Smart Hospitals Market Size, Industry Report Analysis, Growth, Top Manufacturers and Technology

IMARC Group, a leading market research company, has recently released a report titled “Smart Hospitals Market Size, Share, Trends and Forecast by Component, Product, Service Offered, Connectivity, Technology, Application, and Region, 2025-2033”. The study provides a detailed analysis of the industry, including the smart hospitals market share, size, trends, and growth forecast. The report also includes competitor and regional analysis and highlights the latest advancements in the market.

How big is the Smart Hospitals Market?

The global smart hospitals market size was valued at USD 62.01 Billion in 2024. Looking forward, IMARC Group estimates the market to reach USD 287.89 Billion by 2033, exhibiting a CAGR of 17.67% during 2025-2033. North America currently dominates the market, holding a significant market share of over 35.8% in 2024. The increasing adoption of cloud computing and big data analytics, rising incidences of chronic diseases, and extensive research and development (R&D) activities by key players are some of the major factors propelling the smart hospital market share in the region.

Global Smart Hospitals Market Trends:

The Smart Hospitals market is changing fast due to key trends in healthcare. One important trend is the growing use of artificial intelligence (AI) and data analytics. Hospitals will use AI to analyze large amounts of patient data. This will help predict health risks and improve treatment plans. At the same time, the need for cybersecurity will increase. As hospitals connect more devices and use digital solutions, strong protections are needed to keep patient information safe from cyber threats. Sustainability is also becoming a priority. Many hospitals aim to reduce their environmental footprint by using energy-efficient technologies and cutting down on waste. Moreover, collaborative healthcare models are on the rise. Hospitals are teaming up with tech companies, startups, and research institutions to boost innovation and improve patient care. By following these trends, the Smart Hospitals market will enhance healthcare delivery. It will also build a more resilient and adaptable healthcare system for patients and providers.

Factors Affecting the Growth of the Smart Hospitals Industry:

Integration of Internet of Things (IoT) Technologies:

The integration of Internet of Things (IoT) technologies is changing the Smart Hospitals market. It greatly boosts operational efficiency and patient care. By 2025, more connected devices in healthcare will allow real-time monitoring of patients' vital signs, medication adherence, and overall health. IoT devices, like wearable health monitors and smart beds, will give healthcare providers continuous data. This will enable timely interventions and personalized treatment plans. The demand for remote patient monitoring will grow as healthcare systems work to cut down hospital readmissions and enhance chronic disease management. IoT technologies will also improve hospital operations. Automated inventory management, smart scheduling systems, and better communication between departments are key benefits. This shift will not only enhance patient outcomes but also optimize resource use, leading to cost savings for healthcare facilities. As hospitals adopt more IoT solutions, the Smart Hospitals market will grow. This growth is driven by the need for new ways to deliver and manage healthcare.

Focus on Patient-Centric Care:

The shift to patient-centric care is a key trend in the Smart Hospitals market. It highlights the need for personalized healthcare experiences. By 2025, hospitals will focus on technology that boosts patient engagement and satisfaction. This includes mobile health apps that help patients access their medical records, schedule appointments, and communicate with healthcare providers easily. Telemedicine services will also grow. Patients will be able to get consultations from home, improving access to care and cutting wait times. Hospital designs will change too, creating more welcoming and comfortable spaces that support healing and well-being. By prioritizing patient needs, hospitals will build stronger relationships with patients. This can lead to better health outcomes and higher retention rates. The push for patient-centric care will increase the demand for smart technologies that enhance communication, transparency, and personalized treatment plans. This shift will shape the future of healthcare delivery.

Regulatory Support and Funding for Digital Health Initiatives:

Regulatory support and more funding are key drivers of the Smart Hospitals market. Governments and healthcare organizations see the need for digital transformation. They are creating policies and offering financial incentives to promote smart technologies. By 2025, efforts to improve interoperability between health information systems will grow. This will allow smooth data sharing among healthcare providers. This supportive regulatory environment will help integrate advanced technologies like artificial intelligence (AI), machine learning, and big data analytics into hospitals. Funding opportunities will also increase, enabling healthcare facilities to invest in solutions that boost clinical decision-making, operational efficiency, and patient safety. As regulations adapt to support digital health, hospitals will be in a better position to use technology for better care and patient outcomes. This positive landscape will be crucial for advancing the Smart Hospitals market. Stakeholders will work together to build a more connected and efficient healthcare system.

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Smart Hospitals Industry Segmentation:

Analysis by Component:

• Hardware
• Stationary Medical Devices
• Implanted Medical Devices
• Wearable External Medical Devices
• Others
• Software
• Services
• Professional Services
• Managed Services

 Services are essential for implementing, sustaining, and enhancing advanced healthcare systems.

Analysis by Product:

• mHealth
• Telemedicine
• Smart Pills
• Electronic Health Record
• Others

 Telemedicine dominates the market, accounting for approximately 35.8%.

Analysis by Service Offered:

• General Services
• Specialty
• Super Specialty

 General services lead the market due to their versatility and widespread use across healthcare settings.

Analysis by Connectivity:

• Wireless
• Wi-Fi
• Radio Frequency Identification (RFID)
• Bluetooth
• Zigbee
• Near Field Communication (NFC)
• Others
• Wired

 Wireless connectivity is the most preferred in the market due to its flexibility, scalability, and compatibility with a wide range of smart devices.

Analysis by Technology:

• Artificial Intelligence
• Internet of Things
• Cloud Computing
• Big Data
• Others

 AI is vital in the market, driving advanced diagnostics, predictive analytics, and personalized treatment solutions.

Analysis by Application:

• Smart Hospitals Market By Application

• Remote Medicine Management
• Electronic Health Record & Clinical Workflow
• Outpatient Vigilance
• Medical Connected Imaging
• Medical Assistance
• Others

 Electronic Health Record (EHR) and Clinical Workflow solutions form the largest segment, comprising about 19.2% of the market.

Regional Analysis:

• North America
• Europe
• Asia Pacific
• South America
• Middle East and Africa

Asia Pacific leads the market, fueled by rapid industrialization, growing construction activities, and the presence of major aluminum producers in the region.

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Top Smart Hospitals Market Leaders:

The smart hospitals market 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.)

If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.

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