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Pulished Date October, 2021
ID: 12266
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APAC Smart Hospitals Market Research Report – Segmented By Component, Technology, Application, Connectivity and Country (India, China, Japan, South Korea, Australia, New Zealand, Thailand, Malaysia, Vietnam, Philippines, Indonesia, Singapore and Rest of APAC) – Industry Analysis on Size, Share, Trends, COVID-19 Impact & Growth Forecast (2021 to 2026)

Pulished: October, 2021
ID: 12266
Pages: 100

APAC Smart Hospitals Market Size (2021 to 2026)

The size of the APAC smart hospitals market is forecasted to grow USD 39.37 billion by 2026 from USD 12.28 billion in 2021, growing at a CAGR of 26.25% during the forecast period.

The smart hospitals market in the APAC region is majorly fuelled by technological advancements such as digitization, the Internet of Things (IoT), and artificial intelligence (AI). Furthermore, increased COVID-19 cases, organizational testing, and government financing boost the smart hospital market. In addition, reduced treatment costs are another essential aspect aiding the market growth forward. 

Y-O-Y growth in the hospital visits, increased adoption of automated treatments, and benefits associated with wireless connectivity, such as remote and continuous monitoring of patients with chronic diseases, are also estimated to favor the APAC smart hospitals market to grow further. In addition, medical devices used in operating rooms and intensive care units (ICUs), such as blood pressure cuffs, ventilators, and intravenous pumps, can be interconnected for automatic error detection by incorporating IoT into them, allowing these devices to help provide better care to patients in hospitals, fuelling the market's growth.

Hospitals are adopting smart technologies to provide better treatment to home patients as the demand for remote medical care grows. Cleaning, testing, performing surgeries, and other uses of healthcare-related hardware sectors drive their share of the smart hospitals market in this region.

Cyber-attacks on smart hospitals, a shortage of IoT solutions in hospitals, and a lack of governance norms are a few of the significant constraints to the market's growth rate. In addition, increase in the risk of interoperability, the rising cost of connected devices, and a lack of awareness regarding IoT-enabled solutions and products. Furthermore, lack of internal IT expertise in the healthcare industry necessitates training for end-users to maximize the efficiency of various healthcare IT solutions, which is further expected to hamper APAC smart hospitals market growth.

This research report on the APAC smart hospitals market has been segmented and sub-segmented into the following categories:

By Component:

  • Software
  • Hardware
  • Services

By Application:

  • Remote Medicine Management
  • Medical Connected Imaging
  • Medical Assistance
  • Electronic Health Record & Clinical Workflow
  • Outpatient Vigilance

By Technology:

  • Cloud Computing
  • Artificial Intelligence
  • Wearable Technologies
  • Radio Frequencies Identification

By Connectivity:

  • Wired
  • Wireless

By Country:

  • India
  • China
  • Japan
  • South Korea
  • Australia
  • New Zealand
  • Thailand
  • Malaysia
  • Vietnam
  • Philippines
  • Indonesia
  • Singapore
  • Rest of APAC

The Asia Pacific is predicted to rise significantly throughout the forecast period due to the expanding number of hospitals and surgical centers and the increased adoption of updated healthcare infrastructure. In addition, factors such as the increased number of start-ups and mergers and acquisitions in the healthcare industry are driving demand in the region's smart hospitals market. In addition, the developing healthcare infrastructure and digital technologies to cater to the low- and middle-income population with low-cost healthcare delivery, the Asia Pacific region is expected to grow rapidly during the forecast period.

Over the years, the APAC market is witnessing significant growth due to mobile devices' rising use in the Asia Pacific region. It allows patients to communicate with doctors in real-time, and their health can be closely monitored. However, Teleconsultation has grown in popularity in nations like China and India, with a large population but few doctors. The Internet of Things and artificial intelligence, increasing in this region, make it easier for doctors to monitor and manage patients remotely. In addition, because of low medical costs, nations like India and Taiwan are becoming increasingly popular for outbound medical tourism. The countries such as China, India, Japan, South Korea, Australia, and the rest of the Asia Pacific region are the countries that are expanding the Asia Pacific smart hospital market.

The Chinese smart Hospitals market is estimated to account for the largest share in the region during the forecast period. The market in China is expected to grow at a considerable CAGR. The country's market growth is attributed to the growing population, technological advancements in the healthcare market, and increasing healthcare spending. The government of the country has also announced several projects aimed at improving the healthcare infrastructure.

KEY MARKET PLAYERS:

Medtronics, Philips, Microsoft, GE Healthcare, Qualcomm, SAP, Stanley Healthcare, Cerner Corporation, McKesson, and Siemens are some of the noteworthy companies operating in the APAC smart hospitals market profiled in this report.

  1. Introduction                             
    1. Market Definition                  
    2. Scope of the report               
    3. Study Assumptions               
    4. Base Currency, Base Year and Forecast Periods                        
  2. Research Methodology                                       
    1. Analysis Design                      
    2. Research Phases                    
      1. Secondary Research          
      2. Primary Research 
      3. Data Modelling     
      4. Expert Validation 
    3. Study Timeline                       
  3. Report Overview                                    
    1. Executive Summary               
    2. Key Inferences                     
  4. Market Dynamics                                   
    1. Impact Analysis                      
      1. Drivers     
      2. Restraints 
      3. Opportunities       
    2. Regulatory Environment                     
    3. Technology Timeline & Recent Trends                         
  5. Competitor Benchmarking Analysis                                
    1. Key Player Benchmarking                   
      1. Market share analysis       
      2. Products/Service  
      3. Regional Presence
    2. Mergers & Acquisition Landscape                    
    3. Joint Ventures & Collaborations                     
  6. Market Segmentation                                          
    1. Smart Hospitals Market, By Component                      
      1. Software 
      2. Hardware
      3. Services   
      4. Market Size Estimations & Forecasts (2019-2024)  
      5. Y-o-Y Growth Rate Analysis            
      6. Market Attractiveness Index          
    2. Smart Hospitals Market, By Application                       
      1. Remote Medicine Management    
      2. Medical Connected Imaging           
      3. Medical Assistance            
      4. Electronic Health Record & Clinical Workflow         
      5. Outpatient Vigilance          
      6. Market Size Estimations & Forecasts (2019-2024)  
      7. Y-o-Y Growth Rate Analysis            
      8. Market Attractiveness Index          
    3. Smart Hospitals Market, By Technology                       
      1. Cloud Computing 
      2. Artificial Intelligence          
      3. Wearable Technologies    
      4. Radio Frequencies Identification   
      5. Market Size Estimations & Forecasts (2019-2024)  
      6. Y-o-Y Growth Rate Analysis            
      7. Market Attractiveness Index          
    4. Smart Hospitals Market, By Connectivity                     
      1. Wired       
      2. Wireless  
      3. Market Size Estimations & Forecasts (2019-2024)  
      4. Y-o-Y Growth Rate Analysis            
      5. Market Attractiveness Index          
  7. Geographical Landscape                                     
    1. Asia Pacific                
        1. By Country            
          1. China
          2. India
          3. Japan
          4. South Korea
          5. South East Asia
          6. Australia & NZ
          7. Rest of Asia-Pacific
        2. By Component     
        3. By Application      
        4. By Technology      
        5. By Connectivity    
  8. Key Player Analysis                                
    1. Medtronic                 
      1. Business Description         
      2. Products/Service  
      3. Financials
      4. SWOT Analysis     
      5. Recent Developments       
      6. Analyst Overview 
    2. Philips                        
    3. GE Healthcare                        
    4. Siemens AG              
    5. Qualcomm Life                       
    6. Allengers                   
    7. Athenahealth                         
    8. McKesson                 
    9. Samsung                   
    10. AdhereTech                          
  9. Market Outlook & Investment Opportunities                              
  10. Appendix                                       
      1. List of Tables
      2. List of Figures          
  • Regional and country-level analysis and forecasts of the study market; providing Insights on the major countries/regions in which this industry is blooming and to also identify the regions that are still untapped.
  • The segment-level analysis in terms of Component, Application, Technology, Connectivity & Region, along with market size forecasts and estimations to detect key areas of industry growth in detail.
  • Identification of key drivers, restraints, opportunities, and challenges (DROC) in the market and their impact on shifting market dynamics.
  • Study of the effect of exogenous and endogenous factors that affect the global market; which includes broadly demographics, economics, and political, among other macro-environmental factors presented in an extensive PESTLE Analysis.
  • Study the microenvironment factors that determine the overall profitability of an Industry, using Porter’s five forces analysis for analyzing the level of competition and business strategy development.
  • A comprehensive list of key market players along with with their product portfolio, current strategic interests, key financial information, legal issues, SWOT analysis and analyst overview to study and sustain the market environment.
  • Competitive landscape analysis listing out the mergers, acquisitions, collaborations in the field along with new product launches, comparative financial studies and recent developments in the market by the major companies.
  • An executive summary, abridging the entire report in such a way that decision-making personnel can rapidly become acquainted with background information, concise analysis, and main conclusions.
  • Expertly devised analyst overview along with Investment opportunities to provide both individuals and organizations a strong financial foothold in the market.
  1. Asia Pacific Smart Hospitals Market, By Component, From 2021 to 2026 (USD Million)
  2. Asia Pacific Software Market, By Region, From 2021 to 2026 (USD Million)
  3. Asia Pacific Hardware Market, By Region, From 2021 to 2026 (USD Million)
  4. Asia Pacific Services Market, By Region, From 2021 to 2026 (USD Million)
  5. Asia Pacific Smart Hospitals Market, By Application, From 2021 to 2026 (USD Million)
  6. Asia Pacific Remote Medicine Management Market, By Region, From 2021 to 2026 (USD Million)
  7. Asia Pacific Medical Connected Imaging Market, By Region, From 2021 to 2026 (USD Million)
  8. Asia Pacific Medical Assistance Market, By Region, From 2021 to 2026 (USD Million)
  9. Asia Pacific Electronic Health Record & Clinical Workflow Market, By Region, From 2021 to 2026 (USD Million)
  10. Asia Pacific Outpatient Vigilance Market, By Region, From 2021 to 2026 (USD Million)
  11. Asia Pacific Smart Hospitals Market, By Technology, From 2021 to 2026 (USD Million)
  12. Asia Pacific Cloud Computing Market, By Region, From 2021 to 2026 (USD Million)
  13. Asia Pacific Artificial Intelligence Market, By Region, From 2021 to 2026 (USD Million)
  14. Asia Pacific Wearable Technologies Market, By Region, From 2021 to 2026 (USD Million)
  15. Asia Pacific Radio Frequencies Identification Market, By Region, From 2021 to 2026 (USD Million)
  16. Asia Pacific Smart Hospitals Market, By Connectivity, From 2021 to 2026 (USD Million)
  17. Asia Pacific Wired Market, By Region, From 2021 to 2026 (USD Million)
  18. Asia Pacific Wireless Market, By Region, From 2021 to 2026 (USD Million)
  19. Japan Smart Hospitals Market, By Component, From 2021 to 2026 (USD Million)
  20. Japan Smart Hospitals Market, By Application, From 2021 to 2026 (USD Million)
  21. Japan Smart Hospitals Market, By Technology, From 2021 to 2026 (USD Million)
  22. Japan Smart Hospitals Market, By Connectivity, From 2021 to 2026 (USD Million)
  23. China Smart Hospitals Market, By Component, From 2021 to 2026 (USD Million)
  24. China Smart Hospitals Market, By Application, From 2021 to 2026 (USD Million)
  25. China Smart Hospitals Market, By Technology, From 2021 to 2026 (USD Million)
  26. China Smart Hospitals Market, By Connectivity, From 2021 to 2026 (USD Million)
  27. India Smart Hospitals Market, By Component, From 2021 to 2026 (USD Million)
  28. India Smart Hospitals Market, By Application, From 2021 to 2026 (USD Million)
  29. India Smart Hospitals Market, By Technology, From 2021 to 2026 (USD Million)
  30. India Smart Hospitals Market, By Connectivity, From 2021 to 2026 (USD Million)
  31. Australia Smart Hospitals Market, By Component, From 2021 to 2026 (USD Million)
  32. Australia Smart Hospitals Market, By Application, From 2021 to 2026 (USD Million)
  33. Australia Smart Hospitals Market, By Technology, From 2021 to 2026 (USD Million)
  34. Australia Smart Hospitals Market, By Connectivity, From 2021 to 2026 (USD Million)
  35. South Korea Smart Hospitals Market, By Component, From 2021 to 2026 (USD Million)
  36. South Korea Smart Hospitals Market, By Application, From 2021 to 2026 (USD Million)
  37. South Korea Smart Hospitals Market, By Technology, From 2021 to 2026 (USD Million)
  38. South Korea Smart Hospitals Market, By Connectivity, From 2021 to 2026 (USD Million)

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