The global smart healthcare market size was estimated at USD 153.6 billion in 2022 and is expected to witness a compound annual growth rate (CAGR) of 13.3% from 2023 to 2030. The rising adoption of mHealth, government initiatives to digitalize healthcare, and the prevalence of chronic disorders are likely to accentuate the demand for smart healthcare systems. Digitalization has transformed the healthcare industry. The adoption of mHealth has increased substantially in the past few years, majorly owing to the rising usage of smartphones and digitization. As per a United Healthcare Consumer Sentiment Survey, in 2019, approximately 37.0% of Americans rely on the internet or mobile apps for consultations related to their health conditions.

The requirement for high-quality products is compelling manufacturers to launch products that provide efficient and error-free results. The market is focused on advancements in technologies such as robotics and minimally-invasive surgeries.