The smart hospital beds 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.
Market Insights and Analyst View:
The smart hospital beds market size is growing rapidly due to the rising prevalence of chronic diseases such as cardiovascular disease, diabetes, and cancer, and a continuous increase in the geriatric population. The cases of diabetes are rising among people of all ages in all over the world due to the growing number of overweight and obesity cases, unhealthy diets, and physical inactivity. According to the International Diabetes Federation (IDF), Germany recorded 7,476,800 cases of diabetes in 2021. Moreover, approximately 270,000 new cases are diagnosed each year. The incidence percentage of diabetes increases with age, and it is more in people over 60. Furthermore, the burgeoning demand for smart beds can be attributed to the increased healthcare spending, which empowers the country’s technology adoption plans to transform conventional health facilities into smart ones. Smart hospital beds help medical staff in performing their routine tasks, saving time and effort while maintaining the quality of medical service and patient care.
Growth Drivers and Challenges:
The latest product innovations or upgrades encourage healthcare facilities to adopt new technologies. Governments are putting efforts into enhancing their healthcare infrastructure by providing funds to build hospitals with state-of-the-art technologies. A few of the latest developments by governments and companies in the smart hospital beds market are mentioned below.
- In February 2023, Stryker launched SmartMedic, the first ICU bed upgrade platform introduced in India, to enhance patient care and caregivers’ safety.
- In August 2022, Dozee partnered with Midmark India, one of the largest hospital bed manufacturers in South Asia, and launched a connected bed platform for non-ICU settings. The AI-powered contactless sensor from Dozee is integrated into the bed and is placed under the mattress to detect a patient's vital signs, including heart and respiration rates, temperature, oxygen saturation, and electrocardiogram (ECG). Additionally, it features an early warning system that warns healthcare professionals so they can act quickly.
- In February 2021, Hillrom acquired contact-free continuous monitoring technology from EarlySense for a value of US$ 30 million to strengthen its Centrella Smart+Bed designed to monitor heart and respiratory rates that are above 100 units per minute. The enablement by EarlySense technology allows Centrella Smart beds to send potential alerts to clinicians about the deterioration of patients’ health.
- In October 2020, the President of the UK affirmed to provide funding to 40 hospitals under the Health Infrastructure Plan (HIP) in the country. The President assigned funds of US$ 3 billion (£3.7 billion) for the first 40 hospitals to be built by 2030. In addition, 8 more schemes were committed to fund 48 more hospitals by 2030.
- In October 2020, Stryker launched its ProCurity, a fully wireless hospital bed. ProCurity is a smart bed designed ergonomically with a height of 11.5 inches to prevent or reduce in-hospital patient falls at all acuity levels. The beds have easy-to-use touchscreens and bed monitoring systems. The ProCurity smart beds are meant to improve the safety of patients, enhance the work efficiency of nursing staff, and lower the operating costs of hospitals. In February 2021, Stryker launched the safe, smart, and scalable ProCuity Bed Series, which is made available in 70 countries worldwide.
Such initiatives are contributing to the growth of the smart hospital beds market.
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Smart Hospital Beds Market: Strategic Insights
Market Size Value in US$ 526.28 million in 2022 Market Size Value by US$ 1,497.11 million by 2030 Growth rate CAGR of 14.0% from 2022 to 2030 Forecast Period 2022-2030 Base Year 2022
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Smart Hospital Beds Market: Strategic Insights
| Market Size Value in | US$ 526.28 million in 2022 |
| Market Size Value by | US$ 1,497.11 million by 2030 |
| Growth rate | CAGR of 14.0% from 2022 to 2030 |
| Forecast Period | 2022-2030 |
| Base Year | 2022 |
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Report Segmentation and Scope:
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).
- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
Segmental Analysis:
- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
The smart hospital beds market, by patient weight, is fragmented into less than 70 lb, 70 -150 lb, 150-400 lb, 400-500 lb, and greater than 500 lb. The 400-500 lb segment held the largest market share in 2022, and the same segment is anticipated to register the highest CAGR during the forecast period. Smart hospital beds with 400–500 lb weight capacity are modern nursing beds highly appropriate for recycling due to their adjustability features. The Advantage ReadyWide Bed Model offered by Span-America Medical Systems Inc. comes with Integrated Expansion and smart technologies, which enable hospital beds comprised of advanced clinical and resident positioning. The product delivers an expanded Safe Working Load (SWL) of 650 lb with the influx of features of the Standard (500 lb SWL) model.
The smart hospital beds market, by offering, is segmented into products & accessories, software & solutions, and services. The products & accessories segment held the largest market share in 2022; the services segment is anticipated to register the highest CAGR during the forecast period. Technological advancements are a major force that supports the launch of new and upgraded smart hospital beds enabled with innovative embedded-control functions and interactivity. These beds aid a comprehensive combination of three aspects: integrated solutions for patient care, assistance, and monitoring. Smart hospital bed products include wireless sensor networks (WSNs), offering 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.
Smart Hospitals Bed Market, by Offering – 2022 and 2030
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Based on end user, the smart hospital beds market is divided into hospitals, clinics and nursing homes, ambulatory surgical centers, medical laboratories, long-term care centers, and others. The hospitals segment held the largest market share in 2022. The clinics and nursing homes segment is anticipated to register the highest CAGR during the forecast period. Hospitals are complex organizations and institutes that provide healthcare to people by using specialized scientific equipment and a team of trained staff educated on the problems of modern medical science. Most surgeries are performed in hospitals and clinics as these facilities offer continuous patient care and monitoring. The rising prevalence of chronic diseases, growing geriatric population, and increasing number of hospitals and clinics primarily contribute to the growth of hospitals and clinics.
Regional Analysis:
Based on geography, the smart hospital bed market is divided into North America, Europe, Asia Pacific, the Middle East & Africa, and South & Central America. North America holds the largest share of the global smart hospital beds market. The US, Canada, and Mexico are the major contributors to the market growth in this region. The increasing prevalence of chronic diseases such as stroke, diabetes, and cancer majorly drives the smart hospital beds market growth in North America. Additionally, the surging incidence of obesity in the population and the rapid growth of the geriatric population is 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. As a result, patients suffering from chronic diseases may need to stay in hospitals for long periods. Smart beds gather information on the health status of patients and aid in statistical analysis. This results in increased 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 they can rapidly transmit data to designated systems.
The Asia Pacific smart hospital beds market is segmented into China, Japan, India, South Korea, Australia, and the Rest of Asia Pacific. The market growth in the region is driven by increased respiratory disorders, rise in the number of surgeries performed, expansion of the healthcare sector, and increasing awareness about smart hospital beds. China is known for technological advancements and evolving healthcare needs. Furthermore, integrating Internet of Things (IoT) capabilities and artificial intelligence (AI) smart hospital beds aligns with China’s emphasis on smart healthcare solutions, allowing real-time data collection and analysis to enhance patient outcomes. In April 2021, the Faculty of Engineering, Chulalongkorn University; True Group; King Chulalongkorn Memorial Hospital, and Thai Red Cross Society collaboratively developed the 5G Smart beds. The 5G sensors in these smart beds keep track of patients' movements when they try to sit up or get out of bed. Alerts triggered upon movement would allow nurses to rush to their assistance as soon as possible. These beds improve the quality of patients’ lives and reduce the risk of accidents for elderly people. Thus, the smart hospital bed market is expected to flourish in China with the continuous rise in the demand for more efficient and patient-centered healthcare solutions.
Industry Developments and Future Opportunities:
Various initiatives by key players operating in the Smart Hospital Beds Market are listed below:
- In March 2023, Stryker announced the launch of the SmartMedic platform at the 29th Annual Conference of the Indian Society of Critical Care Medicine in Indore. SmartMedic is a patient care platform that enhances the capabilities of existing hospital ICU beds.
- In November 2022, Linet Group acquired Pegasus Health Group (Sydney) to strengthen its presence in the Australian market. With this acquisition, Linet Group would offer its full range of premium services to customers in New South Wales, and it would thus continue to widen its global sales network. Australia is gaining high importance in Linet Group’s growth strategies due to its high-standard healthcare sector that is comparable to the US.
- In July 2022, Stryker announced the opening of its new research and development facility, Stryker’s Global Technology Centre (SGTC), at the International Tech Park, Gurgaon, India. The 150,000 sq. ft. facility would help accelerate innovation in India and globally, and further support the company’s mission to improve healthcare.
Competitive Landscape and Key Companies:
A few prominent players operating in the smart hospital beds market are 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. These companies focus on new product launches and geographic expansions to meet the growing consumer demand worldwide and increase their product range in specialty portfolios. Their global presence allows them to serve a large set of customers, subsequently allowing them to expand their market share.
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
Patient Weight, Offering, Application, End User, and Geography
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
This text is related
to country scope.
Frequently Asked Questions
Global smart hospital beds market is segmented North America, Europe, Asia Pacific, the Middle East & Africa, and South & Central America. North America is likely to continue its dominance in the smart hospital beds market during 2022–2028. The US holds the largest share of the market in North America and is expected to continue this trend during the forecast period.
The smart hospital beds market, by end user, is fragmented into less than hospitals, clinics & nursing homes, ambulatory surgical centers, medical laboratories, long term care centers, and others. The hospitals segment held the largest market share in 2022 and clinics & nursing homes segment anticipated to register the highest CAGR during the forecast period.
The smart hospital beds market comprises top players such as 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.
Every hospital room always has a hospital bed as a permanent fixture. Patients recuperate and rehabilitate there most of the time. Nowadays, hospital beds play a bigger part in medical care. Smart beds alert caregivers to the earliest signals of risk, which promotes better participation and care. The first concern while designing and building these smart beds was patient safety, and they have incredible features.
The key factor that is driving the healthcare smart beds market growth include increasing prevalence of chronic diseases, the rising number of life-saving surgeries, and intensifying frequency as well as the duration of hospital stays.
The smart hospital beds market, by offering, is fragmented into less than product & accessories, software & solutions, and services. The products & accessories segment held the largest market share in 2022 and services segment is anticipated to register the highest CAGR during the forecast period.
The List of Companies - Smart Hospital Beds Market
- 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
- Umano Medical Inc.
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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