Global Healthcare Smart Beds Market

Healthcare Smart Beds Market Size, Share, Growth Analysis, By Application(Hospitals, Outpatient Clinics, Medical Nursing Homes, Medical Laboratory), By Region - Industry Forecast 2024-2031

Report ID: SQMIG35B2052 | Region: Global | Published Date: February, 2024
Pages: 165 | Tables: 38 | Figures: 73

Healthcare Smart Beds Market Regional Insights

North America dominated the global healthcare smart beds market in 2021, accounting for more than 55% of the global market revenue. This is because healthcare smart beds are employed in acute care or long-term care institutions. North America has the best quality healthcare in the world. This is because it is a region that has been influenced by many different cultures and has developed its own unique system of healthcare.

North America has a wide variety of healthcare providers across the US and Canada, which means that everyone can find a doctor that specializes in their area of concern. There are also many hospitals and clinics throughout the continent, which means that anyone can get the care they need without having to travel long distances. Furthermore, the healthcare system is funded by government agencies, so it is highly accessible to everyone.

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Healthcare Smart Beds Market size was valued at USD 2.99 billion in 2019 and is poised to grow from USD 3.16 billion in 2023 to USD 5.25 billion by 2031, growing at a CAGR of 5.8% in the forecast period (2024-2031).

Global healthcare smart beds market has become highly competitive on account of strong presence of numerous well-established players. These players are also controlling a sizable portion of the global market. On the other hand, SMEs are struggling to expand their expansion and are majorly catering to local or regional markets with limited product portfolio. It has been found that most of the leading players are focused on strengthening their distribution network in order to tap the maximum possible market share. As a result, they have become prominent brands and able gain consumer’s trust in their products. 'Stryker Corporation', 'Joerns Healthcare', 'Hill-Rom Holdings, Inc.', 'Linet Group SE', 'Invacare Corporation', 'ArjoHuntleigh, Inc.', 'Getinge Group', 'Stiegelmeyer GmbH & Co. KG', 'Merivaara Corp.', 'Responsive Surface Technology LLC', 'Sidhil Ltd.', 'Medline Industries, Inc.', 'Drive DeVilbiss Healthcare Ltd.Besco Medical Limited', 'ProBed Medical Technologies Inc.', 'Gendron, Inc.', 'Malvestio Spa', 'Apex Medical Corp.', 'Akrus GmbH & Co. KG', 'ProBed Medical USA, LLC'

Smart beds used in hospitals are primarily concerned with enhancing patient management and assisting patients in recovering more quickly. The market has received substantial momentum in the healthcare industry as a result of constant advancements in smart bed technologies, which enable hospitals to provide better healthcare to patients. The increase in government spending in hospitals to develop cutting-edge technological equipment, such as smart beds to drive healthcare smart beds market growth.

Power beds are expected to dominate the healthcare smart beds market due to the increasing use of electric and semi-electric beds, which may provide a variety of benefits such as position adjustment, the availability of monitoring sensors, and fall warning features, among others. These powered bed subtypes (electric and semi-electric) are likely to contribute to the industry's rapid growth in the next few years.

North America dominated the global healthcare smart beds market in 2021, accounting for more than 55% of the global market revenue. This is because healthcare smart beds are employed in acute care or long-term care institutions. North America has the best quality healthcare in the world. This is because it is a region that has been influenced by many different cultures and has developed its own unique system of healthcare.

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Global Healthcare Smart Beds Market

Report ID: SQMIG35B2052

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