Smart Hospital Market Global Forecast by Artificial Intelligence & Companies | Renub Research

ROSWELL, Ga. - Oct. 13, 2020 - PRLog -- A smart hospital signifies the hardware system which runs through software and provides services to the healthcare professional. Medical Devices are connected with a wired or wireless network for transferring the data in the central monitoring devices. Smart hospitals make comprehensive use of creative technologies to enhance care quality and patient experience while reducing costs. Globally government initiatives to digitize healthcare has transformed the healthcare industry, and it is likely to push the demand for smart healthcare systems. Mobile Health application has grown exponentially in the last few years, primarily because of the growing usage of smartphones. According to Renub Research analysis, it is assumed that by 2026 the Smart Hospital Market will be US$ 79.57 Billion.

The growing cost of healthcare has been a significant concern in most countries. However, the paradigm of disease treatment has changed to health management. There are many trends which drive the smart hospital market; the rise of informed patients, Smart hospitals has a high degree of automation, and smart healthcare system is decentralized and patient-centric. Government endeavours to digitize healthcare are likely to drive the need for smart healthcare systems worldwide.

The United States and Europe market depends on the innovation of technology which suggests that the hospital adopts the technology as early as possible. For the past decade, the United States has spent more than 17% of its GDP on healthcare each year. In Asian countries like China, the regulatory authority has set the standards for smart hospitals development. China spends about six 6% of its GDP on healthcare; costs have been rising year over year. In Japan, the new hospitals have been designed based on artificial intelligence and the internet of things as it is predicted that in future, there will be a shortage of physicians in the next five years.

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