ID: MRFR/MED/2897-CR | 148 Pages | Author: Rahul Gotadki | July 2019
Automated hospital beds market is projected to reach USD 20.12 Billion by 2030 at 4.90% CAGR during the forecast period
$20.12 Billion
4.90%
Europe
2022-2030
The automated hospital beds market is projected to reach USD 20.12 Billion by 2030 at 4.90% CAGR during the forecast period 2022-2030
Automated hospital beds are specially designed for hospitalized patients in need of some form of health care services. These hospitals beds have special features both for the comfort and well-being of the patient and for the convenience of health care workers. Most common features of automated hospital beds are automated adjustable height for the entire bed including the head and the feet, adjustable side rails, and electronic buttons to operate both the bed and other nearby electronic devices.
The increase in the number of various acute and chronic disorders, rising geriatric population, increased number of obese people, continuous development in the designs of the hospital beds for the betterment and more comfort of the patients, and rising healthcare expenditure are the major drivers propelling market growth. However, the high cost of automated hospital beds and expensive maintenance of automated hospital beds are hampering the growth of the market.
Market Dynamics
The rise in the incidence rates of chronic disorders is expected to drive the growth of the market. According to the American Autoimmune Related Diseases Association, in 2017, approximately 50 million Americans were suffering from autoimmune diseases, and more than USD 591 million was spent on research and development of autoimmune disorders. Moreover, the increasing geriatric population, increased number of obese people are also likely to support market growth. On the other hand, the high cost of automated beds and the expensive maintenance of hospital beds is anticipated to hamper the market growth.
Automated Hospital Beds Market Size, by Type of Treatment, 2016 (USD Million)
Source: MRFR Analysis
Segmentation
The automated hospital beds market has been segmented into type, technology, type of treatment, usage and end user. By type, the market has been segmented into semi-automatic hospital beds and fully automatic hospital beds. Technology segment has been divided into basic automated hospital beds and smart, automated hospital beds. Based on the type of treatment, the market has been segmented into critical care, acute care, and long-term care. Based on usage, the market has been segmented into general-purpose, intensive care, delivery/birthing, bariatric, pediatric, psychiatric care, pressure relief, and others. By end-user, the market has been segmented hospitals & clinics reproductive care centers, dentistry, home care, and others. The hospitals & clinics segment accounted for a market value of USD 627.4 million in 2016.
Key Players
The prominent players in the automated hospital beds market are ArjoHuntleigh, Gendron Inc, Hill-Rom Holdings, Invacare Corporation, Linet spol. SRO, Medline Industries, Inc., Stryker Corporation, Paramount Bed Holdings Co., Ltd., and Others.
Some of the key strategies followed by the players operating in the automated hospital beds market were innovation, product development, acquisition, and expansion.
Global Automated hospital beds Market Share, by Region, 2016 (%)
Source: MRFR Analysis
Regional Analysis
The global automated hospital beds market, based on region, is divided into the Americas, Europe, Asia-Pacific, and the Middle East and Africa.
The European region is estimated to dominate the automated hospital beds market during the forecast period. This is attributed to the continuous innovation and new product development, moreover, to rise in prevalence of life-threatening diseases, increasing healthcare expenditure and increasing technological advances play a vital role in the growth of the regional market. Furthermore, in an automated hospital beds market, Europe accounted for a market share of 36.0% in 2016. The North America market for automated hospital beds is expected to be the second-largest during the forecast period. Factors such as stable economic conditions and continuously developing technologies and significant investments by hospitals to upgrade their equipment’s including beds is expected to boost the growth of the market in this region. For instance, According to WHO, the North American population is projected to grow by 42% from 2000 to 2050, and so it is imperative that the supply of health care maintains pace with the increased demand
Additionally, the companies operating in the market are mainly concentrating on strategic collaborations and mergers and acquisition, which is expected to support market growth. Asia-Pacific is estimated to be the fastest-growing market due to the increasing incidence of chronic diseases, the government encouragement in the healthcare sector, and growing the working population in the healthcare industry. Furthermore, the market in the Middle East & Africa is expected to witness steady growth due to limited access to healthcare facilities.
Key Updates
Market Segmentation
Automated hospital beds Market, by Type
Automated hospital beds Market, by Technology
Automated hospital beds Market, by Usage
Automated hospital beds Market, by Technology
Automated hospital beds Market, by End User
Automated hospital beds Market, by Region
Available Additional Customizations
Intended Audience
Report Attribute/Metric | Details |
---|---|
Market Size | 20.12 Billion |
CAGR | 4.90% |
Base Year | 2021 |
Forecast Period | 2022-2030 |
Historical Data | 2020 |
Forecast Units | Value (USD Billion) |
Report Coverage | Revenue Forecast, Competitive Landscape, Growth Factors, and Trends |
Segments Covered | Type, Technology, Type of treatment, Usage and End user |
Geographies Covered | North America, Europe, Asia-Pacific, and Rest of the World (RoW) |
Key Vendors | ArjoHuntleigh, Gendron Inc, Hill-Rom Holdings, Invacare Corporation, Linet spol. SRO, Medline Industries, Inc., Stryker Corporation, Paramount Bed Holdings Co., Ltd., and Others. |
Key Market Opportunities | New product launches and R&D Amongst major key Players |
Key Market Drivers |
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Automated hospitals beds market is projected to grow at a 4.90% CAGR between 2022-2030.
The Americas is expected to dominate the automated hospitals beds market.
Automated hospitals beds market is predicted to touch USD 20.12 Billion by 2030.
Rising incidence of obesity and increasing healthcare expenditure are the key factors driving the automated hospitals beds market.
High cost of beds coupled with high maintenance cost may limit the automated hospitals beds market growth.
Key Questions Answered
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