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3. Smart Hospital Companies - GE Healthcare (US) and Philips (Netherlands) are the Key Players

The smart hospital market has witnessed enormous developments over the past few years. Companies in North America have witnessed an extensive growth and occupy a major market share of the smart hospital market. The companies in North America are mainly concentrating on contracts, partnerships, and agreements in the smart hospital application. Currently, these companies are endorsing mergers, acquisitions, expansions, product launches, and other activities in the field of research and development.

Major Smart Hospital Companies Include:

•  Medtronic (Ireland),
• Philips (Netherlands),
• Microsoft (US),
• GE Healthcare (US), and
• Qualcomm Life (US).

GE Healthcare (US) has been ranked first in the smart hospital market. The company is one of the world’s largest multinational conglomerates, operating as an infrastructure and financial services company. With products and services ranging from aircraft engines, power generation, and oil and gas production equipment to medical imaging, financing, and industrial products, the company serves customers in approximately 180 countries. Moreover, GE strives for continuing innovation in healthcare products and tailored marketing approaches to outgrow in the market. It provides technology innovation and offers productivity-based technologies, services, and IT/cloud-based solutions. The company is known for continuous growth in core imaging business through technology leadership and digital platforms/solutions, and in life sciences business through expansions, acquisition, partnerships, and collaborations pertaining to products and solutions. For instance, in April 2017, GE Healthcare expanded its Maternal-Infant Care business with the acquisition of Monica Healthcare (UK), a monitoring technology company. This acquisition enhanced GE Healthcare’s mobile and digital offerings by providing clinicians and patients around the world with innovative solutions for labor, delivery, and home care. Moreover, in June 2015, GE Healthcare announced to expand its Healthcare IT Centre of Excellence in Szeged, Hungary.

Philips (Netherlands) has been ranked second in this market. Philips comprises personal health business, diagnosis and treatment business, connected care and health informatics business, and lighting, each being responsible for the management of its business worldwide. The company strives for continuing innovation in healthcare products and tailored marketing approaches to outgrow in the market. In addition to their solutions for clinical pathways, the company provides a range of technology to help their customers improve their operational results. In 2016, Philips introduced a comprehensive suite of software services designed to improve radiology department operations. For instance, PerformanceBridge provides practice management, dose management, and service analytics. The personal health segment includes health and wellness, personal care, domestic appliances, and sleep and respiratory care. The diagnosis and treatment segment covers diagnostic imaging, image-guided, and therapy ultrasound. Connected care and health informatics comprise patient care and monitoring solutions, healthcare informatics, solutions and services, and population health management.

Related Reports:

Smart Hospital Market by Component (Hardware, Services, and Systems & Software), Services Rendered (General, Specialty, and Super Specialty), Connectivity, Application, Artificial Intelligence, and Region - Global Forecast to 2023

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