Smart Hospital Beds Market Analysis: Growth, Size, Share & Future Trends (2024-2029)
The report covers a comprehensive analysis segmented by Technology Type (Semi-Automated, Automated), by Treatment Type (Critical Care, Acute Care, Long-term Care), by End-User (Hospitals, Outpatient Centers, Elder Care Facilities, Others), by Geography (North America, South America, Asia Pacific, Europe, the Middle East, Africa).
Smart Hospital Beds Market Snapshot
Smart Hospital Beds Market Overview
The global smart hospital beds market is estimated to be at $644.29 Mn in 2024 and is anticipated to reach $983.38 Mn in 2029. The global smart hospital beds market is registering a CAGR of 8.82% during the forecast period 2024-2029.
The primary drivers of the market are the growing need for sophisticated patient care solutions, rising healthcare expenditures, and technological breakthroughs in healthcare. Smart hospitals are equipped with various features such as remote monitoring, automated adjustments, fall detection, pressure ulcer prevention, and integration with electronic health records (EHR) systems. These characteristics are intended to improve operational efficiency for healthcare practitioners as well as patient safety, comfort, and overall quality of care. Advanced smart bed technologies are being developed as a result of the intense rivalry and innovation now prevailing in the market.
Additionally, regulatory bodies are increasingly focused on patient safety and the efficacy of healthcare technologies, driving manufacturers to comply with stringent regulatory standards. The market for smart hospital beds is concentrated in North America and Europe because of their sophisticated healthcare systems, high health care spending, and early adoption of innovative technologies. However, growing expenditures in healthcare infrastructure and growing public awareness of the advantages of smart healthcare solutions are also presenting exciting growth opportunities in emerging nations in Latin America and Asia-Pacific. In general, it is anticipated that the market for smart hospital beds will keep expanding globally as more healthcare institutions integrate these innovative technologies to boost operational effectiveness and improve patient care outcomes.
​Smart Hospital Beds Market Coverage
| Historical & Forecast Period | 2018-2029 |
| Base Year | 2023 |
| Forecast Period | 2024-2029 |
| Units | Billion US$ |
| Segments | Technology Type, Treatment Type, End-User |
| Geographies | North America, South America, Asia Pacific, Europe, the Middle East, Africa |
| Key Vendors | Baxter International, Inc., Stryker Corp., Joerns Healthcare LLC, Linet Group SE, Paramount Bed Holdings Co. Ltd. |
Key Geographies of Smart Hospital Beds Market, 2023
Porter’s 5 Forces Analysis of Smart Hospital Beds Market
Smart Hospital Beds Market Trends
The emphasis on patient-centered design in smart hospital beds is growing, incorporating features such as adjustable height, customizable positioning, pressure relief surfaces, and user-friendly interfaces. These enhancements aim to provide patient comfort, mobility, and pleasant experience during hospital stays. With the rise of telemedicine and remote patient monitoring, smart hospital beds now come equipped with sensors and connectivity features, enabling healthcare providers to remotely track patients vital signs, movements, and other health parameters. For example, Apollo Hospitals launched Comprehensive Connected Care Program in India. This healthcare technology, supported by artificial intelligence (AI), observes and identifies initial indications of patient decline, facilitating prompt corrective measures. This facilitates timely interventions and reduces the necessity for frequent in-person check-ups.
Smart hospital beds are also integrating Internet of Things (IoT) technology and artificial intelligence (AI) for real-time monitoring of patient health metrics, predictive analytics for early intervention, and automated adjustments to improve patient comfort and safety. In response to the COVID-19 pandemic and concerns about healthcare-associated infections, smart hospital beds are designed with antimicrobial materials, easy-to-clean surfaces, and infection control protocols to minimize cross-contamination risks and ensure a safer healthcare environment. Healthcare facilities are also adopting predictive maintenance strategies for smart hospital beds, leveraging data analytics and predictive algorithms to anticipate equipment failures, schedule proactive maintenance tasks, and minimize downtime, thereby ensuring continuous availability of critical care resources.
There is a growing demand for environmentally sustainable and energy-efficient smart hospital beds as well, prompting manufacturers to incorporate recyclable materials, energy-saving features, and eco-friendly manufacturing processes to reduce the carbon footprint of healthcare facilities and promote sustainability initiatives.
Smart Hospital Beds Market Driving Factors
The prevalence of diseases in the population, especially in developed nations, drives the demand for healthcare services. Smart hospital beds, equipped with features like fall detection, pressure ulcer prevention, and remote monitoring, address the specific needs of elderly patients, enhancing their safety and comfort. The global rise in healthcare spending encourages increased investment in advanced medical equipment, including smart hospital beds. Hospitals prioritize technologies that improve patient outcomes, short hospital stays, and optimize resource allocation. Advancements in sensor technology, connectivity, and automation drive the evolution of intelligent hospital beds, enabling functionalities like remote monitoring, automated adjustments, and real-time data collection, thereby enhancing patient care and operational efficiency. For example, on 16 April 2024, Max Healthcare Institute Ltd. (MHIL), announced its plans to invest $299.7 million USD to develop hospitals in India. This investment will bring in cutting- edge medical technologies.
Hospitals actively pursue technologies that boost efficiency and reduce operational expenses. Smart hospital beds capable of automation, remote monitoring, and predictive maintenance reduce manual labor for medical staff, maximize resource consumption, and expedite workflows. Regulatory bodies worldwide increasingly recognize the importance of smart healthcare technologies in improving patient safety and outcomes. Compliance with regulations and standards drives the adoption of smart hospital beds by healthcare facilities, ensuring adherence to quality and safety criteria.
Smart Hospital Beds Market Challenges
Incorporating smart hospital beds into current healthcare IT systems, like electronic health records (EHR) and hospital management systems, can present complexities and consume significant time. Challenges such as compatibility issues and interoperability may surface, impending smooth data exchange and integration into workflows. For example, in February 2023, the U.S. Food and Drug Administration (FDA) issued new cybersecurity guidance for medical device manufacturers, including smart hospital beds. This guidance aims to better address cybersecurity risks as more medical devices adopt internet connectivity and cybersecurity vulnerabilities are discovered. The initial cost associated with implementing smart hospital beds can also pose a significant obstacle for healthcare facilities, especially in regions with limited financial resources. Healthcare staff require training to effectively operate and maintain smart hospital beds.
Adequate education is essential to ensure healthcare providers understand how to utilize the bed’s features, interpret data accurately, and respond appropriately to alerts or alarms. Smart hospital beds are sophisticated medical devices that require regular maintenance and technical support. Healthcare facilities must allocate resources for ongoing maintenance programs and ensure timely repairs to minimize downtime and maintain continuous patient care. Compliance with healthcare regulations and standards adds complexity to the smart hospital bed market.
Smart Hospital Beds Market – Key Industry News
- In February 2023, Stryker Corp. launched Smart Medic Platform in India, designed as a patient care solution to improve the existing functionalities of ICU beds in hospitals.
- In August 2022, health device manufacturer, Turtle Shell Technologies Pvt. Ltd (Dozee) teamed up with Midmark India to launch a connected bed platform designed specifically for non-ICU environments.
Smart Hospital Beds Market Competitive Landscape
In addition to established players, the smart hospital bed market also features a growing number of startups and innovative features. These companies often focus on niche segments or disruptive technologies, offering unique solutions to address specific healthcare challenges. Technological innovation is a key driver of competition in the smart hospital bed market. Advancements in areas such as sensor technology, artificial intelligence, data analytics, and remote connectivity contribute to the evolution of smart hospital beds, enabling improved patient care, enhanced efficiency, and better outcomes. For example, in 2022, Hill-Rom Holdings Inc. unveiled its LatticeCYTIX AI mattress which uses an array of capacitive multi-load sensors to create real-time pressure maps and detect moisture. Effective market positioning is crucial for companies operating in the smart hospital bed market to differentiate themselves and capture market share.
Factors such as product quality, reliability, pricing, branding, and customer service play a significant role in shaping companies’ competitive strategies. Additionally, partnerships, collaborations, and strategic acquisitions are common tactics employed by players to strengthen their product offerings and enter new geographic regions. Companies that demonstrate adherence to regulatory guidelines, certifications, and quality standards may gain a competitive advantage by instilling confidence among healthcare providers and end-users regarding the safety, reliability, and efficacy of their products.
Smart Hospital Beds Market Company Share Analysis, 2023 (%)
Smart Hospital Beds Market – Key Companies
Reason to Buy from us
Table of Contents
| 1. Introduction |
|---|
| 1.1. Research Methodology |
| 1.2. Scope of the Study |
| 2. Market Overview / Executive Summary |
| 2.1. Global Smart Hospital Beds Market (2018 – 2022) |
| 2.2. Global Smart Hospital Beds Market (2023 – 2029) |
| 3. Market Segmentation |
| 3.1. Global Smart Hospital Beds Market by Technology Type |
| 3.1.1. Semi-Automated |
| 3.1.2. Automated |
| 3.2. Global Smart Hospital Beds Market by Treatment Type |
| 3.2.1. Critical Care |
| 3.2.2. Acute Care |
| 3.2.3. Long-term Care |
| 3.3. Global Smart Hospital Beds Market by End-User |
| 3.3.1. Hospitals |
| 3.3.2. Outpatient Centers |
| 3.3.3. Elder Care Facilities |
| 3.3.4. Others |
| 4. Regional Segmentation |
| 4.1. North America |
| 4.1.1. The U.S |
| 4.1.2. Canada |
| 4.1.3. Mexico |
| 4.2. South America |
| 4.2.1. Brazil |
| 4.2.2. Argentina |
| 4.2.3. Colombia |
| 4.2.4. Chile |
| 4.2.5. Rest of South America |
| 4.3. Asia Pacific |
| 4.3.1. China |
| 4.3.2. India |
| 4.3.3. Japan |
| 4.3.4. South Korea |
| 4.3.5. Rest of Asia Pacific |
| 4.4. Europe |
| 4.4.1. UK |
| 4.4.2. Germany |
| 4.4.3. Italy |
| 4.4.4. France |
| 4.4.5. Spain |
| 4.4.6. Rest of Europe |
| 4.5. The Middle East |
| 4.5.1. Turkey |
| 4.5.2. UAE |
| 4.5.3. Saudi Arabia |
| 4.5.4. Rest of the Middle East |
| 4.6. Africa |
| 4.6.1. Egypt |
| 4.6.2. South Africa |
| 4.6.3. Rest of Africa |
| 5. Value Chain Analysis of the Global Smart Hospital Beds Market |
| 6. Porter Five Forces Analysis |
| 6.1. Threats of New Entrants |
| 6.2. Threats of Substitutes |
| 6.3. Bargaining Power of Buyers |
| 6.4. Bargaining Power of Suppliers |
| 6.5. Competition in the Industry |
| 7. Trends, Drivers and Challenges Analysis |
| 7.1. Market Trends |
| 7.1.1. Market Trend 1 |
| 7.1.2. Market Trend 2 |
| 7.1.3. Market Trend 3 |
| 7.1.4. Market Trend 4 |
| 7.1.5. Market Trend 5 |
| 7.2. Market Drivers |
| 7.2.1. Market Driver 1 |
| 7.2.2. Market Driver 2 |
| 7.2.3. Market Driver 3 |
| 7.2.4. Market Driver 4 |
| 7.2.5. Market Driver 5 |
| 7.3. Market Challenges |
| 7.3.1. Market Challenge 1 |
| 7.3.2. Market Challenge 2 |
| 7.3.3. Market Challenge 3 |
| 7.3.4. Market Challenge 4 |
| 7.3.5. Market Challenge 5 |
| 8. Regulatory Landscape |
| 9. Competitive Landscape |
| 9.1. Baxter International, Inc. |
| 9.2. Stryker Corp. |
| 9.3. Joerns Healthcare LLC |
| 9.4. Linet Group SE |
| 9.5. Paramount Bed Holdings Co |
| 9.6. Company 6 |
| 9.7. Company 7 |
| 9.8. Company 8 |
| 9.9. Company 9 |
| 9.10. Company 10 |
Smart Hospital Beds Market – Frequently Asked Questions (FAQs)
What is the current size of the global smart hospital beds market?
The market size for the global smart hospital beds market in 2024 is $644.29 Mn.
Who are the major vendors in the global smart hospital beds market?
The major vendors in the global smart hospital beds market are Baxter International, Inc., Stryker Corp., Joerns Healthcare LLC, Linet Group SE, Paramount Bed Holdings Co. Ltd.
Which segments are covered under the global smart hospital beds market segments analysis?
This report offers in-depth insights into each technology type, treatment type, end-user.