Technological Advancements Driving the Global Smart Hospital Market
MUMBAI, India--(BUSINESS WIRE)--Oct 5, 2018--ROGM - Research On Global Markets, a global market research firm, published a report on the global smart hospital market, today. The report, prepared by Netscribes, shows that the market is expected to expand at a compounded annual growth rate (CAGR) of 23.29% and be worth USD 55.76 Bn by 2023.
Technological advancements like machine learning, artificial intelligence (AI), cloud computing services, radio-frequency identification (RFID) and others, are deemed to be the key growth drivers for this market. Also, increased government initiatives to implement IT solutions in healthcare bodes well for the growth of this market.
However, cybersecurity remains a concern for the widespread adoption of smart hospitals. Smart hospitals typically deploy chatbots for automating processes. There are concerns that any kind of breaches in the automation processes can significantly compromise the quality of healthcare. Increasing number of ransomware cases and distributed denial of security (DDoS) attacks can also slow down the growth of the market during the forecasted period.
Key highlights of this report:Trends in the global smart hospital market Qualitative analysis of the drivers and challenges affecting the market and its segments Analysis of the competitive landscape and profiles of major players operating in the market Historical, current and forecasted regional market size data for the global smart hospital industry Historical, current and forecasted market size data for smart pills, mHealth, telemedicine, and others
This report has been formulated and designed with the purpose of giving businesses a concise understanding of the demand for smart hospitals worldwide to determine the viability of the market, develop strategies based on the drivers, and help brands identify competition and respond accordingly.
For more information, download the Global Smart Hospital Market report.
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PUB: 10/05/2018 07:59 AM/DISC: 10/05/2018 07:59 AM