The Global Smart Hospitals Market is likely to gain from increasing incidence of chronic diseases and further rising demand for hospitals, finds Fortune Business Insights in a report, titled “Smart Hospitals Market Size, Share and Global Trend By Component (Software, Hardware, Services), Application (Electronic Health Records (EHR), Remote Medicine Engagement, Clinical Workflow, Medical Assistance), Connectivity (Wired, Wireless), Technology (Artificial Intelligence, Internet of Things, Cloud Computing, Big Data) and Geography Forecast till 2026.”
According to the report, North America emerged dominant in the global market in 2018. The region is likely to witness promising growth during the forecast period 2019-2026. Integration of advanced computing application and increasing workload pressure on hospitals are some factors anticipated to drive the North America market. Moreover, rising need to manage abundance of patient’s data with utmost security is foreseen to fuel the demand for smart hospitals. Besides this, Middle East & Africa region is expected to expand at a relatively higher CAGR.
Request Sample Copy at https://www.fortunebusinessinsights.com/enquiry/sample/smart-hospitals-market-100329
The rapidly developing healthcare infrastructure in the gulf nations is likely to contribute towards market expansion. High per capita healthcare spending in the gulf nations and governments funding for improving healthcare infrastructure are some factors anticipated to enable growth in the market. The smart hospitals market in Asia Pacific is likely to expand over the forecast period. Owing to increasing demand for intelligent system in nations such as China and India, is foreseen to propel growth.
Longer Hospital Stays to Drive the Market
Increasing hospital stays and increasing demand for workflow efficiency are some factors anticipated to drive the global market. Moreover, rising need to improve clinical procedure and rising willingness among people to spend on quality healthcare services are factors expected to fuel demand for smart hospitals.
Technological advancements and upgrades are likely to facilitate rapid adoption of smart hospitals. For instance, EIR Healthcare designed the world’s first application of modular technology and prefabrication of hospital rooms in 2018. The app is developed to facilitate minimal budget and faster delivery.
Browse Complete Report Details at https://www.fortunebusinessinsights.com/industry-reports/smart-hospitals-market-100329
Factors expected to restrain the global market are high cost of software development and deployment and increasing concern about data security. Moreover, complex user interface and slow adoption of hospital-based software are factors likely to hamper the growth in the market.
Amazon, JP Morgan, and Berkshire Collaborated to Gain Strong Brand Presence in Market
The global smart hospitals market is progressing at an impressive pace. Opportunities prevalent in the market are attracting new players. Key players are adopting innovative strategies to attain a strong brand presence in the market. Some players are involved in mergers and acquisition also to gain a higher share in the market. For instance, Berkshire Hathaway, JP Morgan Chase & Co., and Amazon got into a collaboration in 2018, to offer healthcare services to their employees working in the U.S. This is expected to fuel the demand for smart hospitals in the market.
Some of the key companies operating in the global smart hospitals market are Medtronic, GENERAL ELECTRIC COMPANY, Cerner Corporation, McKesson Corporation, Infor, AdhereTech., Allscripts, athenahealth, Inc., Diabetizer GmbH & Co. KG, Siemens AG, Qualcomm Life, IBM Corporation, Inc., Microsoft, Koninklijke Philips N.V., NVIDIA Corporation, Next IT Corp., and STANLEY Healthcare.
Fortune Business Insights offers expert corporate analysis and accurate data, helping organizations of all sizes make timely decisions. We tailor innovative solutions for our clients, assisting them address challenges distinct to their businesses. Our goal is to empower our clients with holistic market intelligence, giving a granular overview of the market they are operating in.
Our reports contain a unique mix of tangible insights and qualitative analysis to help companies achieve sustainable growth. Our team of experienced analysts and consultants use industry-leading research tools and techniques to compile comprehensive market studies, interspersed with relevant data.
At Fortune Business Insights we aim at highlighting the most lucrative growth opportunities for our clients. We therefore offer recommendations, making it easier for them to navigate through technological and market-related changes. Our consulting services are designed to help organizations identify hidden opportunities and understand prevailing competitive challenges.
Fortune Business Insights Pvt. Ltd.
308, Supreme Headquarters,
Survey No. 36, Baner,
Pune – 411045, Maharashtra, India.
US: +1 424 253 0390
UK: +44 2071 939123
APAC: +91 744 740 1245