Market Overview
The
global medical bed market is estimated to reach a
market value of USD 4.0 billion in 2024, while it is further projected to grow to a market
value of USD 7.0 billion in 2033 at a
CAGR of 6.2%.
The Global Medical Bed Market encompasses the composite of components that include the development, manufacturing, and supply of the numerous forms of medical institution beds utilized in exceptional healthcare facilities globally. These beds are utilized in hospitals, long-term care facilities, home healthcare, and forte care, ensuring patient support, consolation, and protection all through medical treatment and via the healing and rehabilitation period.
The marketplace covers a wide spectrum of bed types from sanatorium beds to lengthy-time period care beds, home care beds, maternity beds, and specialized beds which can be tailored to individual patient needs and preferences of the healthcare providers.
Key Takeaways
- Electronic beds are anticipated to dominate the global medical bed market in the context of type as they hold 49.7% of the market share in 2024.
- Long-term care patients are the primary users of medical beds in the global medical bed market as they are projected to acquire the highest market share in 2024.
- Outpatient clinic is projected to dominate the global medical bed market in the context of application as they hold 74.9% of the market share in 2024.
- The Global Medical Bed Market size is estimated to have a value of USD 4.0 billion in 2024.
- The market is growing at a CAGR of 6.2% percent over the forecasted period.
Use Cases
- The majority of medical beds that are used in healthcare facilities are hospital beds and they are meant for acute care such as hospitals, emergency departments, and so forth.
- The long-time care beds (LTCBs) are intended to be used in nursing homes, assisted living facilities, rehabilitation centers, and long-term acute hospitals (LTACHs).
- Home care beds provide in-home care for patients who are critically ill or need any kind of medical assistance at home.
- Obstetrical beds are an anesthetic style of medical beds employed in labor units, maternity floors, and birthing departments for the benefit of pregnant women through the process of childbirth.
Market Dynamic
The increase in the aging population is considered as one of the reasons for a greater number of medical beds being used in long-term care facilities, nursing homes, and home healthcare, which consequently fuels the expansion of the global medical bed market. The emerging technology now helps make the bedding program better through features such as electronic controls and pressure relief gear, which make it safer and more comfortable for patients under care. The case of increasing home healthcare services also deals with buying the appropriate beds, including specialty and adjustable ones.
The Infrastructural development in the health sector of the emerging countries with the advancement of the facilities and technology, offers support to the bed manufacturing industries to enter into the global markets. The market for medical beds continues to grow due to extending the longevity of human lives, medical care improvement leads to a change in the medical beds, and innovation is needed to satisfy the latest needs of different patients located in different care settings.
Research Scope and Analysis
By Type
Electronic beds are anticipated to dominate the global medical bed market in the context of type as they hold 49.7% of the market share in 2024. Electronic beds are highly popular as they are adjustable, improving patients' comfort with the aid of permitting unique positioning. These beds are easy to navigate which gives caregivers a benefit from the ease of use, lowering pressure, and enhancing efficiency. Special features of these beds like safety capabilities like side rails and alarms mitigate risks, especially for inclined patients boosting its popularity in the global medical bed market.
Their versatility contains diverse clinical tactics and settings, supporting activities like transfers and treatment. With electronic controls, these beds adapt to according to the patient's requirements in hospitals, long-term care, and domestic environments, ensuring ultimate care transport and patient well-being.
By Usage
Long-term care patients are the primary users of medical beds in the global medical bed market as they are projected to acquire the highest market share in 2024. The dominance of the long-term care segment within the medical bed marketplace is fueled by the getting older populace and, the growing call for nursing homes and assisted residing centers. These centers require specialized beds to deal with the increasing number of patients with persistent illnesses, disabilities, and extended hospitalizations.
Regulatory standards pressure in various regions pushes the global medical bed market as they want products that are easy to assemble, sturdy, and have low infection probability.
This segment focuses on resident consolation and necessitates as they provide adjustable functions and strain-relieving surfaces. Investing in exceptional beds complements resident pleasure and draws extra occupants. Cost efficiency is finished via durable, flexible beds, optimizing resources, and streamlining workflow for personalized care in lengthy-time period care settings.
By Application
Outpatient clinic is projected to dominate the global medical bed market in the context of application as they hold 74.9% of the market share in 2024. The continued development of ambulatory care has brought a rise in demand for medical beds in outpatient clinics, mainly because of technological advancements, cost containment, and patient convenience. The clinics dedicate themselves to preventive care and minor health problems for which beds are needed for procedures such as endoscopy and infusion therapies.
Technology gives community clinics the possibility to conduct highly specialized procedures, therefore outpatient facilities should have advanced medical beds with adjustable features and monitoring systems. Investing in medical beds provides approaches that are cost-effective thus increasing the safety and comfort of the patients without the necessity of hospitalization. Flexible beds ensure the most efficient space utilization with the possibility to perform different procedures and treat various patient populations in outpatient settings.
The Medical Bed Market Report is segmented based on the following
By Type
- Electric Bed
- Semi Electric Bed
- Manual Bed
By Usage
- Long Term Care
- Acute Care
- Maternity
- Psychiatric Care
By Application
- Outpatient Clinics
- Medical Nursing Homes
- Medical Laboratory and Research
Regional Analysis
North America is projected to have substantial growth in the global medical bed market as it will
hold 38.2% of the market share in 2024. This region specifically the United States and Canada, fosters a well-developed healthcare infrastructure that offers long-term care and service facilities that push the growth of this market.
This region is seeing a rise in the ageing population which subsequently boosts the need for healthcare facilities for individuals with mobility impairment. Major companies in this region heavily invest in research and development to offer products with more features and services to the patients making them more popular and easier to use. In this region, few companies offer beds that are equipped with advanced features like electronic controls, pressure ulcer prevention systems, and integrated patient monitoring.
Additionally, North America has very strict regulatory standards for this market which help in ensuring the safety and quality of the beds. Major manufacturers in this region follow these rules and regulations to enhance consumer confidence in their product portfolio which pushes the growth of this market.
By Region
North America
Europe
- Germany
- The U.K.
- France
- Italy
- Russia
- Spain
- Benelux
- Nordic
- Rest of Europe
Asia-Pacific
- China
- Japan
- South Korea
- India
- ANZ
- ASEAN
- Rest of Asia-Pacific
Latin America
- Brazil
- Mexico
- Argentina
- Colombia
- Rest of Latin America
Middle East & Africa
- Saudi Arabia
- UAE
- South Africa
- Israel
- Egypt
- Rest of MEA
Competitive Landscape
The competitive landscape of the global medical bed market is highly versatile with the presence of various key figures and regional players who offer a wide range of products specifically designed for patients with specific medical needs. These industry leaders offer hospital beds, long-term care beds, and specialty beds that are equipped with various cutting-edge technologies that push the growth of the global medical bed market. These few are just examples of who are the main players in the medical bed industry.
The marketplace is diverse, as firms are vying for the same market share and developing new products in the fast-changing needs of healthcare providers and patients. The dynamics of competition within this market are affected by the factors of technological progress, regulations as well as the prevailing trends in the healthcare system.
Some of the prominent players in the Global Medical Bed Market are:
- Invacare Corporation.
- Hill-Rom Services Inc.
- Stryker Corporation
- Transfer Master Products, Inc.
- Umano Medical Inc.
- ProBed Medical Technologies
- American Medical Equipment.
- Getinge AB.
- HARD Manufacturing Company, Inc.
- GF Health Products, Inc.
- Amico Group of Companies.
- Other Key Players
Recent Development
- In January 2024, Apollo Hospitals plans to make investments Rs 3435 crore in increasing its bed ability, which includes a new 250-mattress clinic in Pune, aiming for over a thousand beds in Maharashtra.
- In August 2023, Dozee collaborated with Midmark India to introduce a connected mattress platform for non-ICU settings, the usage of Dozee's AI-powered contactless sensor to monitor vitals.
- In February 2023, GMG Medical Equipment, based in San Diego, is helping hospitals with the aid of presenting commercial-grade medical beds tailor-made for outpatient care.
- In February 2024, Aster DM Healthcare plans to make investments 102 Mn USD to add 1,500 beds across India, aiming for expansion in India.
- In January 2023, CIPACA plans to partner with 25 hospitals, adding 250 ICU beds, aiding rural healthcare, and generating employment, with prior success and future expansion.
Report Details
| Report Characteristics |
| Market Size (2024) |
USD 4.0 Bn |
| Forecast Value (2033) |
USD 7.0 Bn |
| CAGR (2023-2032) |
6.2% |
| Historical Data |
2018 – 2023 |
| Forecast Data |
2024 – 2033 |
| Base Year |
2023 |
| Estimate Year |
2024 |
| Report Coverage |
Market Revenue Estimation, Market Dynamics, Competitive Landscape, Growth Factors and etc. |
| Segments Covered |
By Type (Electric Bed, Semi Electric Bed, Manual Bed), By Usage(Long Term Care, Acute Care, Maternity, Psychiatric Care), By Application (Outpatient Clinics, Medical Nursing Homes, Medical Laboratory and Research) |
| Regional Coverage |
North America – The US and Canada; Europe – Germany, The UK, France, Russia, Spain, Italy, Benelux, Nordic, & Rest of Europe; Asia- Pacific– China, Japan, South Korea, India, ANZ, ASEAN, Rest of APAC; Latin America – Brazil, Mexico, Argentina, Colombia, Rest of Latin America; Middle East & Africa – Saudi Arabia, UAE, South Africa, Turkey, Egypt, Israel, & Rest of MEA
|
| Prominent Players |
Invacare Corporation., Hill-Rom Services Inc., Stryker Corporation, Transfer Master Products, Inc., Umano Medical Inc., ProBed Medical Technologies, American Medical Equipment., Getinge AB., HARD Manufacturing Company Inc., GF Health Products, Inc., Amico Group of Companies., and Other Key Players |
| Purchase Options |
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Frequently Asked Questions
The Global Medical Bed Market size is estimated to have a value of USD 4.0 billion in 2024 and is expected to reach USD 7.0 billion by the end of 2033.
North America has the largest market share for the Global Medical Bed Market with a share of about 38.2% in 2024.
Some of the major key players in the Global Medical Bed Market are Invacare Corporation., Hill-Rom Services Inc., Stryker Corporation, Transfer Master Products, Inc., Umano Medical Inc. and many others.
The market is growing at a CAGR of 6.2% percent over the forecasted period.