Smart Medical Beds Market Research Report Information by Product (Electric Beds, Semi-electric Beds, and Wireless Beds), by Application (Acute Care, Long Term Care, Bariatric, Pediatric, and Others) By End User (Hospitals and Clinics, Ambulatory Surgical Centers, and Others), By Distribution Channel (Online Stores and Offline Stores) and by Region (North America, Europe, Asia-Pacific, and Rest of the World) - Forecast till 2030.

Global Smart Medical Beds Market Overview

The smart medical beds market size was valued at USD 2.78 billion in 2022 and is projected to grow from USD 2.97 Billion in 2023 to USD 4.74 billion by 2030, exhibiting a compound annual growth rate (CAGR) of 6.91% during the forecast period (2023 - 2030).

The increasing incidences of multimorbidity and the rising number of surgeries are positively contributing to market growth.

   Source: Secondary Research, Primary Research, MRFR Database and Analyst Review

Smart Medical Beds Market Trends

• Increasing incidences of multimorbidity fuels market growth

The main cause of multimorbidity is demographic change, and as per research, this trend will be continuously growing. Furthermore, multimorbidity has become more prevalent in the geriatric population over time. In the elderly population, some common multimorbidity include respiratory disease, hypertension, heart disease, and cerebrovascular disease. According to the World Health Organization, there were 703 million people aged 65 and up in 2019. Furthermore, in studies, children and young adults have been identified as having an increasing multimorbidity rate- both physical and mental disorders.

In addition, the growing number of surgical procedures is driving up demand for smart beds, which assists nurses to move patients through automatic turn assist feature. Also, post-operative patients require critical care in ambulatory surgical centres and intensive care units. Hence, increasing multimorbidity, a rising geriatric population, and an increasing number of surgical procedures are due to increasing chronic diseases such as cancer and diabetes.

Smart Medical Beds Market Segment Insights

Smart Medical Beds Product Type Insights

The market segments of smart medical beds based on product type, includes electric beds, semi-electric beds, and wireless beds. The semi-electric segment held the majority of the market in 2022 and the wireless segment is attributed to be fastest-growing segment during the forecast period i.e., 2023-2030. The wireless beds can improve carer response time, enable patient recovery, and increase patient safety. Moreover, wireless beds are beneficial to manage neurological patients such as those with Parkinson’s disease (PD) and chronic depression. As per the World Health Organization, there were 8.5 million individuals living with PD globally.

Smart Medical Beds Market Application Insights

The Smart Medical Beds Market segmentation, based on application, includes acute care, long term care, bariatric, pediatric, and others. The acute care segment dominated the market in 2022 and the long-term care segment is expected to be fastest-growing segment during the forecast period, i.e., 2023–2030. The high preference care for acute situations, which includes surgical procedures, gynecological services, and obstetric services, has increased demand for smart medical beds. These smart medical beds also provide tremendous benefits to psychiatric patients in acute situations.

June 2020 GF Health Products, Inc. (US) acquired Gendron, Inc. (US), specializing in bariatric beds for long-term care, home care, rehabilitation, and acute care.

Figure 2: Smart Medical Beds Market, by Application, 2022 & 2030 (USD Billion)

Source: Secondary Research, Primary Research, MRFR Database and Analyst Review

Smart Medical Beds End User Insights

Based on end user, the Smart Medical Beds industry has been segmented into the hospitals and clinics, ambulatory surgical centers, and others. The hospitals and clinics segment attributed to hold the largest market share in 2022 and ambulatory is projected to be the fastest growing segment during the forecast period, owing to the growing surgical procedure, rising geriatric population, and increasing healthcare infrastructure.

Smart Medical Beds Distribution Channel Insights

Based on distribution channel, the Smart Medical Beds industry has been bifurcated into online stores and offline stores. The offline stores attributed to hold the largest market share in 2022, and online stores are projected to be the fastest-growing segment during the forecast period, owing to the increasing internet usage, rising adoption of smartphones in developing regions, and promotion of beds through social media with an active sales and marketing team.

Smart Medical Beds Regional Insights

By Region, the study segments the market into North America, Europe, Asia-Pacific, and Rest of the World. North America smart medical beds market accounted for the largest market share in 2022, due to the high adoption of smart medical beds in the hospitals and clinics and the growing number of surgical procedures owing to the high incidences of chronic diseases such as heart and cancer in the region.

Further, the major countries studied are: The US, Canada, Germany, France, UK, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil.

Figure 3: SMART MEDICAL BEDS MARKET BY REGION 2022 & 2030 (USD Billion)

Source: Secondary Research, Primary Research, MRFR Database and Analyst Review

Europe smart medical beds market accounts for the second-largest market share rising demand for better health for the ageing population and increasing prevalence of chronic diseases. According to the Eurostat, more than one third of European population diagnosed with long standing chronic problems in 2022. Furthermore, the Germany market of smart medical beds attributed to hold the largest market share in 2022, and the France market of smart medical beds is projected to be the fastest growing market in the Europe region.

The Asia-Pacific smart medical beds market is expected to grow at a significant share from 2023 to 2030 owing to the growing incidence of diseases such as diabetes & obesity and rising geriatric population. Moreover, China market of smart medical beds estimated to hold the largest market share in 2022, and the India market of smart medical beds is projected to be the fastest growing market in the Asia-Pacific region.

Smart Medical Beds Market Key Market Players & Competitive Insights

Major market players are spending a lot of money on R&D to increase their product lines, which will help the market of smart medical beds grow even more. Market participants are also taking a range of strategic initiatives to grow their worldwide footprint, including new product launches, contractual agreements, mergers and acquisitions, increased investments, and collaboration with other organizations. Competitors in the smart medical beds industry must offer cost-effective items to expand and survive in an increasingly competitive and rising market environment.

Stryker (US) is engaged in developing, manufacturing, and marketing specialty surgical and medical products. The company's products include implants, biologics, surgical, neurologic, ear, throat and interventional pain equipment, endoscopic, surgical navigation, communications, and digital imaging systems, along with patient handling and emergency medical equipment. In 75 countries, the company sells its products to doctors, hospitals, and other healthcare facilities through company-owned subsidiaries and branches, as well as third-party dealers and distributors. In October 2020, the company launched ProCuity, a wireless hospital bed, globally. The bed incorporates cutting-edge technology to promote safe patient handling and help reduce fall-related injuries.

Key Companies in the market of smart medical beds includes.

• 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)


• Invacare Corporation (US), among others

Smart Medical Beds Industry Developments

September 2022 Baxter International, Inc. (US) acquired Hill-Rom Holdings, Inc. (US) to expand connected care and medical innovation, which includes smart bed systems.

June 2020 GF Health Products, Inc. (US) acquired Gendron, Inc. (US), specializing in bariatric beds for long-term care, home care, rehabilitation, and acute care.

October 2020 Stryker (US) launched ProCuity, a wireless hospital bed, globally. The bed incorporates cutting-edge technology to promote safe patient handling and help reduce fall-related injuries.

Smart Medical Beds Market Segmentation

Smart Medical Beds Product Type Outlook

• Electric Beds


• Semi-electric Beds


• Wireless Beds

Smart Medical Beds Application Outlook

• Acute Care


• Long Term Care


• Bariatric


• Pediatric


• Others

Smart Medical Beds End User Outlook

• Hospitals and Clinics


• Ambulatory Surgical Centers


• Others

Smart Medical Beds Distribution Channel Outlook

• Online Stores


• Offline Stores

Smart Medical Beds Regional Outlook

• North America
  
  
  
  • US
  
  
  • Canada
  
  
  
  


• Europe
  
  
  
  • Germany
  
  
  • France
  
  
  • UK
  
  
  • Italy
  
  
  • Spain
  
  
  • Rest of Europe
  
  
  
  


• Asia-Pacific
  
  
  
  • China
  
  
  • Japan
  
  
  • India
  
  
  • South Korea
  
  
  • Australia
  
  
  • Rest of Asia-Pacific
  
  
  
  


• Rest of the World
  
  
  
  • Middle East
  
  
  • Africa
  
  
  • Latin America