Smart Healthcare Market Size To Reach $385.28 Billion By 2030

Smart Healthcare Market Growth & Trends 

The global smart healthcare market size is estimated to reach USD 385.28 billion by 2030, registering a CAGR of 12.51% from 2025 to 2030, according to a new report by Grand View Research, Inc. The COVID-19 pandemic is likely to boost the market growth as these solutions help healthcare professionals to connect effectively with their patients and offer quality treatment. Owing to social distancing, remote patient monitoring, and virtual healthcare delivery is gaining momentum. For instance, the U.K. has introduced free virtual consultation during the coronavirus crisis. In April 2020, doctorinthehouse.net, a not-for-profit online healthcare service in the U.K. launched a platform in collaboration with volunteers amongst doctors, pharmacists, and specialist nurses aiming to schedule 25,000 online appointments and supply 100,000 online assessments for over 200 at-home clinicians. Such initiatives are expected to drive the market ahead. 

Operating costs are mainly governed by production costs, inventory storage costs, manufacturing overhead costs, wages, energy costs, and logistical costs. Poor inventory control is a major issue faced by companies that leads to substantial operating losses. There is an increasing demand for RFID kanban systems to control their inventory costs. RFID kanban systems owing to associated benefits such as reduction in manpower, higher efficiency, and cost-effectiveness is anticipated drive traction over the forecast period. 

Technological advancements are rapidly transforming the market for smart healthcare. Some of the major market players such as IBM, Cisco, Given Imaging, Inc., Olympus Corporation, Logi-Tag, Brooks Automation, Stanley Innerspace, GE Healthcare, and others account for a substantial market share, owing to their extensive product offerings. Key players are focusing on expanding their current portfolio as in March 2020, Siemens Healthineers launched Teamplay digital health platform. It is aimed to enable digital healthcare transformation and eases quick access to clinical and operational solutions. Also, in June 2019, Intel introduced Network And Custom Logic Group it is a broad portfolio of products for Artificial Intelligence (AI) and 5G cloud. This is aimed to broaden the horizons of healthcare applications. 

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Smart Healthcare Market Report Highlights

• Based on product type, the telemedicine segment held the largest revenue share of 38.56% in 2024, attributed to the increasing demand for remote healthcare services, especially post-pandemic.

• Based on product type, the RFID Kanban Systems segment is expected to grow at the fastest CAGR during the forecast period, driven by the need for real-time inventory tracking, reduction in stock-outs and overstocking, and improved medication expiration management.

• Based on end-use, the hospitals segment held the largest revenue share of the smart healthcare industry in 2024, due to the increasing demand for advanced technologies to improve patient care, operational efficiency, and cost reduction.

• The home care settings segment is expected to grow at the fastest CAGR in the market, driven by an aging population, increased chronic disease prevalence, and a preference for in-home care.

• North America smart healthcare market dominated the global industry and accounted for a revenue share of over 36.85% in 2024, attributed to favorable government policies supporting digital health deployment, accessible infrastructure, and high digital literacy.

Smart Healthcare Market Segmentation 

Grand View Research has segmented the global smart healthcare market report based on product type, end-use, and region:

Smart Healthcare Product Type Outlook (Revenue, USD Million, 2018 - 2030)

• RFID Kanban Systems

• RFID Smart Cabinets

• Electronic Health Records (EHR)

  • Web-based EHR

  • Client-server Based EHR

• Telemedicine

  • Hardware

  • Software

  • Others

• mHealth

  • Monitoring Services

  • Diagnosis Services

  • Healthcare Systems Strengthening

  • Others

• Smart Pills

• Smart Syringes

Smart Healthcare End-use Outlook (Revenue, USD Million, 2018 - 2030)

• Hospitals

• Home Care Settings

• Others

Smart Healthcare Regional Outlook (Revenue, USD Million, 2018 - 2030)

• North America

  • U.S.

  • Canada

  • Mexico

• Europe

  • UK

  • Germany

  • France

  • Italy

  • Spain

  • Sweden

  • Denmark

  • Norway

• Asia Pacific

  • Japan

  • China

  • India

  • Australia

  • South Korea

  • Thailand

• Latin America

  • Brazil

  • Argentina

• Middle East and Africa

  • Saudi Arabia

  • South Africa

  • UAE

  • Kuwait

List of Key Players in the Smart Healthcare Market 

• AirStrip Technologies Inc.

• Veradigm LLC

• Apple Inc.

• AT&T Inc.

• BROOKS AUTOMATION

• Oracle (Cerner Corporation)

• Cisco

• GE Healthcare

• Medtronic

• Hurst Green Plastics Ltd.

• IBM

• Logi-Tag

• McKesson Corporation

• Olympus Corporation

• Pepperl&Fuchs Pvt. Ltd.

• SAMSUNG

• Siemens Healthcare Private Limited

• Solstice Medical LLC

• InnerSpace (Acquired by Solaire Medical)

• Böllhoff Group

• Adolf Würth GmbH & Co. KG