Market Share of Smart Hospital Industry
The Smart Hospital market is moderately fragmented because of the major players. These players include Koninklijke Philips NV, GE Healthcare, Medtronic PLC, Honeywell Life Care Solutions, and Stanley Healthcare. To sustain intense competition, some prime growth strategies that the companies adopt are product launches, high expenses on research and development, partnerships and acquisitions, etc.
In July 2022, GE Healthcare inaugurated the company's first 5G innovation lab. The lab aimed at developing healthcare solutions by employing 5G and other smart solutions, such as artificial intelligence, augmented and virtual reality, and advanced visualization to streamline image transfers and teleradiology. It also enabled the company to foster collaborations with various academia, industry researchers, and startups to co-create future-ready solutions.
Smart Hospital Market Leaders
Koninklijke Philips N.V.
GE Healthcare ( General Electric)
Medtronic plc
Honeywell Life Care Solutions ( Honeywell International Inc)
Stanley Healthcare
*Disclaimer: Major Players sorted in no particular order
