Smart Hospital Market Analysis

Component (Hardware, Software, and Services)

The hardware segment in the smart hospital market is estimated to exceed USD 250.32 billion by the end of 2037. The increasing adoption of hardware components such as medical devices and wearables, robotics and automation equipment, IoT sensors, and security sensors are propelling the growth of the global smart hospital market. Devices such as connected diagnostic tools, health monitors, and wearable devices like smartwatches and biosensors are key drivers of the segment's growth.  These devices help monitor patient vitals in real-time and are integral to remote patient monitoring and telemedicine solutions. According to a 2020 published survey report by the Pew Research Center, roughly 1 in 5 U.S. adults (21%) regularly wear a smartwatch or wearable fitness tracker.

Moreover, advanced medical imaging equipment, including MRI machines, CT scanners, and ultrasound devices integrated with AI, are helping smart hospitals offer faster, more accurate diagnostics and personalized treatment plans. Also, smart hospitals rely on massive amounts of data from patient records, diagnostics, and IoT devices. Cloud servers, data centers, and edge computing hardware are essential for strong, processing, and analyzing the data, enabling hospitals to implement AI-driven insights and real-time decision-making.

Application (Electronic Health Records, Medical Connected Imaging, and Remote Medicine Management)

The electronic health records (EHR) segment in smart hospital market is anticipated to grow significantly over the forecast period. Modern EHR systems are increasingly integrated with patient portals, allowing individuals to access their health records, track progress, schedule appointments, and communicate with healthcare providers. This enhanced patient engagement is a cornerstone of the smart hospital concept, where the focus is on a more patient-centric healthcare experience.

EHRs can be integrated with emerging technologies such as AI, MI, IoT devices, and telemedicine platforms. This integration enhances the capabilities of smart hospitals, enabling them to offer advanced diagnostic, monitoring, and treatment services.

Our in-depth analysis of the smart hospital market includes the following segments: