US and Europe Smart Hospital Beds Market Share and Forecast by 2028

The US and Europe smart hospital beds market is expected to grow from US$ 405.20 million in 2022 to US$ 859.45 million by 2028; it is expected to grow at a CAGR of 13.4% from 2022 to 2028. 

Increasing investments in healthcare infrastructure, rising advantages of smart beds, and the growing geriatric population are a few factors driving the US and Europe smart hospital beds market growth.

Automation has led to a reduced dependency on human workforces in many industries. Adopting technically advanced products has impacted ~90% of the work performed daily by individuals. Technological advancements have abundantly benefitted the healthcare sector, and numerous hi-tech medical devices with embedded control functions are now available for the efficient operation of this sector. Smart beds indicate technological progress in the healthcare sector. These beds have become an integral part of hospitals, nursing care facilities, specialized clinics, and home care.

Smart hospital beds are equipped with all necessary specifications that enable efficient operations of healthcare providers or caregivers. They enable faster recovery of patients by making the necessary movements hassle-free. These beds are also equipped with monitoring systems that can be used to send alerts to nurses. Companies also offer smart beds with communication systems that connect directly to nursing departments. Communications allow nurses to remotely monitor patients' medical conditions and vital functions. In addition, smart beds are now combined with remote sensors, further contributing to better infrastructures. Other advantages of modern smart beds include their ability to identify patients’ health patterns, keep healthcare providers well-informed, and assist them in decision-making related to health and intervention.

Customize This Report To Suit Your Requirement

You will get customization on any report - free of charge - including parts of this report, or country-level analysis, Excel Data pack, as well as avail great offers and discounts for start-ups & universities

Get FREE CUSTOMIZATION

US and Europe Smart Hospital Beds Market: Strategic Insights

US and Europe Smart Hospital Beds Market

• Market Size 2022
  US$ 405.20 Million
• Market Size 2028
  US$ 859.45 Million

Market Dynamics

GROWTH DRIVERS

• XXXXXXX
• XXXXXXX
• XXXXXXX

FUTURE TRENDS

• XXXXXXX
• XXXXXXX
• XXXXXXX

OPPORTUNITIES

• XXXXXXX
• XXXXXXX
• XXXXXXX

Regional Overview

• US and Europe

Market Segmentation

Patient Weight

• Less than 70 lb
• 70 to 150 lb
• 150 to 400 lb
• 400 to 500 lb
• Greater than 500 lb

Offering

• Products & Accessories
• Software & Solutions
• Services

Application

• Fall Prevention
• Pressure Injury Prevention
• Patient Deterioration & Monitoring

End User

• Hospitals
• Clinics & Nursing Homes
• Ambulatory Surgical Centers
• Medical Laboratories
• Long Term Care Centers

• Get Top Key Market Trends of this report.
  This FREE sample will include data analysis, ranging from market trends to estimates and forecasts.

Free Sample PDF

A few other features of smart hospital beds include height adjustment features, smart side rails, and wireless connections. The transformation of normal hospital beds to highly networked devices that use software solutions is categorized as Class II medical devices. With further upgrades in smart bed technologies, these beds are anticipated to deliver research information on different medical and health aspects, perform statistical analysis, and collect patient data. These potential abilities of smart hospital beds encourage significant investments in the modernization of healthcare infrastructure, leading to the growing demand for smart hospital beds.

According to estimates provided by the Organization for Economic Cooperation and Development (OECD) in 2021, OECD member countries have increased the overall healthcare expenditure from 3% in 2018 to 8% by 2030. For instance, European Union (EU) launched EU4Health Programme with an investment of US$ 5 billion (€5.3 billion), focusing on reinforcing health data collected from patients, digital tools and services, and digital transformation of healthcare. The UK has plans to invest US$ 1.6 billion (£2 billion) in the digital transformation of the National Health Services (NHS). Such investments are likely to enhance the installation of smart hospital beds in the healthcare sectors in European countries.

Lucrative Regions for US and Europe Smart Hospital Beds Market

Application Segment Insight

Based on application, the smart hospital beds market is segmented into less than product and fall prevention, pressure injury prevention, patient deterioration and monitoring, and others. The fall prevention segment held the largest market share in 2022, and the others segment is anticipated to register the highest CAGR during the forecast period. Patients fall prevention in hospitals is an important part of a patient safety plan. Also, patient falls are among the leading cause of morbidity and mortality in hospitals and healthcare systems, accounting for at least 30% of occurrences resulting in severe injuries to the patient. The CareView company article reveals that hospital falls have increased costs by ~US$ 14,000 per patient stay on average. Also, the average fall costs about US$ 8,000 in diagnostic testing. Therefore, companies are designing smart hospital beds with five main features: low height beds, bed-exit detection systems, bed event data and history logs, staff communication, and a clear view of surroundings. The Centrella smart beds incorporated at the University Hospital involve technology to reinforce patient safety measures and make it convenient for nurses. The new smart bed offers a variety of safety features, such as a motion-activated night light, and is connected to the hospital's call system for alerts to be intimate directly in the nurse's smartphone. Such technological advancement and innovative smart hospital bed designs ultimately influence the fall prevention segment growth, thereby dominating the smart hospital beds market growth.

A rise in the prevalence of chronic diseases such as diabetes, cancer, etc.; lifestyle diseases such as obesity; rapid growth of the geriatric population; longer hospital stay after necessary surgery procedure; technological advancements in smart hospital beds; and favorable reimbursement policies are a few factors expected to fuel the growth of the smart hospital beds market in the US.

In addition, patients suffering from chronic diseases such as diabetes, cancer, cardiovascular disease, immune deficiencies, multiple sclerosis, and rheumatoid arthritis need long-term monitoring and treatment. This leads to regular hospital visits, and in the condition of multiple chronic diseases, the patient is required to stay in the hospital for a longer period of time. Smart beds are expected to benefit patients and improve health systems by delivering research information on medical and health status, statistical analysis, and data collection. Collecting data on patients increases efficiency and accurate diagnostics for healthcare providers and medical professionals while paving the way to reduce the number of hospital readmissions. Smart beds can create a network of connected devices, mechanical and digital gear, or people with unique identifiers and the ability to send data rapidly. Also, the market players are introducing advanced technology in smart hospital beds; for example, in October 2020, Stryker introduced the ProCuity smart bed, a completely wireless hospital bed with many smart patient monitoring capabilities. Stryker's Secure Connect technology, which offers a wireless connection to nurse call systems, has been incorporated into ProCuity.

US and Europe Smart Hospital Beds Market, by Product Type – 2022 and 2028

Access Data

Companies operating in the smart hospital beds market adopt the product innovation strategy to meet the evolving customer demands worldwide, permitting them to maintain their brand name in the global market.

Smart Hospital Beds Market – Segmentation

Based on patient weight, the smart hospital beds market is segmented into less than 70 lb, 70 to 150 lb, 150 to 400 lb, 400 to 500 lb, and greater than 500 lb. Based on offerings, the smart hospital beds market is segmented into products & accessories, software & solution, and services. Based on application, the market is categorized into fall prevention, pressure injury prevention, patient deterioration and monitoring, and others. Based on smart hospital beds end user, the market is segmented into hospitals, clinics & nursing home, ambulatory surgical centers, medical laboratories, long-term care centers, and others. Based on region, the market is primarily bifurcated into the US and Europe. The market in Europe is further segmented into Germany, the UK, France, Italy, Spain, and the Rest of Europe.

A few of the leading companies operating in the US and Europe smart hospital beds market are Hill-Rom Holdings, Inc.; Stryker; Arjo; Invacare Corporation; PARAMOUNT BED CO., LTD.; GF Health Products, Inc.; Malvestio Spa; Span America; Savion Industries; and Stiegelmeyer GmbH & Co. KG.

US and Europe Smart Hospital Beds Report Scope