The smart hospital beds market size is projected to reach US$ 1,497.11 million by 2030 from US$ 526.28 million in 2022. The market is expected to register a CAGR of 14.0% during 2022–2030. Digitalization in healthcare system is likely to remain key trends in the market.
Developments in healthcare infrastructures and growth strategies by smart hospital bed providers acts as a key driver for the smart hospital beds market. The innovations and upgradations attract or encourage healthcare sectors to adopt new technologies. Also, Government is putting strong efforts to enhance healthcare infrastructure worldwide by providing a;ppropiate funds to build hospitals that are equipped with state-of-the-art technologies. In February 2021, Hillrom acquired contact-free continuous monitoring technology from EarlySense at a value of US$ 30 million to strengthen its Centrella Smart+Bed. Centrella Smart+Bed is designed to monitor heart and respiratory rates that are above 100 units per minute. Therefore, development in healthcare infrastructure and growth strategies by smart hospital bed providers are likely to drive market growth.
Digitalization in healthcare systems acts as a future trend for smart hospital beds market. Advancements in healthcare technologies are expected to secure digital infrastructures by incorporating integrated technologies in healthcare centers and other settings. Digital technologies like telemedicine show opportunities to integrate with smart hospital beds. Therefore, the smart hospital beds with telemedicine features proves effective through remote services offering physicians consultations. Therefore, smart hospital beds are expected to provide similar care in homecare settings and communities through telemedicine enhancing market growth in the coming years.
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Smart Hospital Beds Market: Strategic Insights
Smart beds encompass technologically advanced specifications that enable effective patient services. Also, such smart hospital beds enable faster recovery of patients by making the necessary movements hassle-free as these beds are equipped with monitoring systems that can be used to send alerts notification to nursing department in the hospitals. Communications allow nurses to remotely monitor patient conditions and vital functions. Furthermore, smart beds are now combined with remote sensors, further contributing to better healthcare infrastructures. Therefore, technologically advanced smart beds to serve patients betters is one of the major drivers of global smart hospital beds accounting considerable market share.
As per the German Research Center for Artificial Intelligence GmbH (DFKI GmbH), April 2020, press release, the German Federal Ministry for Education and Research (BMBF) announced funding of US$ 1.7 million (1.8 million euros) to develop robotic systems and sensor solutions for hospital beds under the project “AdaMeKoR” with initiation in March 2020. The AdaMeKoR project was launched that aim to meet the burden on staff and medical workers in Germany hospitals through robotic hospital beds. Therefore, robotic hospital beds will provide lucrative market opportunity in improving overall wellbeing of hospital staff thereby dominating market growth.
Key segments that contributed to the derivation of the smart hospital beds market analysis are patient weight, offering, application, and end user.
The geographic scope of the Smart Hospital Beds market report is mainly divided into five regions: North America, Asia Pacific, Europe, Middle East & Africa, and South & Central America.
North America has dominated the market. In North America region, the US accounts largest share for smart hospital beds market. Presence of top manufacturers in the region and their innovative technologically advanced smart beds are the factors contributing to the dominance of the market. Asia Pacific is anticipated to grow with the highest CAGR in the coming years.
The regional trends and factors influencing the Smart Hospital Beds Market throughout the forecast period have been thoroughly explained by the analysts at Insight Partners. This section also discusses Smart Hospital Beds Market segments and geography across North America, Europe, Asia Pacific, Middle East and Africa, and South and Central America.
| Report Attribute | Details |
|---|---|
| Market size in 2022 | US$ 526.28 Million |
| Market Size by 2030 | US$ 1,497.11 Million |
| Global CAGR (2022 - 2030) | 14.0% |
| Historical Data | 2020-2021 |
| Forecast period | 2022-2030 |
| Segments Covered |
By Patient Weight
|
| Regions and Countries Covered | North America
|
| Market leaders and key company profiles |
The Smart Hospital Beds Market market is growing rapidly, driven by increasing end-user demand due to factors such as evolving consumer preferences, technological advancements, and greater awareness of the product's benefits. As demand rises, businesses are expanding their offerings, innovating to meet consumer needs, and capitalizing on emerging trends, which further fuels market growth.
Market players density refers to the distribution of firms or companies operating within a particular market or industry. It indicates how many competitors (market players) are present in a given market space relative to its size or total market value.
Major Companies operating in the Smart Hospital Beds Market are:
Disclaimer: The companies listed above are not ranked in any particular order.
The Smart hospital beds market is evaluated by gathering qualitative and quantitative data post primary and secondary research, which includes important corporate publications, association data, and databases. A few of the developments in the Smart Hospital Beds market are listed below:
The “Smart Hospital Beds Market Size and Forecast (2020–2030)” report provides a detailed analysis of the market covering below areas:
The estimated value of smart hospital beds market accounted US$ 3.5 billion in 2031.
Hill-Rom Holdings, Inc., Stryer Corp, B. Braun SE, Arjo AB, Invacare Corp, Paramount Bed Co., Ltd., Linet Spl, Malvestio SpA, Stiegelmeyer GmbH & Co. KG, and Baxter are the key players in the smart hospital beds market.
Digitalization in healthcare system to remain as a key trend for smart hospital beds market.
Technologically advanced smart beds in hospitals to favor market is one of the most influential factors responsible for market growth.
North America region dominated the smart hospital beds market in 2023.
The CAGR for smart hospital beds accounted 4.5% during 2023-2031.