In 2021, the total number of smart hospitals in North America amounted to 274. By 2026, it is projected that the number of smart hospitals will increase to 467. 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.

In 2021, the global number of smart hospitals amounted to 1,090. By 2026, the total number of smart hospitals is projected to nearly double and reach 2,009. 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 report segments the industry into By Component (Hardware, Software, Services), By Application (Electronic Health Record, Remote Patient Monitoring, Pharmacy Automation, Medical Asset Tracking, Other Applications), and By Geography (North America, Europe, Asia-Pacific, Rest of the World). Get five years of historical data alongside five-year market forecasts.

The global smart hospital market size was around USD 50.41 billion in 2024 and is likely to expand at a CAGR of more than 17.2%, surpassing USD 396.8 billion revenue by 2037. Hardware segment is anticipated to hold 63% industry share, due to rising adoption of medical wearables and diagnostic equipment.

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%

Smart Hospitals Market Outlook

According to our latest research, the global smart hospitals market size reached USD 52.7 billion in 2024, reflecting robust adoption of digital health technologies across healthcare institutions worldwide. The market is expected to grow at a CAGR of 20.5% from 2025 to 2033, reaching a forecasted value of USD 320.1 billion by 2033. This impressive growth trajectory is primarily driven by the rising demand for advanced healthcare infrastructure, increased integration of Internet of Things (IoT), Artificial Intelligence (AI), and big data analytics, as well as the urgent need to improve patient outcomes and operational efficiency in hospitals. As per our latest research, the surge in healthcare digitization and government initiatives supporting smart healthcare solutions are pivotal growth factors shaping the future of the smart hospitals market.

One of the key growth drivers for the smart hospitals market is the rapid advancement and adoption of digital health technologies. Hospitals globally are increasingly leveraging AI, IoT, and big data analytics to streamline operations, enhance patient care, and reduce costs. These technologies enable real-time monitoring, predictive analytics, and automation of routine tasks, which collectively drive significant improvements in efficiency and patient outcomes. The integration of smart devices and sensors allows for continuous patient monitoring and early detection of critical health issues, thereby reducing hospital readmission rates and improving overall healthcare delivery. Moreover, the growing awareness among healthcare providers about the benefits of digital transformation and the availability of scalable smart hospital solutions are accelerating market growth.

Another substantial factor fueling the expansion of the smart hospitals market is the increasing prevalence of chronic diseases and the aging global population. With the rise in chronic conditions such as diabetes, cardiovascular diseases, and respiratory disorders, healthcare systems are under mounting pressure to deliver better patient management and care coordination. Smart hospitals offer innovative solutions such as remote medicine management, electronic health records (EHRs), and outpatient vigilance systems that facilitate timely interventions and personalized care plans. These advancements are particularly beneficial in managing large volumes of patient data and ensuring seamless communication across departments, which is essential for effective chronic disease management. As a result, healthcare providers are investing heavily in upgrading their infrastructure to smart hospital models.

The COVID-19 pandemic has further accelerated the adoption of smart hospital technologies, highlighting the critical need for remote monitoring, telemedicine, and contactless healthcare services. During the pandemic, hospitals worldwide faced unprecedented challenges related to patient surges, infection control, and resource allocation. Smart hospital solutions enabled healthcare providers to maintain continuity of care, optimize resource utilization, and enhance patient safety through automated workflows and remote consultations. This shift has not only reinforced the value proposition of smart hospitals but has also led to sustained investments in digital health infrastructure post-pandemic. The ongoing emphasis on infection prevention, patient safety, and operational resilience continues to drive the smart hospitals market forward.

From a regional perspective, North America currently dominates the smart hospitals market, accounting for the largest share in 2024, followed by Europe and Asia Pacific. The high adoption rate of advanced healthcare technologies, well-established healthcare infrastructure, and significant investments in research and development contribute to North America's leadership position. Meanwhile, Asia Pacific is witnessing the fastest growth, driven by increasing healthcare expenditure, rapid urbanization, and government initiatives to modernize healthcare systems. Europe also presents lucrative growth opportunities, supported by favorable regulatory frameworks and rising demand for efficient healthcare delivery. Latin America and the Middle East & Africa are gradually catching up, with growing awareness and investments in smart healthcare solutions. This regional diversification is expected to further propel the global smart hospitals market in the coming years.

In 2021, total smart healthcare spending by smart hospitals in North America stood at some 11.2 billion U.S. dollars. By 2026, it is projected that total spending will increase to nearly 20 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.

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 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.

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.

The global smart hospital market is experiencing robust growth, projected to reach $60.35 billion in 2025 and maintain a Compound Annual Growth Rate (CAGR) of 19.71% from 2025 to 2033. This expansion is fueled by several key factors. The increasing adoption of electronic health records (EHRs) streamlines patient care, improves data management, and reduces administrative burdens. Simultaneously, the rising prevalence of chronic diseases necessitates remote patient monitoring (RPM) solutions, enabling proactive care and reducing hospital readmissions. Furthermore, the demand for enhanced operational efficiency is driving investments in pharmacy automation and medical asset tracking systems. Technological advancements in areas like artificial intelligence (AI) and the Internet of Things (IoT) are further accelerating market growth by offering innovative solutions for improved diagnostics, treatment, and patient experience. Key players like Koninklijke Philips, GE Healthcare, and Medtronic are actively contributing to this growth through the development and deployment of advanced smart hospital technologies. The market segmentation reveals significant opportunities across various components (hardware, software, services) and applications. While hardware forms a substantial portion of the market, the software and services segments are witnessing accelerated growth due to the increasing demand for data analytics, cloud-based solutions, and AI-powered applications. North America currently holds a dominant market share, driven by early adoption of advanced technologies and robust healthcare infrastructure. However, the Asia-Pacific region is expected to exhibit the highest growth rate during the forecast period due to rising healthcare expenditure, increasing technological investments, and a growing focus on improving healthcare infrastructure. Regulatory support and government initiatives promoting digital healthcare are also influencing market growth across various regions. Despite these positive trends, challenges such as high initial investment costs and data security concerns may act as potential restraints on market expansion. 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: Modernization of Healthcare Infrastructure is Boosting the Demand for Smart Hospitals, Increasing Penetration of Connected Devices and Instruments in Hospitals. Notable trends are: Software Segment is Expected to Show Significant Growth.

Smart Hospitals Market Outlook

Globally, the smart hospitals market size is projected to grow from an estimated USD 45.6 billion in 2023 to USD 248.7 billion by 2032, reflecting an impressive CAGR of 20.4% during the forecast period. This exponential growth is driven by the increasing adoption of advanced technologies such as AI, IoT, and cloud computing in healthcare, coupled with the rising need for efficient healthcare services and patient management systems.

The integration of advanced technologies in healthcare systems is one of the primary growth factors for the smart hospitals market. Artificial Intelligence (AI) and Machine Learning (ML) are being increasingly utilized to predict patient outcomes, personalize treatment plans, and improve operational efficiencies. AI algorithms can analyze vast amounts of data quickly and accurately, providing insights that can help in early diagnosis and treatment of diseases. This not only improves patient outcomes but also reduces the burden on healthcare professionals, leading to more streamlined operations within hospitals.

Another significant growth driver is the Internet of Things (IoT), which enables the interconnection of various medical devices and systems within a hospital. IoT facilitates real-time monitoring of patients, ensuring timely intervention and treatment. For instance, wearable devices can continuously monitor vital signs and alert healthcare providers if any abnormalities are detected. This continuous monitoring can significantly reduce response times in critical situations, thereby improving patient care and outcomes. Additionally, IoT helps in asset tracking and management, ensuring that medical equipment is always available and functioning optimally.

Cloud computing is also a crucial enabler of smart hospitals, providing a platform for storing and analyzing vast amounts of healthcare data. Cloud-based systems allow for seamless sharing of information between different departments and even between different hospitals, facilitating coordinated care. This is particularly beneficial in managing chronic diseases, where a patient's data needs to be accessed and updated by multiple healthcare providers. Moreover, cloud computing supports telemedicine and remote patient monitoring, which are becoming increasingly important in the current healthcare landscape.

The concept of IoT Smart Healthcare is revolutionizing the way patient care is delivered in smart hospitals. By leveraging IoT, healthcare providers can create a network of interconnected devices that continuously monitor patient health metrics. This real-time data collection allows for proactive healthcare management, enabling timely interventions and reducing the likelihood of medical emergencies. IoT Smart Healthcare also facilitates personalized treatment plans by providing healthcare professionals with comprehensive insights into a patient's health, thereby improving outcomes and enhancing the overall patient experience. As the adoption of IoT in healthcare continues to grow, it is expected to play a pivotal role in shaping the future of smart hospitals, driving efficiency, and improving patient satisfaction.

Regionally, North America holds a significant share of the smart hospitals market, primarily due to the high adoption rate of advanced technologies and the presence of well-established healthcare infrastructure. Europe follows closely, driven by government initiatives to promote digital health and investments in healthcare IT. The Asia Pacific region is expected to witness the highest growth rate, attributed to the increasing healthcare expenditure, growing awareness about the benefits of smart hospitals, and the rising prevalence of chronic diseases. Latin America and the Middle East & Africa are also showing promising growth, albeit at a slower pace, due to improving healthcare infrastructure and increasing investments in digital health technologies.

Component Analysis

The component segment of the smart hospitals market includes hardware, software, and services. Hardware components encompass a wide range of devices such as sensors, wearable devices, smart medical devices, and networking equipment. These devices are fundamental to the functioning of a smart hospital, providing the necessary infrastructure for data collection, monitoring, and communication. The growing demand for advanced diagnostic and monitoring devices is driving the hardware segment, with hospitals increasingly investing in state-of-the-ar

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 size of the Smart Hospitals Market was valued at USD XX Million in 2023 and is projected to reach USD XXX Million by 2032, with an expected CAGR of XXX% during the forecast period.Smart hospitals are healthcare facilities that utilize advanced technologies, such as Internet of Things (IoT) devices, artificial intelligence (AI), machine learning, and data analytics, to enhance patient care, improve operational efficiency, and streamline administrative processes. These hospitals leverage digital systems for real-time monitoring of patients' health, automated diagnostic tools, and personalized treatment plans. Smart hospitals also use electronic health records (EHRs), remote patient monitoring, and robotics to support both patients and healthcare professionals. By integrating these technologies, smart hospitals aim to provide more accurate, efficient, and cost-effective healthcare services, while also improving patient outcomes and experiences. The increasing demand for improved patient care, government initiatives supporting digital healthcare transformation, and technological advancements drive this growth. Smart hospitals integrate information technology, medical devices, and data analytics to enhance healthcare delivery, optimize operations, and improve patient outcomes.

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.

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.

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%

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 Hospital market Reached USD 22.2 billion in 2018, and is expected to be USD 83.1 billion by 2026, registering a CAGR of 18.0% during 2019-2026.

Smart Hospital Beds Market size is estimated to grow at a CAGR of around 12.5% during the forecast period 2024-30. The expanding scope of remote patient monitoring is a key opportunity driving the market.