Automated Hospital Beds Market size was over USD 23.62 billion in 2023 and is set to cross USD 48.56 billion by 2036, growing at more than 5.7% CAGR during the forecast period i.e., between 2024-2036. In the year 2024, the industry size of automated hospital beds is estimated at USD 24.7 billion. The growth of the market can be attributed to the growing advancements and innovations in the medical devices’ technology, and increasing patient pool around the world. Along with these, rising prevalence of chronic diseases, and upsurge in the number of accidents globally are also expected to drive the demand for the products in the upcoming years. In 2019, approximately 8% of the population of the United States was diagnosed with autoimmune diseases. Whereas, this proportion in China stood at more than 4% the same year. Furthermore, escalating investments in healthcare, and rise in the disposable income of the people are projected to offer abundant growth opportunities to the market in the near future.
Growth Drivers
Challenges
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Base Year |
2023 |
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Forecast Year |
2024-2036 |
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CAGR |
5.7% |
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Base Year Market Size (2023) |
USD 23.62 billion |
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Forecast Year Market Size (2036) |
USD 48.56 billion |
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Regional Scope |
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The market is segmented by usage into general purpose, intensive care, delivery, bariatric, pediatric, psychiatric care, pressure relief, and others, out of which, the general purpose segment is anticipated to hold the largest share in the global automated hospital beds market. This can be accounted to the higher number of patients in general ward as compared to other wards. Apart from this, rising demand to cater to the needs of patients with minor diseases or injuries in the hospitals is also predicted to accelerate the growth of the market segment in the future. Additionally, on the basis of treatment type, the critical care segment is assessed to acquire the largest share during the forecast period owing to the increasing demand for automated hospital beds among patients with life-threatening conditions.
Our in-depth analysis of the global automated hospital beds market includes the following segments:
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By Type |
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By Application |
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By Usage |
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By End User |
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APAC Market Statistics
Regionally, the global automated hospital beds market is segmented into five major regions including North America, Europe, Asia Pacific, Latin America and the Middle East & Africa region. Asia Pacific industry is expected to account for largest revenue share by 2036, propelled by increasing geriatric population, as they are more prone to chronic diseases. According to the World Health Organization (WHO), the proportion of people aged 60 or above in the South East Asia region was 9.8% in 2017, which is evaluated to increase to 13.7% and 20.3% by 2030 and by 2050, respectively.
In addition, growing emphasis of governments to improve the healthcare infrastructure is also expected to drive market growth in the region in the coming years. Moreover, the market in Europe is projected to occupy the largest share during the forecast period owing to the favorable government policies regarding installation of automated hospital beds, and strong presence of major market players in the region.
Author Credits: Radhika Pawar
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