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Market Snapshot

It is projected that global smart hospitals market will surge at a compound annual growth rate of 21.5% between 2018 and 2025. In smart hospitals, connectivity is the focal point through which efforts are made towards improving care giving. Connected medical devices are replacing traditional equipment in hospitals. The trend is primarily noticeable in advanced economies and in some of the fast-developing countries. Factors such as growing need for cost-effective medical services, rapid integration of IoT in healthcare and increased focus on development of healthcare solution that are future ready are expected the support the growth of the market during the forecast period.

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This MRFR report offers a holistic overview of the global smart hospital market along with a seven-year (2018-2025) revenue analysis. All the micro and macroeconomic factors that are likely to influence the market are mentioned in the report. It includes an executive summary highlighting the key findings of the market analysis. The report also covers a revenue analysis based on different types of smart hospitals such as super-specialty, specialty and general service. Major application areas for smart hospitals mentioned in the report are electronic health record and clinic workflow, medical connected imaging, remote medicine management, outpatient vigilance and medical assistance.

Key Players

The prominent players in the global Smart Hospital Market are – Siemens AG (Germany), Qualcomm Life Inc. (US), Athenahealth Inc. (U.S), SAP SE (Germany), Microsoft Corporation (U.S), Cerner Corporation (U.S), Stanley Healthcare (US), Oracle Corporation (US), SAMSUNG Group (South Korea), Philips N.V (Netherlands), GE Healthcare (US) among others.

Global Smart Hospital Market Segmentation

For the scope of the research, MRFR’s report offers a comprehensive segmental analysis of the global market for smart hospital

By Type

  • General Services
  • Specialty
  • Super-Specialty

By Application

  • Electronic health record and clinic workflow
  • Remote medicine management
  • Medical connected imaging
  • Outpatient vigilance
  • Medical assistance

By Region

  • North America
  • Europe
  • Asia Pacific
  • The Middle East & Africa (MEA)
  • Latin America

Regional Analysis:

On the basis of region, the global smart hospital market is segmented into North America, Europe, Asia Pacific (APAC), the Middle East & Africa (MEA) and Latin America. North America is expected to spearhead the global smart hospital market during the forecast period. The region currently accounts for close to 38% share of the global market. The market in North America is expected to reach a valuation of more than USD 28, 700 Mn by the year 2025, reflecting a CAGR of 21.1%.

During the forecast period, lucrative opportunities are expected to arise from fast-developing countries is Asia Pacific. The APAC smart hospital market is set to exhibit a double-digit CAGR of 25.8% till 2025. Countries such as China and India are witnessing a rapid expansion of the healthcare sector, which is proving an impetus to the smart hospital market in these countries.

Europe is also expected to remain an important market for smart hospital in 2019 and beyond. EU’s consistent efforts toward healthcare transformation facilitates a quick adoption of advanced healthcare technologies such as smart hospital. In 2017, Europe accounted for 29% share of the global smart hospital market.

Intended 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.

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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 


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