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
Market Size Value in US$ 3,580.52 million in 2018 Market Size Value by US$ 5,710.7 million by 2027 Growth rate CAGR of 5.4% from 2019 to 2027 Forecast Period 2019-2027 Base Year 2018
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Medical Beds Market: Strategic Insights
| Market Size Value in | US$ 3,580.52 million in 2018 |
| Market Size Value by | US$ 5,710.7 million by 2027 |
| Growth rate | CAGR of 5.4% from 2019 to 2027 |
| Forecast Period | 2019-2027 |
| Base Year | 2018 |
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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 Report Scope
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
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
Usage, Type, Application, and End User
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
This text is related
to country scope.
Frequently Asked Questions
Europe dominated the hospital gowns market.
Growing preference for home healthcare, particularly among the elderly and those with chronic conditions, thrives the medical beds market.
The medical bed market is expanding due to chronic health conditions, necessitating advanced beds and telehealth integration for remote patient monitoring and care delivery.
The medical bed market is witnessing a significant trend of integrating telehealth solutions with medical beds, enabling remote patient monitoring and care.
Stryker Corp
Famed Zywiec Sp zoo
Medline Industries Inc
Malvestio Spa
Invacare Corp
Merivaara Corp
Paramount Bed Co Ltd
Amico Group of Companies
Linet Group SE
Gendron Inc
Baxter Healthcare Corp
The global medical beds market is estimated to register a CAGR of 8.1 %.
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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