Global Smart Hospitals Industry: Key Statistics and Insights in 2025-2033
Summary:
- The global smart hospital market size reached USD 62.0 Billion in 2024.
- The market is expected to reach USD 287.9 Billion by 2033, exhibiting a growth rate (CAGR) of 17.67% during 2025-2033.
- North America leads the market, accounting for the largest smart hospitals market share.
- Services (professional services and managed services) holds the majority of the market share in the product segment.
- Telemedicine dominates the smart hospitals industry.
- General services remain the biggest segment in the market, driven by their broad application across various hospital functions.
- Wireless {Wi-Fi, radio frequency identification (RFID), Bluetooth, Zigbee, near field communication (NFC), and others} represents the leading connectivity segment.
- Based on the technology, the market has been divided into artificial intelligence, internet of things, cloud computing, big data, and others.
- Electronic health record and clinical workflow leads the market owing to their ability to streamline patient data management and improve clinical efficiency.
- The growing need for efficient resource management is a primary driver of the smart hospitals market.
- The rising demand for personalized patient care and the integration of internet of things (IoT) and artificial intelligence (AI) are reshaping the smart hospitals market.
Industry Trends and Drivers:
- Integration of internet of things (IoT) and artificial intelligence (AI):
The connected health devices including health monitoring wearables, smart bed, smart medication dispensary among others ensures the flow of constant, accurate patient data for monitoring and improving the chances of identifying complications early. AI plays a critical role in this since it assists in sorting this flood of data and if there are patterns they will be utilised to make forecasts that healthcare givers can use in anticipation of a health issue that may affect a patient. These are incorporating the traditional end-of-the-day care organizational methods into the data techniques that make decisions far much faster and with little or no human involvement. Similarly, originations applying artificial intelligence in supplementing ordinary exercises assist in increasing effectiveness by providing basement errands such as administrative and supply chain errands. The smart hospitals using IoT and AI prioritize the quality and time to be taken in attending to patients, which is useful because the world today needs better ways to solve the increasing cases of diseases.
- Rising demand for personalized patient care:
The outcome based care that is being demanded across the healthcare industries is putting pressure on hospitals to incorporate smart infrastructure which can facilitate patient centred care. By using EHRs, wearable devices, and genital information, smart hospitals provide an accurate approach to health management and treatment. This way not only increases the patients’ satisfaction with received services, but also makes treatments more effective since the health of each customer differs. Pharmacogenomics for personalized treatment based on predictive analytics and patient data enable improved adherence to the therapy, decreased side effects and enhanced recovery time. Furthermore, consumer preferences are changing where health care delivery organizations are providing patient centred care hence expanding the opportunities for specialized services.
- Growing need for efficient resource management:
Sound resource management is crucial in today’s health care organization because of escalating operating costs, scarcity of workforce, and importantly the right patient flow. This is where smart hospitals come to address this need through the use of AI-based systems that deal with resources, maintenance and supply chain. Leading edge scheduling systems made possible by ML can employ prescient resource allocation in medicine staff distribution so that capacities are available for use in areas of demand. Accurate and efficient shelf stocking methods in the smart inventory management systems give a notification to the administrators that which medicine or equipment is low in stock and requires to be refilled. Also, facility automation systems can regulate lighting, temperature, and energy consumption, thus making the operations environmentally friendly, and hence; the operating costs will be low. These efficiencies help smart hospitals in providing better services and at the same time, keep a watch on the operational cost, which is very useful for the healthcare providers who are always under pressure to provide better quality services with low budgets.
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Smart Hospitals Market Report Segmentation:
Breakup By Component:
- Hardware
- Stationary Medical Devices
- Implanted Medical Devices
- Wearable External Medical Devices
- Others
- Software
- Services
- Professional Services
- Managed Services
Services (professional services and managed services) exhibit a clear dominance in the market, driven by their ability to cover essential aspects like system integration, maintenance, and support critical for smart hospital operations.
Breakup By Product:
- mHealth
- Telemedicine
- Smart Pills
- Electronic Health Record
- Others
Telemedicine represents the largest segment accredited to its ability to provide remote healthcare access, especially valuable in enhancing patient reach and reducing in-hospital visits.
Breakup By Service Offered:
- General Services
- Specialty
- Super Specialty
General services hold the biggest market share attributed to their broad application across various hospital functions.
Breakup By Connectivity
- Wireless
- Wi-Fi
- Radio Frequency Identification (RFID)
- Bluetooth
- Zigbee
- Near Field Communication (NFC)
- Others
- Wired
Wireless {Wi-Fi, radio frequency identification (RFID), Bluetooth, Zigbee, near field communication (NFC), and others} accounts for the majority of the market share, as it enables flexible and real-time data exchange, essential for mobile devices and remote monitoring systems in smart hospitals.
Breakup By Technology:
- Artificial Intelligence
- Internet of Things
- Cloud Computing
- Big Data
- Others
Based on the technology, the market has been divided into artificial intelligence, internet of things, cloud computing, big data, and others.
Breakup By Application:
- Remote Medicine Management
- Electronic Health Record & Clinical Workflow
- Outpatient Vigilance
- Medical Connected Imaging
- Medical Assistance
- Others
Electronic health record and clinical workflow hold the biggest market share owing to their ability to streamline patient data management and improve clinical efficiency.
Breakup By Region:
- North America (United States, Canada)
- Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, Others)
- Europe (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
- Latin America (Brazil, Mexico, Others)
- Middle East and Africa
North America dominates the market due to advanced healthcare infrastructure, high adoption of digital health technologies, and strong investment in smart hospital initiatives.
Top Smart Hospitals Market Leaders:
The smart hospitals market research report outlines a detailed analysis of the competitive landscape, offering in-depth profiles of major companies. Some of the key players in the market are:
- Adheretech Inc.
- Capsule Technologies, Inc. (Francisco Partners)
- Cerner Corporation
- GE Healthcare Inc. (General Electric Company)
- Intel Corporation
- Koninklijke Philips N.V.
- McKesson Corporation
- Medtronic, Inc. (Medtronic Public Limited Company)
- Microsoft Corporation
- SAP SE
- Siemens Healthineers AG (Siemens Aktiengesellschaft)
- STANLEY Healthcare (Stanley Black & Decker Inc.)
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