MarkNtel Advisors recently published a detailed industry analysis of the Smart Hospital Beds Market. The report covers growth trends, geographical marketing strategies, challenges, opportunities, and drivers influencing the market.
Smart Hospital Beds Market Size, Share, and Trends Analysis Report – Industry Overview and Forecast to 2030
The Smart Hospital Beds Market size is estimated to grow at a CAGR of around 12.5% during the forecast period, i.e., 2024-30.
What are the Major Driver of the Smart Hospital Beds industry?
Rising Prevalence of Chronic Diseases Fuels Smart Hospital Beds Market Growth – The increasing global prevalence of chronic diseases has emerged as a significant driver for the demand and growth of innovative healthcare solutions. This has been particularly seen for chronic conditions, including cancer, cardiovascular diseases, and respiratory disorders, and has prompted a heightened focus on advanced medical technologies. In 2020, as per the World Health Organization, cancer remains a leading cause of death worldwide, underscoring the critical need for advanced healthcare solutions. In this landscape, smart beds play a crucial role in offering supportive and adaptive features that contribute to the well-being of individuals grappling with chronic health conditions.
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What segments define the Smart Hospital Beds market from 2024 to 2030? How do these segments contribute to market dynamics and growth?
- By Patient Weight
- 70 lb. and below- Market Size & Forecast 2019-2030, USD Million
- 71 to 150 lb.- Market Size & Forecast 2019-2030, USD Million
- 151 to 400 lb.- Market Size & Forecast 2019-2030, USD Million
- 401 to 500 lb.- Market Size & Forecast 2019-2030, USD Million
- Greater than 500 lb.- Market Size & Forecast 2019-2030, USD Million
According to report, The 401 to 500 lb. weight capacity segment dominated the Global Smart Hospital Beds Market.
- By Application
- Fall Prevention- Market Size & Forecast 2019-2030F, USD Million
- Pressure Injury Prevention- Market Size & Forecast 2019-2030F, USD Million
- Patient Deterioration and Monitoring- Market Size & Forecast 2019-2030F, USD Million
- Others (Bariatric Patient Care, Neonatal & Pediatric Care, etc.)- Market Size & Forecast 2019-2030F, USD Million
- By End User
- Hospitals-Market Size & Forecast 2019-2030F, USD Million
- Clinics & Nursing Homes- Market Size & Forecast 2019-2030F, USD Million
- Ambulatory Surgical Centers- Market Size & Forecast 2019-2030F, USD Million
- Others (Medical Laboratories, Long-Term Care Centers, etc.)- Market Size & Forecast 2019-2030F, USD Million
According to report, The hospitals secured the largest market share, emphasizing their pivotal role in healthcare delivery.
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Geographical Analysis: Smart Hospital Beds Market
- North America
- South America
- Europe
- Middle East & Africa
- Asia-Pacific
Smart Hospital Beds Market Share & Competitive Landscape:
The Smart Hospital Beds Market is characterized by intense competition, with several key players driving growth through innovation, market expansion, and strategic investments. The competitive landscape provides valuable insights into the industry’s leading companies, highlighting their strengths, financial performance, and market influence.
Leading Companies in the Smart Hospital Beds Market are:
- Umano Medical Inc.
- Paramount Bed Co., Ltd.
- Stryker Corporation
- LINAK A/S
- Drive DeVilbiss Healthcare
- 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.
Smart Hospital Beds Industry Recent Development:
- 2023: Stryker introduced SmartMedic, the inaugural ICU bed upgrade platform in India, aimed at improving patient care and ensuring the safety of healthcare providers.
- 2021: Hillrom purchased EarlySense’s contact-free continuous monitoring technology for USD 30 million, enhancing the Centrella Smart+Bed capabilities to monitor elevated heart and respiratory rates. The integration of EarlySense technology enables Centrella Smart beds to promptly alert clinicians to potential health deterioration in patients.
Questions Addressed in this Study
- What factors are driving the Smart Hospital Beds Market growth?
- How is the Smart Hospital Beds Market expected to grow over the next five years?
- What are the key insights into the current trends in the Smart Hospital Beds Market?
- What is the current size of the Smart Hospital Beds Market, and how is it projected to change in the future?
6.What is the future outlook for the Smart Hospital Beds Market in terms of technological advancements and market expansion?
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Our specialization in niche industries & emerging geographies allows our clients to formulate their strategies in a much more informed way and entail parameters like Go-to-Market (GTM), product development, feasibility analysis, project scoping, market segmentation, competitive benchmarking, market sizing & forecasting, & trend analysis, among others, for 15 diverse industrial verticals.
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