Smart Home Healthcare Market is estimated to be valued at USD 27.22 Bn in 2025 and is expected to reach USD 125.5 Bn by 2032, growing at a compound annual growth rate (CAGR) of 24.4% from 2025 to 2032.
Report Coverage
Report Details
Base Year:
2024
Market Size in 2025:
USD 27.22 Bn
Historical Data for:
2020 To 2024
Forecast Period:
2025 To 2032
Forecast Period 2025 to 2032 CAGR:
24.40%
2032 Value Projection:
USD 125.5 Bn
The smart home healthcare ecosystem consists of multiple sensors and devices that are used for in-home care of elderly people, patients with chronic diseases, and others with disabilities. These devices can be worn by the patient or fitted in the surrounding to track medical parameters, such as alert systems, glucose monitoring devices, oximeters, and fall prevention and detection systems.
This smart home healthcare ecosystem is also equipped with internet-connected devices that allow the remote monitoring of appliances and systems, such as lighting and heating. This technology helps caregivers to monitor the health of their clients and improve patient outcomes.
Market Dynamics:
Increasing geriatric population around the world is anticipated to boost growth of the global smart home healthcare market in the forecast future. The aging population requires technological solutions to provide the care that they need and enable them to remain in their own homes. This is why Smart Home Healthcare (SHHT) technologies are promoted and implemented as an alternative to traditional care.
Despite the significant growth of the global smart home healthcare market, the factors such as high installation cost and the lack of technical knowledge among users are likely to hinder growth of the global smart home healthcare market over the forecast period.
Key features of the study:
This report provides in-depth analysis of the global smart home healthcare market, and provides market size (US$ Billion) and compound annual growth rate (CAGR%) for the forecast period 2025-2032, considering 2024 as the base year
It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrices for this market
This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, market trends, regional outlook, and competitive strategies adopted by key players
It profiles key players in the global smart home healthcare market based on the following parameters - company highlights, products portfolio, key highlights, financial performance, and strategies
Key companies covered as a part of this study include Medtronic PLC, Sleepace, Evermind Inc., Awair Inc., and Eight Sleep
Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics
The global smart home healthcare market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts
Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global smart home healthcare market
Detailed Segmentation:
Global Smart Home Healthcare Market, By Aging-In-Place:
Perspective of Aging in Smart Homes
Aspects of Aging in Smart Home and Demand for Aging-in-place
Smart Home Features for Aging-in-place
Global Smart Home Healthcare Market, By General Health and Wellness:
Concept of General Health and Wellness in Smart Homes
Growing Importance of Health and Wellness and Exploring Relevant Areas
Smart Home Features for Health and Wellness Across Various Use Cases
Future Concept Scenario for the Health and Wellness Segment
Current Trends, Challenges, and Market Projection for the Overall Health and Wellness Ecosystem
Global Smart Home Healthcare Market, By Region:
North America
Europe
Asia Pacific
Latin America
Middle East & Africa
Company Profiles:
Sleepace
Awair Inc.
Eight Sleep
Evermind Inc.
Medtronic PLC
Table of Contents
1. Research Objectives and Assumptions
Research Objectives
Assumptions
Abbreviations
2. Market Purview
Report Description
Market Definition and Scope
Executive Summary
Market Snapshot, By Aging-In-Place
Market Snapshot, By General Health and Wellness
Market Snapshot, By Region
Coherent Opportunity Map (COM)
3. Market Dynamics, Regulations, and Trends Analysis
Market Dynamics
Drivers
Rising geriatric populations across the globe
Earlier onset of chronic diseases
Restraints
Resistance to technology among consumers
Privacy related issues of smart home technologies
Opportunities
Growing technological advancements in smart home
Impact Analysis
Key Highlights
Regulatory Scenario
Product launch/Approvals
PEST Analysis
PORTER's Analysis
Merger and Acquisition Scenario
4. Global Smart Home Healthcare Market - Impact of Coronavirus (COVID-19) Pandemic
COVID-19 Epidemiology
Supply Side and Demand Side Analysis
Economic Impact
5. Global Smart Home Healthcare Market, By Aging-In-Place, 2020-2032, (US$ Bn)
Introduction
Market Share Analysis, 2025 and 2032 (%)
Y-o-Y Growth Analysis, 2021 - 2032
Segment Trends
Perspective of Aging in Smart Homes
Introduction
Market Size and Forecast, and Y-o-Y Growth, 2020-2032,(US$ Bn)
Aspects of Aging in Smart Home and Demand for Aging-in-place
Introduction
Market Size and Forecast, and Y-o-Y Growth, 2020-2032,(US$ Bn)
Smart Home Features for Aging-in-place
Introduction
Market Size and Forecast, and Y-o-Y Growth, 2020-2032,(US$ Bn)
6. Global Smart Home Healthcare Market, By General Health and Wellness, 2020-2032, (US$ Bn)
Introduction
Market Share Analysis, 2025 and 2032 (%)
Y-o-Y Growth Analysis, 2025- 2032
Segment Trends
Concept of General Health and Wellness in Smart Homes
Introduction
Market Size and Forecast, and Y-o-Y Growth, 2020-2032,(US$ Billion)
Growing Importance of Health and Wellness and Exploring Relevant Areas
Introduction
Market Size and Forecast, and Y-o-Y Growth, 2020-2032,(US$ Billion)
Smart Home Features for Health and Wellness Across Various Use Cases
Introduction
Market Size and Forecast, and Y-o-Y Growth, 2020-2032,(US$ Billion)
Future Concept Scenario for the Health and Wellness Segment
Introduction
Market Size and Forecast, and Y-o-Y Growth, 2020-2032,(US$ Billion)
Current Trends, Challenges, and Market Projection for the Overall Health and Wellness Ecosystem
Introduction
Market Size and Forecast, and Y-o-Y Growth, 2020-2032,(US$ Billion)
7. Global Smart Home Healthcare Market, By Region, 2020-2032, (US$ Bn)
Introduction
Market Share Analysis, By Country, 2025 and 2032 (%)
Y-o-Y Growth Analysis, For Country 2021-2032
Country Trends
North America
Introduction
Market Size and Forecast, and Y-o-Y Growth, By Aging-In-Place, 2020-2032,(US$ Bn)
Market Size and Forecast, and Y-o-Y Growth, By General Health and Wellness, 2020-2032,(US$ Bn)
Europe
Introduction
Market Size and Forecast, and Y-o-Y Growth, By Aging-In-Place, 2020-2032,(US$ Bn)
Market Size and Forecast, and Y-o-Y Growth, By General Health and Wellness, 2020-2032,(US$ Bn)
Asia Pacific
Introduction
Market Size and Forecast, and Y-o-Y Growth, By Aging-In-Place, 2020-2032,(US$ Bn)
Market Size and Forecast, and Y-o-Y Growth, By General Health and Wellness, 2020-2032,(US$ Bn)
Latin America
Introduction
Market Size and Forecast, and Y-o-Y Growth, By Aging-In-Place, 2020-2032,(US$ Bn)
Market Size and Forecast, and Y-o-Y Growth, By General Health and Wellness, 2020-2032,(US$ Bn)
Middle East & Africa
Introduction
Market Size and Forecast, and Y-o-Y Growth, By Aging-In-Place, 2020-2032,(US$ Bn)
Market Size and Forecast, and Y-o-Y Growth, By General Health and Wellness, 2020-2032,(US$ Bn)