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Smart Hospital Market Trends

  • Report ID: GMI10480
  • Published Date: Jul 2024
  • Report Format: PDF

Smart Hospital Market Trends

Technological advancements are a pivotal driver for the market, revolutionizing healthcare delivery and enhancing the overall efficiency and effectiveness of medical services.
 

  • One of the key technological advancements in smart hospitals is the integration of advanced patient monitoring systems. These systems use sensors, wearable devices, and IoT in healthcare technology to continuously monitor patients' vital signs and health metrics in real time.
     
  • This allows for early detection of potential health issues, enabling timely interventions and personalized care plans. The ability to monitor patients remotely also supports the growing trend of telehealth, providing high-quality care to patients in the comfort of their homes.
     
  • Additionally, robotics and automation are playing a crucial role in the market. Robot surgery systems, such as da Vinci Surgical Systems, offer precision, minimally invasive procedures, leading to faster recovery times and reduced hospital stays.
     
  • Automated systems for medication dispensing, laboratory testing, and patient transport improve efficiency, reduce errors, and free up healthcare professionals to focus on patient care. These advancements contribute to better patient outcomes and increase operational efficiency, thereby fueling the sectors growth.
     
Authors: Mariam Faizullabhoy, Gauri Wani

Frequently Asked Questions (FAQ) :

The smart hospital market was valued at USD 42.8 billion in 2023 and is anticipated to witness 19.6% CAGR over 2024-2032, driven by the increasing adoption of EHR and telehealth.

The electronic health records segment of the market is anticipated to grow at 19.4% CAGR during 2024-2032, due to pivotal role in centralizing patient data management.

North America smart hospital market size was valued at USD 19.9 billion in 2023 and is predicted to grow at 18.9% CAGR through 2032, driven by the advanced healthcare infrastructure.

Becton, Dickinson and Company, Bosch Healthcare Solutions GmbH, Fujifilm Holdings Corporation, GE Healthcare, Honeywell Life Sciences, Intuitive Surgical, Medtronic plc, and Oracle among others.

Smart Hospital Market Scope

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Premium Report Details

  • Base Year: 2023
  • Companies covered: 15
  • Tables & Figures: 184
  • Countries covered: 23
  • Pages: 110
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