The global market for Smart Hospitals is estimated at US$64.3 Billion in 2023 and is projected to reach US$280.5 Billion by 2030, growing at a CAGR of 23.4% from 2023 to 2030. This comprehensive report provides an in-depth analysis of market trends, drivers, and forecasts, helping you make informed business decisions.
The growth in the smart hospital market is driven by several factors, including increasing healthcare costs, which compel healthcare facilities to improve efficiency and reduce operational expenses. Aging populations and the subsequent rise in chronic diseases also necessitate more advanced healthcare infrastructure capable of providing continuous and intensive care. Technological integration into healthcare is further supported by governmental initiatives and investments aimed at improving healthcare quality and accessibility. Moreover, the COVID-19 pandemic accelerated the adoption of digital health technologies as hospitals turned to telemedicine, remote monitoring, and data analytics to manage patient care amidst social distancing protocols. Consumer behavior has also shifted, with more patients now expecting and embracing the use of technology in their healthcare journey. Together, these drivers ensure that the demand for smart hospitals will continue to grow, as they represent a critical evolution in the effort to meet the increasing demands of modern healthcare.
The growth in the smart hospital market is driven by several factors, including increasing healthcare costs, which compel healthcare facilities to improve efficiency and reduce operational expenses. Aging populations and the subsequent rise in chronic diseases also necessitate more advanced healthcare infrastructure capable of providing continuous and intensive care. Technological integration into healthcare is further supported by governmental initiatives and investments aimed at improving healthcare quality and accessibility. Moreover, the COVID-19 pandemic accelerated the adoption of digital health technologies as hospitals turned to telemedicine, remote monitoring, and data analytics to manage patient care amidst social distancing protocols. Consumer behavior has also shifted, with more patients now expecting and embracing the use of technology in their healthcare journey. Together, these drivers ensure that the demand for smart hospitals will continue to grow, as they represent a critical evolution in the effort to meet the increasing demands of modern healthcare.
Key Insights:
- Market Growth: Understand the significant growth trajectory of the Smart Hospital Services segment, which is expected to reach US$151.9 Billion by 2030 with a CAGR of a 22.3%. The Smart Hospital Hardware segment is also set to grow at 23.7% CAGR over the analysis period.
- Regional Analysis: Gain insights into the U.S. market, estimated at $17.4 Billion in 2023, and China, forecasted to grow at an impressive 26.5% CAGR to reach $38.2 Billion by 2030. Discover growth trends in other key regions, including Japan, Canada, Germany, and the Asia-Pacific.
Why You Should Buy This Report:
- Detailed Market Analysis: Access a thorough analysis of the Global Smart Hospitals Market, covering all major geographic regions and market segments.
- Competitive Insights: Get an overview of the competitive landscape, including the market presence of major players across different geographies.
- Future Trends and Drivers: Understand the key trends and drivers shaping the future of the Global Smart Hospitals Market.
- Actionable Insights: Benefit from actionable insights that can help you identify new revenue opportunities and make strategic business decisions.
Key Questions Answered:
- How is the Global Smart Hospitals Market expected to evolve by 2030?
- What are the main drivers and restraints affecting the market?
- Which market segments will grow the most over the forecast period?
- How will market shares for different regions and segments change by 2030?
- Who are the leading players in the market, and what are their prospects?
Report Features:
- Comprehensive Market Data: Independent analysis of annual sales and market forecasts in US$ Million from 2023 to 2030.
- In-Depth Regional Analysis: Detailed insights into key markets, including the U.S., China, Japan, Canada, Europe, Asia-Pacific, Latin America, Middle East, and Africa.
- Company Profiles: Coverage of major players such as IBM Corporation, Huawei Technologies Co., Ltd., Honeywell International, Inc., and more.
- Complimentary Updates: Receive free report updates for one year to keep you informed of the latest market developments.
Select Competitors (Total 46 Featured):
- IBM Corporation
- Huawei Technologies Co., Ltd.
- Honeywell International, Inc.
- GE Healthcare
- Cerner Corporation
- Hill-Rom Holdings, Inc.
- Epic Systems Corporation
- Allscripts Healthcare Solutions, Inc.
- IBI Group Inc.
- IBM Watson Health
- Alphabet, Inc.
- AdhereTech
- Capsule Technologies, Inc.
- Enlitic
- Electronics and Telecommunications Research Institute (ETRI)
Table of Contents
I. METHODOLOGYII. EXECUTIVE SUMMARY2. FOCUS ON SELECT PLAYERSIII. MARKET ANALYSISIV. COMPETITION
1. MARKET OVERVIEW
3. MARKET TRENDS & DRIVERS
4. GLOBAL MARKET PERSPECTIVE
UNITED STATES
CANADA
JAPAN
CHINA
EUROPE
FRANCE
GERMANY
ITALY
UNITED KINGDOM
REST OF EUROPE
ASIA-PACIFIC
REST OF WORLD
Companies Mentioned
- IBM Corporation
- Huawei Technologies Co., Ltd.
- Honeywell International, Inc.
- GE Healthcare
- Cerner Corporation
- Hill-Rom Holdings, Inc.
- Epic Systems Corporation
- Allscripts Healthcare Solutions, Inc.
- IBI Group Inc.
- IBM Watson Health
- Alphabet, Inc.
- AdhereTech
- Capsule Technologies, Inc.
- Enlitic
- Electronics and Telecommunications Research Institute (ETRI)
Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 290 |
| Published | November 2024 |
| Forecast Period | 2023 - 2030 |
| Estimated Market Value ( USD | $ 64.3 Billion |
| Forecasted Market Value ( USD | $ 280.5 Billion |
| Compound Annual Growth Rate | 23.4% |
| Regions Covered | Global |
| No. of Companies Mentioned | 15 |
