with billions of users across China and India..\n<\/li>\n<\/ul>\n<p>\n<strong>Competitive Landscape<\/strong>\n<\/p>\n<p>\nThe smart home healthcare market is consolidated. The companies are launching new products and leveraging strategic collaborative initiatives to increase their market share and increase profitability. Some of the recent developments in the market are:\n<\/p>\n<ul>\n<li>\nAugust 2021 &#8211; Eight Sleep, a New York-based sleep fitness company, raised USD 86.0 million for its smart mattress and &#8216;sleep fitness&#8217; technology and approached USD 500.0 million valuations.\n<\/li>\n<li>\nJune 2021 &#8211; Eight Sleep introduced Sleep OS, the world&#8217;s first data-driven digitalized ecosystem focused on sleep optimization.\n<\/li>\n<\/ul>\n<p>\n<strong>MARKET SEGMENTATION<\/strong>\n<\/p>\n<ul>\n<li>\nAging-in-Place\n<\/li>\n<li>\nPerspective of Aging in Smart Homes\n<\/li>\n<li>\nAspects of Aging in Smart Home and Demand for Aging-in-place\n<\/li>\n<li>\nSmart Home Features for Aging-in-place\n<\/li>\n<li>\nGeneral Health and Wellness\n<\/li>\n<li>\nConcept of General Health and Wellness in Smart Homes\n<\/li>\n<li>\nGrowing Importance of Health and Wellness and Exploring Relevant Areas\n<\/li>\n<li>\nSmart Home Features for Health and Wellness Across Various Use Cases\n<\/li>\n<li>\nFuture Concept Scenario for the Health and Wellness Segment\n<\/li>\n<li>\nCurrent Trends, Challenges, and Market Projection for the Overall Health and Wellness Ecosystem\n<\/li>\n<li>\nRegional Readiness Assessment\n<\/li>\n<\/ul>\n<p>\n<strong>Companies Mentioned<\/strong>\n<\/p>\n<ul>\n<li>\nSleepace\n<\/li>\n<li>\nAwair Inc.\n<\/li>\n<li>\nEight Sleep\n<\/li>\n<li>\nEvermind Inc.\n<\/li>\n<li>\nMedtronic plc<\/p>\n<p>\n\u00a0\n<\/p>\n<p>\n\u00a0\n<\/p>\n<\/li>\n<\/ul>\n<p>\nFor more information about this report visit <a target=\"_blank\" href=\"https:\/\/www.researchandmarkets.com\/reports\/5185251\/smart-home-healthcare-market-growth-trends?utm_source=BW&amp;utm_medium=PressRelease&amp;utm_code=vzb6lr&amp;utm_campaign=1716954+-+Smart+Home+Healthcare+Market+Report+2022+-+2027%3A+27.3%25+Growth+Spurred+by+Key+Players+Sleepace%2C+Awair%2C+Eight+Sleep%2C+Evermind%2C+%26+Medtronic&amp;utm_exec=como322prd\" rel=\"nofollow noopener\" shape=\"rect\">https:\/\/www.researchandmarkets.com\/r\/78wil8<\/a>\n<\/p>\n<p> <b>Contacts<\/b> <\/p>\n<p>\nResearchAndMarkets.com<br \/>\n<br \/>Laura Wood, Senior Press Manager<br \/>\n<br \/><a target=\"_blank\" href=\"&#x6d;&#x61;&#105;l&#x74;&#x6f;&#58;pr&#x65;&#x73;&#115;&#64;&#x72;&#x65;&#115;&#101;a&#x72;&#x63;&#104;a&#x6e;&#x64;&#109;&#97;r&#x6b;&#x65;&#116;s&#x2e;&#x63;&#111;&#109;\" rel=\"nofollow noopener\" shape=\"rect\">&#112;&#x72;&#x65;s&#115;&#x40;&#x72;e&#115;&#x65;a&#114;&#x63;&#x68;a&#110;&#x64;m&#97;&#x72;&#x6b;e&#116;&#x73;&#x2e;&#99;&#x6f;&#x6d;<\/a><\/p>\n<p>For E.S.T Office Hours Call 1-917-300-0470<br \/>\n<br \/>For U.S.\/CAN Toll Free Call 1-800-526-8630<br \/>\n<br \/>For GMT Office Hours Call +353-1-416-8900\n<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>DUBLIN&#8211;(BUSINESS WIRE)&#8211;The &#8220;Smart Home Healthcare Market &#8211; Growth, Trends, COVID-19 Impact, and Forecasts (2022 &#8211; 2027)&#8221; report has been added to ResearchAndMarkets.com&#8217;s offering. The International Smart Home Healthcare Market is expected to register a CAGR of 27.3% over the forecast period 2022 &#8211; 2027. The increasing adoption of IoT devices motivates the smart home healthcare &#8230; <span class=\"more\"><a class=\"more-link\" href=\"https:\/\/pharma-trend.com\/en\/smart-home-healthcare-market-report-2022-2027-27-3-growth-spurred-by-key-players-sleepace-awair-eight-sleep-evermind-medtronic-researchandmarkets-com\/\">[Read more&#8230;]<\/a><\/span><\/p>\n","protected":false},"author":4,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[13],"tags":[],"class_list":{"0":"entry","1":"post","2":"publish","3":"author-business","4":"post-45319","6":"format-standard","7":"category-industry"},"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.4 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Smart Home Healthcare Market Report 2022 - 2027: 27.3% Growth Spurred by Key Players Sleepace, Awair, Eight Sleep, Evermind, &amp; Medtronic - ResearchAndMarkets.com - Pharma Trend<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/pharma-trend.com\/en\/smart-home-healthcare-market-report-2022-2027-27-3-growth-spurred-by-key-players-sleepace-awair-eight-sleep-evermind-medtronic-researchandmarkets-com\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Smart Home Healthcare Market Report 2022 - 2027: 27.3% Growth Spurred by Key Players Sleepace, Awair, Eight Sleep, Evermind, &amp; Medtronic - ResearchAndMarkets.com - Pharma Trend\" \/>\n<meta property=\"og:description\" content=\"DUBLIN&#8211;(BUSINESS WIRE)&#8211;The &#8220;Smart Home Healthcare Market &#8211; Growth, Trends, COVID-19 Impact, and Forecasts (2022 &#8211; 2027)&#8221; report has been added to ResearchAndMarkets.com&#8217;s offering. 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The International Smart Home Healthcare Market is expected to register a CAGR of 27.3% over the forecast period 2022 &#8211; 2027. The increasing adoption of IoT devices motivates the smart home healthcare ... 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