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, Others), Application (Intensive Care, Non Intensive), Type (Electric Beds, Semi Electric Bed, Manual Bed), End User (Hospital, Home Care, Elderly Care) – Industry Trends and Forecast to 2030.
Medical Bed 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 aging 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 which was USD 3,543.13 million in 2022, is expected to reach USD 5,340.23 million by 2030, and is expected to undergo a CAGR of 6.06% during the forecast period of 2023 to 2030. “Acute Care Beds” dominates the product segment of the medical bed market due to rising demand of medical bed. In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include depth expert analysis, patient epidemiology, pipeline analysis, pricing analysis, and regulatory framework.
Report Scope and Market Segmentation
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Report Metric
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Details
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Forecast Period
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2023 to 2030
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Base Year
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2022
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Historic Years
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2021 (Customizable to 2015-2020)
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Quantitative Units
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Revenue in USD Million, Volumes in Units, Pricing in USD
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Segments Covered
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By Product (Acute Care Beds, MedSurg Beds, ICU Beds, Pediatric Beds, Birthing Beds, Long-term Care Beds, Psychiatric Care Beds, Bariatric Care Beds, Others), Application (Intensive Care, Non Intensive), Type (Electric Beds, Semi Electric Bed, Manual Bed), End User (Hospital, Home Care, Elderly Care)
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Countries Covered
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U.S., Canada, Mexico, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, Saudi Arabia, U.A.E., South Africa, Egypt, Israel, Rest of Middle East and Africa, Brazil, Argentina and Rest of South America
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Market Players Covered
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Hill-Rom Services, Inc. (U.S.), Invacare Corporation. (U.S.), Medical Depot, Inc. (Canada), Stryker Corporation (U.S.), Arjo. (Sweden), Gendron Inc. (U.S.), GF Health Products, Inc. (U.S.), HARD Manufacturing Company, Inc. (U.S.), Umano Medical inc. (Canada), Transfer Master Products, Inc. (U.S.), American Medical Equipment. (U.S.), ProBed Medical Technologies (Canada), Amico Group of Companies. (U.S.), 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)
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Market Opportunities
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Market Definition
Medical beds are the main 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.
Global Medical Bed Market Dynamics
Drivers
- Increasing healthcare facilities
The expansion of healthcare infrastructure, including hospitals and long-term care facilities, has created a growing demand for medical beds. New healthcare facilities and renovations of existing ones require a range of specialized beds to accommodate diverse patient needs. This demand fuels the market's growth.
- Rising chronic health conditions
The increasing prevalence of chronic health conditions, such as diabetes, cardiovascular diseases, and respiratory illnesses, serves as a driver for the medical bed market. Patients with chronic conditions often require extended care, which can involve long hospital stays or home healthcare. Medical beds equipped with advanced features are essential for managing these conditions and preventing complications.
- Home healthcare on the rise
The global trend toward home healthcare is on the rise, and it represents a driver for the medical bed market. Many patients, especially the elderly and those with chronic conditions, prefer to receive care in the comfort of their homes. The shift towards home healthcare has increased the demand for medical beds designed for home use, further contributing to market expansion. Homecare beds are designed to be more compact and user-friendly, making them suitable for residential settings. They often feature designs that resemble regular furniture to blend into home environments seamlessly. Moreover, home healthcare can significantly lower healthcare costs. Hospital stays are expensive, and by shifting care to home environments, both patients and healthcare systems can save money. The rising trend of home healthcare creates a substantial demand for medical beds designed for residential use.
Opportunities
- Integration of telehealth solutions with medical beds
The integration of telehealth solutions with medical beds represents a significant opportunity for the medical bed market. Telehealth involves the use of technology to facilitate remote patient monitoring and care. When integrated with medical beds, it enhances patient care, enables remote monitoring by healthcare providers, and allows for timely interventions With remote monitoring and real-time data access, providers can efficiently manage multiple patients, thus improving the efficiency and effectiveness of care delivery.
- Eco-Friendly and Sustainable Designs
The rising focus on eco-friendly and sustainable designs in medical beds is an opportunity driven by environmental concerns. As environmental consciousness grows, there is an increased demand for more sustainable and eco-friendly alternatives. Manufacturers are exploring materials and production processes that minimize the environmental footprint of these beds, aligning with growing environmental consciousness and regulatory requirements. Eco-friendly medical beds may incorporate recyclable or biodegradable materials, energy-efficient designs, and environmentally responsible disposal options. These beds have the potential to reduce the carbon footprint of healthcare facilities and address environmental concerns by promoting responsible material sourcing and disposal.
Restraints/Challenges
- High cost of specialized beds
One of the primary restraints in the Medical Bed Market is the high cost associated with specialized beds. These beds, particularly those with advanced features, come with a significant price tag. This cost can be a substantial financial burden for healthcare facilities, especially those with limited budgets. Acquiring and maintaining specialized medical beds can strain the financial resources of healthcare institutions. The high cost of medical beds impacts healthcare institutions in multiple ways. It requires a considerable upfront investment, which may limit the ability of smaller or underfunded healthcare facilities to provide specialized care. In addition, the maintenance and servicing of these beds also come at a cost, adding to the overall financial burden. For healthcare providers, this cost factor can be a significant restraint in adopting advanced medical beds.
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Limited access in developing regions
Access to specialized medical beds is limited in many developing regions, serving as a significant restraint. Healthcare infrastructure in these areas may lack the resources to procure advanced medical beds. This limitation hinders the quality of patient care and restricts market growth in underserved regions. Developing regions often face constraints related to healthcare resources and infrastructure. The focus may be on basic healthcare necessities, and specialized medical beds are considered a luxury or non-essential item.
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.
Recent Development
- In March 2021, 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.
Global Medical Bed Market Scope
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 meagre 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.
Product
- Acute Care Beds
- MedSurg Beds
- ICU Beds
- Pediatric Beds
- Birthing Beds
- Long-term Care Beds
- Psychiatric Care Beds
- Bariatric Care Beds
- Others
Application
- Intensive Care
- Non Intensive
Type
- Electric Beds
- Semi Electric Bed
- Manual Bed
End User
- Hospital
- Home Care
- Elderly Care
Global 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.
North America dominates the medical bed market in terms of market share and market revenue and will continue to flourish its dominance during the forecast period of 2023 to 2030, due of the increase in the expenditure for research and development proficiencies, increasing government’s initiatives and improved health care infrastructure in various countries.
Asia-Pacific on the other hand is projected to exhibit the highest growth rate in the medical bed market during the forecast period of 2023 to 2030 owing to the increasing government expenditure on healthcare sector and rising technological advancements and initiatives by the government.
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 Global 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. (U.S.)
- Invacare Corporation. (U.S.)
- Medical Depot, Inc. (Canada)
- Stryker Corporation (U.S.)
- Arjo. (Sweden)
- Gendron Inc. (U.S.)
- GF Health Products, Inc. (U.S.)
- HARD Manufacturing Company, Inc. (U.S.)
- Umano Medical inc. (Canada)
- Transfer Master Products, Inc. (U.S.)
- American Medical Equipment. (U.S.)
- ProBed Medical Technologies (Canada)
- Amico Group of Companies. (U.S.)
- 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)
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