Global Medical Bed Market Report and Forecast 2024-2032

Global Medical Bed Market Outlook

The global medical beds market size attained a value of about USD 3.44 billion in 2023. The market is estimated to grow further at a CAGR of 5.2% during the forecast period of 2024-2032 to reach about USD 5.41 billion by 2032.

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Rising Prevalence of Health-Related Issues Augmenting the Market Growth of Medical Bed

The growing prevalence of health-related issues such as cancer, pneumonia, and chronic obstructive pulmonary diseases, among others, is leading to a surge in demand for medical beds, thus driving the market growth. The trend is also being escalated due to the growing geriatric population, especially in Europe, who are more prone to serious illnesses requiring intensive and hospital care. As it is crucial for hospitals to enhance their spare bed capacity for emergencies while accommodating the maximum number of patients, the demand for medical beds is surging.

Technological advancements and innovations are leading to the development of specialised medical beds for different sets of patients, which is fuelling the market growth. This is also enhancing the durability, hygiene, and ease of use of medical beds to enhance patients’ experience. Additionally, the increasing deployment of smart beds to enable automation of functions, patient assistance, and advanced communication while providing enhanced functionality is significantly contributing to the market growth. The rising demand for smart beds in the residential sector, owing to the growing trend of home healthcare in countries such as the United States, Germany, and the United Kingdom, among others, is anticipated to aid the market growth in upcoming years.

Medical Bed: Market Segmentation

A medical bed is a bed that is designed to provide optimal healthcare to patients. It enhances the comfortability and well-being of patients by including features like customisable height and head while enhancing the convenience of healthcare professionals. They are deployed in hospitals, speciality centres, and homes for efficient patient care.

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The major types of medical bed are:

• Electric Beds
• Semi-Electric Beds
• Manual Beds

The market can be broadly categorised on the basis of its end uses into:

• Hospitals
• Ambulatory Surgery Centres (ASCs)
• Home Care Facility
• Others

Based on application segments, the market is divided into:

• Intensive Care
• Non-Intensive Care

The EMR report looks into the regional markets of medical bed like North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

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Increasing Demand for Quality Care in the Healthcare Industry to Fuel the Growth of the Medical Bed Industry

As the healthcare industry is increasingly becoming more patient-oriented, hospitals and care facilities are leveraging comfortable and safe beds to enhance the quality of patient care, which is augmenting the market growth. The integration of technologies to enable patient monitoring and automated movement assistance in medical beds to boost the comfortability of patients is fuelling the market growth. Moreover, the growing demand for customised medical beds in accordance with the patients’ requirements is expected to drive the market growth.

The development of innovative solutions to streamline the assignment of medical beds for boosting quality care is significantly contributing to the market growth. As the COVID-19 pandemic overwhelmed the healthcare industry, the unavailability of adequate medical beds led to dire consequences. This is expected to increase the adoption of innovative solutions to enable the efficient utilisation of hospital resources. In addition, the integration of the latest technologies such as artificial intelligence (AI) to optimise medical bed management while predicting the availability of beds to enable efficient bed planning is projected to propel the market growth in the forecast period.

Key Industry Players in the Global Medical Bed Market

The report presents a detailed analysis of the following key players in the global medical bed market, looking into their capacity, market shares, and latest developments like capacity expansions, plant turnarounds, and mergers and acquisitions:

• Stryker Corporation
• Hill-Rom Holdings, Inc.
• Invacare Corporation
• Stiegelmeyer GmbH & Co. KG
• Antano Group srl
• ProBed Medical Technologies
• Medical Depot, Inc.
• GF Health Products, Inc.
• Umano Medical inc.
• PARAMOUNT BED CO., LTD.

The comprehensive report looks into the macro and micro aspects of the industry. The EMR report gives an in-depth insight into the market by providing a SWOT analysis as well as an analysis of Porter’s Five Forces model.

Key Highlights of the Report