The global medical bed market size is anticipated to expand at a CAGR of 6.1% and is projected to reach USD 5.27 billion during the forecast period, between 2021 and 2028. The growth in the healthcare industry is propelling the global medical bed market.
A medical bed, also known as a hospital bed or cot, is specially designed for hospitalized patients or some other healthcare need. These beds have special features such as adjustable height for the entire bed/head/feet, electronic buttons to operate both the bed & other nearby electronic devices, and adjustable side rails. Medical beds provide comfort to the patient and convenience for health care workers while handling. Medical beds provide effectiveness and support a total care program. Consumers with a wide range of medical issues such as spinal cord injuries, respiratory infections like pneumonia, and pressure ulcers (bedsores) can benefit from the medical bed.
Market Trends, Drivers, Restraints, and Opportunities:
- Rising government funding & investment to develop healthcare infrastructure is the factor boosting the market.
- Expansion of private hospitals increases the adoption of medical beds in private hospitals propelling the market.
- Increasing research to develop innovative ICU beds with cutting-edge features is fueling the market.
- High cost associated with specialty beds and continuous decline in the number of beds in hospitals is hindering the market.
- The rising trends of home care among consumers are creating opportunities in the market.
- Growing pediatric and geriatric populations suffering from serious diseases such as pneumonia and cancer. This increases the number of hospitalized patients requiring intensive care at home and in hospitals.
Scope of the report:
The report on the global medical bed market includes an assessment of the market, size, share, trends, segments, and regional markets. Overview and dynamics have been included in the report.
Attributes | Details |
Report Title | Medical Bed Market - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast |
Base Year | 2021 |
Historic Data | 2019–2020 |
Forecast Period | 2022–2029 |
Segmentation | Products (Acute Care Beds, MedSurg Beds, ICU Beds, Pediatric Beds, Birthing Beds, Long-term Care Beds, Psychiatric Care Beds, Bariatric Care Beds, and Others), Bed Types (Electric Beds, Semi-Electric Bed, and Manual Bed), Applications (Intensive Care and Non-Intensive), End-users (Hospitals, Home Care, and Elderly Care) |
Regional Scope | Asia Pacific, North America, Latin America, Europe, and Middle East & Africa |
Report Coverage | Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast |
Key Players Covered in the Report | GE Digital, IBM, Microsoft, Siemens, SAP, Oracle, ANSYS, Inc, Bosch Sicherheitssysteme GmbH, Swim Inc, Mevea Ltd, PTC, and Rescale, Inc. |
Medical Bed Market Segment Insights:
ICU beds segment estimated to grow in the near future
In terms of products, the global Medical Bed market is categorized as acute care beds, MedSurg beds, ICU beds, pediatric beds, birthing beds, long-term care beds, psychiatric care beds, bariatric care beds, and others. The ICU beds segment is expected to hold a significant share of the market during the forecast period, due to technological innovation to develop ICU beds. The advanced ICU beds are coming with highly advanced features such as weight-based pressure redistribution in any bed position, continuous lateral rotation therapy, electrical bed retraction, patient repositioning support, and benefits for caregivers while treating patients. These factors are anticipated to propel the segment in the near future.
Electrical beds segment is likely to hold a substantial market share in the coming years
On the basis of bed types, the global medical bed market is divided into electric beds, semi-electric beds, and manual beds. The large enterprise segment constituted a significant market share and is projected to expand at a rapid rate during the forecast period, due to growing obesity rate across the globe. Electrical beds are essential medical equipment in bariatric care and the increasing adoption of electric beds in home care and elderly care is expected to support the growth of the segment during the forecast period.
Intensive care segment to grow at a significant pace in the near future
Based on applications, the global Medical Bed market is fragmented into intensive care and non-Intensive. The intensive care segment is projected to expand at a significant CAGR during the forecast period, rising prevalence of life-threatening diseases such as asthma and diabetes. Several benefits offered by medical beds while treating patients in intensive care such as better comfort, safety, enhanced and effective risk management, design to support infection control, and user-friendly, which aids in the growth of the intensive care segment.
Hospital segment is likely to hold a substantial market share in the coming years
On the basis of end-users, the global Medical Bed market is segregated into hospital, home care, and elderly care. The hospital segment constituted a significant market share and is projected to expand at a rapid rate during the forecast period, due to growing number of accidents leading to fatal injuries. Increasing incidence of chronic disease raises the high inflow of patients necessitating surgery in hospitals is fueling the market. Moreover, hospital visiting is highly preferred by patients due to the availability of a large number of skilled medical professionals in hospitals, which is projected to expand the segment during the forecast period.
Asia Pacific estimated to account for significant market share
In terms of regions, the global Medical Bed market is split into North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa. North America constituted a significant share of the market in 2020, due to favorable policies imposed by government. The market in North America is projected to expand at a significant CAGR during the forecast period due to the growing population and presence of well-established infrastructure. Moreover, expanding the number of public hospitals to provide comfortable & cost-effective treatment to patients increases the number of medical bed installations in hospitals, which is anticipated to boost the market in North America.
Segments
Products
- Acute Care Beds
- MedSurg Beds
- ICU Beds
- Pediatric Beds
- Birthing Beds
- Long-term Care Beds
- Psychiatric Care Beds
- Bariatric Care Beds
- Others
Bed Types
- Electric Beds
- Semi-Electric Beds
- Manual Beds
Applications
- Intensive Care
- Non-Intensive
End-users
- Hospital
- Home Care
- Elderly Care
Regions
- North America
- Europe
- Latin America
- Asia Pacific
- Middle East & Africa
Key Players
- Hill-Rom Services, Inc
- Invacare Corporation
- Stryker
- Medline Industries, LP
- LINET
- Stiegelmeyer GmbH & Co. KG
- Span America
- Malvestio Spa
- Amico Group of Companies
- ANTANO GROUP
Competitive Landscape
Key players in the global Medical Bed market include Hill-Rom Services, Inc, Invacare Corporation, Stryker, Medline Industries, LP, LINET, Stiegelmeyer GmbH & Co. KG, Span America, Malvestio Spa, Amico Group of Companies, ANTANO GROUP. These players engage in mergers & acquisitions, collaborations, agreements, and partnerships to strengthen their geographical presence.