The smart hospitals market is increasingly garnering traction across the globe. The concept of the smart hospital is taking its root rapidly, gaining tremendous commercial interest. Smart hospital showcases the convergence of the Internet of Things (IoT), information communication & technology (ICT), and cloud that makes the entire gamut of healthcare operations seamless and streamline the clinical workflow.
Moreover, medical software applications such as Netmeds, Practo, and others have provided various benefits such as reduced waiting time and duration of hospital stay, and lower medical errors that eventually reduce the healthcare cost.
Also, the smart hospitals concept uses innovative technology such as artificial intelligence (AI) to solve problems like overcrowding and thus to reduce patients' waiting times, which attributes to the booming popularity of IoT enabled environment and hence to the smart hospital concept.
Resultantly, the Covid-19 Impact On Smart Hospitals Market is growing pervasively, accounting for significant success, globally. Huge advancements in technology and the vast uptake of smart technology the market on the global platform.
Considering the phenomenal upsurges, the market perceives currently, Market Research Future (MRFR) in its recently published study report asserts that the global smart hospital market will witness significant growth by 2025 registering a phenomenal double-digit CAGR of 21.5% throughout the forecast period (2018 -2025).
Additional factors that are supporting the growth of the market include a significant increase in the healthcare sector and the field of connected healthcare. The intelligent, autonomous infrastructure that improves workflow in healthcare settings by providing instantaneous and real-time actionable intelligence is helping the caregivers to achieve better patient outcomes.
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The prominent players in the global Smart Hospitals Market are – Siemens AG (Germany), Qualcomm Life Inc. (US), Athenahealth Inc. (U.S), SAP SE (Germany), Microsoft Corporation (U.S), Cerner Corporation (U.S), Stanley Healthcare (US), Oracle Corporation (US), SAMSUNG Group (South Korea), Philips N.V (Netherlands), GE Healthcare (US) among others.
Global Smart Hospital Market – Segments
For ease of understanding, the analysis has been segmented into three key dynamics:
- By Type : General Services, Specialty, and Super-Specialty
- By Application: Electronic Health Record (HER) and Clinic Workflow, Remote Medicine Management, Medical Connected Imaging, Outpatient Vigilance, and Medical Assistance, among others.
- By Regions: North America, Asia Pacific, Europe, and the Rest-of-the-World.
On the basis of region, the global smart hospital market is segmented into North America, Europe, Asia Pacific (APAC), the Middle East & Africa (MEA) and Latin America. North America is expected to spearhead the global smart hospital market during the forecast period. The region currently accounts for close to 38% share of the global market. The market in North America is expected to reach a valuation of more than USD 28, 700 Mn by the year 2025, reflecting a CAGR of 21.1%.
During the forecast period, lucrative opportunities are expected to arise from fast-developing countries is Asia Pacific. The APAC smart hospital market is set to exhibit a double-digit CAGR of 25.8% till 2025. Countries such as China and India are witnessing a rapid expansion of the healthcare sector, which is proving an impetus to the smart hospital market in these countries.
Europe is also expected to remain an important market for smart hospital in 2020 and beyond. EU’s consistent efforts toward healthcare transformation facilitates a quick adoption of advanced healthcare technologies such as smart hospital. In 2017, Europe accounted for 29% share of the global smart hospital market.
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TABLE OF CONTENTS
Table 1 Market Synopsis
Table 2 List Of Assumptions
Table 3 Global Smart Hospital Market, By Type, 2017-2025 (Usd Million)
Table 4 Global Smart Hospital Market, By Application, 2017-2025 (Usd Million)
Table 5 Global Smart Hospital Market, By Region, 2017-2025 (Usd Million)
Table 6 North America Smart Hospital Market, By Country, 2017-2025 (Usd Million)
Table 7 North America Smart Hospital Market, By Type, 2017-2025 (Usd Million)
Table 8 North America Smart Hospital Market, By Application, 2017-2025 (Usd Million)
Table 9 Us Smart Hospital Market, By Type, 2017-2025 (Usd Million)
Table 10 Us Smart Hospital Market, By Application, 2017-2025 (Usd Million)
Table 11 Canada Smart Hospital Market, By Type, 2017-2025 (Usd Million)
Table 12 Canada Smart Hospital Market, By Application, 2017-2025 (Usd Million)
Table 13 Mexico Smart Hospital Market, By Type, 2017-2025 (Usd Million)
Table 14 Mexico Smart Hospital Market, By Application, 2017-2025 (Usd Million)
Table 15 Europe Smart Hospital Market, By Country, 2017-2025(Usd Million)
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