Smart hospital market projected to reach USD 246.17 billion by 2032

The global healthcare industry is undergoing a digital transformation as hospitals integrate artificial intelligence (AI), the Internet of Medical Things (IoMT), cloud computing, and robotics to improve patient care and operational efficiency. The smart hospital market is projected to grow from USD 134.69 billion in 2026 to USD 246.17 billion by 2032, representing a compound annual growth rate (CAGR) of 10.6%.

This evolution is driving a shift toward connected care, moving medical monitoring and clinical expertise beyond traditional hospital walls and into homes and communities. This transition is supported by technologies such as remote patient monitoring and virtual care, which help address capacity challenges and specialist shortages.

In regions like India, where the doctor-patient ratio is approximately 1:811, healthcare professionals believe AI will be critical in enhancing access to quality care in rural areas. For this model to succeed, industry experts emphasize the need for interoperability, ensuring that electronic health records, diagnostic platforms, and medical devices can interact through standardized protocols.