Global Smart Hospital Market is Forecasted to be more than US$ 79.57 Billion by the end of year 2026
01 Apr, 2021

According to the latest report by Renub Research, titled "Smart Hospital Market Global Forecast by Artificial Intelligence (Offering, Technology, and Applications), Components, Connectivity, Applications, Region, Company Analysis" The market of Smart Hospital is expected to grow in the upcoming years. According to Renub Research analysis, Smart Hospital Market is anticipated to be US$ 79.57 Billion by 2026. Smart hospitals simplify, reinvent, and create new clinical processes, management structures, and possibly even infrastructure, all enabled by an underlying digitized networking infrastructure of interconnected properties, in order to deliver a valuable service or insight that was not previously feasible or available and to enhance patient care, experience, and operational performance. Smart hospitals have three main layers: data, insight, and access. These layers work together to enhance the quality of care.

The demand for healthcare services is increasingly growing as the population increases, especially in the current COVID-19 crisis. Patients have ever-increasing perceptions about the quality of the healthcare treatments and the programs they receive, on top of the growing demand. Aside from that, laws and regulations are becoming increasingly strict and complex. With more than 8.5 billion people on the planet by 2030, the healthcare system's burden is only going to worsen. As a result, these factors lead to rising prices, and these issues can be resolved in a smart hospital to help cut costs.

Smart hospitals increase productivity, boost patient satisfaction, and have more flexibility due to the healthcare industry's digital transformation. Today's world is continuously changing, and smart hospital can play a vital role in this changing environment.

COVID-19's Impact on Smart Hospital Industry

The demand for smart health care infra has increased in the COVID-19 pandemic, as smart hospitals can better handle any pandemic situation in contrast to non-smart hospitals. Due to the use of technology, smart hospitals are able to maintain greater social distance. Doctors can access real-time patient data without having to visit them in their beds. In contrast to hospitals that do not use technology, smart hospitals can provide information on the number of beds available in real-time.

Market Summary:

By Applications: The market of Outpatient Vigilance, Electronic Health Record & Clinical Workflow, Remote Medicine Management, Medical Connection Imaging, and Medical Assistance are covered in this research report.

By Artificial Intelligence: This research report covers the market of AI Offering, Technology, and Applications

By Components: The market of Hardware, System & Software, and Services are covered in this research report.

By Connectivity: This research report covers the market of Wired and Wireless.

By Company Analysis: Company Overview, Products/Initiatives and Financial Insight of (SAP SE, Koninklijke Philips N.V, Medtronic Plc, Cerner Corporation, and Schneider Electric Healthcare) are given in this research report.