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 2031.
Medical Bed Market Analysis and Size
In hospitals, the application of the market is multifaceted and essential for patient care across diverse departments. These beds provide a supportive and comfortable environment for patients during treatment, recovery, and observation. Hospitals rely on medical beds to accommodate patients with varying medical needs, including those in critical care units, general wards, and post-operative settings. The beds often feature adjustable functionalities, such as height, incline, and side railings, catering to the specific requirements of patients and facilitating healthcare professionals in delivering personalized care.
The global medical bed market size was valued at USD 3.76 billion in 2023 and is projected to reach USD 6.02 billion by 2031, with a CAGR of 6.06% during the forecast period of 2024 to 2031. 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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2024-2031
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Base Year
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2023
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Historic Years
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2022 (Customizable to 2016-2021)
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Quantitative Units
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Revenue in USD Billion, Volumes in Units, Pricing in USD
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Segments Covered
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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)
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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), and Mobility Aids Sales and Services (India)
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Market Opportunities
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Market Definition
A medical bed is a specialized piece of equipment designed for patient care within healthcare facilities. These beds are engineered to provide comfort, safety, and support for patients during treatment, recovery, or prolonged stays. Medical beds often feature adjustable height, incline, and side railings, catering to the diverse needs of patients and facilitating healthcare professionals in delivering optimal care.
Medical Bed Market Dynamics
Drivers
- Growing Aging Population
With a growing number of elderly individuals require medical attention and long-term care which leads to the growth in the need for medical beds. These beds are essential for providing comfort, support, and safety for elderly patients in hospitals, nursing homes, and home healthcare settings. The rising prevalence of age-related conditions and chronic illnesses among older adults further amplifies the demand for medical beds equipped with features tailored to address their unique needs, such as pressure-relieving surfaces and mobility assistance.
- Increasing Technological Advancements
Innovations such as smart beds with integrated monitoring systems, adjustable features, and pressure-relieving surfaces enhance patient comfort, safety, and overall quality of care. These advancements cater to the evolving needs of healthcare facilities by offering solutions that streamline workflow efficiency and improve patient outcomes. Developments in materials science and engineering contribute to the design of lighter, more durable, and ergonomic medical beds, meeting the demands of modern healthcare settings. Hospital bed manufacturers increasingly prioritize advanced technology to optimize patient care which drives demand for technologically enhanced medical beds continues to rise.
Opportunities
- Increasing Healthcare Expenditure
As governments and private entities allocate more funds towards improving healthcare infrastructure and services, there's a heightened demand for medical beds across various healthcare settings. These investments aim to enhance patient care quality, safety, and accessibility, leading to the procurement of advanced medical beds equipped with innovative features and technologies. Additionally, rising healthcare spending facilitates the expansion of hospitals and healthcare facilities, creating opportunities for medical bed manufacturers to supply their products to newly established or upgraded healthcare institutions.
- Increasing Prevalence of Chronic Diseases
Patients with chronic illnesses often require long-term care and specialized medical equipment, including adjustable beds, pressure-relieving surfaces, and monitoring systems. Healthcare facilities must cater to the unique needs of these patients, leading to a higher demand for medical beds tailored to provide comfort, support, and therapeutic benefits.The demand for medical beds designed for long-term care and management is expected to grow, as the burden of chronic diseases continues to rise globally, which is driving market expansion and innovation in patient care solutions.
Restraints/Challenges
- High Initial Costs
Healthcare facilities, especially those with limited budgets, may find it challenging to afford the upfront investment required for purchasing advanced medical beds equipped with modern features and technology. These expenses include the initial acquisition cost of the beds and cover installation, training, and potential customization expenditures. The financial burden of acquiring such beds can lead to delays or reluctance to upgrade existing bed inventory or expand capacity, thereby impeding the market growth.
- High Availability of Alternatives
Alternative patient care solutions, such as home healthcare services, outpatient care, or non-institutional settings, provide viable options for managing certain medical conditions outside of traditional hospital environments. This reduces the demand for medical beds in hospitals and healthcare facilities, particularly for short-term stays or non-critical cases. Additionally, advancements in telemedicine and remote monitoring technologies enable healthcare providers to deliver care remotely, further diminishing the need for hospital beds.
This 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 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 Developments
- In March 2023, Tehran saw the launch of the Mahdi Clinic Hospital, the largest hospital in the Middle East, boasting 1,000 beds. This significant addition to Tehran's healthcare infrastructure marks a milestone, enhancing the region's capacity to cater to medical needs
- In March 2021, amidst the COVID-19 pandemic, Hill-Rom announced plans to double the production of critical care goods, including ICU and med-surg unit smart hospital beds. This proactive step aimed to meet the escalating demand for essential medical equipment, supporting healthcare systems worldwide in their response to the pandemic
- In January 2021, Godrej & Boyce launched the Acura range of hospital beds under its business unit, Godrej Interio. This launch expanded the company's portfolio, offering innovative solutions to healthcare facilities for enhanced patient care and comfort. The introduction of Acura reflects Godrej & Boyce's commitment to advancing healthcare infrastructure with quality products
Medical Bed Market Scope
The 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
Medical Bed Market Regional Analysis/Insights
The 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 market report are 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.
North America dominates the market due to substantial investments in research and development, supported by government initiatives. With ongoing enhancements in healthcare infrastructure, the region maintains a competitive advantage through consistent resource allocation and innovation, fueling projected market share and revenue expansion.
Asia-Pacific is expected to experience significant growth in the market due to heightened government investment in healthcare, coupled with advancements in technology. Governments are actively promoting initiatives to improve healthcare infrastructure, driving the demand for medical beds in the region. These factors collectively contribute to the projected high growth rate in the Asia-Pacific medical bed market.
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 such as 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 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 market, impact of technology using life line curves and changes in healthcare regulatory scenarios and their impact on the market. The data is available for historic period 2016-2021.
Competitive Landscape and Medical Bed Market Analysis
The 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 the market.
Some of the major players operating in the 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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