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Smart Hospitals Market Expected to Rise at 17.1% CAGR during 2023-2028 | IMARC Group

The global smart hospitals market is primarily driven by the growing demand for enhanced patient outcomes and experiences. Moreover, the incorporation of digital tools and intelligent systems empowers healthcare providers to deliver timely and accurate diagnoses, thus improving patient outcomes and satisfaction.
Published 08 December 2023

IMARC Group's report titled “Smart Hospitals Market Report by Component (Hardware, Software, Services), Product (mHealth, Telemedicine, Smart Pills, Electronic Health Record, and Others), Services Offered (General Services, Specialty, Super Specialty), Connectivity (Wireless, Wired), Technology (Artificial Intelligence, Internet of Things, Cloud Computing, Big Data, and Others), Application (Remote Medicine Management, Electronic Health Record & Clinical Workflow, Outpatient Vigilance, Medical Connected Imaging, Medical Assistance, and Others), and Region 2023-2028“, The global smart hospitals market is expected to exhibit a growth rate (CAGR) of 17.1% during 2023-2028. This report can serve as an excellent guide for investors, researchers, consultants, marketing strategists and all those who are planning to foray into the market in any form.

Smart hospitals represent a transformative evolution in healthcare, integrating advanced technologies to enhance patient care, streamline operations, and improve overall efficiency. These cutting-edge healthcare facilities leverage innovative solutions such as Internet of Things (IoT) devices, real-time data analytics, and artificial intelligence (AI) to create a connected ecosystem. By seamlessly integrating medical devices, electronic health records, and patient monitoring systems, smart hospitals enable healthcare professionals to make informed decisions swiftly, resulting in more precise diagnoses and tailored treatments. This interconnectedness also extends to patients, who benefit from personalized healthcare experiences and remote monitoring, enhancing their well-being beyond the hospital walls. As a result, the integration of smart technologies fosters a dynamic environment where medical practitioners, administrators, and patients collaborate harmoniously, reshaping the healthcare landscape.

For an in-depth analysis, you can refer sample copy of the report:

Smart Hospitals Market Trends and Drivers:

The global smart hospitals market is primarily driven by the growing demand for enhanced patient outcomes and experiences. Moreover, the incorporation of digital tools and intelligent systems empowers healthcare providers to deliver timely and accurate diagnoses, thus improving patient outcomes and satisfaction. Additionally, the imperative to optimize resource utilization and operational efficiency further accelerates the adoption of smart technologies in healthcare settings. Automated workflows, predictive maintenance for medical equipment, and real-time patient tracking help optimize resource allocation, minimizing waste and enhancing cost-effectiveness. Furthermore, the rising need for remote healthcare services fuels the expansion of smart hospitals. Telemedicine, remote monitoring, and virtual consultations have gained immense traction, especially after the COVID-19 outbreak. Smart hospitals leverage these trends to offer patients convenient and accessible healthcare options. As healthcare becomes more patient-centric, the market is witnessing a heightened emphasis on data security and privacy. Besides this, the implementation of stringent regulations and robust cybersecurity measures to safeguard patient information in this digitally connected ecosystem is positively influencing market growth.

Smart Hospitals Market 2023-2028 Analysis and Segmentation:

Competitive Landscape:

The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.

Some of these key players include:

  • 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.).

The report has segmented the market on the basis of Component, Product, Services Offered, Technology, Application and Region.

Breakup by Component:

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

Breakup by Product:

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

Breakup by Service Offered:

  • General Services
  • Specialty
  • Super Specialty

Breakup by Connectivity:

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

Breakup by Technology:

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

Breakup by Application:

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

Market 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

Ask Analyst for Sample Report:

Note: 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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