Smart Hospital Market Research Report- Global Forecast 2032

Smart Hospital Market Research Report Information By Type (General Services, Specialty, Super-Specialty), By Application (Remote Medicine Management, Outpatient Vigilance, Medical Assistance, Medical Connected Imaging, Electronic Health Record, Clinic Workflow), And By Region (North America, Europe, Asia-Pacific, And Rest Of The World) โ€“ Industry Size, Share and Forecast Till 2032

ID: MRFR/SEM/3090-CR | 101 Pages | Author: Aarti Dhapte | April 2023         

1 Executive Summary

2 Market Introduction

2.1 Definition 15

2.2 Scope of the Study 15

2.3 List of Assumptions 15

2.4 Market Structure 16

3 Market Insights

4 Research Methodology

4.1 Research Process 21

4.2 Forecast Model 25

5 Market Dynamics

5.1 Introduction 27

5.2 Drivers 27

5.2.1 Increasing demand for cost-efficient solutions 27

5.2.2 Integration of IoT with medical devices 27

5.2.3 Drivers Impact Analysis 28

5.3 Restraint 28

5.3.1 Lack of Competence in Deploying IoT Solutions in Hospitals 28

5.4 Market Trend 28

5.4.1 Blockchain Technology 28

6 Market Factor Analysis

6.1 Value Chain Analysis 30

6.2 Porterโ€™s Five Forces Model 30

6.2.1 Threat of New Entrants 31

6.2.2 Bargaining Power of Suppliers 31

6.2.3 Bargaining Power of Buyers 31

6.2.4 Threat of Substitutes 31

6.2.5 Intensity of Rivalry 31

7 Global Smart Hospital Market, By Type

7.1 Overview 33

7.1.1 General services 33

7.1.2 Specialty 33

7.1.3 Super-Specialty 33

8 Global Smart Hospital Market, By Application

8.1 Overview 36

8.1.1 Electronic Health Record and Clinic Workflow 36

8.1.2 Remote Medicine Management 36

8.1.3 Medical Connected Imaging 36

8.1.4 Outpatient Vigilance 37

8.1.5 Medical Assistance 37

9 Global Smart Hospital Market, By Region

9.1 Overview 40

9.2 North America 42

9.2.1 US 45

9.2.2 Canada 46

9.2.3 Mexico 48

9.3 Europe 49

9.3.1 Germany 53

9.3.2 UK 54

9.3.3 France 56

9.3.4 Rest of Europe 57

9.4 Asia-Pacific 59

9.4.1 China 63

9.4.2 Japan 64

9.4.3 India 65

9.4.4 Rest of Asia-Pacific 67

9.4.5 South-East Asia 68

9.5 Rest of the World 70

9.5.1 Middle East & Africa 73

9.5.2 Latin America 74

10 Competitive Landscape

10.1 Competitive Landscape 77

11 Company Profiles

11.1 McKesson Corporation 79

11.1.1 Company Overview 79

11.1.2 Financial Overview 79

11.1.3 Products/Services/Solutions Offered 80

11.1.4 Key Developments 80

11.1.5 SWOT Analysis 80

11.1.6 Key Strategy 80

11.2 GE Healthcare 81

11.2.1 Company Overview 81

11.2.2 Financial Overview 81

11.2.3 Products/Services/Solutions Offered 82

11.2.4 SWOT Analysis 82

11.2.5 Key Developments 82

11.2.6 Key Strategy 83

11.3 Honeywell Life Care Solutions 84

11.3.1 Company Overview 84

11.3.2 Financial Overview 84

11.3.3 Products/Services/Solutions Offered 85

11.3.4 Key Developments 85

11.3.5 SWOT Analysis 85

11.3.6 Key Strategy 86

11.4 Siemens Healthineers 87

11.4.1 Company Overview 87

11.4.2 Financial Overview 87

11.4.3 Products Offerings 88

11.4.4 Key Developments 88

11.4.5 SWOT Analysis 88

11.4.6 Key Strategy 88

11.5 Koninklijke Philips N.V. 89

11.5.1 Company Overview 89

11.5.2 Financial Overview 89

11.5.3 Products/Services/Solutions Offered 90

11.5.4 Key Developments 90

11.5.5 SWOT Analysis 90

11.5.6 Key Strategy 90

11.6 Cerner Corporation 91

11.6.1 Company Overview 91

11.6.2 Financial Overview 91

11.6.3 Products/Services/Solutions Offered 92

11.6.4 Key Developments 92

11.6.5 SWOT Analysis 92

11.6.6 Key Strategy 92

11.7 Medtronic PLC. 93

11.7.1 Company Overview 93

11.7.2 Financial Overview 93

11.7.3 Products/Services/Solutions Offered 94

11.7.4 Key Developments 94

11.7.5 SWOT Analysis 94

11.7.6 Key Strategy 95

11.8 Qualcomm Life 96

11.8.1 Company Overview 96

11.8.2 Financial Overview 96

11.8.3 Product/Technology Offerings 97

11.8.4 Key Developments 97

11.8.5 SWOT Analysis 97

11.8.6 Key Strategy 98

11.9 Allengers Groups 99

11.9.1 Company Overview 99

11.9.2 Products/Services/Solutions Offered 99

11.9.3 SWOT Analysis 99

11.10 AdhereTech 100

11.10.1 Company Overview 100

11.10.2 Products/Services/Solutions Offered 100

11.10.3 Key Developments 100

12 List of Tables

TABLE 1 MARKET SYNOPSIS 13

TABLE 2 LIST OF ASSUMPTIONS 15

TABLE 3 GLOBAL SMART HOSPITAL MARKET, BY TYPE, 2023-2032 (USD MILLION) 34

TABLE 4 GLOBAL SMART HOSPITAL MARKET, BY APPLICATION, 2023-2032 (USD MILLION) 38

TABLE 5 GLOBAL SMART HOSPITAL MARKET, BY REGION, 2023-2032 (USD MILLION) 41

TABLE 6 NORTH AMERICA SMART HOSPITAL MARKET, BY COUNTRY, 2023-2032 (USD MILLION) 42

TABLE 7 NORTH AMERICA SMART HOSPITAL MARKET, BY TYPE, 2023-2032 (USD MILLION) 43

TABLE 8 NORTH AMERICA SMART HOSPITAL MARKET, BY APPLICATION, 2023-2032 (USD MILLION) 44

TABLE 9 US SMART HOSPITAL MARKET, BY TYPE, 2023-2032 (USD MILLION) 45

TABLE 10 US SMART HOSPITAL MARKET, BY APPLICATION, 2023-2032 (USD MILLION) 46

TABLE 11 CANADA SMART HOSPITAL MARKET, BY TYPE, 2023-2032 (USD MILLION) 46

TABLE 12 CANADA SMART HOSPITAL MARKET, BY APPLICATION, 2023-2032 (USD MILLION) 47

TABLE 13 MEXICO SMART HOSPITAL MARKET, BY TYPE, 2023-2032 (USD MILLION) 48

TABLE 14 MEXICO SMART HOSPITAL MARKET, BY APPLICATION, 2023-2032 (USD MILLION) 48

TABLE 15 EUROPE SMART HOSPITAL MARKET, BY COUNTRY, 2023-2032(USD MILLION) 50

TABLE 16 EUROPE SMART HOSPITAL MARKET, BY TYPE, 2023-2032(USD MILLION) 51

TABLE 17 EUROPE SMART HOSPITAL MARKET, BY APPLICATION, 2023-2032(USD MILLION) 52

TABLE 18 GERMANY SMART HOSPITAL MARKET, BY TYPE, 2023-2032 (USD MILLION) 53

TABLE 19 GERMANY SMART HOSPITAL MARKET, BY APPLICATION, 2023-2032 (USD MILLION) 54

TABLE 20 UK SMART HOSPITAL MARKET, BY TYPE, 2023-2032 (USD MILLION) 54

TABLE 21 UK SMART HOSPITAL MARKET, BY APPLICATION, 2023-2032 (USD MILLION) 55

TABLE 22 FRANCE SMART HOSPITAL MARKET, BY TYPE, 2023-2032 (USD MILLION) 56

TABLE 23 FRANCE SMART HOSPITAL MARKET, BY APPLICATION, 2023-2032 (USD MILLION) 56

TABLE 24 REST OF EUROPE SMART HOSPITAL MARKET, BY TYPE, 2023-2032 (USD MILLION) 57

TABLE 25 REST OF EUROPE SMART HOSPITAL MARKET, BY APPLICATION, 2023-2032 (USD MILLION) 58

TABLE 26 ASIA-PACIFIC SMART HOSPITAL MARKET, BY COUNTRY, 2023-2032 (USD MILLION) 59

TABLE 27 ASIA-PACIFIC SMART HOSPITAL MARKET, BY TYPE, 2023-2032(USD MILLION) 61

TABLE 28 ASIA-PACIFIC SMART HOSPITAL MARKET, BY APPLICATION, 2023-2032(USD MILLION) 62

TABLE 29 CHINA SMART HOSPITAL MARKET, BY TYPE, 2023-2032 (USD MILLION) 63

TABLE 30 CHINA SMART HOSPITAL MARKET, BY APPLICATION, 2023-2032 (USD MILLION) 63

TABLE 31 JAPAN SMART HOSPITAL MARKET, BY TYPE, 2023-2032 (USD MILLION) 64

TABLE 32 JAPAN SMART HOSPITAL MARKET, BY APPLICATION, 2023-2032 (USD MILLION) 65

TABLE 33 INDIA SMART HOSPITAL MARKET, BY TYPE, 2023-2032 (USD MILLION) 65

TABLE 34 INDIA SMART HOSPITAL MARKET, BY APPLICATION, 2023-2032 (USD MILLION) 66

TABLE 35 REST OF ASIA-PACIFIC SMART HOSPITAL MARKET, BY TYPE, 2023-2032 (USD MILLION) 67

TABLE 36 REST OF ASIA-PACIFIC SMART HOSPITAL MARKET, BY APPLICATION, 2023-2032 (USD MILLION) 67

TABLE 37 SOUTH-EAST ASIA SMART HOSPITAL MARKET, BY TYPE, 2023-2032 (USD MILLION) 68

TABLE 38 SOUTH-EAST ASIA SMART HOSPITAL MARKET, BY APPLICATION, 2023-2032 (USD MILLION) 69

TABLE 39 REST OF THE WORLD SMART HOSPITAL MARKET, BY COUNTRY, 2023-2032 (USD MILLION) 70

TABLE 40 REST OF THE WORLD SMART HOSPITAL MARKET, BY TYPE, 2023-2032(USD MILLION) 71

TABLE 41 REST OF THE WORLD SMART HOSPITAL MARKET, BY APPLICATION, 2023-2032(USD MILLION) 72

TABLE 42 MIDDLE EAST & AFRICA SMART HOSPITAL MARKET, BY TYPE, 2023-2032 (USD MILLION) 73

TABLE 43 MIDDLE EAST & AFRICA SMART HOSPITAL MARKET, BY APPLICATION, 2023-2032 (USD MILLION) 74

TABLE 44 LATIN AMERICA SMART HOSPITAL MARKET, BY TYPE, 2023-2032 (USD MILLION) 74

TABLE 45 LATIN AMERICA SMART HOSPITAL MARKET, BY APPLICATION, 2023-2032 (USD MILLION) 75

13 List of Figures

FIGURE 1 GLOBAL SMART HOSPITAL MARKET: MARKET STRUCTURE 16

FIGURE 2 NORTH AMERICA MARKET SIZE & MARKET SHARE BY COUNTRY (2020 VS 2027) 18

FIGURE 3 EUROPE MARKET SIZE & MARKET SHARE BY COUNTRY (2020 VS 2027) 18

FIGURE 4 ASIA-PACIFIC & MARKET SHARE BY COUNTRY (2020 VS 2027) 19

FIGURE 5 REST OF THE WORLD MARKET SIZE & MARKET SHARE BY COUNTRY (2020 VS 2027) 19

FIGURE 6 TOP DOWN & BOTTOM UP APPROACH 24

FIGURE 7 DRO ANALYSIS OF GLOBAL SMART HOSPITAL MARKET 27

FIGURE 8 DRIVERS IMPACT ANALYSIS: SMART HOSPITAL MARKET 28

FIGURE 9 VALUE CHAIN: SMART HOSPITAL MARKET 30

FIGURE 10 PORTER'S FIVE FORCES ANALYSIS OF THE GLOBAL SMART HOSPITAL MARKET 30

FIGURE 11 GLOBAL SMART HOSPITAL MARKET, BY TYPE, 2023 TO 2032 (USD MILLION) 34

FIGURE 12 GLOBAL SMART HOSPITAL MARKET, BY APPLICATION, 2023 TO 2032 (USD MILLION) 37

FIGURE 13 GLOBAL SMART HOSPITAL MARKET, BY REGION, 2023 TO 2032 (USD MILLION) 40

FIGURE 14 NORTH AMERICA SMART HOSPITAL MARKET, BY COUNTRY, 2023 TO 2032 (USD MILLION) 42

FIGURE 15 NORTH AMERICA SMART HOSPITAL MARKET, BY TYPE, 2023 TO 2032 (USD MILLION) 43

FIGURE 16 NORTH AMERICA SMART HOSPITAL MARKET, BY APPLICATION, 2023 TO 2032(USD MILLION) 44

FIGURE 17 EUROPE SMART HOSPITAL MARKET, BY COUNTRY, 2023 TO 2032(USD MILLION) 49

FIGURE 18 EUROPE SMART HOSPITAL MARKET, BY TYPE, 2023 TO 2032 (USD MILLION) 51

FIGURE 19 EUROPE SMART HOSPITAL MARKET, BY APPLICATION, 2023 TO 2032 (USD MILLION) 52

FIGURE 20 ASIA-PACIFIC SMART HOSPITAL MARKET, BY COUNTRY, 2023 TO 2032 (USD MILLION) 59

FIGURE 21 ASIA-PACIFIC SMART HOSPITAL MARKET, BY TYPE, 2023 TO 2032 (USD MILLION) 60

FIGURE 22 ASIA-PACIFIC SMART HOSPITAL MARKET, BY APPLICATION 2023 TO 2032 (USD MILLION) 61

FIGURE 23 REST OF THE WORLD SMART HOSPITAL MARKET, BY COUNTRY, 2023 TO 2032 (USD MILLION) 70

FIGURE 24 REST OF THE WORLD SMART HOSPITAL MARKET, BY TYPE, 2023 TO 2032(USD MILLION) 71

FIGURE 25 REST OF THE WORLD SMART HOSPITAL MARKET, BY APPLICATION, 2023 TO 2032 (USD MILLION) 72

FIGURE 26 BENCHMARKING OF MAJOR COMPETITORS 77

Smart Hospital Market Segmentation


Smart Hospital Type Outlook (USD Billion, 2019-2032)




  • General Services




  • Specialty




  • Super-Specialty




Smart Hospital Application Outlook (USD Billion, 2019-2032)




  • Remote medicine management




  • Outpatient vigilance




  • Medical assistance




  • Medical connected imaging




  • Electronic health record




  • Clinic workflow




Smart Hospital Regional Outlook (USD Billion, 2019-2032)




  • North AmericaOutlook (USD Billion, 2019-2032)




    • North America Smart Hospital by Type




      • General Services




      • Specialty




      • Super-Specialty






    • North America Smart Hospital by Application




      • Remote medicine management




      • Outpatient vigilance




      • Medical assistance




      • Medical connected imaging




      • Electronic health record




      • Clinic workflow






    • USOutlook (USD Billion, 2019-2032)




    • US Smart Hospital by Type




      • General Services




      • Specialty




      • Super-Specialty






    • US Smart Hospital by Application




      • Remote medicine management




      • Outpatient vigilance




      • Medical assistance




      • Medical connected imaging




      • Electronic health record




      • Clinic workflow






    • CANADA Outlook (USD Billion, 2019-2032)




    • CANADA Smart Hospital by Type




      • General Services




      • Specialty




      • Super-Specialty






    • CANADA Smart Hospital by Application




      • Remote medicine management




      • Outpatient vigilance




      • Medical assistance




      • Medical connected imaging




      • Electronic health record




      • Clinic workflow








  • Europe Outlook (USD Billion, 2019-2032)




    • Europe Smart Hospital by Type




      • General Services




      • Specialty




      • Super-Specialty






    • Europe Smart Hospital by Application




      • Remote medicine management




      • Outpatient vigilance




      • Medical assistance




      • Medical connected imaging




      • Electronic health record




      • Clinic workflow






    • Germany Outlook (USD Billion, 2019-2032)




    • Germany Smart Hospital by Type




      • General Services




      • Specialty




      • Super-Specialty






    • Germany Smart Hospital by Application




      • Remote medicine management




      • Outpatient vigilance




      • Medical assistance




      • Medical connected imaging




      • Electronic health record




      • Clinic workflow






    • France Outlook (USD Billion, 2019-2032)




    • France Smart Hospital by Type




      • General Services




      • Specialty




      • Super-Specialty






    • France Smart Hospital by Application




      • Remote medicine management




      • Outpatient vigilance




      • Medical assistance




      • Medical connected imaging




      • Electronic health record




      • Clinic workflow






    • UK Outlook (USD Billion, 2019-2032)




    • UK Smart Hospital by Type




      • General Services




      • Specialty




      • Super-Specialty






    • UK Smart Hospital by Application




      • Remote medicine management




      • Outpatient vigilance




      • Medical assistance




      • Medical connected imaging




      • Electronic health record




      • Clinic workflow






    • ITALY Outlook (USD Billion, 2019-2032)




    • ITALY Smart Hospital by Type




      • General Services




      • Specialty




      • Super-Specialty






    • ITALY Smart Hospital by Application




      • Remote medicine management




      • Outpatient vigilance




      • Medical assistance




      • Medical connected imaging




      • Electronic health record




      • Clinic workflow






    • SPAIN Outlook (USD Billion, 2019-2032)




    • Spain Smart Hospital by Type




      • General Services




      • Specialty




      • Super-Specialty






    • Spain Smart Hospital by Application




      • Remote medicine management




      • Outpatient vigilance




      • Medical assistance




      • Medical connected imaging




      • Electronic health record




      • Clinic workflow






    • Rest Of EuropeOutlook (USD Billion, 2019-2032)




    • Rest Of Europe Smart Hospital by Type




      • General Services




      • Specialty




      • Super-Specialty






    • REST OF EUROPE Smart Hospital by Application




      • Remote medicine management




      • Outpatient vigilance




      • Medical assistance




      • Medical connected imaging




      • Electronic health record




      • Clinic workflow








  • Asia-PacificOutlook (USD Billion, 2019-2032)




    • Asia-Pacific Smart Hospital by Type




      • General Services




      • Specialty




      • Super-Specialty






    • Asia-Pacific Smart Hospital by Application




      • Remote medicine management




      • Outpatient vigilance




      • Medical assistance




      • Medical connected imaging




      • Electronic health record




      • Clinic workflow






    • China Outlook (USD Billion, 2019-2032)




    • China Smart Hospital by Type




      • General Services




      • Specialty




      • Super-Specialty






    • China Smart Hospital by Application




      • Remote medicine management




      • Outpatient vigilance




      • Medical assistance




      • Medical connected imaging




      • Electronic health record




      • Clinic workflow






    • Japan Outlook (USD Billion, 2019-2032)




    • Japan Smart Hospital by Type




      • General Services




      • Specialty




      • Super-Specialty






    • Japan Smart Hospital by Application




      • Remote medicine management




      • Outpatient vigilance Medical assistance




      • Medical connected imaging




      • Electronic health record




      • Clinic workflow






    • India Outlook (USD Billion, 2019-2032)




    • India Smart Hospital by Type




      • General Services




      • Specialty




      • Super-Specialty






    • India Smart Hospital by Application




      • Remote medicine management




      • Outpatient vigilance




      • Medical assistance




      • Medical connected imaging




      • Electronic health record




      • Clinic workflow






    • Australia Outlook (USD Billion, 2019-2032)




    • Australia Smart Hospital by Type




      • General Services




      • Specialty




      • Super-Specialty






    • Australia Smart Hospital by Application




      • Remote medicine management




      • Outpatient vigilance




      • Medical assistance




      • Medical connected imaging




      • Electronic health record




      • Clinic workflow






    • Rest of Asia-PacificOutlook (USD Billion, 2019-2032)




    • Rest of Asia-Pacific Smart Hospital by Type




      • General Services




      • Specialty




      • Super-Specialty






    • Rest of Asia-Pacific Smart Hospital by Application




      • Remote medicine management




      • Outpatient vigilance




      • Medical assistance




      • Medical connected imaging




      • Electronic health record




      • Clinic workflow








  • Rest of the World Outlook (USD Billion, 2019-2032)




    • Rest of the World Smart Hospital by Type




      • General Services




      • Specialty




      • Super-Specialty






    • Rest of the World Smart Hospital by Application




      • Remote medicine management




      • Outpatient vigilance




      • Medical assistance




      • Medical connected imaging




      • Electronic health record




      • Clinic workflow






    • Middle East Outlook (USD Billion, 2019-2032)




    • Middle East Smart Hospital by Type




      • General Services




      • Specialty




      • Super-Specialty






    • Middle East Smart Hospital by Application




      • Remote medicine management




      • Outpatient vigilance




      • Medical assistance




      • Medical connected imaging




      • Electronic health record




      • Clinic workflow






    • Africa Outlook (USD Billion, 2019-2032)




    • Africa Smart Hospital by Type




      • General Services




      • Specialty




      • Super-Specialty






    • Africa Smart Hospital by Application




      • Remote medicine management




      • Outpatient vigilance




      • Medical assistance




      • Medical connected imaging




      • Electronic health record




      • Clinic workflow






    • Latin AmericaOutlook (USD Billion, 2019-2032)




    • Latin America Smart Hospital by Type




      • General Services




      • Specialty




      • Super-Specialty






    • Latin America Smart Hospital by Application




      • Remote medicine management




      • Outpatient vigilance




      • Medical assistance




      • Medical connected imaging




      • Electronic health record




      • Clinic workflow







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Research Methodology on Smart Hospital Market


Introduction


Smart Hospital Market is becoming more and more significant in the healthcare industry due to its various advantages such as improved patient care, cost savings, and improved patient outcomes. It is a type of hospital management system which consists of a convergence of various technological developments and existing hospital systems that can further result in the monitoring and streamlining of the entire hospital or healthcare system. Smart hospitals are capable of integrating varying healthcare aspects and dealing with technical operations, patient care management, automated drug delivery systems, security systems, information management systems, data analysis and many more.


The smart hospital market is driven by various factors such as increasing demand for automated solutions in hospitals, the widespread acceptance of healthcare technology and the emergence of the healthcare internet of things (HIoT) and big data & analytics. However, the lack of standard policies for deploying innovations in healthcare institutions and the high costs associated with the installation of new solutions may restrain market growth.


Research Objectives


The fundamental objectives of this research are:



  • To analyze and estimate the size of the global Smart Hospital Market in terms of value and volume.

  • To identify the driving factors, restraints, and challenges faced by the market.

  • To analyze the competitive scenario in the market.

  • To identify the regional market trends and opportunities.

  • To assess the impact of technology, regulations, and government policies on the Smart Hospital Market


Research Methodology


This research is based on an in-depth market study of the Smart Hospital Market, which consists of various methodologies such as primary and secondary research. Primary and secondary research was used to identify the qualitative and quantitative information, understand the key trends, and major segments and identify the unmet needs in the Smart Hospital Market. Primary research data was collected from interviews conducted with experts in the Smart Hospital Market. These experts serve as external consultants for various industry manufacturers and domain experts. Secondary research was conducted through various sources such as company websites, industry databases, and paid databases. The ER&D (Expert Referrals and Database) was used to identify and collect information useful for this comprehensive market-oriented study on the Smart Hospital Market.


Primary Research


Primary research is conducted to enhance the quality and validity of the collected secondary data. Primary research helps report authors gain an in-depth knowledge of the market and an understanding of the patients and end-users. Primary research transformed data into efficient and insightful market intelligence. A bottom-up approach was used to estimate the market share of each segment and subsequently, the global smart hospital market. Primary surveys were conducted in order to understand the trends and developments in the market. Primary contacts included C-level executives, and industry experts and based on the contacts provided by our industry experts.


Secondary Research


Secondary research was conducted to understand the market attractiveness and identify the key players in the Smart Hospital Market. Secondary sources such as white papers, company annual reports, statistical databases, paid databases, journals and magazines were used for this research. The authors of this report conducted extensive secondary research to understand the market insights and trends, in the global Smart Hospital Market.


Data Analysis


These primary and secondary data were compiled and their relevance was observed. Data normalization and outlier analysis were included to gain insight into the market. Systematic data collection, validation and many other key data points were included in the analysis. The authors analyzed the data using a multitude of tools and techniques. Statistical analysis including mean and median adoption rates and population Indexes have been used to determine the market size. Market estimates were calculated using top-down and bottom-up approaches. Detailed market research by analyzing the data from various sources was conducted in order to identify the market trends.


Conclusion


The analysis revealed that the smart hospital market is growing at a significant rate due to the increasing demand for integrated and automated solutions in hospitals, the widespread acceptance of healthcare technology and the emergence of healthcare internet of things (HIoT) and big data & analytics. The growth of smart hospitals has enabled faster and more efficient patient care, cost savings, and improved patient outcomes. Various factors such as the increasing use of healthcare technology, rising adoption of the healthcare internet of things and big data & analytics, and increasing investment in healthcare IT solutions are driving the growth of the market. Additionally, the emergence of new technologies such as AI and machine learning, the ever-growing data, and the shift to value-based care are the major factors necessary which are expected to boost the growth of the market from 2023 to 2030.

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