Smart hospital refers to the hospital where IP addressable communication is established between sensor systems, medical devices, and hospital information systems such as electronic medical records. These are all integrated through an enterprise service bus and exchange information with each other, as well as with healthcare providers, staffs, and patients.
Visionary leaders are the leading market players in terms of product portfolio, geographic reach, innovative technologies, and adoption of growth strategies. The SWIR market is moderately dominated by the players covering a major share of the market. These players have a broad product portfolio that caters to most of the regions globally. Visionary leaders primarily focus on acquiring the leading market position through their strong financial capabilities and well-established brand equity.
Companies under this quadrant are well-established vendors with strong business strategies such as industry coverage, inorganic growth, geographic reach, and technology innovation. However, they have a weaker product portfolio than the innovators in this matrix. They generally focus on a specific type of technology related to the product considered in this market.
Innovators demonstrate substantial product innovation compared to their competitors. They have a highly focused product portfolio. However, they do not have very strong growth strategies for their overall business. The rugged display market moderately depends on innovators as high capital investment is required for manufacturing and developing new technology-based display devices and it is not easy for new players to enter this market. The market is mature and is dominated majorly by visionary leaders, which are also the major innovators in the market.
Emerging vendors are those that have niche service offerings and are starting to gain their position in the market. They do not have strong business strategies compared to other established vendors. They might be new entrants in the market and require some more time before gaining significant traction in the market.