LG Electronics Inc. has entered a strategic collaboration with GE Healthcare Korea and Microsoft Korea, signing a memorandum of understanding to develop smart hospital technologies. This alliance seeks to leverage artificial intelligence and cloud computing to revolutionize medical care.
The global smart hospital market, with a projected growth from $41 billion in 2022 to $153.3 billion by 2030, offers a substantial opportunity for innovation in healthcare delivery. The partnership aims to tap into this growth by enhancing hospital operations and patient care with advanced digital solutions and medical devices.
LG Electronics will contribute its expertise in medical monitors and digital healthcare solutions, a market it has been part of since 2016. The company’s offerings include various types of medical monitors, digital X-ray detectors, and robotic solutions, which are crucial for the operational efficiency of smart hospitals.
GE Healthcare Korea will add its advanced medical equipment and digital solutions that are essential for integrating and analyzing patient data, thereby improving procedural accuracy and operational efficiency.
Microsoft Korea will provide the technological backbone, offering hybrid cloud systems, AI algorithm models, and collaboration tools like Microsoft Teams to support the digital transformation of healthcare facilities.
This initiative is expected to set new standards in healthcare, making hospital operations more efficient and enhancing the quality of patient care through innovative technology.
