Smart Hospital Market Size

Smart Hospital Market Size

Smart Hospital Market size was valued at USD 42.8 billion in 2023 and is anticipated to witness growth at a CAGR of 19.6% between 2024 and 2032, driven by the increasing adoption of EHR and telehealth, the growing need for improved patient care and operational efficiency, and rising healthcare expenditure.

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Hospitals are increasingly adopting electronic health record (EHR) and telehealth, showcasing a shift towards smart healthcare solutions. They are investing more in these technologies to stay competitive, meet patient needs, and improve healthcare services. For instance, according to the Office of the National Coordinator for Health Information Technology, 96% of non-federal acute care hospitals had adopted certified EHRs by 2022. This trend is supported by government initiatives, financial incentives, and the proven benefits of these technologies in improving hospital operations and patient care.
 

Additionally, smart hospitals optimize operations through cutting-edge technologies. By automating data entry and refining workflows, these hospitals lighten the administrative load on healthcare professionals, enabling them to prioritize patient care. Additionally, telehealth solutions aid in managing patient flow, curbing overcrowding, and minimizing wait times in emergency departments and outpatient clinics.
 

A smart hospital is a healthcare facility that integrates advanced technologies, such as the Internet of Things (IoT), artificial intelligence (AI), big data analytics, and robotics, to enhance patient care, improve operational efficiency, and streamline administrative processes. These hospitals utilize interconnected devices, systems, and applications to provide real-time monitoring, predictive analytics, and automated services, ultimately leading to better clinical outcomes, reduced costs, and a more personalized patient experience.