Smart Hospitals Market, By Component (Hardware, Software System, and Services), By Technology (Cloud Computing, Artificial Intelligence, Wearable Technologies, Radio Frequency Identification, and Others), By Application (Remote Medicine Management, Medical Connected Imaging, Medical Assistance, Electronic Health Record, and Outpatient Vigilance), By Connectivity (Wired and Wireless), By Region (North America, Latin America, Europe, Asia Pacific, Middle East, and Africa)
The combining technological advances in medical devices (wired or wireless) to increase patient safety and efficiency in hospitals, or connecting to clinical information systems via software such hospitals are called smart hospitals. The Internet of Things (IoT) plays a key role in building intelligent hospitals through devices, system components and networks. Smart hospitals are transforming the healthcare industry as electronic devices gather information about a patient's vital signs and pass it on to doctors, allowing patients to track their records. Leading companies continuously develop innovative technologies to improve the market.Market Dynamics
Increasing initiatives to promote the smart health hospitals are expected to drive the global Smart Hospitals market growth. For instance, in December 2021, Siriraj Hospital, a Thailand based public hospital and Huawei Technologies (Thailand) Co., Ltd., a provider of information and communications technology (ICT) infrastructure and smart devices, jointly launched "Siriraj World Class 5G Smart Hospital". The project delivers a more efficient and convenient experience to patients by introducing technologies such as 5G, cloud, and artificial intelligence.
The increasing adoption of organic growth strategies such as product launch among key market players is expected to drive market growth over the forecast period. For instance, in January 2021, Zyter Inc., a privately held company, announced the launch of Zyter Smart Hospitals, an intelligent end-to-end solution that connects hospital disparate data systems, departments, staff, and the latest Internet of Things (IoT) technology devices to Zyter's robust digital communication and collaboration platform.
Key features of the study:
- This report provides an in-depth analysis of the global smart hospitals market and provides market size (US$ Billion) and compound annual growth rate (CAGR) for the forecast period (2023–2030), considering 2022 as the base year
- It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrices for this market
- This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, market trends, regional outlook, and competitive strategies adopted by key players
- It profiles key players in the global smart hospitals market based on the following parameters–Company highlights, products portfolio, key highlights, financial performance, and strategies
- Key companies covered as a part of this study include Medtronic Plc, Koninklijke Philips N.V., GE Healthcare, Stanley Healthcare, Siemens Healthineers AG, Athenahealth, Allscripts Healthcare Solutions, Inc., Microsoft Corporation, SAP SE, Samsung Healthcare, Honeywell International Inc., Qualcomm Technologies, Inc., Itrex Group, CitiusTech Inc., and TERSO SOLUTIONS, INC.,
- Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics
- Global smart hospitals market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts
- Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global smart hospitals market
- By Component:
- Hardware
- Software System
- Services
- By Technology:
- Cloud Computing
- Artificial Intelligence
- Wearable Technologies
- Radio Frequencies Identification
- Others
- By Application:
- Remote Medicine Management
- Medical Connected Imaging
- Medical Assistance
- Electronic Health Record
- Outpatient Vigilance
- By Connectivity:
- Wired
- Wireless
- By Region:
- North America
- Latin America
- Europe
- Asia Pacific
- Middle East
- Africa
- Company Profiles
- Medtronic Plc
- Koninklijke Philips N.V.
- GE Healthcare
- Stanley Healthcare
- Siemens Healthineers AG
- Athenahealth
- Allscripts Healthcare Solutions, Inc.
- Microsoft Corporation
- SAP SE
- Samsung Healthcare
- Honeywell International Inc.
- Qualcomm Technologies, Inc.
- Itrex Group
- CitiusTech Inc.
- TERSO SOLUTIONS, INC.,
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