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Smart home market on the rise

May 18, 2023HME News Staff

NEW YORK - The smart home health care market grew 25% in 2022 to reach $22.9 billion worldwide, but that growth rate will be hard to sustain, despite the considerable potential for further growth, according to global technology intelligence firm ABI Research.  Smart home health care, encompassing connected home care, remote patient monitoring and social robotics, can improve the health and care of the most vulnerable, while reducing manpower and costs, says ABI in its Smart Home Healthcare...

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