Markntel Advisors has recently published a research report, titled, Global Smart Hospital Beds Market. The company estimates the smart hospital bed market will grow at a CAGR of around 12.5% during 2024-30. The report has ascribed this growth to factors such as increased investments in healthcare infrastructure, a growing elderly population, and technological advancements. The incorporation of Internet of Things (IoT), artificial intelligence, and sophisticated sensors in smart hospital beds is another factor responsible for such growth. These advancements not only enhance the beds’ capabilities but also elevate the standard of patient care, leading to increased efficiency in healthcare systems. As the demand for advanced healthcare solutions continues to rise, the smart hospital beds market is undergoing transformation, influencing the landscape of patient care and hospital management worldwide.
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Global Smart Hospital Beds Market Segments
The Global Smart Hospital Beds Market witnessed significant dominance from the 401 to 500 lb. weight capacity segment. Specifically designed to support weights ranging from 401 to 500 lbs., this segment is highly acclaimed for its versatility. Integrating advanced expansion and smart technologies, these beds provide sophisticated clinical and resident positioning features. Notably, the bed showcases an increased safe working load (SWL) of 650 lbs., surpassing the standard model with 500 lbs. SWL marks a remarkable progression in smart hospital bed technology.
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Hospitals have emerged as the dominant force in the market, claiming the largest market share and underscoring their essential role in healthcare provision. With their intricate organizational structure and reliance on specialized scientific equipment, hospitals play a vital role in delivering ongoing patient care and facilitating diverse medical procedures. The market’s robust growth is propelled by factors such as the rising prevalence of chronic diseases, an increasing elderly population, and the continual expansion of hospital networks worldwide.
Leading the charge in the Global Smart Hospital Beds Market, North America asserts dominance propelled by a confluence of factors. The region’s advanced healthcare infrastructure, complemented by a population inclined towards technology, has expedited the integration of cutting-edge healthcare solutions. With a strong presence of key industry players and proactive adoption of smart technologies in healthcare, North America commands a significant market share. The region’s leadership is further fueled by the escalating incidence of chronic diseases, a concerted effort to enhance patient outcomes, and an increasing awareness of the advantages associated with smart beds.
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The prominent players in the market are Umano Medical Inc., Paramount Bed Co., Ltd., Stryker Corporation, LINAK A/S, Drive DeVilbiss Healthcare, Ltd., Baxter, VitalGo Inc., Malvestio Spa, Arjo, Stiegelmeyer & Co. GmbH, LINET Group, Savion Industries, Joerns Healthcare, Favero Health Projects S.p.A., Ostrich Mobility Instruments Pvt. Ltd., and others.
Recently, Stryker launched SmartMedic, the first ICU bed upgrade platform in India, designed to enhance patient care and ensure the safety of healthcare providers. Earlier in 2021, Hillrom acquired EarlySense’s contact-free continuous monitoring technology for USD 30 million, bolstering the capabilities of the Centrella Smart+Bed to monitor elevated heart and respiratory rates. The incorporation of EarlySense technology enables Centrella Smart Beds to notify clinicians of potential health deterioration in patients promptly.
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