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Smart Home Healthcare Market Analysis, Size and Growth, 2022

Smart home healthcare market is expected to grow with a CAGR of 38% during 2016 - 2022 by P&S Market Research.
vijay mishra | 12.01.2018
© vijay mishra
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.

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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.

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.

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Some of the key companies operating in the global smart home healthcare market include AT&T Inc., ABB Ltd, Siemens AG, Schneider Electric SE, General Electric Company, Honeywell Life Care Solutions, Smart Solutions, Essence Group, and Koninklijke Philips N.V.