Smart Hospital Market by Services Rendered (General, Specialty, and Super Specialty) worth 63.49 Billion USD by 2023

[176 Pages Report] The smart hospital market was valued at USD 13.52 Billion in 2016 and is expected reach USD 63.49 Billion by 2023, at a CAGR of 24.00% from 2017 to 2023. The base year used for this study is 2016 and the forecast period is between 2017 and 2023. This report provides a detailed analysis of the market based on component, connectivity, service rendered, artificial intelligence, application, and region. The report also provides detailed information regarding the major factors influencing the growth of the market (drivers, restraints, opportunities, and challenges). Moreover, the report provides industry trends, insights based on the value chain analysis, and strategic benchmarking of the market.

“Outpatient vigilance application is expected to grow at the highest CAGR during the forecast period”

Outpatient vigilance technology allows healthcare facility to effectively monitor every patient bed and constantly monitor a patient’s status without having to connect cables, leads, and sensors to the individual. This is the key factor behind the growth of outpatient vigilance application.

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“Systems and software component of the smart hospital market expected to grow at the highest CAGR between 2017 and 2023”

The systems and software segment mainly focuses on device management and integration, information security, data collection, and data analytics. In addition, it helps to create a high degree of smart characteristics and autonomy among healthcare providers, hospital infrastructure, and patients. This drives the growth of the system and software segment during the forecast period.

“The smart hospital market in APAC expected to grow at the highest rate during the forecast period”

The reason behind the growth in APAC is the increasing number of hospitals and surgical centers in the region. Furthermore, the modernization of the healthcare infrastructure, rising start-up companies, and mergers & acquisitions in the healthcare sector has aided the growth of the healthcare industry in China, Japan, India, and South Korea.

The major players in the smart hospital market are Medtronic (Ireland), Philips (Netherlands), Microsoft (US), GE Healthcare (US) and Qualcomm Life (US), Honeywell Life Care Solutions (US), SAP (Germany), Allscripts (US), Allengers (India), Siemens AG (Germany), and CitiusTech Inc. (US), Infor (US), Athenahealth (US), PhysIQ (US), Diabetizer (Germany), AdhereTech (US), Epic (US), GlucoVista (US), STANLEY Healthcare (US), Cerner Corporation (US), and McKesson (US).