Healthcare Smart Beds Market Size 2021 Analysis, Growth Strategy, Developing Technologies, and Forecast by 2030

Global Healthcare Smart Beds Market Size in 2021 was USD 561 Million, Market Value set to reach USD 1,166 Million at 8.6% CAGR by 2030

Healthcare Smart Beds Market Overview

The healthcare smart beds market has experienced a remarkable surge in demand, largely due to the growing need for advanced patient care solutions and the increasing prevalence of chronic diseases. These beds offer a wide range of unique applications, including pressure ulcer prevention, fall prevention, in-bed patient monitoring, and patient repositioning.
Healthcare smart beds come in three product types: manual, semi-electric, and fully-electric beds. Among these, the fully-electric beds are expected to hold the largest market share due to their advanced features and ease of use.

These beds find diverse applications across a range of healthcare settings, including hospitals, nursing homes, and home healthcare settings. They are designed to cater to the needs of different patient categories, including geriatric patients, individuals with chronic diseases, and those recovering from surgery or injury.

The healthcare smart beds market is segmented geographically into North America, Europe, Asia Pacific, and the Rest of the World, with North America expected to hold the largest market share due to the high healthcare expenditure and the presence of several key market players in the region.

Some of the key players in this market include Hill-Rom Holdings, Inc., Stryker Corporation, Invacare Corporation, Paramount Bed Holdings Co., Ltd., and Linet Group SE.

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Healthcare Smart Beds Market Research Report Highlights and Statistics

● The global Healthcare Smart Beds market size in 2021 stood at USD 561 Million and is set to reach USD 1,166 Million by 2030, growing at a CAGR of 8.6%
● Demand for healthcare smart beds is being driven by several factors, including the growing geriatric population, rising incidence of chronic diseases, increasing hospital admissions, and the need for cost-effective healthcare solutions.
● Healthcare smart beds come with several advanced features, such as pressure ulcer prevention, fall prevention, in-bed patient monitoring, and patient repositioning.
● North America is expected to hold the largest market share due to the high healthcare expenditure and the presence of several key market players in the region.
● Key players in the healthcare smart beds market include Hill-Rom Holdings, Inc., Stryker Corporation, Invacare Corporation, Paramount Bed Holdings Co., Ltd., and Linet Group SE.

Trends in the Healthcare Smart Beds Market

● Advanced monitoring: Smart beds equipped with advanced sensors and monitoring systems allow healthcare providers to track patient vitals and health indicators in real-time.
● Fall prevention: Smart beds equipped with fall prevention systems can detect when a patient is attempting to leave the bed and alert healthcare staff to intervene.
● Pressure ulcer prevention: Advanced smart bed designs can help reduce the risk of pressure ulcers by providing better support and positioning for patients.
● Automated patient repositioning: Smart beds that can automatically reposition patients at regular intervals can help reduce the risk of pressure ulcers and improve patient comfort.
● Smart alarms: Smart beds can be equipped with alarms that alert healthcare staff if a patient's vital signs fall outside normal ranges or if a patient attempts to leave the bed.
● Remote monitoring: Smart beds that can be remotely monitored allow healthcare providers to track patient health data and provide care from a distance.
● Sleep improvement: Smart beds equipped with features such as adjustable firmness and temperature control can help improve patients' sleep quality.

Healthcare Smart Beds Market Dynamics

● The growing prevalence of chronic diseases, which require extended hospital stays and complex care management.
● The rise in the geriatric population, who require specialized care and assistance, leading to a need for advanced patient monitoring and prevention systems.
● The need for cost-effective healthcare solutions that can help reduce hospital readmissions and lower the overall cost of care.
● Advances in smart bed technology, including the integration of sensors, artificial intelligence, and other advanced features.
● The growth of telemedicine and remote patient monitoring, which is driving demand for smart beds that can be remotely monitored and controlled.
● The need for improved sleep quality in healthcare settings, leading to demand for smart beds with adjustable firmness and temperature control features.
● The need to reduce the risk of pressure ulcers and other complications that can arise from extended bed rest, leading to a demand for smart beds with advanced repositioning and pressure ulcer prevention features.

Growth Hampering Factors in the Healthcare Smart Beds market

● High initial investment costs: Healthcare smart beds can be expensive, leading to high initial investment costs, which may deter some healthcare providers from adopting the technology.
● Limited availability of specialized features: Healthcare smart beds with specialized features, such as virtual reality integration or touchless controls, may not be widely available, leading to limited adoption.
● Technical complexity: Healthcare smart beds are complex devices that require specialized training to operate and maintain, leading to a lack of qualified personnel to operate the technology.
● Limited patient acceptance: Patients may be reluctant to use healthcare smart beds due to concerns about privacy, comfort, or unfamiliarity with the technology.
● Uncertain return on investment: The return on investment for healthcare smart beds may be uncertain, leading to limited adoption by healthcare providers.
● Maintenance costs: Healthcare smart beds require regular maintenance and repairs, which can be costly and time-consuming.

Market Segmentation

● By Type of Product
○ Fully Automatic
○ Semi-Automatic

● By Application
○ Hospitals
○ Medical Laboratories and Research
○ Outpatient Clinics
○ Medical Nursing Homes

● By Product Landscape
○ Artificial Intelligence
○ Marketing
○ Human Intelligence

● End User
○ E-commerce
○ Travel & Tourism
○ BFSI
○ Retail
○ Media and Entertainment
○ Healthcare
○ Others

Healthcare Smart Beds Market Key Players

Key players in the market include Hill-Rom Holdings Inc., Stryker Corporation, Invacare Corporation, Getinge AB, Linet spol. s r.o., Paramount Bed Co., Ltd., Joerns Healthcare LLC, Nexus DMS Ltd., Arjo AB, BAM Labs Inc., Merivaara Corp., Savion Industries Ltd., Responsive Surface Technology LLC, Span-America Medical Systems Inc., Tente International GmbH, Stiegelmeyer GmbH & Co. KG, Gendron Inc., Malvestio Spa, United Surgical Ltd., and Magnatek Enterprises Inc.

Healthcare Smart Beds Market Overview by Region

● North America's Healthcare Smart Beds market share is the highest globally. The region is home to some of the world's leading healthcare providers, as well as a large number of medical technology companies. The demand for healthcare smart beds in North America is being driven by the high prevalence of chronic diseases, as well as the increasing adoption of advanced medical technologies. The region is also a hub for innovation and research, with many healthcare providers and medical technology companies investing in the development of new and advanced smart bed technologies.
● The Asia-Pacific region's Healthcare Smart Beds Market share is also huge and is growing at the fastest rate, due to strong demand in countries such as China, Japan, and South Korea. The region is home to a large and rapidly aging population, which is driving demand for advanced healthcare solutions. The demand for healthcare smart beds in Asia Pacific is being driven by the need for cost-effective healthcare solutions, as well as the increasing adoption of advanced medical technologies. The region is also a hub for innovation and research, with many healthcare providers and medical technology companies investing in the development of new and advanced smart bed technologies.
● Europe is another key Healthcare Smart Beds market, with strong demand in countries such as Germany, France, and the UK. The region is home to some of the world's leading healthcare providers, as well as a large number of medical technology companies. The demand for healthcare smart beds in Europe is being driven by the need for cost-effective healthcare solutions, as well as the increasing prevalence of chronic diseases and an aging population. The region is also a leader in research and development, with many healthcare providers and medical technology companies investing in the development of new and advanced smart bed technologies.
● The South American and MEA regions have a smaller Healthcare Smart Beds market share, however it is expected to grow at a steady pace. The demand for healthcare smart beds in these regions is being driven by the need for cost-effective healthcare solutions.

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