Modernization of Health Care Centers Followed by Increase in Safety to Drive the Smart Hospital Market in Asia Pacific Region : Ken Research

According to study, “Asia-Pacific Smart Hospital Market (2018-2023)” some of the major companies that are currently working in the Asia-Pacific smart hospital market are Medtronics, GE Healthcare, Stanley Healthcare, Microsoft Corp., Adhere Tech, Cerner Corporation, Siemens, Athenahealth, Qualcomm, AdhereTech, Philips.

A smart hospital is a hospital that depends on enhanced and computerized processes which are built upon use of an ICT environment of consistent assets. These assets are mainly based on Internet of things (IoT), to develop patient concern procedures and setting up new capabilities. It is also classified as intelligent hospitals. Smart hospitals have different layers of operations smart insight layer, data layer and access layer. It relies on big data revolution, which combines connected devices with artificial intelligence, cloud computing and big data analytics for ensuring the smart infrastructure. It has main focuson patient centricity, operational efficiency and clinical excellence. They provide health, security & patient safety, environmental responsibility, intelligent hospital infrastructure, staff & business efficiency and patient satisfaction and many others. It implements up to date security measures and performs penetration auditing & testing. It supports multi-stakeholder communication platforms or ISACs.

Some of the essential features are attention to the personal data, enhanced efficiency, expansion of the patient’s capabilities, quality improvement and improving relationship between medical organization & patient etc.

On the basis of product, the smart hospital market is segmented into mHealth, electronic health record, smart pills and telemedicine etc. On the basis of technologies, the market is segmented into cloud computing, wearable technologies, internet of things (IOT), radio frequencies identifications, artificial intelligence and zigbee technologies etc. In addition, on the basis of application, the market is segmented into electronic health record & clinical workflow, remote medicine management, medical assistance, medical connected imaging and outpatient vigilance etc.

Some of the major assets of smart hospitals include networked medical devices, mobile client devices, networking equipment, interconnected clinical information systems, identification systems, data, buildings and remote care systems etc. Networked medical devices include implantable devices, mobile devices, supportive devices, wearable devices and stationary devices etc. Interconnected clinical information systems include blood bank system, picture archiving & communication system, hospital information system and research information systems. In addition, electronic medical records, research & patient data are some major types of the data assets.

The major drivers of the smart hospitals are increase in the number of start-up companies followed byrise in number of hospitals and surgical centers, increasing prevalence of chronic diseases, surge in mergers & acquisitions in the health care sector, modernization of health care infrastructure and government regulation & policies escalated and led to the expansion of the market. Apart from drivers some of the major threats causing hindrance are human errors, malicious actions, natural phenomena and system & third-party failures etc.

Asia-Pacific is the largest region for smart hospitals in world. In India and China, tele-consultation holds the largest market value due to less numbers of doctors and huge population. It is expected that Asia-Pacific smart hospital market will be grown at US$ 14.5 billion, at a CAGR of 28.4%, by 2023. In the near future, market is expected to increase due to large scale implementation and development of smart hospitals and mutual working of private & government organizations.

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Ken Research
Ankur Gupta, Head Marketing & Communications

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