According to the latest report by IMARC Group, “Smart Hospitals Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027“, The global smart hospitals market is expected to exhibit a CAGR of 17.3% during 2022-2027.

Smart hospitals are medical facilities that rely on automated processes and digitally integrated information management systems (IMSs) to improve existing patient care procedures. They provide seamless communication, telemedicine services, convenient diagnostics, real-time updates, and optimal data maintenance. Besides this, they help optimize the delivery of healthcare services and enhance clinical outcomes.

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Market Trends

The coronavirus disease (COVID-19) outbreak has increased the need for smart hospitals across the globe to manage patients remotely. Moreover, the rising prevalence of chronic diseases and considerable growth in the healthcare industry are bolstering the market growth. In addition, the introduction of m-health applications, which are integrated with artificial intelligence (AI), the internet of things (IoT), cloud computing solutions, and electronic health record (EHR) systems, is favoring the market growth. Apart from this, inflating income levels, rapid urbanization and increasing consumer expenditures on high-end medical care are creating a positive outlook for the market.

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.

  • 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 Offering, Product, Application, End-Use, 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

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