Global Smart Hospitals Market Size, Share, Forecast Report, 2020-2027

The global Smart Hospitals market garnered revenue around USD 22.41 Billion in 2019 and projected to reach USD 221.1 Billion in 2027, with at a compound annual growth rate (CAGR) 19.7% throughout the estimate period from 2020 to 2027.

The high prevalence of active COVID-19 (coronavirus) cases in the U.S., India, Brazil, and Russia has triggered innovations in humanoid robots. Stakeholders in the smart hospitals market are taking cues from Beijing-based robotics company CloudMinds, which is providing humanoid robots in hospitals to free up human medical staff and limit the possibility of virus spread.

Companies in the smart hospitals market are increasing their R&D to innovate in humanoid robots, as these machines hold promising potentials to offset the losses made in 2020. Healthcare facilities looking to eliminate costs associated with human staff are showing interest in humanoid robots.

This research report encompasses precise assessment of the market with the help of comprehensive qualitative insights and supportable prognoses regarding market size, consumption and production. The projections presented in the report have been derived using proven research methodologies and assumptions. It does so by means of comprehensive qualitative insights, historical statistics, and verifiable predictions about market revenue and sales.

The rapidly budding threat owed to the eruption of COVID-19 is impacting lives, communities, businesses, and industries across the globe. With businesses shuttered, flights grounded,COVID-19 is about to affect the global economy in different ways such as by directly upsetting production and demand, by generating supply chain disruption, and by its financial impact on firms and financial markets. Therefore, this report covers COVID-19 outbreak impact analysis on the Smart Hospitals market under the research study. The market estimates offered in the report are the outcome of in-depth extensive secondary research, primary interviews and in-house professional assessments. These market evaluations have been measured by reviewing the impact of numerous social, political and economic factors coupled with recent market dynamics affecting the Smart Hospitals market growth.

The global Smart Hospitals market is characterized by the presence of numerous small as well as medium scale companies. These players are largely focused towards forward integration via raw material production, product manufacturing, and distribution across various industry verticals. The report recognizes numerous crucial manufacturers of the market. This research study aids to comprehend the strategies and associations that companies are converging to survive in this competitive marketplace. This report assists in understanding footprints of the manufacturers with the help of their global revenue, production, capacity and average selling price analysis for period 2016-2027.

Major manufacturers analysed under this study comprises:

The market is dominated by key players with innovative product offerings, robust geographic presence, and large investments toward development and adoption of technical advanced software. Leading players operating in the global smart hospitals market include GE Healthcare (General Electric Company), Koninklijke Philips N.V., Medtronic, Cerner Corporation, Honeywell International, Inc., STANLEY Healthcare, Capsule Technologies, Inc., Mckesson Corporation, Microsoft, and SAP SE. For instance, in October 2019, Koninklijke Philips N.V. and Klinikum Stuttgart Hospital entered into a comprehensive 10-year innovation partnership agreement. This agreement covers diagnostic imaging and intelligent informatics solutions.

This report delivers market breakdown and its revenue, consumption, production analysis and projections by categorizing it depending on parameters such as type, application/end-user, and region. This research report delivers the analysis and prognosis of revenue, production, price, market share and growth trend for different products such as:

Global Smart Hospitals Market: Segmentation

• Smart Hospitals Market, by Component
  • Hardware
  • Systems & Software
  • Services
• Smart Hospitals Market, by Service Offered
  • General
  • Super Specialty
  • Others
• Smart Hospitals Market, by Connectivity
  • Wired
  • Wireless
• Smart Hospitals Market, by Application
  • Electronic Health Records & Clinical Workflow
  • Medical Assistance
  • Medical Connected Imaging
  • Remote Medical Management
  • Others

Regional Analysis and Forecast

Further, this research study analyses market size, production, consumption and its advancement trends at global, regional, and country level for period 2016 to 2027 and covers following region in its scope:

• North America
  • United States
  • Canada
• Europe
  • Germany
  • United Kingdom
  • Italy
  • France
  • Rest of EU
• Asia Pacific
  • China
  • India
  • Japan
  • Southeast Asia
  • Rest of APAC
• Central & South America
  • Brazil
  • Argentina
  • Rest of Central & South America
• Middle East and Africa
  • UAE
  • Saudi Arabia
  • Rest of MEA