Smart Hospital Market 2021 Latest Trends, Industry Parameters And Competitive Landscape By 2027

Precision Business Insights published a research report on “Smart Hospital Market By Component (Software, Hardware, Services), By Technology (Cloud Computing, Artificial Intelligence, Wearable Technologies, Radio Frequencies Identification, Others), By Application (Remote Medicine Management, Medical Connected Imaging, Medical Assistance, Electronic Health Record & Clinical Work Flow, and Outpatient Vigilance), By Connectivity (Wired, Wireless), and Geography - Global/Region/Country Forecast to 2027".

A smart hospital is one in which technology and design are used to improve patient care. A smart hospital is a technical breakthrough in the healthcare sector that seeks and provide a wide range of services in order to improve the quality of health care and operating excellence. AI, active RFID (Radio Frequency Identification), Wi-Fi, sensors, mobile apps, integration platforms, wearables, and other technology are all employed in smart hospitals. Smart hospitals also use environmentally friendly flooring, paints, furniture, and furnishings to decrease pollution and reduce their influence on the environment.

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The market for smart hospitals is largely driven by the continual upgrade of current healthcare infrastructures for improved patient health management. Furthermore, the market is being bolstered by considerable development in the healthcare information technology (IT) industry, as well as the rising prevalence of automated medical processes. The industry is being propelled forward by rising levels of urbanization and rising consumer spending on high-end medical care. Furthermore, as more people become aware of the various advantages of smart hospitals in terms of delivering faster workflow, streamlined administration, and enhanced patient data storage, their demand is rising globally. In accordance with this, the growing elderly population, which is more vulnerable to major medical problems, is driving the demand for real-time, active monitoring of health issues through smart healthcare systems. With the abrupt emergence of the COVID-19 pandemic, virtual care systems are quickly being used for remote health monitoring and telemedicine services, further propelling the virtual care industry forward. Furthermore, the market is projected to be driven in the future years by the increasing integration of smart hospitals with different sophisticated technologies including as AI, Cloud computing, Big Data, Picture Archiving and Communication System (PACS), Radiology Information Systems (RIS), and others.

The global Smart Hospitals Market is fragmented on the basis of Component, which is further divided into Software System, Hardware, and Services. In terms of Technology, the market is categorized into Artificial Intelligence, Cloud Computing, Radio Frequency Identification, Wearable Technologies, and Others. In terms of Application, the market is segregated into Medical Connected Imaging, Remote Medicine Management, Electronic Health Record, Medical Assistance, and Outpatient Vigilance. In terms of Connectivity, the market is bifurcated into Wired and Wireless.

Owing to the rising use of sophisticated technology by healthcare institutions, North America is projected to retain a prominent place in the world smart hospitals market. In the projection period of 2020 to 2027, Asia-Pacific is anticipated to expand at the fastest pace due to an increase in the number of clinics and surgical centers, as well as better healthcare infrastructure.

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Some of the major key players in smart hospital market, which includes Medtronic (Ireland), Philips (Netherlands), GE Healthcare (US), Siemens AG (Germany), Qualcomm Life (US), Allengers (India), Athenahealth (US), AdhereTech (US), Cerner Corporation (US), McKesson (US), Jude Medical (US), SAMSUNG (South Korea), Renesas Electronics Corporation (Japan), Honeywell Life Care Solutions (US)

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