Introduction
The global market for automated hospital beds is expected to grow at a CAGR of around 9% during the forecast period from 2022 to 2029. The rising demand for these beds from both developed and developing countries is expected to be the key driver for this market growth. The increasing number of hospitals and nursing homes are the prime factors driving the growth of this market.
The rising geriatric population and the associated increase in chronic diseases are other key factors propelling the market growth. Furthermore, the technological advancements in medical equipment and the growing preference for home care are among the other significant drivers boosting market demand. However, stringent government regulations regarding the safety of these devices are restraining market growth to some extent.
The full-electric hospital bed segment dominated the automated hospital beds market share in 2020 and is projected to grow at a CAGR of 9% during 2022–2029. On the basis of end users, hospitals held a larger share of the automated hospital beds market in 2019; however, nursing homes are likely to witness faster growth during 2022–2029 owing to factors such as an increase in the number of nursing homes globally and rising awareness about automated hospital beds among patients and their caregivers.
Market Analysis
The global automated hospital beds market is expected to grow at a considerable rate during the forecast period. The rising geriatric population and the growing demand for comfort and safety are the primary factors driving the growth of the market. Additionally, technological advancements in medical equipment are also expected to propel the growth of the market.
The report segments the global automated hospital beds market by product type, technology, end-user, and geography. On the basis of product type, the market is divided into ICU beds, nursing beds, bariatric beds, and others. By technology, it is categorized into manual and motorized. The end users covered in this study include hospitals, nursing homes, and home care settings.
Geographically, North America held a major share of the global automated hospital beds market in 2018 due to improved healthcare infrastructure and the presence of leading players in this region. However, Asia-Pacific is projected to be the fastest-growing region during the forecast period owing to factors such asrising healthcare expenditure and burgeoning middle-class population.
Some of the key players operating in this market include Stryker Corporation (U.S.), Getinge Group (Sweden), Invacare Corporation (U.S.), Midmark Corporation(U.S.), LINET spol s r o(Czech Republic), ArjoHuntleigh(Sweden), Hill-Rom Holdings Inc.(U.S.), Paramount Bed Co., Ltd.(Japan).
Market Drivers
1. Market Drivers
The global automated hospital beds market is driven by a number of factors, including the increasing prevalence of chronic diseases, the growing geriatric population, and the rising demand for home care. In addition, the development of new technologies and the availability of new automation features are expected to drive market growth in the coming years.
The increasing prevalence of chronic diseases is one of the key drivers of the automated hospital beds market. According to the World Health Organization, chronic diseases are responsible for approximately 60% of all deaths worldwide. These diseases are often associated with a sedentary lifestyle and an aging population. The growing prevalence of chronic diseases is expected to lead to an increase in the number of patients requiring long-term care, which will in turn drive demand for automated hospital beds.
The aging population is another important driver of market growth. The global population aged 60 years or older is projected to reach 2 billion by 2050. This demographic shift is expected to lead to an increase in the number of people suffering from age-related conditions, such as arthritis and dementia. The resulting increase in demand for long-term care is expected to fuel market growth over the forecast period.
The rising demand for home care is another important factor driving the market growth. Home care refers to health services that are provided in the patient's home environment rather than in a hospital or other institutional setting. Home care services are typically less expensive than traditional medical care and allow patients to receive treatment in familiar surroundings
Report Includes
An overview of the global Automated Hospital Beds market, and related technologies and developments. Analyses of global market trends, with historical data from 2018, 2019, and 2020 estimates and projections of CAGRs through 2029. It also includes breakdowns of the overall Automated Hospital Beds market along with various segments, and by geographic region. Analysis of the stakeholder value chain in the Automated Hospital Beds market and comprehensive profiles of leading companies in the industry
Report Scope
The report forecasts the size of the Automated Hospital Beds market for components from 2022 through 2029
The Executive Summary provides a snapshot of key findings of the report. The introduction chapter includes research scope, market segmentation, research methodology, and definitions and assumptions. It involves extreme rigorous scientific methods, tools and techniques to estimate the market size. Exhaustive secondary research is being carried out to collect information related to the market, the parent market, and the peer market. Primary research is undertaken to validate the assumptions, findings, and sizing with the industry experts professionals across the value chain of the market. Both top-down and bottom-up approaches are employed to estimate the complete market size.
The chapter on market dynamics includes market drivers, restraints, and opportunities which helps familiarise with market potential and upcoming opportunities. The chapter on key insights includes emerging trends from major countries, the latest technological advancement, regulatory landscape, SWOT analysis, and Porter five forces analysis. This chapter provides detailed insights into the market, which derives the market trends, changing phase of investments, scope of profit potential, and helps to take appropriate business decisions. The chapter on competitive analysis includes the profiling of leading companies in the global market to map the leading companies and their focus of interest in the market.
After deriving the market size from the market size estimation process, the total market has been split into several segments and sub-segments. To complete the overall market engineering process and arrive at the exact statistics for all segments and sub-segments, data triangulation and market breakdown procedures is being used. The data triangulation is carried out by studying various factors and trends from demand and supply perspectives.
Segmentation Analysis:
The global automated hospital beds market is segmented on the basis of product type, end-user, and geography.
Product Type:
The automated hospital beds market is segmented on the basis of product type into four major segments. The first segment includes semi-electric beds, which are operated manually for head and foot elevation and electrically for height adjustment. The second segment comprises full-electric beds, which can be adjusted electronically for both height and Trendelenburg/reverse Trendelenburg positions. Thirdly, there are low air loss beds that provide pressure relief to patients by circulating air through a mattress. Lastly, there are bariatric beds specially designed for obese patients with a weight capacity of more than 600 pounds.
End User:
On the basis of end-user, the automated hospital beds market is classified into three segments. The first segment includes hospitals & clinics, wherein these beds are used for patient care. The second segment comprises nursing homes & long-term care facilities, wherein these beds are used for long-term patient care. The third segment consists of homecare settings, wherein these beds are used by patients who require medical assistance at home.
Geography:
The automated hospital beds market is spanned across five continents namely North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. Out of these regions, North America has been leading the market due to the presence of established players in this region and rising demand from hospitals
Global Automated Hospital Beds market Competitive Analysis:
Key players in the Global Automated Hospital Beds market are ArjoHuntleigh, Gendron Inc, Hill-Rom Holdings, Invacare Corporation, and Linet spol. SRO, Medline Industries, Inc., Stryker Corporation, and Paramount Bed Holdings Co., Ltd. among other players.
*All our reports are customizable as per customer requirements
This study forecasts revenue and volume growth at global, regional, and country levels from 2018 to 2029. The Global Automated Hospital Beds market is distributed on the basis of the below-mentioned segments:
Global Automated Hospital Beds market, By Type:
The global market for automated hospital beds is expected to grow at a CAGR of around 9% during the forecast period from 2022 to 2029. The rising demand for these beds from both developed and developing countries is expected to be the key driver for this market growth. The increasing number of hospitals and nursing homes are the prime factors driving the growth of this market.
The rising geriatric population and the associated increase in chronic diseases are other key factors propelling the market growth. Furthermore, the technological advancements in medical equipment and the growing preference for home care are among the other significant drivers boosting market demand. However, stringent government regulations regarding the safety of these devices are restraining market growth to some extent.
The full-electric hospital bed segment dominated the automated hospital beds market share in 2020 and is projected to grow at a CAGR of 9% during 2022–2029. On the basis of end users, hospitals held a larger share of the automated hospital beds market in 2019; however, nursing homes are likely to witness faster growth during 2022–2029 owing to factors such as an increase in the number of nursing homes globally and rising awareness about automated hospital beds among patients and their caregivers.
Market Analysis
The global automated hospital beds market is expected to grow at a considerable rate during the forecast period. The rising geriatric population and the growing demand for comfort and safety are the primary factors driving the growth of the market. Additionally, technological advancements in medical equipment are also expected to propel the growth of the market.
The report segments the global automated hospital beds market by product type, technology, end-user, and geography. On the basis of product type, the market is divided into ICU beds, nursing beds, bariatric beds, and others. By technology, it is categorized into manual and motorized. The end users covered in this study include hospitals, nursing homes, and home care settings.
Geographically, North America held a major share of the global automated hospital beds market in 2018 due to improved healthcare infrastructure and the presence of leading players in this region. However, Asia-Pacific is projected to be the fastest-growing region during the forecast period owing to factors such asrising healthcare expenditure and burgeoning middle-class population.
Some of the key players operating in this market include Stryker Corporation (U.S.), Getinge Group (Sweden), Invacare Corporation (U.S.), Midmark Corporation(U.S.), LINET spol s r o(Czech Republic), ArjoHuntleigh(Sweden), Hill-Rom Holdings Inc.(U.S.), Paramount Bed Co., Ltd.(Japan).
Market Drivers
1. Market Drivers
The global automated hospital beds market is driven by a number of factors, including the increasing prevalence of chronic diseases, the growing geriatric population, and the rising demand for home care. In addition, the development of new technologies and the availability of new automation features are expected to drive market growth in the coming years.
The increasing prevalence of chronic diseases is one of the key drivers of the automated hospital beds market. According to the World Health Organization, chronic diseases are responsible for approximately 60% of all deaths worldwide. These diseases are often associated with a sedentary lifestyle and an aging population. The growing prevalence of chronic diseases is expected to lead to an increase in the number of patients requiring long-term care, which will in turn drive demand for automated hospital beds.
The aging population is another important driver of market growth. The global population aged 60 years or older is projected to reach 2 billion by 2050. This demographic shift is expected to lead to an increase in the number of people suffering from age-related conditions, such as arthritis and dementia. The resulting increase in demand for long-term care is expected to fuel market growth over the forecast period.
The rising demand for home care is another important factor driving the market growth. Home care refers to health services that are provided in the patient's home environment rather than in a hospital or other institutional setting. Home care services are typically less expensive than traditional medical care and allow patients to receive treatment in familiar surroundings
Report Includes
An overview of the global Automated Hospital Beds market, and related technologies and developments. Analyses of global market trends, with historical data from 2018, 2019, and 2020 estimates and projections of CAGRs through 2029. It also includes breakdowns of the overall Automated Hospital Beds market along with various segments, and by geographic region. Analysis of the stakeholder value chain in the Automated Hospital Beds market and comprehensive profiles of leading companies in the industry
Report Scope
The report forecasts the size of the Automated Hospital Beds market for components from 2022 through 2029
The Executive Summary provides a snapshot of key findings of the report. The introduction chapter includes research scope, market segmentation, research methodology, and definitions and assumptions. It involves extreme rigorous scientific methods, tools and techniques to estimate the market size. Exhaustive secondary research is being carried out to collect information related to the market, the parent market, and the peer market. Primary research is undertaken to validate the assumptions, findings, and sizing with the industry experts professionals across the value chain of the market. Both top-down and bottom-up approaches are employed to estimate the complete market size.
The chapter on market dynamics includes market drivers, restraints, and opportunities which helps familiarise with market potential and upcoming opportunities. The chapter on key insights includes emerging trends from major countries, the latest technological advancement, regulatory landscape, SWOT analysis, and Porter five forces analysis. This chapter provides detailed insights into the market, which derives the market trends, changing phase of investments, scope of profit potential, and helps to take appropriate business decisions. The chapter on competitive analysis includes the profiling of leading companies in the global market to map the leading companies and their focus of interest in the market.
After deriving the market size from the market size estimation process, the total market has been split into several segments and sub-segments. To complete the overall market engineering process and arrive at the exact statistics for all segments and sub-segments, data triangulation and market breakdown procedures is being used. The data triangulation is carried out by studying various factors and trends from demand and supply perspectives.
Segmentation Analysis:
The global automated hospital beds market is segmented on the basis of product type, end-user, and geography.
Product Type:
The automated hospital beds market is segmented on the basis of product type into four major segments. The first segment includes semi-electric beds, which are operated manually for head and foot elevation and electrically for height adjustment. The second segment comprises full-electric beds, which can be adjusted electronically for both height and Trendelenburg/reverse Trendelenburg positions. Thirdly, there are low air loss beds that provide pressure relief to patients by circulating air through a mattress. Lastly, there are bariatric beds specially designed for obese patients with a weight capacity of more than 600 pounds.
End User:
On the basis of end-user, the automated hospital beds market is classified into three segments. The first segment includes hospitals & clinics, wherein these beds are used for patient care. The second segment comprises nursing homes & long-term care facilities, wherein these beds are used for long-term patient care. The third segment consists of homecare settings, wherein these beds are used by patients who require medical assistance at home.
Geography:
The automated hospital beds market is spanned across five continents namely North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. Out of these regions, North America has been leading the market due to the presence of established players in this region and rising demand from hospitals
Global Automated Hospital Beds market Competitive Analysis:
Key players in the Global Automated Hospital Beds market are ArjoHuntleigh, Gendron Inc, Hill-Rom Holdings, Invacare Corporation, and Linet spol. SRO, Medline Industries, Inc., Stryker Corporation, and Paramount Bed Holdings Co., Ltd. among other players.
*All our reports are customizable as per customer requirements
This study forecasts revenue and volume growth at global, regional, and country levels from 2018 to 2029. The Global Automated Hospital Beds market is distributed on the basis of the below-mentioned segments:
Global Automated Hospital Beds market, By Type:
- Semi-Automatic Automated Hospital Beds
- Fully Automatic Automated Hospital Beds
- Others
- Hospitals & Clinics
- Other
- North America
- US
- Canada
- Europe
- UK
- Germany
- France
- Italy
- Spain
- Rest of Europe
- Asia-Pacific
- Japan
- China
- India
- Australia
- South Korea
- Rest of Asia-Pacific
- South America
- Brazil
- Argentina
- Rest of South America
- Middle East and Africa
- GCC
- South Africa
- Rest of Middle East and Africa
Automated Hospital Beds MARKET STUDY GLOBAL MARKET ANALYSIS, INSIGHTS AND FORECAST, 2020-2027
1. Introduction
- 1.1. Research Scope
- 1.2. Market Segmentation
- 1.3. Research Methodology
- 1.4. Definitions and Assumptions
2. Executive Summary
3. Market Dynamics
- 3.1. Market Drivers
- 3.2. Market Restraints
- 3.3. Market Opportunities
4. Key Insights
- 4.1. Key Emerging Trends – For Major Countries
- 4.2. Latest Technological Advancement
- 4.3. Regulatory Landscape
- 4.4. Industry SWOT Analysis
- 4.5. Porters Five Forces Analysis
5. Global Automated Hospital Beds Market Analysis (USD Billion), Insights and Forecast, 2016-2027
- 5.1. Key Findings / Summary
- 5.2. Market Analysis, Insights and Forecast – By Segment 1
- 5.2.1. Sub-Segment 1
- 5.2.2. Sub-Segment 2
- 5.3. Market Analysis, Insights and Forecast – By Segment 2
- 5.3.1. Sub-Segment 1
- 5.3.2. Sub-Segment 2
- 5.3.3. Sub-Segment 3
- 5.3.4. Others
- 5.4. Market Analysis, Insights and Forecast – By Segment 3
- 5.4.1. Sub-Segment 1
- 5.4.2. Sub-Segment 2
- 5.4.3. Sub-Segment 3
- 5.4.4. Others
- 5.5. Market Analysis, Insights and Forecast – By Region
- 5.5.1. North America
- 5.5.2. Latin America
- 5.5.3. Europe
- 5.5.4. Asia Pacific
- 5.5.5. Middle East and Africa
6. North America Automated Hospital Beds Market Analysis (USD Billion), Insights and Forecast, 2016-2027
- 6.1. Key Findings / Summary
- 6.2. Market Analysis, Insights and Forecast – By Segment 1
- 6.2.1. Sub-Segment 1
- 6.2.2. Sub-Segment 2
- 6.3. Market Analysis, Insights and Forecast – By Segment 2
- 6.3.1. Sub-Segment 1
- 6.3.2. Sub-Segment 2
- 6.3.3. Sub-Segment 3
- 6.3.4. Others
- 6.4. Market Analysis, Insights and Forecast – By Segment 3
- 6.4.1. Sub-Segment 1
- 6.4.2. Sub-Segment 2
- 6.4.3. Sub-Segment 3
- 6.4.4. Others
- 6.5. Market Analysis, Insights and Forecast – By Country
- 6.5.1. U.S.
- 6.5.2. Canada
7. Latin America Automated Hospital Beds Market Analysis (USD Billion), Insights and Forecast, 2016-2027
- 7.1. Key Findings / Summary
- 7.2. Market Analysis, Insights and Forecast – By Segment 1
- 7.2.1. Sub-Segment 1
- 7.2.2. Sub-Segment 2
- 7.3. Market Analysis, Insights and Forecast – By Segment 2
- 7.3.1. Sub-Segment 1
- 7.3.2. Sub-Segment 2
- 7.3.3. Sub-Segment 3
- 7.3.4. Others
- 7.4. Market Analysis, Insights and Forecast – By Segment 3
- 7.4.1. Sub-Segment 1
- 7.4.2. Sub-Segment 2
- 7.4.3. Sub-Segment 3
- 7.4.4. Others
- 7.5. Insights and Forecast – By Country
- 7.5.1. Brazil
- 7.5.2. Mexico
- 7.5.3. Rest of Latin America
8. Europe Automated Hospital Beds Market Analysis (USD Billion), Insights and Forecast, 2016-2027
- 8.1. Key Findings / Summary
- 8.2. Market Analysis, Insights and Forecast – By Segment 1
- 8.2.1. Sub-Segment 1
- 8.2.2. Sub-Segment 2
- 8.3. Market Analysis, Insights and Forecast – By Segment 2
- 8.3.1. Sub-Segment 1
- 8.3.2. Sub-Segment 2
- 8.3.3. Sub-Segment 3
- 8.3.4. Others
- 8.4. Market Analysis, Insights and Forecast – By Segment 3
- 8.4.1. Sub-Segment 1
- 8.4.2. Sub-Segment 2
- 8.4.3. Sub-Segment 3
- 8.4.4. Others
- 8.5. Market Analysis, Insights and Forecast – By Country
- 8.5.1. UK
- 8.5.2. Germany
- 8.5.3. France
- 8.5.4. Italy
- 8.5.5. Spain
- 8.5.6. Russia
- 8.5.7. Rest of Europe
9. Asia Pacific Automated Hospital Beds Market Analysis (USD Billion), Insights and Forecast, 2016-2027
- 9.1. Key Findings / Summary
- 9.2. Market Analysis, Insights and Forecast – By Segment 1
- 9.2.1. Sub-Segment 1
- 9.2.2. Sub-Segment 2
- 9.3. Market Analysis, Insights and Forecast – By Segment 2
- 9.3.1. Sub-Segment 1
- 9.3.2. Sub-Segment 2
- 9.3.3. Sub-Segment 3
- 9.3.4. Others
- 9.4. Market Analysis, Insights and Forecast – By Segment 3
- 9.4.1. Sub-Segment 1
- 9.4.2. Sub-Segment 2
- 9.4.3. Sub-Segment 3
- 9.4.4. Others
- 9.5. Market Analysis, Insights and Forecast – By Country
- 9.5.1. China
- 9.5.2. India
- 9.5.3. Japan
- 9.5.4. Australia
- 9.5.5. South East Asia
- 9.5.6. Rest of Asia Pacific
10. Middle East & Africa Automated Hospital Beds Market Analysis (USD Billion), Insights and Forecast, 2016-2027
- 10.1. Key Findings / Summary
- 10.2. Market Analysis, Insights and Forecast – By Segment 1
- 10.2.1. Sub-Segment 1
- 10.2.2. Sub-Segment 2
- 10.3. Market Analysis, Insights and Forecast – By Segment 2
- 10.3.1. Sub-Segment 1
- 10.3.2. Sub-Segment 2
- 10.3.3. Sub-Segment 3
- 10.3.4. Others
- 10.4. Market Analysis, Insights and Forecast – By Segment 3
- 10.4.1. Sub-Segment 1
- 10.4.2. Sub-Segment 2
- 10.4.3. Sub-Segment 3
- 10.4.4. Others
- 10.5. Market Analysis, Insights and Forecast – By Country
- 10.5.1. GCC
- 10.5.2. South Africa
- 10.5.3. Rest of Middle East & Africa
11. Competitive Analysis
- 11.1. Company Market Share Analysis, 2018
- 11.2. Key Industry Developments
- 11.3. Company Profile
- 11.3.1. Company 1
- 11.3.1.1. Business Overview
- 11.3.1.2. Segment 1 & Service Offering
- 11.3.1.3. Overall Revenue
- 11.3.1.4. Geographic Presence
- 11.3.1.5. Recent Development
- 11.3.2. Company 2
- 11.3.3. Company 3
- 11.3.4. Company 4
- 11.3.5. Company 5
- 11.3.6. Company 6
- 11.3.7. Company 7
- 11.3.8. Company 8
- 11.3.9. Company 9
- 11.3.10. Company 10
- 11.3.11. Company 11
- 11.3.12. Company 12
- 11.3.1. Company 1
Research Process
Data Library Research are conducted by industry experts who offer insight on industry structure, market segmentations technology assessment and competitive landscape (CL), and penetration, as well as on emerging trends. Their analysis is based on primary interviews (~ 80%) and secondary research (~ 20%) as well as years of professional expertise in their respective industries. Adding to this, by analysing historical trends and current market positions, our analysts predict where the market will be headed for the next five years. Furthermore, the varying trends of segment & categories geographically presented are also studied and the estimated based on the primary & secondary research.
In this particular report from the supply side Data Library Research has conducted primary surveys (interviews) with the key level executives (VP, CEO’s, Marketing Director, Business Development Manager and SOFT) of the companies that active & prominent as well as the midsized organization
FIGURE 1: DLR RESEARH PROCESS
Extensive primary research was conducted to gain a deeper insight of the market and industry performance. The analysis is based on both primary and secondary research as well as years of professional expertise in the respective industries.
In addition to analysing current and historical trends, our analysts predict where the market is headed over the next five years.
It varies by segment for these categories geographically presented in the list of market tables. Speaking about this particular report we have conducted primary surveys (interviews) with the key level executives (VP, CEO’s, Marketing Director, Business Development Manager and many more) of the major players active in the market.
Secondary ResearchSecondary research was mainly used to collect and identify information useful for the extensive, technical, market-oriented, and Friend’s study of the Global Extra Neutral Alcohol. It was also used to obtain key information about major players, market classification and segmentation according to the industry trends, geographical markets, and developments related to the market and technology perspectives. For this study, analysts have gathered information from various credible sources, such as annual reports, sec filings, journals, white papers, SOFT presentations, and company web sites.
Market Size EstimationBoth, top-down and bottom-up approaches were used to estimate and validate the size of the Global market and to estimate the size of various other dependent submarkets in the overall Extra Neutral Alcohol. The key players in the market were identified through secondary research and their market contributions in the respective geographies were determined through primary and secondary research.
Forecast Model
