Healthcare Smart Beds Market Size, Share & Trends Analysis Report By Application (Hospitals, Outpatient Clinics, Medical Nursing Homes, Medical Laboratory & Research), By Region, And Segment Forecasts, 2021 - 2028
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Healthcare Smart Beds Market Growth & Trends
The global healthcare smart beds market size is expected to reach USD 740.6 million by 2028, according to a new report by Grand View Research, Inc. It is expected to expand at a CAGR of 7.6% from 2021 to 2028. Hospital beds are the most utilized component in hospitals. Patients spend extended periods of time on these beds, which makes it vital for hospitals, nursing homes, and other healthcare settings to ensure the quality and comfort of these beds in order to aid the fast recovery of patients. The introduction and incorporation of smart technologies in hospital beds in recent years have greatly assisted nursing and healthcare staff in recording, monitoring, and analyzing minute details of the patients’ health for effective patient care.
There has been a rising demand for precise and rapid medical care across the globe and early detection of any changes in vital signs is crucial for the proper monitoring of the patient. These medical smart beds are becoming an important resource in assisting medical teams for the continuous monitoring of patients and numerous studies have shown their efficacy in healthcare settings. A recent study conducted by Harvard Medical School highlighted that the use of smart beds could help in reducing code blue events by 86% and as a result, this reduces the average stay of ICU patients who have been transferred from the surgical unit by 45%.
With the rising demand for comfort in hospitals, increasing healthcare expenditure, and emerging technological advancements, the demand for smart beds is also rising across the healthcare sector. Smart beds are integrated with sensors and control panels that monitor and relay the vitals of patients for timely intervention. Home healthcare has been gaining significant traction across the globe as it helps save considerable costs for patients. A majority of the cost of hospital treatments is associated with high-quality facilities and amenities at the hospitals. This is driving families of patients with chronic illnesses to invest in smart beds so that they can take care of the patients from the comfort of their own homes without any additional cost.
Companies are introducing new innovative products to address the evolving needs of hospitals and gain a competitive edge over other manufacturers. For instance, in October 2020, Stryker launched a new smart bed called ProCuity, which is a completely wireless hospital bed with a number of smart patient monitoring features. ProCuity has been incorporated with Stryker’s Secure Connect technology, which helps in providing a wireless method to connect to nurse call systems. The nurse call system helps in streaming parameters such as bed configuration, exit alarms, the position of side rails, and movement to hospital information systems (HIS). This helps in keeping a note of all important readings and observe the changes.
Healthcare Smart Beds Market Report Highlights
Healthcare Smart Beds Market Growth & Trends
The global healthcare smart beds market size is expected to reach USD 740.6 million by 2028, according to a new report by Grand View Research, Inc. It is expected to expand at a CAGR of 7.6% from 2021 to 2028. Hospital beds are the most utilized component in hospitals. Patients spend extended periods of time on these beds, which makes it vital for hospitals, nursing homes, and other healthcare settings to ensure the quality and comfort of these beds in order to aid the fast recovery of patients. The introduction and incorporation of smart technologies in hospital beds in recent years have greatly assisted nursing and healthcare staff in recording, monitoring, and analyzing minute details of the patients’ health for effective patient care.
There has been a rising demand for precise and rapid medical care across the globe and early detection of any changes in vital signs is crucial for the proper monitoring of the patient. These medical smart beds are becoming an important resource in assisting medical teams for the continuous monitoring of patients and numerous studies have shown their efficacy in healthcare settings. A recent study conducted by Harvard Medical School highlighted that the use of smart beds could help in reducing code blue events by 86% and as a result, this reduces the average stay of ICU patients who have been transferred from the surgical unit by 45%.
With the rising demand for comfort in hospitals, increasing healthcare expenditure, and emerging technological advancements, the demand for smart beds is also rising across the healthcare sector. Smart beds are integrated with sensors and control panels that monitor and relay the vitals of patients for timely intervention. Home healthcare has been gaining significant traction across the globe as it helps save considerable costs for patients. A majority of the cost of hospital treatments is associated with high-quality facilities and amenities at the hospitals. This is driving families of patients with chronic illnesses to invest in smart beds so that they can take care of the patients from the comfort of their own homes without any additional cost.
Companies are introducing new innovative products to address the evolving needs of hospitals and gain a competitive edge over other manufacturers. For instance, in October 2020, Stryker launched a new smart bed called ProCuity, which is a completely wireless hospital bed with a number of smart patient monitoring features. ProCuity has been incorporated with Stryker’s Secure Connect technology, which helps in providing a wireless method to connect to nurse call systems. The nurse call system helps in streaming parameters such as bed configuration, exit alarms, the position of side rails, and movement to hospital information systems (HIS). This helps in keeping a note of all important readings and observe the changes.
Healthcare Smart Beds Market Report Highlights
- By application, the hospitals segment is projected to expand at the fastest CAGR in terms of revenue as well as volume from 2021 to 2028 owing to the rising incidences of in-patient admissions due to chronic ailments, such as cancer, kidney failure, and heart diseases
- In terms of revenue, North America dominated the market by accounting for over 55.0% share in 2020. This is attributed to the augmented usage of healthcare smart beds in acute care or long-term care facilities
- Europe is projected to expand at the fastest revenue-based CAGR of 7.8% from 2021 to 2028 owing to the increasing demand for better healthcare among the aging population and growing investment in smart technologies
CHAPTER 1. METHODOLOGY AND SCOPE
1.1. Market Segmentation & Scope
1.2. Market Definition
1.3. Information Procurement
1.3.1. Purchased Database
1.3.2. GVR’s Internal Database
1.3.3. Secondary Sources & Third-Party Perspectives
1.3.4. Primary Research
1.4. Information Analysis
1.4.1. Data Analysis Models
1.5. Market Formulation & Data Visualization
1.6. Data Validation & Publishing
CHAPTER 2. EXECUTIVE SUMMARY
2.1. Market Outlook
2.2. Application Outlook
2.3. Regional Outlook
2.4. Competitive Insights
CHAPTER 3. HEALTHCARE SMART BEDS MARKET VARIABLES, TRENDS & SCOPE
3.1. Market Introduction
3.2. Penetration & Growth Prospect Mapping
3.3. Impact of Covid-19 on Healthcare Smart Beds Market
3.4. Industry Value Chain Analysis
3.4.1. Sales/Retail Channel Analysis
3.4.2. Profit Margin Analysis
3.5. Market Dynamics
3.5.1. Market Driver Analysis
3.5.2. Market Restraint Analysis
3.5.3. Industry Challenges
3.5.4. Industry Opportunities
3.6. Business Environment Analysis
3.6.1. Industry Analysis - Porter’s
3.6.1.1. Supplier Power
3.6.1.2. Buyer Power
3.6.1.3. Substitution Threat
3.6.1.4. Threat from New Entrant
3.6.1.5. Competitive Rivalry
3.7. Roadmap of Healthcare Smart Beds Market
3.8. Market Entry Strategies
CHAPTER 4. CONSUMER BEHAVIOR ANALYSIS
4.1. Consumer Trends and Preferences
4.2. Factors Affecting Buying Decision
4.3. Consumer Product Adoption
4.4. Observations & Recommendations
CHAPTER 5. HEALTHCARE SMART BEDS MARKET: APPLICATION ESTIMATES & TREND ANALYSIS
5.1. Application Movement Analysis & Market Share, 2020 & 2028
5.2. Hospitals
5.2.1. Market estimates and forecast, 2016 - 2028 (USD Million) (Thousand Units)
5.3. Outpatient Clinics
5.3.1. Market estimates and forecast, 2016 - 2028 (USD Million) (Thousand Units)
5.4. Medical Nursing Homes
5.4.1. Market estimates and forecast, 2016 - 2028 (USD Million) (Thousand Units)
5.5. Medical Laboratory and Research
5.5.1. Market estimates and forecast, 2016 - 2028 (USD Million) (Thousand Units)
CHAPTER 6. HEALTHCARE SMART BEDS MARKET: REGIONAL ESTIMATES & TREND ANALYSIS
6.1. Regional Movement Analysis & Market Share, 2020 & 2028
6.2. North America
6.2.1. Market estimates and forecast, 2016 - 2028 (USD Million) (Thousand Units)
6.2.2. Market estimates and forecast, by application, 2016 - 2028 (USD Million) (Thousand Units)
6.2.3. U.S.
6.2.3.1. Market estimates and forecast, 2016 - 2028 (USD Million) (Thousand Units)
6.2.3.2. Market estimates and forecast, by application, 2016 - 2028 (USD Million) (Thousand Units)
6.3. Europe
6.3.1. Market estimates and forecast, 2016 - 2028 (USD Million) (Thousand Units)
6.3.2. Market estimates and forecast, by application, 2016 - 2028 (USD Million) (Thousand Units)
6.3.3. Germany
6.3.3.1. Market estimates and forecast, 2016 - 2028 (USD Million) (Thousand Units)
6.3.3.2. Market estimates and forecast, by application, 2016 - 2028 (USD Million) (Thousand Units)
6.3.4. U.K.
6.3.4.1. Market estimates and forecast, 2016 - 2028 (USD Million) (Thousand Units)
6.3.4.2. Market estimates and forecast, by application, 2016 - 2028 (USD Million) (Thousand Units)
6.3.5. France
6.3.5.1. Market estimates and forecast, 2016 - 2028 (USD Million) (Thousand Units)
6.3.5.2. Market estimates and forecast, by application, 2016 - 2028 (USD Million) (Thousand Units)
6.3.6. Italy
6.3.6.1. Market estimates and forecast, 2016 - 2028 (USD Million) (Thousand Units)
6.3.6.2. Market estimates and forecast, by application, 2016 - 2028 (USD Million) (Thousand Units)
6.3.7. Spain
6.3.7.1. Market estimates and forecast, 2016 - 2028 (USD Million) (Thousand Units)
6.3.7.2. Market estimates and forecast, by application, 2016 - 2028 (USD Million) (Thousand Units)
CHAPTER 7. COMPETITIVE ANALYSIS
7.1. Key Global Players, Recent Developments & Their Impact on The Industry
7.2. Key Company/Competition Categorization (Key innovators, Market leaders, Emerging players)
7.3. Vendor Landscape
7.3.1. Key Company Market Share Analysis, 2020
CHAPTER 8. COMPANY PROFILES
8.1. Stryker Corporation
8.1.1. Company Overview
8.1.2. Financial Performance
8.1.3. Thickness Benchmarking
8.1.4. Strategic Initiatives
8.2. Hill-Rom Holdings Inc.
8.2.1. Company Overview
8.2.2. Financial Performance
8.2.3. Thickness Benchmarking
8.2.4. Strategic Initiatives
8.3. Invacare Corporation
8.3.1. Company Overview
8.3.2. Financial Performance
8.3.3. Thickness Benchmarking
8.3.4. Strategic Initiatives
8.4. Paramount Bed Holdings Co., Ltd.
8.4.1. Company Overview
8.4.2. Financial Performance
8.4.3. Thickness Benchmarking
8.4.4. Strategic Initiatives
8.5. LINET
8.5.1. Company Overview
8.5.2. Financial Performance
8.5.3. Thickness Benchmarking
8.5.4. Strategic Initiatives
8.6. Joerns Healthcare LLC
8.6.1. Company Overview
8.6.2. Financial Performance
8.6.3. Thickness Benchmarking
8.6.4. Strategic Initiatives
8.7. Stiegelmeyer GmbH & Co. KG
8.7.1. Company Overview
8.7.2. Financial Performance
8.7.3. Thickness Benchmarking
8.7.4. Strategic Initiatives
8.8. Arjo
8.8.1. Company Overview
8.8.2. Financial Performance
8.8.3. Thickness Benchmarking
8.8.4. Strategic Initiatives
8.9. V?lker GmbH
8.9.1. Company Overview
8.9.2. Financial Performance
8.9.3. Thickness Benchmarking
8.9.4. Strategic Initiatives
8.10. Favero Health Projects SpA
8.10.1. Company Overview
8.10.2. Financial Performance
8.10.3. Thickness Benchmarking
8.10.4. Strategic Initiatives
1.1. Market Segmentation & Scope
1.2. Market Definition
1.3. Information Procurement
1.3.1. Purchased Database
1.3.2. GVR’s Internal Database
1.3.3. Secondary Sources & Third-Party Perspectives
1.3.4. Primary Research
1.4. Information Analysis
1.4.1. Data Analysis Models
1.5. Market Formulation & Data Visualization
1.6. Data Validation & Publishing
CHAPTER 2. EXECUTIVE SUMMARY
2.1. Market Outlook
2.2. Application Outlook
2.3. Regional Outlook
2.4. Competitive Insights
CHAPTER 3. HEALTHCARE SMART BEDS MARKET VARIABLES, TRENDS & SCOPE
3.1. Market Introduction
3.2. Penetration & Growth Prospect Mapping
3.3. Impact of Covid-19 on Healthcare Smart Beds Market
3.4. Industry Value Chain Analysis
3.4.1. Sales/Retail Channel Analysis
3.4.2. Profit Margin Analysis
3.5. Market Dynamics
3.5.1. Market Driver Analysis
3.5.2. Market Restraint Analysis
3.5.3. Industry Challenges
3.5.4. Industry Opportunities
3.6. Business Environment Analysis
3.6.1. Industry Analysis - Porter’s
3.6.1.1. Supplier Power
3.6.1.2. Buyer Power
3.6.1.3. Substitution Threat
3.6.1.4. Threat from New Entrant
3.6.1.5. Competitive Rivalry
3.7. Roadmap of Healthcare Smart Beds Market
3.8. Market Entry Strategies
CHAPTER 4. CONSUMER BEHAVIOR ANALYSIS
4.1. Consumer Trends and Preferences
4.2. Factors Affecting Buying Decision
4.3. Consumer Product Adoption
4.4. Observations & Recommendations
CHAPTER 5. HEALTHCARE SMART BEDS MARKET: APPLICATION ESTIMATES & TREND ANALYSIS
5.1. Application Movement Analysis & Market Share, 2020 & 2028
5.2. Hospitals
5.2.1. Market estimates and forecast, 2016 - 2028 (USD Million) (Thousand Units)
5.3. Outpatient Clinics
5.3.1. Market estimates and forecast, 2016 - 2028 (USD Million) (Thousand Units)
5.4. Medical Nursing Homes
5.4.1. Market estimates and forecast, 2016 - 2028 (USD Million) (Thousand Units)
5.5. Medical Laboratory and Research
5.5.1. Market estimates and forecast, 2016 - 2028 (USD Million) (Thousand Units)
CHAPTER 6. HEALTHCARE SMART BEDS MARKET: REGIONAL ESTIMATES & TREND ANALYSIS
6.1. Regional Movement Analysis & Market Share, 2020 & 2028
6.2. North America
6.2.1. Market estimates and forecast, 2016 - 2028 (USD Million) (Thousand Units)
6.2.2. Market estimates and forecast, by application, 2016 - 2028 (USD Million) (Thousand Units)
6.2.3. U.S.
6.2.3.1. Market estimates and forecast, 2016 - 2028 (USD Million) (Thousand Units)
6.2.3.2. Market estimates and forecast, by application, 2016 - 2028 (USD Million) (Thousand Units)
6.3. Europe
6.3.1. Market estimates and forecast, 2016 - 2028 (USD Million) (Thousand Units)
6.3.2. Market estimates and forecast, by application, 2016 - 2028 (USD Million) (Thousand Units)
6.3.3. Germany
6.3.3.1. Market estimates and forecast, 2016 - 2028 (USD Million) (Thousand Units)
6.3.3.2. Market estimates and forecast, by application, 2016 - 2028 (USD Million) (Thousand Units)
6.3.4. U.K.
6.3.4.1. Market estimates and forecast, 2016 - 2028 (USD Million) (Thousand Units)
6.3.4.2. Market estimates and forecast, by application, 2016 - 2028 (USD Million) (Thousand Units)
6.3.5. France
6.3.5.1. Market estimates and forecast, 2016 - 2028 (USD Million) (Thousand Units)
6.3.5.2. Market estimates and forecast, by application, 2016 - 2028 (USD Million) (Thousand Units)
6.3.6. Italy
6.3.6.1. Market estimates and forecast, 2016 - 2028 (USD Million) (Thousand Units)
6.3.6.2. Market estimates and forecast, by application, 2016 - 2028 (USD Million) (Thousand Units)
6.3.7. Spain
6.3.7.1. Market estimates and forecast, 2016 - 2028 (USD Million) (Thousand Units)
6.3.7.2. Market estimates and forecast, by application, 2016 - 2028 (USD Million) (Thousand Units)
CHAPTER 7. COMPETITIVE ANALYSIS
7.1. Key Global Players, Recent Developments & Their Impact on The Industry
7.2. Key Company/Competition Categorization (Key innovators, Market leaders, Emerging players)
7.3. Vendor Landscape
7.3.1. Key Company Market Share Analysis, 2020
CHAPTER 8. COMPANY PROFILES
8.1. Stryker Corporation
8.1.1. Company Overview
8.1.2. Financial Performance
8.1.3. Thickness Benchmarking
8.1.4. Strategic Initiatives
8.2. Hill-Rom Holdings Inc.
8.2.1. Company Overview
8.2.2. Financial Performance
8.2.3. Thickness Benchmarking
8.2.4. Strategic Initiatives
8.3. Invacare Corporation
8.3.1. Company Overview
8.3.2. Financial Performance
8.3.3. Thickness Benchmarking
8.3.4. Strategic Initiatives
8.4. Paramount Bed Holdings Co., Ltd.
8.4.1. Company Overview
8.4.2. Financial Performance
8.4.3. Thickness Benchmarking
8.4.4. Strategic Initiatives
8.5. LINET
8.5.1. Company Overview
8.5.2. Financial Performance
8.5.3. Thickness Benchmarking
8.5.4. Strategic Initiatives
8.6. Joerns Healthcare LLC
8.6.1. Company Overview
8.6.2. Financial Performance
8.6.3. Thickness Benchmarking
8.6.4. Strategic Initiatives
8.7. Stiegelmeyer GmbH & Co. KG
8.7.1. Company Overview
8.7.2. Financial Performance
8.7.3. Thickness Benchmarking
8.7.4. Strategic Initiatives
8.8. Arjo
8.8.1. Company Overview
8.8.2. Financial Performance
8.8.3. Thickness Benchmarking
8.8.4. Strategic Initiatives
8.9. V?lker GmbH
8.9.1. Company Overview
8.9.2. Financial Performance
8.9.3. Thickness Benchmarking
8.9.4. Strategic Initiatives
8.10. Favero Health Projects SpA
8.10.1. Company Overview
8.10.2. Financial Performance
8.10.3. Thickness Benchmarking
8.10.4. Strategic Initiatives
LIST OF TABLES
1. Healthcare smart beds - Key market driver analysis
2. Healthcare smart beds - Key market restraint analysis
3. Global healthcare smart beds estimates and forecast for hospitals, 2016 - 2028 (USD Million) (Thousand Units)
4. Global healthcare smart beds market estimates and forecast for outpatient clinics, 2016 - 2028 (USD Million) (Thousand Units)
5. Global healthcare smart beds market estimates and forecast for medical nursing homes, 2016 - 2028 (USD Million) (Thousand Units)
6. Global healthcare smart beds market estimates and forecast for medical laboratory and research, 2016 - 2028 (USD Million) (Thousand Units)
7. North America healthcare smart beds market estimates and forecast, 2016 - 2028 (USD Million) (Thousand Units)
8. North America healthcare smart beds market revenue estimates and forecast by application, 2016 - 2028 (USD Million) (Thousand Units)
9. U.S. healthcare smart beds market estimates and forecast, 2016 - 2028 (USD Million) (Thousand Units)
10. U.S. healthcare smart beds market revenue estimates and forecast by application, 2016 - 2028 (USD Million) (Thousand Units)
11. Europe healthcare smart beds market estimates and forecast, 2016 - 2028 (USD Million) (Thousand Units)
12. Europe healthcare smart beds market revenue estimates and forecast by application, 2016 - 2028 (USD Million) (Thousand Units)
13. Germany healthcare smart beds market estimates and forecast, 2016 - 2028 (USD Million) (Thousand Units)
14. Germany healthcare smart beds market revenue estimates and forecast by application, 2016 - 2028 (USD Million) (Thousand Units)
15. U.K. healthcare smart beds market estimates and forecast, 2016 - 2028 (USD Million) (Thousand Units)
16. U.K. healthcare smart beds market revenue estimates and forecast by application, 2016 - 2028 (USD Million) (Thousand Units)
17. France healthcare smart beds market estimates and forecast, 2016 - 2028 (USD Million) (Thousand Units)
18. France healthcare smart beds market revenue estimates and forecast by application, 2016 - 2028 (USD Million) (Thousand Units)
19. Italy healthcare smart beds market estimates and forecast, 2016 - 2028 (USD Million) (Thousand Units)
20. Italy healthcare smart beds market revenue estimates and forecast by application, 2016 - 2028 (USD Million) (Thousand Units)
21. Spain healthcare smart beds market estimates and forecast, 2016 - 2028 (USD Million) (Thousand Units)
22. Spain healthcare smart beds market revenue estimates and forecast by application, 2016 - 2028 (USD Million) (Thousand Units)
23. Vendor landscape
1. Healthcare smart beds - Key market driver analysis
2. Healthcare smart beds - Key market restraint analysis
3. Global healthcare smart beds estimates and forecast for hospitals, 2016 - 2028 (USD Million) (Thousand Units)
4. Global healthcare smart beds market estimates and forecast for outpatient clinics, 2016 - 2028 (USD Million) (Thousand Units)
5. Global healthcare smart beds market estimates and forecast for medical nursing homes, 2016 - 2028 (USD Million) (Thousand Units)
6. Global healthcare smart beds market estimates and forecast for medical laboratory and research, 2016 - 2028 (USD Million) (Thousand Units)
7. North America healthcare smart beds market estimates and forecast, 2016 - 2028 (USD Million) (Thousand Units)
8. North America healthcare smart beds market revenue estimates and forecast by application, 2016 - 2028 (USD Million) (Thousand Units)
9. U.S. healthcare smart beds market estimates and forecast, 2016 - 2028 (USD Million) (Thousand Units)
10. U.S. healthcare smart beds market revenue estimates and forecast by application, 2016 - 2028 (USD Million) (Thousand Units)
11. Europe healthcare smart beds market estimates and forecast, 2016 - 2028 (USD Million) (Thousand Units)
12. Europe healthcare smart beds market revenue estimates and forecast by application, 2016 - 2028 (USD Million) (Thousand Units)
13. Germany healthcare smart beds market estimates and forecast, 2016 - 2028 (USD Million) (Thousand Units)
14. Germany healthcare smart beds market revenue estimates and forecast by application, 2016 - 2028 (USD Million) (Thousand Units)
15. U.K. healthcare smart beds market estimates and forecast, 2016 - 2028 (USD Million) (Thousand Units)
16. U.K. healthcare smart beds market revenue estimates and forecast by application, 2016 - 2028 (USD Million) (Thousand Units)
17. France healthcare smart beds market estimates and forecast, 2016 - 2028 (USD Million) (Thousand Units)
18. France healthcare smart beds market revenue estimates and forecast by application, 2016 - 2028 (USD Million) (Thousand Units)
19. Italy healthcare smart beds market estimates and forecast, 2016 - 2028 (USD Million) (Thousand Units)
20. Italy healthcare smart beds market revenue estimates and forecast by application, 2016 - 2028 (USD Million) (Thousand Units)
21. Spain healthcare smart beds market estimates and forecast, 2016 - 2028 (USD Million) (Thousand Units)
22. Spain healthcare smart beds market revenue estimates and forecast by application, 2016 - 2028 (USD Million) (Thousand Units)
23. Vendor landscape
LIST OF FIGURES
1. Healthcare smart beds market snapshot
2. Healthcare smart beds market segmentation & scope
3. Healthcare smart beds market penetration & growth prospect mapping
4. Healthcare smart beds value chain analysis
5. Healthcare smart beds market dynamics
6. Healthcare smart beds market Porter's analysis
7. Healthcare smart beds market: Application movement analysis
8. Healthcare smart beds market: Regional movement analysis
9. Healthcare smart beds market: Estimated market share analysis, 2020
1. Healthcare smart beds market snapshot
2. Healthcare smart beds market segmentation & scope
3. Healthcare smart beds market penetration & growth prospect mapping
4. Healthcare smart beds value chain analysis
5. Healthcare smart beds market dynamics
6. Healthcare smart beds market Porter's analysis
7. Healthcare smart beds market: Application movement analysis
8. Healthcare smart beds market: Regional movement analysis
9. Healthcare smart beds market: Estimated market share analysis, 2020
