Healthcare Smart Beds Market: Growth of Market Size, Market Dynamics and Forecast Period (2024-2030)

Healthcare Smart Beds Market Overview

The electronic medical records (EMR) or electronic health records (EHR) that smart beds are connected to provide a wealth of medical information, including personal data like weight, body temperature, heartbeat, blood pressure, oxygen saturation, and other vital signs, medication, results of laboratory tests, allergies, and immunisation 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 number of life-saving procedures.

 

Additionally, the COVID-419 outbreak has increased the need for smart beds in hospitals around the world. Governments from all around the world are investing more money in creating and deploying ambulatory facilities. Because of the improved accessibility and lower treatment costs as a result, the market is anticipated to develop over time. For instance, the Hospital Readmissions Reduction Programme (HRRP) for Medicare was launched by the American government as part of the Affordable Care Act.

 

 

To get more Insights: Request Free Sample Report

 

Healthcare Smart Beds Market Dynamics: Drivers, Opportunities, Challenges and Restraints

As a result of the rising prevalence of chronic diseases worldwide, there is a rising demand for healthcare services. By enabling real-time monitoring of patient vital signs and other data, smart beds can aid in improving the management of chronic diseases. The demand for smart beds is being driven by the growing number of operations being performed globally. By offering features like patient positioning and weight-bearing aid, smart beds can contribute to enhancing the safety and effectiveness of surgical procedures. Patient safety is becoming more and more important, and smart beds can contribute to that improvement by reducing the risk of falls, pressure ulcers, and other issues.

 

The market for healthcare smart beds is expanding as a result of the quick development of technology. Smart beds are becoming more sophisticated and competent as new technologies like artificial intelligence (AI) and the Internet of Things (IoT) are implemented into them. The demand for smart beds is being fuelled by governments' increased regulation of the healthcare sector. By offering data on patient care and outcomes, smart beds can assist hospitals and other healthcare facilities in complying with regulations.

 

Healthcare Smart Beds Market Opportunities

Increased need for patient monitoring and safety. By keeping an eye on vital signs, reducing falls, and warning personnel of possible issues, smart beds can assist to increase patient safety. Remote patient monitoring is becoming more necessary. Remote patient monitoring is possible with smart beds, which can enhance care coordination and cut expenses. The ageing population is increasing the need for long-term care, which is a key factor driving the market for smart beds. Smart beds now have more options because to the development of new technologies like artificial intelligence and machine learning. Smart beds are becoming more and more required in healthcare facilities by the government.

 

Healthcare Smart Beds Market Challenges

The smart beds are a relatively new invention, they are nevertheless quite pricey. Adoption may be hampered by this, particularly in underdeveloped nations or hospitals with limited funding. For smart beds to be truly successful, they must be integrated with the current hospital IT systems. This could be a difficult and drawn-out process that interferes with interoperability. Smart beds gather and retain a lot of private patient information, raising security concerns. This information must be shielded from unauthorised access and manipulation. Because smart beds are a novel technology, some medical professionals could be reluctant to use them. This may be as a result of reservations about the technology itself or the time and effort needed to become proficient with it. Because smart beds are complicated machines, they need ongoing maintenance and assistance. Hospitals with minimal resources may find this difficult.

 

Healthcare Smart Beds Market Restraints

Installing, maintaining, and using smart beds calls for a certain level of technological know-how. Some healthcare facilities may find this difficult, especially those with low funding. In order to function properly, smart beds must be able to communicate with other medical equipment and systems. However, there are certain interoperability problems at the moment that require attention. Traditional beds cost less than smart beds, which can make them less popular in some healthcare settings. A lot of patient data is collected and transmitted by smart beds. This information must be shielded against misuse and unauthorised access. Some medical professionals could be hesitant to use smart beds because they don't understand the technology or are worried about the possible risks.

 

Healthcare Smart Beds Market Trends

Beds that are networked and capable of sending data to a centralised monitoring system are referred to as connected beds. This enables medical professionals to keep an eye on patients from a distance and act fast if necessary. The expanding application of machine learning and artificial intelligence in smart beds. These technologies can be utilised to automate processes like changing the position of the bed or keeping track of vital indicators. Nurses and other healthcare professionals may be able to concentrate on other responsibilities as a result. Smart beds can be utilised to give patients a more relaxing and individualised experience. For instance, beds can have features that let patients change their posture or call for assistance.

 

Healthcare Smart Beds Market Regional Analysis

North America: North America's healthcare smart bed market is primarily concentrated in the United States. The rising incidence of chronic diseases, the ageing population, and the rising demand for patient security and safety are the main factors driving market expansion in the United States.

 

Europe: The main markets for healthcare smart beds in Europe are Germany, France, and the United Kingdom. Similar considerations to those in North America are fuelling market expansion in Europe.

 

Asia-Pacific: China, Japan, and India are the region's three largest markets for healthcare smart beds. Increased government measures to encourage the implementation of smart technology in healthcare, rising disposable income, and increased awareness of the advantages of smart beds are all factors driving the market's expansion in the Asia-Pacific region.

 

Latin America: Brazil is Latin America's biggest market for smart beds used in healthcare. The increasing government investments in healthcare infrastructure and the growing knowledge of the advantages of smart beds are what are driving the market expansion in Latin America.

 

Middle East and Africa: The Middle East and Africa represents a modest market for smart beds for medical use. However, the industry is anticipated to expand significantly over the next several years as a result of increasing disposable income and government measures to encourage the use of smart technology in healthcare.

 

Healthcare Smart Beds Market Segment Analysis

By Type: The market is segmented into manual, semi-automatic and automatic beds. The automatic segment is likely to grow at the fastest CAGR during the forecast years, owing to the growing demand for beds that can provide a choice of features and functionalities, such as patient monitoring, pressure ulcer prevention and fall prevention.

 

By Application: The market is segment into home healthcare, hospitals, outpatient clinics and others. The hospitals segment is likely to dominate the market during the forecast years, owing to the high demand for smart beds in critical care units, operating rooms and others hospital settings.

 

By End-User: The market is segmented into two segment that is commercial and institutional. The institutional segment is expected to grow at the fastest CAGR during the forecast years, owing to the increasing adoption of smart beds in hospitals, nursing homes and other healthcare facilities.

 

 

Healthcare Smart Beds Market Competitive Landscape

The existence of multiple seasoned competitors is what distinguishes the market for healthcare smart beds. These companies control a large portion of the market and are widely recognized. Additionally, there are small-to-midsized businesses in the industry that primarily target local customers while providing a limited selection of smart bed products. The bulk of the industry's established players have extensive global distribution networks to connect with their sizable consumer bases, which has a significant impact on the market.

 

Arjo: Everything we do is centred on empowering movement. Our design strategy for products is centred on it. It's how we keep healthcare professionals flexible and productive. Allowing carers to move freely and effectively is the goal. For patients, improving mobility is important because it fosters recovery, dignity, and independence. The company had a revenue of 1841 Million in 2022.

 

Joerns Healthcare: We are the one-stop shop for streamlining care delivery. We use our resources—people, goods, and expertise—to maximize your productivity and performance. Because you need to focus on your patients' needs wherever you provide healthcare, our work equips you to do so. The Company had a revenue of $312.9 Million in 2022.

 

Healthcare Smart Beds Market Scope Table

Healthcare Smart Beds Market
Market Size in 2023	USD 514.16 Mn.
Market Size in 2030	USD 784.92 Mn.
CAGR (2024-2030)	6.23 %
Historic Data	2018-2022
Base Year	2023
Forecast Period	2024-2030
Segment Scope	By Type Manual Semi-Automatic Automatic
	By Application Hospitals Outpatient Clinics Home Healthcare Others
	By End-User Commercial Institutional
Regional Scope	North America- United States, Canada, and Mexico Europe – UK, France, Germany, Italy, Spain, Sweden, Austria, and Rest of Europe Asia Pacific – China, India, Japan, South Korea, Australia, ASEAN, Rest of APAC Middle East and Africa - South Africa, GCC, Egypt, Nigeria, Rest of the Middle East and Africa South America – Brazil, Argentina, Rest of South America

 

Healthcare Smart Beds Market Key Players

• LINET
• Joerns Healthcare LLC
• Arjo
• Stiegelmeyer GmbH & Co. KG
• Volker GmbH
• Favero Health Projects SpA
• Paramount Bed Holdings Co., Ltd.
• Invacare Corporation
• Hill-Rom Holdings, Inc.
• Stryker Corporation