Global Smart Hospital Industry Research Report, Market Analysis, Market Overview- Ken Research
It has been observed that, with the growth in population and transformation in the technology of hospital, the market of smart hospital has demonstrated an effective market growth increasingly around the globe in the recent years. The smart hospital is an advanced technological development in the industry of healthcare which maintains a vast amount of available data and integrates numerous hospital delivery apparatuses. It creates an effective utilization of the electronic patient’s proceedings and streamlining procedures, which lead to developed quality of life by decreasing the risks to health and developing the general well-being of people. Smart health care delivers more patient-centric services that develop admittance to healthcare and are personalised to individual patients’ requirements. Additionally, the key players of this market are playing an important role by dominating the highest market share across the globe with the better customer services and huge capital investment in the development programs related to the technologies which further proved to be beneficial for leading the fastest market growth in the near future.
According to the report analysis, ‘Global Smart Hospital Market (2018-2023)’ states that there are several key players which are presently functioning in this sector more effectively with the significant development in the advancement in the technology and by adopting the efficient strategies and policies includes Medtronics, Philips, Microsoft, GE Healthcare, Qualcomm, SAP, Stanley Healthcare, Cerner Corporation, McKesson, Siemens and several others. Moreover, the key players of this market across the globe are investigating and analysing the key strength of the competitors for leading across the globe and accounting the handsome amount of share globally. According to research, the global market of smart hospital is anticipated to have an effective compounded annual growth rate (CAGR) of 23.29% and reach a market size of USD 55.76 Billion by 2023.
Additionally, the focused key players of this market are developing the techniques of doing work more effectively and establishing new and innovated technology for attaining the highest market share around the globe more significantly which become beneficial for leading the fastest market growth during the forecasted period. Hence, the market of this is spread across the globe which majorly includes North America, Europe, Asia-Pacific, Latin America, and The Middle East and Africa. Not only has this, it is expected that the region of North America and Asia Pacific dominated the fair amount of market share more efficiently.
The global market of smart hospital is segmented on the basis of products which mainly include smart pills, mHealth, telemedicine, electronic health record and several others. In addition, based on the application, market is divided into remote medicine management, electronic health record and clinical workflow, outpatient vigilance, medical connected imaging, and medical assistance. Furthermore, the market is bifurcated into artificial intelligence which involves technology and offering. Whereas, the technologies utilized are AI, cloud computing, radio frequencies identification, wearable technologies, zigbee technologies, Internet of Things (IoT) and several others. Hence, it is expected that in the near future the global market of smart hospital will increase more significantly over the recent few years.
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Ankur Gupta, Head Marketing & Communications