Pune, India -- (SBWIRE) -- 08/21/2019 -- The Smart Hospital Market report also provides an in-depth survey of key players in the market organization.

Global Smart Hospital Market Synopsis:

According to Market Analyst, 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.

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The Global "Smart Hospital Market" research 2019 highlights the major details and provides in-depth analysis of the market along with the future growth, prospects and Industry demands analysis explores with the help of complete report with 90 Pages, figures, graphs and table of contents to analyze the situations of global Smart Hospital Market and Assessment to 2023.

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.

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.

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.

Major Players profiled in the Smart Hospital Market report incorporate: 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).

Latest Industry News

Medtronic plc (NYSE:MDT) today announced that the company has received U.S. Food and Drug Administration (FDA) approval for the CareLink SmartSync(TM) Device Manager. With the introduction of SmartSync, physicians will now be able to use an Apple® iPad® to program and manage data from Medtronic's BlueSync-enabled implanted cardiac devices.

SmartSync is a next-generation programmer and pacing system analyzer that follows the popular CareLink(TM) 2090 programmer. It features a simplified user interface, enhanced security and Bluetooth® capabilities to communicate with compatible cardiac devices. As a wireless system that weighs just over two pounds, SmartSync is easily portable allowing physicians more freedom to engage with patients as they program and manage cardiac devices and device data. SmartSync includes the CareLink SmartSync mobile application, patient connector (telemetry head) and base station (pacing system analyzer).

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Significant points in table of contents: Market Definition, Market Overview, Business Introduction, Segmentation (Region Level), Segmentation (Type Level), Segmentation (Industry Level), Segmentation (Channel Level), Market Forecast Year, Segmentation Type, Segmentation Industry, Market Cost Analysis, and Conclusion.

Report contents include

1 Analysis of the Smart Hospital Market including revenues, future growth, market outlook

2 Historical data and forecast

3 Regional analysis including growth estimates

4 Analyzes the end user markets including growth estimates.

5 Profiles on Smart Hospital Market including products, sales/revenues, and market position

6 Market structure, market drivers and restraints.

Table of Content

1 Executive summary

2 Global precision medicine market ? overview

3 North America precision medicine market

4 Europe precision medicine market

5 Asia-Pacific precision medicine market

6 Latin America precision medicine market

7 The Middle East and Africa precision medicine market

8 Competitive landscape

9 Conclusion

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