KUALA LUMPUR, Oct 26 (Bernama) -- A new study by Juniper Research finds the smart hospitals market will be worth US$59 billion by 2026, up from US$29 billion in 2021; representing an average annual growth of 15 per cent. (US$1 = RM4.150)
The concept of the smart hospital includes healthcare providers leveraging advanced analytics, connected devices, and healthcare platforms to improve care, productivity, and operational efficiency.
The new report Smart Hospitals: Technologies, Global Adoption & Market Forecasts 2021-2026, identified the US and China as leading smart hospital adopters; accounting for US$17 billion of market value in 2021.
According to a statement, it highlighted digital healthcare initiatives implemented in light of the COVID-19 pandemic and high levels of existing digitalisation within healthcare infrastructure as key to these countries’ positions as leaders.
The research forecasts that the US and China will grow to account for over 60 per cent of global smart hospital spending by 2026, predicting these countries’ pre-existing smart hospital services, allied with the formulation of favourable reimbursement structures, will provide an ideal basis for further smart hospital roll-outs.
However, it cautioned that the need for pre-existing digital infrastructure, such as electronic health records, would limit smart hospital roll-outs to developed regions. As a result, it anticipates that Latin America, Africa, and the Middle East will represent less than five per cent of global smart hospital spending by 2026.
Juniper Research’s report outlined how a current lack of interoperability between devices and platforms resulted in a high degree of fragmentation that required regulatory intervention on a country-level basis.
Juniper Research provides research and analytical services to the global hi-tech communications sector; providing consultancy, analyst reports and industry commentary.
-- BERNAMA
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