North America Smart Hospital Beds Market
Automation has led to a reduced dependency on human workforces in many industries. Adopting technologically advanced products has impacted ~90% of the work performed daily by individuals. Technological advancements have abundantly benefitted the healthcare sector, and numerous hi-tech medical devices with embedded control functions are now available for the efficient operation of this sector. Technologically advanced smart beds have become a part of hospitals, nursing care facilities, specialized clinics, and home care facilities. These beds are offered with all essential specifications that enable efficient operations of healthcare providers or caregivers. They enable faster recovery of patients by making the necessary movements hassle-free. These beds are also equipped with monitoring systems that can be used to send alerts to nurses. Companies offer smart beds with communication systems that connect directly to nursing departments. Streamlined communications allow nurses to remotely monitor patient conditions and vital functions. In addition, smart beds are now combined with sensors that can be remotely operated. Other advantages of modern smart beds lie in their ability to identify patients’ health patterns that keep healthcare providers well informed and assist them in decision-making related to health and intervention.
Other features of smart hospital beds include height adjustment features, smart side rails, and wireless connections. Conventional hospital beds transformed into highly networked devices that use software solutions are categorized as Class II medical devices. With further upgrades in smart bed technologies, these beds are anticipated to deliver research information on different medical and health aspects, perform statistical analysis, and collect data on patients. These potential abilities of smart hospital beds encourage significant investments in the modernization of healthcare infrastructure, leading to the growing demand for smart beds. According to estimates provided by the Organization for Economic Cooperation and Development (OECD) in 2021, OECD member countries are expected to increase their overall healthcare expenditure from 3% in 2018 to 8% by 2030.
The US, Canada, and Mexico are the major contributors to the market growth in this region. The growth of the North America smart hospital beds market in North America is majorly driven by the increasing prevalence of chronic diseases such as stroke, diabetes, and cancer. Additionally, the surging incidence of obesity in the population and rapid growth of the geriatric population is expected to fuel the demand for smart hospital beds in the region in the coming years. The US is the largest market for smart hospital beds in North America. The growth of the North America smart hospital beds market in the US is majorly driven by the increasing prevalence of chronic diseases such as diabetes and cancer, and lifestyle diseases such as obesity; rapid growth of the geriatric population; longer hospital stays after critical surgery procedures; availability of technologically advanced smart hospital beds; and favorable reimbursement policies. Patients suffering from chronic diseases such as cancer, cardiovascular diseases, immune deficiencies, multiple sclerosis, and rheumatoid arthritis need long-term monitoring and treatment. As a result, patients suffering from chronic diseases may need to stay in hospitals for long periods. Smart beds gather information on the health status of patients and aid in statistical analysis. This results in increased efficiency and accurate diagnostics for healthcare providers and medical professionals while paving the way to reduce the number of hospital readmissions. Smart beds can create a network of connected devices, mechanical and digital gear, or people with unique identifiers, and they can rapidly transmit data to designated systems.
According to the Centers for Disease Control and Prevention (CDC), in 2021, about 695,000 people in the US died from heart disease, and 1 in 6 deaths from cardiovascular disease was due to stroke. As per CDC, more than 795,000 people in the country suffer from a stroke every year. According to the latest Global Burden of Disease (GBD) data published in 2020, the US has a high prevalence of ischemic heart disease, lung cancer, chronic obstructive pulmonary disease (COPD), stroke, diabetes, Alzheimer's disease, and chronic kidney disease, among others, which can be associated with the increase in the demand for hospitalization and acute care, fueling the North America smart hospital beds market growth.
The North America smart hospital beds market is segmented into patient weight, offering, application, end user, and country.
Based on patient weight, the North America smart hospital beds market is segmented into less than 70 lb, 70 to 150 lb, 150 to 400 lb, 400 to 500 lb, and greater than 500 lb. The 400 to 500 lb segment held the largest share of the North America smart hospital beds market in 2022.
Based on offering, the North America smart hospital beds market is segmented into products & accessories, software & solutions, and services. The products & accessories segment held the largest share of the North America smart hospital beds market in 2022.
Based on application, the North America smart hospital beds market is segmented into fall prevention, pressure injury prevention, patient deterioration & monitoring, and others. The fall prevention segment held the largest share of the North America smart hospital beds market in 2022.
Based on end user, the North America smart hospital beds market is segmented into hospitals, clinics & nursing homes, ambulatory surgical centers, medical laboratories, long term care centers, and others. The hospitals segment held the largest share of the North America smart hospital beds market in 2022.
Based on country, the North America smart hospital beds market is segmented into the US, Canada, and Mexico. The US dominated the North America smart hospital beds market in 2022.
Arjo AB, Hill-Rom Holdings Inc, Invacare Corp, LINET spol sro, Malvestio SpA, Paramount Bed Co Ltd, Stryker Corp, and Umano Medical Inc are some of the leading companies operating in the North America smart hospital beds market.
Strategic insights for the North America Smart Hospital Beds provides data-driven analysis of the industry landscape, including current trends, key players, and regional nuances. These insights offer actionable recommendations, enabling readers to differentiate themselves from competitors by identifying untapped segments or developing unique value propositions. Leveraging data analytics, these insights help industry players anticipate the market shifts, whether investors, manufacturers, or other stakeholders. A future-oriented perspective is essential, helping stakeholders anticipate market shifts and position themselves for long-term success in this dynamic region. Ultimately, effective strategic insights empower readers to make informed decisions that drive profitability and achieve their business objectives within the market.
| Report Attribute | Details |
|---|---|
| Market size in 2022 | US$ 288.24 Million |
| Market Size by 2030 | US$ 811.58 Million |
| Global CAGR (2022 - 2030) | 13.8% |
| Historical Data | 2020-2021 |
| Forecast period | 2023-2030 |
| Segments Covered |
By Patient Weight
|
| Regions and Countries Covered | North America
|
| Market leaders and key company profiles |
The geographic scope of the North America Smart Hospital Beds refers to the specific areas in which a business operates and competes. Understanding local distinctions, such as diverse consumer preferences (e.g., demand for specific plug types or battery backup durations), varying economic conditions, and regulatory environments, is crucial for tailoring strategies to specific markets. Businesses can expand their reach by identifying underserved areas or adapting their offerings to meet local demands. A clear market focus allows for more effective resource allocation, targeted marketing campaigns, and better positioning against local competitors, ultimately driving growth in those targeted areas.
The North America Smart Hospital Beds Market is valued at US$ 288.24 Million in 2022, it is projected to reach US$ 811.58 Million by 2030.
As per our report North America Smart Hospital Beds Market, the market size is valued at US$ 288.24 Million in 2022, projecting it to reach US$ 811.58 Million by 2030. This translates to a CAGR of approximately 13.8% during the forecast period.
The North America Smart Hospital Beds Market report typically cover these key segments-
The historic period, base year, and forecast period can vary slightly depending on the specific market research report. However, for the North America Smart Hospital Beds Market report:
The North America Smart Hospital Beds Market is populated by several key players, each contributing to its growth and innovation. Some of the major players include:
The North America Smart Hospital Beds Market report is valuable for diverse stakeholders, including:
Essentially, anyone involved in or considering involvement in the North America Smart Hospital Beds Market value chain can benefit from the information contained in a comprehensive market report.
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