Smart Home Healthcare Market to Reach $796 Billion by 2025
New York, Tuesday, 4 November 2025.
Driven by rising diabetes prevalence and AI integration, the smart home healthcare market is set to expand significantly, offering new opportunities for remote patient monitoring solutions.
Market Growth and Influencing Factors
The smart home healthcare market is projected to grow at a compound annual growth rate (CAGR) of 23.50%, moving from USD 96.44 billion in 2024 to USD 796.03 billion by 2034 [1]. Key drivers of this growth include the increasing prevalence of chronic conditions like diabetes and the integration of artificial intelligence (AI) into healthcare solutions. The World Health Organization’s designation of Delft University of Technology’s Digital Ethics Centre as a Collaborating Centre on AI for health governance in March 2025 underscores the growing importance of ethical AI integration in health applications [1].
Remote Patient Monitoring: A Key Segment
Remote patient monitoring is emerging as a crucial aspect of the smart home healthcare market, especially for managing chronic conditions such as diabetes. As of November 2024, over 800 million individuals worldwide were living with diabetes, driving demand for innovative monitoring solutions [1]. Innovations in IoT integration and AI technologies are reshaping healthcare delivery by improving patient outcomes and reducing costs [1].
Economic Implications and Industry Opportunities
The expansion of the smart home healthcare market is expected to have significant economic implications, including increased investment in digital health solutions and job creation in tech and healthcare sectors. Companies are strategizing to leverage these opportunities, with key players like Honeywell International Inc., Siemens Healthineers, and Koninklijke Philips N.V. at the forefront [1]. The anticipated growth presents a lucrative landscape for stakeholders aiming to capitalize on technological advancements in healthcare [1].
Future Outlook and Technological Advancements
Looking ahead, the market’s progression will be marked by continued advancements in AI and wearable technologies. The wearable technology market, closely linked to smart healthcare, is set to grow from USD 82.33 billion in 2024 to USD 230.15 billion by 2033, further enhancing healthcare monitoring capabilities [2]. As healthcare systems worldwide embrace digital transformation, the smart home healthcare market is poised to play a pivotal role in delivering accessible and efficient care [1][2].