Smart Hospitals Market Size and Forecasts (2021 - 2031), Global and Regional Share, Trends, and Growth Opportunity Analysis

MARKET OVERVIEW

Smart hospitals are intended to improve, redesign or rebuild hospitals with clinical processes, infrastructure and management systems using digitized networking infrastructure. The smart hospitals provide extensive services to attain a better healthcare infrastructure and operational efficiency. Implementations of these digital solutions help to make a hospital paperless and have complete alignment of clinical processes & management systems.

MARKET SCOPE

The "Global Smart Hospitals Market Analysis to 2031" is a specialized and in-depth study of the food and beverages industry with a special focus on the global market trend analysis. The report aims to provide an overview of the smart hospitals market with detailed market segmentation by component, technology, application, connectivity, and geography. The report provides key statistics on the market status of the leading smart hospitals market players and offers key trends and opportunities in the market.

MARKET SEGMENTATION

•   Based on component, the global smart hospitals market is segmented into software, hardware, services.
  
•   Based on technology, the market is bifurcated into cloud computing, artificial intelligence, wearable technologies, radio frequencies identification, others.
  
•   Based on application, the market is bifurcated into remote medicine management, medical connected imaging, medical assistance, electronic health record and clinical workflow, outpatient vigilance.
  
•   Based on connectivity, the market is bifurcated into wired, wireless.
  

MARKET DYNAMICS
Drivers

•   Increasing demand for machine learning, artificial intelligence and cloud computing services
  
•   Product innovation and development in emerging nations
  
•   Growing government spending on healthcare infrastructure
  

Restraints

•   High Cost of Connected Systems
  
•   Lack of Competence in Deploying IoT Solutions in Hospitals
  

REGIONAL FRAMEWORK

The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global market based on various segments. It also provides market size and forecast estimates from the year 2021 to 2031 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), the Middle East and Africa (MEA), and South America. The smart hospitals market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.

The report analyzes factors affecting the market from both demand and supply side and further evaluates market dynamics affecting the marketduring the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the smart hospitals market in these regions.

IMPACT OF COVID-19 ON SMART HOSPITALS MARKET
COVID-19 first began in Wuhan (China) during December 2019 and since then it has spread at a fast pace across the globe. The US, India, Brazil, Russia, France, the UK, Turkey, Italy, and Spain are some of the worst affected countries in terms confirmed cases and reported deaths. The COVID-19 has been affecting economies and industries in various countries due to lockdowns, travel bans, and business shutdowns. Shutdown of various plants and factories has affected the global supply chains and negatively impacted the manufacturing, delivery schedules, and sales of products in global market. Few companies have already announced possible delays in product deliveries and slump in future sales of their products. In order to deal with the COVID-19 pandemic, market players are launching numerous medicare management services and patient engagement technologies to provide best healthcare services and limit the spread of coronavirus. The outbreak of the COVID19 pandemic will result in higher demand for smart hospitals. In addition to this, the global travel bans imposed by countries in Europe, Asia-Pacific, and North America are affecting the business collaborations and partnerships opportunities.

Smart Hospitals Market Report Analysis

Smart Hospitals Market

• 
  CAGR (2023 - 2031)

  XX%
• Market Size 2023
  US$ XX Million
• Market Size 2031
  US$ XX Million

Report Coverage

• Market size and forecast at global, regional, and country levels for all the key market segments covered under the scope

• Key future trends
• Detailed PEST/Porter’s Five Forces and SWOT analysis

• Industry landscape and competition analysis & recent developments
• Detailed company profiles

• Global and regional market analysis covering key market trends, major players, regulations, and recent market developments

Key Players

• Stanley Healthcare
• Qualcomm Technologies, Inc.
• Koninklijke Philips N.V.
• Allscripts Healthcare, LLC
• McKesson Corporation
• Cerner Corporation
• Honeywell International Inc.
• GE Healthcare
• SAP SE

Regional Overview

• North America
• Europe
• Asia-Pacific
• South and Central America
• Middle East and Africa

Market Segmentation

By Component

• Software
• Hardware
• Services

By Technology

• Cloud Computing
• Artificial Intelligence
• Wearable Technologies
• Radio Frequencies Identification

By Application

• Remote Medicine Management
• Medical Connected Imaging
• Medical Assistance
• Electronic Health Record and Clinical Workflow
• Outpatient Vigilance

By Connectivity

• Wired
• Wireless

MARKET PLAYERS

The report covers key developments in the smart hospitals market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the marketwere acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market payers from smart hospitals market are anticipated to lucrative growth opportunities in the future with the rising demand for smart hospitals in the global market.

The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the smart hospitals market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.

•   Stanley Healthcare
  
•   Qualcomm Technologies, Inc.
  
•   Koninklijke Philips N.V.
  
•   Allscripts Healthcare, LLC
  
•   McKesson Corporation
  
•   Cerner Corporation
  
•   Honeywell International Inc.
  
•   GE Healthcare
  
•   SAP SE
  
•   Cognizant
  

The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.

Smart Hospitals Market Report Scope