Global Medical Bed Market, By Product (Acute Care Beds, MedSurg Beds, ICU Beds, Pediatric Beds, Birthing Beds, Long-term Care Beds, Psychiatric Care Beds, Bariatric Care Beds and Others), Application (Intensive Care and Non Intensive), Type (Electric Beds, Semi Electric Bed and Manual Bed), End User (Hospital, Home Care and Elderly Care)-Industry Trends and Forecast to 2029
Market Analysis and Size
Medical beds are an important part of the healthcare system and a high-value commodity in the patient-care setting. One of the biggest growing drivers for hospital beds is the ageing population. Demand for beds is predicted to increase as a result of changing demographics and disease trends, as well as the resulting pressure on healthcare services.
ICU beds of product is a largest segment in medical beds market due to the technological advancements have resulted in specialised ICU beds with cutting-edge features. Continuous lateral rotation therapy, patient repositioning support, weight-based pressure redistribution in any bed position, and electrical bed retraction and extension are just a few of the features that help caregivers treat patients more effectively. Data Bridge Market Research analyses that the medical bed market was valued at USD 3.28 billion in 2021 and is further estimated to reach USD 5.27 billion by 2029, and is expected to grow at a CAGR of 6.1% during the forecast period of 2022 to 2029.
Report Scope and Market Segmentation
2022 to 2029
2020 (Customizable to 2019 - 2014)
Revenue in USD Billion, Volumes in Units, Pricing in USD
Product (Acute Care Beds, MedSurg Beds, ICU Beds, Pediatric Beds, Birthing Beds, Long-term Care Beds, Psychiatric Care Beds, Bariatric Care Beds and Others), Application (Intensive Care and Non Intensive), Type (Electric Beds, Semi Electric Bed and Manual Bed), End User (Hospital, Home Care and Elderly Care)
U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America
Market Players Covered
Hill-Rom Services, Inc. (US), Invacare Corporation. (US), Medical Depot, Inc. (Canada), Stryker Corporation (US), Arjo. (Sweden), Gendron Inc. (US), GF Health Products, Inc. (US), HARD Manufacturing Company, Inc. (US), Umano Medical inc. (Canada), Transfer Master Products, Inc. (US), American Medical Equipment. (US), ProBed Medical Technologies (Canada), Amico Group of Companies. (US), Getinge AB. (Sweden), ANTANO GROUP (Italy), Merivaara (Finland), Stiegelmeyer GmbH & Co. KG (Germany), LINET (Czechia), PARAMOUNT BED CO., LTD. (Japan) and Mobility Aids Sales and Services (India).
When it comes to the equipment and apparatuses needed in a hospital, clinic, or ambulatory surgery centre, medical beds are the most important. Medical beds are most typically used for examinations, disease diagnosis, patient treatment, and patient transportation. These have been created with the patients' safety and comfort in mind. Medical beds are divided into three categories: manual, electric, and semi-electric.
Medical Bed Market Dynamics
Major factors that are expected to boost the growth of the medical bed market in the forecast period are as follows:
- Rise in the investments in healthcare infrastructural development
In most developed and developing countries, healthcare infrastructure development is a major concern. Increased healthcare infrastructure investments are also beneficial to the medical beds market. Increased investments result in higher medical bed costs, which is a major driver driving market expansion.
- Technological developments in ICU beds
ICU beds will make up a larger percentage of medical beds. The ability to convert ward beds to ICU beds will be available. ICUs would no longer be isolated from the rest of the hospital.
- Growing of elderly population
In addition, the increase in the volume of medical beds in private hospitals and growing funding on healthcare infrastructure in the advancing countries are further estimated to provide potential opportunities for the growth of the medical bed market in the coming years.
On the other hand, the growing cost of specialty beds is further projected to impede the growth of the medical bed market in the targeted period. However, the decline in the volume of beds in hospitals in advanced countries might further challenge the growth of the medical bed market in the near future.
This medical bed market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the medical bed market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Covid-19 Impact on Medical Bed Market
The pandemic of COVID-19 has had a huge impact on the medical bed market. Because of the COVID-19 public health emergency, there was a surge in demand for medical beds, stretchers, and mattresses to help local hospitals and healthcare institutions expand their capacity through temporary expansion sites. Manufacturers from a variety of industries not normally linked with medical device manufacturing sought resources to produce and market these devices to the healthcare community in order to meet this demand.
- In March 2020, Hill-Rom has indicated that production of critical care goods, including as ICU and med-surg unit smart hospital beds, will be doubled to help with the COVID-19 response.
- In August 2019, Invacare Corporation has introduced NordBed, a medical bed line designed to help persons with limited mobility and age-related health issues. The company's product portfolio of medical beds was increased as a result of this strategic move.
Global Medical Bed Market Scope and Market Size
The medical bed market is segmented on the basis of product, application, type and end user. The growth amongst these segments will help you analyze meager growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
- Acute Care Beds
- MedSurg Beds
- ICU Beds
- Pediatric Beds
- Birthing Beds
- Long-term Care Beds
- Psychiatric Care Beds
- Bariatric Care Beds
On the basis of product, the medical bed market is segmented into acute care beds, medSurg beds, ICU beds, pediatric beds, birthing beds, long-term care beds, psychiatric care beds, bariatric care beds and others.
- Intensive Care
- Non Intensive
On the basis application, the medical bed market is segmented into intensive care and non-intensive care medical beds.
- Electric Beds
- Semi Electric Bed
- Manual Bed
On the basis of type, the medical bed market is segmented into electric beds, semi electric bed and manual bed.
- Home Care
- Elderly Care
On the basis of end user, the medical bed market is segmented into hospital, home care and elderly care.
Medical Bed Market Regional Analysis/Insights
The medical bed market is analysed and market size insights and trends are provided by country, product, application, type and end user as referenced above.
The countries covered in the medical bed market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
Europe dominates the medical bed market due to the rise in the incidence of patients with cardiovascular diseases and diabetes. Furthermore, the growing obese population will further boost the growth of the medical bed market in the region during the forecast period.
Asia-Pacific is projected to observe significant amount of growth in the medical bed market due to the rise in the incidence of population in demand of medical treatment. Moreover, the growing expenditure to enhance the healthcare infrastructure is further anticipated to propel the growth of the medical bed market in the region in the coming years.
The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Healthcare Infrastructure growth Installed base and New Technology Penetration
The medical bed market also provides you with detailed market analysis for every country growth in healthcare expenditure for capital equipment, installed base of different kind of products for medical bed market, impact of technology using life line curves and changes in healthcare regulatory scenarios and their impact on the medical bed market. The data is available for historic period 2010-2020.
Competitive Landscape and Medical Bed Market Share Analysis
The medical bed market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to medical bed market.
Some of the major players operating in the medical bed market are
- Hill-Rom Services, Inc. (US)
- Invacare Corporation. (US)
- Medical Depot, Inc. (Canada)
- Stryker Corporation (US)
- Arjo. (Sweden)
- Gendron Inc. (US)
- GF Health Products, Inc. (US)
- HARD Manufacturing Company, Inc. (US)
- Umano Medical inc. (Canada)
- Transfer Master Products, Inc. (US)
- American Medical Equipment. (US)
- ProBed Medical Technologies (Canada)
- Amico Group of Companies. (US)
- Getinge AB. (Sweden)
- ANTANO GROUP (Italy)
- Merivaara (Finland)
- Stiegelmeyer GmbH & Co. KG (Germany)
- LINET. (Czechia)
- PARAMOUNT BED CO., LTD. (Japan)
- Mobility Aids Sales and Services (India)