Automated hospital beds Market 2023 Leading Player | Gendron Inc, Hill-Rom, Medline Industries Inc, Paramount Bed Holdings, Stryker

Automated hospital beds are specially designed for hospitalized patients who are in need of some form of health care services. These hospitals beds can provide comfort and well-being of the patient and convenience to the health care workers. Most common features of the automated hospital beds are automatic height adjustment of the entire bed including the head and the feet, adjustable side rails, and electronic buttons to operate both the bed and other nearby electronic devices.

The Global Automated Hospital Beds Market is expected to grow at a CAGR of 5.97% during the forecast period 2018-2023.

Growing demand for automated hospital beds, increasing geriatric population, increasing inflow of patient population, and increasing technological advancements in the healthcare drive the growth of the market.

Key Players:

Some of the key players in this market:

ArjoHuntleigh,
Gendron Inc.,
Hill-Rom,
Invacare Corporation,
Linet spol. s r.o.,
Medline Industries Inc.,
Paramount Bed Holdings Co. Ltd.
Stryker

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Key Findings:

The global automated hospital beds market and is expected to reach USD 2,553.4 million by 2023 at CAGR of 5.97%.
Fully Automatic hospital bed segment accounted for 55% share of the global automated hospital beds market, by type in 2016 and is expected to reach USD 1,571.9 million by 2023
Europe holds the largest market share of the automated hospital beds and was valued USD 572.7 million in 2016 and is expected to reach USD 893.8 million by 2023
Asia Pacific is the fastest growing region across the globe and expected to grow at a rate of CAGR 4.42% during the forecast period.

Regional Analysis

The global automated hospital beds market consists of four regions: Europe, the Americas, Asia Pacific, and the Middle East & Africa.

The Europe dominates the global market owing to the presence of huge patient population, increasing technological development, and huge healthcare expenditure. Additionally, continuous technological development and the growing presence of the global market leaders contribute to the market growth.

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The Americas accounts for the second largest market due to strong economic conditions and rising investment in research and development. Moreover, increasing investments in reputed research centers and government institutions is expected to fuel the growth of this market. Additionally, significant investments by hospitals to upgrade their equipment including beds is likely to increase the growth of the market. According to WHO, the North American population is projected to grow by 42% from 2000 to 2050, which is likely to increase the demand for the healthcare product.

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