Smart Hospitals Market Estimated To Witness High Growth Owing To Rapid Adoption of IoT Technologies
Smart Hospitals Market The Smart Hospitals Market is estimated to be valued at US$ 41 Bn in 2023 and is expected to exhibit a CAGR of 20% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights. Market Overview: The smart hospitals market involves implementation of internet of things(IoT) technologies in the healthcare sector to provide improved patient care and management. IoT devices such as connected medical equipment, RFID tags, sensors etc. are used to remotely monitor patients as well as automate various workflow and operational processes in hospitals. This provides advantages such as improved diagnosis, reduced medical errors and waiting time, streamlined supply chain management. The growing need for quality healthcare coupled with technological advancements is fueling adoption of smart hospital solutions across the world. Market Dynamics: Rapid adoption of IoT technologies is a key driver boosting the growth of smart ho...