Smart Home Medical Device Market Detailed In New Research Report 2021 | ViVO Smart Medical Devices Ltd. – EIN News
Smart Home Medical Device Market
Post-discharge care is an important part of the recovery for a patient that ensures speedy and effective healing.
SEATTLE, WASHINGTON, UNITED STATES, December 13, 2021 /EINPresswire.com/ — Market Overview
Post-discharge care is an important part of the recovery for a patient that ensures speedy and effective healing. This is extremely crucial for geriatric as well as pediatric patients who mostly spend their time at home and are dependent on other people for continued care. According to a Welfare Ministry Survey, in 2016, there were around 6.24 million people aged 65 and above were living alone in Japan. The increasing lonely deaths in the region is also a vital factor that is expected to favor the smart home medical device market.
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Global Smart Home Medical Device Market Taxonomy
The global smart home medical device market is classified on the basis of following segments:
Detection and monitoring systems
Asthma detection kit
Glucose monitoring system
Others (blood pressure, weight variations)
Back therapy kit
Smart contact lens
Others (Feeding, Voiding)
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Growing internet penetration is expected to drive growth of the global smart home medical device market during the forecast period. Smart home medical device is the most advanced approach to make a patient’s life easier and secure. Furthermore, the wide availability of the smart home medical devices is a crucial block to fill the loop hole for acceptance of such devices and services. Easily available personal monitoring system and other electronic devices are expected to favor rise in adoption of smart home medical devices. Smart home basically defined as the residence that uses controllers to integrate the functions of the device installed at home. The controllers are connected through a computer that is connected via internet and the data of the respondent is recorded on cloud or on-premises data bank, which can be further monitored by the physician or caretaker accordingly.
Furthermore, increasing adoption of health caregiving is expected to boost the global smart home medical device market growth over the forecast period. According to American Association of Retired Persons (AARP), in 2016, around 80% growth has been observed in the medication management segment in the health caregiving market, which in turn is expected to support growth of the smart home medical device market in the near future.
The global smart home medical device market is highly fragmented due to dominance ICT organizations in smart home medical device manufacturing
The global smart home medical device market is highly fragmented due to the presence of regional and international players.
Growth in internet of things segment and its acceptance globally is expected to support the market for smart home medical device. Although, it is a difficult task to align the technology to the human vitals, …….