Smartcare is the embodiment of smart systems to improve patient flow and patient care in healthcare institutions through intelligent interchange of data. In smartcare, the patient data is immediately forwarded from one department to another or from one facility to another, depending on where the patient is scheduled to go next. Remote patient monitoring (RPM), electronic health record (EHR), and radiofrequency identification (RFID) systems used in healthcare settings are among the technologies used in smartcare. Key factors driving the France smartcare market growth include the growing penetration of EHR or EMR and medical device connectivity and favorable reimbursement scenario.
Promising 5G Technology to Enhance Smartcare to Propel France Smartcare Market Growth During the Forecast Period.
Telemedicine requires a network supporting high-quality videos while real-time remote patient monitoring. Using 4G or older networks for transferring larger files between departments can be time consuming, forcing physicians to spend their valuable time waiting for the file transfer process to complete. Upgrading to 5G can eliminate these blocks and provide healthcare providers with an effective network that can continue to adapt to new technology. 5G is the next generation of wireless technology that enhances all devices operating in a network by providing greater bandwidths, faster speeds, and greater capacity to connect devices. 5G technology offers 100–2,000 times faster speed than typical hospital wireless networks. Thus, it allows for rapid data transfer even for large data sets (i.e., low latency), which will help the smartcare to work faster. Using connected medical devices paired with smart data applications and artificial intelligence (AI), doctors can remotely track the patient’s vitals and efficiently proceed with the diagnosis, prescription, and treatment plans. 5G technology can transform the healthcare sector with its high speed, low latency, and improved data accuracy. Thus, combining 5G technology and AI can greatly improve the healthcare sector. The importance of telehealth solutions was widely witnessed during the COVID-19 pandemic, when maintaining social distancing was imperative. Remote patient monitoring aided in the proactive management of chronic diseases and the delivery of healthcare services. Healthcare experts increasingly recognized the value of smartcare. As a result, the future of healthcare information systems is shifting toward digital data services. For example, EHRs, smart clinical administrative systems, and patient data portals are transforming the medical field to allow extraordinary access to care and interoperability among patient medical records. Due to the various benefits offered by this technology, 5G is the essential network to enrich cloud-based services and expand the offering of connected solutions. As 5G wireless connectivity expands what is possible from smartcare, care providers can treat more patients and provide medical assistance to underserved patients worldwide. It means a world of care accessibility for patients that was once impractical.
Furthermore, 5G is a key technology for digital health and the Internet of Things (IoT) and is rapidly being incorporated into various medical devices. Wireless technology can connect to devices in the hospital, at home, and wherever a need arises. 5G-enabled wearable devices can transmit large data packets throughout the day, driving improved patient outcomes through continuous remote monitoring. Thus, with increasing smartcare technology usage, the need for a better network and technology also arises. Thus, the emergence of 5G technology is expected to offer lucrative opportunities to the France smartcare market during the forecast period.
France Smartcare Market: Segmental Overview
The “France Smartcare Market” is segmented by type and end user. The smartcare market, by product type, is segmented into connected beds, remote patient monitoring, smart pills, smart syringes, RFID systems, electronic health records, and others. The remote patient monitoring segment held a largest market share in 2022, while electronic health records segment is anticipated to register a highest CAGR of 16.0% during the forecast period.
The smartcare market, by end user, is segmented into hospitals and clinics, medical nursing homes, home healthcare, and others. The hospitals and clinics segment held a largest market share in 2022, while home healthcare segment is anticipated to register a highest CAGR of 15.8% during the forecast period.
France Smartcare Market: Competitive Landscape and Key Developments
Oracle Corp, Samsung Healthcare, BodyCap, GE Healthcare Technologies, Orme SARL, AdolfWurth GmbH & Co KG, McKesson Corp, Kaspard, Domalys SAS, Siemens Healthineers, MintT, and Groupe WINNCARE SAS are a few of the key companies operating in the France smartcare market. The market leaders focus on new product launches, expansion and diversification, and acquisition strategies, which allow them to access prevailing business opportunities.