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Smart Healthcare Market to Grow by USD 125.7 Billion (2024-2028), Rising Demand for Remote Health Monitoring Boosts Market, with AI Redefining Trends – Technavio

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NEW YORK, Jan. 31, 2025 /PRNewswire/ — Report with market evolution powered by AI – The global smart healthcare market size is estimated to grow by USD 125.7 billion from 2024-2028, according to Technavio. The market is estimated to grow at a CAGR of 9.31% 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 AirStrip Technologies Inc., Allscripts Healthcare Solutions, Apple Inc., AT&T Inc., Bollhoff Group, Brooks Automation, Cerner Corporation, Cisco, GE Healthcare, Given Imaging, Inc., Hurst Green Plastics Ltd., IBM, Logi-Tag, McKesson Corporation, Olympus Corporation, Pepperl+Fuchs, Samsung Electronics Corporation, Siemens Medical Solutions, Solstice Medical LLC, Stanley Innerspac.

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Smart Healthcare Market Scope

Report Coverage

Details

Base year

2023

Historic period

2018 – 2022

Forecast period

2024-2028

Growth momentum & CAGR

Accelerate at a CAGR of 9.31%

Market growth 2024-2028

USD 125.7 billion

Market structure

Fragmented

YoY growth 2022-2023 (%)

8.6

Regional analysis

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

Performing market contribution

North America at 44%

Key countries

US, Germany, UK, Canada, and Japan

Key companies profiled

AirStrip Technologies Inc., Allscripts Healthcare Solutions, Apple Inc., AT&T Inc., Bollhoff Group, Brooks Automation, Cerner Corporation, Cisco, GE Healthcare, Given Imaging, Inc., Hurst Green Plastics Ltd., IBM, Logi-Tag, McKesson Corporation, Olympus Corporation, Pepperl+Fuchs, Samsung Electronics Corporation, Siemens Medical Solutions, Solstice Medical LLC, Stanley Innerspac

Market Driver

The Smart Healthcare Market is experiencing significant growth due to the adoption of mHealth solutions, such as Vera Smart Health and Teladoc Health. RFID and Real-Time Location Systems are revolutionizing patient care by enabling real-time monitoring of vital signs like blood pressure, heart rate, oxygen level, and temperature. Smart healthcare products, including wearable devices, are transforming healthcare through cloud communication and big data analysis. Information technologies like artificial intelligence and machine learning are improving healthcare outcomes by providing personalized care. However, approvals and digital literacy remain challenges. Key market participants include traditional medical systems, caregivers, patients, families, physicians, hospitals, insurance companies, and Oral Biology research institutes. Sensor-based IoT technology is enabling remote monitoring for cognitive impairment and surgery. The advantages of smart healthcare are numerous, but high costs remain a concern. EHealth initiatives using cell phones and tablets, health-related apps, and smart wearable devices are driving market growth. Market restraints include RFID Kanban Systems and RFID Smart Cabinets, as well as Electronic Health Records and Telemedicine. Smart syringes, medicines, and RFID cabinets are also gaining popularity. The future of healthcare is connected, digital, and personalized. 

The smart healthcare market is experiencing significant growth due to the increasing adoption of Internet of Things (IoT) technology in the healthcare industry. IoT enables real-time monitoring of patients, bridging the gap between physical and digital data sources. This innovation improves patient access to services, reduces operational burdens on healthcare facilities, and supports the development of digital healthcare ecosystems. Healthcare institutions are transitioning to connected hospital infrastructures, enhancing care delivery through IoT’s diverse applications, both inside and outside medical facilities. 

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Market Challenges

The Smart Healthcare Market is experiencing significant growth due to the integration of information technologies like mHealth, Vera Smart Health, and Teladoc Health. Wearable devices, such as smartwatches and health monitors, are leading the charge with real-time monitoring of vital signs like blood pressure, heart rate, oxygen level, and temperature. RFID and real-time location systems enable efficient inventory management of smart healthcare products. However, challenges remain. Regulatory approvals for cognitive impairment devices and device integration with traditional medical systems can be time-consuming. High costs and digital literacy levels are also barriers to entry. Key market participants include healthcare providers, caregivers, patients, families, physicians, hospitals, insurance companies, and Oral Biology research institutes. Advantages of smart healthcare include improved health outcomes, remote patient monitoring, and cost savings. Digital health programs, eHealth, and health research are driving innovation in areas like acoustic resonance for lung function and asthma management, essential cardiology, and blood glucose monitors. The market is also seeing the emergence of smart syringes, medicines, RFID cabinets, and wearable devices for surgery preparation. Market restraints include the high cost of implementing infrastructure, RFID Kanban systems, RFID Smart Cabinets, and Electronic Health Records. Telemedicine and smart pills are also areas of growth, but face challenges related to patient trust and privacy concerns. Overall, the market for smart healthcare items and digital technology is poised for continued growth, with cell phones, tablets, and health-related apps playing a significant role.The cost of implementing smart healthcare solutions, such as biosensors and Electronic Health Records (EHR), remains a significant barrier to their widespread adoption. For instance, the high cost of producing biosensors, which include components like pills, fluidic sensors, flow meters, gyroscopes, and micro dispensers, significantly increases the final product price. Consumers are hesitant to invest in these devices due to their high cost. Similarly, the integration of EHR systems involves substantial expenses, posing a challenge for the global EHR market growth. These costs hinder the expansion of smart healthcare applications into new areas.

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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)Application

1.1 Offline- The offline segment of the global smart healthcare market encompasses traditional distribution channels for delivering smart healthcare products and services to consumers. Offline retail stores, such as specialty stores, healthcare equipment stores, and electronics stores, serve as crucial distribution points for these devices. Medical equipment suppliers and distributors also play a pivotal role in offline distribution, leveraging relationships with healthcare providers, hospitals, clinics, and pharmacies to distribute advanced medical devices, telehealth systems, and remote patient monitoring equipment. These channels offer customers a personalized experience, enabling them to physically engage with smart healthcare products, receive expert advice, and address concerns. Trust and credibility built over time by providing reliable products, professional expertise, and dependable after-sales support contribute to the preference for offline distribution channels among consumers. This face-to-face interaction enhances customer satisfaction and is expected to fuel the growth of the offline segment in the global smart healthcare market.

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Research Analysis

The Smart Healthcare Market is experiencing rapid growth as mHealth solutions and advanced technologies revolutionize healthcare delivery. Vera Smart Health and Teladoc Health are leading the charge with telehealth services, allowing patients to consult with healthcare professionals remotely. NHS U and other institutions are adopting RFID and Real-Time Location Systems to manage inventory and streamline processes. Apple and other tech giants are introducing smart healthcare products, such as smart wearables that monitor vital signs like blood pressure, heart rate, oxygen level, and temperature. Information technologies like big data and cloud computing enable the collection, analysis, and sharing of health information, enhancing patient care. Smart healthcare items, including smart syringes and medicines, offer improved safety and efficiency. Digital technology and smart RFID cabinets facilitate automated medication dispensing and inventory management. Overall, the integration of digital technology and mHealth is transforming healthcare, offering more personalized, convenient, and efficient care.

Market Research Overview

Smart Healthcare Market: Transforming Traditional Healthcare with mHealth and Information Technologies The Smart Healthcare Market is revolutionizing the traditional healthcare system with the integration of mHealth, RFID, Real-Time Location Systems, and advanced information technologies. These innovations enable remote patient monitoring, real-time health data analysis, and improved communication between caregivers, patients, families, physicians, hospitals, and insurance companies. Smart healthcare products, such as wearable devices, blood pressure monitors, heart rate monitors, oxygen level sensors, and temperature sensors, are essential components of this market. These devices utilize sensor-based IoT technology, enabling real-time data collection and analysis, which can lead to better health outcomes. Advancements in digital health, including eHealth, cell phones, tablets, health-related apps, and smart wearable devices, have made healthcare more accessible and convenient. However, high costs and market restraints, such as approvals and digital literacy, may hinder the growth of this market. The Smart Healthcare Market encompasses various sectors, including Oral Biology, Craniofacial Research, medical record-keeping, device integration, illness causes, and surgery. It also includes advantages like acoustic resonance for lung function assessment, asthma management, essential cardiology, blood glucose monitors, smartwatches, health monitors, pedometers, activity trackers, and smart syringes, among others. Moreover, the market includes smart RFID cabinets, remote monitoring, and telemedicine. Key market participants are continuously developing innovative solutions to address the challenges of this market, including RFID Kanban Systems, RFID Smart Cabinets, and Electronic Health Records. In conclusion, the Smart Healthcare Market is transforming the healthcare landscape with its advanced technologies, enabling better patient care, improved health outcomes, and increased efficiency in healthcare services and health research.

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)Application

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/

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SOURCE Technavio

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Ricoh IM C3010 Wins 2025 Pick Award from Keypoint Intelligence

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Award recognises standout performance in productivity, usability, and digital workflow capabilities

TOKYO, May 26, 2025 /PRNewswire/ — The RICOH IM C3010 A3 colour multifunction printer has been named a “Highly Recommended” device and selected for a 2025 BLI Pick Award by Keypoint Intelligence, a leading independent evaluator of document imaging solutions.

Engineered with enterprise-grade capabilities, the IM C3010 is built to support modern work environments by offering a powerful, secure and flexible solution that streamlines workflows and enhances productivity. This BLI award acknowledges the device’s exceptional performance, intuitive usability, and advanced document handling.

“Recognition like this reinforces how we’re helping customers respond to the growing need for smarter, more secure ways of working,” said Kei Uesugi, Managing Director of Ricoh Asia Pacific. “The IM C3010 combines strong performance with everyday usability, giving businesses the tools to manage documents more efficiently and adapt with confidence.”

Key Features of the IM C3010

Smart Operation Panel: 10.1-inch touchscreen with customisable workflows and one-touch task presets to simplify day-to-day use.

Fast, Reliable Performance: Quick first-print-out times and consistent job handling for both short and long runs in busy office environments.

Advanced Scanning & OCR: High-speed duplex scanning with accurate text recognition and compact file output for efficient digitisation.

Robust Security: Integrated features such as secure print, user authentication and data encryption to help protect sensitive information.

Mobile & Cloud Ready: Built-in support for AirPrint, Mopria, and Ricoh Smart Device Connector, plus cloud services via Ricoh Smart Integration.

Powering Smart, Secure Workflows

The IM C3010 excels in high-demand office environments, combining exceptional speed, advanced scanning capabilities and robust security features. Its intuitive Smart Operation Panel, accurate OCR performance, and seamless mobile and cloud integration make it ideally suited for organisations seeking to digitise documents efficiently and manage workflows securely. Designed to adapt to changing workplace needs, the IM C3010 supports scalable, future-ready document management.

-Ends-

About the BLI Pick Awards and Keypoint Intelligence:

The BLI Pick Awards, presented by Keypoint Intelligence, are widely recognised as a mark of excellence in the print and imaging industry. These awards are based on comprehensive hands-on testing and assessment of key performance areas, including reliability, usability, image quality, productivity, and overall value. Only the top-performing devices in each category earn a coveted “Pick”.

Keypoint Intelligence has been a trusted authority in digital imaging for over 60 years, offering independent lab testing, market research and strategic insights to manufacturers, partners and end users. Its evaluations help businesses identify solutions that deliver measurable performance in real-world environments — making a BLI Pick Award a clear signal of product quality and competitive strength.

About Ricoh

Ricoh is a leading provider of integrated digital services and print and imaging solutions designed to support the digital transformation of workplaces, workspaces and optimise business performance.

Headquartered in Tokyo, Ricoh’s global operation reaches customers in approximately 200 countries and regions, supported by cultivated knowledge, technologies, and organisational capabilities nurtured over its 85-year history. In the financial year ended March 2025, Ricoh Group had worldwide sales of 2,527 billion yen (approx. 16.8 billion USD).

It is Ricoh’s mission and vision to empower individuals to find ‘Fulfillment through Work’ by understanding and transforming how people work so we can unleash their potential and creativity to realise a sustainable future.

For further information, please visit www.ricoh.com


###

© 2025 RICOH ASIA PACIFIC PTE LTD. All rights reserved. All referenced product names are the trademarks of their respective companies.

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SOURCE Ricoh Asia Pacific Pte Ltd

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JA Solar with 23 Leading Solar Companies unveils the first Initiative for Global Solar Sustainable Alliance at UNGC’s summit

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JAKARTA, Indonesia, May 25, 2025 /PRNewswire/ — On May 25, 2025, at the UN Global Compact (UNGC)’s Inaugural Global Business Summit in Jakarta, a total of 24 global leading solar companies including JA Solar, Jinko Solar, Tongwei, LONGi, GCL Group and other core upstream suppliers, collectively released the initiative for “Global Solar Sustainable Alliance (GSSA)”.

Distinguished leaders across government, industry and academia attended the summit, including United Nations Global Compact Assistant Secretary-General and CEO Sanda Ojiambo, United Nations Resident Coordinator in China Siddharth Chatterjee , Chairman of the National Economic Council of the Republic of Indonesia H.E. Luhut B. Pandjaitan, Founder and co-chairman of Bridgewater Associates Ray Dalio, President of the China Electricity Council Bao’an Xin, Chairman of Xiamen Airlines Dong Zhao, Founder and Chairman of GCL Gongshan Zhu.

At this critical juncture of global energy transition, the solar industry, as a cornerstone of renewable energy, serves as a pivotal solution to combat climate change and achieve carbon neutrality goals. Amid rapid industry growth, leading enterprises have jointly launched this initiative to address social and environmental challenges and advance sustainable development. Committed to delivering clean energy globally, the Initiative aims to strengthen sustainability across the entire value chain — promoting green mineral sourcing from the source, protecting ecosystems and biodiversity, building an equitable society for common good, and driving inclusive growth.

Aligned with the UNGC Ten Principles and Sustainable Development Goals (SDGs), the Initiative outlines 9 actionable pathways across three pillars, advancing ESG progress across the solar value chain and promoting its positive impact on the international market.

The GSSA initiative has garnered strong endorsement from the UNGC. Meng Liu, UNGC China Representative, stated: “We commend the global solar industry, particularly Chinese photovoltaic enterprises, for their contributions to advancing the global energy transition, and we welcome the launch of this initiative. Closely aligned with the principles of the United Nations Global Compact, the Initiative underscores corporate responsibilities in environmental protection, human rights safeguards, and sound governance. We look forward to the solar industry setting an exemplary model for global sustainable development through collective action.”

Jing Li, Vice President of Branding and Sustainability Officer of JA Solar, officially launched this GSSA Initiative at the event, and introduced JA Solar’s newly constructed responsible supply chain strategy with the theme of “Together Towards Tomorrow”, which aims to promote the multi-stakeholders along the industry’s value chain to evolve towards a sustainable future.

UNGC encourages more solar companies and supply chain partners to join this initiative and jointly advance the sustainable development of the industry. To truly fulfill the summit’s vision of ‘Better Business, Better World: Accelerating the SDGs’, the first co-signatories pledge to collaboratively develop a concrete action roadmap with stakeholder engagement, to ensure effective implementation of the Initiative.

Appendix : Global Solar Sustainable Alliance (GSSA)

As the backbone of renewable energy, the global solar sector provides consumers, industries, and society with affordable and reliable clean energy. It has made remarkable contributions to advancing global energy transition and promoting sustainable development, with immense potential yet to be realized.

On the other hand, after decades of growth, the social and environmental footprints of the solar industry, particularly the associated risks across its supply chain—have increasingly emerged. These challenges pose significant obstacles to unleashing the industry’s full potential and achieving its own sustainable development.

In light of this, we, as the undersigned photovoltaic enterprises and supply chain participants, guided by the Ten Principles of the United Nations Global Compact and the UN Sustainable Development Goals (SDGs), hereby launch the Global Solar Sustainable Alliance (GSSA). We call on all companies in the industry and its supply chains to adopt sustainability principles and strategies, and actively undertake the following actions:

I. Just Transition: Safeguarding the green ecosystems and environment

a) Reduce pollution, conserve resources, improve environmental management, implement clean production, and promote a circular economy.

b) Cut energy consumption and carbon emissions, adapt to climate change, establish science-based greenhouse gas reduction targets, and achieve net-zero emissions as soon as possible.

c) Protect biodiversity and ecosystems, promoting green mining from origins of materials, ensuring zero deforestation and no net loss of biodiversity.

II. People-Centric Development: Building an Equitable Society for Common Good

a) Respect and protect workers’ fundamental rights, create gender-responsive, diverse, inclusive, safe, and healthy workplaces, and enhance employees’ skills and development potential.

b) Advance responsible procurement and marketing practices, implement human rights due diligence in supply chains, improve value chain transparency, traceability, and collaborative mechanisms, and strengthen supply chain resilience.

c) Plan PV projects in alignment with local conditions, respect the rights of communities and residents, and leverage industry expertise to support community and social development.

III. Governance Enhancement: Driving Inclusive Growth

a) Optimize corporate governance structures, enhance professionalism and diversity in governance mechanisms, improve investor relations management, and protect the rights of minority shareholders.

b) Operate with integrity and compliance, oppose all forms of unfair competition practices, proactively uphold a sound market order, and foster the healthy development of the industry.

c) Strengthen internal and external oversight systems, conduct standardized information disclosure and regular tracking of progress and targets, and establish multi-channel stakeholder engagement and dialogue mechanisms.

Building on the above consensus, we will pool wisdom and resources, engage in full collaboration, and establish a concrete action roadmap with the participation and support of multi-stakeholders to ensure the effective implementation of the GSSA Initiative.

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SOURCE JA Solar Technology Co., Ltd.

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Curotec Unveils Self-Hosted AI Platform That Cuts Dev Time by 70% Without Compromising Security

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With the help of Curotec, companies in regulated industries can now deploy generative AI securely—achieving 3X faster time to market without sacrificing privacy or control.

PHILADELPHIA, May 25, 2025 /PRNewswire-PRWeb/ — Curotec, a leader in nearshore software development and AI strategy, announces the launch of its self-hosted large language model (LLM) infrastructure—a cutting-edge approach to generative software development that enables clients to harness AI securely and efficiently, without compromising code, intellectual property, or sensitive data.

“We built our model infrastructure with security, control, and developer productivity at its core,” said Brian Dainis, CEO of Curotec.

As enterprise adoption of generative AI accelerates, so do concerns from CIOs and general counsel over privacy, IP leakage, and regulatory compliance. Curotec’s infrastructure addresses these concerns head-on by deploying the top-performing open-source LLMs entirely within Curotec-owned and controlled environments, avoiding reliance on third-party model providers.

Unlike typical AI development tools that rely on external APIs, Curotec’s models are fully self-contained—running within isolated environments that are hardened for enterprise-grade privacy. This ensures client data never leaves the trusted boundary of Curotec’s infrastructure, making it ideal for highly regulated sectors like FinTech, HealthTech, and SaaS.

Curotec piloted its self-hosted LLM platform with several of its clients in 2025, including growth-stage FinTech and HealthTech companies with stringent SOC 2 compliance requirements. This pilot proved the approach’s efficacy in unlocking significant developer efficiency and the ability to get legal, security, and compliance leaders on board with the data concerns that LLM platforms introduce.

Since implementing this approach across internal and client-facing projects, Curotec has seen up to a 70% reduction in man-hours required for application development projects. These gains translate into a 3X faster speed to market, allowing businesses to outpace competitors without sacrificing security or code quality.

The LLMs assist Curotec developers with:

Generating boilerplate and middleware codeWriting unit tests and documentationRefactoring and debuggingTranslating specifications into working codePrompt-assisted feature scaffolding

This innovation is now part of Curotec’s AI-enhanced development services, detailed here:

curotec.com/services/ai-generative-development

Curotec’s self-hosted model platform marks a new frontier in generative software development—one where efficiency doesn’t require compromise, and where enterprises can trust their AI-powered development pipelines are both powerful and secure.

About Curotec:

Curotec is a software consulting firm that helps companies scale their engineering capacity and adopt transformative technologies. With a strong presence in Latin America, Curotec provides elite nearshore talent and consulting services in AI, software development, and digital transformation. Learn more at www.curotec.com.

Media Contact

Brian Dainis, Curotec, 1 610-450-6599, press@curotec.com, https://www.curotec.com/

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SOURCE Curotec

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