Products & Accessories Dominated the Offering Segment in Smart Hospital Beds Market
According to our new research study on "Smart Hospital Beds Market Size and Forecasts (2020 - 2030), Global and Regional Share, Trends, and Growth Opportunity Analysis – by Patient Weight, Offering, Application, and End User," the market was valued at US$ 526.28 million in 2022 and is expected to reach US$ 1,497.11 million by 2030. It is estimated to register a CAGR of 14.0% during the forecast period.
Smart beds are connected to electronic medical record (EMR) or electronic health record (EHR) systems that provide medical information such as personal data including weight, body temperature, heartbeat, blood pressure, oxygen saturation, and other vital signs; medication; results of laboratory tests; allergies; and immunization status. Doctors can choose the best course of action for a patient based on pertinent information about their medical history, and nursing staff can help patients receive better care. The frequency and length of hospital stays have been rising along with the incidence of chronic diseases and the advancements in medical sciences that have given rise to a number of life-saving procedures.
The smart hospital beds market, by offering, is segmented into products and accessories, software and solutions, and services. The products & accessories segment held the largest market share in 2022. The services segment is anticipated to register the highest CAGR of 14.0% during the forecast period. Technological advancements are a major force that supports the launch of new and upgraded smart hospital beds enabled with highly developed embedded-control functions and interactivity. Smart hospital bed products include wireless sensor networks (WSNs) that offer a seamless and efficient solution to avoid bedsores in motion-impaired patients. Simple software (apps) with electronic intelligence has transformed smart hospital bed products into highly networked appliances. Software plays a vital role in hospital bed management systems, creating a better and safer environment for patients and medical staff. Smart hospital bed management is a constantly evolving space and is not controlled at the process level. For example, STAT Bed Management software manufactured by CHRISTIE INNOMED offers a real-time, global view of the status of hospital beds, replacing outdated and chaotic whiteboard systems with a single and optimized screen. The software provides real-time patient localization details; coordination of related tasks; and scalable, multi-facility management.
Smart Hospital Beds Market
Smart Hospital Beds Market Size and Forecasts (2020 - 2030), Global and Regional Share, Trends, and Growth Opportunity Analysis Report Coverage: By Patient Weight (Less than 70 lb, 70–150 lb, 150–400 lb, 400–500 lb, and Greater than 500 lb), Offering (Products & Accessories, Software & Solutions, and Patient Weight), Application (Fall Prevention, Pressure Injury Prevention, Patient Deterioration & Monitoring, and Others), End User (Hospitals, Clinics & Nursing Homes, Ambulatory Surgical Centers, Medical Laboratories, Long Term Care Centers, and Others), and Geography
Smart Hospital Beds Market Size Report | Share Forecasts to 2030
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Solutions incorporated with software confer the ability to plan bed management, focusing on pre-admissions, emergencies, and transfers from other facilities. The solutions also provide insights into bed availability as per the planned and/or confirmed discharges, which aids in planned transfers. Further, the solutions display a visual warning for isolation rooms, streamlining communications between all departments in one management system involving bed management, care units, coordinators, surgery departments, admission, housekeeping, and stretcher-bearers.
Region Analysis – Smart Hospital Beds Market
Based on geography, the smart hospital beds market is primarily segmented into North America, Europe, Asia Pacific, the Middle East & Africa, and South & Central America. North America holds the largest share of the global market. The US, Canada, and Mexico are the major contributors to the market growth in this region. The growth of the smart hospital beds market in North America is majorly driven by the increasing prevalence of chronic diseases such as stroke, diabetes, and cancer. Additionally, the surging incidence of obesity in the population and rapid growth of the geriatric population are expected to fuel the demand for smart hospital beds in the region in the coming years.
The US is the largest market for smart hospital beds in North America. The growth of the smart hospital beds market in the US is majorly driven by the increasing prevalence of chronic diseases such as diabetes and cancer, and lifestyle diseases such as obesity; rapid growth of the geriatric population; longer hospital stays after critical surgery procedures; availability of technologically advanced smart hospital beds; and favorable reimbursement policies. Patients suffering from chronic diseases such as cancer, cardiovascular diseases, immune deficiencies, multiple sclerosis, and rheumatoid arthritis need long-term monitoring and treatment.
According to the Centers for Disease Control and Prevention (CDC), ~695,000 people in the US died from heart disease in 2021, and 1 in 6 deaths from cardiovascular disease was due to stroke. As per CDC, more than 795,000 people in the country suffer from a stroke every year. According to the latest Global Burden of Disease (GBD) data published in 2020, the US has a high prevalence of ischemic heart disease, lung cancer, chronic obstructive pulmonary disease (COPD), stroke, diabetes, Alzheimer's disease, and chronic kidney disease, among others, which can be associated with the increase in the demand for hospitalization and acute care, fueling the smart hospital beds market growth.
Hill-Rom Holdings Inc, Stryker Corp, B. Braun SE, Arjo AB, Invacare Corp, Paramount Bed Co Ltd, Linet Spl, Malvestio SpA, Stiegelmeyer GmbH & Co. KG, and Umano Medical Inc. are among the leading companies operating in the smart hospital beds market.
The report segments the smart hospital beds market as follows:
The smart hospital beds market is segmented on the basis of patient weight, application, offering, and end user. By patient weight, the smart hospital beds market is segmented into less than 70 lb, 70-150 lb, 150-400 lb, 400-500 lb, and greater than 500 lb. The market, based on application, is segmented into fall prevention, pressure injury prevention, patient deterioration & monitoring, and others. On the basis of offering, the smart hospital beds market is segmented into products & accessories, software & solutions, and services. On the basis of end user, the smart hospital beds market is segmented into hospitals, clinics & nursing homes, ambulatory surgical centers, medical laboratories, long term care centers, and others. In terms of geography, the smart hospital beds market is segmented into North America (the US, Canada, and Mexico), Europe (the UK, Germany, France, Italy, Spain, and Rest of Europe), Asia Pacific (China, Japan, India, Australia, South Korea, and Rest of Asia Pacific), the Middle East & Africa (the UAE, Saudi Arabia, South Africa, and Rest of the Middle East & Africa), and South & Central America (Brazil, Argentina, and Rest of South & Central America).
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