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Gone are the days when people had to visit the doctor every time they wanted a consult or get themselves tested for routine stuff, such as heart rate, blood glucose, and blood pressure. With connected devices and the internet of things (IoT), such things can be done at home. Connected devices, such as smartwatches and multiparameter monitors, track several aspects of health and fitness and automatically transmit the data to the doctor via the internet. This way, people donu2019t even have to visit the doctor to get their lab results analyzed.
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Smart Home Healthcare Solutions Becoming Increasingly Popular among Elderly © P&S Intelligence. All rights reserved Page 1
Gone are the days when people had to visit the doctor every time they wanted a consult or get themselves tested for routine stuff, such as heart rate, blood glucose, and blood pressure. With connected devices and the internet of things (IoT), such things can be done at home. Connected devices, such as smartwatches and multiparameter monitors, track several aspects of health and fitness and automatically transmit the data to the doctor via the internet. This way, people don’t even have to visit the doctor to get their lab results analyzed. Receive Sample Copy of this Report:https://www.psmarketresearch.com/market-analysis/smart- home-healthcare-market/report-sample With the increase in the adoption of these devices, the smart home healthcare market, which generated $8.7 billion in 2019, will grow to $96.2 billion by 2030, at a 26.2% CAGR between 2020 and 2030, says P&S Intelligence. As per reports, compared to 14.2 billion in 2019, more than 41.0 billion connected devices will be in use around the world by 2027, with many of those being used for healthcare purposes. Moreover, with the rapid expansion of the 5G network, the average speed of data transmission is increasing, which is imperative for a smoothly operating IoT device network. Make an Enquiry before Purchase:https://www.psmarketresearch.com/send-enquiry?enquiry- url=smart-home-healthcare-market Fall detection and prevention, health status monitoring, safety and security monitoring, nutrition/diet monitoring, memory aids, and several other smart home healthcare solutions are available presently. Among these, health status monitoring solutions are the most popular, as these are easy to deploy and give a basic idea of a person’s health. With the increasing consciousness about personal wellbeing, people are increasingly tracking their heart rate, number of steps walked and calories burned, and sleep quality. Presently, the largest contribution to the smart home healthcare market is made by North America, which boasts a higher per capita income, thereby leading to high sales of such expensive solutions. Moreover, a number of companies offer such solutions in the region, and several new smart home healthcare products are being launched, driven by R&D. Along with North America, the adoption of the concept will increase quickly in Asia-Pacific (APAC), because numerous major consumer electronics companies offer these. In addition, the smartphone penetration, health consciousness, and disposable income are increasing here. Hence, as more people become aware about the innovative applications of connected devices and smartphones for personal wellbeing, the demand for smart home healthcare solutions will burgeon. © P&S Intelligence. All rights reserved Page 2
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