DUBLIN--(
BUSINESS WIRE)--
According to the report, the Europe smart hospital market is expected to
have a significant compound annual growth rate (CAGR) of 21.98% and
reach a market size of USD 16.7 billion by 2023.
With growing number of chronic diseases, demand for medical services has
increased rapidly in the region. The smart hospital market uses advanced
technologies to help doctors for better medical treatment.
In Europe, countries like Germany, the UK, Sweden and Netherlands have
advanced infrastructure to deploy next-generation health informatics
application and build smart hospitals. It uses artificial intelligence
(AI) for smart medical services and internet of things (IoT) to connect
devices with each other in order to transfer patient data and make use
of it to reduce the risks involved in health.
In Europe, there has been changes in the lifestyles of people with the
countries getting developed and increase in per capita income causing
people to adopt unhealthy lifestyles and eating habits. It increases the
chances of severe diseases not only for the aging crowd but also for
young generation. This demands the need for smart hospitals in this
region.
Also, the European Health Insurance Card has encouraged people to opt
for treatment with heavy costs involved to get it done with government
financing. This region has seen good growth for smart hospitals in past
few years and it is forecasted to be consistent with it.
Key Growth Factors
One of the major factors that drive market growth in the European region
is the huge amount of expenditure for medical technologies. Countries
like Sweden, France and Ireland are getting aware of the value of
technology-enabled healthcare, and the demand for smart hospitals in the
European region is rising. Regulatory bodies are relaxed for the smart
equipment and devices in Europe making it easier for companies to cater
to the market.
Threats
Smart hospitals in Europe have faced a major blow on its economy
recently due to the exit of Britain from the European Union (EU). It has
impacted the working structure of the countries as well as the
development of medical industry. It has also affected the innovation
centres in the European region, which has put the challenge in front of
the major players in this market.
Key Players Profiled
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Medtronics
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Philips
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Microsoft
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GE Healthcare
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Qualcomm
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SAP
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Stanley Healthcare
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Cerner Corporation
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McKesson
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Siemens
Topics Covered
Chapter 1. Executive Summary
Chapter 2. Europe Smart Hospital Market - Overview
Chapter 3. Europe Smart Hospital Market - by Countries
Chapter 4. Competitive Landscape
Chapter 5. Conclusion
For more information about this report visit https://www.researchandmarkets.com/research/prlpc8/outlook_on_smart?w=4
