Smart Hospitals Market Growth, Demand and Challenges of the Key Industry Players 2027

Author: Elena Anderson

Marketing Manager

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Global Smart Hospitals Market Research Report 2022-2027:

According to the latest report by IMARC Group, titled " Smart Hospitals Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 202 2-2027

," The global smart hospitals market is expected to exhibit a CAGR of 17.3% during 2022-2027.

A smart hospital refers to an interconnected ecosystem that uses a range of integrated hardware and software systems to systematically address various clinical operations. It employs wired and wireless technologies, including data analytics, artificial intelligence (AI), and the Internet of Things (IoT) solutions. These devices streamline, automate and optimize patient care, revenue cycle management, clinical workflow, and communication channels amongst doctors, patients, and nurses. Apart from this, smart hospitals aid in developing cognitive care systems, enhancing supply chain efficiency, delivering insightful data to stakeholders for making complex decisions, computerizing physicians' order entry, and mitigating electronic medical records (EMR) errors. As a result, the smart hospital framework is extensively deployed in the healthcare sector to offer better clinical outcomes and reduce workload.

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Global Smart Hospitals Market Trends:

One of the prime factors currently driving the market is the increasing need for IoT integrated solutions in the healthcare infrastructure to optimize various clinical procedures, workflow efficiency, and improve patient health management. Additionally, the increasing prevalence of several chronic disorders and the rising awareness amongst healthcare practitioners regarding the multiple smart hospital benefits, including improved patient data storage and streamlined operations, are acting as another growthinducing factor.

In line with this, the advent of artificial intelligence (AI), cloud computing, picture archiving and communication systems (PACS), and big data solutions and their integration with radio frequency identification (RFID), Zigbee, and near field communication (NFC) solutions is contributing to the market growth. Moreover, the implementation of nationwide lockdown by governments, owing to the COVID19 pandemic, has facilitated the widespread adoption of remote patient monitoring services, such as mHealth, to provide digital assistance to patient from remote areas, which in turn, is supporting the product demand.

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Other factors, such as the substantial improvement in the healthcare infrastructure, ongoing research and development (R&D) activities, and strategic collaborations amongst key players to engineer different technologies for augmenting hospital services, are positively stimulating the market growth.

View Report TOC, Figures and Tables: https://www.imarcgroup.com/smart-hospitals-market

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Key Market Segmentation

The research report includes the following segments:

Breakup by Component Type:

• 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

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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

Breakup by Region:

• North America

• Asia Pacific

• Europe

• Latin America

• Middle East and Africa

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Competitive Landscape with Key Players:

• 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.)

1. How has the global smart hospitals market performed so far and how will it perform in the coming years?

2. What has been the impact of COVID-19 on the global smart hospitals market?

3. What are the key regional markets?

4. What is the breakup of the market based on the component?

5. What is the breakup of the market based on the product?

6. What is the breakup of the market based on the service offered?

7. What is the breakup of the market based on the connectivity?

8. What is the breakup of the market based on the technology?

9. What is the breakup of the market based on the application?

10. What are the various stages in the value chain of the industry?

11. What are the key driving factors and challenges in the industry?

12. What is the structure of the global smart hospitals market and who are the key players?

13. What is the degree of competition in the industry?

Click here to visit the complete table of content with list of figures and tables: https://www.imarcgroup.com/smart-hospitals-market/toc

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