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Global Smart Hospitals Market

Published Nov 05, 2025
Length 283 Pages
SKU # DTAM20890083

Description

Smart Hospitals Market Size & Industry Outlook

The global smart hospitals market size reached US$ 58.82 billion in 2024 is expected to reach US$ 230.94 billion by 2033, growing at a CAGR of 16.5% during the forecast period 2025-2033. In recent years, hospitals have increasingly recognized that clinical excellence alone is no longer sufficient to ensure patient loyalty and trust experience, engagement, and personalization have become equally critical to healthcare delivery. This shift toward patient-centric care is a key driver behind the rapid growth of the smart hospitals market. Smart hospitals integrate advanced technologies such as artificial intelligence (AI), IoT-enabled devices, digital engagement platforms, and connected room systems to deliver seamless, customized, and proactive patient experiences.

Moreover, personalized patient experiences contribute directly to better clinical outcomes. Digital platforms help identify individual needs and preferences, leading to improved adherence to treatment plans and faster recovery times. Hospitals implementing these technologies often see measurable gains in patient satisfaction scores, lower readmission rates, and enhanced operational efficiency.

Key Highlights
• North America dominates the smart hospitals market with the largest revenue share of 43.5% in 2024.
• The Asia Pacific is the fastest-growing region and is expected to grow at the fastest CAGR of 8.1% over the forecast period.
• Based on component, software segment led the market with the largest revenue share of 45.1% in 2024.
• The major market players in the Smart Hospitals market includes eVideon, Artisight, Uniguest, Oneview Healthcare, Diligent Robotics, Andor Health and among others.

Market Dynamics

Drivers: Rising adoption of IoT, AI, and automation in healthcare driving the smart hospitals market growth

The integration of Internet of Things (IoT), Artificial Intelligence (AI), and automation technologies is one of the most transformative drivers of the global smart hospitals market. These technologies enable hospitals to move beyond traditional, reactive models of care toward predictive, data-driven, and highly efficient systems. By connecting medical devices, sensors, and hospital infrastructure, IoT creates an intelligent network that continuously gathers and analyzes patient data in real time. This helps clinicians make faster, more accurate decisions, reduces human error, and streamlines workflows across departments.

Restraints: High implementation and integration costs are hampering the growth of the smart hospitals market

One of the most significant barriers limiting the widespread adoption of smart hospital solutions is the high cost of implementation and system integration. Building a smart hospital requires substantial investment in digital infrastructure, including IoT sensors, connected medical devices, data management platforms, cybersecurity systems, and AI-powered software. For many healthcare providers—especially mid-sized and public hospitals—the financial burden of transitioning from legacy systems to fully digital environments remain prohibitive.

On average, the initial setup cost for a mid-sized smart hospital can range between USD 10 million and USD 50 million, depending on the scale of automation, interoperability requirements, and the complexity of existing hospital IT systems. Beyond hardware and software procurement, a large portion of expenditure goes toward system integration and staff training, which can account for up to 30–40% of total project costs.

Smart Hospitals Market, Segment Analysis

The global smart hospitals market is segmented based on component, technology, application, connectivity, end user and region.

Component: The software segment from component segment to dominate the smart hospitals market with a 45.1% share in 2024

The software segment is a key growth driver in the smart hospitals market, enabling integration of clinical, operational, and patient engagement systems. Hospitals are increasingly adopting AI-based analytics, workflow automation, EHRs, and virtual engagement platforms to enhance efficiency and decision-making. Platforms like Artisight’s Smart Hospital, ThinkAndor, and Vibe Health by eVideon demonstrate how intelligent software optimizes workflows and improves patient experiences.

The rise of cloud-based and interoperable solutions further supports scalability and cost efficiency. As healthcare shifts toward digital-first models, software platforms form the core infrastructure powering automation, connectivity, and real-time data intelligence in modern hospitals.

For instance, in June 2025, King Faisal Specialist Hospital & Research Centre (KFSHRC) is setting new benchmarks in global healthcare through its Smart Hospital initiative, which integrates AI, simulation, and immersive technologies across multiple departments. This digital transformation is enabling KFSHRC to advance clinical excellence, strengthen workforce training, and boost operational efficiency, reinforcing its position as a leader in next-generation healthcare delivery.

Technology: The artificial intelligence (AI) segment is estimated to have a 41.1% of the smart hospitals market share in 2024

The AI segment significantly drives the global smart hospitals market by transforming healthcare systems in patient care delivery, monitoring, and management. It empowers hospitals to analyze extensive clinical data in real time, automate decision-making processes, and predict health outcomes with improved accuracy. The integration of AI into diagnostics, workflow management, and patient engagement leads to marked improvements in clinical efficiency, error reduction, and enhanced patient safety.

For instance, in March 2025, The International Institute of Information Technology Hyderabad (IIITH) has partnered with AIG Hospitals to create the Centre for Digital Technologies in Healthcare (CDiTH). This collaboration enhances AIG Hospitals' status as a premier AI-driven medical facility, focused on the incorporation of artificial intelligence (AI) and digital technologies to advance patient care, optimize operational efficiency, and support medical research.

Smart Hospitals Market, Geographical Analysis

North America dominates the global Smart Hospitals market with a 43.5% in 2024

North America, particularly the United States, is leading in the adoption of smart hospitals due to its robust healthcare infrastructure, significant digital readiness, and substantial investments in artificial intelligence (AI) and Internet of Things (IoT) technologies. Hospitals in this region are increasingly using connected devices, electronic health records (EHRs), and automation tools aimed at enhancing patient outcomes and improving operational efficiency.

Notable healthcare providers like Mayo Clinic and Cleveland Clinic have been quick to adopt AI-driven workflow optimization and remote monitoring systems. Additionally, the shift towards value-based care, supported by government initiatives promoting health IT innovation, is further driving market expansion in North America.

For instance, in August 2025, Artisight is a pioneering Smart Hospital platform that autonomously documents operating room activities into a patient's electronic health record (EHR). Utilizing advanced AI and computer vision, it removes the necessity for clinicians and healthcare staff to manually record critical milestones during surgical procedures. This innovation not only enhances real-time updates that bolster patient satisfaction but also promotes a more efficient use of resources in high-demand settings.

Europe is the second region after North America which is expected to dominate the global smart hospitals market with a 34.5% in 2024

Europe's growth in smart hospitals is significantly influenced by government-led digitalization initiatives and robust regulatory frameworks that encourage healthcare innovation. Germany stands out as a leading center for smart hospital implementation, notably through the Hospital Future Act (KHZG), which allocates funding for digital infrastructure and AI-driven clinical applications.

German healthcare facilities are making considerable investments in interoperable health IT systems, enhancing cybersecurity, and utilizing AI for diagnostics to optimize workflows and increase patient safety. Additionally, the collaboration among established tech companies, hospitals, research entities, and digital health startups propels the widespread adoption of smart healthcare solutions throughout Europe.

The Asia Pacific region is the fastest-growing region in the global smart hospitals market, with a CAGR of 8.1% in 2024

The Asia Pacific region is rapidly growing in smart hospitals due to rising healthcare spending, urbanization, and government modernization initiatives. Countries like India, China, South Korea, and Singapore are investing in digital health ecosystems to address population demands and chronic diseases, adopting IoT devices, AI diagnostics, and telehealth platforms. Strategic partnerships, including collaborations with companies like Samsung and Fujitsu, are enhancing this digital transformation.

In Japan, an aging population drives the development of smart hospitals, supported by the government's push for Society 5.0, integrating robotics, IoT, and virtual care to address workforce shortages and improve patient management. Collaborations with firms such as Fujifilm and Hitachi are fostering innovation and positioning Japan as a key player in advanced smart hospital solutions in Asia.

Competitive Landscape

Top companies in the smart hospitals market include eVideon, Artisight, Uniguest, Oneview Healthcare, Diligent Robotics, Andor Health and among others.

Artisight:- Artisight plays a pivotal role in advancing the global smart hospitals market through its AI-powered Smart Hospital Platform, which combines computer vision, machine learning, and IoT connectivity to transform hospital operations and patient care. The platform enables real-time monitoring of patient rooms, automates routine clinical workflows, and enhances communication between care teams—all while ensuring data security and compliance.

The global smart hospitals market report delivers a detailed analysis with 62 key tables, more than 57 visually impactful figures, and 159 pages of expert insights, providing a complete view of the market landscape.

Table of Contents

283 Pages
1. Market Introduction and Scope
1.1. Objectives of the Report
1.2. Report Coverage & Definitions
1.3. Report Scope
2. Executive Insights and Key Takeaways
3. Market Highlights and Strategic Takeaways
3.1. Key Trends and Future Projections
3.2. Snippet by Component
3.3. Snippet by Technology
3.4. Snippet by Application
3.5. Snippet by Connectivity
3.6. Snippet by End User
3.7. Snippet by Region
4. Dynamics
4.1. Impacting Factors
4.1.1. Drivers
4.1.1.1. Rising Adoption of IoT, AI, and Automation in Healthcare
4.1.1.2. Increasing Demand for Integrated and Remote Patient Care
4.1.2. Restraints
4.1.2.1. High Implementation and Integration Costs
4.1.2.2. Data Privacy and Cybersecurity Concerns
4.1.3. Opportunity
4.1.3.1. Expansion of AI-enabled Clinical Decision Systems
5. Strategic Insights and Industry Outlook
5.1. Market Leaders and Pioneers
5.1.1. Emerging Pioneers and Prominent Players
5.1.2. Established Leaders with the Largest Marketing Brand
5.1.3. Market Leaders with Established Products
5.2. Latest Developments and Breakthroughs
5.3. Regulatory and Reimbursement Landscape
5.3.1. North America
5.3.2. Europe
5.3.3. Asia Pacific
5.3.4. South America
5.3.5. Middle East & Africa
5.4. Porter’s Five Forces Analysis
5.4.1. Bargaining power of suppliers
5.4.2. Bargaining power of buyers
5.4.3. Threat of substitutes
5.4.4. Threat of new entrants
5.4.5. Competitive rivalry
5.5. Unmet Needs and Gaps
5.6. Recommended Strategies for Market Entry and Expansion
5.7. Pricing Analysis and Price Dynamics
6. Smart Hospitals Market, By Component
6.1. Introduction
6.1.1. Market Size Analysis and Y-o-Y Growth Analysis (%), By Component
6.1.2. Market Attractiveness Index, By Component
6.2. Software*
6.2.1. Introduction
6.2.2. Market Size Analysis and Y-o-Y Growth Analysis (%)
6.3. Hardware
6.4. Services
7. Smart Hospitals Market, By Technology
7.1. Introduction
7.1.1. Market Size Analysis and Y-o-Y Growth Analysis (%), By Technology
7.1.2. Market Attractiveness Index, By Technology
7.2. Artificial Intelligence (AI)*
7.2.1. Introduction
7.2.2. Market Size Analysis and Y-o-Y Growth Analysis (%)
7.3. Internet of Things (IoT)
7.4. Cloud Computing
7.5. Big Data
8. Smart Hospitals Market, By Application
8.1. Introduction
8.1.1. Market Size Analysis and Y-o-Y Growth Analysis (%), By Application
8.1.2. Market Attractiveness Index, By Application
8.2. Electronic Health Records (EHR) / Clinical Workflow*
8.2.1. Introduction
8.2.2. Market Size Analysis and Y-o-Y Growth Analysis (%)
8.3. Medical Connected Imaging
8.4. Remote Medicine / Remote Patient Management
8.5. Medical Assistance
9. Smart Hospitals Market, By Connectivity
9.1. Introduction
9.1.1. Market Size Analysis and Y-o-Y Growth Analysis (%), By Connectivity
9.1.2. Market Attractiveness Index, By Connectivity
9.2. Wired*
9.2.1. Introduction
9.2.2. Market Size Analysis and Y-o-Y Growth Analysis (%)
9.3. Wireless
10. Smart Hospitals Market, By End User
10.1. Introduction
10.1.1. Market Size Analysis and Y-o-Y Growth Analysis (%), By End User
10.1.2. Market Attractiveness Index, By End User
10.2. Hospitals*
10.2.1. Introduction
10.2.2. Market Size Analysis and Y-o-Y Growth Analysis (%)
10.3. Home-care / Remote settings
10.4. Others
11. Smart Hospitals Market, By Regional Market Analysis and Growth Opportunities
11.1. Introduction
11.1.1. Market Size Analysis and Y-o-Y Growth Analysis (%), By Region
11.1.2. Market Attractiveness Index, By Region
11.2. North America
11.2.1. Introduction
11.2.2. Key Region-Specific Dynamics
11.2.3. Market Size Analysis and Y-o-Y Growth Analysis (%), By Component
11.2.4. Market Size Analysis and Y-o-Y Growth Analysis (%), By Technology
11.2.5. Market Size Analysis and Y-o-Y Growth Analysis (%), By Application
11.2.6. Market Size Analysis and Y-o-Y Growth Analysis (%), By Connectivity
11.2.7. Market Size Analysis and Y-o-Y Growth Analysis (%), By End User
11.2.8. Market Size Analysis and Y-o-Y Growth Analysis (%), By Country
11.2.8.1. U.S.
11.2.8.2. Canada
11.2.8.3. Mexico
11.3. Europe
11.3.1. Introduction
11.3.2. Key Region-Specific Dynamics
11.3.3. Market Size Analysis and Y-o-Y Growth Analysis (%), By Component
11.3.4. Market Size Analysis and Y-o-Y Growth Analysis (%), By Technology
11.3.5. Market Size Analysis and Y-o-Y Growth Analysis (%), By Application
11.3.6. Market Size Analysis and Y-o-Y Growth Analysis (%), By Connectivity
11.3.7. Market Size Analysis and Y-o-Y Growth Analysis (%), By End User
11.3.8. Market Size Analysis and Y-o-Y Growth Analysis (%), By Country
11.3.8.1. Germany
11.3.8.2. UK
11.3.8.3. France
11.3.8.4. Spain
11.3.8.5. Italy
11.3.8.6. Rest of Europe
11.4. Asia-Pacific
11.4.1. Introduction
11.4.2. Key Region-Specific Dynamics
11.4.3. Market Size Analysis and Y-o-Y Growth Analysis (%), By Component
11.4.4. Market Size Analysis and Y-o-Y Growth Analysis (%), By Technology
11.4.5. Market Size Analysis and Y-o-Y Growth Analysis (%), By Application
11.4.6. Market Size Analysis and Y-o-Y Growth Analysis (%), By Connectivity
11.4.7. Market Size Analysis and Y-o-Y Growth Analysis (%), By End User
11.4.8. Market Size Analysis and Y-o-Y Growth Analysis (%), By Country
11.4.8.1. China
11.4.8.2. India
11.4.8.3. Japan
11.4.8.4. South Korea
11.4.8.5. Rest of Asia-Pacific
11.5. South America
11.5.1. Introduction
11.5.2. Key Region-Specific Dynamics
11.5.3. Market Size Analysis and Y-o-Y Growth Analysis (%), By Component
11.5.4. Market Size Analysis and Y-o-Y Growth Analysis (%), By Technology
11.5.5. Market Size Analysis and Y-o-Y Growth Analysis (%), By Application
11.5.6. Market Size Analysis and Y-o-Y Growth Analysis (%), By Connectivity
11.5.7. Market Size Analysis and Y-o-Y Growth Analysis (%), By End User
11.5.8. Market Size Analysis and Y-o-Y Growth Analysis (%), By Country
11.5.8.1. Brazil
11.5.8.2. Argentina
11.5.8.3. Rest of South America
11.6. Middle East and Africa
11.6.1. Introduction
11.6.2. Key Region-Specific Dynamics
11.6.3. Market Size Analysis and Y-o-Y Growth Analysis (%), By Component
11.6.4. Market Size Analysis and Y-o-Y Growth Analysis (%), By Technology
11.6.5. Market Size Analysis and Y-o-Y Growth Analysis (%), By Application
11.6.6. Market Size Analysis and Y-o-Y Growth Analysis (%), By Connectivity
11.6.7. Market Size Analysis and Y-o-Y Growth Analysis (%), By End User
12. Competitive Landscape and Market Positioning
12.1. Competitive Overview and Key Market Players
12.2. Market Share Analysis and Positioning Matrix
12.3. Strategic Partnerships, Mergers & Acquisitions
12.4. Key Developments in Product Portfolios and Innovations
12.5. Company Benchmarking
13. Company Profiles
13.1. eVideon*
13.1.1. Company Overview
13.1.2. Product Portfolio
13.1.2.1. Product Description
13.1.2.2. Product Key Performance Indicators (KPIs)
13.1.3. Financial Overview
13.1.3.1. Company Revenue
13.1.3.2. Geographical Revenue Shares
13.1.3.3. Revenue Forecasts
13.1.4. Key Developments
13.1.4.1. Mergers & Acquisitions
13.1.4.2. Key Product Development Activities
13.1.4.3. Regulatory Approvals, etc.
13.1.4.4. SWOT Analysis
13.2. Artisight
13.3. Uniguest
13.4. Oneview Healthcare
13.5. Diligent Robotics
13.6. Andor Health (LIST NOT EXHAUSTIVE)
14. Assumptions and Research Methodology
14.1. Data Collection Methods
14.2. Data Triangulation
14.3. Forecasting Techniques
14.4. Data Verification and Validation
15. Appendix
15.1. About Us and Services
15.2. Contact Us
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