Global Smart Hospital Market By Component (Software, Hardware, Services), By Technology (Cloud Computing, Artificial Intelligence, Wearable Technologies, Radio Frequencies Identification, Others), By Application (Remote Medicine Management, Medical Connected Imaging, Medical Assistance, Electronic Health Record & Clinical Work Flow, and Outpatient Vigilance), By Connectivity (Wired, Wireless), and Geography  

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Smart Hospital Market is estimated to reach USD 67500.60 Million by 2028 growing at a CAGR of 24% during 2022- 2028 owing increasing occurrence of chronic diseases and rising need for the cost-effective solutions in hospitals and modernization of healthcare infrastructure fuels demand for smart hospitals. Moreover, Development of IoT technologies in healthcare, increasing penetration of connected devices and instruments in hospitals and rising government investments in healthcare sector and growth potential in emerging countries boosts the growth of the market over the forecast period. Global smart hospital market report gives comprehensive outlook on smart hospital across the globe with special emphasis on key regions such as North America, Europe, Asia Pacific, Latin America, and Middle East and Africa. This report studies global smart hospital market dynamics elaborately to identify the current trends & drivers, future opportunities and possible challenges to the key stakeholders operating in the market. In addition, global smart hospital market report includes human demographics; regulatory scenario, and competition analysis with vividly illustrated the competition dashboard to assess the market competition. Moreover, PBI analyzed global smart hospital market to better equip clients with possible investment opportunities across the regions (regional Investment Hot-Spots) and market unmet needs (Product Opportunities). Smart hospitals are handling the epidemic better than non-smart hospitals. Because of the use of technology, they are able to maintain more social distance. Physicians can obtain real-time data from patients without having to visit them in their beds. In comparison to hospitals that do not use technology, these institutions can also inform the entire number of beds that are accessible. Social distance regulations, as well as other limits imposed by the COVID-19 outbreak, provide smart hospitals with more chances for remote consultations, symptom tracking, and follow-ups.

Global Smart Hospital Market Summary

Study Period


Base Year




Largest Market

North America

Fastest Growing Market

Asia Pacific
Smart Hospital Market Growth

Healthcare IT systems and instruments are fairly high-priced solutions. Moreover, the maintenance and software update costs of these systems are on higher side. Support and maintenance services, which includes software upgrades according to user’s requirement, represent a recurring expenditure amounting to almost 30% of the total cost of the ownership. Moreover, lack of internal IT expertise in the healthcare industry and high cost of connected systems, increasing interoperability risk and lack of governance standards are the major impeding factors for the market.

Key Features of the Reports

  • The report provides granular level information about the market size, regional market share, historic market (2017-2021) and forecast (2022-2028)
  • The report covers in-detail insights about the competitor’s overview, company share analysis, key market developments, and their key strategies
  • The report outlines drivers, restraints, unmet needs, and trends that are currently affecting the market
  • The report tracks recent innovations, key developments and startup’s details that are actively working in the market
  • The report provides plethora of information about market entry strategies, regulatory framework and reimbursement scenario
  • The report analyses the impact of socio-political environment through PESTLE Analysis and competition through Porter’s Five Force Analysis in addition to recent technology advancements and innovations in the market

Global Smart Hospital Market Segmentation

  • Software
  • Hardware
  • Services
  • Cloud Computing
  • Artificial Intelligence
  • Wearable Technologies
  • Radio Frequencies Identification
  • Others
  • Remote Medicine Management
  • Medical Connected Imaging
  • Medical Assistance
  • Electronic Health Record & Clinical Work Flow
  • Outpatient Vigilance
  • Wired
  • Wireless

Frequently Asked Questions

The smart hospital market is projected to expand at a CAGR of 5.7% during the forecast period  

Medtronic, Philips, GE Healthcare, Siemens AG, Qualcomm Life

North America is the fastest-growing region for smart hospital market

  • Medtronic (Ireland)
  • Philips (Netherlands)
  • GE Healthcare (US)
  • Siemens AG (Germany)
  • Qualcomm Life (US)
  • Allengers (India)
  • Athenahealth (US)
  • AdhereTech (US)
  • Cerner Corporation (US)
  • McKesson (US)
  • Jude Medical (US)
  • SAMSUNG (South Korea)
  • Renesas Electronics Corporation (Japan)
  • Honeywell Life Care Solutions (US)