Smart Hospital Market by Component (Hardware, Systems & Software, Services), by Connectivity (Wired, Wireless), by Product (Smart Pill, mHealth), by Region (North America, Asia Pacific, Europe, Middle East and Africa, South America) – Global Forecast (2020 to 2027)

Smart Hospital Market - Global Industry Analysis and Forecast 2020 to 2027

Smart Hospital Market: Summary

The Global Smart Hospital Market is projected to reach a value of over USD 120.5 billion by 2027 at a CAGR of around 24.4%.

The smart hospital is refers to the technological growth and design combine to improve the patient care. It is a medical setting equipped with the advance devices as well as software to reduce the work pressure and minimize the cost related with the procedures includes hospitals. Whereas, in the healthcare sector, the smart hospital is a technological advancement which focus to provide wide range of services to get enhance healthcare services and operational efficiency.

Hence, it also being designed to minimize the pollution as well as to improve the environment, with the help of eco-friendly flooring, paints and furniture. These growth and innovation may lead to increase the demand of the market in the forecast period.

Smart Hospital Market

Smart Hospital Market: Drivers & Restraints

Market Driver:

  • Rising Demand of Internet of Things (IoT)

Rising demand of Internet of things (IoT) is witness to boost the growth of the market in the forecast period. Whereas, the IoT technology helps to enable the healthcare sector to implement positioning tracking, monitoring & management, intelligent recognition GPS, laser scanner as well as the various other information sensing equipment to improve treatment facilities and management. Moreover, it also helps to provide better healthcare decision as IoT collect the real-time data from the healthcare devices that enable specialist to get the correct diagnosis in the hospital environment.

Furthermore, it also offers a remote health monitoring through the remote monitoring devices as well as it can enable predictive maintenance of hospital assets, and connected healthcare devices. Hence, the IoT lead to make healthcare sector faster, more patient-centric and more affordable for the patients. These trend and development may lead to create a significant growth of the market in the projected period.

Market Restraints:

  • Cyber Threat in Smart Hospitals

One of the major key concern of the market is the cyber threat on smart hospitals which may hamper the market growth. However, the cyber security is always been a major concern for the healthcare sector. As the data that present is very sensitive and it lead to direct impact on the health of the individuals.  Moreover, with growing numbers of interconnectedness in the world may lead to increase the attack vendors.

Furthermore, the malicious attacks are also a major concern issue for the organization operation, staff and the patients. Hence these may create a major restraining factor for the growth of the market in the forecast period.

Smart Hospital Market: Key Segments

  • Segmentation based on Component: Hardware, Systems & Software and Services.
  • Segmentation based on Connectivity: Wired and Wireless.
  • Segmentation based on Product: Smart Pill, mHealth, Telemedicine, and Electronic Health Record.
  • Segmentation based on Application: Remote Medicine Management, Medical Connected Imaging, Medical Assistance, Outpatient Vigilance and Electronic Health Record & Clinical Workflow.
  • Segmentation based on Artificial Intelligence: Offering, Technology and Application.
  • Segmentation based on region covers: North America, Europe, Asia-Pacific, Middle East & Africa and South America with individual country-level analysis.

Smart Hospital Market: Report Scope

The report on the smart hospital market covers a deep dive analysis of historic, recent and current market trends. Furthermore, market share/ranking analysis of key players, market dynamics, competition landscape, country-wise analysis for each region covered and the entire supply chain dynamics are covered through the below segmentation.

Report Features

Specifics

Historical/Estimated/Forecasted Market Size Years

2019-2027

Base Year for Market Calculation

2020

Forecasted Period

2021-2027 (2021 estimated year, forecasted up to 2027)

Measured Units

Value (USD Million)

Segments Included

Component, Connectivity, Product, Application, Artificial Intelligence, and Region

Regional Coverage

North America, Asia-Pacific, Europe, Middle East & Africa, South America

Key Companies Covered

  • GENERAL ELECTRIC COMPANY (Company Description, Company Overview, Product Synopsis, Key Developments, SWOT Analysis)
  • Koninklijke Philips NV
  • Honeywell International Inc.
  • SAP SE
  • Medtronic
  • Qualcomm Technologies, Inc.
  • Stanley Black & Decker, Inc.  (STANLEY Healthcare)
  • Microsoft
  • Allscripts Healthcare, LLC
  • Cerner Corporation
  • Other Key Companies
    • McKesson Corporation
    • Proteus Digital Health
    • AdhereTech
    • PhysIQ

Smart Hospital Market: Report Segmentation

For the scope of the report, In-depth segmentation is offered by Forencis Research

Smart Hospital Market, by Component

  • Hardware
  • Systems & Software
  • Services
    • Consulting Services
    • Integration Services
    • Support and Maintenance Services

Smart Hospital Market, by Connectivity

  • Wired
  • Wireless
    • Wi-Fi
    • RFID
    • Bluetooth

Smart Hospital Market, by Product

  • Smart Pill
  • mHealth
  • Telemedicine
  • Electronic Health Record         

Smart Hospital Market, by Application

  • Remote Medicine Management
  • Medical Connected Imaging
  • Medical Assistance
  • Outpatient Vigilance
  • Electronic Health Record & Clinical Workflow

Smart Hospital Market, by Artificial Intelligence

  • Offering
  • Technology
    • Natural Language Processing (NLP)
    • Context-Aware Processing
    • Deep Learning
  • Application

Smart Hospital Market, by Region

  • North America
    • US
    • Canada
    • Mexico
  • Asia-Pacific
    • China
    • India
    • Japan
    • Taiwan
    • South Korea
    • Rest of Asia-Pacific
  • Europe
    • Germany
    • France
    • Italy
    • UK
    • Russia
    • Rest of Europe
  • Middle East & Africa
    • Saudi Arabia
    • UAE
    • Rest of Middle East & Africa
  • South America
    • Brazil
    • Argentina
    • Rest of South America

Key Questions Answered By The Report

  • What are the prominent developments affecting the market worldwide and its growth?
  • What will be the impact of the developments in the market on the industry and on the market players in the future?
  • What are the evolving variations of the market globally?
  • What are the evolving functions of the market globally?
  • What are the prominent aspects that will affect market growth globally during the study period?
  • Who are the key players operating in the market across the globe?
  • How are the key players leveraging in the present market scenario worldwide?

Report Audience

  • Smart Hospital Market Providers
  • Smart Hospital Market Solution and Services Suppliers, Distributors and Dealers
  • End-Users of Varied Segments of Smart Hospital Market
  • Government Bodies and Intellectual Institutions
  • Associations and Industrial Organizations
  • Research & Consulting Service Providers
  • Research & Development Organizations
  • Investment Banks & Private Equity Firms

60+ MARKET TABLES AND 30+ FIGURES WILL BE INCLUDED IN THE SMART HOSPITAL MARKET STUDY

  1. INTRODUCTION
    1. Research Objectives
    2. Market Definition
    3. Research Scope
    4. Regional Coverage
    5. Research Timeline
    6. Assumptions
    7. Limitations
  2. RESEARCH DESIGN & SCOPE
    1. Introduction
    2. Primary Research
      1. Key Industry Expert Insight
    3. Secondary Research
      1. Vital Data from Secondary Sources
    4. Market Size Estimation
    5. Data Validation & Triangulation
  3. EXECUTIVE SUMMARY
  4. MARKET DYNAMICS
    1. Introduction
    2. Drivers
      1. Rising Demand of Internet of Things (IoT)
      2. Highly Adoption for Digitalization
      3. Rising Demand for Connected Medical Devices
    3. Restraint
      1. Cyber Threats in Smart Hospitals
    4. Opportunities
      1. Growing Supportive Government Programs
      2. Increasing Demand for Machine Learning, Artificial Intelligence and Cloud Computing Services
    5. Challenges
      1. Lack of Trained Professionals
      2. High Cost of Investment
  5. INDUSTRY TRENDS – PORTERS FIVE FORCES ANALYSIS
    1. Introduction
      1. Power of Buyers
      2. Power of Suppliers
      3. Intensity of Competition
      4. Challenges of Substitutes
      5. Challenges of New Entrants
    2. Macro-Economic Indicators
  6. GLOBAL SMART HOSPITAL MARKET BY COMPONENT, Market Size in USD Million (2019-2027)
    1. Introduction
    2. Hardware
    3. Systems & Software
    4. Services
      1. Consulting Services
      2. Integration Services
      3. Support and Maintenance Services
  7. GLOBAL SMART HOSPITAL MARKET BY CONNECTIVITY, Market Size in USD Million (2019-2027)
    1. Introduction
    2. Wired
    3. Wireless
      1. Wi-Fi
      2. RFID
      3. Bluetooth
  8. GLOBAL SMART HOSPITAL MARKET BY PRODUCT, Market Size in USD Million (2019-2027)
    1. Introduction
    2. Smart Pill
    3. mHealth
    4. Telemedicine
    5. Electronic Health Record
  9. GLOBAL SMART HOSPITAL MARKET BY APPLICATION, Market Size in USD Million (2019-2027)
    1. Introduction
    2. Remote Medicine Management
    3. Medical Connected Imaging
    4. Medical Assistance
    5. Outpatient Vigilance
    6. Electronic Health Record & Clinical Workflow
  10. GLOBAL SMART HOSPITAL MARKET BY ARTIFICIAL INTELLIGENCE, Market Size in USD Million (2019-2027)
    1. Introduction
    2. Offering
    3. Technology
      1. Natural Language Processing (NLP)
      2. Context–Aware Processing
      3. Deep Learning
    4. Application
  11. GLOBAL SMART HOSPITAL MARKET BY REGION, Market Size in USD Million (2019-2027)
    1. North America
      1. US
      2. Canada
      3. Mexico
    2. Europe
      1. Germany
      2. France
      3. Italy
      4. UK
      5. Russia
      6. Rest of Europe
    3. Asia-Pacific
      1. China
      2. India
      3. Japan
      4. Taiwan
      5. South Korea
      6. Rest of Asia-Pacific
    4. Middle East and Africa
      1. Saudi Arabia
      2. UAE
      3. Rest of Middle East and Africa
    5. South America
      1. Brazil
      2. Argentina
      3. Rest of South America
  12. COMPETITIVE LANDSCAPE
    1. Introduction
    2. Market Ranking/Share Analysis of Key Companies
    3. Company Benchmarking
  13. COMPANY PROFILES
    1. GENERAL ELECTRIC COMPANY
      1. Company Overview
      2. Financial Overview
      3. Products/Solutions/Services Offered
      4. Key Developments
      5. SWOT Analysis
    2. Koninklijke Philips NV
    3. Honeywell International Inc.
    4. SAP SE
    5. Medtronic
    6. Qualcomm Technologies, Inc.
    7. Stanley Black & Decker, Inc.  (STANLEY Healthcare)
    8. Microsoft
    9. Allscripts Healthcare, LLC
    10. Cerner Corporation
    11. Other Key Companies
      1. McKesson Corporation
      2. Proteus Digital Health
      3. AdhereTech
      4. PhysIQ
  14. APPENDIX
    1. Key Industry Expert Insights
    2. Primary Discussion Guide
    3. Customization Options

Note1: Tentative table of contents, may get updated during the course of research.

Note2: Company financial information is subject to availability in public domain

60+ MARKET TABLES AND 30+ FIGURES WILL BE INCLUDED IN THE STUDY

Rep Id : SC 0112

Published : September, 2020


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