Canada Healthcare Smart Beds Market Insights Forecasts to 2033

• The Canada Healthcare Smart Beds Market Size was Estimated at Remarkable Share in 2023
• The Market Size is Growing at 7.64% CAGR from 2023 to 2033.
• The Canada Healthcare Smart Beds Market Size is Expected to Reach a Significant Share by 2033.

The Canada Healthcare Smart Beds Market Size is expected to Reach a Significant Share by 2033, Growing at a 7.64% CAGR from 2023 to 2033.     

Market Overview

The Canada healthcare smart beds market is the industry focused on the development, production, and adoption of technologically advanced hospital beds designed to enhance patient care, safety, and healthcare efficiency. Smart beds integrate IoT (Internet of Things), sensors, automation, and AI-driven features to monitor patient health, position adjustment, prevent bedsores, and improve general comfort. These beds are commonly applied in hospitals, nursing homes, home care, and long-term care settings to support healthcare providers in monitoring the vital signs of patients, tracing their movements, and minimizing the amount of work to be done manually. Smart beds with built-in monitoring systems, automatic adjustments, and data transmission in real-time promote safety and efficiency in health care. The demand is on the increase in Canada particularly in terms of investment also comes from increasing healthcare infrastructure due to new development and renovation and renovation of healthcare facilities that enhance the procurement of higher-end hospital beds. Other drivers that help meet this trend are the increased availability of home care services and the greater need for comfort support in these home-based scenarios, making demand rise for appropriate smart beds tailored for such application environments. Although there have been developments, advances in technology with increased concerns about bettering patients' results mean smart beds can only see much growth in use within Canada's health service provider community.

 Report Coverage

This research report categorizes the market for the Canada healthcare smart beds market based on various segments and regions forecasts revenue growth and analyzes trends in each submarket. The report analyses the key growth drivers, opportunities, and challenges influencing the Canada healthcare smart beds market. Recent market developments and competitive strategies such as expansion, product launch, and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key market players and analyses their core competencies in each sub-segment of the Canada healthcare smart beds market.

Driving Factors

The key drivers for this Canada healthcare smart beds market are the growing aging population and the rising prevalence of chronic diseases, which increases the demand for advanced patient care solutions. Technological innovations such as IoT-enabled monitoring, automated adjustments, and real-time patient data tracking enhance efficiency and ensure safety for the patients. The further growth in market investment in the healthcare infrastructure sector, government schemes to modernize hospitals, and the increasing extension of home care services are supporting the growth. The focus is on patient-centered care and reducing hospitalization and readmissions, which have accelerated the deployment of smart beds across Canadian healthcare facilities.

Restraining Factors

The Canada healthcare smart beds market faces restraints such as high costs of advanced smart beds, limiting adoption in smaller healthcare facilities. Maintenance and technical complexities require skilled personnel, adding to operational expenses. Additionally, budget constraints in public hospitals and the slow adoption of new technologies hinder widespread market growth.

Market Segment

• The electric beds segment held the greatest share in 2023 and is anticipated to grow at a significant CAGR during the forecast period.

Based on the basis of the type, the Canada healthcare smart beds market is divided into electric beds and semi-electric beds. Among these, the electric beds segment held the greatest share in 2023 and is anticipated to grow at a significant CAGR during the forecast period. This is due to enhanced patient comfort, ease of operation, and advanced features like automated positioning and remote monitoring. Increasing demand for patient-centric care, rising hospital admissions, and technological advancements further drive growth. Additionally, the aging population and expansion of healthcare facilities fuel the continued adoption of electric smart beds.

• The hospitals segment accounted for the majority of the share in 2023 and is estimated to grow at a significant CAGR during the projected timeframe.

Based on the application, the Canada healthcare smart beds market is divided into hospitals, outpatient clinics, medical nursing homes, and medical laboratories & research. Among these, the hospitals segment accounted for the majority of the share in 2023 and is estimated to grow at a significant CAGR during the projected timeframe. This is due to high patient admissions, increasing demand for advanced patient care, and government investments in healthcare infrastructure. The need for efficient patient monitoring, enhanced comfort, and improved recovery outcomes has driven hospitals to adopt smart beds. Additionally, the rising ICU and surgical cases further fuel segment growth during the forecast period.

Competitive Analysis:

The report offers the appropriate analysis of the key organizations/companies involved within the Canada healthcare smart beds market along with a comparative evaluation primarily based on their product offering, business overviews, geographic presence, enterprise strategies, segment market share, and SWOT analysis. The report also provides an elaborative analysis focusing on the current news and developments of the companies, which includes product development, innovations, joint ventures, partnerships, mergers & acquisitions, strategic alliances, and others. This allows for the evaluation of the overall competition within the market.

List of Key Companies

• Groupe Bertec
• Westin Healthcare Inc.
• London Hospital Linen Service Incorporated
• The Stevens Company Limited
• Medtrica
• Canada care Medical
• Eco Environments Products (1989) Ltd
• Associated Health Systems Inc.
• SMP Canada
• PG Surg-Med

Key Target Audience

• Market Players
• Investors
• End-users
• Government Authorities 
• Consulting and Research Firm
• Venture capitalists
• Value-Added Resellers (VARs)

Key Market Development

• In February 2023, Hamilton Health Sciences (HHS) provided valuable feedback on the Ably Bed, developed by Norwegian-based Ably Medical. This smart hospital bed is designed to assist caregivers and patients by preventing pressure ulcers and falls and reducing injuries to nursing staff1. The collaboration between HHS and Ably Medical involved several rounds of testing and feedback to improve the bed's design and functionality.

Market Segment

This study forecasts revenue at regional, and country levels from 2023 to 2033. Spherical Insights has segmented the Canada healthcare smart beds market based on the below-mentioned segments:

Canada Healthcare Smart Beds Market, By Type

• Electric Beds
• Semi-Electric Beds

Canada Healthcare Smart Beds Market, By End-User

• Hospitals
• Outpatient Clinics
• Medical Nursing Homes
• Medical Laboratory & Research