Global Smart Hospitals Market Size study & Forecast, by Material Component (Hardware, Systems and Software, Services), Services Rendered (General, Specialty, Super Specialty), Application (Remote Medicine Management, Electronic Health Record and Clinical

Global Smart Hospitals Market Size study & Forecast, by Material Component (Hardware, Systems and Software, Services), Services Rendered (General, Specialty, Super Specialty), Application (Remote Medicine Management, Electronic Health Record and Clinical Workflow, Others), Connectivity (Wired, Wireless), Artificial Intelligence (Offering, Technology) and Regional Analysis, 2022-2029

Global Smart Hospitals Market is valued approximately at USD XX billion in 2021 and is anticipated to grow with a healthy growth rate of more than XX % over the forecast period 2022-2029. Smart Hospitals are equipped with various software and advanced devices. These smart devices and software reduce workload and minimize the cost associated with all procedures in the hospitals. These hospitals are dependent on IoT devices and artificial intelligence. The Smart Hospitals market is expanding on the back of the rising penetration of connected devices in hospitals and the growing requirement for cost-effective solutions in hospitals.

According to Statista in 2022, the number connected devices (IoT)is projected to almost triple from 9.7 billion in 2020 to more than around 29 billion IoT devices in 2030. China is projected to have the highest number of IoT devices by 2030 i.e., around 5 billion. Whereas, rising investment across the healthcare sector and technological advancement across healthcare infrastructure creates lucrative opportunities for the market growth. However, higher cost of connected devices hampers the market growth throughout the forecast period of 2022-2029.

The key regions considered for the Global Smart Hospitals Market study include Asia Pacific, North America, Europe, Latin America, and the Rest of the World. North America dominates the market with highest revenue share, owing to the rising prevalence of chronic diseases, rising aging population, need for smart healthcare inventory, etc. Whereas, Europe is expected to growduring the forecast period, owing to factors such as increasing adoption of smart infrastructure, technological development, and rising penetration of market players in the forecast period

Major market player included in this report are:
GE Healthcare (General Electric Company)
Koninklijke Philips N.V.
Medtronic Plc
Cerner Corporation
Honeywell International, Inc.
STANLEY Healthcare
Capsule Technologies, Inc.
McKesson Corporation
Microsoft Corporation
SAP SE

Recent Developments in the Market:
 In May 2018 -Berkshire Hathaway, Amazon and JP Morgan Chase & Co announced their collaborative partnership to address healthcare for Citizens and U.S employees. It will improve employee satisfaction and minimizes the cost.
 In Sep 2018-EIR healthcare designed the first application of modular and prefabrication technology for hospital rooms. It will ensure faster delivery, minimize budgets and build times

Global Smart Hospitals Market Report Scope:
Historical Data 2019-2020-2021
Base Year for Estimation 2021
Forecast period 2022-2029
Report Coverage Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends
Segments Covered Component, Services Rendered, Application, Connectivity, Artificial Intelligence, Region
Regional Scope North America; Europe; Asia Pacific; Latin America; Rest of the World

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.

The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:
By Component:
Hardware
Systems & Software
Services

By Services Rendered:
General
Specialty
Super Specialty

By Application:
Remote Medicine Management,
Electronic Health Record
Clinical Workflow
Outpatient Vigilance,

By Connectivity:
Wired
Wireless

By Artificial Intelligence:
Offering
Technology

By Region:
North America
U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
ROE
Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC
Latin America
Brazil
Mexico
Rest of the World

Companies Mentioned

GE Healthcare (General Electric Company)
Koninklijke Philips N.V.
Medtronic Plc
Cerner Corporation
Honeywell International, Inc.
STANLEY Healthcare
Capsule Technologies, Inc.
McKesson Corporation
Microsoft Corporation
SAP SE

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