Market Research Report
Global Smart Hospital Market Research Report Forecast to 2025
|Published by||Market Research Future||Product code||841559|
|Published||Content info||101 Pages
Delivery time: 1-2 business days
|Global Smart Hospital Market Research Report Forecast to 2025|
|Published: April 30, 2019||Content info: 101 Pages||
In a smart hospital, all the functions and operations of medical devices are dependent on a digital ecosystem. It is also known as an intelligent hospital that works on improved and automated processes developed in an information communication and telecommunication (ICT) environment. The medical devices and all other interconnected medical equipment are based on Internet of Things (IoT) that optimize patient care and develop new scope of improved care. Increasing demand for cost-efficient solutions and integration of IoT with medical devices are expected to drive the market for smart hospital during the forecast period. However, the lack of competence in deploying IoT solutions in hospitals is expected to restrain the market during the forecast period.
In 2017, North America dominated the global market; the regional market was valued at USD 6284.4 million and is expected to register a CAGR of 21.1% during the forecast period. However, the market in Asia-Pacific is expected to be the fastest-growing at the highest CAGR of 25.8% during the review period. The global smart hospital market has been segmented on the basis of type, application, and region. By type, the market has been segmented into general services, speciality, and super-speciality. Based on application, the market has been segmented into electronic health record and clinic workflow, remote medicine management, medical connected imaging, outpatient vigilance, and medical assistance.
Based on type, the general service segment held the largest market share, valued at USD 7,583.0 million in 2017; it is projected to register a CAGR of 19.8% during the forecast period. However, the super-specialty segment is expected to grow at faster CAGR of 23.8% during the forecast period. By application, the remote medicine management segment accounted for the highest market value of USD 4751.1 million in 2017; the segment is projected to exhibit a CAGR of 16.2% during the review period. However, outpatient vigilance segment is expected to grow at the highest CAGR of 25.9% during the forecast period.
The key players in the global smart hospital market are McKesson Corporation (US), GE Healthcare (US), Honeywell Life Care Solutions (US), Siemens Healthineers (Germany), Koninklijke Philips N.V. (Netherlands), Cerner Corporation (US), Medtronic PLC. (Ireland), Qualcomm Life (US), Allengers Groups (India), and AdhereTech (US).
Regional and Country-Level Analysis of the Global Smart Hospital Market, Estimation and Forecast
North America is expected to lead the global smart hospital market with a CAGR of 21.1% during the forecast period. Europe is projected to be the second-largest market exhibiting a CAGR of 19.9%. However, the market in Asia-Pacific is expected to register the higher CAGR of 25.8%. The market in the rest of the world is projected to register a CAGR of 16.7% during the forecast period.