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 2025-2032


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

Healthcare Smart Beds Market Dynamics

Healthcare Smart Beds Market Driver

  • 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.
  • Rising prevalence of chronic diseases is paving the way for market growth. With this increase, practitioners are trying to cover as many patients as they can and offer them the best quality care they can. This has encouraged them to make use of latest technology like smart beds that can do basic work for the nurses and physicians likes monitoring patients’ health. In line with this, market players are also investing excessively in the development and manufacturing of healthcare smart beds and equipping them with numerous novel features such as a thermostat, blood pressure monitoring device, air pressure, and other gadgets that provide profit potential in the healthcare smart beds market.
  • The drastically growing IoT devices with future advancements and innovation will aid in the expansion of the market.The hospital bed has been reimagined, new smart beds monitor up to 35 data points, including a patient’s weight, body temperature, and heartbeat; and include blood, oxygen, and pressure sensors.  The beds will electronically update a patient’s medical record with all data, including how many times the patient left their bed and how often they’ve been turned in bed.  Some smart beds even include verbal alerts that can be triggered, like, “please don’t get up,” and USB ports for patients to charge their mobile devices.These innovations and integration of IoT with the healthcare smart beds will propel the Growth of the market.

Healthcare Smart Beds Market Restraint

  • Healthcare smart beds are expensive they are equipped large number advanced features and sensors. Thus, it restricts the demand to high income hospitals or countries where healthcare cost is affordable to consumers. This is why countries in north America and Europe have strong healthcare smart beds market but it lags behind in Asia Pacific, Africa, and Latin America as most of the countries in this region are struggling to offer them basic healthcare facilities.
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FAQs

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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