Global Smart Hospital Market Report By Type (General Services, Specialty, Super-specialty), By Application (Remote Medicine Management, Outpatient Vigilance, Medical Assistance, Medical Connected Imaging, Electronic Health Record and Clinic Workflow) And By Regions - Industry Trends, Size, Share, Growth, Estimation and Forecast, 2020-2027

ID:VMR11214276
February 2021
Report Formats:

Global Smart Hospital Market Overview
The key driver impacting the smart hospital market is the growing prevalence of chronic diseases with the growing development of IoT technologies in healthcare globally. for instance, according to National Center for Biotechnology Information (NCBI ), around one in three adults suffer from multiple chronic conditions (MCCs). By the WHO report, chronic disease comprises 60% of the global burden of disease by 2020. according to the National Center for the biotechnological institute, there is a significant impact of the internet of things on healthcare. There is around 40% of IoT-related technology will be healthcare than any other category, which makes up to a $117 billion markets. according to the world economic forum, the Internet of things will project a   potential growth in coming years and it is estimated to reach at least 50 billion by 2020 from 15 billion smart devices in 2015. Moreover, the modernization of healthcare infrastructure is estimated to be a significant factor aiding market growth.

According to Value Market Research, the global smart hospital market size was valued at around USD xxx in 2020 and is estimated to grow at a CAGR of about 20% during the forecast period of 2021 to 2027.

The increasing penetration of connected devices and instruments in hospitals is estimated to augment smart hospital demand in the forecast period. for instance, according to, Kaa project organization, expenses on Healthcare IoT solutions are estimated to reach  $1 trillion by 2025. It will likely set the stage for highly accessible, personalized, and on-time healthcare services for everyone. as per the health information technology institute in 2015, approximately 96% of all non-federal acute care hospitals have adopted certified health IT.  It was also found that about 97% of medium hospitals and about 98% of large hospitals had certified health IT. In 2015 across U.S. 78% had adopted a certified electronic health record (EHR) and half of them (54%) adopted a 'Basic EHR'. however, a lack of competence in deploying IoT solutions in hospitals may hamper the global smart hospital market in the long run. the rising adoption of online advertising methods negatively impacts industry growth. The current industry trends, such as burgeoning demand for artificial intelligence and machine learning, and rising government investments in the healthcare sector are expected to provide market players with several market opportunities.

The smart hospital market is vast, with many local and global players. the key leaders follow different strategies to improve their market position, such as contracts, mergers, contracts, extending product portfolio, acquisitions, expansions, and product innovations to augment their market share globally. For instance, in August 2019, LG Electronics Inc. introduced a new outdoor display product for the Indian OOH display market. The known players included in the report are Allengers Groups, Siemens Healthineers, Qualcomm Life, Cerner Corporation, Medtronic PLC, GE Healthcare, Koninklijke Philips N.V., Mckesson Corporation, Adhere Tech, Koninklijke Philips N.V., and Honeywell Life Care Solutions.

Global Smart Hospital Market Share

In this research report, the smart hospital market is segmented by smart hospital by type, applications, and regions.

Analysis by Type:
By type, the report is categorized as general services, specialty, and super-specialty. The super-specialty segment dominates the application segment with high market share in 2020. The growing adoption of IoT in super-specialty hospitals due to the growing need for patients’ safety, the medication quality from  the families pertaining to medical treatments. Moreover, the growing need for healthcare medical services like critical care, intensive care, acute care, and long-term care, and accessibility of highly developed hospitals like multi-specialty and super-specialty hospitals is the crucial factor responsible for the high demand from specialty and super specialty smart hospital in the forecast period.

Analysis by Application:
By applications, the report is categorized as remote medicine management, outpatient vigilance, medical assistance, medical connected imaging, and electronic health record and clinic workflow. The Electronic Health Record and Clinic Workflow segment is dominating the application segment with over 30% share in 2020. It is due to the rapidly growing adoption of Electronic Health Records (EHR) across hospitals. Moreover, in smart hospitals, medical devices are connected to Electronic Health Records (EHR) systems that reduce  the time  to enter vital information of a patient  from 7-10 minutes to  1 minute or less per patient.

Analysis by Region:
In the regional outlook of the global smart hospital market, the North America region dominates with a 35% market share in 2020. The integration of advanced technologies in the healthcare sector, availability of funds, rise in healthcare expenditure in the region is a critical factor driving regional growth. Moreover, the sound healthcare infrastructure and increasing number of hospitals and surgical centers contribute to the development of the smart hospital market across North America.

Market Segmentation covered in the Report:
By Type
  • General Services
  • Specialty
  • Super-specialty
By Application
  • Remote Medicine Management
  • Outpatient Vigilance
  • Medical Assistance
  • Medical Connected Imaging
  • Electronic Health Record and Clinic Workflow
By Region
  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East and Africa
METHODOLOGY

This market research report has been produced by gathering information on the basis of primary and secondary research. Secondary research has been done by using various sources which include (but not limited to) Company Websites, Paid Data Sources, Technical Journals, Financial Reports, SEC Filings, and other different industry publications. 

If specific information is required which is not currently within the scope of the report, it can be provided as a part of customization.   

1 . PREFACE
       1.1. Report Description
           1.1.1. Objective
           1.1.2. Target Audience
           1.1.3. Unique Selling Proposition (USP) & offerings
       1.2. Research Scope
       1.3. Research Methodology
           1.3.1. Market Research Process
           1.3.2. Market Research Methodology
 
2 . EXECUTIVE SUMMARY
       2.1. Highlights of Market
       2.2. Global Market Snapshot
 
3 . SMART HOSPITAL – INDUSTRY ANALYSIS
       3.1. Introduction - Market Dynamics
       3.2. Market Drivers
       3.3. Market Restraints
       3.4. Opportunities
       3.5. Industry Trends
       3.6. Porter’s Five Force Analysis
       3.7. Market Attractiveness Analysis
           3.7.1 By Type
           3.7.2 By Application
           3.7.3 By Region
 
4 . VALUE CHAIN ANALYSIS
       4.1. Value Chain Analysis
       4.2. Raw Material Analysis
           4.2.1. List of Raw Materials
           4.2.2. Raw Material Manufactures List
           4.2.3. Price Trend of Key Raw Materials
       4.3. List of Potential Buyers
       4.4. Marketing Channel
           4.4.1. Direct Marketing
           4.4.2. Indirect Marketing
           4.4.3. Marketing Channel Development Trend
 
5 . IMPACT ANALYSIS OF COVID-19 OUTBREAK
       5.1. Impact Analysis of Covid-19 Outbreak
           5.1.1. Direct Impact on Production
           5.1.2. Supply Chain and Market Disruption
           5.1.3. Financial Impact on Firms and Financial Markets
       5.2. COVID-19 Impact Analysis by Production, Import, Export and Demand
       5.3. Market: Pre V/S Post COVID-19
       5.4. Estimated Impact of the Coronavirus (COVID-19) Epidemic
       5.5. COVID-19: Micro and Macro Factor Analysis
 
6 . GLOBAL SMART HOSPITAL MARKET ANALYSIS BY TYPE
       6.1 Overview by Type
       6.2 Historical and Forecast Data
       6.3 Analysis by Type
       6.4 General Services Market by Regions
       6.6 Specialty Market by Regions
       6.5 Super-specialty Market by Regions
 
7 . GLOBAL SMART HOSPITAL MARKET ANALYSIS BY APPLICATION
       7.1 Overview by Application
       7.2 Historical and Forecast Data
       7.3 Analysis by Application
       7.4 Remote Medicine Management Market by Regions
       7.5 Outpatient Vigilance Market by Regions
       7.6 Medical Assistance Market by Regions
       7.7 Medical Connected Imaging Market by Regions
       7.8 Electronic Health Record and Clinic Workflow Market by Regions
 
8 . GLOBAL SMART HOSPITAL MARKET ANALYSIS BY GEOGRAPHY
       8.1. Regional Outlook
       8.2. Introduction
       8.3. North America
           8.3.1. Overview, Historic and Forecast Data
           8.3.2. North America By Segment
           8.3.3. North America By Country
           8.3.4. United State
           8.3.5. Canada
           8.3.6. Mexico
       8.4. Europe
           8.4.1. Overview, Historic and Forecast Data
           8.4.2. Europe by Segment
           8.4.3. Europe by Country
           8.4.4. United Kingdom
           8.4.5. France
           8.4.6. Germany
           8.4.7. Italy
           8.4.8. Russia
           8.4.9. Rest Of Europe
       8.5. Asia Pacific
           8.5.1. Overview, Historic and Forecast Data
           8.5.2. Asia Pacific by Segment
           8.5.3. Asia Pacific by Country
           8.5.4. China
           8.5.5. India
           8.5.6. Japan
           8.5.7. South Korea
           8.5.8. Australia
           8.5.9. Rest Of Asia Pacific
       8.6. Latin America
           8.6.1. Overview, Historic and Forecast Data
           8.6.2. Latin America by Segment
           8.6.3. Latin America by Country
           8.6.4. Brazil
           8.6.5. Argentina
           8.6.6. Peru
           8.6.7. Chile
           8.6.8. Rest of Latin America
       8.7. Middle East & Africa
           8.7.1. Overview, Historic and Forecast Data
           8.7.2. Middle East & Africa by Segment
           8.7.3. Middle East & Africa by Country
           8.7.4. Saudi Arabia
           8.7.5. UAE
           8.7.6. Israel
           8.7.7. South Africa
           8.7.8. Rest Of Middle East And Africa
 
9 . COMPETITIVE LANDSCAPE OF THE SMART HOSPITAL COMPANIES
       9.1. Smart Hospital Market Competition
       9.2. Partnership/Collaboration/Agreement
       9.3. Merger And Acquisitions
       9.4. New Product Launch
       9.5. Other Developments
 
10 . COMPANY PROFILES OF SMART HOSPITAL INDUSTRY
       10.1. Company Share Analysis
       10.2. Market Concentration Rate
       10.3. Allengers Groups
           10.3.1. Company Overview
           10.3.2. Financials
           10.3.3. Products
           10.3.4. Recent Developments
       10.4. Siemens Healthineers
           10.4.1. Company Overview
           10.4.2. Financials
           10.4.3. Products
           10.4.4. Recent Developments
       10.5. Qualcomm Life
           10.5.1. Company Overview
           10.5.2. Financials
           10.5.3. Products
           10.5.4. Recent Developments
       10.6. Cerner Corporation
           10.6.1. Company Overview
           10.6.2. Financials
           10.6.3. Products
           10.6.4. Recent Developments
       10.7. Medtronic PLC
           10.7.1. Company Overview
           10.7.2. Financials
           10.7.3. Products
           10.7.4. Recent Developments
       10.8. GE Healthcare
           10.8.1. Company Overview
           10.8.2. Financials
           10.8.3. Products
           10.8.4. Recent Developments
       10.9. Koninklijke Philips N.V.
           10.9.1. Company Overview
           10.9.2. Financials
           10.9.3. Products
           10.9.4. Recent Developments
       10.10. Mckesson Corporation
           10.10.1. Company Overview
           10.10.2. Financials
           10.10.3. Products
           10.10.4. Recent Developments
       10.11. Adhere Tech
           10.11.1. Company Overview
           10.11.2. Financials
           10.11.3. Products
           10.11.4. Recent Developments
       10.12. Koninklijke Philips N.V.
           10.12.1. Company Overview
           10.12.2. Financials
           10.12.3. Products
           10.12.4. Recent Developments
       10.13. Honeywell Life Care Solutions
           10.13.1. Company Overview
           10.13.2. Financials
           10.13.3. Products
           10.13.4. Recent Developments
 
 *Note - in company profiling, financial details and recent development are subject to availability or might not be covered in case of private companies
 
 LIST OF TABLES
 

  •  Market Snapshot
  •  Drivers : Impact Analysis
  •  Restraints : Impact Analysis
  •  List of Raw Material
  •  List of Raw Material Manufactures
  •  List of Potential Buyers
  •  COVID-19 Impact Analysis by Production, Import, Export and Demand
  •  Pre V/S Post COVID-19
  •  Estimated Impact Of The Coronavirus (Covid-19) Epidemic
  •  COVID-19: Micro and Macro Factor Analysis
  •  Analysis by Type (USD MN)
  •  General Services Market by Geography (USD MN)
  •  Specialty Market by Geography (USD MN)
  •  Super-specialty Market by Geography (USD MN)
  •  Analysis Market by Application (USD MN)
  •  Remote Medicine Management Market by Geography (USD MN)
  •  Outpatient Vigilance Market by Geography (USD MN)
  •  Medical Assistance Market by Geography (USD MN)
  •  Medical Connected Imaging Market by Geography (USD MN)
  •  Electronic Health Record and Clinic Workflow Market by Geography (USD MN)
  •  Global Smart Hospital Market by Geography (USD MN)
  •  North America Market Analysis (USD MN)
  •  United State Market Analysis (USD MN)
  •  Canada Market Analysis (USD MN)
  •  Mexico Market Analysis (USD MN)
  •  Europe Market Analysis (USD MN)
  •  Europe Market Estimate by Country (USD MN)
  •  United Kingdom Market Analysis (USD MN)
  •  France Market Analysis (USD MN)
  •  Germany Market Analysis (USD MN)
  •  Italy Market Analysis (USD MN)
  •  Russia Market Analysis (USD MN)
  •  Spain Market Analysis (USD MN)
  •  Rest of Europe Market Analysis (USD MN)
  •  Asia Pacific Market Analysis (USD MN)
  •  China Market Analysis (USD MN)
  •  Japan Market Analysis (USD MN)
  •  India Market Analysis (USD MN)
  •  South Korea Market Analysis (USD MN)
  •  Australia Market Analysis (USD MN)
  •  Rest of Asia Pacific Market Analysis (USD MN)
  •  Latin America Market Analysis (USD MN)
  •  Brazil Market Analysis (USD MN)
  •  Argentina Market Analysis (USD MN)
  •  Peru Market Analysis (USD MN)
  •  Chile Market Analysis (USD MN)
  •  Rest of Latin America Market Analysis (USD MN)
  •  Middle East & Africa Market Analysis (USD MN)
  •  Saudi Arabia Market Analysis (USD MN)
  •  UAE Market Analysis (USD MN)
  •  Israel Market Analysis (USD MN)
  •  South Africa Market Analysis (USD MN)
  •  Rest of Middle East and Africa Market Analysis (USD MN)
  •  Partnership/Collaboration/Agreement
  •  Mergers And Acquisiton
 
 LIST OF FIGURES
 
  •  Research Scope of Smart Hospital Report
  •  Market Research Process
  •  Market Research Methodology
  •  Global Smart Hospital Market Size, by Region (USD MN)
  •  Porters Five Forces Analysis
  •  Market Attractiveness Analysis by Type
  •  Market Attractiveness Analysis by Application
  •  Market Attractiveness Analysis by Region
  •  Value Chain Analysis
  •  Global Market Analysis by Type (USD MN)
  •  General Services Market by Geography (USD MN)
  •  Specialty Market by Geography (USD MN)
  •  Super-specialty Market by Geography (USD MN)
  •  Global Market Analysis by Application (USD MN)
  •  Remote Medicine Management Market by Geography (USD MN)
  •  Outpatient Vigilance Market by Geography (USD MN)
  •  Medical Assistance Market by Geography (USD MN)
  •  Medical Connected Imaging Market by Geography (USD MN)
  •  Electronic Health Record and Clinic Workflow Market by Geography (USD MN)
  •  Global Market by Revenue
  •  North America Market by Revenue
  •  Europe Market by Revenue
  •  Asia Pacific Market by Revenue
  •  Latin America Market by Revenue
  •  Middle East & Africa Market by Revenue
  •  Recent Development in Industry
  •  Company Market Share Analysis, 2020
 
 * Kindly note that the above listed are the basic tables and figures of the report and are not limited to the TOC.

Objectives of Study

  • Define and measure the global market
  • Volume or revenue forecast of the global market and its various sub-segments with respect to main geographies
  • Analyze and identify major market trends along with the factors driving or inhibiting the market growth
  • Study the company profiles of the major market players with their market share
  • Analyze competitive developments

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