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Global Smart ICU Beds & Heads Market

Smart ICU Beds & Heads Market Size, Share & Trends Analysis Report By Product Type (Smart Bed Heads, Mechatronic ICU Beds), By Patient Type (Pediatric & Neonatal, Bariatric, Geriatric, Psychiatric, and Others), By Type, Region And Segment Forecasts, 2023-2031.

Report ID : 1324 | Published : 2023-07-19 | Pages: 185 | Format: PDF/EXCEL

The Smart ICU Beds & Heads Market is expected to grow at a 5.5 % CAGR during the forecast period for 2023-2031.

Smart ICU Beds & Heads Market

Smart beds are networked to give a variety of medical data, including personal data such as weight, body temperature, pulse, blood pressure, oxygen saturation, and other vital signs, medication, laboratory test results, allergies, and vaccination status. The increased need for state-of-the-art medical facilities, rising healthcare spending, changing patient preferences, and increasing per capita income in developed nations all support predictions that the global market for smart ICU beds & heads will proliferate throughout the projected period. The frequency and length of hospital visits have increased as the incidence of chronic illnesses and the number of life-saving treatments have increased. Additionally, the COVID-19 outbreak has increased the need for smart beds in hospitals worldwide. Governments from all around the world are investing more money in creating and deploying ambulatory facilities. This has led to improved accessibility and lower treatment costs, which will eventually help the industry thrive. The rising introduction of modern, well-equipped hospital infrastructure, the adoption of advantageous reimbursement procedures in industrialized countries, and an increase in product launches are all factors that contribute to the market's expansion.

It's projected that some technology constraints, like prolonged test times and reliance on operator expertise and experience, may restrict industry expansion. The global market for these beds is expected to have slow growth due to high costs and a dearth of supply. Over the projection period, market growth is anticipated to be constrained by the low demand for smart ICU bed heads and ICU beds in developing countries. For the projection period, it is also anticipated that a lack of reliable data and worries about data privacy would challenge the market for smart hospitals.

Market Segmentation:

The Smart ICU Beds & Heads Market is segmented on the basis of Product Type, Patient Type, and Type. Based on Product Type, the market is segmented as Smart Bed Heads and Mechatronic ICU Beds. Based on Patient Type, the market is segmented as Pediatric & Neonatal, Bariatric, Geriatric, Psychiatric, and Others. Based on Type, the market is segmented as Hospital ICU Setup, Homecare ICU Setup, and Nursing Home ICU Setup.

Based On Product Type, The Mechatronic ICU Beds Segment Is Accounted As A Major Contributor In The Smart ICU Beds & Heads Market.

The mechatronic ICU beds segment is anticipated to hold the highest market during the projection period due to the unified patient care, aid, and surveillance solutions provided by this segment and the growing demand for them. Patients susceptible to asthma or respiratory problems can benefit from the reverberation and vibration aspects of our mechatronic ICU beds. As a result, the market should be expanding fast, given the increase in the incidence of asthma and other lung illnesses. By incorporating mechanical, electronic, informatics, and cognitive control systems, the mechatronic bed design is probably the most thorough method for thinking about concurrent design tasks. The design phase makes extensive use of computer-aided tools, which is crucial to the advancement of modern optimization methods and the reduction of prototype costs.

Based On Type, The Hospital ICU Setup Segment Is Accounted As A Major Contributor In The Smart ICU Beds & Heads Market.

The hospital ICU setup will hold the most significant market share during the projected period. For severely sick patients with possibly treatable life-threatening diseases, intensive care is the highest level of patient care and therapy. With their practical benefits, mechanical ICU beds and beds are a part of a cycle of technological advancement that is spreading throughout hospital corridors. These benefits include improved medical care team collaboration, improved patient safety and care, and increased operational effectiveness. Hospitals are incorporating cutting-edge technologies and medical equipment, making the health sector one of the areas that has benefited much more from ongoing advancements. The adoption of mechatronic ICU beds and heads by hospitals and rising patient admission are predicted to make this segment the largest.

The North America Smart ICU Beds & Heads Market Holds A Significant Revenue Share In The Region.

North America dominates the Smart ICU Beds & Heads market due to the huge number of competitors and the region's higher healthcare spending than other areas. The rising demand for smart beds is due to an increase in the prevalence of cardiovascular diseases in the area, and the market for Smart ICU Beds & Heads is anticipated to grow. The use of electronic beds and heads in nursing homes and hospitals, the expansion of smart homes across Canada and Mexico, and the rise in chronic disease cases among elderly patients account for the majority of North America's market share. Increasing patient demands for comfort in hospitals, rising healthcare expenditures, and cutting-edge technological advancements are all contributing to a growth in the demand for smart beds across the healthcare sector.

Competitive Landscape

Some of The Key Players in the Smart ICU Beds & Heads Market:

  • Hopeful Medical Equipment Co., Ltd
  • Hill-Rom Holdings Inc.
  • Stryker Corporation,
  • Paramount Bed Co Ltd
  • AKFA Holdings
  • TENTE International
  • Eldon Enterprises Inc.
  • Wanma Electron Medical Co. Ltd.
  • Getinge Group
  • Invacare Corporation
  • Other Prominent Players

The Smart ICU Beds & Heads Market Report Scope

Report Attribute

Specifications

Growth Rate CAGR

CAGR of 5.5 % from 2023 to 2031

Quantitative Units

Representation of revenue in US$ Million and CAGR from 2023 to 2031

Historic Year

2019 to 2022

Forecast Year

2023-2031

Report Coverage

The forecast of revenue, the position of the company, the competitive market structure, growth prospects, and trends

Segments Covered

By Product Type, By Patient Type, By Type

Regional Scope

North America; Europe; Asia Pacific; Latin America; Middle East & Africa

Country Scope

U.S.; Canada; U.K.; Germany; China; India; Japan; Brazil; Mexico; The UK; France; Italy; Spain; China; Japan; India; South Korea; South East Asia; South Korea; South East Asia

Competitive Landscape

Hopeful Medical Equipment Co., Ltd, Hill-Rom Holdings Inc., Stryker Corporation, Paramount Bed Co Ltd, Getinge Group, TENTE International, AKFA Holdings, Wanma Electron Medical Co. Ltd., Eldon Enterprises Inc., and Invacare Corporation

Customization Scope

Free customization report with the procurement of the report, Modifications to the regional and segment scope. Particular Geographic competitive landscape.

Pricing and Available Payment Methods

Explore pricing alternatives that are customized to your particular study requirements.

 

Chapter 1. Methodology and Scope

1.1. Research Methodology

1.2. Research Scope & Assumptions

Chapter 2. Executive Summary

Chapter 3. Global ICU Beds & Heads Market Snapshot

Chapter 4. Global ICU Beds & Heads Market Variables, Trends & Scope

4.1. Market Segmentation & Scope

4.2. Drivers

4.3. Challenges

4.4. Trends

4.5. Investment and Funding Analysis

4.6. Industry Analysis – Porter’s Five Forces Analysis

4.7. Competitive Landscape & Market Share Analysis

4.8. Impact of Covid-19 Analysis

Chapter 5. Market Segmentation 1: By Product Type Estimates & Trend Analysis

5.1. By Product Type & Market Share, 2020 & 2030

5.2. Market Size (Value US$ Mn) & Forecasts and Trend Analyses, 2020 to 2030 for the following By Product Type:

5.2.1. Smart Bed Heads

5.2.2. Mechatronic ICU Beds

Chapter 6. Market Segmentation 2: By Patient Type Estimates & Trend Analysis

6.1. By Patient Type & Market Share, 2020 & 2030

6.2. Market Size (Value US$ Mn) & Forecasts and Trend Analyses, 2020 to 2030 for the following By Patient Type:

6.2.1. Pediatric & Neonatal

6.2.2. Bariatric

6.2.3. Geriatric

6.2.4. Psychiatric

6.2.5. Others

Chapter 7. Market Segmentation 3: By Type Estimates & Trend Analysis

7.1. By Type & Market Share, 2020 & 2030

7.2. Market Size (Value US$ Mn) & Forecasts and Trend Analyses, 2020 to 2030 for the following By Type:

7.2.1. Hospital ICU Setup

7.2.2. Homecare ICU Setup

7.2.3. Nursing Home ICU Setup

Chapter 8. ICU Beds & Heads Market Segmentation 4: Regional Estimates & Trend Analysis

8.1. North America

8.1.1. North America ICU Beds & Heads Market revenue (US$ Million) estimates and forecasts By Product Type, 2020-2030

8.1.2. North America ICU Beds & Heads Market revenue (US$ Million) estimates and forecasts By Patient Type, 2020-2030

8.1.3. North America ICU Beds & Heads Market revenue (US$ Million) estimates and forecasts by Type, 2020-2030

8.1.4. North America ICU Beds & Heads Market revenue (US$ Million) estimates and forecasts by country, 2020-2030

8.2. Europe

8.2.1. Europe ICU Beds & Heads Market revenue (US$ Million) By Product Type, 2020-2030

8.2.2. Europe ICU Beds & Heads Market revenue (US$ Million) By Patient Type, 2020-2030

8.2.3. Europe ICU Beds & Heads Market revenue (US$ Million) estimates and forecasts by Type, 2020-2030

8.2.4. Europe ICU Beds & Heads Market revenue (US$ Million) by country, 2020-2030

8.3. Asia Pacific

8.3.1. Asia Pacific ICU Beds & Heads Market revenue (US$ Million) By Product Type, 2020-2030

8.3.2. Asia Pacific ICU Beds & Heads Market revenue (US$ Million) By Patient Type, 2020-2030

8.3.3. Asia Pacific ICU Beds & Heads Market revenue (US$ Million) estimates and forecasts by Type, 2020-2030

8.3.4. Asia Pacific ICU Beds & Heads Market revenue (US$ Million) by country, 2020-2030

8.4. Latin America

8.4.1. Latin America ICU Beds & Heads Market revenue (US$ Million) By Product Type, (US$ Million)

8.4.2. Latin America ICU Beds & Heads Market revenue (US$ Million) By Patient Type, (US$ Million)

8.4.3. Latin America ICU Beds & Heads Market revenue (US$ Million) estimates and forecasts by Type, 2020-2030

8.4.4. Latin America ICU Beds & Heads Market revenue (US$ Million) by country, 2020-2030

8.5. Middle East & Africa

8.5.1. Middle East & Africa ICU Beds & Heads Market revenue (US$ Million) By Product Type, (US$ Million)

8.5.2. Middle East & Africa ICU Beds & Heads Market revenue (US$ Million) By Patient Type, (US$ Million)

8.5.3. Middle East & Africa ICU Beds & Heads Market revenue (US$ Million) estimates and forecasts by Type, 2020-2030

8.5.4. Middle East & Africa ICU Beds & Heads Market revenue (US$ Million) by country, 2020-2030

Chapter 9. Competitive Landscape

9.1. Major Mergers and Acquisitions/Strategic Alliances

9.2. Company Profiles

9.2.1. Hopeful Medical Equipment Co., Ltd

9.2.2. Hill-Rom Holdings Inc.

9.2.3. Stryker Corporation,

9.2.4. Paramount Bed Co Ltd

9.2.5. AKFA Holdings

9.2.6. TENTE International

9.2.7. Eldon Enterprises Inc.

9.2.8. Wanma Electron Medical Co. Ltd.

9.2.9. Getinge Group

9.2.10. Invacare Corporation

9.2.11. Other Prominent Players

Segmentation of Smart ICU Beds & Heads Market-

By Product Type

  • Smart Bed Heads
  • Mechatronic ICU Beds

Smart ICU Beds & Heads Market

By Patient Type

  • Pediatric & Neonatal
  • Bariatric
  • Geriatric
  • Psychiatric
  • Others

By Type

  • Hospital ICU Setup
  • Homecare ICU Setup
  • Nursing Home ICU Setup

By Region-

North America-

  • The US
  • Canada
  • Mexico

Europe-

  • Germany
  • The UK
  • France
  • Italy
  • Spain
  • Rest of Europe

Asia-Pacific-

  • China
  • Japan
  • India
  • South Korea
  • South East Asia
  • Rest of Asia Pacific

Latin America-

  • Brazil
  • Argentina
  • Rest of Latin America

 Middle East & Africa-

  • GCC Countries
  • South Africa
  • Rest of Middle East and Africa

InsightAce Analytic follows a standard and comprehensive market research methodology focused on offering the most accurate and precise market insights. The methods followed for all our market research studies include three significant steps – primary research, secondary research, and data modeling and analysis - to derive the current market size and forecast it over the forecast period. In this study, these three steps were used iteratively to generate valid data points (minimum deviation), which were cross-validated through multiple approaches mentioned below in the data modeling section.

Through secondary research methods, information on the market under study, its peer, and the parent market was collected. This information was then entered into data models. The resulted data points and insights were then validated by primary participants.

Based on additional insights from these primary participants, more directional efforts were put into doing secondary research and optimize data models. This process was repeated till all data models used in the study produced similar results (with minimum deviation). This way, this iterative process was able to generate the most accurate market numbers and qualitative insights.

Secondary research

The secondary research sources that are typically mentioned to include, but are not limited to:

  • Company websites, financial reports, annual reports, investor presentations, broker reports, and SEC filings.
  • External and internal proprietary databases, regulatory databases, and relevant patent analysis
  • Statistical databases, National government documents, and market reports
  • Press releases, news articles, and webcasts specific to the companies operating in the market

The paid sources for secondary research like Factiva, OneSource, Hoovers, and Statista

Primary Research:

Primary research involves telephonic interviews, e-mail interactions, as well as face-to-face interviews for each market, category, segment, and subsegment across geographies

The contributors who typically take part in such a course include, but are not limited to: 

  • Industry participants: CEOs, CBO, CMO, VPs, marketing/ type managers, corporate strategy managers, and national sales managers, technical personnel, purchasing managers, resellers, and distributors.
  • Outside experts: Valuation experts, Investment bankers, research analysts specializing in specific markets
  • Key opinion leaders (KOLs) specializing in unique areas corresponding to various industry verticals
  • End-users: Vary mainly depending upon the market

Data Modeling and Analysis:

In the iterative process (mentioned above), data models received inputs from primary as well as secondary sources. But analysts working on these models were the key. They used their extensive knowledge and experience about industry and topic to make changes and fine-tuning these models as per the product/service under study.

The standard data models used while studying this market were the top-down and bottom-up approaches and the company shares analysis model. However, other methods were also used along with these – which were specific to the industry and product/service under study.

To know more about the research methodology used for this study, kindly contact us/click here.

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Frequently Asked Questions

What is the Smart ICU Beds & Heads Market Growth?

Hopeful Medical Equipment Co., Ltd, Hill-Rom Holdings Inc., Stryker Corporation, Paramount Bed Co Ltd, Getinge Group, TENTE International, AKFA Holdin

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