Smart hospitals are the medical facilities of the hospitals that redesign or optimize or also build new clinical process, systems, and may be also infrastructure enabled by underlying digitalized networking infrastructure of the interlinked assets to offer more valuable service or deeper insights that was not possible earlier to achieve proper care of patients, medical experience, and improved operational efficiency. Smart hospitals include three essential layers including data, insight, and access entities that improve the care quality of patients in hospitals, save time of medical staff and improve overall efficiency.
Market Industry Reports (MIR) has published a new report titled “Smart Hospitals Market – Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2019–2030.” According to the report, the global smart hospitals market is estimated to account for over US$ 14.5 billion in 2018. It is anticipated to grow at a CAGR of 23.6% from 2019 to 2030.
Smart hospitals ultimately maximize efficiency, offer better patient satisfaction, flexibility, which can be credited to the digital transformation in the healthcare industry. At present, the world is speedily evolving but the hospital infrastructure is mostly left the same and not as advanced as it should be. There are numerous hospitals that have been established over 100 years and are still in operation, but have limited possibilities for enhancement, still they are experiencing increased demand and are unable to adopt the required infrastructure and innovations that they must currently have.
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Some of the prominent players in the Smart Hospitals Market include:
Koninklijke Philips N.V., GENERAL ELECTRIC COMPANY, Medtronic, Cerner Corporation, STANLEY Healthcare, Qualcomm Technologies, McKesson Corporation, Resideo Technologies, Microsoft, and Allscripts Healthcare
Smart hospitals today play a key role in the urban cities and the developed nations, especially in the present situations of COVID-19 pandemic period, where the technology can help in social distancing between the non-infected patients and the infected patients to control the spread of the disease and growth of the recovery. The novel Coronavirus pandemic has considerably placed the medical industry under enormous pressure and any technology that shows solution is always welcome. Owing to the same, the smart hospitals are vital to recovery. The upcoming decade will present extraordinary challenge for the worldwide healthcare industry. In addition to the growing challenges like COVID-19, the worldwide population is also expanding, ageing with number of geriatric diseases, and coming up with new lifestyle illnesses.
The integration of newer technologies into healthcare, such as Artificial Intelligence (AI), robotics, precision medicine, 3D printing, genomics, etc., enables optimum results in terms of quality of service and patient recovery. According to the World Health Organization (WHO), even in developed countries, seven out of every 100 hospitalized patients develop infections each year. Thus the use of newer technologies, such as AI, robotics, and others, can improve the precision of treatment procedures and dramatically decrease the probability of error.
The Smart Hospitals Market is segmented on the basis of Product, Modality, Cancer Type, End-Users and region.
By Component:
Hardware, System & Software, and Services
By Connectivity:
Wired and Wireless
By Application:
Remote Medicine Management, Electronic Health Record (EHR), Medical Assistance, Outpatient Vigilance, and Medical Connected Imaging
Research Approach
As a standard protocol at MIR, all research assignments go through the following rigorous processes.
- Secondary Research
- Primary Research
- Market Size Estimation & Forecasting
- Data Validation & Triangulation
- Report Generation
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Table of Contents
- INTRODUCTION
- Market Definition
- Market Classification
- Geographic Scope
- Years Considered for the Study: Historical Years – 2017 & 2018; Base Year – 2019; Forecasted Years – 2020 to 2030
- Currency Used
- RESEARCH METHODOLOGY
- Research Framework
- Data Collection Technique
- Data Sources
- Market Estimation Methodology
- Data Validation and Triangulation
- ABSTRACT OF THE STUDY
- MARKET DYNAMICS ASSESSMENT
- Overview
- Drivers
- Barriers/Challenges
- Opportunities
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