https://www.fortunebusinessinsights.com/industry-reports/smart-hospitals-market-100329
Smart Hospitals Market Expansion, Technology
Trends, and Forecast Opportunities 2032
This summary presents the core findings from Fortune Business Insights’ Smart Hospitals Market report.
The study examines the market by component (software, hardware, services), application (EHR, remote
medicine engagement, clinical workflow, medical assistance, others), connectivity (wired, wireless), and
enabling technologies (AI, Internet of Things, cloud computing, big data, and others). The report provides
historical data and a forecast covering the period around a 2024 base year through the forecast horizon.
Key Market Insights
According to Fortune Business Insights, A smart hospitals market integrates intelligent algorithms and digital
processes to improve patient care, clinical workflows, revenue cycle management, and communication
among clinicians and patients. These systems generate actionable insights that help stakeholders make
complex clinical and operational decisions. The move toward smart hospital implementations is driven by the
need for improved clinical process efficiency, better patient experience, real-time clinical resource tracking,
and optimized patient data storage.
Top Companies in the Market
Medtronic
GENERAL ELECTRIC COMPANY
Cerner Corporation
McKesson Corporation
Infor
AdhereTech
Allscripts
athenahealth, Inc.
Diabetizer GmbH & Co. KG
Siemens AG
Qualcomm Life
IBM Corporation, Inc.
Microsoft
Koninklijke Philips N.V.
NVIDIA Corporation
Next IT Corp.
STANLEY Healthcare
Others
Market Drivers and Inhibitors
Major factors fueling growth include rising demand to streamline clinical workflows, the adoption of sensor
networks and intelligent systems, and the potential for cost and quality improvements through automation.
The report also notes constraints to adoption: high development and deployment costs, data security and
privacy concerns, resistance to migrate from legacy systems, shortage of IT-skilled healthcare personnel,
and the complexity of user experience in advanced systems.
Segmentation
The market is segmented as follows:
By Component: Software, Hardware, Services.
By Application: Electronic Health Records (EHR), Remote Medicine Engagement, Clinical Workflow,
Medical Assistance, Others.
By Connectivity: Wired, Wireless.
By Technology: Artificial Intelligence, Internet of Things (IoT), Cloud Computing, Big Data, Others.
These segments reflect both clinical and operational adoption paths — from EHR optimization and remote
patient engagement to infrastructure (hardware/connectivity) and analytics platforms.
Geographic Outlook
The report divides the world into North America, Europe, Asia Pacific, Latin America, and Middle East &
Africa. North America held a leading position historically, supported by early integration of advanced
computing and sensor networks and increasing healthcare workloads due to chronic disease prevalence and
ageing populations. Asia Pacific is highlighted as a region with significant growth potential given rising
demand for intelligent systems and investments in digital health. Middle East & Africa is expected to register
comparatively higher compound annual growth in some forecast years, driven by expanding hospital
infrastructure and increased government healthcare spending in GCC countries.
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100329
Industry Developments
In May 2018, Amazon, Berkshire Hathaway and JP Morgan Chase & Co., entered into a collaborative
partnership to address healthcare for their U.S. employees, as to improve employee satisfaction and
reducing costs.
In Sep 2018, EIR Healthcare, designed the world’s first application of prefabrication and modular
technology of hospital rooms to ensure faster delivery and build times, and minimized budgets.
Implications for Stakeholders
For hospital administrators and health-system CIOs, the smart hospitals trend implies planning for
interoperability, secure data architectures, workforce training, and phased rollouts that combine software,
sensors, and services. Vendors should emphasize integration with existing EHRs, attention to user
experience, and solutions that address regulatory, privacy, and security requirements to accelerate
adoption. Policymakers and payors may consider incentives to modernize infrastructure and standardize
data to unlock broader benefits.
Conclusion
Smart hospitals represent a multi-dimensional shift in healthcare delivery — combining hardware, software,
connectivity, and advanced analytics to improve outcomes and efficiencies. While growth is promising across
many regions, adoption will depend on addressing costs, security, workforce skills, and integration
challenges. Stakeholders that balance innovation with governance and clinician enablement are positioned
best to capture the advantages of the smart hospital market.
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