The global smart hospitals market exhibited strong growth during 2015-2020. Looking forward, IMARC Group expects the market to grow at a CAGR of around 22% during 2021-2026. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic on different end-use sectors. These insights are included in the report as a major market contributor.
A smart hospital refers to a medical facility that relies on automated processes that utilize digitally integrated information management systems to enhance existing patient care procedures. It offers numerous valuable services to attain better clinical outcomes, improve the supply chain efficiency, and optimize the delivery of healthcare services. Furthermore, smart hospitals also aid in medical connected imaging, telemedicine, outpatient vigilance and in minimizing the errors related to electronic medical records (EMR), laboratory information systems, computerized physicians order entry, pharmacy information systems.
The continuous upgradation of existing healthcare infrastructures for enhanced patient health management is primarily driving the market for smart hospitals. Furthermore, a significant growth in the healthcare information technology (IT) sector along with the increasing penetration of automated medical procedures is also bolstering the market growth. The elevating levels of urbanization and increasing consumer expenditures on high-end medical care are further propelling the market growth. Moreover, the growing awareness towards numerous benefits of smart hospitals in providing efficient workflow, streamlined operations, and improved storage of patient data, is accelerating their demand worldwide. In line with this, the increasing geriatric population, who are more prone to serious medical conditions, is catalyzing the need for live and active monitoring of health conditions via smart healthcare platforms. With the sudden outbreak of the COVID-19 pandemic, the virtual care systems are being rapidly adopted for remote patient monitoring and telemedicine services, which is further driving the industry growth. Moreover, the rising integration of smart hospitals with various advanced technologies, such as AI, cloud computing, radiology information systems (RIS), Big Data, Picture Archiving and Communication System (PACS), etc., is expected to drive the market in the coming years.
IMARC Group provides an analysis of the key trends in each sub-segment of the global smart hospitals market report, along with forecasts for growth at the global, regional and country level from 2021-2026. Our report has categorized the market based on region, component, product, service offered, connectivity, technology and application.
Breakup by Component:
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Breakup by Service Offered:
Breakup by Connectivity:
Breakup by Technology:
Breakup by Application:
Breakup by Region:
The competitive landscape of the industry has also been examined with some of the key players being 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) and STANLEY Healthcare (Stanley Black & Decker Inc.).
|Base Year of the Analysis||2020|
|Segment Coverage||Component, Product, Service Offered, Connectivity, Technology, Application, Region|
|Region Covered||Asia Pacific, Europe, North America, Latin America, Middle East and Africa|
|Countries Covered||United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico, Turkey, Saudi Arabia|
|Companies Covered||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) and STANLEY Healthcare (Stanley Black & Decker Inc.).|
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