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The frequency and duration of hospital stays have been growing as the incidence of chronic illnesses and the number of life-saving procedures have increased. Furthermore, the COVID-19 epidemic has created a considerable demand for smart beds in hospitals all over the world.
Healthcare Smart Beds Market Insights
Global healthcare smart beds market is valued at USD 452.86 million in 2021, and it is expetect to reach market size of USD 739.18 million by 2028, at a CAGR of 7.25% over the prediction period 2022–2028.
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Smart beds are linked to electronic medical records (EMR) or electronic health records (EHR), which provide a wealth of medical data, including personal statistics such as weight, body temperature, heartbeat, blood, oxygen, and other vital signs, medication, laboratory test results, allergies, and immunisation status. This helps healthcare practitioners decide the best course of action based on pertinent facts about a patient’s medical history. Moreover, nursing staff can use the provided data to enhance patient care.
Healthcare Smart Beds Market Segmental Analysis
Global healthcare smart beds market is segmented based on application into hospitals, outpatient clinics, medical nursing homes, medical laboratory and research. By region, it is categorized into North America, Europe, Asia-Pacific, South America, and MEA.
Healthcare Smart Beds Market Competitive Landscape
Global healthcare smart beds market has become highly competitive on account of strong presence of numerous well-established players. These players are also controlling a sizable portion of the global market. On the other hand, SMEs are struggling to expand their expansion and are majorly catering to local or regional markets with limited product portfolio. It has been found that most of the leading players are focused on strengthening their distribution network in order to tap the maximum possible market share. As a result, they have become prominent brands and able gain consumer’s trust in their products.
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Top Players Company Profiles
- Stryker Corporation (US)
- Hill-Rom Holdings, Inc. (US)
- Invacare Corporation (US)
- Paramount Bed Holdings Co., Ltd. (Japan)
- LINET (Czechia)
- Joerns Healthcare LLC (US)
- Stiegelmeyer GmbH & Co. KG (Germany)
- Arjo (Sweden)
- Völker GmbH (Germany)
- Favero Health Projects SpA (Italy)
Healthcare Smart Beds Market Regional Insights
North America dominated the global healthcare smart beds market in 2021, accounting for more than 55% of the global market revenue. This is because healthcare smart beds are employed in acute care or long-term care institutions. North America has the best quality healthcare in the world. This is because it is a region that has been influenced by many different cultures and has developed its own unique system of healthcare.
North America has a wide variety of healthcare providers across the US and Canada, which means that everyone can find a doctor that specializes in their area of concern. There are also many hospitals and clinics throughout the continent, which means that anyone can get the care they need without having to travel long distances. Furthermore, the healthcare system is funded by government agencies, so it is highly accessible to everyone.
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