The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2024 and forecasted to 2033

According to The Business Research Company’s Automated Hospital Beds Global Market Report 2023, the automated hospital beds market is expected to show promising growth in the forecast period.

The automated hospital beds market has witnessed significant growth in recent years and is poised for further expansion. Key factors driving this growth include an aging population, an increase in home healthcare services, and advancements in medical technology.

Current Market Overview

• 2023 Market Size: The market reached $28.6 billion in 2023.
• 2024 Forecast: It is projected to grow to $30.9 billion by 2024, with a CAGR of 8%.
• Growth Drivers:
  • Aging population
  • Rise in home healthcare services
  • Increase in chronic disorders
  • Expansion of telemedicine
  • Increase in surgical procedures

View More On The Automated Hospital Beds Market Report 2024 – https://www.thebusinessresearchcompany.com/report/automated-hospital-beds-global-market-report

Future Market Projections

• 2028 Forecast: The market is expected to reach $42.34 billion by 2028.
• CAGR: The anticipated growth rate is 8.2% from 2024 to 2028.
• Key Growth Drivers:
  • Increasing accidents
  • Emphasis on patient-centric care
  • Growing geriatric population
  • Rising healthcare expenditure
  • Shift towards home healthcare

Impact of Rising Accidents on Market Growth

The increasing number of road accidents is a significant factor contributing to the growth of the automated hospital beds market.

• Accident Statistics: Road accidents are on the rise due to increased traffic, distracted driving, and poor infrastructure.
• Automated Bed Features:
  • Adjustable height for easier patient transfer
  • Automated positioning to prevent bedsores
  • Remote control for quick adjustments
• Industry Example: In May 2022, the NHTSA reported a 10.5% increase in traffic fatalities in 2021, highlighting the need for advanced patient care solutions in accident scenarios.

Advancements in ICU Beds: Innovating Patient Care

Major companies in the automated hospital beds market are focusing on developing next-generation ICU beds to meet the rising demand for advanced medical care.

• Next-Gen ICU Beds: These beds are designed to enhance patient outcomes and streamline care in critical settings.
• Example: Baxter International launched the Hillrom Progressa+ bed in May 2023, offering features like in-bed therapies, improved procedure access, and integrated lift systems for early mobility.
• Benefits:
  • Reduces immobility complications
  • Enhances patient recovery
  • Minimizes clinician injury risks

Strategic Acquisitions: Expanding Digital Health Solutions

Acquisitions in the market are further driving innovation and expansion.

• Baxter Acquires Hillrom: In December 2021, Baxter International acquired Hillrom for $12.5 billion.
• Impact: This acquisition expands Baxter’s digital health and connected care offerings across various healthcare settings.
• Hillrom’s Expertise: Specializes in hospital beds, mattresses, stretchers, and medical computer systems.

Market Segmentation Overview

The automated hospital beds market can be segmented based on type, technology, application, and end-user.

• By Type: Semi-Automatic Hospital Beds, Fully Automatic Hospital Beds
• By Technology: Basic Automated Hospital Beds, Smart Automated Hospital Beds
• By Application: Critical Care, Acute Care, Long Term Care
• By End User: Hospitals and Clinics, Reproductive Care Centers, Dentistry, Home Care, Other End-Users

Regional Insights

• North America: Dominated the market in 2023, driven by high healthcare expenditure and advanced medical infrastructure.

The automated hospital beds market is set to continue its growth trajectory, fueled by technological advancements, strategic acquisitions, and a growing demand for patient-centric care solutions.

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