Smart Hospital Market by Component (Hardware, Services, and Systems & Software), Services Rendered (General, Specialty, and Super Specialty), Connectivity, Application, Artificial Intelligence, and Region - Global Forecast to 2023

  • ID: 4395097
  • Report
  • Region: Global
  • 177 Pages
  • Markets and Markets
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The Smart Hospital Market is Expected to Grow from USD 13.52 Billion in 2016 to USD 63.49 Billion By 2023, at a CAGR of 24.0% Between 2017 And 2023

FEATURED COMPANIES

  • Adheretech
  • Cerner Corporation
  • Ge Healthcare
  • Medtronic
  • Philips
  • Proteus Digital Health
  • MORE

“Smart hospital market expected to grow at a CAGR of 24.00% between 2017 and 2023”

The modernization of healthcare infrastructure boosting the demand for smart hospitals and also the development of IoT technologies in the field of healthcare are the major driving factors behind the growth of the smart hospital market. Furthermore, the increasing interoperability risk and the lack of governance standards are the major restraining factors for the smart hospital market.

“The market for super specialty is expected to grow at the highest CAGR during the forecast period”

The connectivity of the healthcare systems through IoT places importance on the patients’ needs. Super specialty hospitals offer efficient operations for saving lives of patients with the help of diagnostic equipment, therapeutic equipment, and skilled staff. Also, the accuracy of devices and instruments should be very high because an error might risk a patient’s life. Thus, IoT plays a crucial role in super specialty hospitals. The key reason behind the highest growth of the adoption of IoT in super specialty hospitals is the requirement for patients’ safety, the quality of medication, and the priority for families pertaining to medical treatments.

“Smart hospital market in APAC expected to grow at the highest CAGR during the forecast period”

This report covers regions such as North America, Europe, APAC, and RoW. The market in APAC is expected to grow at the highest rate between 2017 and 2023. Increasing healthcare investments and stringent government regulations pertaining to patient safety are anticipated to boost the growth of the smart hospital market in APAC.

In the process of determining and verifying the market size for several segments and subsegments gathered through secondary research, extensive primary interviews were conducted with key experts. The breakup of the profiles of primary participants is given below:

  • By Company Type: Tier 1-25%, Tier 2-40%, and Tier 3-35%
  • By Designation: C Level-50%, Director Level-40%, and Others-10%
  • By Region: North America-35%, Europe-22%, APAC-28%, and RoW-15%

Major players in the smart hospital market are Medtronic (Ireland), Philips (Netherlands), Microsoft (US), GE Healthcare (US) and Qualcomm Life (US), Infor (US), Athenahealth (US), PhysIQ (US), Diabetizer (Germany), AdhereTech (US), Epic (US), GlucoVista (US), STANLEY Healthcare (US), Cerner Corporation (US), McKesson (US), St. Jude Medical (US), SAMSUNG (South Korea), Oracle (US), and Renesas Electronics Corporation (Japan).

Research Coverage:

This report segments the smart hospital market on the basis of component into hardware, systems and software, and services. In terms of connectivity, the smart hospital market is segmented into wired and wireless. Based on services rendered, the smart hospital market is segmented into general, specialty, and super specialty. Moreover, the smart hospital market is divided on the basis of application into remote medicine management; electronic health record & clinical workflow; outpatient vigilance; medical data cloud; and medical assistance. Also, based on artificial intelligence, the smart hospital market is segmented into technology and offering. The overall smart hospital market is classified on the basis of region into North America, Europe, APAC, and RoW.

Key Benefits of Buying the Report:

  • This report includes the market statistics pertaining to connectivity, component, service rendered, artificial intelligence, application, and region, along with their respective revenues.
  • It also includes the value chain analysis to provide an insight into the smart hospital market.
  • Major drivers, restraints, challenges, and opportunities for the smart hospital market have been detailed in this report.
  • A detailed competitive landscape has been provided, which includes DIVE analysis, business strategy, product offerings, and key players and their revenues.
  • The available customizations for the report offer further country-wise segmentation of the smart hospital market in terms of value and breakdown of the industry, along with the profiling of additional companies in the report.
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FEATURED COMPANIES

  • Adheretech
  • Cerner Corporation
  • Ge Healthcare
  • Medtronic
  • Philips
  • Proteus Digital Health
  • MORE

1 Introduction
    1.1 Objectives of the Study
    1.2 Market Definition
    1.3 Scope of the Study
           1.3.1 Markets Covered
           1.3.2 Geographic Scope
           1.3.3 Years Considered for the Study
    1.4 Currency
    1.5 Stakeholders

2 Research Methodology
    2.1 Research Data
           2.1.1 Secondary Data
                    2.1.1.1 Key Data From Secondary Sources
           2.1.2 Primary Data
                    2.1.2.1 Key Data From Primary Sources
                    2.1.2.2 Key Industry Insights
                    2.1.2.3 Breakdown of Primaries
    2.2 Market Size Estimation
    2.3 Market Breakdown & Data Triangulation
    2.4 Research Assumptions

3 Executive Summary

4 Premium Insights
    4.1 Attractive Opportunities for the Smart Hospital Market
    4.2 Smart Hospital Market, By Connectivity
    4.3 Market, By Component
    4.4 Market, By Application
    4.5 Smart Hospitals Market in APAC, By Country & Services Rendered

5 Market Overview
    5.1 Introduction
    5.2 Market Dynamics: Smart Hospital Market
           5.2.1 Drivers
                    5.2.1.1 Modernization of Healthcare Infrastructure is Boosting the Demand for Smart Hospitals
                    5.2.1.2 Rising Need for Cost-Effective Solutions in Hospitals
                    5.2.1.3 Development of IoT Technologies in Healthcare
                    5.2.1.4 Increasing Occurrence of Chronic Diseases
                    5.2.1.5 Increasing Penetration of Connected Devices and Instruments in Hospitals
           5.2.2 Restraints
                    5.2.2.1 High Cost of Connected Systems
                    5.2.2.2 Lack of Competence in Deploying IoT Solutions in Hospitals
           5.2.3 Opportunities
                    5.2.3.1 Rising Government Investments in Healthcare Sector
                    5.2.3.2 Growth Potential in Emerging Economies
           5.2.4 Challenges
                    5.2.4.1 Increased Interoperability Risks in Hospital Security
                    5.2.4.2 Lack of Governance Standards
    5.3 Value Chain Analysis
           5.3.1 Research and Development
           5.3.2 Raw Material/Component Providers
           5.3.3 Manufacturing and Assembly
           5.3.4 Key Technology Providers/System Integrators
           5.3.5 Marketing and Sales
           5.3.6 End Users
    5.4 Key Trends: Smart Hospital Market

6 Smart Hospital Market, By Component
    6.1 Introduction
    6.2 Hardware
           6.2.1 Medical Devices
                    6.2.1.1 Wearable External Medical Devices
                    6.2.1.2 Implanted Medical Devices
                    6.2.1.3 Stationary and Supportive Medical Devices
                    6.2.1.4 By Semiconductor Components
                               6.2.1.4.1 Processors
                               6.2.1.4.2 Sensors
                               6.2.1.4.3 Connectivity ICS
    6.3 Systems and Software
    6.4 Services
           6.4.1 Professional Services
                    6.4.1.1 Consulting and Integration Services
                    6.4.1.2 Support and Maintenance Services
           6.4.2 Managed Services

7 Smart Hospital Market, By Services Rendered
    7.1 Introduction
    7.2 General
    7.3 Specialty
    7.4 Super Specialty

8 Smart Hospital Market, By Application
    8.1 Introduction
    8.2 Remote Medicine Management
    8.3 Electronic Health Record & Clinical Workflow
    8.4 Outpatient Vigilance
    8.5 Medical Connected Imaging
    8.6 Medical Assistance

9 Smart Hospital Market, By Connectivity
    9.1 Introduction
    9.2 Wired
    9.3 Wireless
           9.3.1 Wi-Fi
           9.3.2 RFID
           9.3.3 Bluetooth
           9.3.4 Zigbee
           9.3.5 Near Field Communication (NFC)
           9.3.6 Others

10 Artificial Intelligence in Smart Hospital Market
     10.1 Introduction
     10.2 Offering
             10.2.1 Hardware
             10.2.2 Software
                        10.2.2.1 AI Platform
                        10.2.2.2 Solution
             10.2.3 Services
                        10.2.3.1 Deployment and Integration
                        10.2.3.2 Support and Maintenance
     10.3 Technology
             10.3.1 Natural Language Processing (NLP)
             10.3.2 Context–Aware Processing
             10.3.3 Deep Learning
             10.3.4 Querying Method

11 Geographic Analysis
     11.1 Introduction
     11.2 North America
             11.2.1 US
             11.2.2 Canada
     11.3 Europe
             11.3.1 UK
             11.3.2 Germany
             11.3.3 France
             11.3.4 Italy
             11.3.5 Rest of Europe
     11.4 APAC
             11.4.1 China
             11.4.2 Japan
             11.4.3 South Korea
             11.4.4 India
             11.4.5 Rest of APAC
     11.5 RoW
             11.5.1 Middle East
             11.5.2 Africa
             11.5.3 Latin America

12 Competitive Landscape
     12.1 Introduction
     12.2 Market Rank Analysis, 2016
     12.3 Competitive Scenario
             12.3.1 Battle for Market Share: Product Launches Were the Key Strategies Adopted Between 2014 and 2016

13 Company Profiles
     13.1 Introduction
(Business Overview, Products Offered & Services Strategies, Key Insights, Recent Developments, MnM View)*
     13.2 Philips
     13.3 GE Healthcare
     13.4 Medtronic
     13.5 Qualcomm Life
     13.6 Honeywell Life Care Solutions
     13.7 Stanley Healthcare
     13.8 SAP
     13.9 Microsoft
     13.10 Allscripts
     13.11 Cerner Corporation
     13.12 McKesson
     13.13 Key Innovators
             13.13.1 Diabetizer
             13.13.2 Proteus Digital Health
             13.13.3 AdhereTECH
             13.13.4 PhysIQ

*Details on Business Overview, Products Offered & Services Strategies, Key Insights, Recent Developments, MnM View Might Not Be Captured in Case of Unlisted Companies.

14 Appendix

List of Tables
Table 1 Smart Hospital Market, By Component, 2014–2023 (USD Billion)
Table 2 Market for Hardware, By Region, 2014–2023 (USD Billion)
Table 3 Market for Medical Devices, By Type 2014–2023 (USD Billion)
Table 4 Market for Medical Devices, By Type, 2014-2023 (Million Units)
Table 5 Market for Semiconductor Components, By Type, 2014–2023 (USD Billion)
Table 6 Market for Systems & Software, By Region, 2014–2023 (USD Billion)
Table 7 Market for Services, By Region, 2014–2023 (USD Billion)
Table 8 Market for Services, By Type, 2014–2023 (USD Billion)
Table 9 Market, By Services Rendered, 2014–2023 (USD Billion)
Table 10 Market for General Hospitals, By Region, 2014–2023 (USD Billion)
Table 11 Market for Specialty Hospitals, By Region, 2014–2023 (USD Billion)
Table 12 Market for Super Specialty Hospitals, By Region, 2014–2023 (USD Billion)
Table 13 Market, By Application, 2014–2023 (USD Billion)
Table 14 Smart Hospital Market for Remote Medicine Management, By Region, 2014–2023 (USD Billion)
Table 15 Smart Hospital Market for Electronic Health Record and Clinical Workflow, By Region, 2014–2023 (USD Billion)
Table 16 Smart Hospital Market for Outpatient Vigilance Application, By Region, 2014–2023 (USD Billion)
Table 17 Smart Hospital Market for Medical Connected Imaging, By Region, 2014–2023 (USD Billion)
Table 18 Smart Hospital Market for Medical Assistance Application, By Region, 2014–2023 (USD Billion)
Table 19 Smart Hospital Market, By Connectivity, 2014–2023 (USD Billion)
Table 20 Market for Wired Connectivity, By Region, 2014–2023 (USD Billion)
Table 21 Smart Hospital Market for Wireless Connectivity, By Region, 2014–2023 (USD Billion)
Table 22 Market for Wireless Connectivity, By Protocol, 2014–2023 (USD Billion)
Table 23 Artificial Intelligence in the Market, By Offering, 2014–2023 (USD Billion)
Table 24 Artificial Intelligence in the Market, By Software, 2014–2023 (USD Billion)
Table 25 Artificial Intelligence in the Market, By Service, 2014–2023 (USD Billion)
Table 26 Artificial Intelligence in the Market, By Technology, 2014–2023 (USD Billion)
Table 27 Market, By Region, 2014–2023 (USD Billion)
Table 28 North America Market, By Connectivity, 2014–2023 (USD Billion)
Table 29 Market in North America, By Component, 2014–2023 (USD Billion)
Table 30 Market in North America, By Medical Devices Type, 2014–2023 (USD Billion)
Table 31 Market in North America, By Services Type, 2014–2023 (USD Billion)
Table 32 Market in North America, By Application, 2014–2023 (USD Billion)
Table 33 Market in North America, By Services Rendered, 2014–2023 (USD Billion)
Table 34 Market in North America, By Country, 2014–2023 (USD Billion)
Table 35 Market in the US, By Component, 2014–2023 (USD Billion)
Table 36 Market in Canada, By Component, 2014–2023 (USD Billion)
Table 37 Market in Europe, By Connectivity, 2014–2023 (USD Billion)
Table 38 Market in Europe, By Component, 2014–2023 (USD Billion)
Table 39 Market in Europe, By Medical Devices, 2014–2023 (USD Billion)
Table 40 Market in Europe, By Services, 2014–2023 (USD Billion)
Table 41 Market in Europe, By Application, 2014–2023 (USD Billion)
Table 42 Market in Europe, By Services Rendered, 2014–2023 (USD Billion)
Table 43 Market in Europe, By Country, 2014–2023 (USD Billion)
Table 44 Market in Germany, By Component, 2014–2023 (USD Billion)
Table 45 Market in the UK, By Component, 2014–2023 (USD Billion)
Table 46 Market in France, By Component, 2014–2023 (USD Billion)
Table 47 Market in Italy, By Component, 2014–2023 (USD Billion)
Table 48 Market in Rest of Europe, By Component, 2014–2023 (USD Billion)
Table 49 Market in APAC, By Connectivity, 2014–2023 (USD Billion)
Table 50 Market in APAC, By Component, 2014–2023 (USD Billion)
Table 51 Market in APAC, By Medical Devices Type, 2014–2023 (USD Billion)
Table 52 Market in APAC, By Services Type, 2014–2023 (USD Billion)
Table 53 Market in APAC, By Application, 2014–2023 (USD Billion)
Table 54 Market in APAC, By Services Rendered, 2014–2023 (USD Billion)
Table 55 Market in APAC, By Country, 2014–2023 (USD Billion)
Table 56 Market in Japan, By Component, 2014–2023 (USD Billion)
Table 57 Market in China, By Component, 2014–2023 (USD Billion)
Table 58 Market in South Korea, By Component, 2014–2023 (USD Billion)
Table 59 Market in India, By Component, 2014–2023 (USD Billion)
Table 60 Market in Rest of APAC, By Component, 2014–2023 (USD Billion)
Table 61 Market in RoW, By Connectivity, 2014–2023 (USD Billion)
Table 62 Market in RoW, By Component, 2014–2023 (USD Billion)
Table 63 Market in RoW, By Medical Devices Type, 2014–2023 (USD Billion)
Table 64 Market in RoW, By Services Type, 2014–2023 (USD Billion)
Table 65 Market in RoW, By Application, 2014–2023 (USD Billion)
Table 66 Market in RoW, By Services Rendered, 2014–2023 (USD Billion)
Table 67 Market in RoW, By Region, 2014–2023 (USD Billion)
Table 68 Market in the Middle East, By Component, 2014–2023 (USD Billion)
Table 69 Market in Africa, By Component, 2014–2023 (USD Billion)
Table 70 Market in Latin America, By Component, 2014–2023 (USD Billion)
Table 71 Ranking of the Top 5 Players in the Smart Hospital Market, 2016
 
List of Figures
Figure 1 Smart Hospital Market Segmentation
Figure 2 Market: Research Design
Figure 3 Market Size Estimation Methodology: Bottom-Up Approach
Figure 4 Market Size Estimation Methodology: Top-Down Approach
Figure 5 Data Triangulation
Figure 6 Wireless Connectivity Held the Largest Market Share in 2017
Figure 7 Systems and Software Components Expected to Grow at the Highest Rate By 2023
Figure 8 Outpatient Vigilance Application is Expected Grow at the Highest Rate During Forecast Period 2017-2023
Figure 9 Super Specialty Hospitals to Be the Fastest-Growing Segment in the Market During the Forecast Period
Figure 10 North America Held the Largest Share of the Smart Hospitals Market in 2017
Figure 11 Software Offering of Artificial Intelligence Expected to Hold the Largest Market Share During the Forecast Period (2017–2023)
Figure 12 Rising Need for Effective Patient Care and Cost-Effective Healthcare Solutions to Drive the Growth of the Smart Hospital Market During the Forecast Period
Figure 13 Wireless Connectivity for the Market is Expected to Grow at the Highest Rate During 2017–2023
Figure 14 Hardware Holds the Largest Share of the Smart Hospital Market in 2017
Figure 15 Remote Medicine Management Lead the Market for Smart Hospitals During the Forecast Period
Figure 16 China Holds the Largest Share of the Market in APAC in 2017
Figure 17 Total Health Expenditure in Germany, the UK, and the US (% of Gdp)
Figure 18 Smart Hospital Market: Value Chain Analysis
Figure 19 Systems and Software Segment is Expected to Grow at the Highest Rate During the Forecast Period
Figure 20 Systems and Software Segment in APAC is Expected to Grow at the Highest Rate During the Forecast Period
Figure 21 Super Specialty Segment is Expected to Grow at the Highest Rate During the Forecast Period
Figure 22 Super Specialty Segment in APAC is Expected to Grow at the Highest Rate During the Forecast Period
Figure 23 Outpatient Vigilance Application is Expected to Grow at the Highest Rate During the Forecast Period
Figure 24 Outpatient Vigilance Application in APAC Expected to Hold the Largest Share During the Forecast Period
Figure 25 Wireless Technology Expected to Grow at the Highest Rate During the Forecast Period
Figure 26 System and Software Component is Expected to Grow at the Highest Rate During the Forecast Period
Figure 27 Natural Language Processing Technology Expected to Hold the Largest Share of Market in Artificial Intelligence During the Forecast Period
Figure 28 Geographic Snapshot: Smart Hospital Market in APAC Expected to Grow at the Highest Rate Between 2017 and 2023
Figure 29 North America: Market Snapshot
Figure 30 US Expected to Hold the Largest Share of the Smart Hospital Market in North America During the Forecast Period
Figure 31 Europe: Market Snapshot
Figure 32 Medical Assistance for the Market in Europe is Expected to Grow at the Fastest Rate During the Forecast Period
Figure 33 APAC: Market Snapshot
Figure 34 Japan Holds the Largest Share of the Market During the Forecast Period in APAC
Figure 35 Key Developments in the Smart Hospitals Market During 2014-2016
Figure 36 Market Evaluation Framework: Product Launches Fueled Growth and Innovation Between 2014 and 2016
Figure 37 Geographic Revenue Mix of Major Players in the Smart Hospital Market, 2016
Figure 38 Philips: Company Snapshot
Figure 39 GE Healthcare: Company Snapshot
Figure 40 Medtronic: Company Snapshot
Figure 41 Qualcomm Life: Company Snapshot
Figure 42 Honeywell Life Care Solutions: Company Snapshot
Figure 43 Stanley Healthcare: Company Snapshot
Figure 44 SAP: Company Snapshot
Figure 45 Microsoft: Company Snapshot
Figure 46 Allscripts: Company Snapshot
Figure 47 Cerner Corporation: Company Snapshot
Figure 48 McKesson: Company Snapshot

Note: Product cover images may vary from those shown
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  • Adheretech
  • Allscripts
  • Cerner Corporation
  • Diabetizer
  • Ge Healthcare
  • Honeywell Life Care Solutions
  • Mckesson
  • Medtronic
  • Microsoft
  • Philips
  • Physiq
  • Proteus Digital Health
  • Qualcomm Life
  • Sap
  • Stanley Healthcare
Note: Product cover images may vary from those shown
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Note: Product cover images may vary from those shown
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