Automated Hospital Beds Market Trends

Growth Drivers

• The expanding global geriatric population: The rising count of individuals aged 60 and over worldwide, potentially surpassing 1.4 billion by 2030 and 2.1 billion by 2050, strengthens the foundation of the consumer base in the automated hospital beds market. This demographic shift translates to a higher admission volume in hospitals, nursing homes, and assisted living centers across the globe. Moreover, the necessity of long-term care and mobility assistance for this population requires furniture advancements to meet the unmet needs of user comfort and patient safety.
• Increasing investments in capacity amplification: The rapid increase in public spending on inpatient facilities and services creates greater revenue opportunities for manufacturers in this sector. Such an infrastructural capacity expansion trend can be evidenced by the explosive trade value in the global hospital beds and supporting equipment industry. Besides, both government and foreign investors are increasingly engaging resources in bulk procurement of advanced medical equipment. Such budget allocation to strengthen the medical systems in developed and emerging economies facilitates sustainable capital influx in the automated hospital beds market.
• Trend of medical system modernization: The growing interest in streamlining healthcare workflows, particularly among developing nations, prompts greater adoption in the automated hospital beds market. Recently introduced features, such as remote-control adjustments, patient monitoring, and emergency alert systems, align perfectly with the trend of IoT integration and automation in the medical field. Moreover, the national programs that promote smart hospitals are evidently fueling the surge in this sector. The utilization of this opportunity can be exemplified by the launch of the SmartMedic platform in India by Stryker in February 2023.

Historic Trends in Key Demographics in the Automated Hospital Beds Market

Hospital Admission Rates for COPD and Asthma by Age Group in England and Wales (1999-2020)

Overview of Global Trade in the Automated Hospital Beds Market

Top Exporters and Importers of Medical Furniture (2023)

Challenges

• Lack of initial capital and financial backing: Installing equipment from the automated hospital beds market requires high upfront capital due to its association with next-generation technologies and specialized materials. As a result, the budget may not fit several small- and medium-sized medical facilities and service providers, particularly in resource-constrained regions. Moreover, this affordability gap, coupled with additional maintenance and servicing expenses, makes procurement decisions more complex and slower.
• Regulatory hurdles related to data security: Navigating strict international quality standards of patient safety and equipment reliability often restricts the globalization of the automated hospital beds market. The time-consuming and expensive testing and documentation for these commodities may result in delays or failures in compliance and new launches in this sector. Additionally, the increasing cyber threats compromise patient confidentiality, which further leads to legal disputes and reputation damage.