At 14.0% CAGR, the Europe Smart Hospital Beds Market is projected to be worth US$ 455.57 million by 2030, says Business Market Insights

According to Business Market Insights’ research, the Europe smart hospital beds market was valued at US$ 159.30 million in 2022 and is expected to reach US$ 455.57 million by 2030, registering a CAGR of 14.0% from 2022 to 2030. Increasing investments in healthcare infrastructure and robotic hospital beds are among the critical factors attributed to the Europe smart hospital beds market expansion.    

Researchers are working on developing hospital beds incorporated with robotics. According to an April 2020 press release by the German Research Center for Artificial Intelligence GmbH (DFKI GmbH), the German Federal Ministry for Education and Research (BMBF) provided US$ 1.7 million (1.8 million euros) in funds to develop robotic systems and sensor solutions for hospital beds under the project AdaMeKoR, initiated by Johanniter-Unfall-Hilfe humanitarian organization in March 2020. The University of Osnabrueck, the University of Oldenburg, and the DFKI are collaboratively working on different components of robotic beds to ease the work for nursing staff and patients as part of this project. Departments such as the Robotics Innovation Center and the Cyber-Physical Systems research departments of the DFKI GmbH have also participated in AdaMeKoR, which aims to overcome challenges posed by the shortage of staff and the strains on medical workers in Germany. Besides the staff shortage, the government aims to improve the nursing staff's physical health by reducing illness among them, which would subsequently decrease sick leaves and occupational disabilities. The research participants of the AdaMeKoR project also intend to develop a robotic arm for transferring patients from one place to another and sensors for analyzing the posture of nursing staff. They are also looking forward to developing a joystick for people with limited mobility and the robotic transfer of patients from bed to a wheelchair. Thus, government initiatives to support the ongoing development of robotic hospital beds are likely to provide significant opportunities for the Europe smart hospital beds market growth in the future.

On the contrary, cybersecurity risks and recalls associated with smart hospital beds hamper the Europe smart hospital beds market.

Based on patient weight, the Europe smart hospital beds market is segmented into less than 70 lb, 70 to 150 lb, 150 to 400 lb, 400 to 500 lb, and greater than 500 lb. The 400 to 500 lb segment held 43.1% share of Europe smart hospital beds market in 2022, amassing US$ 68.59 million. It is projected to garner US$ 201.19 million by 2030 to expand at 14.4% CAGR during 2022–2030.

Based on offering, the Europe smart hospital beds market is segmented into products & accessories, software & solutions, and services. The products & accessories segment held 46.6% share of Europe smart hospital beds market in 2022, amassing US$ 74.26 million. It is projected to garner US$ 207.42 million by 2030 to expand at 13.7% CAGR during 2022–2030.

Based on application, the Europe smart hospital beds market is segmented into fall prevention, pressure injury prevention, patient deterioration & monitoring, and others. The fall prevention segment held 81.4% share of Europe smart hospital beds market in 2022, amassing US$ 129.63 million. It is projected to garner US$ 374.12 million by 2030 to expand at 14.2% CAGR during 2022–2030.

Based on end user, the Europe smart hospital beds market is segmented into hospitals, clinics & nursing homes, ambulatory surgical centers, medical laboratories, long term care centers, and others. The hospitals segment held 71.3% share of Europe smart hospital beds market in 2022, amassing US$ 113.60 million. It is projected to garner US$ 325.52 million by 2030 to expand at 14.1% CAGR during 2022–2030.

Based on country, the Europe smart hospital beds market has been categorized into the UK, Germany, France, Italy, Spain, and the Rest of Europe. Our regional analysis states that Germany captured 29.5% share of Europe smart hospital beds market in 2022. It was assessed at US$ 46.92 million in 2022 and is likely to hit US$ 130.16 million by 2030, exhibiting a CAGR of 13.6% during 2022–2030.      

Key players operating in the Europe smart hospital beds market are Arjo AB, Favero Health Projects SpA, Hill-Rom Holdings Inc, Invacare Corp, LINET spol SRO, Malvestio SpA, Stiegelmeyer GmbH & Co. KG, and Stryker Corp, among others.

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