Connect with us

Technology

Smart Healthcare Market size is set to grow by USD 115.39 billion from 2023-2027, Growing demand for remote health monitoring boost the market, Technavio

Published

on

NEW YORK, July 30, 2024 /PRNewswire/ — The global smart healthcare market size is estimated to grow by USD 115.39 billion from 2023-2027, according to Technavio. The market is estimated to grow at a CAGR of  9.26%  during the forecast period. Growing demand for remote health monitoring is driving market growth, with a trend towards iot in healthcare. However, high costs involved with smart healthcare  poses a challenge. Key market players include Abbott Laboratories, Alphabet Inc., Altera Digital Health Inc, Apple Inc., AT and T Inc., athenahealth Inc., Cisco Systems Inc., F. Hoffmann La Roche Ltd., General Electric Co., Hewlett Packard Enterprise Co., Honeywell International Inc., International Business Machines Corp., Johnson and Johnson Services Inc., Koninklijke Philips N.V., Medtronic Plc, Microsoft Corp., Olympus Corp., Samsung Electronics Co. Ltd., Zebra Technologies Corp., and Oracle Corp..

Get a detailed analysis on regions, market segments, customer landscape, and companies- View the snapshot of this report

Smart Healthcare Market Scope

Report Coverage

Details

Base year

2022

Historic period

2017 – 2021

Forecast period

2023-2027

Growth momentum & CAGR

Accelerate at a CAGR of 9.26%

Market growth 2023-2027

USD 115.39 billion

Market structure

Fragmented

YoY growth 2022-2023 (%)

8.28

Regional analysis

Europe, North America, Asia, and Rest of World
(ROW)

Performing market contribution

North America at 43%

Key countries

US, Canada, Germany, UK, and Japan

Key companies profiled

Abbott Laboratories, Alphabet Inc., Altera Digital
Health Inc, Apple Inc., AT and T Inc., athenahealth
Inc., Cisco Systems Inc., F. Hoffmann La Roche
Ltd., General Electric Co., Hewlett Packard
Enterprise Co., Honeywell International Inc.,
International Business Machines Corp., Johnson
and Johnson Services Inc., Koninklijke Philips
N.V., Medtronic Plc, Microsoft Corp., Olympus
Corp., Samsung Electronics Co. Ltd.,Zebra
Technologies Corp., and Oracle Corp.

Market Driver

The healthcare industry is experiencing a significant shift towards smart healthcare solutions, driven by the increasing use of Internet of Things (IoT) and connected medical devices. IoT infrastructure is bridging the gap between physical and digital data sources, enabling real-time patient monitoring and improving access to healthcare services. Key applications of IoT in healthcare include telemedicine, connected imaging, clinical workflow management, dosing management, and inpatient monitoring. Governments worldwide are promoting IT usage in healthcare, reducing costs, and the growing penetration of smartphones and the Internet are fueling the adoption of IoT in healthcare. The rise of wearable medical devices and technological innovations are enhancing the quality of healthcare. However, the increasing number of data sources and data generated necessitate improved network security. Hospitals and clinics are adopting Electronic Health Records (EHRs) to optimally collect and integrate data from external and wearable devices. This trend presents significant growth opportunities for vendors offering cloud-based solutions in the smart healthcare market, such as Cisco, Microsoft, and Alphabet. The demand for connected systems to optimize healthcare deployments is expected to drive the growth of the global smart healthcare market during the forecast period. IoT and connected applications are revolutionizing healthcare, offering improved patient care and operational efficiency. 

Smart healthcare is a rapidly growing market that integrates digital technology into healthcare items for improved patient care and efficiency. Trends include pedometers, activity trackers, and smart wearables for monitoring health metrics like blood pressure, heart rate, oxygen level, and temperature. Smart syringes, RFID cabinets, and RFID Kanban systems streamline inventory management. Remote monitoring, mobile health, and telemedicine enable real-time patient care. Market restraints include data security concerns and high implementation costs. Leading companies like Vera Smart Health, Teladoc Health, and RFID Smart Cabinets leverage information technologies such as big data, cloud computing, artificial intelligence, and RFID for innovative solutions. Smart pills and mHealth apps offer personalized care. The market’s future lies in seamless integration of digital technology with the traditional medical system. 

Discover 360° analysis of this market. For complete information, schedule your consultation – Book Here!

Market Challenges

The high cost of implementing smart healthcare solutions, such as Electronic Health Records (EHR), is a significant challenge for the industry. The costs involved, including hardware, software, installation assistance, licensing fees, maintenance expenses, and opportunity costs, can be substantial. For instance, the average cost of EHR implementation for hospitals is approximately USD14,500 per bed, with annual operating costs amounting to USD2,700 per bed per year. These costs can limit the adoption of EHR and other smart healthcare technologies, particularly for smaller hospitals with limited IT budgets. The high cost of integrating biosensors into healthcare products is another challenge. The novel technology behind these sensors significantly increases the overall cost of the final product, which can deter consumers from adopting them. The high costs associated with certain smart healthcare solutions can hinder their adoption and negatively impact the growth of the global smart healthcare market.The Smart Healthcare Market is experiencing significant growth due to the increasing demand for advanced healthcare solutions. However, challenges persist, such as obtaining necessary approvals for new technologies, catering to cognitive impairment patients, and integrating wearable devices with cloud communication. Caregivers, patients, families, physicians, hospitals, and insurance companies seek improved healthcare services through eHealth solutions like cell phones, tablets, and patient monitoring devices. Oral Biology and Craniofacial Research are also benefiting from digital health programs. Sensor-based IoT technology in illness causes research, surgery, and health outcomes is a major advantage, but high costs remain a concern. Key market participants include medical record-keeping companies, device integration specialists, and healthcare infrastructure providers. Digital literacy and infrastructure development are essential for the successful implementation of connected healthcare and health-related apps. Smart wearable devices like smartwatches and health monitors, using acoustic resonance for lung function assessment and blood glucose monitors, are transforming essential cardiology and asthma management.

For more insights on driver and challenges – Request a sample report!

Segment Overview 

This smart healthcare market report extensively covers market segmentation by  

Distribution Channel1.1 Offline1.2 OnlineSolution 2.1 Telemedicine2.2 mHealth2.3 EHR2.4 Smart pills2.5 OthersGeography 3.1 North America3.2 Europe3.3 Asia3.4 Rest of World (ROW)

1.1 Offline-  The offline segment of the global smart healthcare market refers to the distribution of smart healthcare products and services through physical channels. Retail stores, including specialty and healthcare equipment stores, electronics retailers, medical equipment suppliers, and distributors, serve as crucial offline distribution channels. These channels enable customers to personally examine and purchase devices like fitness trackers, smartwatches, blood pressure monitors, and telehealth systems. Medical equipment suppliers and distributors play a pivotal role in offline distribution, leveraging relationships with healthcare providers, hospitals, clinics, and pharmacies. Offline segments offer face-to-face interactions and personalized customer experiences, enhancing satisfaction and trust. Customers often prefer these channels due to the reliability, professional expertise, and after-sales support they provide. These factors are anticipated to fuel the expansion of the offline segment in the smart healthcare market during the forecast period.

For more information on market segmentation with geographical analysis including forecast (2023-2027) and historic data (2017-2021) – Download a Sample Report

Research Analysis

The Smart Healthcare Market is experiencing exponential growth due to the integration of mHealth and information technologies. Vera Smart Health and Teladoc Health are leading the charge in this space, offering remote monitoring solutions for various health metrics such as blood pressure, heart rate, oxygen level, and temperature. These smart healthcare products leverage digital technology, including RFID and Real-Time Location Systems, to ensure accurate tracking and delivery of essential items. Big data and cloud computing play a crucial role in analyzing patient information and providing personalized care. The market includes a range of smart healthcare items, from wearables like smartwatches and fitness trackers to innovative solutions like smart syringes and medicines with embedded sensors. These advancements aim to improve patient outcomes, reduce healthcare costs, and enhance overall healthcare efficiency.

Market Research Overview

Smart Healthcare Market: Transforming Traditional Healthcare with mHealth and Information Technologies The Smart Healthcare Market is revolutionizing the traditional healthcare system by integrating digital technology, sensors, and real-time communication. MHealth solutions, such as Vera Smart Health and Teladoc Health, are leading the charge with RFID and Real-Time Location Systems enabling seamless patient monitoring. Blood pressure, heart rate, oxygen level, and temperature are just a few vital signs monitored by smart healthcare products. Oral Biology and Craniofacial Research are also benefiting from this digital transformation, with sensor-based IoT technology providing valuable data for health research. Advantages of smart healthcare include improved health outcomes, remote patient monitoring, and increased access to healthcare services. However, high costs and infrastructure requirements can be market restraints. Caregivers, patients, families, physicians, hospitals, and insurance companies all benefit from this connected healthcare infrastructure. Wearable devices like smartwatches, health monitors, pedometers, and activity trackers are popular smart healthcare items. Digital technology, including cloud computing, artificial intelligence, and big data, plays a crucial role in this market. EHealth programs, health-related apps, and smart wearable devices are essential components of this digital health revolution. Market restraints include the need for approvals, cognitive impairment, and device integration challenges. However, the advantages far outweigh the challenges, making the Smart Healthcare Market a promising and growing industry. Key market participants include healthcare services, healthcare research institutions, and digital health companies. The internet and cell phones are essential infrastructure for this market, with tablets and patient monitoring devices completing the digital health ecosystem. Smart syringes, smart medicines, smart RFID cabinets, and remote monitoring are other innovative smart healthcare solutions. Acoustic resonance technology is used for lung function assessment in asthma patients, and essential cardiology benefits from blood glucose monitors and smartwatches. In conclusion, the Smart Healthcare Market is transforming healthcare by integrating digital technology, sensors, and real-time communication. The advantages of this digital health revolution far outweigh the challenges, making it a promising and growing industry.

Table of Contents:

1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation

Distribution ChannelOfflineOnlineSolutionTelemedicineMHealthEHRSmart PillsOthersGeographyNorth AmericaEuropeAsiaRest Of World (ROW)

7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Trends
10 Company Landscape
11 Company Analysis
12 Appendix

About Technavio

Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/ 

View original content to download multimedia:https://www.prnewswire.com/news-releases/smart-healthcare-market-size-is-set-to-grow-by-usd-115-39-billion-from-2023-2027–growing-demand-for-remote-health-monitoring-boost-the-market-technavio-302209504.html

SOURCE Technavio

Continue Reading

Technology

KarbunWise Introduces Fast, Cost-Effective LCA Platform for the LEED v5 Era at Greenbuild 2026 in New York

Published

on

By

NEW YORK  , Oct. 23, 2026 /PRNewswire/ — As global property developers, architects, and manufacturers face rigorous new green building standards and cross-border carbon scrutiny, KarbunWise, an enterprise climate technology and advisory firm, announced its formal participation in the Greenbuild International Conference + Expo 2026 in New York City.

Exhibiting under this year’s Greenbuild theme, “Invest for Impact,” KarbunWise has launched a modern, cost-effective software to enable real estate developers, AEC (Architecture, Engineering, and Construction) firms, and industrial manufacturers to automate complex Life Cycle Assessments (LCA) and Environmental Product Declarations (EPDs) with verifiable, audit-grade accuracy.

With the rollout of LEED v5, Whole-Building Life Cycle Assessments (WBLCA) and embodied carbon tracking have evolved from optional bonus credits into non-negotiable prerequisites. This is likely to scale the adoption of LCAs, and KarbunWise offers an alternative to legacy incumbent players that are expensive and not customer-centric. KarbunWise’s product translates Building Information Modeling (BIM) data and factory-floor inputs directly into submission-ready WBLCA models (aligned with MRp2 and MRc2 credits).

Representing KarbunWise at the Jacob K. Javits Convention Center were the founders, Arjun Vijayaragavan and Divya Sukumar. “For years, carbon accounting and life cycle assessments were treated as passive, check-the-box exercises. Today, with LEED v5 mandating embodied carbon baselines and global supply chains enforcing strict transparency, carbon data has become commercial infrastructure. Bringing our platform to North America at Greenbuild marks a pivotal step in our mission to make sustainability data as trusted and audit-ready as financial data for 10,000 enterprises worldwide.” said Arjun Vijayaragavan, Founder & CEO of KarbunWise.

To accelerate adoption across US project teams, KarbunWise also announced a major Greenbuild show initiative: free first-year platform access for qualifying architecture firms, consultants, and developers visiting Booth #1044 during expo, backed by continuous 24/7 technical support from certified LCA practitioners.

Already trusted by more than 100 organisations across the UK, Middle East, and India, including listed conglomerates, leading bedding manufacturers, and global infrastructure contractors, KarbunWise’s platform connects over 200,000 verified LCA datapoints across international databases, including USLCI, Ecoinvent, and ÖKOBAUDAT.

About KarbunWise:

Founded in 2023, KarbunWise is an enterprise climate technology and advisory firm building the trust layer for global sustainability. The company combines an integrated, cloud-based software platform with deep consulting expertise to transform complex carbon and ESG data into audit-ready proof for regulators, enterprise buyers, and investors.

Mediacontact-
team@karbunwise.com 

View original content to download multimedia:https://www.prnewswire.com/news-releases/karbunwise-introduces-fast-cost-effective-lca-platform-for-the-leed-v5-era-at-greenbuild-2026-in-new-york-302918347.html

SOURCE KarbunWise

Continue Reading

Technology

Curios Launches Video-on-Demand Tools for Filmmakers as Vimeo On Demand Shuts Down

Published

on

By

The direct-to-fan marketplace gives independent filmmakers a new home to sell films, series, and memberships, with help migrating from Vimeo

AUSTIN, Texas, Oct. 23, 2026 /PRNewswire-PRWeb/ — Curios, the direct-to-fan entertainment marketplace, has launched a full set of video-on-demand tools for independent filmmakers and video creators. The launch gives creators affected by the closure of Vimeo On Demand a new place to sell their work directly to audiences, keep their sales revenue, and hold on to the customer relationships they have spent years building.

Vimeo is phasing out its On Demand service in stages. New uploads were blocked on August 22, 2026, and new purchases and subscriptions stopped on September 21, 2026. Final seller payouts were processed on September 24, and the platform will shut down completely on November 20, 2026. On that date, all Vimeo On Demand storefronts and purchase pages go offline, and viewers lose access to the films and series they previously bought or rented.

For filmmakers, the impact is immediate. Sales have already stopped, so every week without a new storefront means lost revenue. And with Vimeo only allowing sellers to export buyers who opted in to updates, many creators risk losing touch with a large part of their audience.

“Every time a platform shuts down, creators get a painful reminder that they never really owned their audience,” said Grant Powell, founder of Curios. “Filmmakers on Vimeo On Demand did everything right, and they’re still losing their storefront. We launched Curios so that can’t happen. You sell directly, you keep your revenue, and every buyer’s contact details are yours to keep, whatever happens next.”

A complete home for independent film

Curios gives filmmakers flexible ways to sell, including full support for TVOD and SVOD, with possible plans for AVOD in the future. Creators can sell titles to own permanently (Electronic sell-through / EST), for one-time rental (Download-to-rent / DTR), offer pay-per-view (PPV) access for events and premieres, and run subscription memberships covering an entire catalog, a single series, or selected titles.

Pre-orders, timed releases, and limited quantities help build excitement around a launch. Bundles and deluxe editions, automated upsells and cross-sells, coupons, and an affiliate program help filmmakers grow each sale and reach new audiences. Free claims let creators give away trailers, extras, or short films in exchange for viewers’ email addresses.

Filmmakers decide whether each title is streaming-only or downloadable. Buyers watch in the Curios mobile app, where films and series sit alongside ebooks, audiobooks, and music. To help creators get started, Curios has also published pricing guidance for film, suggesting typical ranges of $9.99 to $29.99 for titles sold to own.

Better economics and full access to buyers

Curios takes no commission on sales, so creators keep their full sale price. They pay for platform access through a Curios subscription, with a free plan available and no credit card required to sign up. As merchant of record, Curios collects and files sales tax and VAT worldwide, removing a major administrative burden for independent creators.

Filmmakers on Curios receive the contact details of every buyer, along with sales, traffic, and viewing analytics, so they can see how audiences engage with their work and market future releases directly.

Moving from Vimeo On Demand in three steps

Curios has published an automatic importer, and a step-by-step migration guide for Vimeo On Demand sellers. Filmmakers simply connect with Vimeo account to Curios, then Curios automatically migrates their original files, trailers, extras, and artwork directly from Vimeo. Finally, they replace their old Vimeo On Demand links with a single Curios link and let their fans know where to find them.

Curios will also import a filmmaker’s existing Vimeo buyers who opted in to updates. Imported customers will find the films they already own waiting in their Curios library, ready to watch, so viewers who were about to lose access can keep enjoying the work they paid for. Customer lists from other platforms can be imported as well.

Curios is continuing to expand its video tools, with caption and subtitle uploads, region restrictions, country-specific pricing, and smart TV apps currently in development.

Filmmakers can create a free account and read the full migration guide at studio.curios.com.

About Curios

Curios is a direct-to-fan entertainment and content marketplace helping creators publish, promote, sell, and distribute their work directly to audiences. Built for authors, musicians, filmmakers, comedians, and creators of all kinds, Curios supports digital and physical formats in one place.

Creators keep 100% of every sale, retain full ownership of their work, and get direct access to customer data. As merchant of record, Curios handles sales tax, along with customer support, content delivery, fraud disputes, and fast payouts, giving creators the infrastructure to sell direct without having to build it themselves.

Media Contact

Grant Powell, Curios, Inc, 1 3102952129, support@curios.com, https://www.curios.com

View original content:https://www.prweb.com/releases/curios-launches-video-on-demand-tools-for-filmmakers-as-vimeo-on-demand-shuts-down-302917739.html

SOURCE Curios, Inc

Continue Reading

Technology

Violet PR Wins Five PRSA-NJ Awards for Campaigns Driving Economic Growth and Innovation

Published

on

By

Award-winning media relations initiatives generated hundreds of news stories for clients

MONTCLAIR, N.J., Oct. 23, 2026 /PRNewswire/ — Violet PR, a national public relations agency specializing in economic development and place branding, has earned five awards from the Public Relations Society of America’s New Jersey Chapter (PRSA-NJ). Together, the campaigns generated more than 425 earned media placements in national, international, regional and niche outlets.

The winning programs ranged from launching a major fitness facility and promoting the growing film industry in New Jersey to showcasing Pittsburgh International Airport’s new terminal, navigating international trade uncertainty in Topeka, Kan., and positioning the Brooklyn Navy Yard as an innovation hub.

“These awards reflect the range of challenges our team helps clients navigate – including building support for emerging industries and elevating major infrastructure investments,” said April Mason, CEO and founder of Violet PR. “Whether we’re promoting a new airport terminal or helping a community navigate international trade uncertainty, our job is to uncover the stories that matter, connect them with influential audiences and deliver results that support our clients’ broader goals.”

For the New Jersey Economic Development Authority (NJEDA), Violet PR’s “Hollywood East: New Jersey Takes Center Stage” campaign earned PRSA-NJ recognition in the “Community Relations” category. Working with the New Jersey Motion Picture & Television Commission and NJEDA, the agency helped build support for the state’s expanding film and television industry by highlighting its economic impact, career opportunities and benefits for local businesses and communities. Over 10 months, the campaign generated 38 earned media placements and more than 336 million impressions.

Violet PR also earned an “Events” award for “Building More Than Muscle: Launching a New Jersey Success Story,” developed for Iron Culture’s new flagship gym in West Orange, N.J. The campaign promoted the grand opening of the $10 million fitness facility, bringing together elected officials, business leaders and community members while generating 45 earned media placements.

The Montclair, N.J.-headquartered agency also won a “Media Relations” award for its campaign, “Brooklyn Navy Yard: From Shipyard to Innovation Engine,” which spotlighted the historic waterfront campus’s transformation into a hub for advanced manufacturing, entrepreneurship and innovation. The campaign generated 85 earned media placements, reaching an audience of 662 million.

The agency’s national work was recognized as well. The “Ready for Takeoff: Commemorating Pittsburgh’s New Airport Opening (2025)” campaign for Pittsburgh International Airport (PIT) earned an award in the “Public Affairs” category. Violet PR executed a strategic communications campaign surrounding the opening of PIT’s new terminal, securing more than 200 earned media placements across national news, business, travel and aviation outlets, with a combined audience reach exceeding 525 million.

In Topeka, Kan., Violet PR’s “The U.S. City Bridging Borders: How Topeka Tackled Tariffs” campaign was recognized in the “PR on a Shoestring Budget” category. As rising U.S.-Canada tariffs threatened up to 20% of local jobs, the agency transformed a complex international trade issue into a compelling story about the economic ties between Kansas and Canada. With a budget of just $10,000 over two months, the campaign secured 57 media placements, with an estimated reach of 224 million.

“What makes these awards especially meaningful is that they recognize five very different campaigns, each requiring a tailored strategy, creative thinking and close collaboration with our clients,” said Christina Forrest, vice president, Violet PR. “We take pride in developing strategic campaigns that deliver meaningful results for our clients, and we’re grateful to PRSA-NJ for the honor.”

The PRSA-NJ Pyramid Awards recognize excellence in public relations and communications, honoring the strategy, creativity and impact of agencies and in-house teams across New Jersey and beyond.

Violet PR continues to earn national recognition for its growth and economic development industry expertise. The agency ranked No. 96 on O’Dwyer’s 2026 list of independent public relations firms following 22.6% year-over-year growth in 2025 and has appeared on the Inc. 5000 list for three consecutive years. Violet PR opened its second office in New York City this year.

About Violet PR

Violet PR is an award-winning public relations firm, recognized nationally as a top agency specializing in economic development, commercial real estate and place branding. The agency partners with cities, states, regions, developers, destinations and mission-driven organizations to build visibility through earned media, thought leadership, social media and strategic storytelling.

Founded in 2010, Violet PR helps clients attract investment, business growth, visitors and talent through earned media campaigns. For more information, visit www.violetpr.com.

View original content to download multimedia:https://www.prnewswire.com/news-releases/violet-pr-wins-five-prsa-nj-awards-for-campaigns-driving-economic-growth-and-innovation-302918369.html

SOURCE Violet Public Relations

Continue Reading

Trending