INDUSTRY OVERVIEW
The Smart Hospital is Growing at 20.00% and is expected to reach 150Billion by 2031. Below mentioned are some of the dynamics shaping the Smart Hospital .Smart Hospital Market Size in (USD Billion) CAGR Growth Rate 20.00%
| Study Period | 2019-2031 |
| Market Size (2023): | 60Billion |
| Market Size (2031): | 150Billion |
| CAGR (2023 - 2031): | 20.00% |
| Fastest Growing Region | North America |
| Dominating Region | North America |
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The hospitals all around the world are presently under very tremendous pressure and are also facing factors like reimbursements and cost pressures, during the process of serving a highly aging population that is suffering from chronic diseases. Hospitals are now seeking ways to improve productivity and efficiency, so as to reduce the operational costs and thereby, improving the margins. While most of the hospitals are busy achieving this, the patient is also evolving to be a consumer, whose needs and preferences are needed to be addressed for achieving an optimal ‘customer satisfaction’. Naturally, the hospitals visualize digital technologies as one of the solutions. But just doing the implementations don’t necessarily aid in achieving the purpose. Digitization trends also have a very high impact on the hospitals, and certainly, digital hospitals nowadays are also emerging. The term smart hospitals refer to those that optimize and sometimes even redesign the new clinical processes, infrastructure, and management systems which is hence enabled by the underlying digitized networking infrastructure of all the interconnected assets, so as to provide a highly valuable service or insight that was not possible or available during earlier times, to attain better patient care, operational efficiency, and experience. The most critical component for these smart hospitals is the capability to provide a much valuable service of insight that was simply not feasible or available earlier. This is what helps in making the hospital take a step further from just being digital, and henceforth making it truly smart. Simply by digitizing, or making the hospital works paperless is just not sufficient. The current implementations of the digital solutions in the hospitals have marked their steps in their journey of becoming smart.
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Market Drivers:
The key drivers in the market include technological advancements, increasing demand by consumers for innovative products, and government-friendly policies. Our research company combines industry reports with expert interviews and market analysis tools to identify and quantify drivers such as these. We review the current trends and gather data from leading industry publications and market research firms to decipher exactly how these and other factors are encouraging or dampening market growth.
- Upsurging Need For Safety And Security Systems
Market Restraints:
Some of the restraints to market growth may include regulatory challenges, high production costs, and disruptions in the supply chain. Our sources for these limitations include the regulation filings, industry surveys, and direct contributions from active participants within this marketplace. Tracking policy updates and economic reports further helps us to determine what kind of effect these factors have on the industry.
- Integration With Legacy Systems
Trends in the Market:
Among the trending ones are sustainability, digital transformation, and increasing importance of data analytics. Our research company is tracking these trends through the use of trend analysis tools, social media sentiment analysis, and industry benchmarking studies. Insights in emerging market preferences and technological advancements also come from surveys and focus groups.
- Patient-centered care
These include emerging markets, innovation in product development, and strategic partnerships. We identify these opportunities by performing market segmentation analysis, competitive landscape assessment, and investment trend evaluation. The data is collected based on industry reports, financial performance analysis for major players, and forecasting models for identifying future growth areas.
- Increasing Awareness About Environmental Concerns And Green Building Construction
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Regulation Shaping the Healthcare Industry
The healthcare industry is significantly influenced by a complex framework of regulations designed to ensure patient safety, efficacy of treatments, and the overall quality of care. Key regulatory areas include drug approval processes, medical device standards, and healthcare data protection. These regulations aim to maintain high standards for clinical practices and safeguard public health.Major Regulatory Bodies Worldwide
1. U.S. Food and Drug Administration (FDA): In the United States, the FDA is a pivotal regulatory authority overseeing the approval and monitoring of pharmaceuticals, medical devices, and biologics. The FDA sets stringent standards for product safety and efficacy, which significantly impacts market entry and ongoing compliance for healthcare companies.2. European Medicines Agency (EMA): The EMA plays a crucial role in the European Union, evaluating and supervising medicinal products. It provides centralized approval for drugs and ensures that products meet rigorous safety and efficacy standards across member states.
3. Health Canada: This agency regulates pharmaceuticals and medical devices in Canada, ensuring that products are safe, effective, and of high quality. Health Canada's regulations are aligned with international standards but tailored to meet national health needs.
4. World Health Organization (WHO): While not a regulatory body in the traditional sense, the WHO sets international health standards and provides guidelines that influence national regulatory frameworks. It plays a key role in global health policy and emergency response.
5. National Medical Products Administration (NMPA): In China, the NMPA regulates the approval and supervision of drugs and medical devices, with an increasing focus on aligning with global standards and facilitating market access.
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SWOT Analysis in the Healthcare Industry
SWOT analysis in the healthcare industry involves a structured assessment of Strengths, Weaknesses, Opportunities, and Threats to identify strategic advantages and areas for improvement.• Strengths: Evaluates internal factors such as advanced technology, skilled personnel, and strong brand reputation. For example, a hospital with cutting-edge medical equipment and specialized staff is considered to have a strong competitive edge.
• Weaknesses: Identifies internal limitations like outdated facilities, regulatory compliance issues, or high operational costs. Weaknesses could include inefficient processes or lack of innovation.
• Opportunities: Assesses external factors that could drive growth, such as emerging medical technologies, expanding markets, or favorable government policies. Opportunities might involve partnerships or new service lines.
• Threats: Examines external challenges such as increasing competition, changing regulations, or economic downturns. Threats might include new entrants with disruptive technologies or stricter regulatory requirements.
Market Segmentation
Segmentation by Type
- Smart beds
- Wearable devices
- Patient monitoring systems
- AI diagnostics
Smart Hospital Market Segmentation by Type
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Segmentation by Application
- Healthcare providers
- Hospitals
- Research institutions
Smart Hospital Market Segmentation by Application
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Regional Outlook
The North America currently holds a significant share of the market, primarily due to several key factors: increasing consumption rates, a burgeoning population, and robust economic momentum. These elements collectively drive demand, positioning this region as a leader in the market. On the other hand, North America is rapidly emerging as the fastest-growing area within the industry. This remarkable growth can be attributed to swift infrastructure development, the expansion of various industrial sectors, and a marked increase in consumer demand. These dynamics make this region a crucial player in shaping future market growth. In our report, we cover a comprehensive analysis of the regions and countries, includingRegions
- North America
- LATAM
- West Europe
- Central & Eastern Europe
- Northern Europe
- Southern Europe
- East Asia
- Southeast Asia
- South Asia
- Central Asia
- Oceania
- MEA
Fastest Growing Region
North America
![North America dominates Smart Hospital Market [2019 to 2023]](https://www.htfmarketinsights.com/assets_n/img/region/continent/north_america_wn.png)
Dominating Region
North America
The company consistently allocates significant resources to expand its research capabilities, develop new medical technologies, and enhance its pharmaceutical portfolio. Johnson & Johnson's investments in R&D, coupled with strategic acquisitions and partnerships, reinforce its position as a major contributor to advancements in healthcare. This focus on innovation and market expansion underscores the critical importance of the North American region in the global healthcare landscape.
- Medtronic (Ireland)
- Philips (Netherlands)
- Microsoft Corporation (United States)
- GE Healthcare (United States)
- Qualcomm Life (United States)
- Honeywell Life Care Solutions (United States)
- SAP (Germany)
- Allscripts (United States)
- Allengers (India)
- Epic Systems (United States)
- GlucoVista (United States)
Smart Hospital Market Segmentation by Players
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Primary and Secondary Research
Primary research involves the collection of original data directly from sources in the healthcare industry. Approaches include the survey of health professionals, interviews with patients, focus groups, and clinical trials. This gives an overview of the current practice, the needs of the patient, and the interest in emerging trends. Firsthand information on the efficacy of new treatments, an assessment of market demand, and insight into changes in regulation can be sought only with primary research.Secondary Research: This is the investigation of existing information from a variety of sources, which may include industry reports, academic journals, government publications, and market research studies. Alfred secondary research empowers them to understand trends within industries, historical data, and competitive landscapes. It gives a wide view of the market dynamics and validates findings obtained from primary research. By combining both primary and secondary together, health organizations will be empowered to develop comprehensive strategies and make informed decisions based on a strong foundation built on data.
Report Infographics
|
Report Features |
Details |
|
Base Year |
2023 |
|
Based Year Market Size (2023) |
60Billion |
|
Historical Period |
2019 to 2023 |
|
CAGR (2023 to 2031) |
20.00% |
|
Forecast Period |
2023 to 2031 |
|
Forecasted Period Market Size (2031) |
150Billion |
|
Scope of the Report |
Smart beds, Wearable devices, Patient monitoring systems, AI diagnostics, Healthcare providers, Hospitals, Research institutions. Sales Channel |
|
Regions Covered |
North America, LATAM, West Europe,Central & Eastern Europe, Northern Europe, Southern Europe, East Asia, Southeast Asia, South Asia, Central Asia, Oceania, MEA |
|
Companies Covered |
Medtronic (Ireland), Philips (Netherlands), Microsoft Corporation (United States), GE Healthcare (United States), Qualcomm Life (United States), Honeywell Life Care Solutions (United States), SAP (Germany), Allscripts (United States), Allengers (India), Epic Systems (United States), GlucoVista (United States) |
|
Customization Scope |
15% Free Customization (For EG) |
|
Delivery Format |
PDF and Excel through Email |
Smart Hospital - Table of Contents
Chapter 1: Market Preface
- 1.1 Global Smart Hospital Market Landscape
- 1.2 Scope of the Study
- 1.3 Relevant Findings & Stakeholder Advantages
Chapter 2: Strategic Overview
- 2.1 Global Smart Hospital Market Outlook
- 2.2 Total Addressable Market versus Serviceable Market
- 2.3 Market Rivalry Projection
Chapter 3 : Global Smart Hospital Market Business Environment & Changing Dynamics
-
3.1 Growth Drivers
- 3.1.1 Upsurging Need for Safety and Security Systems
-
3.2 Available Opportunities
- 3.2.1 Increasing Awareness about Environmental Concerns and Green Building Construction
- 3.2.2 Increasing Demand for a Smart City Development
-
3.3 Influencing Trends
- 3.3.1 Patient-centered care
- 3.3.2 AI-driven healthcare
-
3.4 Challenges
- 3.4.1 Integration with legacy systems
- 3.4.2 Data privacy
- 3.5 Regional Dynamics
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Sectional Purchase
Chapter 4 : Global Smart Hospital Industry Factors Assessment
- 4.1 Current Scenario
- 4.2 PEST Analysis
- 4.3 Business Environment - PORTER 5-Forces Analysis
- 4.3.1 Supplier Leverage
- 4.3.2 Bargaining Power of Buyers
- 4.3.3 Threat of Substitutes
- 4.3.4 Threat from New Entrant
- 4.3.5 Market Competition Level
- 4.4 Roadmap of Smart Hospital Market
- 4.5 Impact of Macro-Economic Factors
- 4.6 Market Entry Strategies
- 4.7 Political and Regulatory Landscape
- 4.8 Supply Chain Analysis
- 4.9 Impact of Tariff War
Chapter 5: Smart Hospital : Competition Benchmarking & Performance Evaluation
- 5.1 Global Smart Hospital Market Concentration Ratio
- 5.1.1 CR4, CR8 and HH Index
- 5.1.2 % Market Share - Top 3
- 5.1.3 Market Holding by Top 5
- 5.2 Market Position of Manufacturers by Smart Hospital Revenue 2023
- 5.3 Global Smart Hospital Sales Volume by Manufacturers (2023)
- 5.4 BCG Matrix
- 5.4 Market Entropy
- 5.5 Heat Map Analysis
- 5.6 Strategic Group Analysis
Chapter 6: Global Smart Hospital Market: Company Profiles
- 6.1 Medtronic (Ireland)
- 6.1.1 Medtronic (Ireland) Company Overview
- 6.1.2 Medtronic (Ireland) Product/Service Portfolio & Specifications
- 6.1.3 Medtronic (Ireland) Key Financial Metrics
- 6.1.4 Medtronic (Ireland) SWOT Analysis
- 6.1.5 Medtronic (Ireland) Development Activities
- 6.2 Philips (Netherlands)
- 6.3 Microsoft Corporation (United States)
- 6.4 GE Healthcare (United States)
- 6.5 Qualcomm Life (United States)
- 6.6 Honeywell Life Care Solutions (United States)
- 6.7 SAP (Germany)
- 6.8 Allscripts (United States)
- 6.9 Allengers (India)
- 6.10 Epic Systems (United States)
- 6.11 GlucoVista (United States)
- 6.12 Siemens AG (Germany)
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Sectional Purchase
Chapter 7 : Global Smart Hospital by Type & Application (2019-2031)
-
7.1 Global Smart Hospital Market Revenue Analysis (USD Million) by Type (2019-2023)
- 7.1.1 Smart Beds
- 7.1.2 Wearable Devices
- 7.1.3 Patient Monitoring Systems
- 7.1.4 AI Diagnostics
- 7.1.5 Robotics
-
7.2 Global Smart Hospital Market Revenue Analysis (USD Million) by Application (2019-2023)
- 7.2.1 Healthcare Providers
- 7.2.2 Hospitals
- 7.2.3 Research Institutions
- 7.3 Global Smart Hospital Market Revenue Analysis (USD Million) by Type (2023-2031)
- 7.4 Global Smart Hospital Market Revenue Analysis (USD Million) by Application (2023-2031)
Chapter 8 : North America Smart Hospital Market Breakdown by Country, Type & Application
- 8.1 North America Smart Hospital Market by Country (USD Million) & Sales Volume (Units) [2019-2023]
- 8.1.1 United States
- 8.1.2 Canada
-
8.2 North America Smart Hospital Market by Type (USD Million) & Sales Volume (Units) [2019-2023]
- 8.2.1 Smart Beds
- 8.2.2 Wearable Devices
- 8.2.3 Patient Monitoring Systems
- 8.2.4 AI Diagnostics
- 8.2.5 Robotics
-
8.3 North America Smart Hospital Market by Application (USD Million) & Sales Volume (Units) [2019-2023]
- 8.3.1 Healthcare Providers
- 8.3.2 Hospitals
- 8.3.3 Research Institutions
- 8.4 North America Smart Hospital Market by Country (USD Million) & Sales Volume (Units) [2024-2031]
- 8.5 North America Smart Hospital Market by Type (USD Million) & Sales Volume (Units) [2024-2031]
- 8.6 North America Smart Hospital Market by Application (USD Million) & Sales Volume (Units) [2024-2031]
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Sectional Purchase
Chapter 9 : LATAM Smart Hospital Market Breakdown by Country, Type & Application
- 9.1 LATAM Smart Hospital Market by Country (USD Million) & Sales Volume (Units) [2019-2023]
- 9.1.1 Brazil
- 9.1.2 Argentina
- 9.1.3 Chile
- 9.1.4 Mexico
- 9.1.5 Rest of LATAM
-
9.2 LATAM Smart Hospital Market by Type (USD Million) & Sales Volume (Units) [2019-2023]
- 9.2.1 Smart Beds
- 9.2.2 Wearable Devices
- 9.2.3 Patient Monitoring Systems
- 9.2.4 AI Diagnostics
- 9.2.5 Robotics
-
9.3 LATAM Smart Hospital Market by Application (USD Million) & Sales Volume (Units) [2019-2023]
- 9.3.1 Healthcare Providers
- 9.3.2 Hospitals
- 9.3.3 Research Institutions
- 9.4 LATAM Smart Hospital Market by Country (USD Million) & Sales Volume (Units) [2024-2031]
- 9.5 LATAM Smart Hospital Market by Type (USD Million) & Sales Volume (Units) [2024-2031]
- 9.6 LATAM Smart Hospital Market by Application (USD Million) & Sales Volume (Units) [2024-2031]
Chapter 10 : West Europe Smart Hospital Market Breakdown by Country, Type & Application
- 10.1 West Europe Smart Hospital Market by Country (USD Million) & Sales Volume (Units) [2019-2023]
- 10.1.1 Germany
- 10.1.2 France
- 10.1.3 Benelux
- 10.1.4 Switzerland
- 10.1.5 Rest of West Europe
-
10.2 West Europe Smart Hospital Market by Type (USD Million) & Sales Volume (Units) [2019-2023]
- 10.2.1 Smart Beds
- 10.2.2 Wearable Devices
- 10.2.3 Patient Monitoring Systems
- 10.2.4 AI Diagnostics
- 10.2.5 Robotics
-
10.3 West Europe Smart Hospital Market by Application (USD Million) & Sales Volume (Units) [2019-2023]
- 10.3.1 Healthcare Providers
- 10.3.2 Hospitals
- 10.3.3 Research Institutions
- 10.4 West Europe Smart Hospital Market by Country (USD Million) & Sales Volume (Units) [2024-2031]
- 10.5 West Europe Smart Hospital Market by Type (USD Million) & Sales Volume (Units) [2024-2031]
- 10.6 West Europe Smart Hospital Market by Application (USD Million) & Sales Volume (Units) [2024-2031]
Chapter 11 : Central & Eastern Europe Smart Hospital Market Breakdown by Country, Type & Application
- 11.1 Central & Eastern Europe Smart Hospital Market by Country (USD Million) & Sales Volume (Units) [2019-2023]
- 11.1.1 Bulgaria
- 11.1.2 Poland
- 11.1.3 Hungary
- 11.1.4 Romania
- 11.1.5 Rest of CEE
-
11.2 Central & Eastern Europe Smart Hospital Market by Type (USD Million) & Sales Volume (Units) [2019-2023]
- 11.2.1 Smart Beds
- 11.2.2 Wearable Devices
- 11.2.3 Patient Monitoring Systems
- 11.2.4 AI Diagnostics
- 11.2.5 Robotics
-
11.3 Central & Eastern Europe Smart Hospital Market by Application (USD Million) & Sales Volume (Units) [2019-2023]
- 11.3.1 Healthcare Providers
- 11.3.2 Hospitals
- 11.3.3 Research Institutions
- 11.4 Central & Eastern Europe Smart Hospital Market by Country (USD Million) & Sales Volume (Units) [2024-2031]
- 11.5 Central & Eastern Europe Smart Hospital Market by Type (USD Million) & Sales Volume (Units) [2024-2031]
- 11.6 Central & Eastern Europe Smart Hospital Market by Application (USD Million) & Sales Volume (Units) [2024-2031]
Chapter 12 : Northern Europe Smart Hospital Market Breakdown by Country, Type & Application
- 12.1 Northern Europe Smart Hospital Market by Country (USD Million) & Sales Volume (Units) [2019-2023]
- 12.1.1 The United Kingdom
- 12.1.2 Sweden
- 12.1.3 Norway
- 12.1.4 Baltics
- 12.1.5 Ireland
- 12.1.6 Rest of Northern Europe
-
12.2 Northern Europe Smart Hospital Market by Type (USD Million) & Sales Volume (Units) [2019-2023]
- 12.2.1 Smart Beds
- 12.2.2 Wearable Devices
- 12.2.3 Patient Monitoring Systems
- 12.2.4 AI Diagnostics
- 12.2.5 Robotics
-
12.3 Northern Europe Smart Hospital Market by Application (USD Million) & Sales Volume (Units) [2019-2023]
- 12.3.1 Healthcare Providers
- 12.3.2 Hospitals
- 12.3.3 Research Institutions
- 12.4 Northern Europe Smart Hospital Market by Country (USD Million) & Sales Volume (Units) [2024-2031]
- 12.5 Northern Europe Smart Hospital Market by Type (USD Million) & Sales Volume (Units) [2024-2031]
- 12.6 Northern Europe Smart Hospital Market by Application (USD Million) & Sales Volume (Units) [2024-2031]
Chapter 13 : Southern Europe Smart Hospital Market Breakdown by Country, Type & Application
- 13.1 Southern Europe Smart Hospital Market by Country (USD Million) & Sales Volume (Units) [2019-2023]
- 13.1.1 Spain
- 13.1.2 Italy
- 13.1.3 Portugal
- 13.1.4 Greece
- 13.1.5 Rest of Southern Europe
-
13.2 Southern Europe Smart Hospital Market by Type (USD Million) & Sales Volume (Units) [2019-2023]
- 13.2.1 Smart Beds
- 13.2.2 Wearable Devices
- 13.2.3 Patient Monitoring Systems
- 13.2.4 AI Diagnostics
- 13.2.5 Robotics
-
13.3 Southern Europe Smart Hospital Market by Application (USD Million) & Sales Volume (Units) [2019-2023]
- 13.3.1 Healthcare Providers
- 13.3.2 Hospitals
- 13.3.3 Research Institutions
- 13.4 Southern Europe Smart Hospital Market by Country (USD Million) & Sales Volume (Units) [2024-2031]
- 13.5 Southern Europe Smart Hospital Market by Type (USD Million) & Sales Volume (Units) [2024-2031]
- 13.6 Southern Europe Smart Hospital Market by Application (USD Million) & Sales Volume (Units) [2024-2031]
Chapter 14 : East Asia Smart Hospital Market Breakdown by Country, Type & Application
- 14.1 East Asia Smart Hospital Market by Country (USD Million) & Sales Volume (Units) [2019-2023]
- 14.1.1 China
- 14.1.2 Japan
- 14.1.3 South Korea
- 14.1.4 Taiwan
- 14.1.5 Others
-
14.2 East Asia Smart Hospital Market by Type (USD Million) & Sales Volume (Units) [2019-2023]
- 14.2.1 Smart Beds
- 14.2.2 Wearable Devices
- 14.2.3 Patient Monitoring Systems
- 14.2.4 AI Diagnostics
- 14.2.5 Robotics
-
14.3 East Asia Smart Hospital Market by Application (USD Million) & Sales Volume (Units) [2019-2023]
- 14.3.1 Healthcare Providers
- 14.3.2 Hospitals
- 14.3.3 Research Institutions
- 14.4 East Asia Smart Hospital Market by Country (USD Million) & Sales Volume (Units) [2024-2031]
- 14.5 East Asia Smart Hospital Market by Type (USD Million) & Sales Volume (Units) [2024-2031]
- 14.6 East Asia Smart Hospital Market by Application (USD Million) & Sales Volume (Units) [2024-2031]
Chapter 15 : Southeast Asia Smart Hospital Market Breakdown by Country, Type & Application
- 15.1 Southeast Asia Smart Hospital Market by Country (USD Million) & Sales Volume (Units) [2019-2023]
- 15.1.1 Vietnam
- 15.1.2 Singapore
- 15.1.3 Thailand
- 15.1.4 Malaysia
- 15.1.5 Indonesia
- 15.1.6 Philippines
- 15.1.7 Rest of SEA Countries
-
15.2 Southeast Asia Smart Hospital Market by Type (USD Million) & Sales Volume (Units) [2019-2023]
- 15.2.1 Smart Beds
- 15.2.2 Wearable Devices
- 15.2.3 Patient Monitoring Systems
- 15.2.4 AI Diagnostics
- 15.2.5 Robotics
-
15.3 Southeast Asia Smart Hospital Market by Application (USD Million) & Sales Volume (Units) [2019-2023]
- 15.3.1 Healthcare Providers
- 15.3.2 Hospitals
- 15.3.3 Research Institutions
- 15.4 Southeast Asia Smart Hospital Market by Country (USD Million) & Sales Volume (Units) [2024-2031]
- 15.5 Southeast Asia Smart Hospital Market by Type (USD Million) & Sales Volume (Units) [2024-2031]
- 15.6 Southeast Asia Smart Hospital Market by Application (USD Million) & Sales Volume (Units) [2024-2031]
Chapter 16 : South Asia Smart Hospital Market Breakdown by Country, Type & Application
- 16.1 South Asia Smart Hospital Market by Country (USD Million) & Sales Volume (Units) [2019-2023]
- 16.1.1 India
- 16.1.2 Bangladesh
- 16.1.3 Others
-
16.2 South Asia Smart Hospital Market by Type (USD Million) & Sales Volume (Units) [2019-2023]
- 16.2.1 Smart Beds
- 16.2.2 Wearable Devices
- 16.2.3 Patient Monitoring Systems
- 16.2.4 AI Diagnostics
- 16.2.5 Robotics
-
16.3 South Asia Smart Hospital Market by Application (USD Million) & Sales Volume (Units) [2019-2023]
- 16.3.1 Healthcare Providers
- 16.3.2 Hospitals
- 16.3.3 Research Institutions
- 16.4 South Asia Smart Hospital Market by Country (USD Million) & Sales Volume (Units) [2024-2031]
- 16.5 South Asia Smart Hospital Market by Type (USD Million) & Sales Volume (Units) [2024-2031]
- 16.6 South Asia Smart Hospital Market by Application (USD Million) & Sales Volume (Units) [2024-2031]
Chapter 17 : Central Asia Smart Hospital Market Breakdown by Country, Type & Application
- 17.1 Central Asia Smart Hospital Market by Country (USD Million) & Sales Volume (Units) [2019-2023]
- 17.1.1 Kazakhstan
- 17.1.2 Tajikistan
- 17.1.3 Others
-
17.2 Central Asia Smart Hospital Market by Type (USD Million) & Sales Volume (Units) [2019-2023]
- 17.2.1 Smart Beds
- 17.2.2 Wearable Devices
- 17.2.3 Patient Monitoring Systems
- 17.2.4 AI Diagnostics
- 17.2.5 Robotics
-
17.3 Central Asia Smart Hospital Market by Application (USD Million) & Sales Volume (Units) [2019-2023]
- 17.3.1 Healthcare Providers
- 17.3.2 Hospitals
- 17.3.3 Research Institutions
- 17.4 Central Asia Smart Hospital Market by Country (USD Million) & Sales Volume (Units) [2024-2031]
- 17.5 Central Asia Smart Hospital Market by Type (USD Million) & Sales Volume (Units) [2024-2031]
- 17.6 Central Asia Smart Hospital Market by Application (USD Million) & Sales Volume (Units) [2024-2031]
Chapter 18 : Oceania Smart Hospital Market Breakdown by Country, Type & Application
- 18.1 Oceania Smart Hospital Market by Country (USD Million) & Sales Volume (Units) [2019-2023]
- 18.1.1 Australia
- 18.1.2 New Zealand
- 18.1.3 Others
-
18.2 Oceania Smart Hospital Market by Type (USD Million) & Sales Volume (Units) [2019-2023]
- 18.2.1 Smart Beds
- 18.2.2 Wearable Devices
- 18.2.3 Patient Monitoring Systems
- 18.2.4 AI Diagnostics
- 18.2.5 Robotics
-
18.3 Oceania Smart Hospital Market by Application (USD Million) & Sales Volume (Units) [2019-2023]
- 18.3.1 Healthcare Providers
- 18.3.2 Hospitals
- 18.3.3 Research Institutions
- 18.4 Oceania Smart Hospital Market by Country (USD Million) & Sales Volume (Units) [2024-2031]
- 18.5 Oceania Smart Hospital Market by Type (USD Million) & Sales Volume (Units) [2024-2031]
- 18.6 Oceania Smart Hospital Market by Application (USD Million) & Sales Volume (Units) [2024-2031]
Chapter 19 : MEA Smart Hospital Market Breakdown by Country, Type & Application
- 19.1 MEA Smart Hospital Market by Country (USD Million) & Sales Volume (Units) [2019-2023]
- 19.1.1 Turkey
- 19.1.2 South Africa
- 19.1.3 Egypt
- 19.1.4 UAE
- 19.1.5 Saudi Arabia
- 19.1.6 Israel
- 19.1.7 Rest of MEA
-
19.2 MEA Smart Hospital Market by Type (USD Million) & Sales Volume (Units) [2019-2023]
- 19.2.1 Smart Beds
- 19.2.2 Wearable Devices
- 19.2.3 Patient Monitoring Systems
- 19.2.4 AI Diagnostics
- 19.2.5 Robotics
-
19.3 MEA Smart Hospital Market by Application (USD Million) & Sales Volume (Units) [2019-2023]
- 19.3.1 Healthcare Providers
- 19.3.2 Hospitals
- 19.3.3 Research Institutions
- 19.4 MEA Smart Hospital Market by Country (USD Million) & Sales Volume (Units) [2024-2031]
- 19.5 MEA Smart Hospital Market by Type (USD Million) & Sales Volume (Units) [2024-2031]
- 19.6 MEA Smart Hospital Market by Application (USD Million) & Sales Volume (Units) [2024-2031]
Chapter 20: Research Findings & Conclusion
- 20.1 Key Findings
- 20.2 Conclusion
Chapter 21: Methodology and Data Source
-
21.1 Research Methodology & Approach
- 21.1.1 Research Program/Design
- 21.1.2 Market Size Estimation
- 21.1.3 Market Breakdown and Data Triangulation
-
21.2 Data Source
- 21.2.1 Secondary Sources
- 21.2.2 Primary Sources
Chapter 22: Appendix & Disclaimer
- 22.1 Acronyms & bibliography
- 22.2 Disclaimer
Frequently Asked Questions (FAQ):
The Global Smart Hospital market is estimated to see a CAGR of 20.00% and may reach an estimated market size of 20.00% 150Billion by 2031.
The Smart Hospital Market is growing at a CAGR of 20.00% over the forecasted period 2023 - 2031.
The changing dynamics and trends such as Patient-centered Care, AI-driven Healthcare are seen as major Game Changer in Global Smart Hospital Market.
The leaders in the Global Smart Hospital Market such as Medtronic (Ireland), Philips (Netherlands), Microsoft Corporation (United States), GE Healthcare (United States), Qualcomm Life (United States), Honeywell Life Care Solutions (United States), SAP (Germany), Allscripts (United States), Allengers (India), Epic Systems (United States), GlucoVista (United States), Siemens AG (Germany) are targeting innovative and differentiated growth drivers some of them are Upsurging Need For Safety And Security Systems,,
Increasing Disposable Incomes
Business transformation in Smart Hospital Market has taken hold due to the confluence of several important triggers, some of them are Integration With Legacy Systems, Data Privacy.
Some of the opportunities that Analyst at HTF MI have identified in Smart Hospital Market are:
- Increasing Awareness About Environmental Concerns And Green Building Construction
- Increasing Demand For A Smart City Development
Medtronic (Ireland), Philips (Netherlands), Microsoft Corporation (United States), GE Healthcare (United States), Qualcomm Life (United States), Honeywell Life Care Solutions (United States), SAP (Germany), Allscripts (United States), Allengers (India), Epic Systems (United States), GlucoVista (United States), Siemens AG (Germany) etc are the main players listed in the Global Smart Hospital Market Study.
Research paper of Global Smart Hospital Market shows that companies are making better progress than their supply chain peers –including suppliers, majorly in end-use applications such as Healthcare providers, Hospitals, Research institutions.
The Global Smart Hospital Market Study is segmented by Smart beds, Wearable devices, Patient monitoring systems, AI diagnostics, Robotics.
The Global Smart Hospital Market Study includes regional breakdown as North America, LATAM, West Europe,Central & Eastern Europe, Northern Europe, Southern Europe, East Asia, Southeast Asia, South Asia, Central Asia, Oceania, MEA
Historical Year: 2019 - Base year: 2023. Forecast period**: 2025 to 2031 [** unless otherwise stated]
The hospitals all around the world are presently under very tremendous pressure and are also facing factors like reimbursements and cost pressures, during the process of serving a highly aging population that is suffering from chronic diseases. Hospitals are now seeking ways to improve productivity and efficiency, so as to reduce the operational costs and thereby, improving the margins. While most of the hospitals are busy achieving this, the patient is also evolving to be a consumer, whose needs and preferences are needed to be addressed for achieving an optimal ‘customer satisfaction’. Naturally, the hospitals visualize digital technologies as one of the solutions. But just doing the implementations don’t necessarily aid in achieving the purpose. Digitization trends also have a very high impact on the hospitals, and certainly, digital hospitals nowadays are also emerging. The term smart hospitals refer to those that optimize and sometimes even redesign the new clinical processes, infrastructure, and management systems which is hence enabled by the underlying digitized networking infrastructure of all the interconnected assets, so as to provide a highly valuable service or insight that was not possible or available during earlier times, to attain better patient care, operational efficiency, and experience. The most critical component for these smart hospitals is the capability to provide a much valuable service of insight that was simply not feasible or available earlier. This is what helps in making the hospital take a step further from just being digital, and henceforth making it truly smart. Simply by digitizing, or making the hospital works paperless is just not sufficient. The current implementations of the digital solutions in the hospitals have marked their steps in their journey of becoming smart.
