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| Smart Hospitals Market |
Smart hospitals utilize digital health technologies, automation, and advanced connectivity to improve patient outcomes and experiences while reducing costs for payers. This includes the integration of telehealth services that allow patients and providers to connect remotely for diagnosis, treatment, and ongoing monitoring. The growing use of telehealth solutions during the pandemic has significantly boosted their adoption within smart hospital infrastructure. This enabled continued care delivery while maintaining social distancing. The global smart hospitals Market is estimated to be valued at US$ 41.00 Bn in 2023 and is expected to exhibit a CAGR of 6.7% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.
Market key trends:
The increasing integration of telehealth services is one of the key trends
driving the growth of the smart hospitals market. Telehealth provides 24/7
access to care and helps address issues like shortage of physicians and nurses
in remote areas. It allows remote monitoring of patients with chronic
conditions as well as speedy triage and diagnosis during medical emergencies.
Telehealth also aids collaborative care by enabling secure communication
between multispecialty experts and local providers. The COVID-19 pandemic has
further accelerated the adoption of telehealth solutions as they ensure
continuity of non-emergency care while reducing the burden on hospitals. Over
the forecast period, rapid advancements in telemedicine technologies will
continue to strengthen its role within smart hospital infrastructure.
Segment Analysis
The smart hospital segment is expected to dominate the smart hospital market.
Smart hospital intends to provide improved patient care and safety through
digitalization and integration of advanced medical device. These hospitals have
electronic health records (EHR) which helps to maintain paperless patient
records and share them across different departments. E-Prescription,
tele-health, remote monitoring and use of mobile apps are some of the features
of smart hospitals. Rise in funding for smart hospital infrastructure from
government bodies is a key factor fueling growth of this segment.
Key Takeaways
The global Smart
Hospitals Market Growth is expected to witness high growth during the
forecast period of 2023 to 2030. The growing geriatric population suffering
from chronic diseases and increasing need for cost-effective healthcare
delivery are major factors driving demand.
Regional analysis: North America region currently dominates the market and is
expected to continue its dominance during the forecast period. Early adoption
of advanced medical technologies and rising healthcare spending are
contributing to the leading share of the region. Asia Pacific region is
expected to witness fastest growth attributed to improving healthcare
infrastructure and growing medical tourism in countries like India, China and
Japan.
Key players: Key players operating in the smart hospitals market are
Silvert€TMs Adaptive Clothing & Footwear, Izzy Camilleri, NBZ Apparel
International, Able2Wear, Adaptions by Adrian, Professional Fit Clothing,
Adaptive Clothing Showroom, Creation Confort, Buck & Buck, PVH Corp. and
Lycra Company. These players are focusing on new product launches and
partnerships with hospitals to strengthen their market position.
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