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Smart Hospital Market 2020 Latest Innovations, Analysis, Top Leaders and Forecast 2023

Market Research Future published a research report on “Smart Hospital Market Research Report- Global Forecast 2023” – Market Analysis, Scope, Stake, Progress, Trends and Forecast to 2023.

Market Snapshot

Market Research Future (MRFR), in its newest “Smart Hospital Market” report, reveals that worldwide market of smart hospital is expected to thrive at a lucrative CAGR of 21.5% during the evaluation period of 2018-2025. MRFR recorded that the global market of smart hospital valued USD 16,519.8 Mn in 2017. The rising demand for reliable, more effective, and affordable medical solutions among patients is expected to a major contributing factor to the increase in the smart hospital market size. The worldwide Smart Hospital Market is expected to value at USD 77,299.6 Mn by 2025.

The need to simplify hospital procedures from appointment to discharge to offer a seamless overall experience of patients and people associated with them. This is expected to promote the worldwide smart hospital market growth. Modern technologies, such as big data, artificial intelligence, internet of things, and cloud analytics are observed to make remarkable contribution for effective and smooth functioning of smart hospitals. Hence, the adoption of latest technology is expected to push the growth of the global smart hospital market. The growing requirement to improve internal environment of hospitals can also improve the health of the smart hospital market. An increase in investing to deploy advanced heavy technologies to transform traditional hospitals into smart hospitals is also likely to boost the expansion of the market. Alongside, the growing focus on the upgradation of hospitals and builders concentrating on incorporating new facilities is expected to foster trust of patient and their families, which, in turn, can impel the growth of the global smart hospital market. The growing need for effective and reliable medical infrastructure is promoting the incorporation of RFID technology, wireless communication, sensor network technology, and embedded technology in smart hospitals that can help the healthcare industry reap the benefits of increased security and reliability.

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Key Players

The prominent players in the Smart Hospitals Market Analysis are – Siemens AG (Germany), Qualcomm Life Inc. (US), Athenahealth Inc. (U.S), SAP SE (Germany), Microsoft Corporation (U.S), Cerner Corporation (U.S), Stanley Healthcare (US), Oracle Corporation (US), SAMSUNG Group (South Korea), Philips N.V (Netherlands), GE Healthcare (US) among others.

Global Smart Hospital Market: Segmental Analysis

The global smart hospital market has been segmented on the basis of components, connectivity, technology, application, and region.

  • By mode of component, the global smart hospital market has been segmented into software, hardware, service, and others. Among these, the hardware segment is considered to be the most lucrative segment during the appraisal period owing to the extensive use of hardware in the hospital settings. Hardware devices used in hospitals are implanted, wearable, and other stationary devices. The increased usage of such devices is anticipated to drive the growth of the smart hospitals market.
  • By mode of technology, the global smart hospital market has been segmented into cloud computing, artificial intelligence, wearable technologies, radio frequencies identification, internet of things, ZigBee technologies, and others.
  • By mode of connectivity, the global smart hospital market has been segmented into wired, wireless and others. Among these, the wireless segment accounts for the largest market share during the appraisal period. Wireless segment comprises devices like RFID, Wi-Fi, Bluetooth, and others. Such devices are used in hospitals for easing the clinical workflow along with reducing the cost of treatment and diagnosis purposes.
  • By mode of application, the global smart hospital market has been segmented into remote medicine management, outpatient vigilance, medical connected imaging, medical assistance, electronic health record & clinical workflow, and others.

Regional Insights

Geographically, the smart hospital market span across regions namely, North America, Asia Pacific, Europe and Rest-of-the-World (RoW).

Among all the regions, North America is considered one of the leading regions in terms of market share as the smart hospital rooms are incorporated with sensors that measure temperature, heart rate, light, humidity, and others. The smart hospitals in this region are gaining huge prominence owing to the number of technologies used for the treatment of the patients at a very low cost.

Asia-Pacific countries such as Japan, China, and India are considered to be emerging markets for smart hospital and is anticipated to experience the highest CAGR during the assessment period as the companies are taking an interest in targeting the smart hospital in order to meet the requirement of the customers.

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Table 1 Market Synopsis

Table 2 List Of Assumptions

Table 3 Global Smart Hospital Market, By Type, 2017-2025 (Usd Million)

Table 4 Global Smart Hospital Market, By Application, 2017-2025 (Usd Million)

Table 5 Global Smart Hospital Market, By Region, 2017-2025 (Usd Million)

Table 6 North America Smart Hospital Market, By Country, 2017-2025 (Usd Million)

Table 7 North America Smart Hospital Market, By Type, 2017-2025 (Usd Million)

Table 8 North America Smart Hospital Market, By Application, 2017-2025 (Usd Million)

Table 9 Us Smart Hospital Market, By Type, 2017-2025 (Usd Million)


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