Smart hospital market value forecast 2018-2026

In 2021, the global smart hospital market was valued at 35.9 billion U.S. dollars. According to future estimations, the market value of smart hospitals was forecast to increase exponentially. In 2026, the market of smart hospitals was forecast to reach a value of 83 billion U.S. dollars.

What are the main segments of the smart hospital market?

In 2021, smart hospital market growth was especially due to three aspects of healthcare. Currently, the segment of remote medicine management represented most of the market’s revenue. In 2026, this segment is projected to account for over a fourth of the market. Electronic health records and clinical workflow was the second-biggest segment, followed by outpatient vigilance.

What makes a hospital “smart”?

Nowadays, access to healthcare is being revolutionized by digital solutions. Hospitals need to adopt smarter clinical processes and redesign management systems to keep up with this digitization of healthcare. Patients expect to get appointment reminders by email or text, have access to electronic health records, and be able to make online video consultations. To answer these changes, hospital infrastructures need to implement technologies and improve the consumer experience. Ultimately, to survive in time, hospitals need to get smarter.