Smart Hospital Market - Opportunities & Forecast, 2019-2026

Posted September 22, 2020 by shaqibakram

The major key factors contributing to the market growth includes cloud-based computing services and data storage.....

Smart Hospital is a hospital that depends on automated and optimised process based on an ICT environment of interconnected devices and assets, explicitly based on Internet of things (IoT), to enhance existing patient care solution and launch new capabilities. The global Smart Hospital market was valued at USD 22.2 billion in 2018, and is projected to reach USD 83.1 billion by 2026, growing at a CAGR of 18.0% during 2019-2026.

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The major key factors contributing to the market growth includes cloud-based computing services and data storage, RFID (Radio Frequency Identification), Machine Learning, Artificial intelligence penetration in healthcare and others. Moreover, Governments ’programs and initiatives for the introduction and implementation of IT solutions and services in today’s healthcare system, increased government spending on hospitals and healthcare system, growing awareness in the patients regarding technology and increased number of skilled IT experts are major factors favouring the adoption of healthcare IT solutions in the emerging markets across the globe.

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Various notable players operating in global Smart Hospital market include Siemens AG, Microsoft Corporation, SAP SE, SAMSUNG Group, Qualcomm Life, Inc, Stanley Healthcare, Intel Corporation, Medtronic, Philips N.V, Cerner Corporation among others.

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The Global Smart Hospital Market has been segmented on the basis of application, connectivity, component type and key geographies. Based on application type, the market comprises of Remote Medicine Management, Electronic Health Record & Clinical Workflow, Outpatient Vigilance, Medical Connected Imaging, Medical Assistance. The Connectivity includes Wired and Wireless. The component type includes Hardware and Software & Services.

Key questions answered in this research report:

At what pace is the Smart Hospital market growing worldwide?
What will be the growth trend in future? What are the key drivers and restraints in the current market?
What will be the impact of drivers and restraints in the coming years? What is the regional revenue and forecast breakdowns?
Which are the major regional revenue pockets for growth in global Smart Hospital market?
What are the various application areas and how they are poised to grow?

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Last Updated September 22, 2020