Product Code: CMI4211
The global smart hospitals market is estimated to be valued at US$ 41 Billion in 2023 and is expected to exhibit a CAGR of 20.7% during the forecast period (2023-2030).
Report Coverage |
Report Details |
Base Year: |
2022 |
Market Size in 2023: |
US$ 41 Bn |
Historical Data for: |
2018 to 2021 |
Forecast Period: |
2023 - 2030 |
Forecast Period 2023 to 2030 CAGR: |
20.70% |
2030 Value Projection: |
US$ 153.3 Bn |
Global Smart Hospitals Market Share (%), By Component, 2023
The combining technological advances in medical devices (wired or wireless) to increase patient safety and efficiency in hospitals, or connecting to clinical information systems via software such hospitals are called smart hospitals. The Internet of Things (IoT) plays a key role in building intelligent hospitals through devices, system components and networks. Smart hospitals are transforming the healthcare industry as electronic devices gather information about a patient's vital signs and pass it on to doctors, allowing patients to track their records. Leading companies continuously develop innovative technologies to improve the market.
Market Dynamics
Increasing initiatives to promote the smart health hospitals are expected to drive the global Smart Hospitals market growth. For instance, in December 2021, Siriraj Hospital, a Thailand based public hospital and Huawei Technologies (Thailand) Co., Ltd., a provider of information and communications technology (ICT) infrastructure and smart devices, jointly launched "Siriraj World Class 5G Smart Hospital". The project delivers a more efficient and convenient experience to patients by introducing technologies such as 5G, cloud, and artificial intelligence.
The increasing adoption of organic growth strategies such as product launch among key market players is expected to drive market growth over the forecast period. For instance, in January 2021, Zyter Inc., a privately held company, announced the launch of Zyter Smart Hospitals, an intelligent end-to-end solution that connects hospital disparate data systems, departments, staff, and the latest Internet of Things (IoT) technology devices to Zyter's robust digital communication and collaboration platform.
Key features of the study:
- This report provides an in-depth analysis of the global smart hospitals market and provides market size (US$ Billion) and compound annual growth rate (CAGR) for the forecast period (2023-2030), considering 2022 as the base year
- It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrices for this market
- This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, market trends, regional outlook, and competitive strategies adopted by key players
- It profiles key players in the global smart hospitals market based on the following parameters-Company highlights, products portfolio, key highlights, financial performance, and strategies
- Key companies covered as a part of this study include Medtronic Plc, Koninklijke Philips N.V., GE Healthcare, Stanley Healthcare, Siemens Healthineers AG, Athenahealth, Allscripts Healthcare Solutions, Inc., Microsoft Corporation, SAP SE, Samsung Healthcare, Honeywell International Inc., Qualcomm Technologies, Inc., Itrex Group, CitiusTech Inc., and TERSO SOLUTIONS, INC.,
- Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics
- Global smart hospitals market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts
- Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global smart hospitals market
Smart Hospitals Market Detailed Segmentation:
- By Component:
- Hardware
- Software System
- Services
- By Technology:
- Cloud Computing
- Artificial Intelligence
- Wearable Technologies
- Radio Frequencies Identification
- Others
- By Application:
- Remote Medicine Management
- Medical Connected Imaging
- Medical Assistance
- Electronic Health Record
- Outpatient Vigilance
- By Connectivity:
- By Region:
- North America
- Latin America
- Europe
- Asia Pacific
- Middle East
- Africa
- Company Profiles
- Medtronic Plc
- Koninklijke Philips N.V.
- GE Healthcare
- Stanley Healthcare
- Siemens Healthineers AG
- Athenahealth
- Allscripts Healthcare Solutions, Inc.
- Microsoft Corporation
- SAP SE
- Samsung Healthcare
- Honeywell International Inc.
- Qualcomm Technologies, Inc.
- Itrex Group
- CitiusTech Inc.
- TERSO SOLUTIONS, INC.,
Table of Contents
1. Research Objectives and Assumptions
- Research Objectives
- Assumptions
- Abbreviations
2. Market Purview
- Report Description
- Market Definition and Scope
- Executive Summary
- Market Snapshot, By Component
- Market Snapshot, By Technology
- Market Snapshot, By Application
- Market Snapshot, By Connectivity
- Market Snapshot, By Region
- Coherent Opportunity Map (COM)
3. Market Dynamics, Regulations, and Trends Analysis
- Market Dynamics
- Drivers
- Restraints
- Market Opportunities
- Impact Analysis
- Recent Product Launches
- Epidemiology
- Merger, Acquisition, and Collaborations
- Regulatory Scenario
- Key Developments
- PEST Analysis
- Partnership Scenario
- Brand and Pricing Analysis
- Distributors Landscape
- Porters Analysis
- Technological Advancements
- Key Developments
- Market Trend
4. Global Smart Hospitals Market - COVID-19 Impact Analysis
- Economic Impact
- COVID-19 Epidemiology
- Impact on Supply and Demand
5. Global Smart Hospitals Market, By Component, 2018-2030, (US$ Billion)
- Introduction
- Market Share Analysis, 2023 and 2030 (%)
- Y-o-Y Growth Analysis, 2018-2030
- Segment Trends
- Hardware
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2018-2030, (US$ Billion)
- Software Systems
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2018-2030, (US$ Billion)
- Services
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2018-2030, (US$ Billion)
6. Global Smart Hospitals Market, By Technology, 2018-2030, (US$ Billion)
- Introduction
- Market Share Analysis, 2023 and 2030 (%)
- Y-o-Y Growth Analysis, 2018-2030
- Segment Trends
- Cloud Computing
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2018-2030, (US$ Billion)
- Artificial Intelligence
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2018-2030, (US$ Billion)
- Wearable Technologies
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2018-2030, (US$ Billion)
- Radio Frequency Identification
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2018-2030, (US$ Billion)
- Others
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2018-2030, (US$ Billion)
7. Global Smart Hospitals Market, By Application, 2018-2030, (US$ Billion)
- Introduction
- Market Share Analysis, 2023 and 2030 (%)
- Y-o-Y Growth Analysis, 2018-2030
- Segment Trends
- Remote Medicine Management
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2018-2030, (US$ Billion)
- Medical Connected Imaging
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2018-2030, (US$ Billion)
- Medical Assistance
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2018-2030, (US$ Billion)
- Electronic Health Record
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2018-2030, (US$ Billion)
- Outpatient Vigilance
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2018-2030, (US$ Billion)
8. Global Smart Hospitals Market, By Connectivity, 2018-2030, (US$ Billion)
- Introduction
- Market Share Analysis, 2023 and 2030 (%)
- Y-o-Y Growth Analysis, 2018-2030
- Segment Trends
- Wired
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2018-2030, (US$ Billion)
- Wireless
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2018-2030, (US$ Billion)
9. Global Smart Hospitals Market By Region, 2018-2030, (US$ Billion)
- Introduction
- Market Share Analysis, By Region, 2023 and 2030 (%)
- Y-o-Y Growth Analysis, For Regions, 2018-2030
- Regional Trends
- North America
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, By Component, 2018 - 2030, (US$ Billion)
- Market Size and Forecast, and Y-o-Y Growth, By Technology, 2018-2030, (US$ Billion)
- Market Size and Forecast, and Y-o-Y Growth, By Application, 2018-2030, (US$ Billion)
- Market Size and Forecast, and Y-o-Y Growth, By Connectivity, 2018-2030, (US$ Billion)
- Market Size and Forecast, and Y-o-Y Growth, By Country , 2018 - 2030, (US$ Billion)
- U.S.
- Canada
- Latin America
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, By Component, 2018 - 2030, (US$ Billion)
- Market Size and Forecast, and Y-o-Y Growth, By Technology, 2018-2030, (US$ Billion)
- Market Size and Forecast, and Y-o-Y Growth, By Application, 2018-2030, (US$ Billion)
- Market Size and Forecast, and Y-o-Y Growth, By Connectivity, 2018-2030, (US$ Billion)
- Market Size and Forecast, and Y-o-Y Growth, By Country, 2018- 2030, (US$ Billion)
- Brazil
- Mexico
- Argentina
- Rest of Latin America
- Europe
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, By Component, 2018 - 2030, (US$ Billion)
- Market Size and Forecast, and Y-o-Y Growth, By Technology, 2018-2030, (US$ Billion)
- Market Size and Forecast, and Y-o-Y Growth, By Application, 2018-2030, (US$ Billion)
- Market Size and Forecast, and Y-o-Y Growth, By Connectivity, 2018-2030, (US$ Billion)
- Market Size and Forecast, and Y-o-Y Growth, By Country, 2018- 2030, (US$ Billion)
- U.K.
- Germany
- Italy
- France
- Spain
- Russia
- Rest of Europe
- Asia Pacific
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, By Component, 2018 - 2030, (US$ Billion)
- Market Size and Forecast, and Y-o-Y Growth, By Technology, 2018-2030, (US$ Billion)
- Market Size and Forecast, and Y-o-Y Growth, By Application, 2018-2030, (US$ Billion)
- Market Size and Forecast, and Y-o-Y Growth, By Connectivity, 2018-2030, (US$ Billion)
- Market Size and Forecast, and Y-o-Y Growth, By Country, 2018- 2030, (US$ Billion)
- China
- India
- Japan
- ASEAN
- Australia
- South Korea
- Rest of Asia Pacific
- Middle East
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, By Component, 2018 - 2030, (US$ Billion)
- Market Size and Forecast, and Y-o-Y Growth, By Technology, 2018-2030, (US$ Billion)
- Market Size and Forecast, and Y-o-Y Growth, By Application, 2018-2030, (US$ Billion)
- Market Size and Forecast, and Y-o-Y Growth, By Connectivity, 2018-2030, (US$ Billion)
- Market Size and Forecast, and Y-o-Y Growth, By Country, 2018- 2030, (US$ Billion)
- GCC
- Israel
- Rest of Middle East
- Africa
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, By Component, 2018 - 2030, (US$ Billion)
- Market Size and Forecast, and Y-o-Y Growth, By Technology, 2018-2030, (US$ Billion)
- Market Size and Forecast, and Y-o-Y Growth, By Application, 2018-2030, (US$ Billion)
- Market Size and Forecast, and Y-o-Y Growth, By Connectivity, 2018-2030, (US$ Billion)
- Market Size and Forecast, and Y-o-Y Growth, By Country/Region, 2018- 2030, (US$ Billion)
- North Africa
- Central Africa
- South Africa
10. Competitive Landscape
- Medtronic Plc
- Company Highlights
- Product Portfolio
- Key Highlights
- Financial Performance
- Market Strategies
- Koninklijke Philips N.V.
- Company Highlights
- Product Portfolio
- Key Highlights
- Financial Performance
- Market Strategies
- GE Healthcare
- Company Highlights
- Product Portfolio
- Key Highlights
- Financial Performance
- Market Strategies
- Stanley Healthcare
- Company Highlights
- Product Portfolio
- Key Highlights
- Financial Performance
- Market Strategies
- Siemens Healthineers AG
- Company Highlights
- Product Portfolio
- Key Highlights
- Financial Performance
- Market Strategies
- Athenahealth
- Company Highlights
- Product Portfolio
- Key Highlights
- Financial Performance
- Market Strategies
- Allscripts Healthcare Solutions, Inc.
- Company Highlights
- Product Portfolio
- Key Highlights
- Financial Performance
- Market Strategies
- Microsoft Corporation
- Company Highlights
- Product Portfolio
- Key Highlights
- Financial Performance
- Market Strategies
- SAP SE
- Company Highlights
- Product Portfolio
- Key Highlights
- Financial Performance
- Market Strategies
- Samsung Healthcare
- Company Highlights
- Product Portfolio
- Key Highlights
- Financial Performance
- Market Strategies
- Honeywell International Inc.
- Company Highlights
- Product Portfolio
- Key Highlights
- Financial Performance
- Market Strategies
- Qualcomm Technologies, Inc.
- Company Highlights
- Product Portfolio
- Key Highlights
- Financial Performance
- Market Strategies
- Itrex Group
- Company Highlights
- Product Portfolio
- Key Highlights
- Financial Performance
- Market Strategies
- CitiusTech Inc.
- Company Highlights
- Product Portfolio
- Key Highlights
- Financial Performance
- Market Strategies
- TERSO SOLUTIONS, INC.,
- Company Highlights
- Product Portfolio
- Key Highlights
- Financial Performance
- Market Strategies
11. Section
- Research Methodology
- About Us