Global Smart Hospital Market Size was valued nearly USD 13.52 billion by 2018 and is estimated to reach up to USD xx.xx billion by 2025. According to latest study conducted by our analysts and industry experts, the global market is expected to grow at a CAGR of 21.45% during the forecast period, i.e. 2017-2025 due to increasing prevalence of chronic diseases, rising need for better patient care, and efficient and accurate solutions. In addition, smart hospital industry provides benefits such as low cost treatment, improved outcomes of treatment, enhanced patient experience, reduced mistakes, and improved disease management drive the growth of the smart hospital market.

Global Market Growth Opportunities (Revenue, Growth) By 2017-2025

This global market study report analysis offers in-depth insights, revenue details, and other vital information regarding the global smart hospital market, and the various trends, drivers, restraints, opportunities, and threats in the target market till 2025. The report offers insightful and detailed information regarding the various key players operating in the market, their financials, supply chain trends, technological innovations, key developments, apart from future strategies, acquisitions & mergers, and market footprint. The global smart hospital market report has been segmented on the basis of type, application, and region. It includes the estimation of the market size, in terms of value, with respect to 4 main geographies, namely, North America, Europe, APAC, and RoW.    

Market Dynamic

Global smart hospital market showed crucial growth in the recent years and is anticipated to witness a steep rise by generating an estimated revenue of US$ xx.xx over the forecast period. According to latest study conducted by our analysts and industry experts, the global market is expected to grow at a CAGR of 21.45% during the forecast period, i.e. 2017-2025. This study report offers a detailed emphasis of the industry segmented on component, connectivity, service rendered, artificial intelligence, application, and region. The study report also provides information regarding market drivers, restraints, opportunities, and challenges which will influencing the growth of industry. In addition, the report analysis predicts future industry trends, insights based on the value chain analysis, and strategic benchmarking of the market. Worldwide smart hospital market is projected to grow healthy manner owing to rapidly development in healthcare sector, government’s regulates to implementation of IT technologies in Healthcare, emerging countries spending more money on healthcare, and modern technology in healthcare industry are major factors will drive the industry growth over the forecast period.  Basis on the regional analysis, In 2017, North America held the largest share of the smart hospital market. In additional, the smart hospital market in APAC is projected to grow at the highest CAGR between 2017 and 2025.

Segment Analysis

Component Insights- Based on the component, in 2017, the outpatient vigilance segment contribute major role in the market, in terms of revenue, and is likely to continue the dominance in future. Outpatient vigilance technology allows healthcare facility to effectively monitor every patient bed and constantly monitor a patient’s status without having to connect cables, leads, and sensors to the individual.

Application Insights- Based on the application, the smart hospital market is divided into hardware, services, and systems & software and other. The systems and software is expected to grow significant at CAGR due to increasing demand form emerging economies such as India and China over the next two decades. The systems and software segment mainly focuses on device management and integration, information security, data collection, and data analytics.

Regional Analysis

The global smart hospital market is divided into regions that are North America - U.S, Canada, Other) (Asia-Pacific -India, Japan, China, Australia, Other) (Europe – UK, Russia, France, Brazil, Other) (Middle East and Africa. Every region analysis details in sense of growth, revenue, volume, challenges, and opportunities with the regional and global key players. In 2017, North America market is anticipated to held largest smart hospital market share and is excepted to grow fastest during the forecast period owing to increasing huge investment in multi-specialty hospitals, modern technology, research and development and government support etc. The growth of market continue speared in region because of multinational key players presence in region as well as high modern and advance technology are drive the market growth and demand in the coming years.

Global Smart Hospital Market Size, Share Analysis By Region 2017

Asia pacific is anticipated to grow fastest over the forecast timespan reason behind that generating awareness regarding healthcare and its services, high population, adoption of new and modern technologies, income level and government support that are the major factors impact on the growth and need of smart hospital over the forecast period. The emerging economies such as India, China, Thailand, Indonesia and Australia boost the smart hospital infrastructure during the forecast period. Middle East and Africa are updating old healthcare technique to attract more customers which is estimated to contribute significant growth in worldwide market.    

Global Smart Hospital Market Study Objective

1. To forecast the market size of smart hospital market, along with describing and defining the market, in terms of volume and revenue.

2. Market analysis and forecast of smart hospital market on the basis of region, substrate and application or end-use industry.

3. To analyze and elaborate significant factors that will have major impact on the growth of smart hospital market, such as drivers, restraints, challenges and opportunities.

4. Regional analysis of smart hospital market, to induce market size of five global major regions, which include, Europe, North America, South America, Middle East & Africa and Asia Pacific.

5. Strategic analysis of micromarkets, in terms of individual prospects, opportunities, growth trends and their involvement in overall market.

6. To provide detailed analysis of competitive and strategic developments in the smart hospital market like new product launch, partnership & agreement, investment & expansion, and company merger & acquisitions.

7. Analysis of market opportunities for stakeholders, in order to provide a competitive landscape for global market players.

8. To profile major market players, and to analyze their market shares and essential competencies comprehensively.

Key Players

The major kay players in the smart hospital market which will contribute healthy growth in regional and global market over the forecast period that key players are Medtronic, Philips, GE Healthcar, Siemens AG, Qualcomm Life, Allengers, Athenahealth, AdhereTech, Cerner Corporation, McKesson, St. Jude Medical, SAMSUNG, Renesas Electronics Corporation and Honeywell Life Care Solutions. Some of the IT solution providers are SAP, Microsoft, Allscripts, CitiusTech Inc., Infor, Athenahealth, PhysIQ, Diabetizer, AdhereTech, Epic, STANLEY Healthcare, and Oracle. Furthermore, key system integrators in the smart hospital ecosystem include CitiusTech Inc., Infor, Epic, Cerner Corporation, and McKesson.  

Global Smart Hospital Market Study Report Offer You!

The global market study report gives an idea about market size, share, stock, equity, investment and total price analysis. Also, the report provides comprehensively industry insights with all major factors such as market credit, allocation, demand, distribution, market scope, key players, end user & applications, provisions, livestock, commodities and industry economics analysis, future growth & forecast. The global market report includes all depth data like pre-market emphasis, market survey, market investment, industry advice, portfolio, finance, access, trade, market exploration, industry review and market predication & projection to develop effective strategies for optimizing their market position.