As per MRFR analysis, the US Smart Healthcare Market Size was estimated at 43.66 (USD Billion) in 2023. The US Smart Healthcare Market Industry is expected to grow from 50(USD Billion) in 2024 to 202 (USD Billion) by 2035. The US Smart Healthcare Market CAGR (growth rate) is expected to be around 13.534% during the forecast period (2025 - 2035).
The US Smart Healthcare Market is seeing significant growth largely driven by technological advancements in telemedicine and remote monitoring. Increased demand for patient-centered care, especially following the COVID-19 pandemic, has accelerated the adoption of digital health technologies. Government initiatives to promote electronic health records (EHRs) and interoperability among systems are key market drivers that enhance data sharing and improve patient outcomes. Moreover, the rising prevalence of chronic diseases has led to a heightened need for smart healthcare solutions, enabling more efficient management and timely interventions. Opportunities for development in the US Smart Healthcare Market are vast.
The integration of artificial intelligence (AI) in diagnostics and personalized medicine presents a substantial area for exploration. Healthcare providers are keen on leveraging AI to improve decision-making and optimize operational efficiencies. Wearable technologies and mobile health applications also offer significant potential in engaging patients and promoting proactive health management. The focus on health equity and ensuring access to smart healthcare among underserved populations can lead to innovative models and solutions that cater to diverse healthcare needs. Recent trends highlight an increasing emphasis on cybersecurity and data privacy due to the sensitive nature of health information.
Legislative measures and compliance standards are continually evolving to protect patient data as the adoption of smart healthcare technologies rises. Partnerships between tech companies and healthcare providers are growing as they work together to enhance the user experience and improve service delivery. These collaborations are crucial in ensuring that smart healthcare solutions are not only effective but also accessible to a wider audience in the US, fostering a more efficient and integrated healthcare system.
Source: Primary Research, Secondary Research, MRFR Database and Analyst Review
The surge in telehealth services is a significant driver for the US Smart Healthcare Market Industry. According to the American Hospital Association, telehealth usage has increased by over 50% post-2020 due to the COVID-19 pandemic, fostering widespread adoption of technology in healthcare. With the Centers for Medicare & Medicaid Services expanding coverage for telehealth services, the market is positioned for continued growth. A report by Deloitte indicates that 61% of consumers are willing to use telemedicine even post-pandemic, reflecting a lasting shift in patient preferences.
This demonstrates the shift towards smart healthcare solutions, as healthcare facilities implement smart technologies to offer remote consultations and continuous patient monitoring, precisely aligning with the evolving consumer expectations in the US. Major healthcare organizations, such as the Mayo Clinic, have already incorporated smart telehealth solutions, significantly enhancing their service delivery models.
The increasing incidence of chronic diseases, such as diabetes and hypertension, is propelling the US Smart Healthcare Market Industry forward. According to the Centers for Disease Control and Prevention (CDC), approximately 6 in 10 Americans live with a chronic disease, indicating a significant patient population that demands more efficient health management solutions. The American Diabetes Association estimates that the costs associated with diabetes alone are projected to reach around USD 327 billion annually, emphasizing the urgent need for smart healthcare solutions that facilitate ongoing monitoring and patient engagement.
As a response, organizations like Medtronic are innovating smart devices that enable automated glucose monitoring, ensuring timely interventions. This growing health burden necessitates an overhaul in how chronic conditions are managed, placing significant pressure on healthcare providers to adopt advanced smart healthcare technologies.
Technological advancements serve as a crucial driver for the US Smart Healthcare Market Industry. The rapid development of Artificial Intelligence (AI) and Internet of Things (IoT) technologies has enabled healthcare organizations to implement smart solutions that improve patient care and operational efficiency. For instance, the US Department of Health and Human Services highlights how AI can enhance diagnostic accuracy by 30%, significantly reducing false positives and negatives in patient assessments.
Companies like IBM are leveraging AI for healthcare by creating systems that analyze vast amounts of healthcare data to derive actionable insights for patient care. Moreover, the implementation of wearable devices has surged, with estimates suggesting that the number of connected wearable devices in the healthcare sector will exceed 1 billion by 2025 according to industry leaders. Such advancements are driving the adoption of smart healthcare solutions across the nation.
The US Smart Healthcare Market within the End User segment comprises essential categories such as hospitals, homecare settings, and other facilities, collectively driving innovation and efficiencies in healthcare delivery. Hospitals are pivotal in this market, leveraging smart technologies to enhance patient care and operational efficiency through integrated systems that allow for real-time monitoring and data-driven decision-making. This facilitates improved patient outcomes, reduces readmission rates, and manages care costs effectively, reflecting the commitment to advancing healthcare through technology.
On the other hand, homecare settings have witnessed a significant rise owing to the increasing demand for personalized healthcare services and the capacity for patients to receive continuous care in the comfort of their homes. These settings utilize smart devices and telehealth solutions, making healthcare more accessible and convenient while also improving patient engagement and adherence to treatment plans. The importance of other facilities in this market is seen as they encompass various healthcare services, including outpatient clinics, rehabilitation centers, and long-term care facilities, which together contribute to a more holistic healthcare ecosystem.
This sector increasingly adopts smart healthcare solutions that cater to diverse patient needs, thereby enhancing the overall service delivery. The evolving landscape of the US Smart Healthcare Market data emphasizes a push towards greater personalization, interoperability, and patient-centric approaches in all End User categories, signifying a sustained focus on leveraging technology to improve both clinical outcomes and patient experiences. With growing interest and investments in smart health innovations, the market statistics indicate a transformation influenced by technological advancements, regulatory changes, and consumer demands geared towards better healthcare experiences.
The emergence of health analytics, mobile health applications, and Internet of Things integrated devices also signifies a shift in traditional healthcare paradigms, further empowering various end users to meet the evolving demands of the healthcare sector efficiently. Each category in the End User segment harnesses unique opportunities to integrate smart solutions that not only enhance operational efficiencies but also align with the overarching goal of improving health outcomes in the US.
Source: Primary Research, Secondary Research, MRFR Database and Analyst Review
The US Smart Healthcare Market, focusing on the Product Type segment, showcases significant advancements across various innovative solutions aimed at enhancing patient care and operational efficiency. Key elements include RFID Kanban systems and RFID smart cabinets, which optimize inventory management and reduce waste, proving essential in a fast-paced healthcare environment. Electronic health records (EHR) have transformed the way patient data is stored and accessed, leading to improved care coordination and clinical decision-making. The rise of telemedicine has reshaped patient interactions, providing access to healthcare remotely, which has proven critical in times of crisis.
Mobile health (mHealth) solutions empower patients to manage their own health through apps and wearable devices. Smart pills and smart syringes further exemplify innovation, offering enhanced medication adherence and improving outcomes through real-time monitoring. The increasing adoption of these technologies is driven by the need for efficiency, enhanced patient engagement, and compliance with regulatory standards in the US healthcare system. This diverse Product Type landscape positions the US Smart Healthcare Market for substantial growth opportunities as technology continues to evolve and integrate into everyday healthcare practices.
The US Smart Healthcare Market is characterized by rapid advancements in technology and an increasing focus on delivering high-quality patient care through innovative solutions. The competitive landscape is defined by a mix of established players and emerging startups, all vying for a share of this dynamic market. Companies are differentiating themselves through technological innovation, strategic partnerships, and a commitment to improving patient outcomes while enhancing operational efficiencies. As organizations adapt to changing regulations and consumer demands, the competitive insights reveal a landscape that is becoming increasingly collaborative, with a focus on integrating smart solutions that can seamlessly blend with existing healthcare systems. As such, firms that prioritize adaptability, user-centric solutions, and interoperability are positioned to thrive in this transformative environment.
Infosys has a notable presence in the US Smart Healthcare Market, leveraging its expertise in digital transformation to enhance healthcare delivery. The company excels in providing a wide array of services that cater to the needs of healthcare providers, payers, and pharmaceutical firms. With a strength in data analytics and artificial intelligence, Infosys offers solutions that enhance decision-making processes, improve patient care, and streamline operations for healthcare stakeholders. The company's ability to innovate while maintaining compliance with regulatory standards gives it a competitive edge in the market. Moreover, Infosys invests in research and development to continuously upgrade its offerings, ensuring that it meets the evolving needs of a complex healthcare landscape in the US.
Allscripts is another significant player in the US Smart Healthcare Market, known for its comprehensive suite of electronic health record (EHR) solutions and healthcare IT services. The company focuses on facilitating better management of patient data through its technology platforms, aiming to empower healthcare providers to optimize their practice workflows and improve care coordination. Allscripts has established partnerships with other technology firms and healthcare providers to enhance its product offerings and expand its reach. The company's strength lies in its commitment to interoperability, allowing various healthcare systems to communicate effectively. Additionally, Allscripts has pursued strategic mergers and acquisitions to bolster its market position and expand its service capabilities, enabling it to stay competitive and responsive to the changing demands of the US healthcare ecosystem.
In recent months, the US Smart Healthcare Market has witnessed significant developments. Electronic health record providers like Cerner and Allscripts continue to innovate with enhanced data analytics and interoperability features to improve patient care and operational efficiencies. Additionally, the acquisition landscape has seen activity, particularly with Oracle's $28 billion acquisition of Cerner in June 2022, a move that aims to integrate cloud services with health data systems. Medtronic has introduced advanced tools for remote patient monitoring, reflecting the ongoing trend toward telehealth and digital care solutions. Meanwhile, CVS Health is expanding its health services through partnerships with technology firms to enhance customer experience and streamline operations. The market valuation for companies such as UnitedHealth Group and Anthem has notably surged, bolstered by increased demand for integrated health services and cost-effective care solutions. Over the past two to three years, the focus on artificial intelligence in healthcare, exemplified by IBM Watson Health’s development of AI-driven diagnostic tools, has redefined clinical workflows, driving efficiency and accuracy in patient treatment. These advancements emphasize a transformative shift within the US healthcare landscape, characterized by technology-driven improvements in patient care and operationalization.
US Smart Healthcare Market Segmentation
Smart Healthcare Market By End User (USD Billion, 2019-2035)
hospitals
homecare settings
others
Smart Healthcare Market By Product Type (USD Billion, 2019-2035)
rfid kanban systems
rfid smart cabinets
electronic health records (ehr)
telemedicine
mhealth
smart pills
smart syringes
| Report Attribute/Metric Source: | Details |
| MARKET SIZE 2018 | 43.66(USD Billion) |
| MARKET SIZE 2024 | 50.0(USD Billion) |
| MARKET SIZE 2035 | 202.0(USD Billion) |
| COMPOUND ANNUAL GROWTH RATE (CAGR) | 13.534% (2025 - 2035) |
| REPORT COVERAGE | Revenue Forecast, Competitive Landscape, Growth Factors, and Trends |
| BASE YEAR | 2024 |
| MARKET FORECAST PERIOD | 2025 - 2035 |
| HISTORICAL DATA | 2019 - 2024 |
| MARKET FORECAST UNITS | USD Billion |
| KEY COMPANIES PROFILED | Infosys, Allscripts, Oracle, Cerner, Medtronic, Anthem, McKesson, UnitedHealth Group, IBM Watson Health, Cloudera, Siemens Healthineers, GE Healthcare, Epic Systems, Philips Healthcare, CVS Health |
| SEGMENTS COVERED | End User, Product Type |
| KEY MARKET OPPORTUNITIES | Telehealth expansion, AI diagnostics integration, Wearable health tech growth, Remote patient monitoring, Blockchain for secure data |
| KEY MARKET DYNAMICS | Technological advancements, Increasing patient engagement, Rising healthcare costs, Government initiatives, Growing aging population |
| COUNTRIES COVERED | US |
Frequently Asked Questions (FAQ) :
The US Smart Contracts Healthcare Market is expected to be valued at 497.35 million USD in 2024.
The market is projected to reach a value of 2240.59 million USD by 2035.
The expected CAGR for the market during the forecast period is 14.664%.
Ethereum is projected to have the largest market value, reaching 1410.59 million USD in 2035.
Bitcoin is expected to have a market value of 360.0 million USD in 2035.
Major players in the market include Oracle, Change Healthcare, Anthem, Moderna, IBM, Cigna, and UnitedHealth Group.
The market value for Sidechains in the US Smart Contracts Healthcare Market is estimated to be 60.0 million USD in 2024.
Challenges could include regulatory compliance and the integration of blockchain technology within existing healthcare systems.
The Ethereum segment is anticipated to experience significant growth, reflecting the overall positive trend in the market.
Emerging trends in digitization and automation in healthcare are expected to drive the growth of the market significantly.
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