What is the global market size of Healthcare Smart Beds Market?

Global Healthcare Smart Beds Market size was valued at USD 2.99 billion in 2021 and is poised to grow from USD 3.16 billion in 2022 to USD 5.25 billion by 2030, growing at a CAGR of 5.8% in the forecast period (2023-2030).

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 News

In August 2022,Indian connected health device maker Dozee has partnered with Midmark India, one of the biggest hospital bed manufacturers in South Asia, to launch a connected smart bed platform for non-ICU settings.
In January 2022, The Sleep Company, one of the key players in healthcare smart beds market, launched Elev8 Smart Bed for a sound, restful sleep (Smart Bed). The bed is equipped with zero gravity mode, automatic massage, and anti-snoring mode.
In January 2022, Sleep Number Corporation, the industry leader in sleep health, science, research, and innovation, unveiled its most dynamic technology platform. The advanced sensing capabilities of the new 360® smart bed would enable future features to proactively monitor and improve an individual's sleep and health over time, responding to their changing needs as they progress through life stages.
In February 2021, Stryker launched ProCuity Bed Series. It is a flexible, low-height bed that may be used in a variety of patient care settings, from MedSurg units to the ICU. It is aimed to improve patient and caregiver safety by combining wireless communication with sophisticated fall prevention technology.

Healthcare Smart Beds Market Report Snapshots

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

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