Press release
Smart Hospitals Market to Reach USD 690.08 Billion by 2035 | Growing at a CAGR of 26.2% (2026-2035) | North America Holds 41.2% Market Share | Key Players: eVideon, Artisight, Oneview Healthcare
The global Smart Hospitals market was valued at USD 73.51 billion in 2025 and is projected to reach USD 690.08 billion by 2035, expanding at a remarkable CAGR of 26.2% during the forecast period from 2026 to 2035. The market has emerged as one of the fastest-growing investment opportunities within the digital healthcare sector, driven by increasing adoption of connected healthcare technologies, artificial intelligence, Internet of Things (IoT), and automation across hospital operations. Investors are increasingly focusing on companies developing smart hospital platforms, AI-powered clinical decision support systems, connected medical devices, robotic automation, digital patient monitoring, and cloud-based healthcare management solutions that improve operational efficiency, patient outcomes, and resource utilization. Rising investments in healthcare digitalization, smart infrastructure, and interoperable health systems are reinforcing the market's long-term growth potential.Investment momentum continues to accelerate as healthcare providers, technology companies, medical device manufacturers, and cloud service providers expand smart hospital ecosystems through strategic partnerships, acquisitions, and continuous innovation. Advancements in AI-driven diagnostics, digital twins, remote patient monitoring, electronic health records (EHRs), hospital automation, and predictive analytics are transforming patient care, clinical workflows, and hospital management. Growing demand for intelligent healthcare infrastructure across hospitals, specialty clinics, and integrated healthcare networks is creating significant commercial opportunities worldwide. As healthcare systems continue to prioritize digital transformation, data-driven clinical decision-making, and connected care delivery, the smart hospitals market is expected to remain a high-priority investment segment supporting the future of intelligent and patient-centric healthcare.
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Key Developments
June 2026: Philips expanded its smart hospital solutions across Europe and the Middle East by introducing AI-enabled patient monitoring and connected care platforms, driven by increasing investments in digital healthcare infrastructure, clinical workflow optimization, and value-based patient care.
May 2026: GE HealthCare strengthened its smart hospital portfolio across North America by integrating AI-powered imaging, command center technologies, and predictive analytics, helping hospitals improve operational efficiency, reduce patient wait times, and enhance clinical decision-making.
April 2026: Siemens Healthineers expanded its digital hospital ecosystem in the Asia-Pacific region through advanced interoperability, AI-assisted diagnostics, and cloud-based healthcare platforms, supporting governments' smart healthcare initiatives and the modernization of hospital infrastructure.
March 2026: Oracle Health (formerly Cerner) enhanced its smart hospital capabilities across North America and Europe by advancing cloud-based electronic health record (EHR) integration and AI-driven clinical workflow automation, enabling healthcare providers to improve care coordination and data-driven decision-making.
February 2026: Honeywell expanded its smart building technologies for hospitals across Asia-Pacific and the Middle East by deploying intelligent energy management, connected safety systems, and IoT-enabled facility management solutions, addressing the growing demand for sustainable, resilient, and digitally connected healthcare facilities.
Key Players
eVideon | Artisight | Oneview Healthcare | Uniguest | Andor Health | Diligent Robotics | Others
Key Highlights
eVideon - Holds a 20.6% share, driven by its integrated smart hospital platform, interactive patient engagement systems, digital room controls, and seamless electronic health record (EHR) integration.
Artisight - Holds a 18.1% share, supported by its AI-powered hospital intelligence platform, computer vision technologies, virtual nursing solutions, and real-time clinical workflow automation.
Oneview Healthcare - Holds a 15.4% share, strengthened by its digital patient engagement platform, bedside infotainment systems, virtual care capabilities, and connected hospital ecosystem.
Uniguest - Holds a 13.2% share, fueled by its digital signage solutions, patient communication platforms, hospital entertainment systems, and healthcare content management technologies.
Andor Health - Holds a 11.5% share, driven by its AI-enabled virtual care platform, clinical collaboration tools, digital care coordination, and intelligent healthcare communication solutions.
Diligent Robotics - Holds a 9.7% share, supported by its autonomous healthcare service robots, AI-driven hospital workflow automation, and operational efficiency solutions for healthcare facilities.
Others - Hold a combined 11.5% share, comprising emerging smart hospital technology providers, AI healthcare platform developers, connected care solution vendors, and digital infrastructure companies advancing intelligent healthcare ecosystems.
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Market Drivers
Increasing adoption of digital healthcare technologies, rising demand for connected patient care, growing investments in hospital automation, and expanding implementation of electronic health records (EHR) are driving the growth of the smart hospitals market.
Growing adoption of artificial intelligence (AI), Internet of Things (IoT), robotics, remote patient monitoring, and smart medical devices across healthcare facilities is accelerating market expansion.
Continuous advancements in AI-powered clinical decision support, cloud computing, big data analytics, digital twins, and interoperable healthcare platforms are improving operational efficiency, patient outcomes, and resource management.
Rising healthcare expenditure, increasing government initiatives for healthcare digitalization, expanding telehealth services, and growing demand for value-based care are supporting long-term market growth.
Market Opportunities
Growing demand for AI-powered hospital management systems, digital patient engagement platforms, smart intensive care units (ICUs), and connected healthcare ecosystems is creating significant growth opportunities.
Increasing investments in healthcare IT infrastructure, cloud-based hospital information systems, medical robotics, cybersecurity solutions, and precision medicine are expanding revenue potential across global markets.
Continuous advancements in AI-assisted diagnostics, autonomous service robots, predictive healthcare analytics, wearable medical devices, and smart asset management solutions are opening new avenues for innovation.
Strategic collaborations among hospitals, healthcare providers, technology companies, medical device manufacturers, and research institutions are accelerating product development and global market expansion.
Industry Developments
Rapid advancements in AI-powered hospital automation, IoT-enabled medical devices, robotic surgery systems, digital health platforms, and smart patient monitoring technologies are transforming the smart hospitals industry.
Increasing integration of AI, IoT, cloud computing, electronic health records (EHR), predictive analytics, and real-time healthcare monitoring is improving clinical workflows, patient safety, and operational efficiency.
Strategic partnerships, mergers, acquisitions, product launches, healthcare IT platform expansions, and digital transformation initiatives are strengthening global market competitiveness.
Continuous investments in R&D, next-generation hospital automation technologies, intelligent healthcare infrastructure, connected medical devices, and personalized patient care solutions are supporting long-term market expansion.
Regional Insights
North America 41.2% share: Leads the market with a 41.2% share due to advanced healthcare infrastructure, widespread adoption of digital health technologies, strong healthcare IT investments, and the presence of leading healthcare technology providers.
Europe 27.9% share: Growth is supported by a 27.9% market share, driven by expanding healthcare digitalization initiatives, increasing adoption of hospital automation, supportive government policies, and strong investments in connected healthcare infrastructure.
Asia Pacific 24.3% share: Fastest-growing region with a 24.3% share, driven by rapid healthcare modernization, increasing investments in smart hospitals, expanding adoption of AI and IoT technologies, and growing healthcare infrastructure across China, India, Japan, and South Korea.
Latin America 3.8% share: Holds a 3.8% share, supported by improving healthcare infrastructure, increasing adoption of digital health solutions, expanding hospital modernization projects, and rising healthcare IT investments.
Middle East & Africa 2.8% share: Accounts for a 2.8% share, driven by growing investments in smart healthcare infrastructure, expanding digital transformation initiatives, increasing government healthcare spending, and rising adoption of connected medical technologies.
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Key Segments
➥ By Component
Software: Represents the dominant segment, driven by increasing adoption of hospital information systems, electronic health records (EHRs), AI-powered clinical decision support, patient management platforms, and workflow automation solutions.
Hardware: Represents a significant segment, supported by growing deployment of connected medical devices, smart patient monitoring systems, diagnostic equipment, RFID solutions, and advanced healthcare infrastructure.
Services: Represents a rapidly growing segment, fueled by rising demand for system integration, cloud migration, consulting, maintenance, cybersecurity, and managed services to support digital hospital transformation.
➥ By Technology
Artificial Intelligence (AI): Represents the dominant segment, driven by increasing use of AI for clinical decision support, medical imaging analysis, predictive analytics, workflow automation, and personalized patient care.
Internet of Things (IoT): Represents a major segment, supported by widespread adoption of connected medical devices, smart sensors, remote patient monitoring systems, and real-time asset tracking across healthcare facilities.
Cloud Computing: Represents a significant segment, fueled by growing demand for scalable data storage, telemedicine platforms, electronic health records, and secure healthcare information sharing across multiple locations.
Big Data: Represents a substantial segment, driven by increasing utilization of advanced analytics for population health management, operational optimization, predictive healthcare insights, and evidence-based clinical decision-making.
➥ By Connectivity
Wired: Represents a significant segment, driven by the need for reliable, high-speed, and secure network infrastructure supporting critical hospital systems, diagnostic equipment, and data-intensive healthcare applications.
Wireless: Represents the dominant segment, supported by increasing adoption of Wi-Fi, 5G, Bluetooth, and other wireless technologies enabling connected medical devices, mobile healthcare solutions, remote monitoring, and real-time communication.
➥ By End User
Hospitals: Represents the dominant segment, driven by large-scale investments in digital healthcare infrastructure, smart patient management systems, AI-enabled clinical workflows, and connected medical technologies to improve operational efficiency and patient outcomes.
Home-care / Remote Settings: Represents a rapidly growing segment, supported by rising demand for remote patient monitoring, virtual care, telehealth services, and connected healthcare devices that enable personalized care outside traditional hospital environments.
Others: Represents a moderate segment, driven by expanding adoption of smart healthcare technologies across ambulatory surgical centers, specialty clinics, rehabilitation centers, long-term care facilities, and research institutions.
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