According to the latest report by IMARC Group, "Smart Hospitals Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027", The global smart hospitals market is expected to exhibit a CAGR of 17.3% during 2022-2027.
Smart hospitals refer to human-centric medical institutions that provide enhanced safety and care to patients. They comprise several technologies, such as high-speed communication networks, the internet of things (IoT), mobile health, artificial intelligence (AI), robotics, telehealth, and location recognition and tracking technology. They provide real-time access to data, reliability, high security, and real-time computing while reducing human workload. They assist in offering enhanced emergency care and services to the patients, reduced downtime, and improved environmentally sound operations. Besides this, they aid in streamlining clinical workflows, facilitating improved communication, and offering valuable insights.
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Market Trends
At present, the rising prevalence of numerous diseases among the masses worldwide represents one of the primary factors contributing to the growth of the market. Besides this, the growing demand for smart hospitals due to the improved patient journey with interactive display systems and cost-effective treatment solutions across the globe is offering a positive market outlook. Apart from this, various benefits offered by smart hospitals, such as effective operations, early diagnosis, remote patient monitoring, and transparency in drug reports, are positively influencing the market. Moreover, the rising demand for smart hospitals, as they provide digital prescription with artificial intelligence (AI) enabled pen and paper, is bolstering the growth of the market. Furthermore, key manufacturers are introducing a full care management platform that benefits medical practices and maintains financial visibility and connection with patients, which is strengthening the growth of the market.
Competitive Landscape:
The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.
- Adheretech Inc.
- Capsule Technologies, Inc. (Francisco Partners)
- Cerner Corporation
- GE Healthcare Inc. (General Electric Company)
- Intel Corporation
- Koninklijke Philips N.V.
- McKesson Corporation
- Medtronic, Inc.(Medtronic Public Limited Company)
- Microsoft Corporation
- SAP SE
- Siemens Healthineers AG (Siemens Aktiengesellschaft)
- STANLEY Healthcare (Stanley Black & Decker Inc.).
The report has segmented the market on the basis of Offering, Product, Application, End-Use, and Region.
Breakup by Component:
- Hardware
- Stationary Medical Devices
- Implanted Medical Devices
- Wearable External Medical Devices
- Others
- Software
- Services
- Professional Services
- Managed Services
Breakup by Product:
- mHealth
- Telemedicine
- Smart Pills
- Electronic Health Record
- Others
Breakup by Service Offered:
- General Services
- Specialty
- Super Specialty
Breakup by Connectivity:
- Wireless
- Wi-Fi
- Radio Frequency Identification (RFID)
- Bluetooth
- Zigbee
- Near Field Communication (NFC)
- Others
- Wired
Breakup by Technology:
- Artificial Intelligence
- Internet of Things
- Cloud Computing
- Big Data
- Others
Breakup by Application:
- Remote Medicine Management
- Electronic Health Record & Clinical Workflow
- Outpatient Vigilance
- Medical Connected Imaging
- Medical Assistance
- Others
Market Breakup by Region:
- North America (United States, Canada)
- Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, Others)
- Europe (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
- Latin America (Brazil, Mexico, Others)
- Middle East and Africa
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