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Asia Pacific Smart Hospitals Market to Grow with CAGR of 25.28% During 2020-2028; Market to Grow on Account of the Growing Adoption of Smart Technologies in Hospitals

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Research Nester published a report titled Asia Pacific Smart Hospitals Market: Demand Analysis & Opportunity Outlook 2028” which delivers detailed overview of the Asia Pacific smart hospitals market in terms of market segmentation by hospital type, component, application, and by technology.

Further, for the in-depth analysis, the report encompasses the industry growth indicators, restraints, supply and demand risk, along with detailed discussion on current and future market trends that are associated with the growth of the market.

The Asia Pacific smart hospitals market is segmented on the basis of technology into artificial intelligence, wearable technology, blockchain, augmented reality, radio frequency identification (RFID), and others, out of which, the artificial intelligence segment is projected to hold the largest market share in the year 2021 owing to the benefits associated with the use of AI in the healthcare sector, such as enhancing diagnosis, optimizing clinical productivity and improving predictive interventions. The segment is further projected to attain a revenue of USD 4041.69 Million in the year 2021.

The Asia Pacific smart hospitals market is anticipated to witness growth by a CAGR of 25.28% during the forecast period, i.e., 2020-2028, and attain a revenue of USD 61289.56 Million by 2028, owing to the increasing need amongst the individuals in the region for quality healthcare services, along with the growing investments observed from the private sector as well as government expenditure for developments in the healthcare sector.

Growing Geriatric Population in the Asia Pacific and the Need for Developing the Healthcare Infrastructure

The Asia Pacific region has two most populous countries of the world, namely China and India. The region is also home to a large number of geriatric populations. With the increase in the geriatric population, there is a growing concern for the health of these individuals and which is raising the need for quality healthcare services. Such a factor is driving the need for optimization of processes in hospitals, and deploy smart technologies to deal with these populations. Such factors are anticipated to drive the growth of the market during the forecast period.

However, the concern for the unavailability of knowledge and information of the healthcare providers to deal with the smart technologies are anticipated to hamper the market growth.

This report also provides the existing competitive scenario of some of the key players of the Asia Pacific smart hospitals market which includes company profiling of Siemens Aktiengesellschaft (ETR: SIE), Microsoft Corporation (NASDAQ: MSFT), athenahealth, Inc., Samsung (KRX: 005930), Cerner Corporation (NASDAQ: CERN), Koninklijke Philips N.V. (AMS: PHIA), Medtronic plc (NYSE: MDT), and others. The profiling enfolds key information of the companies which encompasses business overview, products and services, key financials and recent news and developments. On the whole, the report depicts detailed overview of the Asia Pacific smart hospitals market that will help industry consultants, equipment manufacturers, existing players searching for expansion opportunities, new players searching possibilities and other stakeholders to align their market centric strategies according to the ongoing and expected trends in the future.     

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