Medical Beds Market Strategies, Top Players, Growth Opportunities, Analysis and Forecast by 2031

The medical beds market size is projected to reach US$ 7,047.77 million by 2031 from US$ 4,640.68 million in 2023. The market is expected to register a CAGR of 6.7% during 2023–2031. The merging of telehealth solutions with medical beds is a significant trend in the medical bed market. Telehealth utilizes technology to facilitate remote patient monitoring and care.

Medical Beds Market Analysis

The medical bed market is booming due to the rise in chronic health conditions such as diabetes, cardiovascular diseases, and respiratory illnesses. These patients often require extended care, prolonged hospital stays, or home healthcare. Advanced medical beds are crucial for managing these conditions and preventing complications. The integration of telehealth solutions with medical beds provides unique medical devices and care. This technology enhances patient care, enables timely interventions, and allows providers to efficiently manage multiple patients, improving the productivity and efficiency of care delivery.

Medical Beds Market Overview

Medical beds have unique attributes that provide comfort and well-being to the patient. The medical beds consist of many types and can be adjusted to raise the foot end, head end, or middle as required. As an essential part of any healthcare facility, critical care medical beds and stretcher beds are structurally resistant to high stress and have different functions. Medical beds are defined as hospital beds that are used in hospitals, elderly care centers, nursing homes, and at-home, amongst others. These beds can be manual, semi-electric, and fully electric models. Home care and elderly care beds are manually operated and are more secure than regular beds. Manual beds have a locking mechanism and can be moved easily because of the attached wheels. Increased prevalence of chronic diseases like cancer, cardiovascular disorders, and surgeries, amongst others has aided the global medical bed market at present and is expected to continue a similar trend during the forecast period.

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Medical Beds Market: Strategic Insights

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Medical Beds Market Drivers and Opportunities

Rise in Home Healthcare

The increasing trend towards home healthcare drives the medical bed market, as patients, particularly the elderly and those with chronic diseases, choose to receive care in their homes. This shift has increased demand for compact, user-friendly beds that blend seamlessly into residential settings. Home healthcare can also significantly lower healthcare costs, as hospital stays are expensive. As a result, both patients and healthcare systems are benefiting from the increased demand for medical beds designed for residential use.

Focus on Sustainability and Eco-Friendly

Environmental concerns and regulatory requirements drive the growing focus on eco-friendly medical beds. Manufacturers are exploring materials and production processes that minimize the environmental footprint of these beds. Eco-friendly beds may incorporate recyclable or biodegradable materials, energy-efficient designs, and environmentally responsible disposal options. These beds can reduce healthcare facilities' carbon footprint and promote responsible material sourcing and disposal, addressing environmental concerns and reducing healthcare facilities' carbon footprint.

Medical Beds Market Report Segmentation Analysis

Key segments that contributed to the derivation of the medical beds market analysis are usage, type, application, and end user.

Usage (Acute Care, Long-Term Care, Psychiatric & Bariatric Care, and Others), Type (Manual Beds, Semi-Electric Beds, and Electric Beds), Application (Intensive Care and Non- Intensive Care), and End User (Hospitals, Elderly Care Facilities, Nursing Homes and Home Care Settings)

• Based on usage, the medical beds market is segmented into Acute Care, Long-Term Care, Psychiatric & Bariatric Care, and Others.
• By type, the market is segmented manual beds, semi-electric beds, and electric beds.
• In terms of application, the market is bifurcated into intensive care and non- intensive care.
• Based on the end user, the market is segmented into hospitals, elderly care facilities, nursing homes, and home care settings.

Medical Beds Market Share Analysis by Geography

The geographic scope of the medical beds market report is mainly divided into five regions: North America, Asia Pacific, Europe, Middle East & Africa, and South & Central America.

Europe holds the largest market share among the five regions. In addition, German medical device technology has set international standards for quality, safety, and reliability. Moreover, the German manufacturers and service providers in all health and life sciences segments attract foreign customers and partners and deliver leadership in healthcare innovation.

The Asia Pacific region's medical beds market is expected to have the highest (CAGR) during the forecast period because of the substantial population in emerging economies like China and India. The increasing focus of private hospital players to expand hospital infrastructure, initiatives by the local authorities, and rising medical tourism are factors that may assist the Asia-Pacific intensive care beds market, which in turn will aid the growth of medical beds market. Additionally, factors such as the rising geriatric population in countries such as India, China, and Japan, the rise in the occurrence of chronic diseases, technological advancements, and increased government investments in medical devices are likely to assist the medical beds market.

The U.S. region held the largest share in North America medical beds market. The US FDA regulates hospital medical devices, equipment, and consumables. The growth of the medical bed market is mainly driven by the increasing occurrence of chronic diseases, lifestyle diseases like obesity, the rapid growth of the senior citizen population, and longer hospital stays after critical surgical procedures. Technological advancements in medical beds are expected to fuel the growth of the medical bed market in the U.S. Hospital bed manufacturers in the U.S. are coming up with advanced technology. For example, Hill-Rom launched a new Centrella model bed with EarlySense’s contact-free monitoring feature. This innovation will help physicians to monitor the patient’s heart and respiratory rate. Based on the factors mentioned, it is anticipated that the medical beds market will undergo growth in the upcoming years.

Medical Beds Market Regional Insights

The regional trends and factors influencing the Medical Beds Market throughout the forecast period have been thoroughly explained by the analysts at Insight Partners. This section also discusses Medical Beds Market segments and geography across North America, Europe, Asia Pacific, Middle East and Africa, and South and Central America.

Medical Beds Market Market Report Scope

Market Players Density: Understanding Its Impact on Business Dynamics

The Medical Beds Market market is growing rapidly, driven by increasing end-user demand due to factors such as evolving consumer preferences, technological advancements, and greater awareness of the product's benefits. As demand rises, businesses are expanding their offerings, innovating to meet consumer needs, and capitalizing on emerging trends, which further fuels market growth.

Market players density refers to the distribution of firms or companies operating within a particular market or industry. It indicates how many competitors (market players) are present in a given market space relative to its size or total market value.

Major Companies operating in the Medical Beds Market are:

1. Stryker Corp
2. Famed Zywiec Sp zoo
3. Medline Industries Inc
4. Malvestio Spa
5. Invacare Corp
6. Merivaara Corp

Disclaimer: The companies listed above are not ranked in any particular order.

Medical Beds Market News and Recent Developments

The medical beds market is evaluated by gathering qualitative and quantitative data post primary and secondary research, which includes important corporate publications, association data, and databases. A few of the developments in the medical beds market are listed below:

• Baxter announced today that it launched its new intensive care unit bed in the U.S. The Hillrom Progressa+ bed offers new technology and features that make it easier for nurses to care for patients while supporting recovery. Deerfield, Illinois-based Baxter acquired Hillrom and offerings like the Progressa+ ICU bed for $12.5 billion in December 2021. (Source: Baxter Healthcare Corp, Newsletter, Jun 2023)
• Joerns Healthcare, one of the most trusted brands in medical equipment and services developed specifically for the long-term care continuum, announced the launch of new 2024 models of their market-leading EasyCare® and UltraCare® beds. With enhanced clinical features designed to allow personalized resident care, improved caregiver features that simplify use, and new accessories that add to the value, these beds continue Joerns recognized leadership in the healthcare beds space. (Source: Joerns Healthcare, Newsletter, Jan 2024)

Medical Beds Market Report Coverage and Deliverables

The “Medical Beds Market Size and Forecast (2021–2031)” report provides a detailed analysis of the market covering below areas:

• Medical beds market size and forecast at global, regional, and country levels for all the key market segments covered under the scope
• Medical beds market trends as well as market dynamics such as drivers, restraints, and key opportunities
• Detailed PEST/Porter’s Five Forces and SWOT analysis
• Medical beds market analysis covering key market trends, global and regional framework, major players, regulations, and recent market developments
• Industry landscape and competition analysis covering market concentration, heat map analysis, prominent players, and recent developments for the medical beds market
• Detailed company profiles