Updated Research Report of Smart Hospitals Market 2020-2026:
“Smart Hospitals – Market Demand, Growth, Opportunities, Manufacturers and Analysis of Top Key Players to 2026” To Its Research Database.
The smart hospital market is valued at USD 11.19 billion in 2019 a CAGR of 15%, during the forecast period, 2020-2026. The rising trend of the Internet of Things (IoT) continues to transform healthcare delivery at an unprecedented pace. Connected medical devices are bringing increased patient safety and efficiency. When this applies to the whole healthcare organization ecosystem, it becomes a “Smart Hospital”.
As per GE Healthcare, imaging generates 90 % of healthcare data but only 3 % of that information gets analyzed and used by hospitals to improve operations. Thus, to overcome such situations, in 2018, GE Healthcare launched an application named Edison which is an AI platform. It is designed to support hospitals to analyze more data from technology such as clinical apps on devices, and by combining diverse data sets from various settings, such as healthcare networks and life sciences companies. Such development is expected to have a positive outlook on the market.
Moreover, mobile and wearable devices are becoming more prevalent among both staff members and patients, they are creating new opportunities for user engagement. For example, in October 2019, Cosinuss GmbH, developed a wearable device that is placed in the ear like a hearing aid, which it claims can track heart rate, heart rate variability, body core temperature, blood oxygen level, breathing rate, and blood pressure. The information collected can be used to optimize the fitness levels of the patients. Thus, it helps in augmenting the market.
However, hospitals have long been reluctant to adopt emerging technologies mainly due to the high cost of investment and lack of trained professionals. This is one of the major hindrances which is restraining the market growth.
Market segment by Type, the product can be split into
Market segment by Application, split into
Electronic Health Record & Clinical Workflow
Remote Medicine Management
Medical Connected Imaging
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Based on regional and country-level analysis, the Smart Hospitals market has been segmented as follows:
Rest of Europe
Rest of Asia-Pacific
Middle East & Africa
Rest of Middle East & Africa
In the competitive analysis section of the report, leading as well as prominent players of the global Smart Hospitals market are broadly studied on the basis of key factors. The report offers comprehensive analysis and accurate statistics on revenue by the player for the period 2015-2020. It also offers detailed analysis supported by reliable statistics on price and revenue (global level) by player for the period 2015-2020.
The key players covered in this study
Honeywell Life Care Solutions
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Major Key Points in Table of Content
1 Report Overview
2 Global Growth Trends
3 Competition Landscape by Key Players
4 Smart Hospitals Breakdown Data by Type (2015-2026)
5 Smart Hospitals Breakdown Data by Application (2015-2026)
6 North America
10 Southeast Asia
11Key Players Profiles