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.
Market Driver:
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:
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.
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.
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Report Features |
Specifics |
|---|---|
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Historical/Estimated/Forecasted Market Size Years |
2019-2027 |
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Base Year for Market Calculation |
2020 |
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Forecasted Period |
2021-2027 (2021 estimated year, forecasted up to 2027) |
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Measured Units |
Value (USD Million) |
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Segments Included |
Component, Connectivity, Product, Application, Artificial Intelligence, and Region |
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Regional Coverage |
North America, Asia-Pacific, Europe, Middle East & Africa, South America |
For the scope of the report, In-depth segmentation is offered by Forencis Research
Smart Hospital Market, by Component
Smart Hospital Market, by Connectivity
Smart Hospital Market, by Product
Smart Hospital Market, by Application
Smart Hospital Market, by Artificial Intelligence
Smart Hospital Market, by Region
60+ MARKET TABLES AND 30+ FIGURES WILL BE INCLUDED IN THE SMART HOSPITAL MARKET STUDY
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
