US and Europe Smart Hospital Beds Market is expected to reach US$ 859.45 million by 2028

Publisher: The Insight Partners

400 to 500 lb Segment, by Patient Weight, to Dominate US and Europe Smart Hospital Beds Market During 2022–2028

According to our new research study on "US and Europe Smart Hospital Beds Market Forecast to 2028 – COVID-19 Impact and Regional Analysis – by Patient Weight, Offering, Application, and End User," the market is expected to grow from US$ 405.20 million in 2022 to US$ 859.45 million by 2028; it is estimated to register a CAGR of 13.4% from 2022 to 2028. Key factors driving the smart hospital beds market growth are increasing investments in healthcare infrastructure and advantages of smart beds, growing geriatric population, and rising developments in healthcare infrastructures and growth strategies by smart hospital bed providers. However, cybersecurity risks and recalls associated with smart hospital beds are a few factors restricting the smart hospital beds market growth.

Based on patient weight, the smart hospital beds market is segmented into 70 lb, 70 to 150 lb, 150 to 400 lb, 400 to 500 lb, and greater than 500 lb. The 400 to 500 lb segment held the largest market share in 2022, and the same segment is anticipated to register the highest CAGR during the forecast period. A 400-500lb weighted hospital bed is a modern nursing bed suitable for patients. Such weighted capacity beds are highly appropriate for recycling due to their adjustability features. For example, Span-America Medical Systems Inc.'s "The Advantage ReadyWide bed model" is an example of a weighted capacity bed. The ReadyWide Integrated Expansion and smart technology enabled the hospital bed to comprise advanced clinical and resident positioning. The product delivers an expanded Safe Working Load (SWL) of 650 lb with the influx of features of the Standard (500 lb SWL) model. Such innovative product features are expected to fuel the segment growth, thereby dominating the smart hospital bed market growth from 2022 to 2028.

A rise in the prevalence of chronic diseases such as diabetes, cancer, etc.; lifestyle diseases such as obesity; rapid growth of the geriatric population; longer hospital stay after necessary surgery procedure; technological advancements in smart hospital beds; and favorable reimbursement policies are a few factors expected to fuel the growth of the smart hospital beds market in the US.

In addition, patients suffering from chronic diseases such as diabetes, cancer, cardiovascular disease, immune deficiencies, multiple sclerosis, and rheumatoid arthritis need long-term monitoring and treatment. This leads to regular hospital visits, and in the condition of multiple chronic diseases, the patient is required to stay in the hospital for a longer period of time. Smart beds are expected to benefit patients and improve health systems by delivering research information on medical and health status, statistical analysis, and data collection. Collecting data on patients increases efficiency and accurate diagnostics for healthcare providers and medical professionals while paving the way to reduce the number of hospital readmissions. Smart beds can create a network of connected devices, mechanical and digital gear, or people with unique identifiers and the ability to send data rapidly.

Moreover, the rise in the prevalence of diabetes and cancer is likely to contribute to the growth of the market during the forecast period. For instance, the Centers for Disease Control and Prevention (CDC) 2019 National Diabetes Statistics Report stated that ~23 million people in the US had diabetes, of which type 1 diabetes accounted for approximately 5–10% or ~1.2–2.3 million people with type 2 diabetes, and ~14% or 3.2 million people manage their diabetes with insulin only. Diabetes is among the chronic diseases that lead to severe complications and other comorbidities resulting in long-hospital stays. Therefore, considering these parameters, the smart hospital beds market is likely to grow significantly in the coming years in the US.

To get free sample copy of the report, along with the TOC, Statistics, and Tables please visit @ https://www.theinsightpartners.com/sample/TIPRE00029868 Hill-Rom Holdings Inc, Stryker Corp; DewertOkin GmbH, Arjo AB; Medline Industries Inc, Invacare Corp, Paramount Bed Co Ltd, Zhangjiagang Braun Industry Co Ltd, GF Health Products Inc, and Enigma Care Ltd are a few of the key companies operating in the US and Europe smart hospital beds market. 

The report segments the smart hospital beds market as follows:

The US and Europe smart hospital beds market is segmented on the basis of patient weight, offering, application, and end user. Based on patient weight, the smart hospital beds market is segmented into 70 lb, 70 to 150 lb, 150 to 400 lb, 400 to 500 lb, and greater than 500 lb. The 400 to 500 lb segment held the largest market share in 2022 and it is anticipated to register the highest CAGR during the forecast period. Based on offering, the smart hospital beds market is segmented into product & accessories, software and solutions, and services. The products & accessories segment held the largest market share in 2022, and the services segment is anticipated to register the highest CAGR during the forecast period. By application, the smart hospital beds market is categorized into fall prevention, pressure injury prevention, patient deterioration & monitoring, and others. Fall prevention segment is expected to be the largest and fastest growing segment . Based on end user, the smart hospital beds market is segmented into hospitals, clinics & nursing homes, ambulatory surgical centers, medical laboratories, long term care centers, and others. Hospitals segment is largest market share holder and clinics & nursing homes are the fastest growing segment. Based on geography, the smart hospital beds market is bifurcated into the US and Europe (France, Germany, the UK, Italy, Spain, and Rest of Europe).

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