The Global Automated Hospital Beds Market size is expected to register a CAGR of 5.97% and is anticipated to reach USD 2,553.4 million by 2023.
Automated hospital beds are specially designed for hospitalized patients in need of some form of health care services. These hospitals beds have special features both for the comfort and well-being of the patient and for the convenience of health care workers. Most common features of automated hospital beds are automated adjustable height for the entire bed including the head and the feet, adjustable side rails, and electronic buttons to operate both the bed and other nearby electronic devices.
The increase in the number of various acute and chronic disorders, rising geriatric population, increased number of obese people, continuous development in the designs of the hospital beds for the betterment and more comfort of the patients, and rising healthcare expenditure are the major drivers propelling market growth. However, the high cost of automated hospital beds and expensive maintenance of automated hospital beds are hampering the growth of the market.
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Automated hospital beds are more convenient and user-friendly than the traditional hospital beds. Automated hospital beds are designed to meet needs of the patients proficiently for different situations. The hospital electric beds are highly adjustable, comfortable and flexible. Developed regions such as the Americas and Europe accounted for the major market share due to technological development in the healthcare sector. These beds work with minimal assistance and are self-controlled, which makes handling them easy, a less laborious task than the manual beds.
Various medical emergencies such as accidents on roads, industrial mishaps, wars, and natural calamities which provides huge opportunities for the hospitals to improve their promptness to tackle such medical emergencies. Hospitals and other healthcare emergency centres have increased their required facilities to handle emergencies which will fuel the market growth. Furthermore, the growth of emergency departments to meet the rising medical emergencies will drive the demand for automated hospital beds. For instance, many hospitals have separate rooms for operating emergency cases, and in case of surgery with the help of automated hospital beds surgeries can be performed immediately.
The increasing prevalence of life-threating diseases drives admission rates in healthcare facilities. To meet the unmet demand for healthcare facilities, manufacturers and suppliers are introducing advanced automated products and thus increasing the market penetration in the automated hospital beds sector. The rising incidence of life-threating diseases in Asia Pacific and the Middle East & Africa has prompted suppliers and manufacturers to expand their market reach and to enter in emerging markets. According to the Centers for Disease Control and Prevention (CDC), life-threatening or chronic diseases such as stroke, heart diseases, diabetes, and chronic respiratory diseases, kidney diseases were the leading cause of death in 2014. For example, according to the Center of Disease Control and Prevention, each year, nearly 4.9 million adults with diagnosed kidney disease.
ArjoHuntleigh, Gendron Inc., Hill-Rom, Invacare Corporation, Linet spol. s r.o., Medline Industries, Inc., Paramount Bed Holdings Co., Ltd., and Stryker and others are some of the major players in the Global Automated hospital beds Market.
Global Automated hospital beds Market - Regional Analysis
Market opportunities are those unexploited factors that are expected to boost the growth of the market. These factors can be referred to as the untapped drivers of the market. The major opportunities for the automated hospital beds are the introduction in developing economies.
Introduction of smart hospital bed is one of the emerging opportunities for the global automated hospital beds market. Smart bed advancements will improve patient safety and comfort throughout the hospital stay.
The demand for the automated hospital beds is increasing due to its easier and more sophisticated for patients in developing countries that include Asia Pacific and the Middle East & African countries. These developing countries are suffering with immense disease burden. These diseases include asthma, cardiac failure, chronic obstructive pulmonary disease, chronic kidney disease, coronary artery disease, multiple sclerosis, Parkinson’s disease and others resulting increasing in-patient population in hospitals.
Governments of few developing countries have taken educational initiatives and projects such as the Janala Project (Bangladesh), ProjectABC (Nigeria), Tostan (Senegal), Yoza (South Africa), and BridgeIT (Tanzania) among others. These programs are focused to improve literacy and create awareness about health that help to increase the understanding of people and raises chances of becoming technically mature. These factors will indirectly boost the market growth for automated hospital beds.
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The global blockchain technology in healthcare market size is expected to reach USD 11.5 billion by 2026, according to a new report by Grand View Research, Inc.
Furthermore, technological advancements and untapped opportunities in the healthcare sector are some of the major factor leading to the adoption of the technology.Blockchain technology has grown at a rapid pace in the past few years.
The technology has been utilized by the big corporations for profit maximization and cost cutting.
Many leading healthcare and life science companies including Pfizer Inc.; Amerisource Bergen Corporation; McKesson Corporation; and Premier Inc. have all recently joined blockchain-powered project MediLedger to tackle the inadequacies of supply chain.
Reduction or elimination in frauds and errors, reduction in delays from paperwork, identification of issues rapidly, minimization of courier costs, improvement in inventory management, and increase in consumer and partner trust are some of the purported benefits of blockchain technology facilitating supply chain management.Furthermore, the pharmaceutical industry is only one part of the overall healthcare ecosystem which is vigorously exploring the use cases of the blockchain and many of the ideas already have the proof-of-concept implementations.
The hindrances and challenges that arise in multiple level authentication can also be eliminated through the adoption of blockchain.
Workload ManagementWorkload management is essential for meeting deadlines while maintaining the high efficiency of employees.
As a systematic process of managing the workflow accurately & project managers distribute work to team members and monitor their work routine.This monitoring enables managers to utilize the skills of available resources effectively that assists them and identify any loopholes and make adjustments.
Though task management software can help you manage workload efficiently & here we share some useful tips that will make your life easier.As a project manager, you need to ensure that the assigned work has been completed and delivered on time.
You should maintain a subtle balance between the number of tasks and the abilities of your team members to accomplish all the assignments on time & maintaining the optimum productivity level.
But then, managing all the aspects at once itself is a herculean task & therefore, workload management comes into the picture.
Poor resource allocation, inaccurate estimation of deadlines, the underperformance of the team & work-related inadequacy at an individual level can create an imbalance in workload management.
The past year exploded the concept of a set work schedule.
Many professionals today wear multiple hats.
That means juggling Zoom calls with endless requests for PB sandwiches from hungry kids, keeping the dog from barking or cat off the keyboard, and managing home renovations — all while converting a bedroom closet into an officeAt BasicOps, our team members begin their workday when it makes sense for them — barring a morning meeting or an impending deadline — and likewise, they finish when it makes sense for them.
As an employer, it’s our job to set our teams up for success by taking advantage of project workflow applications or scheduling regular check-ins with staff, both of which can help maintain accountability without losing momentum.Let’s dive into all the ways you can ditch set work hours without compromising productivity and output.
Establish crossover hoursProductivity is a two-way street, and managers may feel less productive juggling employees who all have their own schedules.
Schedule important meetings during this timeframe, and create opportunities for your team to collaborate in various ways, whether it’s for one-on-one check-ins, brainstorming or presentations from project leads.
