Smart Hospital Market Size

Smart Hospital Market size was registered a valuation of USD 50.16 billion in 2024 and is projected to reach USD 394.85 billion in 2037, expanding a profitable CAGR of 17.2% during the forecast period, i.e., 2025-2037. In 2025, the industry size of smart hospital is assessed at USD 58.79 billion. The primary growth driver driving the smart hospital market is the increasing adoption of the Internet of Things (IoT) and Artificial Intelligence (AI) in healthcare. These technologies enable hospitals to enhance patient care, improve operational efficiency, and streamline processes through connected devices, automation, and data analytics.

Several IoT healthcare devices are playing a significant role in driving the smart hospital market, enhancing patient care and overall hospital management. Devices such as smartwatches, fitness trackers, and biosensors continuously monitor vital signs including heart rate, oxygen levels, and blood pressure. According to OMRON Corporate, global blood pressure monitor sales in 2020 grew to 2.4 million and is achieving a 20% year-on-year increase. Moreover, IoT-enabled beds in hospitals can track patient movement, monitor vital signs, and detect if a patient is trying to get out of bed, which can help reduce fall risks, and improve overall patient safety. These beds are integrated into hospital management systems to provide real-time data on bed occupancy and patient status.

IoT facilitates real-time monitoring and asset management, while AI is revolutionizing diagnostics, predictive analytics, and personalized treatment, making hospitals more efficient and responsive to patient needs. This trend is at the core of the digital transformation in healthcare, fueling the demand for smart hospital market.