New York, NY -- (SBWire) -- 02/05/2020 --The updated 'Global Smart Hospitals Market Report 2030' is now available with Market Industry Reports. Researchers have provided detailed analysis on ongoing trends and developments in the product, product preference by large end-users, and strategies adopted by the key players for the competitors to identify opportunities and expand considerably. 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.
Some Of The Prominent Players In The Global Smart Hospitals Market Are:
Koninklijke Philips N.V., GENERAL ELECTRIC COMPANY, Medtronic, Cerner Corporation, STANLEY Healthcare, Qualcomm Technologies, Inc., McKesson Corporation, Resideo Technologies, Inc., Microsoft, and Allscripts Healthcare, LLC., among others.
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Technological Advancement:
The Internet of things (IoT) is currently being embedded in multiple markets, including healthcare. These devices streamline processes, enabling healthcare practitioners to save time. Medical devices integrated with the IoT help in remote patient monitoring and improve patient care. For instance, the Kinect HoloLens Assisted Rehabilitation Experience (KHARE) platform was developed by Microsoft in conjunction with the National Institute for Insurance Against Accidents at Work (INAIL) for the mirror neuron therapy. This KHARE platform permits real-time data feeds, allowing practitioners to create complete & personalized physical therapy programs for patients at any place. This platform is currently undergoing a clinical study that is anticipated to end in 2020.
Technological advancements in the healthcare sector are playing a pivotal role in improving care quality and patient experience. 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.
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The Global Smart Hospitals Market Is Segmented By Component, Connectivity And Application.
Smart Hospital Market By Component
Based on component, the smart hospitals market can be segmented into hardware, system & software, and services. The system & software segment is anticipated to grow at the highest CAGR during the forecast period owing to its extensive applications including data collection, security, and data analytics.
Smart Hospital Market By Connectivity
Based on connectivity, the market can be segmented into wired & wireless devices. The wireless segment is estimated to account for the largest market share owing to the broad spectrum of benefits that they offer. Wireless devices help healthcare providers to capture & monitor data with convenience. Moreover, they are capable of connecting to a private & public clouds. This helps to automatically trigger certain events and transform patient care.
Smart Hospital Market By Application
Based on the application, the market is segmented into remote medicine management, Electronic Health Record (EHR), medical assistance, outpatient vigilance, and medical connected imaging. The outpatient vigilance segment is anticipated to grow at the highest CAGR during the forecast period owing to the convenience that they offer to healthcare providers. The segment enables interconnections between medical & surgical instruments, further allowing practitioners to effectively monitor the health conditions of patients without the need for sensors.
Table of Contents
1. INTRODUCTION
1. Market Definition
2. Market Classification
3. Geographic Scope
4. Years Considered for the Study: Historical Years – 2016 & 2017; Base Year – 2018; Forecast Years – 2019 to 2030
5. Currency Used
2. RESEARCH METHODOLOGY
1. Research Framework
2. Data Collection Technique
3. Data Sources
1. Secondary Sources
2. Primary Sources
4. Market Estimation Methodology
1. Bottoms Up Approach
2. Top Down Approach
5. Data Validation and Triangulation
1. Market Forecast Model
2. Limitations/Assumptions of the Study
3. ABSTRACT OF THE STUDY
4. MARKET DYNAMICS ASSESSMENT
1. Overview
2. Drivers
3. Barriers/Challenges
4. Opportunities
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Smart Hospitals Market Technological Analysis Is Anticipated to Grow at a CAGR of 23.6% from 2019 to 2030
Recent report on ‘Global Smart Hospitals Market’ has been updated thoroughly and can be availed from Market Industry Reports (MIR). The research report comprises key information on the trending product, end users’ requirements, and competitors’ information. It is anticipated to grow at a CAGR of 23.6% from 2019 to 2030