Smart Hospitals

Smart Hospitals

Global Smart Hospitals Market to Reach $131.3 Billion by 2027

In the changed post COVID-19 business landscape, the global market for Smart Hospitals estimated at US$30.1 Billion in the year 2020, is projected to reach a revised size of US$131.3 Billion by 2027, growing at a CAGR of 23.4% over the analysis period 2020-2027. Services, one of the segments analyzed in the report, is projected to record a 22.3% CAGR and reach US$73.6 Billion by the end of the analysis period. Taking into account the ongoing post pandemic recovery, growth in the Hardware segment is readjusted to a revised 23.8% CAGR for the next 7-year period.

The U.S. Market is Estimated at $8.9 Billion, While China is Forecast to Grow at 26.9% CAGR

The Smart Hospitals market in the U.S. is estimated at US$8.9 Billion in the year 2020. China, the world`s second largest economy, is forecast to reach a projected market size of US$18.4 Billion by the year 2027 trailing a CAGR of 26.9% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 19.8% and 22.6% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 21.9% CAGR.Systems & Software Segment to Record 26.4% CAGR

In the global Systems & Software segment, USA, Canada, Japan, China and Europe will drive the 26.4% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$3.8 Billion in the year 2020 will reach a projected size of US$19.4 Billion by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets.

Select Competitors (Total 46 Featured) -

  • AdhereTech Inc.
  • Capsule Technologies, Inc.
  • Cerner Corporation
  • GE Healthcare
  • Honeywell International Inc.
  • Koninklijke Philips N.V.
  • McKesson Corporation
  • Medtronic plc
  • SAP SE
  • Siemens AG
  • STANLEY Healthcare
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I. METHODOLOGY
II. EXECUTIVE SUMMARY
1. MARKET OVERVIEW
Influencer Market Insights
World Market Trajectories
Smart Hospitals – Global Key Competitors Percentage Market Share in 2022 (E)
Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2022 (E)
Rise of IT in Healthcare Provides the Cornerstone for the Growth of Smart Hospitals
Global Spending on Healthcare IT (In US$ Billion) for Years 2018, 2020, 2022 and 2024
The Race Between the Virus & Vaccines Intensifies. Amidst this Chaotic Battle, Where is the World Economy Headed in 2021?
These are Times When Questions Abound & Answers Are Few
So How Fast Or Slow Are We Moving?
How Fast the World is Vaccinated Will Determine How Soon the Pandemic Will End: Global Number of Annual COVID-19 Vaccine Doses (In Million) for Years 2020 through 2025 by Geographic Region/Country
Progress on Vaccinations, Why Should Businesses Care?
As India Burns Amid a Lethal Double & Triple Mutation Driven Second Wave, Its Clear That Equity is Not a Part of Global Policy on Tackling COVID
What We Know So Far – “Vaccine Efficiency Against New Strains is Decreasing”
A Retrospective Review of Year 2020 as the Worst Year in Humanity’s History that Left the World in Shambles & Industries and Markets Upended
With IMF’s Upward Revision of Global GDP Forecasts for 2021, Most Companies Are Bullish About a Global Economic Comeback
A Strong 2021 Economic Rebound Based On Pent-Up Demand Comes as a Relief for Suffering Industries & Markets: World Economic Growth Projections (Real GDP, Annual % Change) for 2020 through 2022
Easing Unemployment Levels in 2021 Although Moderate Will Infuse Hope for Industries Reliant on Consumer Discretionary Incomes: Global Number of Unemployed People (In Million) for Years 2017, 2019, 2020, and 2022
How the Healthcare Industry Has & Continues to be Impacted by the Pandemic & What’s the New Normal?
The Biggest & Worst Ever Public Health Crisis in Human History Creates a Mixed Bag of Challenges & Opportunities for the Healthcare Industry
With the COVID-19 Pandemic Exposing Global Healthcare Unpreparedness, There is Increasing Policy Led Focus on Rebooting Health Systems Worldwide: Current & Required Healthcare Spending as % of GDP
Clinical Diagnostic Laboratories Work Overtime to Manage Giant Waves of COVID Infection Testing Flowing In
Global Clinical Diagnostics Market Reset & Trajectory - Growth Outlook (In %) For Years 2019 Through 2025
The Pandemic Triggers Shift in Consumer Behavior & Engagement With Healthcare Technologies & Services
Healthcare Industry Pushed to Adopt Digital Technologies & Innovate to Save Lives Amid the Crisis
Digital Health Technologies Poised to Break New Grounds Post Pandemic: Global Opportunity in Digital Health (In US$ Billion) for Years 2020, 2022, 2024 and 2026
Smart Hospitals, What Are They & Why Are they the Future of Healthcare
Recent Market Activity
Innovations
2. FOCUS ON SELECT PLAYERS
3. MARKET TRENDS & DRIVERS
COVID-19 Accelerates the Shift to Smart Hospitals. Here’s Why
RFID Based Smart Hospital Asset Tracking & Management Gains in Prominence
Medical Robots Emerge to Make Hospitals Smart & Efficient
Number of Surgical Robots Deployed by Hospitals Worldwide (In Units) for Years 2017, 2019, 2022, 2024 & 2025
Smart Hospitals Step Up the Use of VR simulations to Train Medical Personnel
Growing Deployment of Connected Medical Devices Across Healthcare Enable the Creation of Smart Hospitals
Emergence of AI-Enabled Smart Hospitals to Transform Patient Experience and Improve Medical Outcomes
As Smart Hospitals Become Popular, Cybersecurity Storms Into the Spotlight
4. GLOBAL MARKET PERSPECTIVE
TABLE 1: World Recent Past, Current & Future Analysis for Smart Hospitals by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Revenues in US$ Million for Years 2020 through 2027 and % CAGR
TABLE 2: World 7-Year Perspective for Smart Hospitals by Geographic Region - Percentage Breakdown of Value Revenues for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets for Years 2021 & 2027
TABLE 3: World Recent Past, Current & Future Analysis for Services by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Revenues in US$ Million for Years 2020 through 2027 and % CAGR
TABLE 4: World 7-Year Perspective for Services by Geographic Region - Percentage Breakdown of Value Revenues for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2021 & 2027
TABLE 5: World Recent Past, Current & Future Analysis for Hardware by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Revenues in US$ Million for Years 2020 through 2027 and % CAGR
TABLE 6: World 7-Year Perspective for Hardware by Geographic Region - Percentage Breakdown of Value Revenues for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2021 & 2027
TABLE 7: World Recent Past, Current & Future Analysis for Systems & Software by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Revenues in US$ Million for Years 2020 through 2027 and % CAGR
TABLE 8: World 7-Year Perspective for Systems & Software by Geographic Region - Percentage Breakdown of Value Revenues for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2021 & 2027
TABLE 9: World Recent Past, Current & Future Analysis for Remote Medicine Management by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Revenues in US$ Million for Years 2020 through 2027 and % CAGR
TABLE 10: World 7-Year Perspective for Remote Medicine Management by Geographic Region - Percentage Breakdown of Value Revenues for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2021 & 2027
TABLE 11: World Recent Past, Current & Future Analysis for Electronic Health Record & Clinical Workflow by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Revenues in US$ Million for Years 2020 through 2027 and % CAGR
TABLE 12: World 7-Year Perspective for Electronic Health Record & Clinical Workflow by Geographic Region - Percentage Breakdown of Value Revenues for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2021 & 2027
TABLE 13: World Recent Past, Current & Future Analysis for Medical Assistance by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Revenues in US$ Million for Years 2020 through 2027 and % CAGR
TABLE 14: World 7-Year Perspective for Medical Assistance by Geographic Region - Percentage Breakdown of Value Revenues for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2021 & 2027
TABLE 15: World Recent Past, Current & Future Analysis for Outpatient Vigilance by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Revenues in US$ Million for Years 2020 through 2027 and % CAGR
TABLE 16: World 7-Year Perspective for Outpatient Vigilance by Geographic Region - Percentage Breakdown of Value Revenues for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2021 & 2027
TABLE 17: World Recent Past, Current & Future Analysis for Medical Connected Imaging by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Revenues in US$ Million for Years 2020 through 2027 and % CAGR
TABLE 18: World 7-Year Perspective for Medical Connected Imaging by Geographic Region - Percentage Breakdown of Value Revenues for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2021 & 2027
III. MARKET ANALYSIS
UNITED STATES
Smart Hospitals Market Presence - Strong/Active/Niche/Trivial - Key Competitors in the United States for 2022 (E)
TABLE 19: USA Recent Past, Current & Future Analysis for Smart Hospitals by Component - Services, Hardware and Systems & Software - Independent Analysis of Annual Revenues in US$ Million for the Years 2020 through 2027 and % CAGR
TABLE 20: USA 7-Year Perspective for Smart Hospitals by Component - Percentage Breakdown of Value Revenues for Services, Hardware and Systems & Software for the Years 2021 & 2027
TABLE 21: USA Recent Past, Current & Future Analysis for Smart Hospitals by Application - Remote Medicine Management, Electronic Health Record & Clinical Workflow, Medical Assistance, Outpatient Vigilance and Medical Connected Imaging - Independent Analysis of Annual Revenues in US$ Million for the Years 2020 through 2027 and % CAGR
TABLE 22: USA 7-Year Perspective for Smart Hospitals by Application - Percentage Breakdown of Value Revenues for Remote Medicine Management, Electronic Health Record & Clinical Workflow, Medical Assistance, Outpatient Vigilance and Medical Connected Imaging for the Years 2021 & 2027
CANADA
TABLE 23: Canada Recent Past, Current & Future Analysis for Smart Hospitals by Component - Services, Hardware and Systems & Software - Independent Analysis of Annual Revenues in US$ Million for the Years 2020 through 2027 and % CAGR
TABLE 24: Canada 7-Year Perspective for Smart Hospitals by Component - Percentage Breakdown of Value Revenues for Services, Hardware and Systems & Software for the Years 2021 & 2027
TABLE 25: Canada Recent Past, Current & Future Analysis for Smart Hospitals by Application - Remote Medicine Management, Electronic Health Record & Clinical Workflow, Medical Assistance, Outpatient Vigilance and Medical Connected Imaging - Independent Analysis of Annual Revenues in US$ Million for the Years 2020 through 2027 and % CAGR
TABLE 26: Canada 7-Year Perspective for Smart Hospitals by Application - Percentage Breakdown of Value Revenues for Remote Medicine Management, Electronic Health Record & Clinical Workflow, Medical Assistance, Outpatient Vigilance and Medical Connected Imaging for the Years 2021 & 2027
JAPAN
Smart Hospitals Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Japan for 2022 (E)
TABLE 27: Japan Recent Past, Current & Future Analysis for Smart Hospitals by Component - Services, Hardware and Systems & Software - Independent Analysis of Annual Revenues in US$ Million for the Years 2020 through 2027 and % CAGR
TABLE 28: Japan 7-Year Perspective for Smart Hospitals by Component - Percentage Breakdown of Value Revenues for Services, Hardware and Systems & Software for the Years 2021 & 2027
TABLE 29: Japan Recent Past, Current & Future Analysis for Smart Hospitals by Application - Remote Medicine Management, Electronic Health Record & Clinical Workflow, Medical Assistance, Outpatient Vigilance and Medical Connected Imaging - Independent Analysis of Annual Revenues in US$ Million for the Years 2020 through 2027 and % CAGR
TABLE 30: Japan 7-Year Perspective for Smart Hospitals by Application - Percentage Breakdown of Value Revenues for Remote Medicine Management, Electronic Health Record & Clinical Workflow, Medical Assistance, Outpatient Vigilance and Medical Connected Imaging for the Years 2021 & 2027
CHINA
Smart Hospitals Market Presence - Strong/Active/Niche/Trivial - Key Competitors in China for 2022 (E)
TABLE 31: China Recent Past, Current & Future Analysis for Smart Hospitals by Component - Services, Hardware and Systems & Software - Independent Analysis of Annual Revenues in US$ Million for the Years 2020 through 2027 and % CAGR
TABLE 32: China 7-Year Perspective for Smart Hospitals by Component - Percentage Breakdown of Value Revenues for Services, Hardware and Systems & Software for the Years 2021 & 2027
TABLE 33: China Recent Past, Current & Future Analysis for Smart Hospitals by Application - Remote Medicine Management, Electronic Health Record & Clinical Workflow, Medical Assistance, Outpatient Vigilance and Medical Connected Imaging - Independent Analysis of Annual Revenues in US$ Million for the Years 2020 through 2027 and % CAGR
TABLE 34: China 7-Year Perspective for Smart Hospitals by Application - Percentage Breakdown of Value Revenues for Remote Medicine Management, Electronic Health Record & Clinical Workflow, Medical Assistance, Outpatient Vigilance and Medical Connected Imaging for the Years 2021 & 2027
EUROPE
Smart Hospitals Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Europe for 2022 (E)
TABLE 35: Europe Recent Past, Current & Future Analysis for Smart Hospitals by Geographic Region - France, Germany, Italy, UK and Rest of Europe Markets - Independent Analysis of Annual Revenues in US$ Million for Years 2020 through 2027 and % CAGR
TABLE 36: Europe 7-Year Perspective for Smart Hospitals by Geographic Region - Percentage Breakdown of Value Revenues for France, Germany, Italy, UK and Rest of Europe Markets for Years 2021 & 2027
TABLE 37: Europe Recent Past, Current & Future Analysis for Smart Hospitals by Component - Services, Hardware and Systems & Software - Independent Analysis of Annual Revenues in US$ Million for the Years 2020 through 2027 and % CAGR
TABLE 38: Europe 7-Year Perspective for Smart Hospitals by Component - Percentage Breakdown of Value Revenues for Services, Hardware and Systems & Software for the Years 2021 & 2027
TABLE 39: Europe Recent Past, Current & Future Analysis for Smart Hospitals by Application - Remote Medicine Management, Electronic Health Record & Clinical Workflow, Medical Assistance, Outpatient Vigilance and Medical Connected Imaging - Independent Analysis of Annual Revenues in US$ Million for the Years 2020 through 2027 and % CAGR
TABLE 40: Europe 7-Year Perspective for Smart Hospitals by Application - Percentage Breakdown of Value Revenues for Remote Medicine Management, Electronic Health Record & Clinical Workflow, Medical Assistance, Outpatient Vigilance and Medical Connected Imaging for the Years 2021 & 2027
FRANCE
Smart Hospitals Market Presence - Strong/Active/Niche/Trivial - Key Competitors in France for 2022 (E)
TABLE 41: France Recent Past, Current & Future Analysis for Smart Hospitals by Component - Services, Hardware and Systems & Software - Independent Analysis of Annual Revenues in US$ Million for the Years 2020 through 2027 and % CAGR
TABLE 42: France 7-Year Perspective for Smart Hospitals by Component - Percentage Breakdown of Value Revenues for Services, Hardware and Systems & Software for the Years 2021 & 2027
TABLE 43: France Recent Past, Current & Future Analysis for Smart Hospitals by Application - Remote Medicine Management, Electronic Health Record & Clinical Workflow, Medical Assistance, Outpatient Vigilance and Medical Connected Imaging - Independent Analysis of Annual Revenues in US$ Million for the Years 2020 through 2027 and % CAGR
TABLE 44: France 7-Year Perspective for Smart Hospitals by Application - Percentage Breakdown of Value Revenues for Remote Medicine Management, Electronic Health Record & Clinical Workflow, Medical Assistance, Outpatient Vigilance and Medical Connected Imaging for the Years 2021 & 2027
GERMANY
Smart Hospitals Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Germany for 2022 (E)
TABLE 45: Germany Recent Past, Current & Future Analysis for Smart Hospitals by Component - Services, Hardware and Systems & Software - Independent Analysis of Annual Revenues in US$ Million for the Years 2020 through 2027 and % CAGR
TABLE 46: Germany 7-Year Perspective for Smart Hospitals by Component - Percentage Breakdown of Value Revenues for Services, Hardware and Systems & Software for the Years 2021 & 2027
TABLE 47: Germany Recent Past, Current & Future Analysis for Smart Hospitals by Application - Remote Medicine Management, Electronic Health Record & Clinical Workflow, Medical Assistance, Outpatient Vigilance and Medical Connected Imaging - Independent Analysis of Annual Revenues in US$ Million for the Years 2020 through 2027 and % CAGR
TABLE 48: Germany 7-Year Perspective for Smart Hospitals by Application - Percentage Breakdown of Value Revenues for Remote Medicine Management, Electronic Health Record & Clinical Workflow, Medical Assistance, Outpatient Vigilance and Medical Connected Imaging for the Years 2021 & 2027
ITALY
TABLE 49: Italy Recent Past, Current & Future Analysis for Smart Hospitals by Component - Services, Hardware and Systems & Software - Independent Analysis of Annual Revenues in US$ Million for the Years 2020 through 2027 and % CAGR
TABLE 50: Italy 7-Year Perspective for Smart Hospitals by Component - Percentage Breakdown of Value Revenues for Services, Hardware and Systems & Software for the Years 2021 & 2027
TABLE 51: Italy Recent Past, Current & Future Analysis for Smart Hospitals by Application - Remote Medicine Management, Electronic Health Record & Clinical Workflow, Medical Assistance, Outpatient Vigilance and Medical Connected Imaging - Independent Analysis of Annual Revenues in US$ Million for the Years 2020 through 2027 and % CAGR
TABLE 52: Italy 7-Year Perspective for Smart Hospitals by Application - Percentage Breakdown of Value Revenues for Remote Medicine Management, Electronic Health Record & Clinical Workflow, Medical Assistance, Outpatient Vigilance and Medical Connected Imaging for the Years 2021 & 2027
UNITED KINGDOM
Smart Hospitals Market Presence - Strong/Active/Niche/Trivial - Key Competitors in the United Kingdom for 2022 (E)
TABLE 53: UK Recent Past, Current & Future Analysis for Smart Hospitals by Component - Services, Hardware and Systems & Software - Independent Analysis of Annual Revenues in US$ Million for the Years 2020 through 2027 and % CAGR
TABLE 54: UK 7-Year Perspective for Smart Hospitals by Component - Percentage Breakdown of Value Revenues for Services, Hardware and Systems & Software for the Years 2021 & 2027
TABLE 55: UK Recent Past, Current & Future Analysis for Smart Hospitals by Application - Remote Medicine Management, Electronic Health Record & Clinical Workflow, Medical Assistance, Outpatient Vigilance and Medical Connected Imaging - Independent Analysis of Annual Revenues in US$ Million for the Years 2020 through 2027 and % CAGR
TABLE 56: UK 7-Year Perspective for Smart Hospitals by Application - Percentage Breakdown of Value Revenues for Remote Medicine Management, Electronic Health Record & Clinical Workflow, Medical Assistance, Outpatient Vigilance and Medical Connected Imaging for the Years 2021 & 2027
REST OF EUROPE
TABLE 57: Rest of Europe Recent Past, Current & Future Analysis for Smart Hospitals by Component - Services, Hardware and Systems & Software - Independent Analysis of Annual Revenues in US$ Million for the Years 2020 through 2027 and % CAGR
TABLE 58: Rest of Europe 7-Year Perspective for Smart Hospitals by Component - Percentage Breakdown of Value Revenues for Services, Hardware and Systems & Software for the Years 2021 & 2027
TABLE 59: Rest of Europe Recent Past, Current & Future Analysis for Smart Hospitals by Application - Remote Medicine Management, Electronic Health Record & Clinical Workflow, Medical Assistance, Outpatient Vigilance and Medical Connected Imaging - Independent Analysis of Annual Revenues in US$ Million for the Years 2020 through 2027 and % CAGR
TABLE 60: Rest of Europe 7-Year Perspective for Smart Hospitals by Application - Percentage Breakdown of Value Revenues for Remote Medicine Management, Electronic Health Record & Clinical Workflow, Medical Assistance, Outpatient Vigilance and Medical Connected Imaging for the Years 2021 & 2027
ASIA-PACIFIC
Smart Hospitals Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Asia-Pacific for 2022 (E)
TABLE 61: Asia-Pacific Recent Past, Current & Future Analysis for Smart Hospitals by Component - Services, Hardware and Systems & Software - Independent Analysis of Annual Revenues in US$ Million for the Years 2020 through 2027 and % CAGR
TABLE 62: Asia-Pacific 7-Year Perspective for Smart Hospitals by Component - Percentage Breakdown of Value Revenues for Services, Hardware and Systems & Software for the Years 2021 & 2027
TABLE 63: Asia-Pacific Recent Past, Current & Future Analysis for Smart Hospitals by Application - Remote Medicine Management, Electronic Health Record & Clinical Workflow, Medical Assistance, Outpatient Vigilance and Medical Connected Imaging - Independent Analysis of Annual Revenues in US$ Million for the Years 2020 through 2027 and % CAGR
TABLE 64: Asia-Pacific 7-Year Perspective for Smart Hospitals by Application - Percentage Breakdown of Value Revenues for Remote Medicine Management, Electronic Health Record & Clinical Workflow, Medical Assistance, Outpatient Vigilance and Medical Connected Imaging for the Years 2021 & 2027
REST OF WORLD
TABLE 65: Rest of World Recent Past, Current & Future Analysis for Smart Hospitals by Component - Services, Hardware and Systems & Software - Independent Analysis of Annual Revenues in US$ Million for the Years 2020 through 2027 and % CAGR
TABLE 66: Rest of World 7-Year Perspective for Smart Hospitals by Component - Percentage Breakdown of Value Revenues for Services, Hardware and Systems & Software for the Years 2021 & 2027
TABLE 67: Rest of World Recent Past, Current & Future Analysis for Smart Hospitals by Application - Remote Medicine Management, Electronic Health Record & Clinical Workflow, Medical Assistance, Outpatient Vigilance and Medical Connected Imaging - Independent Analysis of Annual Revenues in US$ Million for the Years 2020 through 2027 and % CAGR
TABLE 68: Rest of World 7-Year Perspective for Smart Hospitals by Application - Percentage Breakdown of Value Revenues for Remote Medicine Management, Electronic Health Record & Clinical Workflow, Medical Assistance, Outpatient Vigilance and Medical Connected Imaging for the Years 2021 & 2027
IV. COMPETITION
Total Companies Profiled: 46

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