The Smart Hospital Global Market Report 2024 by The Business Research Company provides market overview across 60+ geographies in the seven regions - Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033).
Learn More On The Smart Hospital Market:
https://www.thebusinessresearchcompany.com/report/smart-hospital-global-market-report
According to The Business Research Company’s Smart Hospital Global Market Report 2024, The smart hospital market size has grown exponentially in recent years. It will grow from $47.91 billion in 2023 to $58.58 billion in 2024 at a compound annual growth rate (CAGR) of 22.3%. The growth in the historic period can be attributed to rise in patient safety initiatives, demand for integrated healthcare solutions, workforce shortages, digital transformation initiatives, increasing regulatory mandates..
The smart hospital market size is expected to see exponential growth in the next few years. It will grow to $129.15 billion in 2028 at a compound annual growth rate (CAGR) of 21.9%. The growth in the forecast period can be attributed to focus on preventive care, demand for real-time data, the proliferation of iomt devices, rising healthcare costs, rise in aging population. Major trends in the forecast period include telemedicine and remote patient monitoring, ai and machine learning applications, healthcare iot security, wearable health devices, smart hospital infrastructure.
Increasing penetration of connected devices and instruments in hospitals is expected to propel the growth of the smart hospital market going forward. Connected devices and instruments in hospitals refer to the network of internet-connected medical devices used in hospitals to capture more data across more business and medical practices. The increasing penetration of connected devices and instruments in hospitals plays a pivotal role in the development of smart hospitals by enabling enhanced patient care, operational efficiency, and data-driven decision-making. For instance, in October 2023, according to the Food and Drug Administration, a US-based federal agency, The FDA has updated the list of artificial intelligence (AI) and machine learning (ML)-enabled medical devices marketed in the United States, with 171 devices added as of October 2023. This represents a significant increase compared to the previous year, with the number of AI/ML-enabled devices expected to grow by 30% or more. Therefore, increasing penetration of connected devices and instruments in hospitals is driving the growth of the smart hospitals market.
Get A Free Sample Of The Report (Includes Graphs And Tables):
https://www.thebusinessresearchcompany.com/sample.aspx?id=13734&type=smp
The smart hospital market covered in this report is segmented –
1) By Component: Hardware, Software Sysytem, Services
2) By Technology: Cloud Computing, Artificial Intelligence, Wearable Technologies, Radio Frequencies Identification, Other Technologies
3) By Connectivity: Wired, Wireless
4) By Application: Remote Medicine Management, Medical Connected Imaging, Medical Assistance, Electronic Health Record, Outpatient Vigilance
Top Major Players
Apple Inc.
Alphabet Inc.
Microsoft Corporation
AT&T Inc.
Intel Corporation
Major companies operating in the smart hospitals market are focusing on strategic partnerships to develop smart hospital solutions. A strategic partnership is a collaborative relationship formed between two or more entities (typically businesses) with the aim of achieving mutually beneficial goals. For instance, in March 2023, LifeSigns, a US-based health-tech start-up, partnered with Amala Hospital, an Indian-based provider of orthopedic treatments and therapeutic services, to launch a smart ward. This smart ward utilizes LifeSigns' iMS technology, which features wearable wireless sensors for continuous patient monitoring. This eliminates the need for traditional wired systems, offering comfort and improving data collection.
The smart hospital market report table of contents includes:
1. Executive Summary
2. Smart Hospital Market Characteristics
3. Smart Hospital Market Trends And Strategies
4. Smart Hospital Market - Macro Economic Scenario
5. Global Smart Hospital Market Size and Growth
......................
32. Global Smart Hospital Market Competitive Benchmarking
33. Global Smart Hospital Market Competitive Dashboard
34. Key Mergers And Acquisitions In The Smart Hospital Market
35. Smart Hospital Market Future Outlook and Potential Analysis
36. Appendix
Contact Us:
The Business Research Company
Europe: +44 207 1930 708
Asia: +91 88972 63534
Americas: +1 315 623 0293
Email: [email protected]
Follow Us On:
LinkedIn: https://in.linkedin.com/company/the-business-research-company
Twitter: https://twitter.com/tbrc_info
Facebook: https://www.facebook.com/TheBusinessResearchCompany
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ
Blog: https://blog.tbrc.info/
Healthcare Blog: https://healthcareresearchreports.com/
Global Market Model: https://www.thebusinessresearchcompany.com/global-market-model
Market SnapshotIt is projected that global smart hospitals market will surge at a compound annual growth rate of 21.5% between 2018 and 2025.
Factors such as growing need for cost-effective medical services, rapid integration of IoT in healthcare and increased focus on development of healthcare solution that are future ready are expected the support the growth of the market during the forecast period.Get Free Sample of Report @ https://www.marketresearchfuture.com/sample_request/4505SynopsisThis MRFR report offers a holistic overview of the global smart hospital market along with a seven-year (2018-2025) revenue analysis.
All the micro and macroeconomic factors that are likely to influence the market are mentioned in the report.
The report also covers a revenue analysis based on different types of smart hospitals such as super-specialty, specialty and general service.
Major application areas for smart hospitals mentioned in the report are electronic health record and clinic workflow, medical connected imaging, remote medicine management, outpatient vigilance and medical assistance.Key PlayersThe prominent players in the global Smart Hospital Market 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 SegmentationFor the scope of the research, MRFR’s report offers a comprehensive segmental analysis of the global market for smart hospitalBy TypeGeneral ServicesSpecialtySuper-SpecialtyBy ApplicationElectronic health record and clinic workflowRemote medicine managementMedical connected imagingOutpatient vigilanceMedical assistanceBy RegionNorth AmericaEuropeAsia PacificThe Middle East & Africa (MEA)Latin AmericaRegional 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.
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.
