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Automated Hospital Beds Market Report Overview
The global automated hospital beds market size was USD 1.94 billion in 2023 and is projected to grow from USD 2 billion in 2024 to USD 2.59 billion by 2032, exhibiting a CAGR of 3.3% during the forecast period. Asia-Pacific holds leading position in automated hospital beds market share in 2023.
The development, distribution, and sale of beds with cutting-edge automation features that are especially suited for hospital settings are the primary business objectives of the automated hospital beds market. The comfort, safety, and care of patients are all improved by these beds, which also make it easier for medical professionals to perform their duties.
The position, height, and other aspects can be easily adjusted, monitored, and controlled thanks to a variety of features and functionalities. These beds frequently have features like integrated weighing systems, pressure redistribution surfaces, electronic controls, motorized adjustment mechanisms, patient monitoring systems, and bed escape alarms. The desire for better patient care, increased productivity, and increased safety in healthcare environments is what motivates the introduction of automated hospital beds. These beds provide advantages such decreased manual handling for careers, more patient comfort, enhanced productivity, and greater hospital information system integration.
COVID-19 Impact: Lockdown Gave Rise to Increased Growth Rate Which Boosted the Market
The global COVID-19 pandemic has been unprecedented and staggering, with the automated hospital beds market experiencing higher than anticipated demand across all regions compared to pre-pandemic levels. The spike in CAGR is attributable to demand returning to pre-pandemic levels once the pandemic is over.
The COVID-19 pandemic and ensuing lockdown in various countries across the world have helped the financial standing of important businesses in the automated hospital beds market. The need for disposable linens in hospitals is anticipated to benefit long-term from the increase in demand during the COVID-19 epidemic. Hospitals are concentrating on holding back extra supplies in case of further waves. With the overwhelming number of hospital admissions to treat the infection, however, the demand for hospital linen supply and management services reached a new record high. The industry participants' rising efforts toward innovations, capacity increases, and other activities also contributed to the total market compensation.
LATEST TRENDS
"The Rising Government Initiatives and Maintaining the Compliance to Expand the Market"
The federal government's increased financing to stimulate the adoption of these automated beds has an additional impact on the market. Furthermore, the increase in healthcare expenditure, developments in healthcare infrastructure, and increasing demand for extended care delivery all have a positive impact on the market for automated hospital beds. The expansion and growth of the healthcare sector, particularly in emerging nations, is also driving the demand for automated hospital beds. Technological advances and greater R&D spending are also increasing the market value of automated hospital beds. The need for these solutions grows as medical reforms and regulations become more stringent.
Automated Hospital Beds Market Segmentation
- By Type
Based on type, the market is classified into semi-automatic hospital beds, fully automatic hospital beds and others.
- By Application
Based on application, the market is classified into hospitals, clinics and others.
DRIVING FACTORS
"The Enhanced Features Offering Great Assistance to Boost Up the Market Share"
Electronic controls provide easy adjustment of bed height, backrest angle, leg elevation, and total bed position in the automated beds. Motorized mechanisms on these beds allow for smooth and precise adjustments. They can be controlled by buttons or remote controls, allowing patients to choose the most comfortable position without having to do any manual effort.
"Several Advantages of the Product to Fuel Market Growth "
Many automated beds include built-in weighing scales that enable for accurate weight measuring without the use of a separate scale. Automated beds frequently include specialized mattresses or overlays that help uniformly transmit pressure, lowering the incidence of pressure ulcers or bedsores. Some advanced automated beds have patient monitoring systems that can monitor vital signs including heart rate, breathing rate, and blood pressure. These systems can send real-time data to healthcare personnel, allowing for proactive care and timely interventions. Bed exit alarms on automated beds can inform healthcare providers when a patient attempt to leave the bed unsupervised. This function aids in the prevention of falls and assures the safety of patients.
"Rising Prevalence of Chronic Diseases and Growing Geriatric Population to Multiply the Market Demand"
The increased frequency of chronic diseases is increasing demand for automated hospital beds. Another element driving up the hospitals bed demand is the growing number of accidents that occur on a daily basis worldwide. The world's expanding senior population is another element that is predicted to drive market expansion. The expanding elderly population will drive the global Automated Hospital Beds Market.
RESTRAINING FACTORS
"The High Cost and Maintenance Cost to Impede the Market Growth"
The initial expense of purchasing mechanised hospital beds will constrain industry growth. Not only that, but the cost of keeping automated hospital beds is prohibitively expensive. The restricted expenditure of public hospitals, as well as the limited floor capacity, will impede the automated hospital bed market growth.
Automated Hospital Beds Market Regional Insights
"North America to Lead the Market with the Rapid Growth and Potential Manufacturers"
Due to the growing number of surgeries and the existence of major market players, North America led the automated hospital beds market share. A rise in COVID-19 cases in this region has also raised demand for the hospital beds. The market leaders are concentrating their efforts on partnerships, investments, and acquisitions in order to significantly broaden their business portfolios by putting more of an emphasis on preventative healthcare facilities, The rising frequency and incidence of chronic diseases, the increasing number of geriatrics who are more susceptible to age-related ailments, and the region's high per capita health expenditures are all expected to boost the market in North America throughout the forecast period. Furthermore, the growth can be ascribed to an increase in the number of people suffering from chronic conditions, as well as new product development and availability, as well as increased use of these devices in the region.
KEY INDUSTRY PLAYERS
"Top Notch Players to Contribute in the Market Growth"
The top notch players of the market share are implementing and applying varied front end and back end strategies to exceed and expand their empire. Various manufacturers producers including well-known companies also these manufacturers continually innovate and introduce new features to meet the evolving needs of hospitals and healthcare providers.
LIST OF TOP AUTOMATED HOSPITAL BEDS COMPANIES
- ArjoHuntleigh (India)
- Gendron (U.S.A)
- Hill-Rom (U.S.A)
- Invacare (U.S.A)
- Linet (The Netherlands)
- Medline Industries (U.S.A)
- Paramount Bed Holdings (Japan)
- Stryker (U.S.A).
REPORT COVERAGE
The report covers the information on the advancement outlooks with new inventions and SWOT analysis.The market elements situation, with the development areas of the market in the upcoming years. Market segmentation information including the subjective and quantitative research including the effect of financial and strategy viewpoints are discussed in the report. The report also disseminates the information on the regional and nation level assessment incorporating the demand and supply dominators that are affecting the development of the market. The competitive landscape including market share of major players, along with the new research methodologies and strategies adopted by players for the forecasted period is listed in the report.
| REPORT COVERAGE | DETAILS |
|---|---|
|
Market Size Value In |
US$ 1.94 Billion in 2023 |
|
Market Size Value By |
US$ 2.59 Billion by 2032 |
|
Growth Rate |
CAGR of 3.3% from 2023 to 2032 |
|
Forecast Period |
2024-2032 |
|
Base Year |
2023 |
|
Historical Data Available |
Yes |
|
Regional Scope |
Global |
|
Segments Covered |
Type and Application |
Frequently Asked Questions
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What value is the automated hospital beds market expected to touch by 2032?
The global automated hospital beds market size was USD 1.94 billion in 2023 and is projected to grow from USD 2 billion in 2024 to USD 2.59 billion by 2032.
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What CAGR is the automated hospital beds market expected to exhibit by 2032?
The automated hospital beds market is expected to exhibit a CAGR of 3.3% by 2032.
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Which are the driving factors of the automated hospital beds market?
Enhanced features offering great assistance and the rising prevalence of chronic diseases and the growing geriatric population drive the automated hospital beds market growth.
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Which are the top companies operating in the automated hospital beds market?
ArjoHuntleigh, Gendron, Hill-Rom, Invacare, Linet, Medline Industries, Paramount Bed Holdings, Stryker and others are the top companies operating in the automated hospital beds market.
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