The global automated hospital beds market is likely to reach a market valuation of USD 2,553.4 million by the end of 2023, as per the latest analysis provided by Market Research Future (MRFR). In many cases, suffering patients face difficulties to get out of bed. This can be attributed as the most significant factor driving the global automated hospital beds market. Additionally, automated hospital beds provide better access to doctors and nurses during the performance of many critical procedures and treatments to the patients.
The global automated hospital beds market is anticipated to expand at a 5.97% CAGR during the assessment period. Other factors contributing to the fast-paced ascension of the market include a growing prevalence of various acute and chronic illnesses and an increase in the geriatric population. A rise in the problems such as obesity and accelerated technological developments witnessed in the design of hospital beds is estimated to push the global automated hospital beds market to a great extent. Alternatively, high costs of automated hospital beds in comparison to normal beds may pose as an unfavorable factor, hampering the market growth to a great extent.
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Competitive Analysis
The global automated hospital beds market comprises a number of prominent players who strive to ensure optimal patient satisfaction and develop new technologies to help the market grow further. Some of the major players identified in the market are Medline Industries, Inc., ArjoHuntleigh, Linet spol. s r.o., Gendron Inc., Hill-Rom, Paramount Bed Holdings Co., Ltd., Invacare Corporation, Stryker, and others.
December 10th, 2018, Hill-Rom, a leading provider of medical technologies specializing in developing hospital beds, announced in a statement about its plans of adopting EarlySense’s contact free monitor into its smart hospital bed, Centrella.
Market Segmentation
The global automated hospital beds market segmentation is based in terms of type, type of treatment, technology, usage, and end-user.
- By Type, the market divides into semi-automatic and fully-automatic hospital beds.
- By Technology, the market segments into smart automated and basic automated hospital beds.
- By Type of Treatment, the market includes acute care, critical care, and long-term care.
- By Usage, the market comprises of delivery/birthing, general purpose, pediatric, intensive care, psychiatric care, bariatric, pressure relief, and others.
- By End-user, the market includes reproductive care centers, hospitals & clinics, home users, dentistry, and others.
Regional Analysis
The automated hospital beds market has been regionally segmented into Europe, North America, Asia Pacific, and the Middle East & Africa. Among these regions, Europe held the largest share of the global market at the beginning of the forecast period. The region had a revenue valuation of USD 177.5 million in 2016 and is anticipated to retain its market dominance over the assessment period. Attributable factors include a well-developed infrastructure in the healthcare sector, higher healthcare expenditure, and a compelling presence of many leading players in the region.
North America is expected to hold the second largest share in the global automated hospital beds market during the review period. This can be accredited to well-developed healthcare infrastructure and magnified investments in the research and development of the healthcare sector. Moreover, the government has initiated many policies to encourage the adoption of advanced hospital equipment, contributing to the regional automated hospital beds market.
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Asia Pacific is estimated to grow at a significant pace for automated hospital beds market over the assessment period. Owed to snowballing medical tourism to the region and a large population of patients worldwide opting for cost-effective treatment options, the APAC region is expected to lead exponential growth to the global automated hospital beds market. China, South Korea, India, and Singapore, among other countries, are spearheading the country-specific market for automated hospital beds.
The Middle East & Africa is anticipated to garner steady growth over the next two years. Even though many developed nations such as UAE and Saudi Arabia are expected to showcase impressive growth potential, poor socio-economic conditions in Africa is expected to slow down the ascension to a great extent.
