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North America and Europe Smart Hospital Beds Market is expected to reach US$ 952.89 million by 2028

North America and Europe Smart Hospital Beds Market is growing at a CAGR of 13.4% to reach US$ 952.89 million by 2028 from US$ 447.55 million in 2022 by Patient Weight, Offering, Application, and End User.

By The Insight Partners

Fall Prevention Segment, by Application, to Dominate North America and Europe Smart Hospital Beds Market During 2022–2028

According to our new research study on "North America 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$ 447.55 million in 2022 to US$ 952.89 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, the 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 market growth.

Based on application, the smart hospital beds market is segmented into fall prevention, pressure injury prevention, patient deterioration and monitoring, and others. The fall prevention segment held the largest market share in 2022, and the others segment is anticipated to register the highest CAGR during the forecast period. Patient fall prevention in hospitals is an important pillar of a patient safety plan. Also, patient falls are among the leading cause of morbidity and mortality in hospitals and healthcare systems, accounting for at least 30% of occurrences resulting in severe injuries to the patient. The CareView company article reveals that hospital falls have increased costs by about US$14,000 per patient stay on average. Also, the average fall costs about US$8,000 in diagnostic testing. Therefore, companies are designing smart hospital beds with five main features: low height beds, bed-exit detection systems, bed event data and history logs, staff communication, and a clear view of surroundings. The Centrella smart beds incorporated at the University Hospital involve technology to reinforce patient safety measures and make it convenient for nurses. The new smart bed offers a host of safety features, such as a motion-activated night light, and is connected to the hospital's call system for alerts to be intimate directly in the nurse's smartphone. Technological advancement and innovative smart hospital bed designs ultimately influence segmental growth, dominating the market growth during 2022-2028.

Smart Hospital Beds Market, by Geography, 2022 (%)

To get free sample copy of the report, along with the TOC, Statistics, and Tables please visit @ https://www.theinsightpartners.com/brochure/TIPRE00029866

Source: The Insight Partners Analysis

Canada is the fastest-growing country in North America

Canada is among the leading North American countries with well-developed healthcare systems. The healthcare infrastructure is equipped with hi-tech instruments and services that provide better healthcare services. Also, the government consistently looks forwards to upgrading its healthcare infrastructure to enhance its services to result in efficient and effective treatments. The upgradation of healthcare infrastructure creates an opportunity for the growth of the smart hospital beds market.

In addition, the country is experiencing a rise in the incidences of chronic diseases; therefore, the number of hospitalization are growing across the country. For instance, according to a report from the Canadian Cancer Society (CCS) published in November 2022, the number of people living with cancer is growing significantly and has grown by over 1.5 million from 1 million in 2012. Similarly, as per the Canadian Chronic Disease Surveillance System (CCDSS), data for 2017-2018 published in July 2022 shows 1 in 12 adults of age 20 years above is diagnosed with heart disease. Thus, people with chronic diseases require special care and services; therefore, the demand for smart hospital beds in hospitals and homecare settings is growing and is anticipated to drive the market's growth during the forecast years. 

Moreover, hospitals are adopting the concept of smart hospitals, leading to installing smart hospital beds. For instance, in May 2019, Mackenzie Health signed an agreement with Hill-Rom to deliver smart hospital beds to its hospitals in Richmond Hill. By late 2020, Hill Rom was expected to deliver Centrella, a digitally enhanced patient bed with smart technology, to Mackenzie Vaughan Hospital. Thus, the installation of smart hospital beds in a hospital will encourage more installations across the country, leading to significant market growth. 

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 smart hospital beds market.

The report segments the smart hospital beds market as follows:

Based on patient type, 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. The market for smart hospital beds based on offering is segmented into product and accessories, software and solutions, and services. The products & accessories segment held the largest market share in 2022, and services segment is anticipated to register the highest CAGR during the forecast period. By application, the smart hospital beds market is bifurcated into fall prevention, pressure injury prevention, patient deterioration and monitoring, and others. The smart hospital beds market, by end user, is segmented into hospitals, clinics, and nursing homes, ambulatory surgical centers, medical laboratories, long term care centers, and others. Based on geography, the smart hospital beds market is bifurcated into the North America and Europe (France, Germany, UK, Italy, Spain, and Rest of Europe).

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