Global smart hospitals market to exhibit CAGR of 20.7%

Global smart hospitals market growing demand and growth opportunity 2023-2030: The global smart hospitals market is estimated to be valued at US$ 28,200.1 Mn in 2022 and is expected to exhibit a CAGR of 20.7% over the forecast period (2023-2030).

The smart hospitals Market’s growth prospects from 2023 to 2030 are highlighted in the most recent study from Coherent Market Insights. Research on the size, share, business analysis, growth factors, and regional forecast of the industry in-depth. The investigation, amalgamation, market size, overview, and review of data from numerous sources used in the smart hospitals Market study present a purposeful picture of the region. The Smart Hospitals Market study contains data on market elements including market dynamics, drivers, restraints, challenges, and threats as well as potential growth opportunities, market trends, development patterns, financial data, latest technologies, innovations, top competitors, and regional market analysis.

The report’s verified data is based on substantial primary and secondary research findings. The study aims to provide actionable insights and an outlook on global/regional market growth estimates based on historical growth analysis and the current situation of the smart hospitals Market. The study examines market data tables and takes into account the revenue from the sales of this study and technologies by numerous application segments. While conducting a market analysis, a number of market aspects, including macroeconomic conditions, the market environment, governmental policies, and the competitive landscape, are carefully examined and taken into account.

The list of key players profiled in the study includes:- Medtronic Plc., Koninklijke Philips N.V., GE Healthcare, Stanley Healthcare, Siemens AG, Athenahealth, Allscripts Healthcare Solutions, Inc., Microsoft Corporation, SAP SE, Samsung Healthcare, and Honeywell International Inc.

The smart hospitals market is expected to grow significantly over the forecast period between 2023 and 2030. In 2023, the smart hospitals market will grow steadily, and with the increasing adoption of strategies by the major players; the research study is expected to rise above the forecast horizon. The competitive analysis focuses on key players and the innovations and business strategies undertaken by them. The report captures the best long-term growth opportunities for the industry and includes the latest process and product developments.

Market dynamics and restraints :
Key players are entering long term collaborations and agreements with healthcare providers in order to provide better and advanced healthcare services and facilities. This is expected to propel the growth of the global smart hospitals market during the forecast period. For instance, in 2017, Humber River Hospital started a Hospital Command Centre with GE Healthcare to monitor and manage the flow of patients at every stage of their care and treatment. Hence, such long term partnerships are encouraging technological advancement in healthcare sector which in turn is making the hospitals smarter and driving the market growth.

Rising launch of new applications and products is the major factor driving the market growth over the forecast period. For instance, in March 2021, Navia Life Care, a healthcare company, announced the launch of Navia Smart EMR 2.0, an integrated platform that allows doctors to create digital prescriptions and provides easier conversation with patients on online platform. Coherent Market Insights