Smart hospitals utilize advanced technologies such as IoT, AI, big data analytics and cloud computing to reduce human errors, provide better care to patients and enhance overall operations. They aid in remote monitoring of patients, automated maintenance & repair of medical equipment, personalized care through electronic health records and better diagnostic & treatment procedures. The global Smart Hospitals Market is estimated to be valued at US$ 41 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 adoption of advanced technologies is one of the key trends driving the growth of the smart hospitals market. Advanced technologies such as IoT, AI, blockchain, cloud computing and big data analytics help improve clinical workflows as they automate various medical processes and provide better connectivity. This enables round-the-clock monitoring of patients, access to electronic health records from anywhere, automated maintenance of medical equipment through predictive analysis and personalized care through big data insights. The growing investment by hospitals in such digital technologies is expected to boost the smart hospitals market during the forecast period.
Segment Analysis
The global smart hospitals market is dominated by the smart electronic health record sub-segment. This is because electronic health records help digitize important patient information such as medical history, diagnoses, medications, treatment plans, immunization dates, allergic and more. It provides easy access to comprehensive patient health records from anywhere. This eases workflow and improves overall operational efficiency of hospitals.
Key Takeaways
The Global Smart Hospitals Market Size is expected to witness high growth during the forecast period of 2023 to 2030.
Regional Analysis: North America currently holds the largest share in the smart hospitals market due to rapid rise in adoption of advanced technological solutions across healthcare facilities in the region. The Asia Pacific region is the fastest growing market for smart hospitals. Countries like China, India and Japan are witnessing significant growth due to improving healthcare infrastructure and rising healthcare spending.
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. Silvert's and Izzy Camilleri are among the top players due to their extensive product portfolio for adaptive clothing and footwear needs.
For More Insights, Read: https://www.newswirestats.com/smart-hospitals-market-trends-growth-and-regional-outlook-2023-2030/
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