The Global Smart ICU Beds & Heads Market is estimated to exhibit a CAGR of 5.05% during the forecast period.
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Smart ICU Beds & Heads are equipped with LCD monitors that may be used to examine patients’ activity and send the results immediately to the doctor via a display that is mounted on the bed, including pressure, blood flow patterns, spinal movement during lying time, sleeping activities, and others. The prior drivers of the market’s expansion are an increase in surgical operations, a growing geriatric population, and the prevalence of chronic diseases, including diabetes, asthma, blood pressure, and others, which are spreading quickly. In addition, accelerating technological developments in the provision of intelligent, Bluetooth-based, patient-friendly ICU beds, as well as a surge in public and private sector investments in healthcare infrastructure, particularly in the wake of the COVID-19 outbreak, are anticipated to propel market growth over the course of the forecast period. Other factors that contribute to the market’s expansion include the introduction of modern, well-equipped hospital infrastructure, the adoption of favourable reimbursement practices in industrialized nations, and an increase in product launches.
List of Prominent Players in the Smart ICU Beds & Heads Market:
Hopeful Medical Equipment Co., Ltd,
Hill-Rom Holdings Inc.,
Paramount Bed Co Ltd,
Eldon Enterprises Inc.,
Wanma Electron Medical Co. Ltd.,
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The rising per capita income in developed countries, rising healthcare spending, shifting patient tastes, and greater demand for cutting-edge medical facilities all imply that the global Smart ICU Beds & Heads market will expand quickly over the forecast period. Smart ICU Beds & Heads industry is being driven by the increase in healthcare spending, changes in consumer expectations, and a surge in demand for better healthcare facilities. Additionally, a rise in the prevalence of cardiovascular diseases is anticipated to spur demand for smart hospital beds and accelerate market expansion. As cardiovascular issues become more common, demand for smart ICU beds increases as they include integrated cardiac monitoring sensors and devices that sound an alarm if the patient experiences a heart attack. The market is anticipated to advance during the projection period due to rising patient demand for improved healthcare efficiency, technological advancements, and higher spending on healthcare infrastructure.
High prices and a lack of supply of smart hospital beds are predicted to hinder the market growth for these beds globally. It is anticipated that certain technological limitations, such as extended test times and reliance on operator skill and experience, may impede industry growth. In addition, a shortage of reliable data and concerns about data privacy are projected to present obstacles for the smart hospital market over the forecast period. The low demand for smart ICU bed heads and ICU beds in developing nations is anticipated to impede market expansion over the forecast period.
North America has a dominant market for Smart ICU Beds & Heads due to the presence of large competitors and the region’s high healthcare spending in comparison to the other areas. The majority of North America’s market share is mainly related to the usage of electronic beds and heads in nursing homes and hospitals, the growth of smart homes across Canada and Mexico, and the increase in chronic disease instances among geriatric patients. The market for Smart ICU Beds & Heads is expected to develop as a result of increased demand for smart beds due to an increase in the prevalence of cardiovascular illnesses in the region. The need for smart beds is growing throughout the healthcare industry as a result of increased patient demands for comfort in hospitals, rising healthcare costs, and emerging technology breakthroughs.
- In September 2021, Baxter International Inc., and Hillrom, jointly announced that they had signed a legally binding agreement under which Baxter would buy Hillrom for USD 156 per share in cash, representing an estimated USD 10.5 billion in total equity value and a potential USD 12.4 billion in total enterprise value, including the assumption of debt.
- In October 2020, Stryker introduced the ProCuity smart bed, a completely wireless hospital bed with many smart patient monitoring capabilities. Stryker’s Secure Connect technology, which offers a wireless connection to nurse call systems, has been incorporated into ProCuity. The nurse call system aids in streaming hospital information systems with parameters including bed layout, exit alarms, side rail position, and movement (HIS). This makes it more manageable to hold track of all significant readings and track changes.
Segmentation of Smart ICU Beds & Heads Market-
By Product Type
- Smart Bed Heads
- Mechatronic ICU Beds
By Patient Type
- Pediatric & Neonatal
- Hospital ICU Setup
- Homecare ICU Setup
- Nursing Home ICU Setup
- The US
- The UK
- Rest of Europe
- South Korea
- Southeast Asia
- Rest of Asia Pacific
- Rest of Latin America
Middle East & Africa-
- GCC Countries
- South Africa
- Rest of Middle East and Africa
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