North America Smart Home Healthcare Market 2022-2030 by Offering (Solutions, Services), Technology (Wireless, Wired), Application (Fall Detection & Prevention, Health Status Monitoring, Safety & Security Monitoring, Memory Aids, Nutrition/Diet Monitoring), and Country: Trend Forecast and Growth Opportunity
- Report ID: 29843
- Date: Jun, 2022
- Pages: 85
- Category: Healthcare & Pharmaceuticals
North America smart home healthcare market is expected to grow by 25.7% annually in the forecast period and reach $40.25 billion by 2030 driven by the growing healthcare expenditure, rising usage of IoT-connected smart home healthcare devices, surging prevalence of chronic diseases along with the increasing geriatric population, and growing preference for personalized healthcare.
Highlighted with 22 tables and 36 figures, this 85-page report “North America Smart Home Healthcare Market 2020-2030 by Offering (Solutions, Services), Technology (Wireless, Wired), Application (Fall Detection & Prevention, Health Status Monitoring, Safety & Security Monitoring, Memory Aids, Nutrition/Diet Monitoring), and Country: Trend Forecast and Growth Opportunity” is based on a comprehensive research of the entire North America smart home healthcare market and all its sub-segments through extensively detailed classifications.
Profound analysis and assessment are generated from premium primary and secondary information sources with inputs derived from industry professionals across the value chain. The report is based on studies on 2017-2019 and provides estimate for 2020 and forecast from 2021 till 2030 with 2019 as the base year (Year 2020 is not appropriate for research base due to the outbreak of COVID-19).
In-depth qualitative analyses include identification and investigation of the following aspects:
• Market Structure
• Growth Drivers
• Restraints and Challenges
• Emerging Product Trends & Market Opportunities
• Porter’s Fiver Forces
The trend and outlook of North America market is forecast in optimistic, balanced, and conservative view by taking into account of COVID-19. The balanced (most likely) projection is used to quantify North America smart home healthcare market in every aspect of the classification from perspectives of Offering, Technology, Application, and Country.
Based on Offering, the North America market is segmented into the following sub-markets with annual revenue ($ mn) for 2019-2030 included in each section.
• Solutions
• Services
o Installation and Repair
o Renovation and Customization
Based on Technology, the North America market is segmented into the following sub-markets with annual revenue ($ mn) for 2019-2030 included in each section.
• Wireless System
• Wired System
Based on Application, the North America market is segmented into the following sub-markets with annual revenue ($ mn) for 2019-2030 included in each section.
• Fall Detection and Prevention
• Health Status Monitoring
• Safety and Security Monitoring
• Memory Aids
• Nutrition/Diet Monitoring
• Other Applications
Geographically, the following national/local markets are fully investigated:
• U.S.
• Canada
• Mexico
For each key country, detailed analysis and data for annual revenue ($ mn) are available for 2019-2030. The breakdown of key national markets by Offering, Technology, and Application over the forecast years are also included.
The report also covers current competitive scenario and the predicted trend; and profiles key vendors including market leaders and important emerging players.
Key Players (this may not be a complete list and extra companies can be added upon request):
Apple Inc.
Awair Inc.
Eight Sleep
Evermind Inc.
Fitbit Inc.
Google
Medical Guardian LLC
Medtronic
Proteus Digital Health
Samsung Electronics Co., Ltd.
Sleepace
VitalConnect
(Please note: The report will be updated before delivery so that the latest historical year is the base year and the forecast covers at least 5 years over the base year.)
1 Introduction 6
1.1 Industry Definition and Research Scope 6
1.1.1 Industry Definition 6
1.1.2 Research Scope 7
1.2 Research Methodology 10
1.2.1 Overview of Market Research Methodology 10
1.2.2 Market Assumption 11
1.2.3 Secondary Data 11
1.2.4 Primary Data 11
1.2.5 Data Filtration and Model Design 12
1.2.6 Market Size/Share Estimation 13
1.2.7 Research Limitations 14
1.3 Executive Summary 15
2 Market Overview and Dynamics 17
2.1 Market Size and Forecast 17
2.1.1 Impact of COVID-19 on World Economy 18
2.1.2 Impact of COVID-19 on the Market 20
2.2 Major Growth Drivers 22
2.3 Market Restraints and Challenges 28
2.4 Emerging Opportunities and Market Trends 31
2.5 Porter’s Fiver Forces Analysis 35
3 Segmentation of North America Market by Offering 40
3.1 Market Overview by Offering 40
3.2 Solutions 42
3.3 Services 43
3.3.1 Installation and Repair 44
3.3.2 Renovation and Customization 45
4 Segmentation of North America Market by Technology 46
4.1 Market Overview by Technology 46
4.2 Wireless System 48
4.3 Wired System 49
5 Segmentation of North America Market by Application 50
5.1 Market Overview by Application 50
5.2 Fall Detection and Prevention 52
5.3 Health Status Monitoring 53
5.4 Safety and Security Monitoring 54
5.5 Memory Aids 55
5.6 Nutrition/Diet Monitoring 56
5.7 Other Applications 57
6 North America Market 2019-2030 by Country 58
6.1 Overview of North America Market 58
6.2 U.S. 61
6.3 Canada 64
6.4 Mexico 66
7 Competitive Landscape 68
7.1 Overview of Key Vendors 68
7.2 New Product Launch, Partnership, Investment, and M&A 71
7.3 Company Profiles 72
Apple Inc. 72
Awair Inc. 74
Eight Sleep 75
Evermind Inc. 76
Fitbit Inc. 77
Google 78
Medical Guardian LLC 79
Medtronic 80
Proteus Digital Health 81
Samsung Electronics Co., Ltd. 82
Sleepace 83
VitalConnect 84
RELATED REPORTS 85
List of Tables
Table 1. Snapshot of North America Smart Home Healthcare Market in Balanced Perspective, 2019-2030 16
Table 2. Growth Rate of World GDP, 2020-2022 19
Table 3. World Health Spending by Region, $ bn, 2013-2020 26
Table 4. Main Product Trends and Market Opportunities in North America Smart Home Healthcare Market 31
Table 5. North America Smart Home Healthcare Market by Offering, 2019-2030, $ mn 40
Table 6. North America Smart Home Healthcare Market: Services by Type, 2019-2030, $ mn 43
Table 7. North America Smart Home Healthcare Market by Technology, 2019-2030, $ mn 46
Table 8. North America Smart Home Healthcare Market by Application, 2019-2030, $ mn 50
Table 9. North America Smart Home Healthcare Market by Country, 2019-2030, $ mn 59
Table 10. U.S. Smart Home Healthcare Market by Offering, 2019-2030, $ mn 63
Table 11. U.S. Smart Home Healthcare Market by Technology, 2019-2030, $ mn 63
Table 12. U.S. Smart Home Healthcare Market by Application, 2019-2030, $ mn 63
Table 13. Canada Smart Home Healthcare Market by Offering, 2019-2030, $ mn 65
Table 14. Canada Smart Home Healthcare Market by Technology, 2019-2030, $ mn 65
Table 15. Canada Smart Home Healthcare Market by Application, 2019-2030, $ mn 65
Table 16. Mexico Smart Home Healthcare Market by Offering, 2019-2030, $ mn 67
Table 17. Mexico Smart Home Healthcare Market by Technology, 2019-2030, $ mn 67
Table 18. Mexico Smart Home Healthcare Market by Application, 2019-2030, $ mn 67
Table 19. Apple Inc.: Company Snapshot 72
Table 20. Apple Inc.: Business Segmentation 72
Table 21. Apple Inc.: Product Portfolio 73
Table 22. Apple Inc.: Revenue, 2018-2020, $ mn 73
List of Figures
Figure 1. Research Method Flow Chart 10
Figure 2. Bottom-up Approach and Top-down Approach for Market Estimation 13
Figure 3. North America Market Forecast in Optimistic, Conservative and Balanced Perspectives, 2019-2030 15
Figure 4. North America Smart Home Healthcare Market, 2019-2030, $ mn 17
Figure 5. Impact of COVID-19 on Business 20
Figure 6. Primary Drivers and Impact Factors of North America Smart Home Healthcare Market 22
Figure 7. Worldwide Geriatric Population (60 years and above) by Regions, 2015 & 2030, million 25
Figure 8. World Population 65 and Over, % of Total Population, 1950-2060 25
Figure 9. World Wearable Healthcare Devices Market, 2019-2030, $ mn 27
Figure 10. Primary Restraints and Impact Factors of North America Smart Home Healthcare Market 28
Figure 11. Investment Opportunity Analysis 32
Figure 12. Porter’s Fiver Forces Analysis of North America Smart Home Healthcare Market 35
Figure 13. Breakdown of North America Smart Home Healthcare Market by Offering, 2019-2030, % of Revenue 41
Figure 14. North America Addressable Market Cap in 2021-2030 by Offering, Value ($ mn) and Share (%) 41
Figure 15. North America Smart Home Healthcare Market by Offering: Solutions, 2019-2030, $ mn 42
Figure 16. North America Smart Home Healthcare Market by Offering: Services, 2019-2030, $ mn 43
Figure 17. North America Smart Home Healthcare Market by Services: Installation and Repair, 2019-2030, $ mn 44
Figure 18. North America Smart Home Healthcare Market by Services: Renovation and Customization, 2019-2030, $ mn 45
Figure 19. Breakdown of North America Smart Home Healthcare Market by Technology, 2019-2030, % of Sales Revenue 47
Figure 20. North America Addressable Market Cap in 2021-2030 by Technology, Value ($ mn) and Share (%) 47
Figure 21. North America Smart Home Healthcare Market by Technology: Wireless System, 2019-2030, $ mn 48
Figure 22. North America Smart Home Healthcare Market by Technology: Wired System, 2019-2030, $ mn 49
Figure 23. Breakdown of North America Smart Home Healthcare Market by Application, 2019-2030, % of Sales Revenue 51
Figure 24. North America Addressable Market Cap in 2021-2030 by Application, Value ($ mn) and Share (%) 51
Figure 25. North America Smart Home Healthcare Market by Application: Fall Detection and Prevention, 2019-2030, $ mn 52
Figure 26. North America Smart Home Healthcare Market by Application: Health Status Monitoring, 2019-2030, $ mn 53
Figure 27. North America Smart Home Healthcare Market by Application: Safety and Security Monitoring, 2019-2030, $ mn 54
Figure 28. North America Smart Home Healthcare Market by Application: Memory Aids, 2019-2030, $ mn 55
Figure 29. North America Smart Home Healthcare Market by Application: Nutrition/Diet Monitoring, 2019-2030, $ mn 56
Figure 30. North America Smart Home Healthcare Market by Application: Other Applications, 2019-2030, $ mn 57
Figure 31. Breakdown of North America Smart Home Healthcare Market by Country, 2019 and 2030, % of Revenue 59
Figure 32. Contribution to North America 2021-2030 Cumulative Market by Country, Value ($ mn) and Share (%) 60
Figure 33. U.S. Smart Home Healthcare Market, 2019-2030, $ mn 62
Figure 34. Canada Smart Home Healthcare Market, 2019-2030, $ mn 64
Figure 35. Smart Home Healthcare Market in Mexico, 2019-2030, $ mn 66
Figure 36. Growth Stage of North America Smart Home Healthcare Industry over the Forecast Period 68
Research methodology is mainly referring to the practical how of any offered piece of research. More specifically, it’s all about how a researcher systematically designs a study in order to assure extremely valid as well as reliable results that ultimately address the targets and objectives of the research.
In any formal research including academic journal, article, dissertation and so on, there will be a special section on a research methodology that mainly describes what, by whom, how to gather as well as how to evaluate the data are provided.
This research methodology has been segmented into following types:
Primary Research:
It is said to be original information that the researchers collect for the crucial purposes of answering the research questions of readers with the help of surveys, observations and experiments.
Secondary Research:
The secondary research is the data that has already been collected by various other researchers in the form of government analysis or scientific studies.
Qualitative Research:
It is descriptive and subjective method irrespective of facts. Both observation and description are essential in this type of research methodology. Its main vision is to analyze knowledge, attitudes, behaviours as well as opinions of people related to the topic of any research. This method has been operated through grounded research, case study and actionable research.
Quantitative Research:
It contains several laboratory experiments, basic surveys, mathematical calculations, simulations and so on. The possible measurement, quantity or amount is considered to be a major factor in the quantitative research methodology.
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