Automated Hospital Bed Market - Industry Size, Share, Growth & Forecast 2027 | UnivDatos

 

The Automated Hospital Bed Market is expected to witness a CAGR of around 5% during the forecast period. An automated hospital bed is specially innovated for hospitalized patients who require some health care services. Automated beds are adjustable heights for the entire bed such as patients can control their own movements and make themselves more comfortable. Moreover, the market for automated hospital beds is growing at a rapid rate owing to advances and breakthroughs in medical device technology coupled with expanding patient pool around the world due to a rising geriatric population, paralysis cases, and growing prevalence of chronic diseases such as cancer and diabetes. For instance, according to the United Nations, the 60+ aged population was 962 million in 2017 which is more than twice what it was in 1980 at 382 million. The number of the elderly population is expected to double again by 2050 and reach nearly 2.1 billion worldwide.

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COVID-19 is a global pandemic that has accelerated the demand for automated hospital beds for aged people and patients with critical conditions. As the coronavirus cases increase, many countries face a critical shortage of beds in the hospitals. In addition, In the healthcare industry, the pandemic directly disturbed the manufacturing, demand, and supply chain worldwide. However, as governments across increase spending on healthcare infrastructure to fight the COVID-19 pandemic, the demand for automated hospital beds rose substantially in the last two quarters of 2020 and is further expected to steady growth during the forecast period.

According to UnivDatos Market Insights (UMI)’ research report “Automated Hospital Bed Market”, the market is expected to witness a CAGR growth of around 5% during the forecast period 2021-2027F. This is mainly due to the rising innovations and advancements in medical device technology coupled with the rising patient pool suffering from chronic diseases such as cancer, diabetes, and CVDs, among others.

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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. This is mainly due to the rising prevalence and admission of patients suffering from chronic diseases such as cancer, CVDs, and diabetes, globally. For instance, according to the World Health Organization (WHO) in 2018, around 2.09 million cases of lung cancer, 2.09 million cases of breast cancer, and 1.80 million cases of colorectal cancer were reported globally. Therefore, such factors drive the market growth of automatic beds in hospitals and clinics. 

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 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. For instance, according to the American Heart Association, nearly half of adults in the U.S. have some type of CVD. By 2035, it is projected that more than 135 million adults or 45.1% of the U.S. population are projected to have some form of CVD.

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North America to witness extensive growth

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. Furthermore, 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. 

According to UnivDatos Market Insights (UMI)’, the key players with a considerable market share in the automated hospital bed market are Arjo AB, Hill-Rom Holings 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.

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“Automated Hospital Bed Market” provides comprehensive qualitative and quantitative insights on the industry potential, key factors impacting sales and purchase decisions, hotspots, and opportunities available for the market players. Moreover, the report also encompasses the key strategic imperatives for success for competitors along with strategic factorial indexing measuring competitors’ capabilities on different parameters. This will help companies in the formulation of go-to-market strategies and identifying the blue ocean for its offerings.       

Market Segmentation:

1.     By Type (Fully Automatic, Semi-Automatic)

2.     By End-User (Hospitals & Clinics, Ambulatory Surgery Centers, Homecare settings, and Others)

3.     By Company (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.)

Key questions answered in the study:

1.     What are the current and future trends of the automated hospital bed market industry?

2.     How the industry has been evolving in terms of technology and application?

3.     How the competition has been shaping across the countries followed by their comparative factorial indexing?

4.     What are the key growth drivers and challenges for the automated hospital bed market industry?

5.     What is the customer orientation, purchase behavior, and expectations from the automated hospital bed market suppliers across various region and countries?

Table of Content –

1 MARKET INTRODUCTION

2 RESEARCH METHODOLOGY OR ASSUMPTION

3 MARKET SYNOPSIS

4 EXECUTIVE SUMMARY

5 AUTOMATED HOSPITAL BED MARKET COVID-19 IMPACT

6 AUTOMATED HOSPITAL BED MARKET REVENUE, 2019-2027F

7 MARKET INSIGHTS BY TYPE

8 MARKET INSIGHTS BY END-USER

9 MARKET INSIGHTS BY REGION

10 AUTOMATED HOSPITAL BED MARKET DYNAMICS

11 AUTOMATED HOSPITAL BED MARKET OPPORTUNITIES

12 AUTOMATED HOSPITAL BED MARKET TRENDS

13 LEGAL & REGULATORY FRAMEWORK

14 DEMAND AND SUPPLY-SIDE ANALYSIS

15 VALUE CHAIN ANALYSIS

16 COMPETITIVE SCENARIO

17 COMPANY PROFILED

18 DISCLAIMER

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