Smart hospitals utilize digital health technologies, automation, and advanced connectivity to improve patient outcomes and experiences while reducing costs for payers. This includes the integration of telehealth services that allow patients and providers to connect remotely for diagnosis, treatment, and ongoing monitoring. The growing use of telehealth solutions during the pandemic has significantly boosted their adoption within smart hospital infrastructure. This enabled continued care delivery while maintaining social distancing. The global smart hospitals Market is estimated to be valued at US$ 41.00 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 integration of telehealth services is one of the key trends driving the growth of the smart hospitals market. Telehealth provides 24/7 access to care and helps address issues like shortage of physicians and nurses in remote areas. It allows remote monitoring of patients with chronic conditions as well as speedy triage and diagnosis during medical emergencies. Telehealth also aids collaborative care by enabling secure communication between multispecialty experts and local providers. The COVID-19 pandemic has further accelerated the adoption of telehealth solutions as they ensure continuity of non-emergency care while reducing the burden on hospitals. Over the forecast period, rapid advancements in telemedicine technologies will continue to strengthen its role within smart hospital infrastructure.
Segment Analysis
The smart hospital segment is expected to dominate the smart hospital market. Smart hospital intends to provide improved patient care and safety through digitalization and integration of advanced medical device. These hospitals have electronic health records (EHR) which helps to maintain paperless patient records and share them across different departments. E-Prescription, tele-health, remote monitoring and use of mobile apps are some of the features of smart hospitals. Rise in funding for smart hospital infrastructure from government bodies is a key factor fueling growth of this segment.
Key Takeaways
The global Smart Hospitals Market Growth is expected to witness high growth during the forecast period of 2023 to 2030. The growing geriatric population suffering from chronic diseases and increasing need for cost-effective healthcare delivery are major factors driving demand.
Regional analysis: North America region currently dominates the market and is expected to continue its dominance during the forecast period. Early adoption of advanced medical technologies and rising healthcare spending are contributing to the leading share of the region. Asia Pacific region is expected to witness fastest growth attributed to improving healthcare infrastructure and growing medical tourism in countries like India, China and Japan.
Key players: 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. These players are focusing on new product launches and partnerships with hospitals to strengthen their market position.
For more insights, read- https://www.ukwebwire.com/smart-hospitals-market-trends-size-and-share-analysis/
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