The latest report from Reports and Data reveals that in 2022, the global Healthcare Smart Beds Market reached a size of USD 2.43 Billion and is anticipated to achieve a revenue Compound Annual Growth Rate (CAGR) of 7% throughout the forecast period.
Smart beds are interconnected with Electronic Medical Records (EMR) or Electronic Health Records (EHR), enabling the collection of a wide range of medical data, including weight, body temperature, heartbeat, blood, oxygen levels, and other crucial indicators, as well as information on medication, laboratory test results, allergies, and immunization status. This surge in demand for healthcare smart beds is primarily being fueled by the pursuit of cost-effective healthcare solutions and the increased healthcare expenditure in developing nations.
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Moreover, the market revenue of smart beds is poised for substantial expansion due to their expanding usage in home healthcare settings. The demand for home healthcare services is steadily increasing, primarily driven by the aging population and the growing prevalence of chronic illnesses. Additionally, the incorporation of Artificial Intelligence (AI) and Machine Learning (ML) technologies into smart beds holds significant promise in delivering personalized care, monitoring vital signs, and tracking sleep patterns. These advancements play a pivotal role in enhancing the overall quality of life for patients.
According to research conducted by AARP, over 19 million seniors aged 65 and above in the United States currently utilize adjustable beds for their daily sleep routines.
Key players in the Healthcare Smart Beds Market:
- Stryker Corporation
- Hill-Rom Holdings, Inc.
- Linet Group SE
- Invacare Corporation
- Getinge AB
- Medline Industries, Inc.
- Paramount Bed Co., Ltd.
- Span-America Medical Systems, Inc.
- Stiegelmeyer GmbH & Co. KG
- Joerns Healthcare LLC
Some Key Highlights in the Report:
- The global healthcare smart beds market witnessed dominant revenue generation from fully automatic smart beds during the forecast period. This can be attributed to the array of features integrated into these beds, including pressure sensing, bedside controls, alarms, and safety measures, all conveniently adjustable and monitorable through remote controls. Fully automatic smart beds possess self-adjusting capabilities, effortlessly adapting to patients’ changing needs. These beds prove especially advantageous for elderly patients requiring continuous monitoring and assistance. Moreover, healthcare providers prefer fully automatic smart beds as they reduce nursing staff’s workload, enabling them to concentrate on other critical tasks.
- In 2022, the hospitals segment experienced the highest growth rate in revenue within the global healthcare smart beds market. This growth can be attributed to the increasing adoption of technology in healthcare, a rising patient population, and growing demand for enhanced patient care. Smart beds play a pivotal role in assisting hospitals in improving patient outcomes by reducing the risk of pressure ulcers, falls, and other immobility-related issues. Additionally, these beds facilitate patient tracking and monitoring, allowing medical practitioners to respond promptly to changes in their condition.
- The North American market held the largest share of revenue in the global healthcare smart beds market in 2022. This is primarily due to the widespread use of face recognition technology across various industries, including government, law enforcement, and retail. Furthermore, the rising demand for surveillance and security systems in public spaces, coupled with the presence of major face recognition technology providers such as IBM, Amazon, and Microsoft, is expected to drive revenue growth in this region.
- During the forecast period, the Asia Pacific market is projected to witness the highest revenue growth rate in the global healthcare smart beds market. This is attributed to the increasing adoption of face recognition technology in the retail sector. The utilization of face recognition technology in retail establishments enables faster customer identification and enhances personalized shopping experiences. Additionally, the substantial population in countries like China and India, coupled with a growing demand for advanced security and surveillance systems in public areas such as airports and railway stations, is expected to fuel revenue growth in this region.
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For the purpose of this report, Reports and Data has segmented the global healthcare smart beds market on the basis of Product Type Outlook, Application Outlook, Technology Outlook, and Regional Outlook:
Product Type Outlook (Revenue, USD Billion; 2022 – 2032)
- Manual
- Semi-automatic
- Fully Automatic
Application Outlook (Revenue, USD Billion; 2022 – 2032)
- Hospitals
- Outpatient Clinics
- Medical Nursing Homes
- Medical Laboratory & Research
Technology Outlook (Revenue, USD Billion; 2022 – 2032)
- Sensor-based
- Non-sensor based
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Regional Outlook (Revenue, USD Billion; 2022-2032)
- North America
- U.S.
- Canada
- Mexico
- Europe
- Germany
- U.K.
- France
- Italy
- Spain
- Sweden
- BENELUX
- Rest of Europe
- Asia-Pacific
- China
- India
- Japan
- South Korea
- Rest of APAC
- Latin America
- Brazil
- Rest of LATAM
- Middle East & Africa
- Saudi Arabia
- UAE
- South Africa
- Israel
- Rest of MEA
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Some points on how the report benefits stakeholders:
- The reports include historical (2020–2021) and forecast (2022–2032) data points, revenues, and CAGR in table, figure, and chart formats, with detailed and qualitative, supporting written information for each.
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