Medical Health & Life Science Research News

Modernization of healthcare infrastructure is boosting the demand for smart hospitals market according to new research report

The smart hospital market was valued at USD 13.52 Billion in 2016 and is expected reach USD 63.49 Billion by 2023, at a CAGR of 24.00% from 2017 to 2023. The base year used for this study is 2016 and the forecast period is between 2017 and 2023. This report provides a detailed analysis of the market based on component, connectivity, service rendered, artificial intelligence, application, and region. The report also provides detailed information regarding the major factors influencing the growth of the market (drivers, restraints, opportunities, and challenges). Moreover, the report provides industry trends, insights based on the value chain analysis, and strategic benchmarking of the market.

- Advertising -

According to the new market research report "Smart Hospital Market by Component (Hardware, Services, and Systems & Software), Services Rendered (General, Specialty, and Super Specialty), Connectivity, Application, Artificial Intelligence, and Region - Global Forecast to 2023", the smart hospital market is estimated to be valued at USD 63.49 Billion by 2023, growing at a CAGR of 24.00% between 2017 and 2023. 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.

Browse 71 Market Data Tables and 48 Figures spread through 176 Pages and in-depth TOC on "Smart Hospital Market - Global Forecast to 2023"…ket-29319948.html

- Advertising -

“Outpatient vigilance application is expected to grow at the highest CAGR during the forecast period”

Outpatient vigilance technology allows healthcare facility to effectively monitor every patient bed and constantly monitor a patient’s status without having to connect cables, leads, and sensors to the individual. This is the key factor behind the growth of outpatient vigilance application.

Download PDF Brochure at

“Systems and software component of the smart hospital market expected to grow at the highest CAGR between 2017 and 2023”

The systems and software segment mainly focuses on device management and integration, information security, data collection, and data analytics. In addition, it helps to create a high degree of smart characteristics and autonomy among healthcare providers, hospital infrastructure, and patients.

This drives the growth of the system and software segment during the forecast period.

“The smart hospital market in APAC expected to grow at the highest rate during the forecast period”

The reason behind the growth in APAC is the increasing number of hospitals and surgical centers in the region. Furthermore, the modernization of the healthcare infrastructure, rising start-up companies, and mergers & acquisitions in the healthcare sector has aided the growth of the healthcare industry in China, Japan, India, and South Korea.


The major players in the smart hospital market are Medtronic (Ireland), Philips (Netherlands), Microsoft (US), GE Healthcare (US) and Qualcomm Life (US), Honeywell Life Care Solutions (US), SAP (Germany), Allscripts (US), Allengers (India), Siemens AG (Germany), and CitiusTech Inc. (US), Infor (US), Athenahealth (US), PhysIQ (US), Diabetizer (Germany), AdhereTech (US), Epic (US), GlucoVista (US), STANLEY Healthcare (US), Cerner Corporation (US), and McKesson (US).


News From

MarketsandMarkets™ - Business ResearchMarketsandMarkets™
Category: Market Research Publishers and RetailersCompany about: MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions. Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth ...
This email address is being protected from spambots. You need JavaScript enabled to view it.