Showing posts with label Smart Hospital Market Size. Show all posts
Showing posts with label Smart Hospital Market Size. Show all posts

Tuesday, January 15, 2019

IoT and Automation to Develop the Smart Hospitals in Latin American Region: Ken Research

A smart hospital includes large scale useof Information and communication technologies (ICT) environment of reliable assets. The majority of equipment includes mobile client devices, networking equipment, networked medical devices, interconnected clinical information systems, many other identification systems, buildings and remote care systems. The equipment used largely work on Internet of things (IoT) for addressing the patient concern procedures and setting up of new competences. Some of the major components of smart hospitals are services, hardware and systems. Services are defined as general, specialty and super specialty. The connectivity of smart hospitals is classified into wired, wireless and others connectivity. Smart hospitals consist many elements such as patient experience, new bureau models, supply chain executive using real-time location system (RLTS) or radio frequency identification (RFID), provider-patient cooperation, home supervising or remote care, inhabitants health management, data life cycle management, paying attention hospitals or micro hospitals and security devices.

According to study, “Latin America Smart Hospital Market (2018-2023)” some of the major companies that are currently working in the Latin America smart hospital market are Medtronics, GE Healthcare, Qualcomm, Cerner Corporation, Stanley Healthcare, Microsoft, McKesson, Philips, Siemens, SAP. These key players provided many medical wearable devices, new technical advancements, wireless connectivity and mobile health (mHealth) apps for easily entering in the market.

Some of the key advantages of using smart hospitals are awareness on the personal data, reduced errors, decreased cost of the treatment, improved disease management, better efficiency, growth of the patient’s capabilities, eminence improvement and improving association between medical organization & patients. The major applications of smart hospitals are medical assistance, outpatient caution, isolated medicine management, electronic health record & medical workflow and medical associated imaging and many others. The technologies likeinternet of things (IOT), cloud computing, wearable technologies, zigbee technologies, artificial technologies and RFID have now been increasingly used in smart hospitals, which provide help to doctors for superior for the medical treatment.

The Pan American Health Organization supports the use of automated and new technology devicesin the Caribbean region. The smart hospitals have assessment basedon the hospital safety index and a green checklist. Baseline assessment accumulates information for building's routine & operations and also measures regulatory requirements of functioning in an emergency.

The market of Latin America smart hospital is developing due to increasing awareness about digital health technologies, increasing internet and smart-phone usage rate, growing government initiatives in healthcare industries, growing digital therapeutic solutions, rising investments in digital healthcare sector and increasing digital healthcare startups are growing extensively which led to the development of the market. Apart from advantages, some of the major challenges are poor economic condition, lack of adequate resources in the healthcare industry such as hospital beds etc.

The Latin America is focusing on mHealth owing to mobile recognition in most of the countries. The region smart hospital is also developing by implementing outpatient vigilance, remote patient monitoring, and other offerings of the smart hospital. It is expected that Latin America smart hospital market will be reached at US$ 0.8 billion, at a CAGR of 15.4 %, by 2023. In upcoming years, it is estimated that this market will be growing fast due to adoption of new technologies.

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