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 Insights

Healthcare Smart Beds Market size was valued at USD 3.16 Billion in 2023 and is poised to grow from USD 3.34 Billion in 2024 to USD 5.55 Billion by 2032, growing at a CAGR of 5.8% during the forecast period (2025-2032).

The frequency and duration of hospital stays have been growing as the incidence of chronic illnesses and the number of life-saving procedures have increased. Furthermore, the COVID-19 epidemic has created a considerable demand for smart beds in hospitals all over the world.

Smart beds are linked to electronic medical records (EMR) or electronic health records (EHR), which provide a wealth of medical data, including personal statistics such as weight, body temperature, heartbeat, blood, oxygen, and other vital signs, medication, laboratory test results, allergies, and immunisation status. This helps healthcare practitioners decide the best course of action based on pertinent facts about a patient's medical history. Moreover, nursing staff can use the provided data to enhance patient care.The frequency and duration of hospital stays have been growing as the incidence of chronic illnesses and the number of life-saving procedures has increased. Furthermore, the COVID-19 epidemic has created a considerable demand for smart beds in hospitals all over the world.Health care smart beds can increase patients’ safety by automatically transferring all data in real-time over the wireless network, allowing medical teams to instantly review and monitor patients’ vitals. Besides, these beds can send alerts to the medical team if there are any sudden changes in a patient’s health or movement, allowing medical personnel to intervene before the patient’s health deteriorates.

US Healthcare Smart Beds Market is poised to grow at a sustainable CAGR for the next forecast year.

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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

$5,300
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