Medical Bed Market 2024-2033: Technological Advancements, Competitive Landscape and Strategies

Overview and Scope

A medical bed is a specialized piece of furniture designed for patients in healthcare settings. These beds are specifically engineered to provide comfort, support, and safety for individuals receiving medical care, whether in hospitals, clinics, or at home. Medical beds are equipped with various features and functionalities to address the specific needs of patients and healthcare providers.

Sizing and Forecast

The medical bed market size has grown strongly in recent years. It will grow from $3.82 billion in 2023 to $4.11 billion in 2024 at a compound annual growth rate (CAGR) of 7.7%. The growth in the historic period can be attributed to growing aging population, prevalence of chronic diseases, advancements in healthcare infrastructure, rising healthcare expenditure, bariatric patient care needs.

The medical bed market size is expected to see strong growth in the next few years. It will grow to $5.44 billion in 2028 at a compound annual growth rate (CAGR) of 7.3%. The growth in the forecast period can be attributed to focus on patient safety and comfort, global pandemic preparedness, increasing surgical procedures, demographic shifts, rising incidence of lifestyle-related diseases.. Major trends in the forecast period include technological advancements, medical tourism, regulatory standards and compliance, innovations in materials, telemedicine adoption, holistic patient care approach.

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Segmentation & Regional Insights

The medical bed market covered in this report is segmented –

1) By Type: Electric Medical Beds, Semi Electric Medical Beds, Mannual Medical Beds
2) By Usage: Intensive Care, Non-intensive Care
3) By End-user: Hospitals, Home Care Settings, Rehabilitation Centers, Other End-Users

North America was the largest region in the medical bed market in 2023. 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.

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Major Driver Impacting Market Growth

The rise in hospital admissions due to chronic diseases is expected to propel the growth of the medical bed market going forward. Various factors influence hospital admissions, including individual health, socio-economic factors, healthcare infrastructure, and public health measures. Medical beds are crucial in providing care and support to patients during hospital admissions. These beds enhance patient comfort, safety, and medical management. For instance, in September 2021, according to the Centers for Disease Control and Prevention, a US-based health agency, about 5.2% of emergency department visits made by adults with chronic conditions resulted in hospital admission, compared with 11.2% of visits made by those with one chronic condition, 18.3% of visits made by those with two, and 29.7% of visits made by those with three or more. The percentage of hospital admissions due to chronic diseases increased with age and the number of chronic conditions in the United States. Therefore, the rise in hospital admissions due to chronic diseases is driving the growth of the medical bed market.

Key Industry Players

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.

The medical bed market report table of contents includes:

1. Executive Summary
2. Medical Bed Market Characteristics
3. Medical Bed Market Trends And Strategies
4. Medical Bed Market – Macro Economic Scenario
5. Global Medical Bed Market Size and Growth
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32. Global Medical Bed Market Competitive Benchmarking
33. Global Medical Bed Market Competitive Dashboard
34. Key Mergers And Acquisitions In The Medical Bed Market
35. Medical Bed Market Future Outlook and Potential Analysis
36. Appendix

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