According to the latest report by IMARC Group, "Smart Hospitals Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027", The global smart hospitals market is expected to exhibit a CAGR of 17.3% during 2022-2027.

Smart hospitals are medical facilities that rely on automated processes and digitally integrated information management systems (IMSs) to improve existing patient care procedures. They provide seamless communication, telemedicine services, convenient diagnostics, real-time updates, and optimal data maintenance. Besides this, they help optimize the delivery of healthcare services and enhance clinical outcomes.

Note: We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.

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Market Trends

The coronavirus disease (COVID-19) outbreak has increased the need for smart hospitals across the globe to manage patients remotely. Moreover, the rising prevalence of chronic diseases and considerable growth in the healthcare industry are bolstering the market growth. In addition, the introduction of m-health applications, which are integrated with artificial intelligence (AI), the internet of things (IoT), cloud computing solutions, and electronic health record (EHR) systems, is favoring the market growth. Apart from this, inflating income levels, rapid urbanization and increasing consumer expenditures on high-end medical care are creating a positive outlook for the market.

Competitive Landscape:

The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.