The global smart hospitals market should reach $111.99 billion by 2026 from $39.16 billion in 2021 at a compound annual growth rate (CAGR) of 23.4% for the forecast period of 2021 to 2026.
The system and software segment of the global smart hospitals market is expected to grow from $17.82 billion in 2021 to $52.52 billion in 2026 at a CAGR of 24.1% for the forecast period of 2021 to 2026.
The hardware segment of the global smart hospitals market is expected to grow from $12.92 billion in 2021 to $35.11 billion in 2026 at a CAGR of 22.1% for the forecast period of 2021 to 2026.
Report Scope
The scope of this study entails the worldwide market for smart hospitals. The report covers the entire market for smart hospitals, which incorporates three main components: hardware, system and software and service. Based on application, smart hospitals are divided into remote medicine management, medical connected imaging, electronic health records and clinical workflows, and others. By connectivity, the market is segmented between wired and wireless.
By geography, the market has been divided into four regions: North America, Europe, Asia-Pacific and the Rest of the World. Detailed analyses of major countries including the U.S., Canada, Germany, the U.K., France, Spain, Italy, Japan, China and India are covered. For market estimates, data have been provided for the year 2020 as the base year, with forecasts for 2021-2026. Estimated values are based on drug manufacturer total revenues. Projected and forecasted revenue values are in constant U.S. dollars, unadjusted for inflation.
The Report Includes
- 29 tables
- An overview of the global smart hospitals market
- Estimation of the market size and analyses of the global market trends, with data from 2019 to 2020, estimates for 2021, with projection of CAGR through 2026
- Analysis of new opportunities, challenges, and technological changes within the industry and highlights of the market potential by component, connectivity, application and region
- Coverage of key technologies of digital health market and classification of smart healthcare
- Detailed analysis of the current market trends and forecast, new products launches and product enhancement, technological innovation, upcoming technologies and the technical progress of the industry
- Market share analysis of the key companies of the industry and coverage of events like mergers & acquisitions, joint ventures, collaborations or partnerships and other key market strategies
- Company profiles of major players in the market, including Allscripts Healthcare LLC, General Electric Co., IBM, Medtronic PLC and Siemens
Table of Contents
Chapter 1 Introduction
- Study Goals and Objectives
- Reasons for Doing This Study
- Scope of Report
- Information Sources
- Methodology
- Intended Audience
- Geographic Breakdown
- Analyst's Credentials
- Custom Research
- Related Reports
Chapter 2 Summary and Highlights
- Market Size and Evolution
Chapter 3 Market Overview
- Healthcare IT Overview
- Smart Healthcare
- Emergence of the Smart Hospital
- Objectives of Smart Hospitals
- Improved Diagnostics/Surgical Ability
- Seamless Patient Flow
- Remote Medical Care
- Enhanced Patient Safety
- Cyber Resilience
- Trustworthiness
- Introduction to IoT
- Application of IoT in Healthcare
- Market Dynamics
- Drivers
- Market Restraints
- Market Opportunities
- Impact of COVID-19 on Smart Hospitals
- Finding the Way
- Tracking Equipment
- Location Intelligence
Chapter 4 Global Market for Smart Hospitals
- Overview
- Global Market for Smart Hospitals by Component
- Hardware
- Systems and Software
- Services
- Global Market for Smart Hospitals by Connectivity
- Wired
- Wireless
- Global Market for Smart Hospitals by Application
- Remote Medicine Management
- Medical Connected Imaging
- Electronic Health Record and Clinical Workflow
- Others
Chapter 5 Global Market for Smart Hospitals by Region
- Introduction
- North America
- Europe
- Asia-Pacific
- Rest of the World
Chapter 6 Industry Structure
- Current Scenario of Smart Hospitals
- Mergers and Acquisitions
- Company Share Analysis
Chapter 7 Company Profiles
- Allscripts Healthcare LLC
- Cerner Corp.
- General Electric Co.
- Honeywell International Inc.
- IBM
- Koninklijke Philips N.V.
- Medtronic
- Microsoft
- Siemens
- Stanley Healthcare
List of Tables
Summary Table: Global Market for Smart Hospitals, by Component, Through 2026
Table 1: Major Classes of Healthcare IT Technologies
Table 2: Smart Hospital Assets
Table 3: Global Market for Smart Hospitals, Through 2026
Table 4: Global Market for Smart Hospitals, by Component, Through 2026
Table 5: Global Market for Smart Hospitals, by Connectivity, Through 2026
Table 6: Global Market for Smart Hospitals, by Application, Through 2026
Table 7: Global Market for Smart Hospitals, by Region, Through 2026
Table 8: Best Smart Hospitals in the U.S., 2021
Table 9: Best Smart Hospitals in Canada, 2021
Table 10: North American Market for Smart Hospitals, by Country, Through 2026
Table 11: Best Smart Hospitals in Europe, 2021
Table 12: European Market for Smart Hospitals, by Country, Through 2026
Table 13: Best Smart Hospitals in the Asia-Pacific Region, 2021
Table 14: Asia-Pacific Market for Smart Hospitals, by Country/Region, Through 2026
Table 15: Best Smart Hospitals in the Rest of the World, 2021
Table 16: Rest of the World Market for Smart Hospitals, Through 2026
Table 17: Various Smart Technologies used Before, After and During Any Treatment
Table 18: Top Five Smart Hospital Market Players, 2020
Table 19: Allscripts Healthcare LLC: Marketed Products, 2020
Table 20: Cerner Corp.: Marketed Products, 2020
Table 21: General Electric Co.: Marketed Products, 2020
Table 22: Honeywell International Inc.: Marketed Products, 2020
Table 23: IBM: Marketed Products, 2020
Table 24: Koninklijke Philips N.V.: Marketed Products
Table 25: Medtronic: Marketed Products, 2020
Table 26: Microsoft: Marketed Products, 2020
Table 27: Siemens: Marketed Products, 2020
Table 28: Stanley Healthcare: Marketed Products, 2020
List of Figures
Summary Figure: Global Market Shares of Smart Hospitals, by Component, 2020
Figure 1: Classification of Smart Healthcare
Figure 2: Concept of the Digital Hospital
Figure 3: Objectives of Smart Hospitals
Figure 4: Global Market Shares of Smart Hospitals, by Component, 2020
Figure 5: Global Market for Hardware, 2019-2026
Figure 6: Global Market for Systems and Software, 2019-2026
Figure 7: Global Market for Services, 2019-2026
Figure 8: Global Market Shares of Smart Hospitals, by Connectivity, 2020
Figure 9: Global Market for Wired Connectivity, 2019-2026
Figure 10: The Main Functions of Each Layer in Smart Healthcare Systems
Figure 11: Global Market for Wireless Connectivity, 2019-2026
Figure 12: Global Market Shares of Smart Hospitals, by Application, 2020
Figure 13: Role of eHealth in Enhancing Personalization and Monitoring in Patients Medicines Management Journeys
Figure 14: Global Market for Remote Medicine Management, 2019-2026
Figure 15: Global Market for Medical Connected Imaging, 2019-2026
Figure 16: Global Market for Electronic Health Records and Clinical Workflow, 2019-2026
Figure 17: Global Market for Others, 2019-2026
Figure 18: Global Market for Smart Hospitals, by Region, 2019-2026
Figure 19: Global Market Shares of Smart Hospitals, by Region, 2020
Figure 20: North American Market Shares of Smart Hospitals, by Country, 2020
Figure 21: European Market Shares of Smart Hospitals, by Country, 2020
Figure 22: Asia-Pacific Market Shares of Smart Hospitals, by Country, 2020
Figure 23: Allscripts Healthcare LLC: Annual Revenue, 2018-2020
Figure 24: Allscripts Healthcare LLC: Revenue Shares, by Segment, 2020
Figure 25: Allscripts Healthcare LLC: Revenue Shares, by Geography, 2020
Figure 26: Cerner Corp.: Annual Revenue, 2018-2020
Figure 27: Cerner Corp.: Revenue Shares, by Segment, 2020
Figure 28: Cerner Corp.: Revenue Shares, by Geography, 2020
Figure 29: General Electric Co.: Annual Revenue, 2018-2020
Figure 30: General Electric Co.: Healthcare Segment Revenue, 2018-2020
Figure 31: General Electric Co.: Revenue Shares, by Geography, 2020
Figure 32: Honeywell International Inc.: Annual Revenue, 2018-2020
Figure 33: Honeywell International Inc.: Revenue Shares, by Segment, 2020
Figure 34: Honeywell International Inc.: Revenue Shares, by Geography, 2020
Figure 35: IBM: Annual Revenue, 2018-2020
Figure 36: IBM: Revenue Shares, by Products/Service, 2020
Figure 37: IBM: Revenue Shares, by Geography, 2020
Figure 38: Koninklijke Philips N.V.: Annual Revenue, 2018-2020
Figure 39: Koninklijke Philips N.V.: Revenue Shares, by Business Segment, 2020
Figure 40: Koninklijke Philips N.V.: Revenue Shares, by Geography, 2020
Figure 41: Medtronic: Annual Revenue, 2018-2020
Figure 42: Medtronic: Revenue Shares, by Segment, 2020
Figure 43: Medtronic: Revenue Shares, by Geography, 2020
Figure 44: Microsoft: Financial Performance, 2018-2020
Figure 45: Microsoft: Revenue Shares, by Segment, 2020
Figure 46: Microsoft: Revenue Shares, by Geography, 2020
Figure 47: Siemens: Annual Revenue, 2019 and 2020
Figure 48: Siemens: Siemens Healthineers Segment Revenue, 2019 and 2020
Figure 49: Siemens: Revenue Shares, by Geography, 2020
Executive Summary
The internet of Things (IoT) has changed the modern world. Devices are becoming autonomous and interconnected. When this technology is used in the healthcare industry, it adds a remarkable upgrade in terms of quality of patient life. These interconnected devices for transferring clinical information through various networks offer increased patient safety and efficiency. A smart hospital is a hospital where the whole healthcare organization is connected for various clinical and administrative data transfer processes that are completed seamlessly. People, as well as the devices and environment in smart hospitals, are interconnected in real-time. Data generated from various sources are seamlessly transferred to a particular person in order to improve the quality of life and patient care.
The six main objectives of smart hospitals include -
- Improved diagnostics and surgical ability.
- Seamless patient flow.
- Remote medical care.
- Enhanced patient safety.
- Cyber resilience.
- Trustworthiness.
Market Size and Evolution
Emerging markets, particularly in the Asia-Pacific region, have shown growth potential in recent years. Growing affluence in these countries brings a change in lifestyles, resulting in an increased incidence of chronic diseases and growing adoption rates of various advanced technologies. Developing countries in Africa and elsewhere are still battling some of the highest proportions of immune-mediated diseases. The need for affordable and innovative medicines and technologically advanced devices drives growth in the smart hospitals market in low- and middle-income developing countries.
Companies Mentioned
- Allscripts Healthcare LLC
- Cerner Corp.
- General Electric Co.
- Honeywell International Inc.
- IBM
- Koninklijke Philips N.V.
- Medtronic
- Microsoft
- Siemens
- Stanley Healthcare
Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 94 |
| Published | December 2021 |
| Forecast Period | 2021 - 2026 |
| Estimated Market Value ( USD | $ 39.2 Billion |
| Forecasted Market Value ( USD | $ 112 Billion |
| Compound Annual Growth Rate | 23.4% |
| Regions Covered | Global |
| No. of Companies Mentioned | 10 |
