Medical Bed Global Market Report 2024

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 observed in the historic period in the medical bed industry can be attributed to several factors, including the increasing aging population, a higher prevalence of chronic diseases, advancements in healthcare infrastructure, rising healthcare expenditure, and the specific care needs for bariatric patients. These factors collectively contributed to the demand for medical beds during that period.

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 anticipated growth in the forecast period in the medical bed industry can be attributed to several factors, including a heightened focus on patient safety and comfort, global pandemic preparedness efforts, an increase in surgical procedures, demographic shifts, and a rising incidence of lifestyle-related diseases. Major trends expected in the forecast period include technological advancements in medical beds, the growth of medical tourism, adherence to regulatory standards and compliance, innovations in materials used for medical beds, increased adoption of telemedicine, and a holistic approach to patient care. These trends are likely to shape the evolving landscape of the medical bed industry.

The growth of the medical bed market is anticipated due to the increasing hospital admissions related to chronic diseases. Multiple factors contribute to hospital admissions, encompassing individual health conditions, socio-economic variables, healthcare infrastructure, and public health interventions. Medical beds play a pivotal role in delivering care and assistance to patients during their hospital stays, enhancing comfort, safety, and medical management. According to data from the Centers for Disease Control and Prevention in September 2021, approximately 5.2% of emergency department visits by adults with chronic conditions resulted in hospital admission. This percentage increased with the number of chronic conditions, reaching 29.7% for those with three or more chronic conditions in the United States. Hence, the surge in hospital admissions linked to chronic diseases propels the growth of the medical bed market.

Key players in the medical bed market are introducing innovative products such as ProCuity to provide enhanced patient care. ProCuity is engineered to improve patient safety, streamline nurse workflows, and reduce in-hospital patient falls across various acuity levels. Stryker, a prominent US-based medical technology company, introduced ProCuity in February 2021 as the industry's first entirely wireless hospital bed. This intelligent bed seamlessly connects to nurse call systems without the need for cables or wires, contributing to improved safety and efficiency in healthcare settings. ProCuity is set at a low height of 29.2 cm (11.5 inches) and incorporates cutting-edge technologies to facilitate safe patient handling, further enhancing patient and caregiver experiences.

In December 2021, Baxter International Inc., a leading US-based healthcare company, acquired Hillrom for $12.5 billion. This acquisition is poised to have a significant impact on various stakeholders, including patients, clinicians, employees, shareholders, and global communities served. The move is expected to extend Baxter's adjusted EBITDA margins in the medium term. Hill-Rom Holdings Inc., the acquired company, is a US-based medical device firm offering a diverse range of medical beds designed to provide comfort, safety, and support to patients in healthcare environments.

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.

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. The countries covered in the medical bed market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

The medical bed market consists of sales of bariatric bed, intensive care unit (ICU) bed, pediatric bed, home care bed, crib bed, and air fluidized bed. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

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

The primary types of medical beds include electric medical beds, semi-electric medical beds, and manual medical beds. Electric medical beds are powered by electricity and can be adjusted to various positions to offer comfort and support to patients. They find application in both intensive care and non-intensive care settings, such as hospitals, home care settings, and rehabilitation centers.

The medical bed market research report is one of a series of new reports that provides medical bed market statistics, including medical bed industry global market size, regional shares, competitors with a medical bed market share, detailed medical bed market segments, market trends and opportunities, and any further data you may need to thrive in the medical bed industry. This medical bed market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.


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