In 2021, total global smart healthcare spending by smart hospitals stood at some 28.8 billion U.S. dollars, with capital spending making up roughly 78 percent. By 2026, it is projected that total spending will increase to nearly 60 billion dollars. Smart hospitals use data and technology such as AI, internet of things (IoT), or 5G networks to facilitate, accelerate, and enhance the work of healthcare professionals and management. Examples of smart technology range from smart building functions such as keyless opening of doors to tracking hospital bed occupancy or using AI in imaging.

The Smart Hospital Market is Segmented by Component (Hardware, Software, and Services), Application (Electronic Health Record, Remote Patient Monitoring, Pharmacy Automation, Medical Asset Tracking, and More), and Geography. The Market Forecasts are Provided in Terms of Value (USD).

BCC Research Market Report for smart hospitals market should reach $111.99 billion by 2026 from $39.16 billion in 2021 at a compound annual growth rate of 23.4%

In 2021, the global smart hospital market was valued at **** billion U.S. dollars. According to future estimations, the market value of smart hospitals was forecast to increase exponentially. In 2026, the market of smart hospitals was forecast to reach a value of ** billion U.S. dollars. What are the main segments of the smart hospital market? In 2021, smart hospital market growth was especially due to three aspects of healthcare. Currently, the segment of remote medicine management represented most of the market’s revenue. In 2026, this segment is projected to account for over a fourth of the market. Electronic health records and clinical workflow was the second-biggest segment, followed by outpatient vigilance. What makes a hospital “smart”? Nowadays, access to healthcare is being revolutionized by digital solutions. Hospitals need to adopt smarter clinical processes and redesign management systems to keep up with this digitization of healthcare. Patients expect to get appointment reminders by email or text, have access to electronic health records, and be able to make online video consultations. To answer these changes, hospital infrastructures need to implement technologies and improve the consumer experience. Ultimately, to survive in time, hospitals need to get smarter.

Smart Hospital Market size was valued at USD 67.77 Billion in 2024 and is projected to reach 310.17 USD Billion by 2031 growing at a CAGR of 23.10% from 2024 to 2031.

Global Smart Hospital Market Drivers

The market drivers for the Smart Hospital Market can be influenced by various factors. These may include:

Technological breakthroughs: The adoption of smart solutions in hospitals is being driven by the rapid breakthroughs in technology, such as wearables, robotics, artificial intelligence (AI), and the Internet of Things (IoT). Need for Streamlined Operations: To improve efficiency, cut expenses, and streamline operations, hospitals are progressively implementing smart technology. Smart hospital solutions facilitate the automation and optimisation of multiple operations, including resource allocation, inventory management, and patient management. Increasing Healthcare Costs: There is pressure on healthcare providers to cut costs without sacrificing quality of care. By minimising inefficiencies, preventing medical errors, and optimising resource utilisation, smart hospital solutions can lower total healthcare costs. Growing Ageing Population: The need for healthcare services is rising as a result of the global ageing population. More individualised and effective care delivery is made possible by smart hospital technology like telemedicine and remote monitoring, especially for older patients with chronic illnesses. Emphasis on Patient-Centric Care: Improving patient experiences and offering patient-centric care are becoming more and more important in healthcare facilities. Electronic health records (EHRs), patient portals, and remote monitoring devices are examples of smart hospital solutions that enable people to take an active role in their healthcare management and improve communication between patients and healthcare professionals. Government Regulations and Initiatives: The adoption of smart hospital solutions is being driven by government regulations and initiatives that aim to improve healthcare infrastructure and promote healthcare digitization. Additionally, hospitals are being encouraged to invest in smart technologies for compliance by regulatory demands such as those pertaining to electronic medical records and patient data protection. Impact of the COVID-19 Pandemic: In order to facilitate contactless healthcare delivery, telemedicine consultations, and remote patient monitoring, smart hospital solutions have become increasingly popular. This has helped the market for smart hospitals develop even more.

Overview

New York, NY – Oct 03, 2025 – The Global Smart Hospital Market size is expected to be worth around USD 361.7 Billion by 2033 from USD 72.2 Billion in 2024, growing at a CAGR of 19.6% during the forecast period from 2025 to 2033.

Growth in the smart hospital sector is being driven by clear demographic and disease trends. The world is ageing fast; by 2030, one in six people will be aged 60 or over, and by 2050 the number of older persons is projected to reach 2.1 billion. Hospitals are therefore investing in connected wards, remote monitoring, and fall-prevention systems to manage higher acuity and longer stays.

The burden of chronic disease is also expanding. Noncommunicable diseases caused at least 43 million deaths in 2021, equal to roughly three-quarters of non-pandemic deaths worldwide. This sustained caseload encourages demand for smart asset tracking, AI-supported diagnostics, and integrated care pathways to reduce readmissions and improve outcomes.

Health systems are responding with digital policy and funding. OECD and national data show widespread adoption of electronic health records, which form the digital core of smart hospitals; nearly all U.S. acute-care hospitals had certified EHRs by 2021, while OECD’s multi-country survey reports growing use but warns of fragmentation, pushing buyers toward interoperable platforms and analytics. In the European Union, the European Health Data Space aims to standardize access and exchange of electronic health data, further accelerating procurement of interoperable devices, APIs, and cybersecurity.

Workforce pressures are intensifying the shift. WHO estimates a shortfall of about 11 million health workers by 2030, which is encouraging automation of routine tasks, smart scheduling, command centers, and AI triage to maintain quality with fewer staff.

Rising health expenditure tracked by WHO and the World Bank, along with global initiatives to expand access, is supporting capital investment in these technologies, with a focus on efficient, scalable models. Together, these forces ageing populations, chronic disease, pro-digital regulation, workforce gaps, and sustained spending are expected to continue to propel smart hospital adoption worldwide.

Smart Hospitals Market size is expected to reach USD 222.92 Bn by 2032 from USD 59.73 Bn in 2025 exhibiting CAGR of 20.7% during the forecast period 2025-2032.

The global smart hospitals market is experiencing robust growth, projected to reach $23 billion in 2025 and maintain a Compound Annual Growth Rate (CAGR) of 13.0% from 2025 to 2033. This significant expansion is driven by several key factors. The increasing prevalence of chronic diseases necessitates advanced healthcare solutions, leading to a surge in demand for efficient and technologically advanced hospital infrastructure. Furthermore, the rising adoption of electronic health records (EHRs), the integration of Internet of Medical Things (IoMT) devices, and the implementation of advanced analytics are revolutionizing healthcare delivery, fostering the growth of smart hospitals. The focus on improving patient outcomes, reducing healthcare costs, and enhancing operational efficiency further fuels market expansion. Leading players like Medtronic, Philips, GE Healthcare, and Siemens are actively investing in research and development, introducing innovative solutions such as AI-powered diagnostic tools, remote patient monitoring systems, and robotic surgery platforms, shaping the market landscape. Government initiatives promoting digital healthcare transformation in several countries also contribute positively to market growth. The market segmentation within smart hospitals is diverse, encompassing solutions for various hospital departments and functionalities. While precise segment-specific data is unavailable, it's reasonable to assume that segments like medical imaging, remote patient monitoring, and hospital management systems represent substantial market shares. The competitive landscape is characterized by both established medical device and technology companies and emerging healthcare IT providers. Strategic partnerships, mergers, and acquisitions are prevalent, leading to greater market consolidation and innovation. Geographic growth varies; while North America and Europe currently dominate, significant growth potential exists in developing economies as healthcare infrastructure modernizes and disposable incomes increase. The continued advancements in artificial intelligence, big data analytics, and cloud computing are poised to further accelerate the growth of the smart hospitals market in the coming years.

Electronic health records (EHR) are expected to boost the market value of smart hospitals. In 2021, the global smart hospital market was valued at **** billion U.S. dollars, from which *** billion were linked to EHR and the consequent clinical workflow. According to future estimations, this market was forecast to increase in value and reach nearly ** billion U.S. dollars in 2026. The use of electronic health records in hospitals EHR systems improve the quality and efficiency of healthcare delivery and enable patients more autonomy in their treatment. In 2020, over ** percent of surveyed European clinicians used electronic health records in their practice. According to the same survey, in countries such as the Netherlands or Denmark, nearly *** practicians used EHRs. The implementation of these medical records plays a central role in the emergence of smart hospitals. Data privacy and electronic health records Although the global EHR market is projected to steadily increase in the future, EHR use still raises some issues. Indeed, an electronic health record encompasses private information on a patient that can be shared across a range of healthcare settings. Thus, it presents challenges in terms of access control to ensure data privacy and confidentiality. These risks need to be addressed through legal frameworks, optimal access controls, quality training, and standards shared across all EHR users.

Global smart hospitals market worth at $48.42 Billion in 2024, is expected to surpass $166.10 Billion by 2034, with a CAGR of 13.12% from 2025 to 2034.

Get key insights on Market Research Intellect's Smart Hospitals Market Report: valued at USD 45.23 billion in 2024, set to grow steadily to USD 106.12 billion by 2033, recording a CAGR of 10.25%.Examine opportunities driven by end-user demand, R&D progress, and competitive strategies.

The global smart hospital market is projected to reach USD 60.35 million by 2033, exhibiting a CAGR of 19.71% during the forecast period. The market is primarily driven by factors such as the increasing adoption of digital technologies, rising healthcare costs, and the growing demand for personalized and remote healthcare services. The integration of Internet of Things (IoT) devices, artificial intelligence (AI), and cloud computing in healthcare is transforming the way hospitals operate, leading to improved efficiency, patient outcomes, and cost reduction. Key players in the smart hospital market include Stanley Healthcare, ThoughtWire Corp, GE Healthcare (General Electric), Microsoft Corporation, Medtronic PLC, Cerner Corporation, Koninklijke Philips NV, Allscripts Healthcare Solutions Inc, McKesson Corporation, Schneider Electric Healthcare, SAP SE, and Honeywell Life Care Solutions (Honeywell International Inc). These companies are investing heavily in research and development to offer innovative solutions that meet the evolving needs of the healthcare industry. The market is expected to witness further growth due to government initiatives to promote digital health, increasing awareness of the benefits of smart hospital technologies, and the expansion of smart hospital solutions to emerging markets. However, data security concerns, lack of interoperability, and regulatory challenges may hinder the market growth to some extent. Recent developments include: February 2022: GE Healthcare, a subsidiary of General Electric Company, collaborated with AWS to provide AI-enabled diagnostic imaging cloud solutions for healthcare organizations. The company focused on providing better clinical insights and transforming healthcare quality by including accessories, such as sensor readings, genomics, lab tests, etc., January 2022: Francisco partners announced the acquisition of IBM healthcare data and analytics assets. This acquisition provided the company with an enhanced platform for hybrid cloud and AI strategy in the healthcare market.. Key drivers for this market are: Modernization of Healthcare Infrastructure is Boosting the Demand for Smart Hospitals, Increasing Penetration of Connected Devices and Instruments in Hospitals. Potential restraints include: High Cost of Connected Systems. Notable trends are: Software Segment is Expected to Show Significant Growth.

The booming Smart Hospitals market is projected to exceed $150 billion by 2033, driven by AI, IoT, and big data. Explore key market trends, leading companies (Medtronic, Philips, Siemens), and regional growth in this comprehensive analysis.

Outpatient vigilance should play a key role in the growth of smart hospitals. In 2021, the global smart hospital market was valued at **** billion U.S. dollars, from which * billion were linked to the vigilance of outpatients. According to future estimations, outpatient vigilance in smart hospitals was forecast to increase in value and reach nearly ** billion U.S dollars in 2026.

According to Cognitive Market Research, the global Smart Hospital Market size is USD 63.49 billion in 2024 and will expand at a compound annual growth rate (CAGR) of 24.0% from 2024 to 2031. Market Dynamics of Smart Hospital Market

Key Drivers for Smart Hospital Market

Increasing Support from the Government- Government laws and programs aiming to improve healthcare infrastructure and digitize healthcare are pushing hospitals to implement smart hospital solutions. Smart technology investments are becoming increasingly necessary for hospitals to meet requirements, including those related to digital health records and medical information management. Rapid technological advancements in areas like gadgets, machines, AI, and the IoT are propelling the use of smart solutions in healthcare facilities.

Key Restraints for Smart Hospital Market

The high cost of essential elements like software development, market acceptability, hardware acquisitions, and staff education is a barrier to the growth of the smart hospital sector. Data security and privacy concerns arise from the acquisition, storage, and transmission of sensitive patient information through smart hospital technologies. Introduction of the Smart Hospital Market

The smart hospital unifies the hospital's formerly siloed clinical and business processes and resources by combining digital and physical assets into a single framework. Consequently, smart hospitals obtain extensive data access throughout the healthcare ecosystem, including hospitals, clinics, providers, and more. They also experience accelerated clinical workflows, improved patient journeys, and the capacity to incorporate new market ideas that could save lives. The availability of sophisticated products and the emergence of new competitors are the main factors fueling this market's expansion. Manufacturers are also investing much in research and development to bring innovative smart devices to consumers.

The global smart hospitals market is projected to be valued at approximately $35 billion in 2024, driven by factors such as increasing consumer awareness and the rising prevalence of industry-specific trends. The market is expected to grow at a CAGR of about 9%, reaching approximately $85 billion by 2034.

Explore the rapidly growing Smart Hospital Market, projected to reach USD 60.35 billion by 2025 with a 19.71% CAGR. Discover key drivers, applications like EHR & RPM, and leading companies shaping the future of healthcare technology. Key drivers for this market are: Modernization of Healthcare Infrastructure is Boosting the Demand for Smart Hospitals, Increasing Penetration of Connected Devices and Instruments in Hospitals. Potential restraints include: High Cost of Connected Systems. Notable trends are: Software Segment is Expected to Show Significant Growth.

Indonesia Smart Hospitals and AI Diagnostics Market valued at USD 230 million, driven by AI adoption, IoT systems, and government initiatives for enhanced healthcare efficiency and patient care.

Global smart hospitals market is expected to grow from USD 63.42 billion in 2024 to USD 77.79 billion in 2025 and USD 396.05 billion by 2035, at CAGR of 17.7%

Global Smart Hospitals Market is segmented by Application (Hospitals_ Healthcare Providers_ Patients), Type (Healthcare_ Technology_ IoT_ Hospital Management_ Patient Care), and Geography (North America_ LATAM_ West Europe_Central & Eastern Europe_ Northern Europe_ Southern Europe_ East Asia_ Southeast Asia_ South Asia_ Central Asia_ Oceania_ MEA)