What are the Historical Developments and Current Growth Metrics of the Medical Bed Market?
The medical bed market has seen considerable growth due to a variety of factors.
• The medical bed market has experienced substantial growth in the past few years. The market value is projected to rise from $4.11 billion in 2024 to $4.42 billion in 2025, with a compound annual growth rate (CAGR) of 7.5%.
The significant growth during the historical period can be credited to factors such as an increase in the elderly population, pervasive chronic diseases, improvements in healthcare infrastructure, escalating healthcare costs, and the care needs of bariatric patients.
What Does Future Hold for The Medical Bed Market By 2029?
The medical bed market is expected to maintain its strong growth trajectory in upcoming years.
• In the forthcoming years, a sturdy expansion is anticipated in the medical bed market size. It is predicted to reach $5.84 billion by 2029, with a Compound Annual Growth Rate (CAGR) of 7.2%.
The projected growth during this period can be ascribed to factors such as an emphasis on patient safety and comfort, preparedness for global pandemics, a surge in surgical procedures, demographic changes, and an increasing prevalence of lifestyle-associated diseases. Key trends during this forecast period encompass technological progress, medical tourism, compliance with regulatory standards, material innovation, the implementation of telemedicine, and a comprehensive approach to patient care.
What Are The Primary Growth Drivers In The Medical Bed Market?
The medical bed market is predicted to experience growth as a result of an increase in hospital admissions due to chronic illnesses. A variety of factors, such as personal health, socio-economic factors, healthcare facilities, and public health initiatives, contribute to this rise in hospital admissions. These medical beds play a vital role in patient care, safety, and medical management during hospital stays. In 2023, UK's NHS Digital reported that the Finished Admission Episodes (FAEs) in England tallied at 17.6 million, marking a 7.1% increase from 2022-23. Furthermore, in April 2024, data from the UK-based national charity, Allergy UK indicated that allergies, the most prevalent chronic health issue reported in 2022, affected over 21 million individuals in the UK. Projections also suggest that by 2026, half of Europe's population will suffer from at least one allergy. Consequently, this surge in hospital admissions due to chronic diseases is fuelling the expansion of the medical bed market.
What Is The Segmentation Of The Global Medical Bed Market?
The medical bed market covered in this report is segmented –
1) By Type: Electric Medical Beds, Semi Electric Medical Beds, Manual Medical Beds
2) By Usage: Intensive Care, Non-intensive Care
3) By End-User: Hospitals, Home Care Settings, Rehabilitation Centers, Other End-Users
Subsegments:
1) By Electric Medical Beds: Full Electric Beds, Adjustable Electric Beds
2) By Semi Electric Medical Beds: Adjustable Head And Foot Sections, Manual Adjustment Options
3) By Manual Medical Beds: Fixed Manual Beds, Basic Adjustable Manual Beds
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How Are Emerging Trends Reshaping The Dynamics Of The Medical Bed Market?
Leading corporations in the medical bed industry are pioneering innovative products like intelligent connected beds to enhance patient care. These beds incorporate cutting-edge technology including AI-enabled sensors to track patient health, optimize the effectiveness of care, and bolster patient safety. Companies within this market are ceaselessly adapting to the growing need for practical healthcare systems. For example, in August 2022, Dozee, an Indian firm known for developing connected healthcare devices, collaborated with Midmark India, another Indian-based hospital bed manufacturer, to launch the Dozee Smart Connected Bed. This bed comes fitted with Dozee's AI-backed contactless sensor that monitors vital parameters such as heart rate, respiratory rate, body temperature, and oxygen saturation for early detection and prompt intervention. This intelligent bed can be integrated with the central command center and HMIS of a hospital, thereby enhancing overall patient care.
Who Are the Key Players In The Medical Bed Market?
Major companies operating in the medical bed market report are:
• Mediline Industries Inc.
• Stryker Corporation
• Getinge AB
• Arjo.
• Paramount Bed Holdings Co.
• Invacare Corporation
• Linet spol. s r.o.
• Favero Health Projects SpA
• Joerns Healthcare LLC
• Stiegelmeyer GmbH & Co. KG
• Amico Group of Companies.
• GF Health Products Inc.
• Umano Medical Inc.
• Merivaara
• Malvestio SpA
• Zhangjiagang Medi Medical Equipment
• Gendron Inc.
• American Medical Equipment.
• Antano Group srl
• Besco Medical
• Medical Depot Inc.
• Mobility Aids Sales and Services
• ProBed Medical Technologies
• Transfer Master Products Inc.
• Anyang Top Medical Devices Co. Ltd.
What Are The Regional Insights Into The Medical Bed Market?
North America was the largest region in the medical bed market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the medical bed market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
