Smart hospitals market to surpass $161.6b by 2033

Thanks to healthcare automation, AI, and IoT-based medical devices.

The global smart hospitals market is expected to rise beyond $161.6b by 2033 at a compound annual growth rate of 12.02%, according to Research and Markets.

The sector’s expansion is attributed to developments in healthcare automation, AI-assisted diagnostics, IoT-based medical devices, and telemedicine systems.

“They make use of real-time surveillance systems, robotics-based surgeries, electronic health records, and AI-based diagnoses for better health delivery,” the report said.

Moreover, 5G connectivity and cloud computing are further driving market growth.

Countries such as US, Germany, China, and the UAE lead the adoption of smart hospitals due to regulatory support and funding.