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Global Medical Beds Market Share, Size, Analysis, Growth, Trends, Forecast: By Type: Electric Beds, Semi-Electric Beds, Manual Beds; By Application: Intensive Care, Non-Intensive Care; By End Use: Hospitals, Ambulatory Surgery Centres (ASCs), Home Care Facility, Others; Regional Analysis; Market Dynamics; Competitive Landscape; 2023-2031
Global Medical Bed Market Outlook
The global medical beds market size attained a value of about USD 3.27 billion in 2022. The market is estimated to grow further at a CAGR of 5.16% during the forecast period of 2023-2031 to reach about USD 5.15 billion by 2031.
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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
| REPORT FEATURES | DETAILS |
|---|---|
| Base Year | 2022 |
| Historical Period | 2016-2022 |
| Forecast Period | 2023-2031 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
|
| Breakup by Type |
|
| Breakup by Application |
|
| Breakup by End User |
|
| Breakup by Region |
|
| Market Dynamics |
|
| Supplier Landscape |
|
| Companies Covered |
|
*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.
1 Preface
1.1 Objectives of the Study
1.2 Key Assumptions
1.3 Report Coverage – Key Segmentation and Scope
1.4 Research Methodology
2 Executive Summary
3 Global Medical Beds Market Overview
3.1 Global Medical Beds Market Historical Value (2016-2022)
3.2 Global Medical Beds Market Forecast Value (2023-2031)
4 Global Medical Beds Market Landscape
4.1 Global Medical Beds Developers Landscape
4.1.1 Analysis by Year of Establishment
4.1.2 Analysis by Company Size
4.1.3 Analysis by Region
4.2 Global Medical Beds Product Landscape
4.2.1 Analysis by Type
4.2.2 Analysis by Applications
4.2.3 Analysis by End User
5 Global Medical Beds Market Dynamics
5.1 Market Drivers and Constraints
5.2 SWOT Analysis
5.3 Porter’s Five Forces Model
5.4 Key Demand Indicators
5.5 Key Price Indicators
5.6 Industry Events, Initiatives, and Trends
5.7 Value Chain Analysis
6 Global Medical Beds Market Segmentation
6.1 Global Medical Beds Market by Type
6.1.1 Market Overview
6.1.2 Electric Beds
6.1.3 Semi-Electric Beds
6.1.4 Manual Beds
6.2 Global Medical Beds Market by Application
6.2.1 Market Overview
6.2.2 Intensive Care
6.2.3 Non-Intensive Care
6.3 Global Medical Beds Market by End User
6.3.1 Market Overview
6.3.2 Hospitals
6.3.3 Ambulatory Surgery Centres (ASCs)
6.3.4 Home Care Facility
6.3.5 Others
6.4 Global Medical Beds Market by Region
6.4.1 Market Overview
6.4.2 North America
6.4.3 Europe
6.4.4 Asia Pacific
6.4.5 Latin America
6.4.6 Middle East and Africa
7 North America Medical Beds Market
7.1 Market Share by Country
7.2 United States of America
7.3 Canada
8 Europe Medical Beds Market
8.1 Market Share by Country
8.2 United Kingdom
8.3 Germany
8.4 France
8.5 Italy
8.6 Others
9 Asia Pacific Medical Beds Market
9.1 Market Share by Country
9.2 China
9.3 Japan
9.4 India
9.5 ASEAN
9.6 Australia
9.7 Others
10 Latin America Medical Beds Market
10.1 Market Share by Country
10.2 Brazil
10.3 Argentina
10.4 Mexico
10.5 Others
11 Middle East and Africa Medical Beds Market
11.1 Market Share by Country
11.2 Saudi Arabia
11.3 United Arab Emirates
11.4 Nigeria
11.5 South Africa
11.6 Others
12 Patent Analysis
12.1 Analysis by Type of Patent
12.2 Analysis by Publication year
12.3 Analysis by Issuing Authority
12.4 Analysis by Patent Age
12.5 Analysis by CPC Analysis
12.6 Analysis by Patent Valuation
12.7 Analysis by Key Players
13 Grants Analysis
13.1 Analysis by year
13.2 Analysis by Amount Awarded
13.3 Analysis by Issuing Authority
13.4 Analysis by Grant Application
13.5 Analysis by Funding Institute
13.6 Analysis by NIH Departments
13.7 Analysis by Recipient Organization
14 Funding Analysis
14.1 Analysis by Funding Instances
14.2 Analysis by Type of Funding
14.3 Analysis by Funding Amount
14.4 Analysis by Leading Players
14.5 Analysis by Leading Investors
14.6 Analysis by Geography
15 Partnership and Collaborations Analysis
15.1 Analysis by Partnership Instances
15.2 Analysis by Type of Partnership
15.3 Analysis by Leading Players
15.4 Analysis by Geography
16 Regulatory Framework
16.1 Regulatory Overview
16.1.1 US FDA
16.1.2 EU EMA
16.1.3 INDIA CDSCO
16.1.4 JAPAN PMDA
16.1.5 Others
17 Supplier Landscape
17.1 Stryker Corporation
17.1.1 Financial Analysis
17.1.2 Product Portfolio
17.1.3 Demographic Reach and Achievements
17.1.4 Mergers and Acquisitions
17.1.5 Certifications
17.2 Hill-Rom Holdings, Inc.
17.2.1 Financial Analysis
17.2.2 Product Portfolio
17.2.3 Demographic Reach and Achievements
17.2.4 Mergers and Acquisitions
17.2.5 Certifications
17.3 Invacare Corporation
17.3.1 Financial Analysis
17.3.2 Product Portfolio
17.3.3 Demographic Reach and Achievements
17.3.4 Mergers and Acquisitions
17.3.5 Certifications
17.4 Stiegelmeyer GmbH & Co. KG
17.4.1 Financial Analysis
17.4.2 Financial Portfolio
17.4.3 Demographic Reach and Achievements
17.4.4 Mergers and Acquisitions
17.4.5 Certifications
17.5 Antano Group srl
17.5.1 Financial Analysis
17.5.2 Product Portfolio
17.5.3 Demographic Reach and Achievements
17.5.4 Mergers and Acquisitions
17.5.5 Certifications
17.6 ProBed Medical Technologies
17.6.1 Financial Analysis
17.6.2 Product Portfolio
17.6.3 Demographic Reach and Achievements
17.6.4 Mergers and Acquisitions
17.6.5 Certifications
17.7 Medical Depot, Inc.
17.7.1 Financial Analysis
17.7.2 Product Portfolio
17.7.3 Demographic Reach and Achievements
17.7.4 Mergers and Acquisitions
17.7.5 Certifications
17.8 GF Health Products, Inc.
17.8.1 Financial Analysis
17.8.2 Product Portfolio
17.8.3 Demographic Reach and Achievements
17.8.4 Mergers and Acquisitions
17.8.5 Certifications
17.9 Umano Medical inc.
17.9.1 Financial Analysis
17.9.2 Product Portfolio
17.9.3 Demographic Reach and Achievements
17.9.4 Mergers and Acquisitions
17.9.5 Certifications
17.10 PARAMOUNT BED CO., LTD.
17.10.1 Financial Analysis
17.10.2 Product Portfolio
17.10.3 Demographic Reach and Achievements
17.10.4 Mergers and Acquisitions
17.10.5 Certifications
18 Global Medical Beds Market - Distribution Model (Additional Insight)
18.1 Overview
18.2 Potential Distributors
18.3 Key Parameters for Distribution Partner Assessment
19 Key Opinion Leaders (KOL) Insights (Additional Insight)
20 Company Competitiveness Analysis (Additional Insight)
20.1 Very Small Companies
20.2 Small Companies
20.3 Mid-Sized Companies
20.4 Large Companies
20.5 Very Large Companies
21 Payment Methods (Additional Insight)
21.1 Government Funded
21.2 Private Insurance
21.3 Out-of-Pocket
*Additional insights provided are customisable as per client requirements.
Key Questions Answered in the Report
In 2022, the global medical bed market attained a value of nearly USD 3.27 billion.
The market is projected to grow at a CAGR of 5.2 % between 2023 and 2031.
The market is estimated to witness a healthy growth in the forecast period of 2023-2031 to reach about USD 5.14 billion by 2031.
The market is being driven by the increasing prevalence of health-related issues, the rising geriatric population, and the growing demand for smart beds.
The industry is expected to be driven by the increasing healthcare quality, the development of innovative solutions to streamline healthcare processes, and the integration of artificial intelligence (AI) to optimise medical bed management and planning.
The major regions in the industry are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific.
The major types of medical bed in the industry are electric beds, semi-electric beds, and manual beds.
The significant end uses in the market are hospitals, ambulatory surgery centres (ASCs), and home care facility, among others.
The application segments of medical bed are intensive care and non-intensive care.
The major players in the industry are Stryker Corporation, Hill-Rom Holdings, Inc., Invacare Corporation, Stiegelmeyer GmbH & Co. KG, and Antano Group srl, among others.
Analyst Review
The global medical bed market attained a value of nearly USD 3.127 billion in 2022, driven by the increasing prevalence of health-related issues. Aided by the development of innovative solutions to streamline healthcare processes, the market is expected to witness a further growth in the forecast period of 2023-2031, growing at a CAGR of 5.16%. The market is projected to reach about USD 5.14 billion by 2031.
EMR’s meticulous research methodology delves deep into the market, covering the macro and micro aspects of the industry. Based on its types, the medical bed industry can be segmented into electric beds, semi-electric beds, and manual beds. On the basis of end uses, the industry is divided into hospitals, ambulatory surgery centres (ASCs), and home care facility, among others. By application, the market is bifurcated into intensive care and non-intensive care. The major regional markets for medical bed are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa. The key players in the above market include Stryker Corporation, Hill-Rom Holdings, Inc., Invacare Corporation, Stiegelmeyer GmbH & Co. KG, and Antano Group srl, among others.
EMR’s research methodology uses a combination of cutting-edge analytical tools and the expertise of their highly accomplished team, thus, providing their customers with market insights that are accurate, actionable, and help them remain ahead of their competition.
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