The products and solutions offered by dominant players in the global smart hospital beds market are used in various healthcare facilities, including outpatient clinics, medical laboratory and research, hospitals, and medical nursing homes, among others. These smart and next-gen hospital beds can be linked to electronic health records as well as electronic medical records. This allows nursing staff and medical practitioners in reviewing the patient’s medical history and determine the best course of action. Furthermore, advanced products in the global smart hospital beds market can also offer vital information pertaining to patient's stats, including their heartbeats, blood and oxygen levels, medication history, and body temperature. Apart from this, these products in the global smart hospital beds market can also be used to display information regarding patient’s allergies, status of immunization, and records of laboratory and diagnostic testing. This all helps medical professionals in offering enhanced patient care.
Rising prevalence of various chronic diseases, as well as the increasing adoption of various life-saving surgical procedures is resulting in an increase in hospitalization. This trend is positively affecting growth within the global smart hospital beds market. Furthermore, outbreak of novel coronavirus also resulted in an increasing demand for hospitalization, which led to a growing demand in the global smart hospital beds market. The products in the global smart hospital beds market facilitate enhanced patient care, which drives their adoption in several developed, as well as developing economies. Furthermore, increase in the hospital stays, in terms of both – the duration, as well as frequency, is boosting demand in the global smart hospital beds market. Apart from this, rising demand for effective treatment, preventive care, as well as surgical treatments is also bolstering market growth.
Some of the most prominent players and companies functional in the global smart hospital beds market include Hill-Rom Holdings Inc., Paramount Bed Holdings, Co., Ltd., Joerns Healthcare LLC, Arjo, Favero Health Projects SpA, Stryker Corporation, Invacare Corporation, LINET, Stiegelmeyer GmbH & Co KG, and Volker GmbH, among others. The presence of several large sized and well-trenched organizations makes the commercial landscape of the global smart hospital beds market extremely competitive in nature. Players working in this market are constantly focused on product innovation through research and development. Furthermore, several leading players and manufacturers working in the global smart hospital beds market are also focused on strengthening and expanding their distribution networks across the globe in a bid to attract more and more customers.
North America led the global smart hospital beds market in terms of revenue in the recent past. Some of the key drivers behind the leading positioning of the North America smart hospital beds market include rising demand for these technologically advanced products from the long-term, as well as acute care facilities in the region, as well as increasing demand for continuous monitoring of patients’ health in a non-invasive manner. Furthermore, presence of a large number of leading players in the region, as well as early adoption of technologically advanced medical technologies and equipment by regional healthcare facilities and medical practitioners is also boosting development of the North America global hospital beds market.
After North America, Europe is anticipated to record promising growth in the global smart hospital beds market over the next few years. Some of the key drivers behind growth of this regional market include rising demand for enhanced patient care from elderly population from the region, as well as rising need for technologically advanced medical equipment and solutions, furthermore, shift of healthcare facilities in the region from conventional and facility-centric models to flexible and innovative models is also creating worthwhile incremental opportunities in the global smart hospital beds market.