Digital Lifescapes

Healthcare sector innovation tends to progress at a slow pace, due to a number of historical factors that inhibit agility. For example, the Smart Home healthcare market continues to grow and evolve, but the scale of the opportunity remains under-penetrated. Last year, new smart home healthcare shipment and service revenues grew 25 percent to reach $22.9 billion worldwide, but that growth rate may be hard to sustain, despite the potential for further growth. According to the latest worldwide market study by ABI Research, new smart home healthcare shipment and service revenues will reach $26.5 billion in 2023 -- that's up by 15 percent from 2022. Smart Home Healthcare Market Development Smart home healthcare, encompassing connected home care, remote patient monitoring, and social robotics, can improve the health and care of the most vulnerable while reducing staffing and other costs. It also represents an opportunity for a host of players from smart home vendors and beyond to extend ...

The COVID-19 pandemic created unprecedented demand for emergency care. Many healthcare sector leaders would like to be at the forefront of tech-enabled medical caregiving. However, the fragmented way that hospitals acquire solutions can introduce cost, time, and resource inefficiencies that hinder care delivery. As a result, some healthcare providers have embraced the concept of the ‘Smart Hospital’ as a means of optimizing multiple aspects of their operational performance. The current model isn't perfect, and the implementation can present challenges -- such as cybersecurity, interoperability, and solution execution. Smart Hospital Market Development According to the latest worldwide market study by Juniper Research, the smart hospitals market will be worth $59 billion by 2026 -- that's up from $29 billion in 2021, representing an average annual growth of 15 percent. The concept of the smart hospital includes healthcare providers leveraging advanced analytics, connected device...