The Global Smart Hospitals Market is likely to gain from increasing incidence of chronic diseases and further rising demand for hospitals, finds Fortune Business Insights in a report, titled “Smart Hospitals Market Size, Share and Global Trend By Component (Software, Hardware, Services), Application (Electronic Health Records (EHR), Remote Medicine Engagement, Clinical Workflow, Medical Assistance), Connectivity (Wired, Wireless), Technology (Artificial Intelligence, Internet of Things, Cloud Computing, Big Data) and Geography Forecast till 2026.”
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The rapidly developing healthcare infrastructure in the gulf nations is likely to contribute towards market expansion. High per capita healthcare spending in the gulf nations and governments funding for improving healthcare infrastructure are some factors anticipated to enable growth in the market. The smart hospitals market in Asia Pacific is likely to expand over the forecast period. Owing to increasing demand for intelligent system in nations such as China and India, is foreseen to propel growth.
Amazon, JP Morgan, and Berkshire Collaborated to Gain Strong Brand Presence in Market
The global smart hospitals market is progressing at an impressive pace. Opportunities prevalent in the market are attracting new players. Key players are adopting innovative strategies to attain a strong brand presence in the market. Some players are involved in mergers and acquisition also to gain a higher share in the market. For instance, Berkshire Hathaway, JP Morgan Chase & Co., and Amazon got into a collaboration in 2018, to offer healthcare services to their employees working in the U.S. This is expected to fuel the demand for smart hospitals in the market.
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Some of the key companies operating in the global smart hospitals market are Medtronic, GENERAL ELECTRIC COMPANY, Cerner Corporation, McKesson Corporation, Infor, AdhereTech., Allscripts, athenahealth, Inc., Diabetizer GmbH & Co. KG, Siemens AG, Qualcomm Life, IBM Corporation, Inc., Microsoft, Koninklijke Philips N.V., NVIDIA Corporation, Next IT Corp., and STANLEY Healthcare.
Segmentation
By Component
- Software
- Hardware
- Services
By Application
- Electronic Health Records (EHR)
- Remote Medicine Engagement
- Clinical Workflow
- Medical Assistance
- Others
By Connectivity
- Wired
- Wireless
By Technology
- Artificial Intelligence
- Internet of Things
- Cloud Computing
- Big Data
- Others
By Geography
- North America (USA and Canada)
- Europe (UK, Germany, France, Italy, Spain, Scandinavia and Rest of Europe)
- Asia Pacific (Japan, China, India, Australia, Southeast Asia and Rest of Asia Pacific)
- Latin America (Brazil, Mexico and Rest of Latin America)
- Middle East & Africa (South Africa, GCC and Rest of Middle East & Africa)
Longer Hospital Stays to Drive the Market
Increasing hospital stays and increasing demand for workflow efficiency are some factors anticipated to drive the global market. Moreover, rising need to improve clinical procedure and rising willingness among people to spend on quality healthcare services are factors expected to fuel demand for smart hospitals.
Technological advancements and upgrades are likely to facilitate rapid adoption of smart hospitals. For instance, EIR Healthcare designed the world’s first application of modular technology and prefabrication of hospital rooms in 2018. The app is developed to facilitate minimal budget and faster delivery.
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