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Global Therapeutic Bed Market – Industry Trends and Forecast to 2031

Healthcare | Upcoming Report | May 2024 | Global | 350 Pages | No of Tables: 220 | No of Figures: 60

Report Description

Global Therapeutic Bed Market, By Product (Clinical, Household Beds, Accessories), Type (Regular Tubes, Reinforced/Armoured Tubes, Coated Tubes, Laser Resistant Tubes, Double Lumen Tubes, Others), Application (Acute Care Beds, Critical Care Beds, Long-term Beds), End User (Hospitals and Clinics, Reproductive Care Centers, Others) – Industry Trends and Forecast to 2031.


Therapeutic Bed Market Analysis and Size

In healthcare facilities, the therapeutic bed market serves a critical role in patient care and comfort. These beds are specifically designed to address various medical needs, including pressure ulcer prevention, pain management, and post-surgical recovery. Hospitals, clinics, and nursing homes rely on therapeutic beds to provide optimal support and positioning for patients with mobility limitations or chronic conditions. The market offers a diverse range of options, from basic adjustable beds to advanced models with features such as alternating pressure systems and integrated patient monitoring capabilities.

Global therapeutic bed market size was valued at USD 4.71 billion in 2023 and is projected to reach USD 7.35 billion by 2031, with a CAGR of 5.70% 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       

Report Metric

Details

Forecast Period

2024-2031

Base Year

2023

Historic Years

2022 (Customizable to 2016-2021)

Quantitative Units

Revenue in USD Billion, Volumes in Units, Pricing in USD

Segments Covered

Product (Clinical, Household Beds, Accessories), Type (Regular Tubes, Reinforced/Armoured Tubes, Coated Tubes, Laser Resistant Tubes, Double Lumen Tubes, Others), Application (Acute Care Beds, Critical Care Beds, Long-term Beds), End User (Hospitals and Clinics, Reproductive Care Centers, Others)

Countries Covered

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. (U.S.), Stryker (U.S.), Invacare Corporation (U.S.), Medline Industries (U.S.), GF Health Products, Inc (U.S.), Arjo (U.S.), Amico Group of Companies (U.S.), Bakare Beds Ltd. (U.K.), Gendron (U.K.) among others

Market Opportunities

  • Rising Incidence of Chronic Diseases Increases the Demand of Therapeutic Beds
  • High Demand for Therapeutic Beds Due to Growing Modernization of Healthcare Infrastructure

Market Definition

A therapeutic bed is designed to provide specific health benefits to the user while sleeping or resting. These beds often incorporate advanced features such as adjustable positions, massage functions, or specialized materials to alleviate discomfort, promote relaxation, and support overall well-being. They are commonly used in medical settings or by individuals seeking targeted solutions for sleep-related issues or physical ailments.

Therapeutic Bed Market Dynamics

Drivers                                                                                          

  • High Demand for Therapeutic Beds Due to Rise in Aging Population

As people age, they become more susceptible to health issues such as mobility limitations, chronic conditions, and pressure ulcers. Therapeutic beds cater to the specific needs of the elderly population by offering features such as pressure redistribution surfaces, adjustable positioning, and enhanced comfort, which are crucial for maintaining health and well-being. With a growing number of seniors requiring long-term care, the demand for therapeutic beds in healthcare facilities, nursing homes, and home care settings is on the rise. This demographic trend underscores the importance of investing in specialized beds that can support the unique healthcare needs of aging individuals, driving the growth of the global therapeutic bed market.

  • Rapid Technological Advancements Enhance the Features of Therapeutic Beds

Innovations such as pressure redistribution surfaces, adjustable firmness settings, and integrated monitoring systems improve the therapeutic benefits and usability of therapeutic beds. Advanced materials, such as memory foam and gel-infused layers, offer superior comfort and support, appealing to both healthcare providers and consumers. Moreover, developments in connectivity and smart technologies enable remote monitoring and customization of bed settings, catering to individual patient needs and preferences. These technological advancements drive market growth by enhancing patient outcomes, reducing the risk of complications, and improving overall healthcare efficiency.

Opportunities

  • Rising Incidence of Chronic Diseases Increases the Demand of Therapeutic Beds

Patients with chronic illnesses often experience mobility limitations, pressure ulcers, and discomfort, necessitating specialized bedding solutions for improved comfort and care. Therapeutic beds offer features such as pressure redistribution surfaces and customizable positioning options, addressing the unique needs of individuals with chronic conditions. Healthcare facilities and homecare providers increasingly invest in therapeutic beds to support patient recovery, alleviate symptoms, and prevent complications associated with chronic diseases. This trend underscores the crucial role of therapeutic beds in enhancing quality of life and promoting better health outcomes for patients facing long-term health challenges.

According to WHO, it account for 60% of global fatalities, with cardiovascular disorders alone causing 17.9 million deaths annually. This staggering statistic underscores the urgent need for effective management and care solutions, driving the demand for therapeutic beds tailored to alleviate symptoms, prevent complications, and improve the quality of life for individuals battling chronic illnesses.

  • High Demand for Therapeutic Beds Due to Growing Modernization of Healthcare Infrastructure

As countries invest in expanding and upgrading their healthcare facilities, there is a corresponding need for high-quality medical equipment, including therapeutic beds, to meet the demands of a growing patient population. Improved healthcare infrastructure in emerging markets increases the number of healthcare facilities. It enhances their capacity to provide advanced care, driving the adoption of therapeutic beds equipped with innovative features and technology. This trend fosters partnerships between healthcare providers and manufacturers to ensure the availability of reliable and efficient therapeutic bed solutions across diverse healthcare settings, from hospitals and clinics to rehabilitation centers and homecare environments.

Restraints/Challenges

  • High Cost Limits the Adoption of Therapeutic Beds

The affordability gap poses a challenge to market penetration, particularly in regions where healthcare resources are constrained. The reluctance of healthcare payers to fully reimburse the expenses associated with therapeutic beds further exacerbates the financial burden on both providers and patients, impeding widespread adoption and market growth. As a result, manufacturers face pressure to balance innovation with cost-effectiveness to address this key barrier to market expansion.

  • Limited Reimbursement Policies Hampers the Demand for Therapeutic Bed

Many healthcare payers have restrictions or inadequate coverage policies for therapeutic beds, resulting in higher out-of-pocket costs for patients or healthcare facilities. This limitation can deter investment in therapeutic beds, especially for individuals with limited financial resources or healthcare budgets. Without sufficient reimbursement, healthcare providers may be reluctant to prescribe or recommend therapeutic beds, impacting market demand and adoption rates.

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 2023, Serta Simmons Bedding, LLC (SSB) launched its innovative Serta Perfect Sleeper and Serta iComfortECOTM collections, designed to alleviate pressure for sleepers. These additions bolstered SSB's product range, catering to diverse comfort needs and enhancing sleep quality
  • In 2023, Spectra Red Light, under the Vasindux brand, launched groundbreaking red light therapeutic beds in the U.S. market. This introduction is poised to elevate demand for therapeutic sleep solutions in the U.S. and throughout North America, offering potential benefits for individuals seeking holistic wellness solutions
  • In 2020, Stryker revolutionized the healthcare industry with the global launch of ProCuity, the world's first fully wireless hospital bed. Engineered to mitigate in-hospital patient falls across all acuity levels, ProCuity also enhances nursing efficiency, safety, and operational cost savings, representing a significant advancement in patient care technology

Therapeutic Bed Market Scope

The market is segmented on the basis of product, type, application 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

  • Clinical
  • Household Beds
  • Accessories

Type

  • Regular Tubes
  • Reinforced/Armoured Tubes
  • Coated Tubes
  • Laser Resistant Tubes
  • Double Lumen Tubes
  • Others

Application

  • Acute Care Beds
  • Critical Care Beds
  • Long-term Beds

End User

  • Hospitals and Clinics
  • Reproductive Care Centers
  • Others

Therapeutic Bed Market Regional Analysis/Insights

The market is analysed and market size insights and trends are provided by product, type, application and end user as referenced above.

The countries covered in the 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 market due to its adoption of advanced technologies and robust infrastructure. The region's high prevalence of road accidents and surgical procedures further drives demand for innovative medical solutions. With established key players and a culture of embracing technological advancements, Europe remains at the forefront of introducing cutting-edge products and medical interventions, solidifying its leadership in the healthcare industry worldwide.

Asia-Pacific is expected to experience rapid growth in the market during the forecast period, primarily driven by a growing patient population, advancements in both public and private reimbursement systems, and continual enhancements in healthcare infrastructure. With a focus on expanding healthcare facilities and services, the region is primed to witness significant developments, catering to the evolving healthcare needs of its diverse population.

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 Therapeutic 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 market.

Some of the major players operating in the market are:

  • Hill Rom Services Inc. (U.S.)
  • Stryker (U.S.)
  • Invacare Corporation (U.S.)
  • Medline Industries (U.S.)
  • GF Health Products, Inc (U.S.)
  • Arjo (U.S.)
  • Amico Group of Companies (U.S.)
  • Bakare Beds Ltd. (U.K.)
  • Gendron (U.K.)


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