Automated Hospital Bed Market: Current Analysis and Forecast (2021-2027)

The Automated Hospital Bed Market is expected to witness a CAGR of around 7% during the forecast period (2021-2027). Automated hospital beds are innovated for patients with critical conditions. Automated beds have features such as adjustable heights for the entire bed such as patients can control their own movements and make themselves more comfortable. Moreover, automated hospital beds are becoming more popular and expanding at a rapid rate owing to the increasing number of patients with chronic diseases such as cancer, diabetes, and paralysis cases, among others, requiring bed rest and a longer stay at healthcare facilities. These factors will drive the market growth during the forecast period.

Arjo AB, Hill-Rom Holings Inc. (Baxter International Inc.), Invacare Corporation, Stryker Corporation, PARAMOUNT BED HOLDINGS CO. LTD., Bakare Beds Ltd, Gendron Inc., Span-America Medical Systems Inc., Savion Industries Ltd., and LINET spol. s.r.o. are some of the key players in the market. Several M&As along with partnerships have been undertaken by these players to facilitate customers with the new and advanced automated hospital bed. For instance, in December 2021, the acquisition of Hillrom by Baxter International Inc. was finalized. The merger brings together two top medical technology companies with a common goal of revolutionizing healthcare and improving patient care throughout the world.

Insights Presented in the Report

"Amongst Type, the Semi-Automatic category accounted for the majority share in the market in 2020"

Based on type, the automated hospital bed market is segmented into fully automatic, and semi-automatic. The semi-automatic category is anticipated to witness a considerable growth rate during the forecast period owing to the rising prevalence of severe complications such as surgeries, paralysis, spinal cord injury, etc. For instance, according to the World health organization (WHO), Every year, around the world, between 250,000 and 500,000 people suffer a Spinal Cord Injury (SCI). These beds assist in intensive patient care treatments and play a critical role in monitoring and assisting patients and healthcare providers.

"Amongst End-User, the hospitals and clinics category is expected to witness the highest CAGR during the forecast period"

Based on end-user, the automated hospital bed market is categorized into hospitals & clinics, ambulatory surgery centers, home care settings, and others. In 2020, the hospitals & clinics category dominated the automated hospital bed market and is expected to grow significantly in the upcoming years. Moreover, the increasing construction of hospitals, the rising number of patients in ICU, the availability of skilled professionals in the hospitals, surge in the cases of cardiovascular disease, and cancer surgeries are the major factors for the growth of this category during the forecast period.

"North America to witness significant growth during the forecast period"

For a better understanding of the market, the report provides a detailed analysis of major regions and countries including North America (U.S., Canada, Rest of America); Europe (Germany, U.K., France, Spain, Italy, Rest of Europe); Asia-Pacific (China, India, Japan, Australia, Rest of Asia-Pacific) and Rest of World. In 2020, North America accounted for a significant market share. This is mainly due to the rising frequency and prevalence rate of chronic disorders that require longer hospital stays, as well as accidental instances, burn injuries, paralysis, and other bedridden illnesses. For instance, according to the Association for Safe International Road Travel (ASIRT), in the U.S., more than 37,000 people die in road accidents per year and around 2.35 million are injured or disabled.

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• Detailed examination of drivers, restraints, key trends, and opportunities prevailing in the industry.

• The study comprehensively covers the market across different segments.

• Deep dive regional level analysis of the industry.

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