SMART HOSPITALS MARKET SIZE AND SHARE ANALYSIS - GROWTH TRENDS AND FORECASTS (2025-2032)

Smart hospital maximizes productivity due to digital transformation of the healthcare industry and provides better patient satisfaction and flexibility. Smart hospitals are playing a major role during the COVID-19 pandemic situation. Technology can aid social distancing between non-infected and infected patients and has been helpful in limiting the growth and spread of the virus. Hence, several market players are collaborating with healthcare organizations to provide smart hospital solutions which is expected to drive the growth of smart hospitals market during the forecast period. For instance, in July 2020, KT Corporation collaborated with the Asan Medical Center, South Korea, and Hyundai Robotics Co., to develop contactless medical services such as real-time health care tracking using wearables and remote diagnosis.

Market Dynamics

Key players are entering long term collaborations and agreements with healthcare providers in order to provide better and advanced healthcare services and facilities. This is expected to propel the growth of the global smart hospitals market during the forecast period. For instance, in 2017, Humber River Hospital started a Hospital Command Centre with GE Healthcare to monitor and manage the flow of patients at every stage of their care and treatment. Hence, such long term partnerships are encouraging technological advancement in healthcare sector which in turn is making the hospitals smarter and driving the market growth.

Rising launch of new applications and products is the major factor driving the market growth over the forecast period. For instance, in March 2021, Navia Life Care, a healthcare company, announced the launch of Navia Smart EMR 2.0, an integrated platform that allows doctors to create digital prescriptions and provides easier conversation with patients on online platform.

Key features of the study

• This report provides an in-depth analysis of global smart hospitals market, provides market size (US$ Million), and compound annual growth rate (CAGR %) for the forecast period 2025-2032, considering 2024 as the base year
• It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrix for this market
• This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, regional outlook, and competitive strategies adopted by the leading players
• It profiles leading players in the global smart hospitals market based on the following parameters – company overview, financial performance, product portfolio, geographical presence, distribution strategies, key developments and strategies, and future plans
• Key companies covered as a part of this study include Medtronic Plc., Koninklijke Philips N.V., GE Healthcare, Stanley Healthcare, Siemens AG, Athenahealth, Allscripts Healthcare Solutions, Inc., Microsoft Corporation, SAP SE, Samsung Healthcare, and Honeywell International Inc.
• Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launch, technology up-gradation, market expansion, and marketing tactics
• The global smart hospitals market report caters to various stakeholders in this industry including investors, suppliers, manufacturers, distributors, new entrants, and financial analysts
• Stakeholders would have ease in decision making through various strategy matrices used in analyzing the Smart hospitals market

Market Segmentation

• Component Insights
  • Hardware
  • Software System
  • Services
•  Technology Insights
  • Cloud Computing
  • Artificial Intelligence
  • Wearable Technologies
  • Radio Frequencies Identification
  • Others
•  Application Insights
  • Remote Medicine Management
  • Medical Connected Imaging
  • Medical Assistance
  • Electronic Health Record
  • Outpatient Vigilance
• Connectivity Insights
  • Wired
  • Wireless
• Regional Insights
  • North America
    • U.S.
    • Canada
  • Latin America
    • Brazil
    • Argentina
    • Mexico
    • Rest of Latin America
  • Europe
    • Germany
    • U.K.
    • Spain
    • France
    • Italy
    • Russia
    • Rest of Europe
  • Asia Pacific
    • China
    • India
    • Japan
    • Australia
    • South Korea
    • ASEAN
    • Rest of Asia Pacific
  • Middle East
    • GCC Countries
    • Israel
    • Rest of Middle East
  • Africa
    • South Africa
    • North Africa
    • Central Africa
• Global Smart Hospitals Market- Key Players
  • Medtronic Plc
  • Koninklijke Philips N.V.
  • GE Healthcare
  • Stanley Healthcare
  • Siemens Healthineers AG
  • Athenahealth
  • Allscripts Healthcare Solutions, Inc.
  • Microsoft Corporation
  • SAP SE
  • Samsung Healthcare
  • Honeywell International Inc.
  • Qualcomm Technologies, Inc.
  • Itrex Group
  • CitiusTech Inc.
  • TERSO SOLUTIONS, INC.