Automated Hospital Beds Market Size

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.