Smart Hospitals Market Overview:
Global Smart Hospitals Market are under tremendous pressure today while facing depreciating factors, such as operational cost pressures while serving a rapidly increasing aging population suffering from chronic lifestyle diseases. Thus, hospitals are looking to explore ways to improve their productivity and efficiency, aiming to reduce operational costs and boost profit margins. The global smart hospital market is expected to grow at 23.8% CAGR during the forecast study period.
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The Major Players Covered in this Report: Medtronic (Ireland), Philips (Netherlands), GE Healthcare (U.S.), Alphabet Inc (Google), Siemens AG (Germany), Qualcomm Life (U.S.), Allengers (India), SAMSUNG (South Korea), Renesas Electronics Corporation (Japan), Microsoft (U.S.), Allscripts (U.S.), CitiusTech Inc. (U.S.), PhysIQ (U.S.), Diabetizer (Germany), & more…
Smart Hospitals Market Segmentation:
- System and Software
- Technology andServices
- Smart Pill
- Electronic Health Record
By Artificial Intelligence
- Remote Medicine Management
- Medical Assistance
- Medical Connected Imaging
- Electronic Health Record and Clinical Workflow
Years that have been considered for the study of this report are as follows:
- History Year: 2015-2019
- Base Year: 2019
- Estimated Year: 2020
- Forecast Year: 2021 to 2029
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Growing Domestic Demand and Expanding Pharmaceutical Sector to Drive the Demand for Smart Hospitals in the APAC Region:
Asia-Pacific region is anticipated to hold the largest market share in the global Smart Hospitals market during the forecast period 2020-2026. The growth in this region can be attributed to the presence of emerging economies like India, China, Japan, Vietnam, and Indonesia, which account for the largest share in this region. India is one of the largest producers of Smart Hospitals and a major exporter of the product to various countries across the globe. India accounts for around 80% of the world’s exports of Smart Hospitals. The favorable climatic conditions and growth of agricultural inputs and allied services like cold storage and warehousing in India are prompting higher production.
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TABLES AND FIGURES:
List Of Tables:
TABLE 1 Smart Hospitals Market Share, by Component, 2017–2029 (USD Million)
TABLE 2 Hardware Market Share, by Region, 2017–2029 (USD Million)
TABLE 3 System & SoftwareMarket Share, by Region, 2017–2029 (USD Million)
TABLE 4 Global Smart Hospitals Market Share, byProduct, 2017–2029 (USD Million)
TABLE 5 Smart Pill Market Share, by Region, 2017–2029 (USD Million)
- In August 2020, the Indian government under National Digital Health Blueprint aimed at using technology to improve healthcare delivery across the country has launched an initiative to introduce health ID cards for citizens all across the nation.
- In September 2020, Science 37, the U.S. based clinical research Company, has launched Integrated Electronic Health Records that patients using Science 37’s technology platform can now connect their health record directly, thus eliminating paper documentation and streamlining information sharing across platforms.
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