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Smart Hospitals Market Analysis 2020 - Segmentation, Top Leaders and Regional Forecast 2023

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

Market Snapshot

The Smart Hospitals Market Analysis is predicted to garner USD 62 billion during the forecast period (2017-2023). The Smart Hospitals Market Analysis is presumed to capture 25% CAGR owing to the technological advancements, asserts Market Research Future (MRFR). Smart hospitals are referred to as medical settings which are equipped with advanced software and devices in order to reduce the reduce the workload besides minimizing the cost associated with the procedures required in a hospital. Smart hospitals highly depend on artificial intelligence (AI) and internet of things (IoT). It is a technological revolution in the healthcare sector which make use of electronic patient records and streamlining process which reduces the risk of health by improving the quality of life and well-being of the people.

Drivers and Constraints Impacting the Market

With growing demand for cloud computing in smart hospitals, the Smart Hospitals Market Analysis has evolved during the assessment period. Smart hospitals offer complete information of lifecycle of the patients which is stored securely in the cloud and is accessible to the doctors, patient, and pharmacy staff. They also use wearable devices at wide range as they enable to get notified in case the patient is experiencing an asthma situation, journaling, displays, treatment plans, and others. It also tracks and provides information on treating symptoms. Such factors are considered to augment the Smart Hospitals Market Analysis growth during the assessment period.

With accelerating technological advancements in the healthcare sector and increasing need for cost-effective solutions are some of the major factors stimulating the market growth during the appraisal period. Additionally, the growing investments in the healthcare sector, especially in the developing countries are further creating lucrative opportunities in the market across the globe. Moreover, the increasing penetration of instruments and connected devices in hospitals and advancements in the healthcare infrastructure are some of the other major factors contributing to the market growth.

On the flip side, lack of governance standards coupled with lack of competence in deploying IoT solutions in the hospitals is considered to dampen the market growth in the coming years.

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Global Smart Hospital Market – Segments

For ease of understanding, the analysis has been segmented into three key dynamics:

  • By Type : General Services, Specialty, and Super-Specialty
  • By Application: Electronic Health Record (HER) and Clinic Workflow, Remote Medicine Management, Medical Connected Imaging, Outpatient Vigilance, and Medical Assistance, among others.
  • By Regions: North America, Asia Pacific, Europe, and the Rest-of-the-World.

Regional Analysis:

On the basis of region, the global smart hospital market is segmented into North America, Europe, Asia Pacific (APAC), the Middle East & Africa (MEA) and Latin America. North America is expected to spearhead the global smart hospital market during the forecast period. The region currently accounts for close to 38% share of the global market. The market in North America is expected to reach a valuation of more than USD 28, 700 Mn by the year 2025, reflecting a CAGR of 21.1%.

During the forecast period, lucrative opportunities are expected to arise from fast-developing countries is Asia Pacific. The APAC smart hospital market is set to exhibit a double-digit CAGR of 25.8% till 2025. Countries such as China and India are witnessing a rapid expansion of the healthcare sector, which is proving an impetus to the smart hospital market in these countries.

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.

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TABLE OF CONTENTS

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)

Table 10 Us Smart Hospital Market, By Application, 2017-2025 (Usd Million)

Table 11 Canada Smart Hospital Market, By Type, 2017-2025 (Usd Million)

Table 12 Canada Smart Hospital Market, By Application, 2017-2025 (Usd Million)

Table 13 Mexico Smart Hospital Market, By Type, 2017-2025 (Usd Million)

Table 14 Mexico Smart Hospital Market, By Application, 2017-2025 (Usd Million)

Table 15 Europe Smart Hospital Market, By Country, 2017-2025(Usd Million)

Table 16 Europe Smart Hospital Market, By Type, 2017-2025(Usd Million)

Table 17 Europe Smart Hospital Market, By Application, 2017-2025(Usd Million)

Table 18 Germany Smart Hospital Market, By Type, 2017-2025 (Usd Million)

Table 19 Germany Smart Hospital Market, By Application, 2017-2025 (Usd Million)

Continued…

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