France Smartcare Market Insights Forecasts to 2033

• The France Smartcare Market Size was valued at USD 4.2 Billion in 2023.
• The Market is growing at a CAGR of 15.07% from 2023 to 2033
• The France Smartcare Market Size is expected to reach USD 17.1 Billion by 2033

The France Smartcare Market is anticipated to exceed USD 17.1 Billion by 2033, growing at a CAGR of 15.07% from 2023 to 2033. The growing penetration of EHR or EMR, medical device connectivity, and favorable reimbursement scenario are driving the growth of the smartcare market in the France.     

Market Overview

Smartcare refers to the integration of intelligent data interchange technology to enhance patient flow and care in healthcare facilities. It transfers the patient data instantly from one department or institution to another, depending on the patient. Among the technologies utilised in smartcare include radiofrequency identification (RFID) systems, electronic health records (EHR), and remote patient monitoring (RPM) systems used in healthcare settings. The use of 5G technology, artificial intelligence (AI), the internet of things (IoT), and technologically advanced products drives the expansion of the French smartcare market. The French government introduced the Health Innovation 2030 strategy in 2021. The government invested US$ 693.46 million (€ 650 million) as part of this initiative to expedite the nation's digital health strategy. The French healthcare industry's expansion is further supported by the growing use of EHR and RPM technology by hospitals, clinics, and assisted living facilities to monitor and manage patient flow and enhance care quality and operational efficiency.

Report Coverage

This research report categorizes the market for the France smartcare market based on various segments and regions and forecasts revenue growth and analyzes trends in each submarket. The report analyses the key growth drivers, opportunities, and challenges influencing the France smartcare market. Recent market developments and competitive strategies such as expansion, product launch, and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key market players and analyses their core competencies in each sub-segment of the France smartcare market.

Driving Factors

Modern healthcare relies heavily on the integration of clinical solutions and EMR systems with data from medical devices and equipment, as data is transferred directly from medical devices to the EHR/EMR software at reduced time, which is driving market growth. The rising usage of wearable technologies and telehealth services that are connected to medical devices is driving the market. The usage of smartcare devices in the healthcare system is becoming more widely known as a result of the French government's increasing emphasis on telehealth and RPM reimbursement. As a result, the availability of advantageous reimbursement scenarios supports the expansion of the smartcare sector in France. The World Health Organisation (WHO) reports that France is ranked sixth in the world for both public and private healthcare investments.    

Restraining Factors

Digital healthcare is an attractive target for assaults and data breaches, including weaponized ransomware, phishing emails, and improperly configured cloud storage buckets, which leads to restrain the adoption of smartcare, resulting in hampering the market.

Market Segmentation

The France Smartcare Market share is classified into type and end user.

• The remote patient monitoring segment dominated the market with the largest market share in 2023.

The France smartcare market is segmented by type into connected beds, remote patient monitoring, smart pills, smart syringes, RFID systems, electronic health records, and others. Among these, the remote patient monitoring segment dominated the market with the largest market share in 2023. Remote patient monitoring (RPM) mediates improvement in patient’s care and quality of life by reducing patient hospitalisation time and hospital visits. The favourable reimbursement scenario that is available drives the market expansion.

• The hospitals & clinics segment accounted for the largest market share during the forecast period.        

Based on the end user, the France smartcare market is divided into hospitals & clinics, medical nursing homes, home healthcare, and others. Among these, the hospitals & clinics segment accounted for the largest market share during the forecast period. Smart Care is a collection of software programs that work in tandem with Medtech PMS to enhance patient management effectiveness and security. The growing use of EHR and RPM technologies by hospitals and clinics in France bolsters the market growth.

Competitive Analysis:

The report offers the appropriate analysis of the key organizations/companies involved within the France smartcare market along with a comparative evaluation primarily based on their product offering, business overviews, geographic presence, enterprise strategies, segment market share, and SWOT analysis. The report also provides an elaborative analysis focusing on the current news and developments of the companies, which includes product development, innovations, joint ventures, partnerships, mergers & acquisitions, strategic alliances, and others. This allows for the evaluation of the overall competition within the market.

List of Key Companies

• Samsung Healthcare
• Oracle Corp
• GE Healthcare Technologies
• BodyCap
• Orme SARL
• McKesson Corp
• AdolfWurth GmbH & Co KG
• Siemens Healthineers
• Domalys SAS
• Groupe WINNCARE SAS
• Others

Key Target Audience

• Market Players
• Investors
• End-users
• Government Authorities 
• Consulting And Research Firm
• Venture capitalists
• Value-Added Resellers (VARs)

Market Segment

This study forecasts revenue at France, regional, and country levels from 2020 to 2033. Spherical Insights has segmented the France Smartcare Market based on the below-mentioned segments:

France Smartcare Market, By Type

• Connected Beds
• Remote Patient Monitoring
• Smart Pills
• Smart Syringes
• RFID Systems
• Electronic Health Records
• Others

France Smartcare Market, By End User

• Hospitals & Clinics
• Medical Nursing Homes
• Home Healthcare
• Others