Smart Hospitals Market is Valued at US$ 184.9 Bn by 2031: Data Analysis by Experts at Transparency Market Research Inc.

In 2022, the global 𝐒𝐦𝐚𝐫𝐭 𝐇𝐨𝐬𝐩𝐢𝐭𝐚𝐥𝐬 𝐢𝐧𝐝𝐮𝐬𝐭𝐫𝐲 boasted a valuation of US$ 41.9 billion. Forecasts indicate a significant advancement, with an anticipated Compound Annual Growth Rate (CAGR) of 17.7% from 2023 to 2031, culminating in reaching US$ 184.9 billion by the conclusion of 2031.

The global smart hospitals market is experiencing rapid expansion, harnessing cutting-edge technologies to elevate patient care, streamline operational processes, and optimize resource allocation. The surge in demand for advanced healthcare services, coupled with the increasing adoption of digital technologies, is expected to propel the growth of the smart hospitals market in the foreseeable future.

𝐆𝐞𝐭 𝐒𝐚𝐦𝐩𝐥𝐞 𝐏𝐃𝐅:
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Smart hospitals leverage advanced technologies and digital solutions to enhance patient care, operational efficiency, and resource management. They employ smart systems for managing medical equipment, inventory, and workflow optimization, leading to reduced errors, improved safety, and cost savings. These hospitals utilize digital communication tools for seamless collaboration among healthcare professionals, enabling better decision-making and coordinated care. With intelligent health systems and AI algorithms, smart hospitals enable real-time monitoring, remote patient management, personalized care, and predictive analytics for improved treatment outcomes.

𝐏𝐫𝐨𝐦𝐢𝐧𝐞𝐧𝐭 𝐏𝐥𝐚𝐲𝐞𝐫𝐬:

Koninklijke Philips NV, GE Healthcare (General Electric), Medtronic PLC, Honeywell Life Care Solutions (Honeywell International Inc.), Stanley Healthcare, SAP SE, Microsoft Corporation, Allscripts Healthcare Solutions Inc., Cerner Corporation, McKesson Corporation, Schneider Electric Healthcare, and ThoughtWire Corp.

𝐌𝐚𝐫𝐤𝐞𝐭 𝐒𝐞𝐠𝐦𝐞𝐧𝐭𝐚𝐭𝐢𝐨𝐧:

Component

Hardware
Systems & Software

Services

Service Offered
General
Super Specialty
Others

Connectivity

Wired
Wireless

Application

Electronic Health Records & Clinical Workflow
Medical Assistance
Medical Connected Imaging
Remote Medical Management
Others

𝐊𝐞𝐲 𝐃𝐞𝐯𝐞𝐥𝐨𝐩𝐦𝐞𝐧𝐭𝐬:

In July 2022, GE Healthcare, a subsidiary of General Electric Company, inaugurated its 5G Innovation Lab in Bengaluru, India. The lab has been established to pioneer advancements in healthcare solutions through the utilization of 5G technology alongside other cutting-edge innovations, such as artificial intelligence, augmented reality, virtual reality, and advanced visualization.

In February 2022, GE Healthcare entered into a partnership with AWS to introduce AI-powered diagnostic imaging cloud solutions tailored for healthcare institutions. The collaboration aims to enhance clinical insights and revolutionize healthcare standards through the integration of supplementary components, including sensor data, genomics, and laboratory test results.

𝐏𝐥𝐚𝐜𝐞 𝐎𝐫𝐝𝐞𝐫 𝐟𝐨𝐫 𝐭𝐡𝐞 𝐑𝐞𝐩𝐨𝐫𝐭:
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𝐈𝐧𝐜𝐫𝐞𝐚𝐬𝐞 𝐢𝐧 𝐍𝐞𝐞𝐝 𝐟𝐨𝐫 𝐑𝐨𝐛𝐮𝐬𝐭 𝐇𝐞𝐚𝐥𝐭𝐡𝐜𝐚𝐫𝐞 𝐒𝐞𝐫𝐯𝐢𝐜𝐞𝐬 𝐃𝐫𝐢𝐯𝐢𝐧𝐠 𝐒𝐦𝐚𝐫𝐭 𝐇𝐨𝐬𝐩𝐢𝐭𝐚𝐥𝐬 𝐌𝐚𝐫𝐤𝐞𝐭 𝐒𝐢𝐳𝐞

The growing elderly population and the rise in chronic diseases are driving the demand for robust healthcare services, prompting the development of smart hospitals. These hospitals leverage advanced technologies like IoT and wearable sensors for remote patient monitoring, particularly beneficial for elderly patients and those with chronic conditions. By tracking vital signs and medication adherence, smart hospitals enable early intervention, reducing hospital visits. Additionally, they optimize resource allocation through real-time data monitoring and analytics, enhancing operational efficiency. Seamless communication among healthcare professionals further improves patient care, leading to reduced waiting times and cost savings.

𝐑𝐞𝐠𝐢𝐨𝐧𝐬 𝐂𝐨𝐯𝐞𝐫𝐞𝐝:

North America(USA, Canada and Mexico)
Europe(UK, Germany, France and the Rest of Europe)
Asia Pacific(China, Japan, India, and the Rest of the Asia Pacific region)
South America(Brazil, Argentina and the Rest of South America)
Middle East and Africa(GCC and Rest of the Middle East and Africa)

𝐊𝐞𝐲 𝐌𝐚𝐫𝐤𝐞𝐭 𝐒𝐭𝐮𝐝𝐲 𝐏𝐨𝐢𝐧𝐭𝐬:

Market size and growth projections
Regional analysis and market dynamics
Market segmentation by service type, sourcing type, application, industry vertical, and region
Market drivers, challenges, and trends
Future outlook and growth opportunities
Competitive landscape and recent developments

𝐁𝐫𝐨𝐰𝐬𝐞 𝐌𝐨𝐫𝐞 𝐑𝐞𝐩𝐨𝐫𝐭𝐬 𝐛𝐲 𝐓𝐌𝐑:

𝐒𝐨𝐥𝐝𝐢𝐞𝐫 𝐒𝐲𝐬𝐭𝐞𝐦 𝐌𝐚𝐫𝐤𝐞𝐭- https://www.globenewswire.com/news-release/2023/03/23/2633562/0/en/Soldier-System-Market-is-estimated-to-reach-revenue-of-US-17-0-billion-by-2031-The-body-armor-segment-holds-27-5-of-market-share.html

𝐄𝐧𝐝𝐨𝐯𝐚𝐬𝐜𝐮𝐥𝐚𝐫 𝐀𝐛𝐝𝐨𝐦𝐢𝐧𝐚𝐥 𝐀𝐨𝐫𝐭𝐢𝐜 𝐀𝐧𝐞𝐮𝐫𝐲𝐬𝐦 𝐑𝐞𝐩𝐚𝐢𝐫 𝐃𝐞𝐯𝐢𝐜𝐞𝐬 𝐌𝐚𝐫𝐤𝐞𝐭
- https://www.globenewswire.com/news-release/2023/03/23/2633442/0/en/Endovascular-Abdominal-Aortic-Aneurysm-Repair-Devices-Market-to-Reach-USD-3-7-Bn-by-2031-TMR.html

𝐀𝐛𝐨𝐮𝐭 𝐓𝐫𝐚𝐧𝐬𝐩𝐚𝐫𝐞𝐧𝐜𝐲 𝐌𝐚𝐫𝐤𝐞𝐭 𝐑𝐞𝐬𝐞𝐚𝐫𝐜𝐡

Transparency Market Research, a global market research company registered at Wilmington, Delaware, United States, provides custom research and consulting services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insights for thousands of decision makers. Our experienced team of Analysts, Researchers, and Consultants use proprietary data sources and various tools & techniques to gather and analyses information.

Our data repository is continuously updated and revised by a team of research experts, so that it always reflects the latest trends and information. With a broad research and analysis capability, Transparency Market Research employs rigorous primary and secondary research techniques in developing distinctive data sets and research material for business reports.

𝐂𝐨𝐧𝐭𝐚𝐜𝐭:

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