The Global Smart Hospital Market is expected to grow with a CAGR of 20.6% in the forecast period of 2023 to 2030. The years considered for the study are as mentioned below:
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The global smart hospital market is a highly consolidated market, which includes a specific number of key players. The market has witnessed increased strategic developments owing to favourable market scenarios.
The major players dealing in the global smart hospital market are introducing a strong range of product providers along with launching new services and adopting strategic initiatives such as acquisition, agreement, business expansion, and awards & recognitions into the market. This helped the companies to maximize sales with an enhanced service portfolio.
For instance,
- In September 2022, General Electric Company collaborated with seven startups named Alertive (UK), xWave (UK), Idoven (Spain), Nurea (France), Metalynx (UK), Clinithink (UK), and KOSA AI (Netherlands) to accelerate and drive the digital healthcare transformation in partnership with innovation organization named Wayra UK. This collaboration would help GE Healthcare increase its audience reach and transform the digital healthcare system.
- In October 2021, Allscripts Healthcare LLC. launched guided scheduling leveraging artificial intelligence, which uses the real-time provider, practice, and industry data to optimize the provider's days to improve patient care and to increase the healthcare operational efficiencies.
Qualcomm Technologies, Inc. is the dominating player in the market. The other key players existing in the market include F. Hoffman-La Roche Ltd, Qualcomm Technologies, Inc., General Electric Company, Koninklijke Philips N.V., McKesson Corporation, Siemens, Intel Corporation, Microsoft, Honeywell International, Medtronic, DXC Technology Company, SAMSUNG ELECTRONICS AMERICA, Oracle, Apple, Inc., CitiusTech Inc, Allscripts Healthcare, LLC, AirStrip Technologies, Inc., AVISA Smart Hospital, Itransition, Terso Solutions, Inc., Cloudphysician Healthcare Pvt. Ltd., physiQ, ThoughtWire, AdhereTech, Diabetizer GmbH, Itrex Group, and Qdocs among others.
Qualcomm Technologies, Inc.
Qualcomm Technologies, Inc. was founded in year 1985 and is headquartered in California, U.S. The company is focused on developing applications of artificial intelligence that offer a full range of purpose-built, pre-packaged software, hardware, and tools that helps in inventions. The product categories include QCS6490 Chipset, SDA660 SoC, SDA845 SoC, QCS410 SoC, QCS610 SoC, Snapdragon XR2 5G Platform, 9205 LTE Modem, QCS605 SoC, Environmental Sensor Board, CSR101x Starter Development Kit, 9207 LTE Modem, CSR1020 Chipset, and CSR1010 Chipset. The market-focused categories include QCS6490 Chipset, SDA660 SoC, SDA845 SoC, QCS410 SoC, QCS610 SoC, Snapdragon XR2 5G Platform, 9205 LTE Modem, QCS605 SoC, Environmental Sensor Board, CSR101x Starter Development Kit, 9207 LTE Modem, CSR1020 Chipset, and CSR1010 Chipset.
Recent Development
- In November 2022, Qualcomm Technologies, Inc. announced the Qualcomm Innovators Development Kit, which enables developers to work with various Qualcomm Technologies software solutions to minimize time to market and increase customization. This Qualcomm Innovators development kit is initially available to select universities and research institutes for on-device machine learning applications and will expand in the future to other developer segments such as security, multimedia, embedded computing, and more.
The company has a wide global presence in North America, Europe, Asia-Pacific, and South America. The company has various subsidiaries that include Qualcomm Technologies, Inc. (Delaware), Qualcomm Global Trading Pte. Ltd. (Singapore), Qualcomm CDMA Technologies Asia-Pacific Pte. Ltd. (Singapore), Qualcomm Asia Pacific Pte. Ltd. (Singapore), and Qualcomm Technologies International, Ltd. (U.K.) among others.
General Electric Company
General Electric Company was founded in the year 1889 and is headquartered in Massachusetts, U.S. This company is focused on developing and providing medical technology, pharmaceutical diagnostics, and digital solutions to make healthcare systems faster and providing more information along with some application software for the same. The business segment includes healthcare, aviation, renewable energy, and power, whereas the market-focused segment is healthcare. The product categories include equipment, pharmaceutical imaging agents, healthcare IT, services, accessories, and product security portal. The market-focused categories include healthcare IT and services.
Recent Development
- In September 2022, General Electric Company collaborated with seven startups named Alertive (UK), xWave (UK), Idoven (Spain), Nurea (France), Metalynx (UK), Clinithink (UK), and KOSA AI (Netherlands) to accelerate and drive the digital healthcare transformation in partnership with innovation organization named Wayra UK. This collaboration would help GE Healthcare increase its audience reach and transform the digital healthcare system.
The company has a wide global presence in North America, South America, Europe, Asia-Pacific, and Middle East and Africa. The company has various subsidiaries such as GE Healthcare AS, GE Healthcare Bio-Sciences AB, GE Healthcare BUBA, GE Healthcare Ltd., and GE Healthcare Norge AS among others.
Koninklijke Philips N.V.
Koninklijke Philips N.V. was founded in the year 1891 and is headquartered in Amsterdam, Netherlands. The company is focused on improving people’s health and well-being through meaningful innovation. The business segment includes diagnosis & treatment businesses, connected care businesses, personal health businesses, and others, whereas the market-focused segment is diagnosis & treatment businesses. The product categories include advance molecular nuclear imaging, computed tomography, customer services solutions, diagnostic ECG, diagnostic informatics, emergency care & resuscitation, fluoroscopy, hospital respiratory care, image-guided therapy, MRI systems & solutions, pathology, patient monitoring solutions, radiation oncology, radiography/X-ray & fluoroscopy solutions, refurbished system, service part, sleep and respiratory care, supplies, ultrasound, value products, and ventilation. The market-focused category is patient care monitoring.
Recent Development
- In October 2021, Koninklijke Philips N.V. announced that the Philips Capsule Medical Device Information Platform (MDIP) had exceeded the milestone of integrating with more than 1,000 unique medical device models. Philips Capsule MDIP, which would be integrated into the Philips HealthSuite Platform, is now installed in more than 3,000 healthcare facilities globally. This resulted in improving collaboration between care teams, streamlining clinical workflows, and increasing productivity that helped to increase the company's revenue in the market.
The company has a wide global presence in North America, South America, Europe, Asia-Pacific, and Middle East and Africa. The company has subsidiaries such as Philips Argentina Sociedad Anónima (Argentina), Philips Domestic Appliances Australia Pty Ltd (Australia), Philips Vietnam Limited (Vietnam), and Philips Uruguay S.A. (Uruguay) among others.
