Smart Hospital Beds Market Overview
An overview of conceptual frameworks, analytical approaches of the Smart Hospital Beds market is the main objective of the report, which further consists of the market opportunity and insights of the data involved in the making of the respective market. Smart Hospital Beds market is expected to grow with a significant rate in the near future.
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%.
Smart Hospital Beds Market Definition
Similar to many other industries across the world, the health management and medical industry have come a long way in advancing their technology and innovating new and more effective medical devices and methods in order to provide superior quality of treatments to patients across the world. The medical care and hospitals facilities are advanced enough in recent times to offer a comfortable and pleasant experience to the patients. In a similar manner, a hospital bed is the place where patients in the hospitals spend most of their time and thus, the hospitals beds also evolved with time and consist of smart technologies to fulfil the needs of the patients.
The advent of smart and robotic technology in the health management sector has positively influenced the facilities provided at the medical centres. In the present-day world, the hospital beds are embedded with smart sensors and advanced embedded control functions and interactivity, which keeps track of the patient’s movement and provides assistance and monitoring to the patient care.
Such beneficial factors of the smart hospitals beds provide assistance to the medical practitioners across the world to provide appropriate treatments to the patients, thereby propelling the demand of smart hospital beds worldwide. Therefore, the global smart hospital beds market is projected to elevate swiftly in the upcoming years.
Smart Hospital Beds Market Dynamics
The health management sector has been through a huge transformation in the past few decades that has revolutionized the clinical methods and equipment used to provide medical care to patients. The healthcare industry continually aims their attention to provide the best medical care to the population across the world with a pleasant experience.
The latest technological advances and scientific achievements have brought an enormous exhibit of modern and upgraded medical devices, authorized with highly-upgraded embedded-control functions and interactivity.
The hospital beds have also been influenced with the technological upsurge as it has been developed in a whole new form and functions, throughout the time accommodating to established features that is prominent for these medical equipment.
The smart hospital beds are integrated with smart solutions in order to support patients so that the medical experts can perform appropriate health checkup and offer suitable treatment and other medical facilities. Owing to which, the smart hospital beds market is projected to witness a number of growth opportunities in the forthcoming years.
The strong support from government authorities to develop and upgrade healthcare facilities across the world as well as plenty of investments is one of the major factors that is supporting the growth of the global smart hospital beds market.
Basically, a smart hospital bed is an advanced well-equipped medical equipment enabled with the latest smart technology for patient care. In an elaborate manner, the smart hospital beds are embedded with an LCD monitor to keep a track on the movements and activities of patients such as pressure, blood flow pattern, sleeping patterns, spinal cord’s motion during the sleeping time, and in medical emergency case potential to connect directly to the medical experts via smart sensors attached on the bed.
In addition to that, a smart hospital bed can be linked via the Internet and remotely monitored by a healthcare worker, attendants, caretakers or any health care professional.
Moreover, it has attached wheels that can assist a medical expert or a registered attendant to move patients from one place to another during the whole health check-up and treatment processes.
All such beneficial factors act as a major driver to simulate the demand of smart hospital beds in the upcoming future. Owing to which, the global smart hospital beds market is expected to observe significant growth in the coming years.
Smart Hospital Beds Market Segmentation
The global smart hospital beds market is at first bifurcated on the basis of product type into psychiatric care beds, long-term care beds, acute care beds, bariatric beds, and others.
Further, the market is divided on the basis of bed type into electric beds, manual beds, and semi-electric beds. Then, the global smart hospital beds market is segmented on the basis of application into intensive care, non-intensive care, and others.
Based on end-users, the market is segmented into hospitals, nursing homes, home care settings, and elderly care facilities.
Lastly, the market is bifurcated on the basis of region into North America, Latin America, Middle East, Asia-Pacific, Africa and Europe.
Smart Hospital Beds Market Key Players
The key participating players of the global smart hospital beds market 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.
MMC Overview on Smart Hospital Beds Market Report
The non-identical approach of Meridian Market Consultants stands with conceptual methods backed up with the data analysis. The novel market understanding approach makes up the standard of the assessment results that give better opportunity for the customers to put their effort.
A research report on the Smart Hospital Beds market by Meridian Market Consultants is an in-depth and extensive study of the market based on the necessary data crunching and statistical analysis. It provides a brief view of the dynamics flowing through the market, which includes the factors that supports market and the factors that are acting as impedance for the growth of the market.
Furthermore, the report includes the various trends and opportunities in the respective market in different regions for a better understanding of readers that helps to analyze the potential of the market. The report is titled as ‘Smart Hospital Beds Market: Opportunity Analysis and Future Assessment 2020-2028’.
Factors that are benchmarked while estimating the market
Various factors that are benchmarked while estimating the market growth includes (but not restricted to):
New product designs and launches
Current product compliance
Concerns for use of Smart Hospital Beds
Advantage of Smart Hospital Beds
Actions taken by the manufacturer and respective regulatory authorities also impact the market growth of the segment. These factors are understood at regional level and in major countries globally for providing regional insights of the product segment in the report. This helps our clients to take informed decision.
A mix of top-down and bottom-up approach is followed to arrive and validate our market value estimations. For a product segment like wherein one/two manufacturer(s) dominates the market, it’s products sales, previous growth rates and market expansion plans are considered to generate market share in the global market.