Increasing incidences of multimorbidity and rising number of surgeries are attributed to boosts the growth of the global smart medical beds market at a CAGR of 6.91% during the forecast period 2023 to 2030

Market Research Future (MRFR) has published a Half cooked research report on the “smart medical beds market” that contains the information from 2019 to 2030. The smart medical beds market is estimated to register a CAGR of 6.91% during the forecast period of 2023 to 2030.

MRFR recognizes the following companies as the key players in the global smart medical beds market— Stryker (US), Baxter International, Inc. (US), AMICO GROUP OF COMPANIES (US), PARAMOUNT BED CO., LTD. (Japan), LINET (Czechia), Joerns Healthcare LLC (US), Arjo (Sweden), Favero Health Projects Spa (Italy), GF Health Products, Inc. (US), and Invacare Corporation (US) and others.

Market Highlights

The global smart medical beds market is estimated to register a CAGR of 6.91% during the forecast period and is estimated to reach USD 4.74 billion by 2030.

Smart medical beds are integrated solutions for patient care, assistance, and monitoring that are built on a comprehensive, multidisciplinary design strategy. These smart beds help physicians monitor patients remotely and administer medicines based on recorded data.

The rising prevalence of increasing incidences of multimorbidity and the rising number of surgeries are driving the growth of the global market for smart medical beds. However, the lack of healthcare infrastructure capacity in developing nations is attributed to restraints on market growth. Nonetheless, it is anticipated that the growing shift from conventional models to flexible and innovative models will create lucrative opportunities in the coming years.

Segment Analysis

The global smart medical beds market has been segmented based on product type, application, end user, and distribution channel.

On the basis of product type, the market is segmented into electric beds, semi-electric beds, and wireless beds. The semi-electric segment was attributed to holding the largest market share in 2022 and wireless is projected to be the fastest growing segment during the forecast period i.e., 2023 to 2030.

Based on application, the global smart medical beds market has been segmented into acute care, long term care, bariatric, pediatric, and others. The long-term care segment is projected to be the fastest growing segment during the forecast period at a CAGR of around 8%.

On the basis of the end user, the market is segmented into hospitals & clinics, ambulatory surgical centres, and others. The hospitals & clinics segment is projected to have the largest market share during the forecast period.

The global smart medical market, based on distribution channel, segmented into online stores and offline stores. The offline segment is estimated to hold the largest market share and online is projected to be the fastest growing in upcoming years.

Browse In-depth Market Details [Table of Content, List of Figures, List of Tables]of Smart Medical Beds Market Research Report

Regional Analysis

The global smart medical beds market, based on region, has been divided into the North America, Europe, Asia-Pacific, and Rest of the World. North America consists of US and Canada. The Europe smart medical beds market comprises of Germany, France, the UK, Italy, Spain, and the rest of Europe. The smart medical beds market in Asia-Pacific has been segmented into China, India, Japan, Australia, South Korea, and the rest of Asia-Pacific. The Rest of the World smart medical beds market comprises of Middle East, Africa, and Latin America.

The imperative factors, such as higher adoption rates of smart medical beds by hospitals, clinics, and ambulatory surgical centers, increasing comorbidity, and high adoption of technology, are boosting the growth of the North American region. Moreover, the US and Canada's end users, including hospitals and clinics, are highly adopting smart medical beds owing to the high prevalence of chronic diseases such as cancer and Parkinson’s disease. As per the American Cancer Society, Inc., there were 1.9 million new cancer cases diagnosed and 609,360 cancer deaths in the US in 2023.

Moreover, the use of smart beds in the management of chronic disease treatment is becoming increasingly important in the region as the incidences of diseases persistently increase, including obesity, diabetes, heart disease, and cancer. As per Europe Active, an increase of more than 7% in women and men and more than 13% in obesity is expected from 2020 to 2030.

Furthermore, the Asia-Pacific market is rapidly expanding as a result of the development of healthcare infrastructure for incorporating and taking advantages of technology-based resources and the growing adoption of smart medical beds. Moreover, the developing countries in the region provide opportunities for the smart medical bed market owing to the large geriatric population.

Additionally, the rest of the world's market for smart medical beds is comprised of the Middle East, Africa, and Latin America. The region's smart medical beds market is being propelled by growing technological adoption and an increasing number of diseases requiring long-term care.

Key Findings of the Study

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  The global smart medical beds market is expected to reach USD 4.74 billion by 2030, at a CAGR of 6.91% during the forecast period.

  
  


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  The Asia-Pacific region accounted for the fastest-growing global market, owing to the increase in the adoption of smart medical beds in hospitals and clinics as well as rising comorbidity conditions such as diabetes and obesity.

  
  


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  Based on application, the acute care segment was attributed to holding the largest market in 2022, with an approximate market share of 35–55%.

  
  


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  Stryker (US), Baxter International, Inc. (US), AMICO GROUP OF COMPANIES (US), PARAMOUNT BED CO., LTD. (Japan), LINET (Czechia), Joerns Healthcare LLC (US), Arjo (Sweden), Favero Health Projects Spa (Italy), GF Health Products, Inc. (US), and Invacare Corporation (US) are the key market players.