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Ankita Roy, Treesha Banerjee and Liza D’souza from Global Market Estimates throw the spotlight on
the growing Smart Healthcare Market
Market Analysis
The development of smart healthcare is due to the rising occurrence of chronic diseases, increasing
need for advanced patient care, and efficient &precise solutions. Moreover, smart hospital offers
advantages such as reduced cost, improved treatment results, upgraded patient experience,
lessened errors, and improved disease management is likely to foster growth of the market.
Governments’ initiatives undertaken in the healthcare sector such as implementation of IT solutions,
infrastructure improvement, and increase in the number of skilled IT experts are some of the factors
that encourage the adoption of healthcare IT solutions in emerging countries.
Component Insights:
The smart healthcare market includes hardware, systems & software, and services. The market for
systems &software is projected to witness the highest growth over the coming years.
North
America
Europe Asia Pacific Middle East
& Africa
Centra &
South
America
USDMillion
Regional Analysis (2016 vs 2025)
2016 2025

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Healthcare IT systems &instruments are fairly costly solutions and so is their maintenance &
software update. Support &maintenance administrations, which involve software updates according
to users’ demand, represent a repeated expenditure accounting for 30% of the total cost of
ownership.
In addition, the absence of internal IT expertise in the healthcare market makes it important for end-
users to receive proper training to ensure smooth functioning of systems& procedures. High cost of
such connected systems, rising interoperability risk, and absence of governance standards are the
major factors limiting industry growth.
Services Offered Insights:
Amongst all the services offered, the demand for super specialty hospitals is anticipated to grow at
the highest CAGR over the coming years. Super specialty hospitals provide specialized care &
treatment to patients suffering from illness. The main reason behind the high growth of this
segment is the necessity for patients’ wellbeing, quality of medication, and increased insurance
ceiling on family members of insured persons for super-speciality treatment at certain hospitals.
Connectivity Insights:
Connectivity of healthcare systems through the Internet of Things (IoT) places importance on the
patients’ needs. Pervasive healthcare services are highly multifaceted, with numerous applications
concentrating on interoperability with the existing hospital resources, security & protection of
sensitive information, and convenience to end users.
Super specialty hospitals render proficient operations for saving lives of patients with the help of
diagnostics, therapeutic procedures, and skilled staff. Moreover, the preciseness of these devices
&instruments is very high due to the fact that an error might put a patient’s life in danger.
Artificial Intelligence Insights:
On the basis of artificial intelligence the market is divided into offerings and technology. Offerings
include hardware, software, and other services. The outpatient vigilance technology enables
healthcare facilities to adequately monitor every patient without the use of multiple connecting
cables, leads, and sensors.

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Application Insights:
The growth of smart hospitals is attributed to the increasing application in delivering accurate and
fast results. The outpatient vigilance application is likely to grow at the highest CAGR over the next
few years. Operating room and ICU instruments such as blood pressure cuffs and intravenous pumps
can be interconnected for programmed error detection by through IoT. These devices provide
advanced care to patients in hospitals.
Regional Insights:
North America accounts for the major share of the smart hospital market. The Asia Pacific region is
anticipated to grow at the highest CAGR on account of the increasing number of hospitals, clinics,
and surgical centres in this region.
Advancement in healthcare infrastructure, increasing number of start-up companies, and mergers &
acquisitions in the healthcare domain has contributed to growth of this industry in China, Japan,
India, and South Korea.
End Use Landscape:
The end-use landscape entails a list of current and prospective consumers prevailing across the
regions. This section provides company addresses, contact details, products, and regional presence
of companies who are purchasing or are likely to use smart hospital services. Few of the major
consumers of this market are Cleveland Clinic, Karolinska University Hospital, and North York
General Hospital.

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Competitor Analysis
The major players of the smart hospital market includes Philips (The Netherlands), Siemens AG
(Germany), Medtronic (Ireland), Qualcomm Life (U.S.), Allengers (India), AdhereTech (U.S.), Cerner
Corporation (U.S.), GE Healthcare (U.S.), McKesson (U.S.), St. Jude Medical (U.S.), Samsung (South
Korea), Athenahealth (U.S.), Renesas Electronics Corporation (Japan), and Honeywell Life Care
Solutions (U.S.).
Some of the solution providers are SAP (Germany), Microsoft (US), Allscripts (U.S.), CitiusTech Inc.
(U.S.), Infor (U.S.), Athenahealth (U.S.), PhysIQ (US), Diabetizer (Germany), AdhereTech (U.S.), Epic
(U.S.), Stanley Healthcare (U.S.), and Oracle (U.S.).
In February 2011, Andover, announced its new contribution to Stryker's new wireless smart bed to
connect patient data from Stryker smart beds directly into hospitals Electronic Medical Records
(EMR).
Market Share Analysis (2017)
Company A Company B Company C Company D Others

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The report segments the Smart Healthcare Market on the basis of:
By Component:
 Hardware
 Services
 Systems & Software
By Services Offered:
 General
 Specialty
 Super Specialty
By Connectivity:
 Wired
 Wireless
By Artificial Intelligence:
 Offering
 Technology
By Application:
 Remote Medicine Management
 Electronic Health Record & Clinical Workflow
 Outpatient Vigilance
 Medical Connected Imaging
 Medical Assistance

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By Region:
 North America
 Europe
 Asia Pacific
 Central & South America
 Middle East & Africa
* This article contains text from the ‘Smart Healthcare Market – Forecast to 2025’ report prepared by
Global Market Estimates. For more information or to buy the report, please visit:
https://www.globalmarketestimates.com/smart-healthcare-market-analysis-forecasts-2025/