Smart Bed Market Size and Growth Rate:
According to the Research Report, the Global Smart Bed Market Size was valued USD 2.6 Billion in 2016 and was Expected to Reach USD 4.8 Billion USD by 2024 at a CAGR of 7.9% during the forecast period 2016-2024.
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Smart Bed Market Overview:
Smart beds are the most important part of hospitals, providing patient support, and advancing infrastructure facilities. Smart beds have all the major types of sensors that can monitor the movement and pressure of patients lying down, as well as non-invasive potions for the treatment.
Smart Bed Market Growth Drivers and Restraints:
The global smart bed market is expected to grow at an accelerated pace over the forecast period due to increased per capita income in developed countries, rising health care costs, higher patient demand, and increased demand for health care facilities. The increased incidence of cardiovascular disorders is expected to stimulate the demand for these beds, which are integrated with sensors and integrated cardiovascular monitoring devices that trigger an alarm when a patient has a heart attack. Smart beds are a growing market over the forecast period, as healthcare spending increases and technology advances.
The growing number of cardiovascular patients is also increasing the demand for smart beds because in smart hospitals, cardiovascular monitoring devices and sensors are connected, which activates the alarm if a patient receives the connection. Smart beds are very useful for patients with pressure ulcers because they provide optimal pressure conditions and other cooling systems, adapted to patients.
The high cost and lack of availability of products throughout the region are the current barriers in the smart hospital bed market. Players also benefit from several technological advances and modern sensors for patient care.
The applications of these intelligent beds can be found in intensive care, non-intensive care and other areas at the places like hospitals, retirement homes, home care centers and senior care centers.
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Smart Bed Market Geographical Insights:
In terms of region, the world smart bed market can be segmented into North America, Europe, Asia-Pacific, Latin America, and Middle East and Africa. Expanding health care spending and the availability of state-of-the-art health care facilities are expected to increase the demand for smart beds in North America. Asia Pacific will also be a lucrative region for this market with the expanding patients bases and healthcare innovations.
Key Players of the Smart Bed Market:
Key players in the global smart bed market include Hill-Rom Services, Inc., Amico Group of Companies, Stryker, Malvestio Spa, Antano Group, Besco Medical Co., Ltd., and BaKare Beds Ltd.
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