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Smart Hospital Market Global Forecast by Artificial Intelligence (Offering, Technology, and Applications), Components, Connectivity, Applications, Region, Company Analysis

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    Report

  • 200 Pages
  • October 2020
  • Region: Global
  • Renub Research
  • ID: 5181448
A smart hospital signifies the hardware system which runs through software and provides services to the healthcare professional. Medical Devices are connected with a wired or wireless network for transferring the data in the central monitoring devices. Smart hospitals make comprehensive use of creative technologies to enhance care quality and patient experience while reducing costs. Globally government initiatives to digitize healthcare has transformed the healthcare industry, and it is likely to push the demand for smart healthcare systems. Mobile Health application has grown exponentially in the last few years, primarily because of the growing usage of smartphones. According to this analysis, it is assumed that by 2026 the Smart Hospital Market will be US$ 79.57 Billion.

The growing cost of healthcare has been a significant concern in most countries. However, the paradigm of disease treatment has changed to health management. There are many trends which drive the smart hospital market; the rise of informed patients, Smart hospitals has a high degree of automation, and smart healthcare system is decentralized and patient-centric. Government endeavours to digitize healthcare are likely to drive the need for smart healthcare systems worldwide.

The United States and Europe market depends on the innovation of technology which suggests that the hospital adopts the technology as early as possible. For the past decade, the United States has spent more than 17% of its GDP on healthcare each year. In Asian countries like China, the regulatory authority has set the standards for smart hospitals development. China spends about six 6% of its GDP on healthcare; costs have been rising year over year. In Japan, the new hospitals have been designed based on artificial intelligence and the internet of things as it is predicted that in future, there will be a shortage of physicians in the next five years.

The key players, such as SAP SE have launched a startup program focusing on healthcare for the development of hassle-free services to patients from smart hospitals. In 2018, Humber became the first hospital in Canada to recruit a humanoid robot.

COVID effect of Smart Hospital Industry

Smart hospitals can better manage the COVID pandemic than non-smart hospitals. Smart hospitals are able to maintain better social distancing due to use of technology. Doctors can get real-time data of patients without visiting them at their beds. Smart hospitals are also able to tell the number of beds available on real-time basis compared to the hospitals which were not using technologies.

This report title “Smart Hospital Market & Forecast by Artificial Intelligence (Offering, Technology, and Applications), Components (Hardware, System & Software, and Services), By Connectivity (Wired, and Wireless), Applications (Outpatient Vigilance, Electronic Health Record & Clinical Workflow, Remote Medicine Management, Medical Connection Imaging, and Medical Assistance), Region (North America, Europe, Asia Pacific, and Rest of World), Company (Koninklijke Philips N.V, Medtronic Plc, SAP SE, Cerner Corporation, and Schneider Electric Healthcare)” and complete study of global smart hospital industry.

Artificial Intelligence - In the report, we have provided a complete study about smart hospital artificial intelligence market by
  • Offering
  • Technology
  • Applications

Components - In this report, we have studied the market of components of smart hospital market
  • Hardware
  • System and Software
  • Services

Connectivity - In this report, the connectivity smart hospital market is categorized into
  • Wired
  • Wireless

Applications - In this report we have studied Global smart hospital application market
1. Outpatient Vigilance
2. Electronic Health Record & Clinical Workflow
3. Remote Medicine Management
4. Medical Connection Imaging
5. Medical Assistance

Regions - We have covered all the four regions smart hospital market
1. North America
2. Europe
3. Asia Pacific (APAC)
4. Rest of World (ROW)

All the Company Insights have been covered from 3 Viewpoints
  • Overview
  • Recent Initiatives
  • Sales Analysis

Company Analysis
1. Koninklijke Philips N.V
2. Medtronic Plc
3. SAP SE
4. Cerner Corporation
5. Schneider Electric Healthcare

Table of Contents

1. Introduction2. Research and Methodology3. Report Objective4. Scope of Research5. Executive Summary
6. Market Dynamics
6.1 Growth Driver
6.2 Challenges
7. Global Smart Hospital Market
8. Market Share - Global Smart Hospital market
8.1 By Artificial Intelligence
8.2 By Components
8.3 By Connectivity
8.4 By Applications
8.5 By Services Rendered
8.6 By Regions
9. Artificial Intelligence - Global Smart Hospital Market
9.1 Offering
9.2 Technology
9.3 Applications
10. Components - Global Smart Hospital Market
10.1 Hardware
10.2 System and Software
10.3 Services
11. Connectivity - Global Smart Hospital Market
11.1 Wired
11.2 Wireless
12. Applications - Global Smart Hospital Market
12.1 Outpatient Vigilance
12.2 Electronic Health Record & Clinical Workflow
12.3 Remote Medicine Management
12.4 Medical Connection Imaging
12.5 Medical Assistance
13. Regions - Global Smart Hospital Market
13.1 North America
13.2 Europe
13.3 APAC
13.4 ROW
14. Company Analysis
14.1 Koninklijke Philips N.V
14.1.1 Overview
14.1.2 Recent Development & Strategy
14.1.3 SWOT Analysis
14.1.4 Sales
14.2 Medtronic Plc
14.2.1 Overview
14.2.2 Recent Development & Strategy
14.2.3 SWOT Analysis
14.2.4 Sales
14.3 SAP SE
14.3.1 Overview
14.3.2 Recent Development & Strategy
14.3.3 SWOT Analysis
14.3.4 Sales
14.4 Cerner Corporation
14.4.1 Overview
14.4.2 Recent Development & Strategy
14.4.3 SWOT Analysis
14.4.4 Sales
14.5 Schneider Electric Healthcare
14.5.1 Overview
14.5.2 Recent Development & Strategy
14.5.3 SWOT Analysis
14.5.4 Sales
List of Figures:
Figure-01: Global - Smart Hospital Market (Million US$), 2015 - 2019
Figure-02: Global - Forecast for Smart Hospital Market (Million US$), 2020 - 2025
Figure-03: Global - Smart Hospital Market Share by Artificial Intelligence (Percent), 2015 - 2019
Figure-04: Global - Forecast for Smart Hospital Market Share by Artificial Intelligence (Percent), 2020 - 2026
Figure-05: Global - Smart Hospital Market by Components (Percent), 2015 - 2019
Figure-06: Global - Forecast for Smart Hospital Market by Components (Percent), 2020 - 2026
Figure-07: Global - Smart Hospital Market By Connectivity (Percent), 2015 - 2019
Figure-08: Global - Forecast for Smart Hospital Market By Connectivity (Percent), 2020 - 2026
Figure-09: Global - Smart Hospital Market By Applications (Percent), 2015 - 2019
Figure-10: Global - Forecast for Smart Hospital Market By Applications (Percent), 2020 - 2026
Figure-11: Global - Smart Hospital Market By Regions (Percent), 2015 - 2019
Figure-12: Global - Forecast for Smart Hospital Market By Regions (Percent), 2020 - 2026
Figure-13: By Artificial Intelligence - Global Smart Hospital Offering Market (Million US$), 2015 - 2019
Figure-14: By Artificial Intelligence - Forecast for Global Smart Hospital Offering Market (Million US$), 2020 - 2026
Figure-15: By Artificial Intelligence - Global Smart Hospital Technology Market (Million US$), 2015 - 2019
Figure-16: By Artificial Intelligence - Forecast for Global Smart Hospital Technology Market (Million US$), 2020 - 2026
Figure-17: By Artificial Intelligence - Global Smart Hospital Applications Market (Million US$), 2015 - 2019
Figure-18: By Artificial Intelligence - Forecast for Global Smart Hospital Applications Market (Million US$), 2020 - 2026
Figure-19: By Components - Global Smart Hospital Hardware Market (Million US$), 2015 - 2019
Figure-20: By Components - Forecast for Global Smart Hospital Hardware Market (Million US$), 2020 - 2026
Figure-21: By Components - Global Smart Hospital System and Software Market (Million US$), 2015 - 2019
Figure-22: By Components - Global Smart Hospital System and Software Market (Million US$), 2020 - 2026
Figure-23: By Components - Global Smart Hospital Services Market (Million US$), 2015 - 2019
Figure-24: By Components - Forecast for Global Smart Hospital Services Market (Million US$), 2020 - 2026
Figure-25: By Connectivity - Global Smart Hospital Wired Market (Million US$), 2015 - 2019
Figure-26: By Connectivity - Forecast for Global Smart Hospital Wired Market (Million US$), 2020 - 2026
Figure-27: By Connectivity - Global Smart Hospital Wireless Market (Million US$), 2015 - 2019
Figure-28: By Connectivity - Forecast for Global Smart Hospital Wireless Market (Million US$), 2020 - 2026
Figure-29: By Applications - Global Smart Hospital Outpatient Vigilance Market (Million US$), 2015 - 2019
Figure-30: By Applications - Forecast for Global Smart Hospital Outpatient Vigilance Market (Million US$), 2020 - 2026
Figure-31: By Applications - Global Smart Hospital Electronic Health Record & Clinical Workflow Market (Million US$), 2015 - 2019
Figure-32: By Applications - Forecast for Global Smart Hospital Electronic Health Record & Clinical Workflow Market (Million US$), 2020 - 2026
Figure-33: By Applications - Global Smart Hospital Remote Medicine Management (Million US$), 2015 - 2019
Figure-34: By Applications - Forecast for Global Smart Hospital Remote Medicine Management (Million US$), 2020 - 2026
Figure-35: By Applications - Global Smart Hospital Medical Connection Imaging Market (Million US$), 2015 - 2019
Figure-36: By Applications - Forecast for Global Smart Hospital Medical Connection Imaging Market (Million US$), 2020 - 2026
Figure-37: By Applications - Global Smart Hospital Medical Assistance Market (Million US$), 2015 - 2019
Figure-38: By Applications - Forecast for Global Smart Hospital Medical Assistance Market (Million US$), 2020 - 2026
Figure-39: North America - Smart Hospital Market (Million US$), 2015 - 2019
Figure-40: North America - Forecast for Smart Hospital Market (Million US$), 2020 - 2026
Figure-41: Europe - Smart Hospital Market (Million US$), 2015 - 2019
Figure-42: Europe - Forecast for Smart Hospital Market (Million US$), 2020 - 2026
Figure-43: Asia Pacific - Smart Hospital Market (Million US$), 2015 - 2019
Figure-44: Asia Pacific - Forecast for Smart Hospital Market (Million US$), 2020 - 2026
Figure-45: ROW - Smart Hospital Market (Million US$), 2015 - 2019
Figure-46: ROW - Forecast for Smart Hospital Market (Million US$), 2020 - 2026
Figure-47: Global - Koninklijke Philips N.V Sales (Million US$), 2015 - 2019
Figure-48: Global - Forecast for Koninklijke Philips N.V Sales (Million US$), 2020 - 2026
Figure-49: Global - Medtronic Plc Sales (Million US$), 2015 - 2019
Figure-50: Global - Forecast for Medtronic Plc Sales (Million US$), 2020 - 2026
Figure-51: Global - SAP SE Company Sales (Million US$), 2015 - 2019
Figure-52: Global - Forecast for SAP SE Company Sales (Million US$), 2020 - 2026
Figure-53: Global - Cerner Corporation Sales (Million US$), 2015 - 2019
Figure-54: Global - Forecast for Cerner Corporation Sales (Million US$), 2020 - 2026
Figure-55: Global - Schneider Electric Healthcare Sales (Million US$), 2015 - 2019
Figure-56: Global - Forecast for Schneider Electric Healthcare Sales (Million US$), 2020 - 2026

Companies Mentioned

  • Koninklijke Philips N.V
  • Medtronic Plc
  • SAP SE
  • Cerner Corporation
  • Schneider Electric Healthcare

Methodology

In this report, for analyzing the future trends for the studied market during the forecast period, the publisher has incorporated rigorous statistical and econometric methods, further scrutinized by secondary, primary sources and by in-house experts, supported through their extensive data intelligence repository. The market is studied holistically from both demand and supply-side perspectives. This is carried out to analyze both end-user and producer behavior patterns, in the review period, which affects price, demand and consumption trends. As the study demands to analyze the long-term nature of the market, the identification of factors influencing the market is based on the fundamentality of the study market.

Through secondary and primary researches, which largely include interviews with industry participants, reliable statistics, and regional intelligence, are identified and are transformed to quantitative data through data extraction, and further applied for inferential purposes. The publisher's in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. These analytical tools and models sanitize the data & statistics and enhance the accuracy of their recommendations and advice.

Primary Research

The primary purpose of this phase is to extract qualitative information regarding the market from the key industry leaders. The primary research efforts include reaching out to participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions. The publisher also established professional corporate relations with various companies that allow us greater flexibility for reaching out to industry participants and commentators for interviews and discussions, fulfilling the following functions:

  • Validates and improves the data quality and strengthens research proceeds
  • Further develop the analyst team’s market understanding and expertise
  • Supplies authentic information about market size, share, growth, and forecast

The researcher's primary research interview and discussion panels are typically composed of the most experienced industry members. These participants include, however, are not limited to:

  • Chief executives and VPs of leading corporations specific to the industry
  • Product and sales managers or country heads; channel partners and top level distributors; banking, investment, and valuation experts
  • Key opinion leaders (KOLs)

Secondary Research

The publisher refers to a broad array of industry sources for their secondary research, which typically includes, however, is not limited to:

  • Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
  • Patent and regulatory databases for understanding of technical & legal developments
  • Scientific and technical writings for product information and related preemptions
  • Regional government and statistical databases for macro analysis
  • Authentic new articles, webcasts, and other related releases for market evaluation
  • Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecasts
 

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