Growth opportunities in the Smart Hospital Market look promising over the next six years. This is mainly due to the enrichment of existing patient care solution and introduction of new capabilities
Smart Hospital Market Dynamics (including market size, share, trends, forecast, growth, forecast, and industry analysis)
Key Drivers
The major drivers responsible for the growth of the smart hospitals market include the accelerating penetration of Machine Learning, cloud-based computing services and data storage, Artificial intelligence, and RFID (Radio Frequency Identification) in the healthcare industry. In addition, as per the smart hospitals market research, the ongoing initiatives and programs by the government concerned with the execution and introduction of IT solutions and services, raised government expenditure on hospitals and healthcare system, surging consciousness among patients about technology, and accelerated number of skilled IT experts are some other factors that have promoted the acquisition of healthcare IT solutions in the developing markets.
Application Type Segment Drivers
Based on the application type, Outpatient Vigilance is projected to dominate the market during the forecast period. This is primarily because of the ongoing technological expansion in healthcare services. On the other hand, medical assistance is predicted to expand at a higher CAGR over the forecast period owing to the mounting endorsement of sophisticated services by professionals and patients due to their high accuracy and technological advancement. Additionally, the extensive accessibility of technically developed tools, products, and services, and treatment and fuelling demand for accurate and smart diagnosis will bolster the smart hospitals market size.
Component Type Drivers
Based on the component type, software and services are expected to lead the market during the forecast period due to software intensification in the field of healthcare services. On the other edge, hardware is forecasted to expand at a faster rate during the forecast period due to the soaring acceptance of Hybrid Operating Room.
Smart Hospital Market’s leading Manufacturers:
- Microsoft Corporation
- SAMSUNG Group
- Stanley Healthcare
- Medtronic
- Cerner Corporation
- Siemens AG
- SAP SE
- Qualcomm Life, Inc,
- Intel Corporation
- Philips N.V
Smart Hospital Market Segmentation:
Segmentation by Application type
- Remote Medicine Management
- Electronic Health Record & Clinical Workflow
- Outpatient Vigilance
- Medical Connected Imaging
- Medical Assistance
Segmentation by Connectivity type
- Wired
- Wireless
Segmentation by Component type
- Hardware
- Software & Services
Segmentation by Region:
- North America
- United States of America
- Canada
- Asia Pacific
- China
- Japan
- India
- Rest of APAC
- Europe
- United Kingdom
- Germany
- France
- Spain
- Rest of Europe
- RoW
- Brazil
- South Africa
- Saudi Arabia
- UAE
- Rest of the world (remaining countries of the LAMEA region)
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