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Global Smart Hospital Market (2021-2026) by Components, Services Rendered, Application, Connectivity, Artificial Intelligence, Geography, Competitive Analysis and the Impact of Covid-19 with Ansoff Analysis

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  • 176 Pages
  • January 2022
  • Region: Global
  • Infogence Global Research
  • ID: 5544172
The Global Smart Hospital Market is estimated to be USD 27.6 Bn in 2021 and is expected to reach USD 82.89 Bn by 2026, growing at a CAGR of 24.6%.

Market Dynamics

Factors such as technological advancements, increased healthcare spending, a sedentary lifestyle, more awareness, and a high acceptance rate of new technologies are driving the growth of the global smart hospital market. The increasing rise in chronic illnesses such as diabetes and cardiovascular disease, particularly in industrialized nations, has dramatically increased the demand for healthcare solutions in recent decades. Hospitals are under pressure to make the best use of staff, handle increased demand, deliver the greatest services, and reduce maintenance costs all at the same time, which opens the door for IT firms to enter the market. However, a few factors hindering the market include the expensive cost of linked devices and a lack of knowledge about new technologies like the internet of things.

Rising adoption in emerging economies is expected to generate untapped opportunities for market participants.

Market Segmentation

  • The Global Smart Hospital Market is segmented further based on Components, Services Rendered, Application, Connectivity, Artificial Intelligence, and Geography.
  • By Component, the market is classified into Hardware, System and Software, and Services.
  • By Services Rendered, the market is classified as General, Speciality and Super Speciality.
  • By Application, the market is classified as Remote Medicine Management, Electronic Health Record & Clinical Workflow, Outpatient Vigilance, Medical Connected Imaging, and Medical Assistance.
  • By Connectivity, the market is Classified as Wired and Wireless.
  • By Artificial Intelligence, the market is classified as Offering and Technology.
  • By Geography, America is projected to lead the market.

Recent Developments

1. Stryker launched the ProCuity wireless smart hospital bed to improve efficiency and safety while lowering costs. - 19th October 2020
2. Zyter Acquires Care Management Technology Leader Casenet. This strategic acquisition adds capabilities to Zyter portfolio of digital health products - 17th November 2021

Company Profiles

Some of the companies covered in this report are Siemens, Hitachi, Intuitive Surgical, Auris Health, Smith & Nephew, Diligent Robotics, Zimmer Biomet Robotics, etc.

Countries Studied

  • America (Argentina, Brazil, Canada, Chile, Colombia, Mexico, Peru, United States, Rest of Americas)
  • Europe (Austria, Belgium, Denmark, Finland, France, Germany, Italy, Netherlands, Norway, Poland, Russia, Spain, Sweden, Switzerland, United Kingdom, Rest of Europe)
Middle East and Africa (Egypt, Israel, Qatar, Saudi Arabia, South Africa, United Arab Emirates, Rest of MEA)
  • Asia-Pacific (Australia, Bangladesh, China, India, Indonesia, Japan, Malaysia, Philippines, Singapore, South Korea, Sri Lanka, Thailand, Taiwan, Rest of Asia-Pacific)

Competitive Quadrant

The report includes a Competitive Quadrant, a proprietary tool to analyze and evaluate the position of companies based on their Industry Position score and Market Performance score. The tool uses various factors for categorizing the players into four categories. Some of these factors considered for analysis are financial performance over the last 3 years, growth strategies, innovation score, new product launches, investments, growth in market share, etc.

Why buy this report?

  • The report offers a comprehensive evaluation of the Global Smart Hospital Market. The report includes in-depth qualitative analysis, verifiable data from authentic sources, and projections about market size. The projections are calculated using proven research methodologies.
  • The report has been compiled through extensive primary and secondary research. The primary research is done through interviews, surveys, and observation of renowned personnel in the industry.
  • The report includes an in-depth market analysis using Porter’s 5 forces model and the Ansoff Matrix. In addition, the impact of Covid-19 on the market is also featured in the report.
  • The report also includes the regulatory scenario in the industry, which will help you make a well-informed decision. The report discusses major regulatory bodies and major rules and regulations imposed on this sector across various geographies.
  • The report also contains the competitive analysis using Positioning Quadrants, the analyst's competitive positioning tool.

Report Highlights:

  • A complete analysis of the market, including parent industry
  • Important market dynamics and trends
  • Market segmentation
  • Historical, current, and projected size of the market based on value and volume
  • Market shares and strategies of key players
  • Recommendations to companies for strengthening their foothold in the market
Frequently Asked Questions about the Global Smart Hospital Market

What is the estimated value of the Global Smart Hospital Market?

The Global Smart Hospital Market was estimated to be valued at $27.6 Billion in 2021.

What is the growth rate of the Global Smart Hospital Market?

The growth rate of the Global Smart Hospital Market is 24.6%, with an estimated value of $82.89 Billion by 2026.

What is the forecasted size of the Global Smart Hospital Market?

The Global Smart Hospital Market is estimated to be worth $82.89 Billion by 2026.

Who are the key companies in the Global Smart Hospital Market?

Key companies in the Global Smart Hospital Market include AdhereTECH, Asensus Surgical, Auris Health, Barrett Technology, Biocon, Cerner Corporation, Darvis, Diligent Robotics and GE Healthcare.

Table of Contents

1 Report Description
1.1 Study Objectives
1.2 Market Definition
1.3 Currency
1.4 Years Considered
1.5 Language
1.6 Key Stakeholders
2 Research Methodology
2.1 Research Process
2.2 Data Collection and Validation
2.2.1 Secondary Research
2.2.2 Primary Research
2.2.3 Models
2.3 Market Size Estimation
2.3.1 Bottom-Up Approach
2.3.2 Top-Down Approach
2.4 Assumptions of the Study
2.5 Limitations of the Study
3 Executive Summary
3.1 Introduction
3.2 Market Size and Segmentation
3.3 Market Outlook
4 Market Influencers
4.1 Drivers
4.1.1 Modernization of Healthcare Infrastructure
4.1.2 Increasing Use of Smart Devices
4.1.3 Development of IoT Technologies in Healthcare
4.2 Restraints
4.2.1 High Cost of Connected Systems
4.2.2 Lack of Management Buy-In
4.3 Opportunities
4.3.1 Increasing Investments from Government
4.3.2 Rising Adoption in Emerging Economies
4.4 Challenges
4.4.1 Inability to Evaluate Technology Solutions
5 Market Analysis
5.1 Regulatory Scenario
5.2 Porter’s Five Forces Analysis
5.3 Impact of COVID-19
5.4 Ansoff Matrix Analysis
6 Global Smart Hospital Market, By Component
6.1 Introduction
6.2 Hardware
6.2.1 Medical Devices Wearable External Medical Devices Implanted Medical Devices Stationary and Supportive Medical Devices By Semiconductor Components Processors Censors Connectivity ICS
6.3 Systems and Software
6.4 Services
6.4.1 Professional services Consulting and Integration Services Support and Maintenance Services
6.4.2 Managed Services
7 Global Smart Hospital Market, By Service Rendered
7.1 Introduction
7.2 General
7.3 Specialty
7.4 Super Specialty
8 Global Smart Hospital Market, By Application
8.1 Introduction
8.2 Remote Medicine Management
8.3 Electronic Health Record & Clinical Workflow
8.4 Robot-Assisted Surgery
8.5 Virtual Nursing Assistant
8.6 Outpatient Vigilance
8.7 Medical Connected Imaging
8.8 Medical Assistance
8.9 Others (Fraud Detection, Administration)
9 Global 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 Others (Zigbee, Near Field Communication (NFC))
10 Global Smart Hospital Market, By Artificial intelligence
10.1 Introduction
10.2 Offering
10.2.1 Hardware
10.2.2 Software AI Platform Solution
10.2.3 Services Deployment and Integration 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 Global Smart Hospital Market, By Geography
11.1 Introduction
11.2 America
11.2.1 Argentina
11.2.2 Brazil
11.2.3 Canada
11.2.4 Chile
11.2.5 Colombia
11.2.6 Mexico
11.2.7 Peru
11.2.8 United States
11.2.9 Rest of Americas
11.3 Europe
11.3.1 Austria
11.3.2 Belgium
11.3.3 Denmark
11.3.4 Finland
11.3.5 France
11.3.6 Germany
11.3.7 Italy
11.3.8 Netherlands
11.3.9 Norway
11.3.10 Poland
11.3.11 Russia
11.3.12 Spain
11.3.13 Sweden
11.3.14 Switzerland
11.3.15 United Kingdom
11.3.16 Rest of Europe
11.4 Middle East and Africa
11.4.1 Egypt
11.4.2 Israel
11.4.3 Qatar
11.4.4 Saudi Arabia
11.4.5 South Africa
11.4.6 United Arab Emirates
11.4.7 Rest of MEA
11.5 Asia-Pacific
11.5.1 Australia
11.5.2 Bangladesh
11.5.3 China
11.5.4 India
11.5.5 Indonesia
11.5.6 Japan
11.5.7 Malaysia
11.5.8 Philippines
11.5.9 Singapore
11.5.10 South Korea
11.5.11 Sri Lanka
11.5.12 Thailand
11.5.13 Taiwan
11.5.14 Rest of Asia-Pacific
12 Competitive Landscape
12.1 Competitive Quadrant
12.2 Market Share Analysis
12.3 Strategic Initiatives
12.3.1 M&A and Investments
12.3.2 Partnerships and Collaborations
12.3.3 Product Developments and Improvements
13 Company Profiles
13.1 AdhereTECH
13.2 Asensus Surgical
13.3 Auris Health
13.4 Barrett Technology
13.5 Biocon
13.6 Cerner Corporation
13.7 Darvis
13.8 Diligent Robotics
13.9 Ekso Bionics
13.10 GE Healthcare
13.11 Hitachi
13.12 Honeywell
13.13 Intuitive Surgical
13.14 KareXpert
13.15 Medtronic
13.16 Microbot Medical
13.17 Microsoft
13.18 Philips
13.19 Practo
13.20 Qualcomm
13.21 Recare
13.22 REIVR
13.23 Renishaw
13.24 Sanela Technologies
13.25 Siemens
13.26 SK Telecom
13.27 Smith & Nephew
13.28 Stereotaxis
13.29 Stryker
13.30 Titan Medical
13.31 Zimmer Biomet Robotics
13.32 Zyter
14 Appendix
14.1 Questionnaire

Companies Mentioned

  • AdhereTECH
  • Asensus Surgical
  • Auris Health
  • Barrett Technology
  • Biocon
  • Cerner Corporation
  • Darvis
  • Diligent Robotics
  • Ekso Bionics
  • GE Healthcare
  • Hitachi
  • Honeywell
  • Intuitive Surgical
  • KareXpert
  • Medtronic
  • Microbot Medical
  • Microsoft
  • Philips
  • Practo
  • Qualcomm
  • Recare
  • Renishaw
  • Sanela Technologies
  • Siemens
  • SK Telecom
  • Smith & Nephew
  • Stereotaxis
  • Stryker
  • Titan Medical
  • Zimmer Biomet Robotics
  • Zyter