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 2022 and is poised to grow at a CAGR of 24% from 2023- 2029. 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

2024-2030

Base Year

2023

CAGR

24%

Largest Market

North America

Fastest Growing Market

Asia Pacific
Smart Hospital Market Dynamics

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 (2018-2022) and forecast (2023-2029)
  • The report covers in-detail insights about the competitors 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 startups 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 Porters Five Force Analysis in addition to recent technology advancements and innovations in the market

Global Smart Hospital Market Segmentation

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
  • Outpatient Vigilance
By Connectivity
  • 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

1. Executive Summary
2. Global Smart Hospital Market Introduction 
2.1.Global Smart Hospital Market  - Taxonomy
2.2.Global Smart Hospital Market  - Definitions
2.2.1.Component
2.2.2.Technology
2.2.3.Application
2.2.4.Connectivity
2.2.5.Region
3.Global Smart Hospital Market Dynamics
3.1. Drivers
3.2. Restraints
3.3. Opportunities/Unmet Needs of the Market
3.4. Trends
3.5. Product Landscape
3.6. New Product Launches
3.7. Impact of COVID 19 on Market
4. Global Smart Hospital Market Analysis, 2018 - 2022 and Forecast 2023 - 2029
4.1.  Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029, (Sales Value USD Million)
4.2.  Year-Over-Year (Y-o-Y) Growth Analysis (%) 
4.3.  Market Opportunity Analysis 
5. Global Smart Hospital Market  By Component, 2018 - 2022 and Forecast 2023 - 2029 (Sales Value USD Million)
5.1. Software
5.1.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029, (Sales Value USD Million)
5.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
5.1.3. Market Opportunity Analysis 
5.2. Hardware
5.2.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029, (Sales Value USD Million)
5.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
5.2.3. Market Opportunity Analysis 
5.3. Services
5.3.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029, (Sales Value USD Million)
5.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
5.3.3. Market Opportunity Analysis 
6. Global Smart Hospital Market  By Technology, 2018 - 2022 and Forecast 2023 - 2029 (Sales Value USD Million)
6.1. Cloud Computing
6.1.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029, (Sales Value USD Million)
6.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
6.1.3. Market Opportunity Analysis 
6.2. Artificial Intelligence
6.2.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029, (Sales Value USD Million)
6.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
6.2.3. Market Opportunity Analysis 
6.3. Wearable Technologies
6.3.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029, (Sales Value USD Million)
6.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
6.3.3. Market Opportunity Analysis 
6.4. Radio Frequencies Identification
6.4.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029, (Sales Value USD Million)
6.4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
6.4.3. Market Opportunity Analysis 
6.5. Others
6.5.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029, (Sales Value USD Million)
6.5.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
6.5.3. Market Opportunity Analysis 
7. Global Smart Hospital Market  By Application, 2018 - 2022 and Forecast 2023 - 2029 (Sales Value USD Million)
7.1. Remote Medicine Management
7.1.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029, (Sales Value USD Million)
7.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
7.1.3. Market Opportunity Analysis 
7.2. Medical Connected Imaging
7.2.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029, (Sales Value USD Million)
7.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
7.2.3. Market Opportunity Analysis 
7.3. Medical Assistance
7.3.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029, (Sales Value USD Million)
7.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
7.3.3. Market Opportunity Analysis 
7.4. Electronic Health Record & Clinical Work Flow
7.4.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029, (Sales Value USD Million)
7.4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
7.4.3. Market Opportunity Analysis 
7.5. Outpatient Vigilance
7.5.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029, (Sales Value USD Million)
7.5.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
7.5.3. Market Opportunity Analysis 
8. Global Smart Hospital Market  By Connectivity, 2018 - 2022 and Forecast 2023 - 2029 (Sales Value USD Million)
8.1. Wired
8.1.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029, (Sales Value USD Million)
8.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
8.1.3. Market Opportunity Analysis 
8.2. Wireless
8.2.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029, (Sales Value USD Million)
8.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
8.2.3. Market Opportunity Analysis 
9. Global Smart Hospital Market  By Region, 2018 - 2022 and Forecast 2023 - 2029 (Sales Value USD Million)
9.1. North America
9.1.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029, (Sales Value USD Million)
9.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
9.1.3. Market Opportunity Analysis 
9.2. Europe
9.2.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029, (Sales Value USD Million)
9.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
9.2.3. Market Opportunity Analysis 
9.3. Asia Pacific (APAC)
9.3.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029, (Sales Value USD Million)
9.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
9.3.3. Market Opportunity Analysis 
9.4. Middle East and Africa (MEA)
9.4.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029, (Sales Value USD Million)
9.4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
9.4.3. Market Opportunity Analysis 
9.5. Latin America
9.5.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029, (Sales Value USD Million)
9.5.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
9.5.3. Market Opportunity Analysis 
10. North America Smart Hospital Market ,2018 - 2022 and Forecast 2023 - 2029 (Sales Value USD Million)
10.1. Component Analysis 2018 - 2022 and Forecast 2023 - 2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
10.1.1.Software
10.1.2.Hardware
10.1.3.Services
10.3.  Application Analysis 2018 - 2022 and Forecast 2023 - 2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
10.3.1.Remote Medicine Management
10.3.2.Medical Connected Imaging
10.3.3.Medical Assistance
10.3.4.Electronic Health Record & Clinical Work Flow
10.3.5.Outpatient Vigilance
10.4.  Connectivity Analysis 2018 - 2022 and Forecast 2023 - 2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
10.4.1.Wired
10.4.2.Wireless
10.5.  Country Analysis 2018 - 2022 and Forecast 2023 - 2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
10.5.1.United States of America (USA)
10.5.2.Canada
11. Europe Smart Hospital Market ,2018 - 2022 and Forecast 2023 - 2029 (Sales Value USD Million)
11.1. Component Analysis  and Forecast  by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
11.1.1.Software
11.1.2.Hardware
11.1.3.Services
11.2.  Technology Analysis 2018 - 2022 and Forecast 2023 - 2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
11.2.1.Cloud Computing
11.2.2.Artificial Intelligence
11.2.3.Wearable Technologies
11.2.4.Radio Frequencies Identification
11.2.5.Others
11.3.  Application Analysis 2018 - 2022 and Forecast 2023 - 2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
11.3.1.Remote Medicine Management
11.3.2.Medical Connected Imaging
11.3.3.Medical Assistance
11.3.4.Electronic Health Record & Clinical Work Flow
11.3.5.Outpatient Vigilance
11.4.  Connectivity Analysis 2018 - 2022 and Forecast 2023 - 2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
11.4.1.Wired
11.4.2.Wireless
11.5.  Country Analysis 2018 - 2022 and Forecast 2023 - 2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
11.5.1.Germany
11.5.2.France
11.5.3.Italy
11.5.4.United Kingdom (UK)
11.5.5.Spain
11.5.6.Rest of EU
12. Asia Pacific (APAC) Smart Hospital Market ,2018 - 2022 and Forecast 2023 - 2029 (Sales Value USD Million)
12.1. Component Analysis  and Forecast  by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
12.1.1.Software
12.1.2.Hardware
12.1.3.Services
12.2.  Technology Analysis 2018 - 2022 and Forecast 2023 - 2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
12.2.1.Cloud Computing
12.2.2.Artificial Intelligence
12.2.3.Wearable Technologies
12.2.4.Radio Frequencies Identification
12.2.5.Others
12.3.  Application Analysis 2018 - 2022 and Forecast 2023 - 2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
12.3.1.Remote Medicine Management
12.3.2.Medical Connected Imaging
12.3.3.Medical Assistance
12.3.4.Electronic Health Record & Clinical Work Flow
12.3.5.Outpatient Vigilance
12.4.  Connectivity Analysis 2018 - 2022 and Forecast 2023 - 2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
12.4.1.Wired
12.4.2.Wireless
12.5.  Country Analysis 2018 - 2022 and Forecast 2023 - 2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
12.5.1.China
12.5.2.India
12.5.3.Australia and New Zealand (ANZ)
12.5.4.Japan
12.5.5.Rest of APAC
13. Middle East and Africa (MEA) Smart Hospital Market ,2018 - 2022 and Forecast 2023 - 2029 (Sales Value USD Million)
13.1. Component Analysis  and Forecast  by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
13.1.1.Software
13.1.2.Hardware
13.1.3.Services
13.2.  Technology Analysis 2018 - 2022 and Forecast 2023 - 2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
13.2.1.Cloud Computing
13.2.2.Artificial Intelligence
13.2.3.Wearable Technologies
13.2.4.Radio Frequencies Identification
13.2.5.Others
13.3.  Application Analysis 2018 - 2022 and Forecast 2023 - 2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
13.3.1.Remote Medicine Management
13.3.2.Medical Connected Imaging
13.3.3.Medical Assistance
13.3.4.Electronic Health Record & Clinical Work Flow
13.3.5.Outpatient Vigilance
13.4.  Connectivity Analysis 2018 - 2022 and Forecast 2023 - 2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
13.4.1.Wired
13.4.2.Wireless
13.5.  Country Analysis 2018 - 2022 and Forecast 2023 - 2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
13.5.1.GCC Countries
13.5.2.South Africa
13.5.3.Rest of MEA
14. Latin America Smart Hospital Market ,2018 - 2022 and Forecast 2023 - 2029 (Sales Value USD Million)
14.1. Component Analysis  and Forecast  by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
14.1.1.Software
14.1.2.Hardware
14.1.3.Services
14.2.  Technology Analysis 2018 - 2022 and Forecast 2023 - 2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
14.2.1.Cloud Computing
14.2.2.Artificial Intelligence
14.2.3.Wearable Technologies
14.2.4.Radio Frequencies Identification
14.2.5.Others
14.3.  Application Analysis 2018 - 2022 and Forecast 2023 - 2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
14.3.1.Remote Medicine Management
14.3.2.Medical Connected Imaging
14.3.3.Medical Assistance
14.3.4.Electronic Health Record & Clinical Work Flow
14.3.5.Outpatient Vigilance
14.4.  Connectivity Analysis 2018 - 2022 and Forecast 2023 - 2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
14.4.1.Wired
14.4.2.Wireless
14.5.  Country Analysis 2018 - 2022 and Forecast 2023 - 2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
14.5.1.Brazil
14.5.2.Mexico
14.5.3.Rest of LA
15. Competition Landscape
15.1.  Market Player Profiles (Introduction, Brand/Product Sales, Financial Analysis, Product Offerings, Key Developments, Collaborations, M & A, Strategies, and SWOT Analysis) 
15.2.1.Medtronic (Ireland)
15.2.2.Philips (Netherlands)
15.2.3.GE Healthcare (US)
15.2.4.Siemens AG (Germany)
15.2.5.Qualcomm Life (US)
15.2.6.Allengers (India)
16. Research Methodology 
17. Appendix and Abbreviations 
  • 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)

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