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Smart Healthcare Products Market to See 9.5% CAGR Through 2024

The smart healthcare products market is forecast by Zion Market Research to reach around $66.7 billion by 2024, increasing at a compound annual growth rate (CAGR) of 9.5 percent between 2018 and 2024.

smart healthcare products

Source: Thinkstock

By Fred Donovan

- The smart healthcare products market is forecast by Zion Market Research to reach around $66.7 billion by 2024, increasing at a compound annual growth rate (CAGR) of 9.5 percent between 2018 and 2024.

Leading smart healthcare product vendors examined in the report include Medtronic, Allscripts Healthcare Solutions, Honeywell Life Care Solutions, BD, AirStrip Technologies, Terumo, Cerner, Olympus, eClinicalWorks, and Stanley Healthcare.

Zion attributed the strong market growth to increasing incidence of chronic ailments, growing geriatric population, increasing use of healthcare products for targeted treatment, integration of smart technology within healthcare products, rising adoption of intelligent technologies, favorable government programs, and high penetration rate of smartphone.