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Market Research Report

Global Smart Hospital Market Research Report Forecast to 2025

Published by Market Research Future Product code 841559
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Global Smart Hospital Market Research Report Forecast to 2025
Published: April 30, 2019 Content info: 101 Pages
Description

Introduction

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.

Key Players

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).

Global Smart Hospital Market Analysis & Forecast, from 2017 to 2025

  • To provide a detailed analysis of the market structure along with a forecast of the various segments and sub-segments of the global smart hospital market
  • To provide insights into factors affecting market growth
  • To analyze the global smart hospital market based on Porter's Five Forces analysis
  • To provide historical and forecast revenue of the market segments and sub-segments with respect to four main geographies and their countries-North America, Europe, Asia-Pacific, and the Rest of the World
  • To provide country-level analysis of the market with respect to the current market size and future prospects
  • To provide country-level analysis of the market for segments on the basis of product, technology, and end-user
  • To provide strategic profiling of key players in the market, comprehensively analyzing their core competencies, and drawing a competitive landscape for the market
  • To track and analyze competitive developments such as joint ventures, strategic alliances, mergers & acquisitions, product developments, and research and developments in the global smart hospital market

Target Audience

  • Technology providers
  • Research organizations
  • Government organizations
  • Technology investors
  • Technology standards organizations
  • Forums, alliances, and associations, and government bodies
  • Venture capitalists
  • Private equity firms, analysts, and strategic business planners.

Key Findings

  • The global smart hospital market is expected to reach USD 77,299.6 million by 2025.
  • Based on type, 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
  • By application, remote medicine management segment accounted for the highest market value of USD 4,751.1 million in 2017; the segment is projected to exhibit a CAGR of 16.2% during the review period.
  • Geographically, North America is projected to be the largest regional market in the global smart hospital market.

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.

The report on the global smart hospital market also covers the following country-level analysis:

  • North America
    • US
    • Canada
    • Mexico
  • Europe
    • UK
    • Germany
    • France
    • Rest of Europe
  • Asia-Pacific
    • China
    • India
    • Japan
    • Southeast Asia
    • Rest of Asia-Pacific
  • Rest of the World
    • Middle East and Africa
    • South America

DC

  • Healthcare design
  • Hospital construction
  • Healthcare analytics
  • Remote medicine management
  • Medical connected imaging
  • Medical assistance
  • Electronic health record
Table of Contents

Table of Contents

1 Executive Summary

2 Market Introduction

  • 2.1 Definition
  • 2.2 Scope of the Study
  • 2.3 List of Assumptions
  • 2.4 Market Structure

3 Market Insights

4 Research Methodology

  • 4.1 Research Process
  • 4.2 Forecast Model

5 Market Dynamics

  • 5.1 Introduction
  • 5.2 Drivers
    • 5.2.1 Increasing demand for cost-efficient solutions
    • 5.2.2 Integration of IoT with medical devices
    • 5.2.3 Drivers Impact Analysis
  • 5.3 Restraint
    • 5.3.1 Lack of Competence in Deploying IoT Solutions in Hospitals
  • 5.4 Market Trend
    • 5.4.1 Blockchain Technology

6 Market Factor Analysis

  • 6.1 Value Chain Analysis
  • 6.2 Porter's Five Forces Model
    • 6.2.1 Threat of New Entrants
    • 6.2.2 Bargaining Power of Suppliers
    • 6.2.3 Bargaining Power of Buyers
    • 6.2.4 Threat of Substitutes
    • 6.2.5 Intensity of Rivalry

7 Global Smart Hospital Market, by Type

  • 7.1 Overview
    • 7.1.1 General services
    • 7.1.2 Specialty
    • 7.1.3 Super-Specialty

8 Global Smart Hospital Market, by Application

  • 8.1 Overview
    • 8.1.1 Electronic Health Record and Clinic Workflow
    • 8.1.2 Remote Medicine Management
    • 8.1.3 Medical Connected Imaging
    • 8.1.4 Outpatient Vigilance
    • 8.1.5 Medical Assistance

9 Global Smart Hospital Market, by Region

  • 9.1 Overview
  • 9.2 North America
    • 9.2.1 US
    • 9.2.2 Canada
    • 9.2.3 Mexico
  • 9.3 Europe
    • 9.3.1 Germany
    • 9.3.2 UK
    • 9.3.3 France
    • 9.3.4 Rest of Europe
  • 9.4 Asia-Pacific
    • 9.4.1 China
    • 9.4.2 Japan
    • 9.4.3 India
    • 9.4.4 South-East Asia
    • 9.4.5 Rest of Asia-Pacific
  • 9.5 Rest of the World
    • 9.5.1 Middle East & Africa
    • 9.5.2 Latin America

10 Competitive Landscape

  • 10.1 Competitive Landscape

11 Company Profiles

  • 11.1 McKesson Corporation
    • 11.1.1 Company Overview
    • 11.1.2 Financial Overview
    • 11.1.3 Products/Services/Solutions Offered
    • 11.1.4 Key Developments
    • 11.1.5 SWOT Analysis
    • 11.1.6 Key Strategy
  • 11.2 GE Healthcare
    • 11.2.1 Company Overview
    • 11.2.2 Financial Overview
    • 11.2.3 Products/Services/Solutions Offered
    • 11.2.4 SWOT Analysis
    • 11.2.5 Key Developments
    • 11.2.6 Key Strategy
  • 11.3 Honeywell Life Care Solutions
    • 11.3.1 Company Overview
    • 11.3.2 Financial Overview
    • 11.3.3 Products/Services/Solutions Offered
    • 11.3.4 Key Developments
    • 11.3.5 SWOT Analysis
    • 11.3.6 Key Strategy
  • 11.4 Siemens Healthineers
    • 11.4.1 Company Overview
    • 11.4.2 Financial Overview
    • 11.4.3 Products Offerings
    • 11.4.4 Key Developments
    • 11.4.5 SWOT Analysis
    • 11.4.6 Key Strategy
  • 11.5 Koninklijke Philips N.V.
    • 11.5.1 Company Overview
    • 11.5.2 Financial Overview
    • 11.5.3 Products/Services/Solutions Offered
    • 11.5.4 Key Developments
    • 11.5.5 SWOT Analysis
    • 11.5.6 Key Strategy
  • 11.6 Cerner Corporation
    • 11.6.1 Company Overview
    • 11.6.2 Financial Overview
    • 11.6.3 Products/Services/Solutions Offered
    • 11.6.4 Key Developments
    • 11.6.5 SWOT Analysis
    • 11.6.6 Key Strategy
  • 11.7 Medtronic PLC.
    • 11.7.1 Company Overview
    • 11.7.2 Financial Overview
    • 11.7.3 Products/Services/Solutions Offered
    • 11.7.4 Key Developments
    • 11.7.5 SWOT Analysis
    • 11.7.6 Key Strategy
  • 11.8 Qualcomm Life
    • 11.8.1 Company Overview
    • 11.8.2 Financial Overview
    • 11.8.3 Product/Technology Offerings
    • 11.8.4 Key Developments
    • 11.8.5 SWOT Analysis
    • 11.8.6 Key Strategy
  • 11.9 Allengers Groups
    • 11.9.1 Company Overview
    • 11.9.2 Products/Services/Solutions Offered
    • 11.9.3 SWOT Analysis
  • 11.10 AdhereTech
    • 11.10.1 Company Overview
    • 11.10.2 Products/Services/Solutions Offered
    • 11.10.3 Key Developments

List of Tables

  • TABLE 1 MARKET SYNOPSIS
  • TABLE 2 LIST OF ASSUMPTIONS
  • TABLE 3 GLOBAL SMART HOSPITAL MARKET, BY TYPE, 2017-2025 (USD MILLION)
  • TABLE 4 GLOBAL SMART HOSPITAL MARKET, BY APPLICATION, 2017-2025 (USD MILLION)
  • TABLE 5 GLOBAL SMART HOSPITAL MARKET, BY REGION, 2017-2025 (USD MILLION)
  • TABLE 6 NORTH AMERICA SMART HOSPITAL MARKET, BY COUNTRY, 2017-2025 (USD MILLION)
  • TABLE 7 NORTH AMERICA SMART HOSPITAL MARKET, BY TYPE, 2017-2025 (USD MILLION)
  • TABLE 8 NORTH AMERICA SMART HOSPITAL MARKET, BY APPLICATION, 2017-2025 (USD MILLION)
  • TABLE 9 US SMART HOSPITAL MARKET, BY TYPE, 2017-2025 (USD MILLION)
  • TABLE 10 US SMART HOSPITAL MARKET, BY APPLICATION, 2017-2025 (USD MILLION)
  • TABLE 11 CANADA SMART HOSPITAL MARKET, BY TYPE, 2017-2025 (USD MILLION)
  • TABLE 12 CANADA SMART HOSPITAL MARKET, BY APPLICATION, 2017-2025 (USD MILLION)
  • TABLE 13 MEXICO SMART HOSPITAL MARKET, BY TYPE, 2017-2025 (USD MILLION)
  • TABLE 14 MEXICO SMART HOSPITAL MARKET, BY APPLICATION, 2017-2025 (USD MILLION)
  • TABLE 15 EUROPE SMART HOSPITAL MARKET, BY COUNTRY, 2017-2025(USD MILLION)
  • TABLE 16 EUROPE SMART HOSPITAL MARKET, BY TYPE, 2017-2025(USD MILLION)
  • TABLE 17 EUROPE SMART HOSPITAL MARKET, BY APPLICATION, 2017-2025(USD MILLION)
  • TABLE 18 GERMANY SMART HOSPITAL MARKET, BY TYPE, 2017-2025 (USD MILLION)
  • TABLE 19 GERMANY SMART HOSPITAL MARKET, BY APPLICATION, 2017-2025 (USD MILLION)
  • TABLE 20 UK SMART HOSPITAL MARKET, BY TYPE, 2017-2025 (USD MILLION)
  • TABLE 21 UK SMART HOSPITAL MARKET, BY APPLICATION, 2017-2025 (USD MILLION)
  • TABLE 22 FRANCE SMART HOSPITAL MARKET, BY TYPE, 2017-2025 (USD MILLION)
  • TABLE 23 FRANCE SMART HOSPITAL MARKET, BY APPLICATION, 2017-2025 (USD MILLION)
  • TABLE 24 REST OF EUROPE SMART HOSPITAL MARKET, BY TYPE, 2017-2025 (USD MILLION)
  • TABLE 25 REST OF EUROPE SMART HOSPITAL MARKET, BY APPLICATION, 2017-2025 (USD MILLION)
  • TABLE 26 ASIA-PACIFIC SMART HOSPITAL MARKET, BY COUNTRY, 2017-2025 (USD MILLION)
  • TABLE 27 ASIA-PACIFIC SMART HOSPITAL MARKET, BY TYPE, 2017-2025(USD MILLION)
  • TABLE 28 ASIA-PACIFIC SMART HOSPITAL MARKET, BY APPLICATION, 2017-2025(USD MILLION)
  • TABLE 29 CHINA SMART HOSPITAL MARKET, BY TYPE, 2017-2025 (USD MILLION)
  • TABLE 30 CHINA SMART HOSPITAL MARKET, BY APPLICATION, 2017-2025 (USD MILLION)
  • TABLE 31 JAPAN SMART HOSPITAL MARKET, BY TYPE, 2017-2025 (USD MILLION)
  • TABLE 32 JAPAN SMART HOSPITAL MARKET, BY APPLICATION, 2017-2025 (USD MILLION)
  • TABLE 33 INDIA SMART HOSPITAL MARKET, BY TYPE, 2017-2025 (USD MILLION)
  • TABLE 34 INDIA SMART HOSPITAL MARKET, BY APPLICATION, 2017-2025 (USD MILLION)
  • TABLE 35 REST OF ASIA-PACIFIC SMART HOSPITAL MARKET, BY TYPE, 2017-2025 (USD MILLION)
  • TABLE 36 REST OF ASIA-PACIFIC SMART HOSPITAL MARKET, BY APPLICATION, 2017-2025 (USD MILLION)
  • TABLE 37 SOUTH-EAST ASIA SMART HOSPITAL MARKET, BY TYPE, 2017-2025 (USD MILLION)
  • TABLE 38 SOUTH-EAST ASIA SMART HOSPITAL MARKET, BY APPLICATION, 2017-2025 (USD MILLION)
  • TABLE 39 REST OF THE WORLD SMART HOSPITAL MARKET, BY COUNTRY, 2017-2025 (USD MILLION)
  • TABLE 40 REST OF THE WORLD SMART HOSPITAL MARKET, BY TYPE, 2017-2025(USD MILLION)
  • TABLE 41 REST OF THE WORLD SMART HOSPITAL MARKET, BY APPLICATION, 2017-2025(USD MILLION)
  • TABLE 42 MIDDLE EAST & AFRICA SMART HOSPITAL MARKET, BY TYPE, 2017-2025 (USD MILLION)
  • TABLE 43 MIDDLE EAST & AFRICA SMART HOSPITAL MARKET, BY APPLICATION, 2017-2025 (USD MILLION)
  • TABLE 44 LATIN AMERICA SMART HOSPITAL MARKET, BY TYPE, 2017-2025 (USD MILLION)
  • TABLE 45 LATIN AMERICA SMART HOSPITAL MARKET, BY APPLICATION, 2017-2025 (USD MILLION)

List of Figures

  • FIGURE 1 GLOBAL SMART HOSPITAL MARKET: MARKET STRUCTURE
  • FIGURE 2 NORTH AMERICA MARKET SIZE & MARKET SHARE BY COUNTRY (2017 VS 2025)
  • FIGURE 3 EUROPE MARKET SIZE & MARKET SHARE BY COUNTRY (2017 VS 2025)
  • FIGURE 4 ASIA-PACIFIC & MARKET SHARE BY COUNTRY (2017 VS 2025)
  • FIGURE 5 REST OF THE WORLD MARKET SIZE & MARKET SHARE BY COUNTRY (2017 VS 2025)
  • FIGURE 6 TOP DOWN & BOTTOM UP APPROACH
  • FIGURE 7 DRO ANALYSIS OF GLOBAL SMART HOSPITAL MARKET
  • FIGURE 8 DRIVERS IMPACT ANALYSIS: SMART HOSPITAL MARKET
  • FIGURE 9 VALUE CHAIN: SMART HOSPITAL MARKET
  • FIGURE 10 PORTER'S FIVE FORCES ANALYSIS OF THE GLOBAL SMART HOSPITAL MARKET
  • FIGURE 11 GLOBAL SMART HOSPITAL MARKET, BY TYPE, 2017 TO 2025 (USD MILLION)
  • FIGURE 12 GLOBAL SMART HOSPITAL MARKET, BY APPLICATION, 2017 TO 2025 (USD MILLION)
  • FIGURE 13 GLOBAL SMART HOSPITAL MARKET, BY REGION, 2017 TO 2025 (USD MILLION)
  • FIGURE 14 NORTH AMERICA SMART HOSPITAL MARKET, BY COUNTRY, 2017 TO 2025 (USD MILLION)
  • FIGURE 15 NORTH AMERICA SMART HOSPITAL MARKET, BY TYPE, 2017 TO 2025 (USD MILLION)
  • FIGURE 16 NORTH AMERICA SMART HOSPITAL MARKET, BY APPLICATION, 2017 TO 2025(USD MILLION)
  • FIGURE 17 EUROPE SMART HOSPITAL MARKET, BY COUNTRY, 2017 TO 2025(USD MILLION)
  • FIGURE 18 EUROPE SMART HOSPITAL MARKET, BY TYPE, 2017 TO 2025 (USD MILLION)
  • FIGURE 19 EUROPE SMART HOSPITAL MARKET, BY APPLICATION, 2017 TO 2025 (USD MILLION)
  • FIGURE 20 ASIA-PACIFIC SMART HOSPITAL MARKET, BY COUNTRY, 2017 TO 2025 (USD MILLION)
  • FIGURE 21 ASIA-PACIFIC SMART HOSPITAL MARKET, BY TYPE, 2017 TO 2025 (USD MILLION)
  • FIGURE 22 ASIA-PACIFIC SMART HOSPITAL MARKET, BY APPLICATION 2017 TO 2025 (USD MILLION)
  • FIGURE 23 REST OF THE WORLD SMART HOSPITAL MARKET, BY COUNTRY, 2017 TO 2025 (USD MILLION)
  • FIGURE 24 REST OF THE WORLD SMART HOSPITAL MARKET, BY TYPE, 2017 TO 2025(USD MILLION)
  • FIGURE 25 REST OF THE WORLD SMART HOSPITAL MARKET, BY APPLICATION, 2017 TO 2025 (USD MILLION)
  • FIGURE 26 BENCHMARKING OF MAJOR COMPETITORS
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