The recent trend and adoption of artificial intelligence software and devices in hospital settings as well as the extensive utilization of Internet of Things augments the market growth. Additionally, the increase in awareness regarding IoT (internet of things) and artificial intelligence in developing countries has also driven the market growth.
According to a new report published by Allied Market Research, titled, Smart Hospitals Market by Component, Product, Connectivity, Application, and Artificial Intelligence: Global Opportunity Analysis and Industry Forecast, 2018-2025," the global smart hospitals market was valued at $16,925 million in 2017, and is projected to reach $58,777 million by 2025, growing at a CAGR of 17.3% from 2018 to 2025. The service segment accounted for about four-sevenths share of the global market in 2017.
In 2017, North America was the dominant revenue contributor, owcontinue reading →