Integration of healthcare IT, asset and inventory management tools such as RFID technology, video patient monitoring and implementation of EHR in healthcare establishments is expected to boost smart healthcare market over the forecast period. For More Information Visit - http://www.grandviewresearch.com/industry-analysis/smart-healthcare-market

1. Smart Healthcare Market Analysis, Market Size,
Application Analysis, Regional Outlook, Competitive
Strategies and Forecasts, 2014 To 2020
Integration of healthcare IT, asset and inventory management tools such as RFID
technology, video patient monitoring and implementation of EHR in healthcare
establishments is expected to boost smart healthcare market over the forecast
period. Furthermore, development of smart pills, smart bandages and smart
syringes is further expected to drive market growth. Expanding IT infrastructure
and incorporation of web platforms to existing systems and applications is
expected to positively reinforce smart healthcare market over the forecast period.
For More Information on "Smart Healthcare Market Research Reports" visit
- http://www.grandviewresearch.com/industry-analysis/smart-healthcare-
market

2. Cisco and IBM are two companies working in synergies to offer novel solutions to
healthcare establishments. It has been estimated that with the incorporation of the
solutions offered by aforementioned companies pharmaceutical manufacturer can
save up to 20% of cost incurred due to business travelling. Key products analyzed
in the study include smart bandages, smart syringes, smart pills, RFID tags and
video solutions. RFID smart tags are expected to exhibit lucrative growth
opportunities over the forecast period owing to its wide application areas such as
patient monitoring, asset tracking, and inventory management. With the integration
of RFID solution it has been estimated that a University Hospital in Lund, Sweden
has attained 100% productivity gains from clinical staff and 21% productivity
gains from supply staff.

3. Subsequently, the hospital achieved 33% inventory reduction and 90% shrinkage
reduction. Furthermore, smart bandages and smart pills are expected to grow at a
lucrative rate over the forecast period of six years.
North America was the major regional market in 2013, the market growth can be
attributed to developed healthcare and IT infrastructure coupled with increasing
healthcare expenditure by regional governments. Asia is expected to witness
significant growth over the next six years due to favorable government initiatives
such as MAKE IN INDIA and developing healthcare IT networks. Governments of
China and India are extensively increasing public healthcare expenditure. Factors
such as these are expected to be instrumental in Asia Pacific market growth.

4. The global market is characterized by innovation in healthcare operations. Major
companies operating in the global smart healthcare market include Cisco, IBM,
MediSafe, Blueprint Health, Partners HealthCare and Ginger.io.
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