Asia Pacific Smart Home Healthcare Market 2020-2030

Asia Pacific smart home healthcare market will grow by 31.9% annually with a total addressable market cap of $119.87 billion over 2021-2030.

Asia Pacific smart home healthcare market will grow by 31.9% annually with a total addressable market cap of $119.87 billion over 2021-2030 owing to 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.

Smart home healthcare is an ecosystem of devices and sensors that assistance track the health of individual living in the home on a real-time basis. This ecosystem also proposes personalised feedback to every individual of the household. Speedy expansion of the global Internet infrastructure has made the implementation of these technological tool easier and available to the mass population. Automation has allowed round the clock self-operated surveillance with respect to health , which works in a highly efficient manner, providing information through smart application at any place and any time, minimizing the concerns of consumers. The trend of older population living away has given rise to the development of mobile health, addressing the concern of safety and security of the elderly. Mobile health gives easy access to healthcare applications which can be used to monitor health of the elderly. The development of mobile health is indeed a driving factor for smart homes and buildings market, as more number of nuclear families will lead to higher adoption of technology and drive revenue flow of the market. Regional growth can be attributed to growing awareness regarding innovative and advanced smart home-based wireless devices. Additionally, large patient pool in the region along with rising IT investments in healthcare industry will accelerate Asia Pacific smart home healthcare market growth.

Growing preferences of consumers on health monitoring and fitness is driving the demand for smart home healthcare market. Heart related diseases and obesity are increasing worldwide, the demand for wearable devices to monitor their health status and fitness level is growing. Smartwatches and fitness band are combined with numerous sensors to screen various health related issues such as blood pressure and heart rate among others. These wearables provide accurate health information allowing customers to monitor their health issues without any intervention. Such advantages accelerates smart home healthcare industry growth. Moreover, wide range of wearable systems are available for elderly people that monitor vital signs of patients. These systems include wireless technology and software sensors to collect, transfer physiological data to a remote healthcare center. Such technologically advanced devices are expected to upsurge the business growth over analysis timeframe. Memory function gradually decreases in older adults with certain age causing dementia and memory loss. Reminding system would be useful for elderly population on daily bases. This system provides reminder and alert signals to patient along with physicians for corrective patient access. Also, it aids in case of critical situations. Above-mentioned associated advantages coupled with growing elderly population boosts the segment growth.

The introduction of newer technologies into this market has significantly increased the current communication flow between patients and healthcare providers, allowing for better, faster, and more effective care. Remote patient monitoring, for example, is based on the successful integration of medical devices and information and communication technology (ICT), as well as the delivery of healthcare over large distances which ultimately drive the market growth. This is due to the increased convenience of non-skilled labour, caretakers, services, physicians, and various home healthcare equipment in homecare settings and a growth in healthcare expenditures at hospital premises in the region.

In conjunction with the electronic health records (EHRs), physicians can be more efficient during their consultation hours without physically visiting the patients every few hours. They can also prove to be the most quantifiable RoI for hospitals since operational costs can be saved by reducing re-admissions, in-person visits, and staff engagement. ?

Growing demand for Internet-of-Things (IoT) in home healthcare will drive smart home healthcare market during the forecast period. IoT technology connects various devices and systems including actuators, sensors, computers, appliances and smartphones, resulting in highly distributed intelligent system that is capable of communicating with humans as well as other devices. Advent of technology in communication and computing technologies along with advanced, low-cost actuators, sensors and electronic components will offer opportunities for IoT applications in home healthcare. Application of IOT in healthcare  with integrated e-health and assisted living technology can play a crucial role in revolutionizing healthcare system for elderly thereby, accelerating smart home healthcare market growth. Focus of industry players on development of technologically advanced compact, mobile devices that are connected via bluetooth to portable communication and computing devices such as tablets and smartphones will create growth opportunities. Fall prevention and detection segment will exhibit momentous growth during the forecast period. Segment growth is attributed to increasing number of accidental or injury cases across the world. Growing adoption of automated fall monitoring devices will favor business growth.

Highlighted with 29 tables and 39 figures, this 90-page report “Asia Pacific 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 Asia Pacific 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 Asia Pacific 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 Asia Pacific smart home healthcare market in every aspect of the classification from perspectives of Offering, Technology, Application, and Country.

Based on Offering, the Asia Pacific market is segmented into the following sub-markets with annual revenue ($ mn) for 2019-2030 included in each section.
• Solutions
• Services
• Installation and Repair
• Renovation and Customization

Based on Technology, the Asia Pacific 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 Asia Pacific 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:
• Japan
• China
• South Korea
• Australia
• India
• Rest of APAC (further segmented into Malaysia, Singapore, Indonesia, Thailand, New Zealand, Vietnam, Taiwan, and Philippines)
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.)

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Table of Contents

  • 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 Asia Pacific Market by Offering 39
  • 3.1 Market Overview by Offering 39
  • 3.2 Solutions 41
  • 3.3 Services 42
  • 3.3.1 Installation and Repair 43
  • 3.3.2 Renovation and Customization 44
  • 4 Segmentation of Asia Pacific Market by Technology 45
  • 4.1 Market Overview by Technology 45
  • 4.2 Wireless System 47
  • 4.3 Wired System 48
  • 5 Segmentation of Asia Pacific Market by Application 49
  • 5.1 Market Overview by Application 49
  • 5.2 Fall Detection and Prevention 51
  • 5.3 Health Status Monitoring 52
  • 5.4 Safety and Security Monitoring 53
  • 5.5 Memory Aids 54
  • 5.6 Nutrition/Diet Monitoring 55
  • 5.7 Other Applications 56
  • 6 Asia-Pacific Market 2019-2030 by Country 57
  • 6.1 Overview of Asia-Pacific Market 57
  • 6.2 Japan 60
  • 6.3 China 63
  • 6.4 Australia 65
  • 6.5 India 67
  • 6.6 South Korea 69
  • 6.7 Rest of APAC Region 71
  • 7 Competitive Landscape 73
  • 7.1 Overview of Key Vendors 73
  • 7.2 New Product Launch, Partnership, Investment, and M&A 76
  • 7.3 Company Profiles 77
  • Apple Inc. 77
  • Awair Inc. 79
  • Eight Sleep 80
  • Evermind Inc. 81
  • Fitbit Inc. 82
  • Google 83
  • Medical Guardian LLC 84
  • Medtronic 85
  • Proteus Digital Health 86
  • Samsung Electronics Co., Ltd. 87
  • Sleepace 88
  • VitalConnect 89
  • RELATED REPORTS 90

List of Tables:

Table 1. Snapshot of Asia Pacific 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 Asia Pacific Smart Home Healthcare Market 31
Table 5. Asia Pacific Smart Home Healthcare Market by Offering, 2019-2030, $ mn 39
Table 6. Asia Pacific Smart Home Healthcare Market: Services by Type, 2019-2030, $ mn 42
Table 7. Asia Pacific Smart Home Healthcare Market by Technology, 2019-2030, $ mn 45
Table 8. Asia Pacific Smart Home Healthcare Market by Application, 2019-2030, $ mn 49
Table 9. APAC Smart Home Healthcare Market by Country, 2019-2030, $ mn 58
Table 10. Japan Smart Home Healthcare Market by Offering, 2019-2030, $ mn 62
Table 11. Japan Smart Home Healthcare Market by Technology, 2019-2030, $ mn 62
Table 12. Japan Smart Home Healthcare Market by Application, 2019-2030, $ mn 62
Table 13. China Smart Home Healthcare Market by Offering, 2019-2030, $ mn 64
Table 14. China Smart Home Healthcare Market by Technology, 2019-2030, $ mn 64
Table 15. China Smart Home Healthcare Market by Application, 2019-2030, $ mn 64
Table 16. Australia Smart Home Healthcare Market by Offering, 2019-2030, $ mn 66
Table 17. Australia Smart Home Healthcare Market by Technology, 2019-2030, $ mn 66
Table 18. Australia Smart Home Healthcare Market by Application, 2019-2030, $ mn 66
Table 19. India Smart Home Healthcare Market by Offering, 2019-2030, $ mn 68
Table 20. India Smart Home Healthcare Market by Technology, 2019-2030, $ mn 68
Table 21. India Smart Home Healthcare Market by Application, 2019-2030, $ mn 68
Table 22. South Korea Smart Home Healthcare Market by Offering, 2019-2030, $ mn 70
Table 23. South Korea Smart Home Healthcare Market by Technology, 2019-2030, $ mn 70
Table 24. South Korea Smart Home Healthcare Market by Application, 2019-2030, $ mn 70
Table 25. Smart Home Healthcare Market in Rest of APAC by Country/Region, 2019-2030, $ mn 72
Table 26. Apple Inc.: Company Snapshot 77
Table 27. Apple Inc.: Business Segmentation 77
Table 28. Apple Inc.: Product Portfolio 78
Table 29. Apple Inc.: Revenue, 2018-2020, $ mn 78

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. Asia Pacific Market Forecast in Optimistic, Conservative and Balanced Perspectives, 2019-2030 15
Figure 4. Asia Pacific 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 Asia Pacific 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 Asia Pacific Smart Home Healthcare Market 28
Figure 11. Investment Opportunity Analysis 32
Figure 12. Porter’s Fiver Forces Analysis of Asia Pacific Smart Home Healthcare Market 35
Figure 13. Breakdown of Asia Pacific Smart Home Healthcare Market by Offering, 2019-2030, % of Revenue 40
Figure 14. Asia Pacific Addressable Market Cap in 2021-2030 by Offering, Value ($ mn) and Share (%) 40
Figure 15. Asia Pacific Smart Home Healthcare Market by Offering: Solutions, 2019-2030, $ mn 41
Figure 16. Asia Pacific Smart Home Healthcare Market by Offering: Services, 2019-2030, $ mn 42
Figure 17. Asia Pacific Smart Home Healthcare Market by Services: Installation and Repair, 2019-2030, $ mn 43
Figure 18. Asia Pacific Smart Home Healthcare Market by Services: Renovation and Customization, 2019-2030, $ mn 44
Figure 19. Breakdown of Asia Pacific Smart Home Healthcare Market by Technology, 2019-2030, % of Sales Revenue 46
Figure 20. Asia Pacific Addressable Market Cap in 2021-2030 by Technology, Value ($ mn) and Share (%) 46
Figure 21. Asia Pacific Smart Home Healthcare Market by Technology: Wireless System, 2019-2030, $ mn 47
Figure 22. Asia Pacific Smart Home Healthcare Market by Technology: Wired System, 2019-2030, $ mn 48
Figure 23. Breakdown of Asia Pacific Smart Home Healthcare Market by Application, 2019-2030, % of Sales Revenue 50
Figure 24. Asia Pacific Addressable Market Cap in 2021-2030 by Application, Value ($ mn) and Share (%) 50
Figure 25. Asia Pacific Smart Home Healthcare Market by Application: Fall Detection and Prevention, 2019-2030, $ mn 51
Figure 26. Asia Pacific Smart Home Healthcare Market by Application: Health Status Monitoring, 2019-2030, $ mn 52
Figure 27. Asia Pacific Smart Home Healthcare Market by Application: Safety and Security Monitoring, 2019-2030, $ mn 53
Figure 28. Asia Pacific Smart Home Healthcare Market by Application: Memory Aids, 2019-2030, $ mn 54
Figure 29. Asia Pacific Smart Home Healthcare Market by Application: Nutrition/Diet Monitoring, 2019-2030, $ mn 55
Figure 30. Asia Pacific Smart Home Healthcare Market by Application: Other Applications, 2019-2030, $ mn 56
Figure 31. Breakdown of APAC Smart Home Healthcare Market by Country, 2019 and 2030, % of Revenue 58
Figure 32. Contribution to APAC 2021-2030 Cumulative Market by Country, Value ($ mn) and Share (%) 59
Figure 33. Smart Home Healthcare Market in Japan, 2019-2030, $ mn 61
Figure 34. Smart Home Healthcare Market in China, 2019-2030, $ mn 63
Figure 35. Smart Home Healthcare Market in Australia, 2019-2030, $ mn 65
Figure 36. Smart Home Healthcare Market in India, 2019-2030, $ mn 67
Figure 37. Smart Home Healthcare Market in South Korea, 2019-2030, $ mn 69
Figure 38. Smart Home Healthcare Market in Rest of APAC, 2019-2030, $ mn 71
Figure 39. Growth Stage of Asia Pacific Smart Home Healthcare Industry over the Forecast Period 73

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