Pune, India, February 26, 2021 (GLOBE NEWSWIRE) – Market analysis
Future Marketing Research (MRFR) predicts the global smart hospital market to achieve USD 77,299.6 million at a CAGR of 21.5% from 2018-2025 (projected period).
The smart hospital is a hospital where technology and design are brought together to improve patient care. In the healthcare sector, the smart hospital is a technological advancement that aims to deliver a wide range of services to achieve high quality healthcare services and operational efficiency. The technologies used in smart hospitals are AI, active RFID (Radio Guard Identification), sensors, Wi-Fi, integration platforms, mobile apps, wearables, and much more. Smart hospitals are also designed to reduce pollution and their environmental impact by using eco-friendly flooring, paint, furniture and furnishings.
The need for IoT seems to drive market growth. Internet of Things allows the healthcare industry to integrate monitoring and control, position monitoring, laser scanning, intelligent GPS recognition, and other information sensing equipment to strengthen handling and resource management. .
Additional factors contributing to the demand of luxury hospital market include need for affordable medical services, increased emphasis on developing healthcare solutions, government initiatives to deliver healthcare IT solutions. , growing government spending on health care systems, an increasing number of trained IT specialists, and a growing awareness of the benefits of smart hospitals, such as better disease management, fewer errors, better patient knowledge, better treatment outcomes, and lower treatment cost, increase in breast diseases, growing need for better patient care & correct and effective solutions. In addition, the growing need for smart hospitals, the growing need for affordable solutions in hospitals, more and more instruments and connected devices in hospitals, government measures to root -improve healthcare structure, adopt connected devices, increase investment in the healthcare sector, and the need for efficient medical services is increasing the size of the smart hospital market over the expected period. However, the high cost of connected machines and systems can be a market challenge over the expected period.
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Impact of COVID-19 on Global Smart Hospital Market
More and more coronavirus cases have led to an increased need for continuous patient monitoring using the Internet of Things and sensory devices to monitor patients, movements, temperature and objects to deal with the revolution and treatment of COVID-positive patients. Organizations are aiming to launch new applications to develop smart hospitals with artificial intelligence that is expected to stimulate the growth of the smart hospitals market over the expected period.
Wise hospitals are better at managing the pandemic compared to non-smart hospitals. Thanks to the use of technology, they are able to maintain a better social pace. Physicians can collect real-time data without visiting patients at their bedside. These hospitals can also report the total number of beds available compared to hospitals that do not use technology. Social distance criteria, along with other restrictions resulting from the release of COVID-19, provide smart hospitals with additional opportunities for remote consultations, symptom monitoring, and follow-up.
Browse the In-depth Market Research Report (101 pages) Smart Hospital Market:
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Market view
The global smart hospital market has been two-way based on application & type.
Based on the type, global smart hospital market has been divided into general services, specialty, high-specialty
Based on application, the global smart hospital market is comprised of remote medicine management, outpatient surveillance, medical support, medically connected images, and electronic health record and clinic workflow.
Regional Analysis
By region, the global smart hospital market covers recent opportunities and trends across Europe, North America, Asia Pacific (APAC), Latin America, and the Middle East and Africa (MEA).
North America to lead the global market
North America will be the market leader in the forecast period. Rapid adoption of the latest technology, the introduction of advanced technologies in the healthcare sector, access to finance, increased cost of healthcare, access to advanced healthcare facilities, a growing need for healthcare services such as emergency care, intensive care, hunger and long-term care, and the availability of fully developed hospitals such as multidisciplinary and specialist hospitals contribute to the global smart hospital market share over the expected period . In addition, the need for medical equipment such as hospital beds, medical equipment, and other types of support products, supporting government policies to use digital health, access to infrastructure with high digital literacy, participation key market players, more related knowledge. healthcare, increased influx of smartphones and the internet, and the use of health-related apps are also accelerating market growth.
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Competitive Landscape
The luxury hospital market is largely fragmented due to the involvement of key players. These key players have implemented a range of strategies to maintain intense competition and meet the needs of growing customers, such as alliances, construction, high spending on research and development activities, unions and product launch.
Notable players outlined in a global smart hospital industry report include:
- Allengers Groups
- Qualcomm Life
- Siemens Health Practitioners
- Corporal Mckesson
- Corporal Cerner
- Adhere Tech
- Medtronic PLC.
- Koninklijke Philips NV
- GE Healthcare
- Honeywell Life Care Solutions
Business News
December 2020-Dubai Silicon Oasis-based Fakeeh University Hospital is all ready to welcome patients. This elegant hospital has over 350 beds. The project is about 1 million square feet long. Each patient’s room has tables that allow patients to interact with their surroundings as well as medical staff. The patient can check his / her credentials with the support of a hospital app that works with a technology-based complementary control center that provides 24/7 patient continuity.
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