Global Smart Hospitals Market Analysis, Drivers, Restraints, Opportunities, Threats, Trends, Applications, and Growth Forecast to 2027

Global Smart Hospitals Market Overview:

“The global Smart Hospitals Market size is expected to be worth around US$ xx Billion by 2021 from US$ X.xx million in 2031, growing at a CAGR of X.x% during the forecast period 2021 to 2031.”

The report offers insightful and detailed information regarding the various key players operating in the market, their financials, supply chain trends, technological innovations, key developments, apart from future strategies, acquisitions & mergers, and market footprint. The global Smart Hospitals market report has been segmented on the basis of component, product, application, and region

This report is based on synthesis, analysis, and interpretation of information gathered regarding the target market from various sources. Our analysts have analyzed the information and data and gained insights using a mix of primary and secondary research efforts with the primary objective to provide a holistic view of the market. In addition, an in-house study has been made of the global economic conditions and other economic indicators and factors to assess their respective impact on the market historically, as well as the current impact in order to make informed forecasts about the scenarios in future.

Smart hospital is a place where technology and design converge, in order to enhance patient care. At smart hospitals facilities structural and operational safety are linked with green interventions, at a reasonable cost-to-benefit ratio. Internet of Things is impacting the healthcare field in a positive way by completely building platform for applications, devices and people to interact and connect with each other in delivering and availing benefits of healthcare solutions, creating a major impact on global healthcare systems.

Key driver of the global smart hospitals market is increasing incidence and prevalence rate of chronic diseases across the globe. In addition, rising per capita income, rapid urbanization, increased healthcare expenditure are the factors anticipated to propel growth of the global smart hospitals market. Further, an increasing machine learning, artificial intelligence, cloud computing services, RFID and rising demand for healthcare services fuels the growth of the global smart hospitals market. However, inadequate of governance standards and lack of competence in deploying IoT solutions in hospitals may hinder the growth of global smart hospitals market during the forecasted years to certain extent.

The smart hospital is an upcoming technological revolution in the health care industry. A large number of regional and global players are coming forward to invest in this market and this factor is a key driver for the tremendous growth of the global smart hospitals market.

Geographically, the smart hospitals market has been segmented into North America, Latin America, Europe, Asia Pacific, and Middle East & Africa. The market in North America is expected to dominate the global smart hospitals market, owing to incidence of chronic disease such as cancer, cardiovascular diseases, etc. in country in this region. In contrast, the market in Asia Pacific is expected to be an emerging market for smart hospitals and is expected to register highest CAGR in during the forecasted period, owing to increasing awareness of healthcare and modernization of health care infrastructure in the region.

GLOBAL SMART HOSPITALS MARKET SEGMENTATION:

Segmentation by component:

• Hardware
• Software
• Service

Segmentation by product:

• Smart Pill
• mHealth
• Telemedicine
• Electronic Health Record

 Segmentation by application:

• Remote Medicine Management
• Medical Assistance
• Medical Connected Imaging

• Others (including Electronic Health Record & Clinical Workflow, etc.)

 Segmentation by region:

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East & Africa