The global Smart Hospital Management System Market was valued at USD 61.21 billion in 2024 and is projected to reach USD 168 billion by 2030, growing at a compound annual growth rate (CAGR) of 18.15% over the forecast period. This expansion is fueled by the increasing need for efficient healthcare delivery, rising digital transformation in hospitals, and the demand to reduce operational costs. Smart hospital management systems integrate advanced technologies such as the Internet of Things (IoT), artificial intelligence (AI), cloud computing, and big data analytics to improve clinical outcomes, automate diagnostics, and streamline administrative tasks. These systems enable real-time patient monitoring, predictive maintenance of medical equipment, and better coordination among healthcare teams—critical capabilities in complex medical environments. Key drivers of market growth include the rising prevalence of chronic diseases, aging populations, and growing pressure on healthcare infrastructure. Support from both government and private investments in digital health infrastructure is accelerating adoption, particularly in developed nations and emerging economies. Software components such as Electronic Health Records (EHR) and Hospital Information Systems (HIS) currently dominate the market. However, IoT is emerging as the fastest-growing technology segment due to its ability to connect patients, devices, and hospital systems. Cloud-based deployment models are gaining traction for their scalability and cost-efficiency. IoT adoption has already delivered measurable benefits. Over 60% of hospitals globally use IoT-enabled tools for patient and asset tracking. Real-Time Location Systems (RTLS) have reduced equipment loss by up to 35%, while IoT-integrated HVAC systems have cut energy costs by around 20%. Smart beds and connected wards have improved patient turnover by 30% and reduced bed-related errors by 25%, enhancing both efficiency and patient safety. Despite strong growth, challenges remain. High initial investment and ongoing operational costs are significant barriers. Implementing smart systems requires substantial spending on hardware like sensors, AI platforms, RFID systems, and secure networks. Software licensing, cloud services, and integration with legacy systems further increase expenses. Smaller hospitals and public healthcare providers in developing regions often struggle with limited budgets and long return-on-investment timelines. A major trend shaping the market is the expansion of remote patient monitoring (RPM) and virtual care platforms. As healthcare shifts toward value-based and patient-centered models, hospitals are increasingly using wearables, mobile apps, and connected devices to track vital signs such as heart rate and oxygen levels in real time. Integrating RPM with hospital systems has led to up to a 45% reduction in readmissions and a 30% improvement in medication adherence. Virtual consultations are also expanding, especially in rural and underserved areas, helping to ease the burden on physical facilities and improve access to care. Key players in the market include technology providers and healthcare IT firms focused on delivering integrated solutions. The market is segmented by technology, component, end-user, and region, with strong demand across multispecialty and super-specialty hospitals. For more details, visit the full report at https://www.researchandmarkets.com/r/mo3fep. ResearchAndMarkets.com is a leading provider of global market research reports and data, offering insights into international and regional markets, industries, companies, products, and emerging trends.