The Global Healthcare Smart Beds Market size accounted for USD 561 Million in 2021 and is estimated to reach USD 1,166 Million by 2030.
The rapidly growing internet of medical things (IOMT) technology is a noteworthy trend in healthcare smart beds market that is bolstering the industry demand. Our recent healthcare smart beds industry analysis observed that the arrival of the COVID-19 pandemic boosted the demand for hospital beds, thereby boosting the smart beds market growth. Healthcare smart beds keep patients safe, while "smart" capabilities assist nurses in analyzing data and improving patient care. The beds communicate with EMR networks, allowing nurses to monitor patient statistics like movement and weight fluctuations.
The worldwide healthcare smart beds market forecast that the industry is expected to register a CAGR of 8.6% throughout the estimated years from 2022 to 2030. Smart hospital beds are one of the most advanced technologies used in hospitals and medical centers in developed countries, as they have played a significant role in increasing their quality and improving the level of services provided, as well as assisting medical personnel and healthcare professionals in performing the tasks entrusted to them to the best of their abilities, thereby contributing to a reduction in the percentage of healthcare errors in hospitals.
Healthcare Smart Beds Market Dynamics
Market Growth Drivers:
|Market||Healthcare Smart Beds Market|
|Market Size 2021||USD 561 Million|
|Market Forecast 2030||USD 1,166 Million|
|CAGR During 2022 - 2030||8.6%|
|Analysis Period||2018 - 2030|
|Forecast Data||2022 - 2030|
|Segments Covered||By Product Type, By Application, And By Geography
|Regional Scope||North America, Europe, Asia Pacific, Latin America, and Middle East & Africa|
|Key Companies Profiled||Arjo, Favero Health Projects SpA, Hill-Rom Holdings, Inc., Invacare Corporation, Joerns Healthcare LLC, LINET, Paramount Bed Holdings Co., Ltd., Stiegelmeyer GmbH & Co. KG, Stryker Corporation, and Völker GmbH.|
||Market Trends, Drivers, Restraints, Competitive Analysis, Player Profiling, Regulation Analysis|
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The increasing focus of hospitals and other medical services to enhance patient care and safety is the primary factor supporting the healthcare smart beds market revenue. One of the primary goals of smart bed advancements is to improve patient safety and comfort during potentially lengthy hospital stays. Though patient care has always been a priority, the Affordable Care Act (ACA) has increased the importance of patient satisfaction and comfort.
In addition, the rising technological advancements in the medical sector are another factor that is driving the healthcare smart beds market growth. Smart hospital beds are part of a cycle of technological advancement that is spreading through hospital corridors due to their role in improving cooperation among medical care teams, elevating the level of patient care and safety, and improving operational efficiency. The advantages of contacting the emergency medical team, as well as the ability to gather data and send it to the hospital's main information center, made advanced smart hospital beds an innovative concept.
However, the high production cost of a smart bed is the most crucial factor that is limiting the demand for them. Several emerging and developing countries lack a stable economy, which is a major impediment to the development of the healthcare smart beds industry. In addition to that, the limited presence of advanced healthcare facilities in most parts of the emerging countries has also restricted the market growth during the forecast period.
On the other hand, the favorable government support, as well as the growing research & development by key players to introduce more advanced beds, are some of the aspects that are projected to offer an infinite number of growth opportunities for the market in the coming future.
Healthcare Smart Beds Market Segmentation
The global healthcare smart beds market segmentation is based on product type, application, and region.
Healthcare Smart Beds Market By Product Type
Based on our analysis, there is a growing demand for fully-automatic beds among hospitals and patients. Fully-automatic hospital smart beds are a modern type of bed that offers numerous advantages over traditional hospital beds. Patients who use fully-automatic inpatient beds are generally pleased with the experience because they provide greater comfort and convenience. Fully-automatic hospital beds, for example, can adjust to various positions, which can greatly boost blood circulation and relieve pain. Furthermore, because these hospital beds are quite often easier to transfer than traditional hospital beds, they are preferred for patients who need to be moved between rooms or hospitals.
Healthcare Smart Beds Market By Application
The application in hospitals is expected to dominate the healthcare smart beds market share because of the growing comfort facilities and provisions in the healthcare sector. Furthermore, advancements in healthcare technology have enabled the medical sector to invest in prospects for better healthcare, resulting in a surge in demand for sophisticated technology across smart hospitals. Medical beds with smart features are becoming increasingly important for monitoring patients and administering treatments, boosting the global market's growth prospects.
Healthcare Smart Beds Market Regional Outlook
The Middle East & Africa (MEA)
North AmericaAccumulated Leading Market Share in 2021 Due to Presence of Advanced Healthcare Facilities
According to our healthcare smart beds market regional outlook, North America is currently one of the leading markets due to the rapidly increasing demand for smart bed products in the healthcare industry. Furthermore, the rapidly growing advancements in the healthcare sector, the rising prevalence of chronic disorders, and the presence of prominent players in the region are driving the market growth. Meanwhile, the Europe healthcare smart beds market value is expanding as a result of increased investments in healthcare infrastructure, supportive government policies, and growing preference for better healthcare among the aging population.
Healthcare Smart Beds Market Players
Some of the top healthcare smart beds companies offered in the professional report include Arjo, Favero Health Projects SpA, Hill-Rom Holdings, Inc., Invacare Corporation, Joerns Healthcare LLC, LINET, Paramount Bed Holdings Co., Ltd., Stiegelmeyer GmbH & Co. KG, Stryker Corporation, and Völker GmbH.
The global healthcare smart beds market size accounted for USD 561 Million in 2021.
The projected CAGR healthcare smart beds market during the analysis period of 2022 to 2030 is 8.6%.
The prominent players of the global healthcare smart beds market involve Arjo, Favero Health Projects SpA, Hill-Rom Holdings, Inc., Invacare Corporation, Joerns Healthcare LLC, LINET, Paramount Bed Holdings Co., Ltd., Stiegelmeyer GmbH & Co. KG, Stryker Corporation, and Völker GmbH.
North America held the dominating share for healthcare smart beds during the analysis period of 2022 to 2030.
Europe region exhibited fastest growing CAGR for healthcare smart beds during the analysis period of 2022 to 2030.
Growing preference of patients for effective treatments, growth in technological advancements, and growing patient acceptance for smart beds drives the growth of global healthcare smart beds market.
Based on application, hospitals sub-segment held the maximum share for healthcare smart beds market in 2021.