The smart hospital is a technological revolution in the healthcare industry which manages a large amount of available data and integrates different hospital delivery mechanisms. It makes use of the electronic patient records and streamline processes, which lead to improved quality of life through remote monitoring, thereby reducing the risks to health, and improving the general well-being of people.

Smart healthcare provides more patient-centric services that improve access to healthcare and are customized to individual patients’ needs. The North America smart hospital market is expected to have a significant compound annual growth rate (CAGR) of 22.97% and reach a market size of USD 21.56 Bn by 2023.

The factors that drive the market growth in North America are adoption of machine learning, artificial intelligence (AI), cloud computing services, radio-frequency identification (RFID) and others to develop existing hospital technologies. The radio-frequency identification provides real-time information that supports in decision making and creating a secure and reliable smart hospital management information system.

The real-time patient management system helps in automating and streamlining patient identification processes.

The North American smart hospital market is bifurcated on the basis of product (smart pills, mHealth, telemedicine, electronic health record and others), application (remote medicine management, electronic health record and clinical workflow, outpatient vigilance, medical connected imaging, and medical assistance), and artificial intelligence (offering, technology).

The technologies used are artificial intelligence, cloud computing, RFID, wearable technologies, zigbee technologies, the internet of things (IoT) and others.

The market is also segmented into the United States of America and Canada as majorly contributing countries.

Key growth factors

In North America there are many companies and start-ups working on research and development of technologies like machine learning, artificial intelligence, cloud computing services and RFID.

The governments expenditure for implementation of IT solutions in healthcare and increase in the number of skilled IT experts are the major factors favoring the adoption of healthcare IT solutions in North America. Additionally, aging population demands quick and better healthcare services, thereby raising the demand for smart hospitals.

Threats and key players

Cyber-attacks are a major threat to the smart hospitals. The increasing number of ransomware cases and DDoS (Distributed denial of service ) attacks is just a glimpse of things to come.

The introduction of IoT components in the hospital ecosystem increases the attack, rendering hospitals even more vulnerable to cyber-attacks. Also, smart hospital products in the USA need to get approval of the US Food and Drug Administration (FDA), which is a tedious process and stalls the market growth.

The major players in the smart hospital market are Microsoft (US), GE Healthcare (US), Qualcomm Life (US), Honeywell Life Care Solutions (US), Allscripts (US), CitiusTech Inc. (US), Infor (US), Athenahealth (US), PhysIQ (US), AdhereTech (US), Epic (US), GlucoVista (US), STANLEY Healthcare (US), Cerner Corporation (US), and McKesson (US), etc.

What’s covered in the report?

1. Overview of the North America smart hospital market.
2. Historical, current and forecasted market size data for smart pills, mHealth, telemedicine, electronic health record and others.
3. Historical, current and forecasted market size data for remote medicine management, electronic health record and clinical workflow, outpatient vigilance, medical connected imaging, and medical assistance.
4. Historical, current and forecasted market size data for offering and technology.
5. Historical, current and forecasted country-wise (the USA and Canada) market size data for the smart hospital market segmentations by product (smart pills, mHealth, telemedicine, electronic health record and others)

Hospital Outsourcing market : Segmented by Service (Healthcare IT, Clinical services, Business services, Transportation services, Others); By Type (Public, Private) and Region – Global Analysis of Market Size, Share & Trends for 2019–2020 and Forecasts to 2030

The post North America Smart Hospital Market (2018-2023) first appeared on CRI Report.

In the Middle East and Africa, digital technology in healthcare is quite at a initial stage. In this region, UAE has the maximum level of adoption of technology in healthcare industry. In this, paperless health care system is used that collects patient data and analyses it, also AI helps in assisting doctors with the intelligent diagnosis. Health apps and wearables are very likely to incorporate smart hospitals in this market. The region has many doctors and medical experts moved in from different countries to providing better medical services to the patients. According to Netscribes, the Middle East and Africa smart hospital market is expected to have a significant compound annual growth rate (CAGR) of 12.89% and reach a market size of USD 2.11 Bn by 2023.

Some parts of Africa still has to grow economically in order to build the infrastructure required for smart hospitals. Due to the rising mobile and internet facility, health apps have gained speed. South Africa part has started adopting some of the offerings of smart hospitals like artificial intelligence (AI), electronic health record and remote medicine, etc.
The Middle East and Africa smart hospital market is bifurcated on the basis of product (smart pills, mHealth, telemedicine, electronic health record and others), application (remote medicine management, electronic health record and clinical workflow, outpatient vigilance, medical connected imaging and medical assistance), and artificial intelligence (offering and technology). The technologies used are AI, cloud computing, radio frequencies identification, wearable technologies, zigbee technologies, internet of things (IoT) and others. This region includes Africa, Saudi Arabia and the United Arab Emirates as majorly contributing countries.

Key growth factors

In the Middle East and Africa, the UAE already has started building some smart hospitals, thereby motivating the digital healthcare in other regions. Government initiatives have also increased the growth of smart hospitals. The investors investing in medical services is another boosting factor for the growth of smart hospitals in the Middle East. The African region is on the verge of adopting the IoT as mobile devices have taken the popularity amongst people.

Threats and key players

Despite improvements, cost constraint is one of the biggest issues faced in the healthcare sector in Africa. The economic condition of the country remains challenging for smart hospital market and adds considerable pressure to the government and it ultimately affects the future spending on health care. So, the overall growth of smart hospital facilities may be hindered.
The major players in the smart hospital market are Microsoft, GE Healthcare, Qualcomm Life, Philips, SAP, Siemens, Medtronic, STANLEY Healthcare, Cerner Corporation, Honeywell Life Care Solution etc.

Whats covered in the report?

1. Overview of the Middle East and Africa smart hospital market.
2. Historical, current and forecasted market size data for smart pills, mHealth, telemedicine, electronic health record and others.
3. Historical, current and forecasted market size data for remote medicine management, electronic health record and clinical workflow, outpatient vigilance, medical connected imaging and medical assistance.
4. Historical, current and forecasted market size data for offering and technology.
5. Historical, current and forecasted country-wise (Africa, Saudi Arabia and UAE) market size data for Africa, Saudi Arabia and the UAE smart hospital market segments by product (smart pills, mHealth, telemedicine, electronic health record and others), by application (remote medicine management, electronic health record and clinical workflow, outpatient vigilance, medical connected imaging and medical assistance), by artificial intelligence (offering and technology)
6. Market trends in the Middle East and Africa smart hospital market.
7. Qualitative analysis of the key drivers and challenges affecting the Middle East and Africa smart hospital market and its segments by product (smart pills, mHealth, telemedicine, electronic health record and others), by application (remote medicine management, electronic health record and clinical workflow, outpatient vigilance, medical connected imaging and medical assistance), by artificial intelligence (offering and technology)
8. Analysis of the competitive landscape and profiles of major players operating in the market

Why buy?

1. Get a broad understanding of the Middle East and Africa smart hospital market.
2. Get country-specific market size and observations for the Middle East and Africa smart hospital market and its segments by product (smart pills, mHealth, telemedicine, electronic health record and others), by application (remote medicine management, electronic health record and clinical workflow, outpatient vigilance, medical connected imaging and medical assistance), by artificial intelligence (offering and technology)
3. Get specific trends, drivers and challenges for the Middle East and Africa smart hospital market and its segments by product (smart pills, mHealth, telemedicine, electronic health record and others), by application (remote medicine management, electronic health record and clinical workflow, outpatient vigilance, medical connected imaging and medical assistanc

The post Middle East and Africa Smart Hospital Market (2018-2023) first appeared on CRI Report.

In Latin America, due to adoption of technologies the market is expected to grow. With the help of partnerships with other industry players, the market is expected to grow. Internet and smartphone usage rates have grown much to accept the disruption of the digital medical services. According to Netscribes, the Latin America smart hospital market is expected to have a significant compound annual growth rate (CAGR) of 15.40% and reach a market size of USD 0.80 Bn by 2023.
Wearable devices, mobile health (mHealth) apps and wireless connectivity have already entered the market and hence it is easier for the companies to enter the market in Latin America to introduce smart hospital advancements. The features that the region have accepted at the greatest extent right now are mHealth and electronic health record. The region is also slowly implementing remote patient monitoring, outpatient vigilance and other offerings of the smart hospital.

The Latin American smart hospital market is bifurcated on the basis of product (smart pills, mHealth, telemedicine, electronic health record and others), application (remote medicine management, electronic health record and clinical workflow, outpatient vigilance, medical connected imaging and medical assistance) and artificial intelligence (AI) (offering and technology). The technologies used are AI, cloud computing, radio frequencies identification, wearable technologies, zigbee technologies, the Internet of Things (IoT) and others. This region includes Argentina, Brazil and Mexico as majorly contributing countries.

Key growth factors

The Latin America are currently focusing on mHealth because of mobile popularity in most of the countries of this region. Government initiatives in the healthcare sector, specifically for smart hospitals are boosting the service providers in the region. Awareness about digital health technologies is driving the demand for wearable health apps and digital therapeutic solutions. Investments in digital healthcare along with the entrance of several digital healthcare startups in the Latin American region are enhancing the smart hospital market.

Threats and key players

In Latin America, about 30% of the population do not have access to healthcare due to poor economic conditions. There is also a lack of adequate resources in the healthcare industry in the region and only a few countries in the region meet international standards of physicians per inhabitants or hospital beds available per inhabitants ratio. These hamper the growth of the market.
The major players in the smart hospital market are Microsoft, GE Healthcare, Qualcomm Life, Honeywell Life Care Solutions, Allscripts, CitiusTech Inc., Infor, Athenahealth, PhysIQ, AdhereTech, Epic, GlucoVista, STANLEY Healthcare, Cerner Corporation, McKesson, etc.

Whats covered in the report?

1. Overview of the Latin American smart hospital market.
2. Historical, current and forecasted market size data for smart pills, mHealth, telemedicine, electronic health record and others.
3. Historical, current and forecasted market size data for remote medicine management, electronic health record and clinical workflow, outpatient vigilance, medical connected imaging and medical assistance.
4. Historical, current and forecasted market size data for offering and technology.
5. Historical, current and forecasted country-wise (Argentina, Brazil and Mexico) market size data for Argentina, Brazil and Mexico smart hospital market segmentations by product (smart pills, mHealth, telemedicine, electronic health record and others), by application (remote medicine management, electronic health record and clinical workflow, outpatient vigilance, medical connected imaging and medical assistance) and by AI (offering and technology).Market trends in the Latin American smart hospital market.
6. Qualitative analysis of the key drivers and challenges affecting the Latin American smart hospital market and its segments (by product – smart pills, mHealth, telemedicine, electronic health record, others, by application – remote medicine management, electronic health record and clinical workflow, outpatient vigilance, medical connected imaging, medical assistance, by artificial intelligence – offering, technology).
7. Analysis of the competitive landscape and profiles of major players operating in the market.

Why buy?

1. Get a broad understanding of the Latin American smart hospital market.
2. Get country-specific market size and observations for the Latin American smart hospital market and its segments by product (smart pills, mHealth, telemedicine, electronic health record and others), by application (remote medicine management, electronic health record and clinical workflow, outpatient vigilance, medical connected imaging and medical assistance) and b

The post Latin America Smart Hospital Market (2018-2023) first appeared on CRI Report.

With growing number of chronic diseases, demand for medical services has increased rapidly in the region. The smart hospital market uses advanced technologies to help doctors for better medical treatment. In Europe, countries like Germany, the UK, Sweden and Netherlands have advanced infrastructure to deploy next-generation health informatics application and build smart hospitals. It uses artificial intelligence (AI) for smart medical services and internet of things (IoT) to connect devices with each other in order to transfer patient data and make use of it to reduce the risks involved in health. According to Netscribes, the Europe smart hospital market is expected to have a significant compound annual growth rate (CAGR) of 21.98% and reach a market size of USD 16.70 Bn by 2023.

In Europe, there has been changes in the lifestyles of people with the countries getting developed and increase in per capita income causing people to adopt unhealthy lifestyles and eating habits. It increases the chances of severe diseases not only for the aging crowd but also for young generation. This demands the need for smart hospitals in this region. Also, the European Health Insurance Card has encouraged people to opt for treatment with heavy costs involved to get it done with government financing. This region has seen good growth for smart hospitals in past few years and it is forecasted to be consistent with it.

The European smart hospital market is bifurcated on the basis of product (smart pills, mHealth, telemedicine, electronic health record and others), application (remote medicine management, electronic health record and clinical workflow, outpatient vigilance, medical connected imaging and medical assistance), artificial intelligence (offering and technology). The technologies used are artificial intelligence, cloud computing, radio frequencies identification, wearable technologies, zigbee technologies, internet of things (IoT) and others. This region includes the United Kingdom (UK) and Germany as majorly contributing countries.

Key growth factors

One of the major factors that drive market growth in the European region is the huge amount of expenditure for medical technologies. Countries like Sweden, France and Ireland are getting aware of the value of technology-enabled healthcare, and the demand for smart hospitals in the European region is rising. Regulatory bodies are relaxed for the smart equipment and devices in Europe making it easier for companies to cater to the market.

Threats and key players

Smart hospitals in Europe have faced a major blow on its economy recently due to the exit of Britain from the European Union (EU). It has impacted the working structure of the countries as well as the development of medical industry. It has also affected the innovation centres in the European region, which has put the challenge in front of the major players in this market.
The major players in the smart hospital market are SAP, Medtronic, GE Healthcare, Qualcomm Life, Honeywell Life Care Solutions, Allscripts, CitiusTech Inc., Infor, Athenahealth, PhysIQ, AdhereTech, Epic, GlucoVista, STANLEY Healthcare, etc.

Whats covered in the report?

1. Overview of the European smart hospital market.
2. Historical, current and forecasted market size data for smart pills, mHealth, telemedicine, electronic health record and others.
3. Historical, current and forecasted market size data for remote medicine management, electronic health record and clinical workflow, outpatient vigilance, medical connected imaging and medical assistance.
4. Historical, current and forecasted market size data for offering and technology.
5. Historical, current and forecasted country-wise (the UK and Germany) market size data for the UK and Germany smart hospital market segments by product (smart pills, mHealth, telemedicine, electronic health record and others), by application (remote medicine management, electronic health record and clinical workflow, outpatient vigilance, medical connected imaging and medical assistance), by artificial intelligence (offering and technology).
6. Market trends in the European smart hospital market.
7. Qualitative analysis of the key drivers and challenges affecting the European smart hospital market and its segments by product (smart pills, mHealth, telemedicine, electronic health record and others), by application (remote medicine management, electronic health record and clinical workflow, outpatient vigilance, medical connected imaging and medical assistance), by artificial intelligence (offering and technology)
8. Analysis of the competitive landscape and profiles of major players operating in the market

Why buy?

1. Get a broad understanding of the European smart hospital market.
2. Get country-specific m

The post Europe Smart Hospital Market (2018-2023) first appeared on CRI Report.

Being the fastest growing region, Asia-Pacific has the major concern about medical services. The smart hospital brings the medical treatments in comparatively cheap expenses in the long run. The Asia-Pacific region has the potential to grow in smart hospital market, having a lot of companies and hospitals taking initiatives to install e-Health concept in their services. According to Netscribes, the Asia-Pacific smart hospital market is expected to have a significant compound annual growth rate of 28.40% and reach a market size of USD 14.59 Bn by 2023.
The increased use of mobile devices in the Asia-Pacific region has caused the growth of the market. It helps them to stay connected to the doctors on a real time basis and the patients health can be monitored quickly. Tele-consultation have become popular in countries like China and India, having a huge population and comparatively less number of doctors. It is easier for doctors to follow up and remotely supervise patients using the Internet of Things (IoT) and artificial intelligence (AI) which is growing in this region. Also, countries like India and Taiwan are becoming popular in Europe, North America and rest of the world for outbound medical tourism because of affordable medical expenses.

The Asia-Pacific smart hospital market is bifurcated on the basis of product (smart pills, mHealth, telemedicine, electronic health record and others), application (remote medicine management, electronic health record and clinical workflow, outpatient vigilance, medical connected imaging and medical assistance), artificial intelligence (offering and technology). The technologies used are AI, cloud computing, radio frequencies identification, wearable technologies, zigbee technologies, IoT and others. This region includes Japan, China, India and South Korea as majorly contributing countries.

Key growth factors

In the Asia-Pacific region, due to the collaborative working of the government and the private organizations, the smart hospital implementation has become easier. As the mobile devices have become popular, execution of IoT is at its peak. The concept of smart city is pushing the need for having smart hospitals and similar infrastructure in developing countries like India.

Threats and key players

As many countries in this region are in the stage of development, the smart hospital concept is still unaffordable for them. Also, cyber-security is one of the major issues to be concerned about. Cyber-attack is a major threat to smart hospitals.
The major players in the smart hospital market are Microsoft, GE Healthcare, Qualcomm Life, Philips, SAP, Siemens, Medtronic, STANLEY Healthcare, Cerner Corporation, Honeywell Life Care Solution etc.

Whats covered in the report?

1. Overview of the Asia-Pacific smart hospital market.
2. Historical, current and forecasted market size data for smart pills, mHealth, telemedicine, electronic health record and others.
3. Historical, current and forecasted market size data for remote medicine management, electronic health record and clinical workflow, outpatient vigilance, medical connected imaging and medical assistance.
4. Historical, current and forecasted market size data for offering and technology.
5. Historical, current and forecasted country wise (Japan, China, India and South Korea) market size data for Japan, China, India and South Korea smart hospital market segmentations by product (smart pills, mHealth, telemedicine, electronic health record and others), by application (remote medicine management, electronic health record and clinical workflow, outpatient vigilance, medical connected imaging and medical assistance), by artificial intelligence (offering and technology).
6. Market trends in the Asia-Pacific smart hospital market.
7. Qualitative analysis of the key drivers and challenges affecting the Asia-Pacific smart hospital market and its segments by product (smart pills, mHealth, telemedicine, electronic health record and others), by application (remote medicine management, electronic health record and clinical workflow, outpatient vigilance, medical connected imaging and medical assistance), by artificial intelligence (offering and technology)
8. Analysis of the competitive landscape and profiles of major players operating in the market

Why buy?

1. Get a broad understanding of the Asia-Pacific smart hospital market.
2. Get country-specific market size and observations for the Asia-Pacific smart hospital market and its segments by product (smart pills, mHealth, telemedicine, electronic health record and others), by application (remote medicine management, electronic health record and clinical workflow, outpatient vigilance, medical connected imaging and medical assistance), by artificial intelligence (offering and technology)
3. Get specific trends, drivers and challenges for the Asia-Pacific smart hospital market and its segments by product (smart pills, mHealth, telemedicine, electronic health record and others), by application (rem

The post Asia-Pacific Smart Hospital Market (2018-2023) first appeared on CRI Report.

The smart hospital is a technological revolution in the healthcare industry which manages a large amount of available data and integrates different hospital delivery mechanisms. It makes use of the electronic patient records and streamlining processes, which lead to improved quality of life by reducing the risks to health (by remote monitoring) and improving the general well-being of people. Smart healthcare provides more patient-centric services that improve access to healthcare and are customized to individual patients’ needs. According to Netscribes, the global smart hospital market is expected to have a significant compounded annual growth rate (CAGR) of 23.29% and reach a market size of USD 55.76 Bn by 2023.

The factors that drive the market growth are machine learning, artificial intelligence (AI), cloud computing services, radio-frequency identification (RFID) and others. The radio-frequency identification allows providing real-time information that supports in decision making and creating a secure and reliable smart hospital management information system. The real-time patient management system helps in automating and streamlining patient identification processes.

The global smart hospital market is bifurcated on the basis of products (smart pills, mHealth, telemedicine, electronic health record and others), application (remote medicine management, electronic health record and clinical workflow, outpatient vigilance, medical connected imaging, and medical assistance) and artificial intelligence (offering and technology) and regions. The technologies used are AI, cloud computing, radio frequencies identification, wearable technologies, zigbee technologies, Internet of Things (IoT) and others. The regions include North America, Europe, Asia-Pacific, Latin America, and The Middle East and Africa.
Almost all operating room and intensive care unit (ICU) devices such as blood pressure cuffs, ventilators and intravenous pumps can be interconnected for automatic error detection by introducing IoT in them, so that these devices help provide better care to patients in hospitals. This is driving the market for outpatient vigilance during the forecast period.

Key growth factors

Initiatives taken by governments for the implementation of IT solutions in healthcare, rise in government expenditure on healthcare systems and increase in the number of skilled IT experts are the major factors favoring the adoption of healthcare IT solutions in not only developed regions but also in emerging markets. The factors that drive the market growth are machine learning, artificial intelligence, cloud computing services, RFID and others.
The growth of smart hospitals is attributed to the increasing prevalence of chronic diseases, rising need for better patient care, and efficient and accurate solutions. In addition, the benefits of a smart hospital such as the decreased cost of treatment, improved outcomes of treatment, enhanced patient experience, reduced errors and improved disease management boost the growth of the smart hospital market.

Threats and key players

The smart hospital has cyber-attacks as the major threat. The increasing number of ransomware cases and distributed denial of security (DDoS) attacks is just a glimpse of things to come. The introduction of Internet of Things (IoT) components in the hospital ecosystem increases the attack, rendering hospitals even more vulnerable to cyber-attacks. Also, smart hospitals have robotic process automation in which security issues may arise when a particular susceptibility is introduced in the programming system of a medical robot. This can significantly compromise healthcare quality.
The major players in the smart hospital market are Medtronic (Ireland), Philips (Netherlands), Microsoft (US), GE Healthcare (US), Qualcomm Life (US), Honeywell Life Care Solutions (US), SAP (Germany), Siemens AG (Germany), STANLEY Healthcare (US), Cerner Corporation (US) and McKesson (US).

Whats covered in the report?

1. Overview of the global smart hospital market.
2. Historical, current and forecasted market size data for smart pills, mHealth, telemedicine, electronic health record and others.
3. Historical, current and forecasted market size data for remote medicine management, electronic health record and clinical workflow, outpatient vigilance, medical connected imaging, and medical assistance.
4. Historical, current and forecasted market size data for offering and technology.
5. Historical, current and forecasted regional (North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa) market size data for the global smart hospital market segments by product (smart pills, mHealth, telemedicine, electronic health record and others), by application (remote medicine management, electronic health record and clinical workflow, outpatient vigilance, medical connected imaging and medical assistance), and by artificial Intelligence (offering and technology).
6. Market trends in the global smart hospital market.
7. Qualitative analysis of the key drivers and challenges affecting the global smart hospital market and its segments by product (smart pills, mHealth, telemedicine, electronic health record and others), by application (remote medicine management, electronic health record and clinical workflow, outpatient vigilance, medical connected imaging and medical assistance) and by AI (offering and technology).
8. Analysis of the competitive landscape and profiles of major players operating in the market.

Why buy?

1. Get a broad understanding of the global smart hospital market.
2. Get region-specific market size and observations for the global smart hospital market and its segments by product (smart pills, mHealth, telemedicine, electronic health record and others), by application (remote medicine management, electronic health record and clinical workflow, outpatient vigilance, medical connected imaging and medical assistance) and by AI (offering and technology).
3. Get specific drivers and challenges for the global smart hospital market and its segments by product (smart pills, mHealth, telemedicine, electronic health record and others), by application (remote medicine management, electronic health record and clinical workflow, outpatient vigilance, medical connected imaging and medical assistance) and by AI (offering and technology).
4. Recognize major competi

The post Global Smart Hospital Market (2018-2023) first appeared on CRI Report.