The Latin America, Middle East and Africa Healthcare Smart Beds Market would witness market growth of 9.9% CAGR during the forecast period (2021-2027).
The cases of chronic diseases are constantly rising across the world. The major factors contributing to surging the common and costly long-term health problems are changes in societal behavior and an aging population. Also, the middle class is growing due to which regions are getting urbanized and people are inclining towards a sedentary lifestyle. This has resulted in an increasing rate of obesity and cases of diseases like diabetes. As stated by WHO, the occurrence of chronic diseases has surged by 57% in 2020. The growing population of developing nations is estimated to witness a large number of chronic cases.
To fulfil the demands for treating chronic diseases, new delivery models are launched. In this, technology is playing a vital role. Advancements in early detection and diagnoses of disease are leading to reduce the cost of the treatment of chronic conditions. Healthcare smart beds are incorporated with sensors and control panels that help in monitoring the vitals of patients for timely intervention. Home healthcare has gained significant traction around the world because it helps in saving considerable costs for patients. The cost of hospital treatments includes the cost of high-quality facilities and amenities that are provided by hospitals.
LAMEA is witnessing significant growth in investments from the government in the hospitals to remain in alignment with the latest technologies and to improve the healthcare treatments. In addition, this region is observing a shift in patient inclination, and a rise in demand for cutting-edge healthcare facilities, hence fueling the demand for healthcare smart beds. Additionally, expansion in the occurrence of cardiovascular diseases is boosting the demand for healthcare smart beds because they are embedded with coordinated cardio monitoring sensors and devices that help in sending alert signals to the medical teams.
The launch of the latest technologies is helping in reducing the cost of treatment and improving efficiency to treat, care and communicate with more and more patients. Whereas, connected care technologies, which use big data to better diagnose patients or potential issues before they turn into full-flown health concerns, are still at the lower stage. Additionally, the knowledge and use of these technologies are limited due to a lack of awareness. Hence, it is anticipated that people will be more aware of these technologies, which will surge the demand for the technology integrated healthcare smart beds in the coming years.
The Hospitals market dominated the South Africa Healthcare Smart Beds Market by Application in 2020, thereby, achieving a market value of $7.7 Million by 2027. The Outpatient Clinics market is expected to witness a CAGR of 11.1% during (2021 - 2027).
Based on Application, the market is segmented into Hospitals, Outpatient Clinics, Medical Nursing Homes and Medical Laboratory and Research. Based on countries, the market is segmented into Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.
Free Valuable Insights: The Global Healthcare Smart Beds Market is Predict to reach $880.9 Million by 2027, at a CAGR of 8.8%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Stryker Corporation, Hill-Rom Holdings, Inc., Invacare Corporation (Johnson & Johnson Private Limited), Paramount Bed Co., Ltd. (Paramount Bed Holdings Co., Ltd.), LINET spol. s r.o. (WIBO Holdings GmbH), Joerns Healthcare LLC, Stiegelmeyer GmbH & Co. KG (Joh. Stiegelmeyer & Co. GmbH), Arjo AB, Völker GmbH, and Favero Health Projects SpA.
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