Smart Hospital Market Size, Share, Analysis Report

Smart Hospital Market Size By Application (Outpatient Vigilance, Medical Connected Imaging, Medical Assistance, Remote Medicine Management, Electronic Health Record & Clinical Workflow), By Service Rendered (Specialty, Super Specialty, General Services), By Artificial Intelligence (Technology, Offering), By Connectivity (Wireless, Wired), By Component (Systems and Software, Services, Hardware), By Region (North America, Europe, Asia-Pacific, Rest of the World), Market Analysis Report, Forecast

The Smart Hospital Market is expected to be around US$ 146 Billion by 2028 at a CAGR of 23.5% in the given forecast period.

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MARKET SNAPSHOT

Major Players

  • SAP
  • Microsoft
  • Allscripts
  • Cerner Corporation
  • McKesson
  • Study period:

    2023-2028

    Base Year:

    2022

    CAGR:

    23.50%

    Fastest Growing Market:

    APAC

    Largest Market:

    North America

    REPORT DESCRIPTION

    The Smart Hospital Market is expected to be around US$ 146 Billion by 2028 at a CAGR of 23.5% in the given forecast period.

    Smart hospitals are designed to improve, redesign or rebuild hospitals with clinical processes, infrastructure and management systems using digitized networking infrastructure. The smart hospitals deliver extensive services to attain a better healthcare infrastructure and operational efficiency. Executions of these digital solutions support to kind a hospital paperless and have complete alignment of clinical processes & management systems.The development of smart hospital market can be qualified to growing demand for machine learning, artificial intelligence and cloud computing services. Moreover, the growing government spending on healthcare infrastructure is anticipated to novel opportunities for the global smart hospital market over the estimate period.

    The global Smart Hospital market is segregated on the basis of Application as Outpatient Vigilance, Medical Connected Imaging, Medical Assistance, Remote Medicine Management, and Electronic Health Record & Clinical Workflow. Based on Service Rendered the global Smart Hospital market is segmented in Specialty, Super Specialty, and General Services. Based on Artificial Intelligence the global Smart Hospital market is segmented in Technology and Offering.

    Based on Connectivity, the global Smart Hospital market is segmented in Wireless and Wired. The report also bifurcates the global Smart Hospital market based on Component in Systems and Software, Services, and Hardware.

    The global Smart Hospital market report provides geographic analysis covering regions, such as North America, Europe, Asia-Pacific, and Rest of the World. The Smart Hospital market for each region is further segmented for major countries including the U.S., Canada, Germany, the U.K., France, Italy, China, India, Japan, Brazil, South Africa, and others.

    Competitive Rivalry

    SAP, Microsoft, Allscripts, Cerner Corporation, McKesson, Philips, GE Healthcare, Medtronic, Qualcomm Life, Honeywell Life Care Solutions, and others are among the major players in the global Smart Hospital market. The companies are involved in several growth and expansion strategies to gain a competitive advantage. Industry participants also follow value chain integration with business operations in multiple stages of the value chain.

    The Smart Hospital Market has been segmented as below:

    Smart Hospital Market, By Application

    • Outpatient Vigilance
    • Medical Connected Imaging
    • Medical Assistance
    • Remote Medicine Management
    • Electronic Health Record & Clinical Workflow

    Smart Hospital Market, By Service Rendered

    • Specialty
    • Super Specialty
    • General Services

    Smart Hospital Market, By Artificial Intelligence

    • Technology
    • Offering

    Smart Hospital Market, By Connectivity

    • Wireless
    • Wired

    Smart Hospital Market, By Component

    • Systems and Software
    • Services
    • Hardware

    Smart Hospital Market, By Region

    • North America
    • Europe
    • Asia-Pacific
    • Rest of the World

    Smart Hospital Market, By Company

    • SAP
    • Microsoft
    • Allscripts
    • Cerner Corporation
    • McKesson
    • Philips
    • GE Healthcare
    • Medtronic
    • Qualcomm Life
    • Honeywell Life Care Solutions
    • Stanley Healthcare
    • Koninklijke Philips N.V
    • Schneider Electric healthcare
    • ThoughtWire Corp.

    The report covers:

    • Global Smart Hospital market sizes from 2021 to 2028, along with CAGR for 2023-2028
    • Market size comparison for 2022 vs 2028, with actual data for 2022, estimates for 2023 and forecast from 2024 to 2028
    • Global Smart Hospital market trends, covering comprehensive range of consumer trends & manufacturer trends
    • Value chain analysis covering participants from raw material suppliers to the downstream buyer in the global Smart Hospital market
    • Major market opportunities and challenges in forecast timeframe to be focused
    • Competitive landscape with analysis on competition pattern, portfolio comparisons, development trends and strategic management
    • Comprehensive company profiles of the key industry players

    Report Scope:

    The global Smart Hospital market report scope includes detailed study covering underlying factors influencing the industry trends. The report covers analysis on regional and country level market dynamics.

    The scope also covers competitive overview providing company market shares along with company profiles for major revenue contributing companies.

    The report scope includes detailed competitive outlook covering market shares and profiles key participants in the global Smart Hospital market share. Major industry players with significant revenue share include SAP, Microsoft, Allscripts, Cerner Corporation, McKesson, Philips, GE Healthcare, Medtronic, Qualcomm Life, Honeywell Life Care Solutions, and others.

    Reasons to Buy this Report:

    • Gain detailed insights on the Smart Hospital industry trends
    • Find complete analysis on the market status
    • Identify the Smart Hospital market opportunities and growth segments
    • Analyse competitive dynamics by evaluating business segments & product portfolios
    • Facilitate strategy planning and industry dynamics to enhance decision making

    Some of the recent developments in Smart Hospital Market are as follows:

    Philips

    • 12-2020: Royal Philips has declared successful installation of a Philips PET/CT scanner, Vereos, with Ambient Experience at the Phoenix Children’s Hospital. In addition, Philips has installed two Ambient Experience uptake rooms at the hospital.
    • 11-2020: – Royal Philips has declared its participation in the RSNA 2020 virtual event, featuring its Radiology Workflow Suite of end-to-end solutions to drive operational and clinical efficiency through the digitalization, integration, and virtualization of radiology.

    Medtronic

    • 11-2020: Medtronic plc has declared that it has completed its friendly tender offer for France-based Medicrea International, a pioneer in the transformation of spinal surgery through artificial intelligence, predictive modeling and patient specific implants.
    • 10-2020: Medtronic plc has declared a partnership with The Foundry a medical device company incubator dating back to mid-2017 to invest in and create a company with the goal of developing an innovative transcatheter mitral repair technology.

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    1. Introduction

        1.1 Key Insights
        1.2 Report Overview
        1.3 Markets Covered
        1.4 Stakeholders

    2. Research Methodology

        2.1 Research Scope
        2.2 Market Research Process
        2.3 Research Data Analysis
            2.4.1 Secondary Research
            2.4.2 Primary Research
            2.4.3 Models for Estimation
        2.5 Market Size Estimation
            2.5.1 Bottom-Up Approach – Segmental Market Analysis
            2.5.2 Top-Down Approach – Parent Market Analysis

    3. Executive Summary

    4. Market Overview

        4.1 Introduction
            4.2.1 Drivers
            4.2.2 Restraints
            4.2.3 Opportunities
            4.2.4 Challenges
        4.2 Porter’s Five Force Analysis

    5. Smart Hospital Market, By Application

        5.1 Introduction
        5.2 Outpatient Vigilance
            5.2.1 Market Overview
            5.2.2 Market Size and Forecast
        5.3 Medical Connected Imaging
            5.3.1 Market Overview
            5.3.2 Market Size and Forecast
        5.4 Medical Assistance
            5.4.1 Market Overview
            5.4.2 Market Size and Forecast
        5.5 Remote Medicine Management
            5.5.1 Market Overview
            5.5.2 Market Size and Forecast
        5.6 Electronic Health Record & Clinical Workflow
            5.6.1 Market Overview
            5.6.2 Market Size and Forecast

    6. Smart Hospital Market, By Service Rendered

        6.1 Introduction
        6.2 Specialty
            6.2.1 Market Overview
            6.2.2 Market Size and Forecast
        6.3 Super Specialty
            6.3.1 Market Overview
            6.3.2 Market Size and Forecast
        6.4 General Services
            6.4.1 Market Overview
            6.4.2 Market Size and Forecast

    7. Smart Hospital Market, By Artificial Intelligence

        7.1 Introduction
        7.2 Technology
            7.2.1 Market Overview
            7.2.2 Market Size and Forecast
        7.3 Offering
            7.3.1 Market Overview
            7.3.2 Market Size and Forecast

    8. Smart Hospital Market, By Connectivity

        8.1 Introduction
        8.2 Wireless
            8.2.1 Market Overview
            8.2.2 Market Size and Forecast
        8.3 Wired
            8.3.1 Market Overview
            8.3.2 Market Size and Forecast

    9. Smart Hospital Market, By Component

        9.1 Introduction
        9.2 Systems and Software
            9.2.1 Market Overview
            9.2.2 Market Size and Forecast
        9.3 Services
            9.3.1 Market Overview
            9.3.2 Market Size and Forecast
        9.4 Hardware
            9.4.1 Market Overview
            9.4.2 Market Size and Forecast

    10. Smart Hospital Market, By Geography

        10.1 Introduction
        10.2 North America
            10.2.1 North America Smart Hospital, By Application
            10.2.2 North America Smart Hospital, By Service Rendered
            10.2.3 North America Smart Hospital, By Artificial Intelligence
            10.2.4 North America Smart Hospital, By Connectivity
            10.2.5 North America Smart Hospital, By Component
        10.3 Europe
            10.3.1 Europe Smart Hospital, By Application
            10.3.2 Europe Smart Hospital, By Service Rendered
            10.3.3 Europe Smart Hospital, By Artificial Intelligence
            10.3.4 Europe Smart Hospital, By Connectivity
            10.3.5 Europe Smart Hospital, By Component
        10.4 Asia-Pacific
            10.4.1 Asia-Pacific Smart Hospital, By Application
            10.4.2 Asia-Pacific Smart Hospital, By Service Rendered
            10.4.3 Asia-Pacific Smart Hospital, By Artificial Intelligence
            10.4.4 Asia-Pacific Smart Hospital, By Connectivity
            10.4.5 Asia-Pacific Smart Hospital, By Component
        10.5 Rest of the World
            10.5.1 Rest of the World Smart Hospital, By Application
            10.5.2 Rest of the World Smart Hospital, By Service Rendered
            10.5.3 Rest of the World Smart Hospital, By Artificial Intelligence
            10.5.4 Rest of the World Smart Hospital, By Connectivity
            10.5.5 Rest of the World Smart Hospital, By Component

    11. Competitive Insights

        11.1 Key Insights
        11.2 Company Market Share Analysis
        11.3 Strategic Outlook
            11.3.1 Mergers & Acquisitions
            11.3.2 New Product Development
            11.3.3 Portfolio/Production Capacity Expansions
            11.3.4 Joint Ventures, Collaborations, Partnerships & Agreements 
            11.3.5 Others

    12. Company Profiles

        12.1 McKesson
            12.1.1 Company Overview
            12.1.2 Product/Service Landscape
            12.1.3 Financial Overview
            12.1.4 Recent Developments
        12.2 Cerner Corporation
            12.2.1 Company Overview
            12.2.2 Product/Service Landscape
            12.2.3 Financial Overview
            12.2.4 Recent Developments
        12.3 Allscripts
            12.3.1 Company Overview
            12.3.2 Product/Service Landscape
            12.3.3 Financial Overview
            12.3.4 Recent Developments
        12.4 Microsoft
            12.4.1 Company Overview
            12.4.2 Product/Service Landscape
            12.4.3 Financial Overview
            12.4.4 Recent Developments
        12.5 SAP
            12.5.1 Company Overview
            12.5.2 Product/Service Landscape
            12.5.3 Financial Overview
            12.5.4 Recent Developments
        12.6 Stanley Healthcare
            12.6.1 Company Overview
            12.6.2 Product/Service Landscape
            12.6.3 Financial Overview
            12.6.4 Recent Developments
        12.7 Honeywell Life Care Solutions
            12.7.1 Company Overview
            12.7.2 Product/Service Landscape
            12.7.3 Financial Overview
            12.7.4 Recent Developments
        12.8 Qualcomm Life
            12.8.1 Company Overview
            12.8.2 Product/Service Landscape
            12.8.3 Financial Overview
            12.8.4 Recent Developments
        12.9 Medtronic
            12.9.1 Company Overview
            12.9.2 Product/Service Landscape
            12.9.3 Financial Overview
            12.9.4 Recent Developments
        12.10 GE Healthcare
            12.10.1 Company Overview
            12.10.2 Product/Service Landscape
            12.10.3 Financial Overview
            12.10.4 Recent Developments
     

    The Smart Hospital Market has been segmented as below:

    Smart Hospital Market, By Application

    • Outpatient Vigilance
    • Medical Connected Imaging
    • Medical Assistance
    • Remote Medicine Management
    • Electronic Health Record & Clinical Workflow

    Smart Hospital Market, By Service Rendered

    • Specialty
    • Super Specialty
    • General Services

    Smart Hospital Market, By Artificial Intelligence

    • Technology
    • Offering

    Smart Hospital Market, By Connectivity

    • Wireless
    • Wired

    Smart Hospital Market, By Component

    • Systems and Software
    • Services
    • Hardware

    Smart Hospital Market, By Region

    • North America
    • Europe
    • Asia-Pacific
    • Rest of the World

    Smart Hospital Market, By Company

    • SAP
    • Microsoft
    • Allscripts
    • Cerner Corporation
    • McKesson
    • Philips
    • GE Healthcare
    • Medtronic
    • Qualcomm Life
    • Honeywell Life Care Solutions
    • Stanley Healthcare
    • Koninklijke Philips N.V
    • Schneider Electric healthcare
    • ThoughtWire Corp.

    Got a question? We've got answers. If you have some other questions, see our support center.

    The market is expected to grow at a CAGR of 23.5% during the study period (2023-2028)
    The global Smart Hospital Market Expected to Exceed more than US$ 145 Billion by 2028.
    The segment included in the Smart Hospital Market is Application, Service Rendered, Artificial Intelligence, Component and Region.
    Some key players operating in the Smart Hospital Market include SAP, Microsoft, Allscripts, Cerner Corporation, McKesson, Philips
    We can offer several formats of the market research reports including, • PDF • PPT • Spreadsheet/ Workbook

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