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.
| Report Attribute | Details |
|---|---|
| Market size in 2022 | US$ 405.20 Million |
| Market Size by 2028 | US$ 859.45 Million |
| Global CAGR (2022 - 2028) | 13.4% |
| Historical Data | 2020-2021 |
| Forecast period | 2023-2028 |
| Segments Covered |
By Patient Weight
|
| Regions and Countries Covered | US and Europe
|
| Market leaders and key company profiles |
The CAGR value of the smart hospital beds market during the forecasted period of 2022-2028 is 13.4%.
400 to 500 lb segment held the largest share of the market in the US and Europe smart hospital beds market and held the largest market share in 2022.
Key factors that are driving the growth of this market are increasing investments in healthcare infrastructure and advantages of smart beds growing geriatric population to boost the market growth for the smart hospital beds over the years.
Smart hospital beds are integrated solutions for supporting and monitoring patient care based on a multidisciplinary design approach. Smart hospital beds support patients that enables the doctors to deliver a thorough checkup and administer treatment and other medical facilities. Along with technological developments, hospital beds are also converted to watch a patient’s resting movement. A smart hospital bed is well-furnished with the most advanced technology for patient care.
The fall prevention segment dominated the US and Europe smart hospital beds market and held the largest market share in 2022.
The smart hospital beds market majorly consists of the players such Hill-Rom Holdings, Incc, Stryker, Arjo, Invacare Corporation, PARAMOUNT BED CO., LTD., GF Health Products, Inc., Malvestio Spa, Span America, Savion Industries, Stiegelmeyer GmbH & Co. KG, and Other Market Participants .
Hill Rom Holdings, Inc. and Stryker are the top two companies that hold huge market shares in the US and Europe smart hospital beds market.
The US and Europe smart hospital beds market is segmented by region into US, Europe region overall and information by separate countries such as the UK, Germany, France, Italy, Spain, and Rest of Europe. The US held the largest market share of the smart hospital beds market in 2022.