United States Smart Hospitals Market to Grow with a CAGR of 17.04% through 2028
Increased investment in
E-Health and integration of IoT devices within healthcare systems is expected
to drive the United States Smart Hospitals Market growth in the forecast
period, 2024-2028.
According to
TechSci Research report, “United States Smart Hospitals Market –Industry
Size, Share, Trends, Competition Forecast & Opportunities, 2018-2028F”,
the United States Smart Hospitals Market stood at USD 3.45 Billion in 2022 and is
anticipated to project steady growth in the forecast period with a CAGR of 17.04%
through 2028. The United States Smart Hospitals market is being driven by
several key factors. Technological advancements, such as the integration of
Artificial Intelligence (AI) and Internet of Things (IoT) in healthcare, are
leading the way, enabling automation and improving patient care.
The rising
prevalence of chronic diseases necessitates efficient healthcare systems, thus
propelling the market growth. Further, favorable government initiatives
supporting digitalization in healthcare and an increase in healthcare
expenditure are also contributing to the market expansion.
The United
States Smart Hospitals Market refers to the sector that encompasses the
integration of advanced technology in healthcare facilities across America.
These smart hospitals leverage the Internet of Things (IoT), artificial
intelligence (AI), cloud computing, and big data to improve patient care and
optimize overall hospital operations. By seamlessly connecting medical devices,
patient records, and healthcare professionals, smart hospitals enable efficient
and personalized healthcare delivery. In the realm of remote patient
monitoring, smart hospitals utilize cutting-edge sensors and wearable devices
to continuously track vital signs and health parameters. This real-time data is
securely transmitted to healthcare providers, allowing for timely interventions
and proactive care management. Moreover, automated home care solutions empower
patients to monitor their health conditions from the comfort of their homes,
reducing the need for frequent hospital visits and enhancing patient
independence.
Electronic
medical records play a pivotal role in smart hospitals, streamlining the
storage, retrieval, and exchange of patient health information. With digitized
records, healthcare professionals can access comprehensive patient histories,
enabling quicker and more accurate diagnoses. Additionally, medical connected
imaging technologies, such as telemedicine and picture archiving and
communication systems (PACS), facilitate the seamless sharing of medical images
for remote consultations and collaborative decision-making. The growth of the
United States Smart Hospitals Market is driven by various factors. The
increasing adoption of connected devices and wearables enables continuous
health monitoring and empowers individuals to take an active role in their own
well-being. Furthermore, rising investments in healthcare IT infrastructure,
including advanced networking and data storage solutions, support the seamless
integration of smart technologies into existing healthcare systems. Lastly, the
growing need for cost-effective healthcare delivery systems, coupled with the
potential of smart hospitals to improve operational efficiency and reduce
healthcare costs, fuels the demand for these innovative solutions.
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The United
States Smart Hospitals Market represents a transformative approach to
healthcare delivery. By harnessing advanced technologies and data-driven
insights, smart hospitals have the potential to revolutionize patient care,
enhance clinical outcomes, and create a more connected and efficient healthcare
ecosystem. With continuous advancements in technology and the increasing
emphasis on personalized and proactive healthcare, smart hospitals are poised
to shape the future of the healthcare industry, providing improved patient experiences
and better healthcare outcomes. The integration of smart technologies, such as
blockchain for enhanced security and interoperability, virtual reality for
immersive healthcare experiences, and robotics for efficient and precise
surgeries, further expands the possibilities and impact of smart hospitals. The
continuous evolution and adoption of these innovative solutions will drive the
United States Smart Hospitals Market towards a future of advanced,
patient-centric healthcare delivery that is both efficient and sustainable.
The United
States Smart Hospitals Market is segmented into component, technology,
connectivity, application, services offered, regional distribution, and company.
Based on application, Electronic
Health Records (EHR) are projected to dominate the United States Smart
Hospitals Market among various applications. EHRs have increasingly become a
crucial part of healthcare institutions as they allow swift access to
comprehensive patient records, leading to improved quality of care through
better decision-making and coordination, as well as optimized operational
efficiency. The demand for EHRs is further bolstered by the pressing need for
remote access to patient information amidst the ongoing global pandemic. This
has become particularly important as healthcare providers strive to ensure
continuity of care while minimizing in-person interactions. By leveraging EHRs,
healthcare professionals can remotely monitor and manage patient health
conditions, track medication adherence, and facilitate virtual consultations,
ensuring that patients receive timely and personalized care from the comfort of
their own homes.
However, Remote
Medicine Management and Medical Connected Imaging, are also expected to witness
significant growth in the United States Smart Hospitals Market. These
innovative technologies enable healthcare providers to remotely monitor
patients' health conditions, manage chronic diseases, and perform diagnostic
imaging procedures without the need for physical presence. These advancements
not only enhance patient convenience but also contribute to more efficient
healthcare delivery, especially in remote or underserved areas where access to
specialized care may be limited. As the healthcare landscape continues to
evolve, the adoption of these innovative applications will shape the future of
smart hospitals, revolutionizing the way healthcare is provided and
experienced. With their ability to seamlessly integrate technology into
healthcare workflows, these applications have the potential to optimize
resource utilization, improve patient outcomes, and ultimately transform the
healthcare industry as a whole.
Based on region,
the Western region of the United States is at the forefront of the Smart
Hospitals Market for various compelling reasons. Firstly, the region is home to
a significant concentration of renowned healthcare institutions that are
actively harnessing advanced technologies to deliver exceptional patient care.
These institutions have embraced state-of-the-art medical devices, electronic
health records systems, and telemedicine platforms, among other cutting-edge
innovations. Furthermore, the Western region benefits from a favorable
regulatory environment that encourages the adoption of healthcare technology
and promotes the development of Smart Hospitals. This supportive framework
enables healthcare providers to implement innovative solutions seamlessly,
enhancing efficiency and improving patient outcomes.
In addition to
the conducive regulatory landscape, the Western region has made substantial
investments in healthcare technology infrastructure. This commitment to
building robust and interconnected systems enables seamless data exchange,
facilitates real-time monitoring, and empowers healthcare professionals with
actionable insights for precise diagnoses and personalized treatment plans. Moreover,
the Western region has earned a reputation for its enthusiasm in embracing new
technologies. The region's residents and healthcare professionals have a
propensity for early adoption, eagerly exploring and implementing innovative
solutions that redefine the future of healthcare. This openness to change and
willingness to embrace novel approaches further accelerates the growth of the
Smart Hospitals market in the Western region. The presence of several leading technology companies in
the Western region contributes significantly to the advancement of Smart
Hospitals. These companies, actively engaged in the development of artificial
intelligence, Internet of Things (IoT), and other digital solutions for
healthcare, actively collaborate with healthcare providers to create and
implement cutting-edge technologies. This collaboration fosters the continuous
evolution of Smart Hospitals, ensuring that patients receive the highest
quality of care through seamless integration of technology into healthcare
practices.
Major companies
operating in the United States Smart Hospitals Market are:
- GE Healthcare
- Honeywell International Inc.
- Stanley Healthcare USA
- Medtronic PLC
- SAP America, Inc.
- Microsoft Corporation
- Allscripts Healthcare Solutions Inc.
- Cerner Corporation
- McKesson Corporation
- Schneider Electric Healthcare
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“The future of
the United States Smart Hospitals Market is not only promising but also poised
for significant growth in the coming years. With the accelerating integration
of advanced technologies like Artificial Intelligence (AI), Internet of Things
(IoT), and big data analytics, smart hospitals are set to revolutionize patient
care by delivering more effective and efficient healthcare services. The
ongoing trend towards digitization in the healthcare industry, coupled with the
growing health awareness among individuals, has created a strong demand for
innovative and cost-effective solutions. As healthcare costs continue to rise,
smart hospitals provide a much-needed solution by offering efficient and
value-based care to patients. The United States Smart Hospitals Market is on a trajectory
of growth and transformation. The fusion of advanced technologies, increasing
health awareness, and the need for cost-effective healthcare solutions, will
continue to drive the expansion and evolution of smart hospitals, ultimately
benefiting both patients and healthcare providers alike.,” said Mr. Karan
Chechi, Research Director with TechSci Research, a research-based management
consulting firm.
“United
States Smart Hospitals Market
By Component (Hardware, Software
System, Services) By Technology (Cloud Computing, Artificial Intelligence,
Wearable Technologies, Others) By Connectivity (Wired, Wireless) By Application
(Remote Medicine Management, Medical Connected Imaging, Medical Assistance,
Electronic Health Record, Others) By Services Offered (General Services,
Specialty, Super Specialty), By
Region, Competition, Forecast and& Opportunities, 2018-2028F”, has evaluated
the future growth potential of United States Smart Hospitals Market and
provides statistics & information on market size, structure and future
market growth. The report intends to provide cutting-edge market intelligence
and help decision-makers take sound investment decisions. Besides, the report
also identifies and analyzes the emerging trends along with essential drivers,
challenges, and opportunities in United States Smart Hospitals Market.
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