The technologically evolving health management sector globally and other major driving factors is expected to favour the rise in the global smart hospital beds market
Global Smart Hospital Beds Market, By Product Type (psychiatric care beds, long-term care beds, acute care beds, bariatric beds, and others), By Bed Type (electric beds, manual beds, and semi-electric beds), By Application (intensive care, non-intensive care, and others), By End-users (hospitals, nursing homes, home care settings, and elderly care facilities), and By Region (North America, Europe, Asia Pacific, Latin America, Middle East, & Africa) is expected to grow at a significant CAGR for the period between 2020 and 2028.
The global smart hospital beds market in 2020 is estimated for more than US$ 0.7 Bn and expected to reach at a value of US$ 2.3 Bn by 2028 with a significant CAGR of 16.3%.
As per the report, hospitals are unfinished without hospital beds as it plays an essential role in accommodating support to the patients as well as infrastructure advancement to the hospitals and medical centres.
Traditionally, the hospital beds used to be in a regular form and designed to perform basic functions with a holder to hold saline water and adhered with some box and tray to keep some of the medicine and other basic stuff.
With the advancement in the whole healthcare industry, the hospital beds has also been positively influenced as it has evolved, in the present-day world, with embedded smart technology to assist the medical practitioners for providing the best and effective treatment and medical care to patients.
The smart hospital beds are installed with smart sensors to oversee and keep an eye on the movements of the patient and quickly contact the doctors or registered attendants in any kind of emergency situation. Such benefits of smart hospital beds gain patient’s compliance across the world, thereby projected to boost the growth of the global smart hospital beds market in the forthcoming years.
By the same token, a smart hospital bed also consists of an LCD monitor to keep a check of the health of patients such as blood flow pattern, pressure, sleeping activities, spinal cord’s movement during the sleeping time. These additional functions also positively contribute to the rising demand of smart hospital beds across the globe. Attributing to which, the global smart hospital beds market is expected to elevate swiftly in the given timeframe.
Other than that, the increasing per capita income in both, developed as well as developing countries, across the world and associated elevating demand of superior quality of medical care with advanced medical equipment is also playing a major role in accelerating the demand of smart hospital beds worldwide.
However, there is still a shortage of expertise in manufacturing smart hospital beds and smart technology, in few emerging regions, which is likely to obstruct the growth of the global smart hospital beds market over the forecast period.
Moreover, the high cost of smart hospital beds is also not affordable in some regions which may also act as a restraining factor for the further growth of the global smart hospital beds market in the forthcoming future.
Nevertheless, the growing count of new market players exploring new and advanced possibilities is estimated to give a positive push to the demand of smart hospital beds in the global market. Hence, the global smart hospital beds market is expected to flourish more rapidly in the coming years.
MMC Study identifies some of the key participating players in the smart hospital beds market globally are Stryker, Malvestio Spa, Hill-Rom Services, Inc., Amico Group of Companies, Antano Group, Besco Medical Co., Ltd., BaKare Beds Ltd., Famed, Zywiec Sp. z o.o., Gendron, Inc., Getinge AB, GF Health Products, Inc., HARD Manufacturing Company, Inc., Invacare Corporation, and Midmark Corporation, among others.
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