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Global Medical Bed Market: By Type: Electric Beds, Semi-Electric Beds, Manual Beds; By End Use: Hospitals, Ambulatory Surgery Centres (ASCs), Home Care Facility, Others; By Application; Regional Analysis; Historical Market and Forecast (2016-2026); Market Dynamics; Competitive Landscape; Industry Events and Developments
Global Medical Bed Market Outlook
The global medical bed market attained a value of about USD 2.96 billion in 2020. The market is further expected to grow in the forecast period of 2021-2026 at a CAGR of 5.16% to reach nearly USD 4.01 billion by 2026.
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.
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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: Industry Definition and 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.
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.
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
- Others
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.
| REPORT FEATURES | DETAILS |
|---|---|
| Base Year | 2020 |
| Historical Period | 2016-2020 |
| Forecast Period | 2021-2026 |
| Scope of the Report | Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment- Type, End Use, Application, Region |
| Breakup by Type | Electric Beds, Semi-Electric Beds, Manual Beds |
| Breakup by End Use | Hospitals, Ambulatory Surgery Centres (ASCs), Home Care Facility, Others |
| Breakup by Application | Intensive Care, Non-Intensive Care |
| Breakup by Region | North America, Europe, Asia Pacific, Latin America, Middle East and Africa |
| Market Dynamics | SWOT, Porter's Five Forces, EMR’s Key Indicators for Price and Demand |
| Competitive Landscape | Market Structure, Company Profiles- Company Overview, Product Portfolio, Demographic Reach and Achievements, Certifications |
| Companies Covered | Stryker Corporation, Hill-Rom Holdings, Inc., Invacare Corporation, Stiegelmeyer GmbH & Co. KG, Antano Group srl, Others |
| Report Price and Purchase Option | Explore our purchase options that are best suited to your resources and industry needs. |
| Delivery Format | Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option. |
*We at Expert Market Research always thrive to give you the latest information. The numbers in the article are only indicative and may be different from the actual report.
1 Preface
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Snapshot
6.1 Global
6.2 Regional
7 Industry Opportunities and Challenges
8 Global Medical Bed Market Analysis
8.1 Key Industry Highlights
8.2 Global Medical Bed Historical Market (2016-2020)
8.3 Global Medical Bed Market Forecast (2021-2026)
8.4 Global Medical Bed Market by Type
8.4.1 Electric Beds
8.4.1.1 Market Share
8.4.1.2 Historical Trend (2016-2020)
8.4.1.3 Forecast Trend (2021-2026)
8.4.2 Semi-Electric Beds
8.4.2.1 Market Share
8.4.2.2 Historical Trend (2016-2020)
8.4.2.3 Forecast Trend (2021-2026)
8.4.3 Manual Beds
8.4.3.1 Market Share
8.4.3.2 Historical Trend (2016-2020)
8.4.3.3 Forecast Trend (2021-2026)
8.5 Global Medical Bed Market by End Use
8.5.1 Hospitals
8.5.1.1 Market Share
8.5.1.2 Historical Trend (2016-2020)
8.5.1.3 Forecast Trend (2021-2026)
8.5.2 Ambulatory Surgery Centres (ASCs)
8.5.2.1 Market Share
8.5.2.2 Historical Trend (2016-2020)
8.5.2.3 Forecast Trend (2021-2026)
8.5.3 Home Care Facility
8.5.3.1 Market Share
8.5.3.2 Historical Trend (2016-2020)
8.5.3.3 Forecast Trend (2021-2026)
8.5.4 Others
8.6 Global Medical Bed Market by Application
8.6.1 Intensive Care
8.6.1.1 Market Share
8.6.1.2 Historical Trend (2016-2020)
8.6.1.3 Forecast Trend (2021-2026)
8.6.2 Non-Intensive Care
8.6.2.1 Market Share
8.6.2.2 Historical Trend (2016-2020)
8.6.2.3 Forecast Trend (2021-2026)
8.7 Global Medical Bed Market by Region
8.7.1 Market Share
8.7.1.1 North America
8.7.1.2 Europe
8.7.1.3 Asia Pacific
8.7.1.4 Latin America
8.7.1.5 Middle East and Africa
9 Regional Analysis
9.1 North America
9.1.1 Historical Trend (2016-2020)
9.1.2 Forecast Trend (2021-2026)
9.1.3 Breakup by Country
9.1.3.1 United States of America
9.1.3.2 Canada
9.2 Europe
9.2.1 Historical Trend (2016-2020)
9.2.2 Forecast Trend (2021-2026)
9.2.3 Breakup by Country
9.2.3.1 United Kingdom
9.2.3.2 Germany
9.2.3.3 France
9.2.3.4 Italy
9.2.3.5 Others
9.3 Asia Pacific
9.3.1 Historical Trend (2016-2020)
9.3.2 Forecast Trend (2021-2026)
9.3.3 Breakup by Country
9.3.3.1 China
9.3.3.2 Japan
9.3.3.3 India
9.3.3.4 ASEAN
9.3.3.5 Australia
9.3.3.6 Others
9.4 Latin America
9.4.1 Historical Trend (2016-2020)
9.4.2 Forecast Trend (2021-2026)
9.4.3 Breakup by Country
9.4.3.1 Brazil
9.4.3.2 Argentina
9.4.3.3 Mexico
9.4.3.4 Others
9.5 Middle East and Africa
9.5.1 Historical Trend (2016-2020)
9.5.2 Forecast Trend (2021-2026)
9.5.3 Breakup by Country
9.5.3.1 Saudi Arabia
9.5.3.2 United Arab Emirates
9.5.3.3 Nigeria
9.5.3.4 South Africa
9.5.3.5 Others
10 Market Dynamics
10.1 SWOT Analysis
10.1.1 Strengths
10.1.2 Weaknesses
10.1.3 Opportunities
10.1.4 Threats
10.2 Porter’s Five Forces Analysis
10.2.1 Supplier’s Power
10.2.2 Buyer’s Power
10.2.3 Threat of New Entrants
10.2.4 Degree of Rivalry
10.2.5 Threat of Substitutes
10.3 EMR’s Key Indicators for Demand
10.4 EMR’s Key Indicators for Price
11 Value Chain Analysis
12 Competitive Landscape
12.1 Market Structure
12.2 Company Profiles
12.2.1 Stryker Corporation
12.2.1.1 Company Overview
12.2.1.2 Product Portfolio
12.2.1.3 Demographic Reach and Achievements
12.2.1.4 Certifications
12.2.2 Hill-Rom Holdings, Inc.
12.2.2.1 Company Overview
12.2.2.2 Product Portfolio
12.2.2.3 Demographic Reach and Achievements
12.2.2.4 Certifications
12.2.3 Invacare Corporation
12.2.3.1 Company Overview
12.2.3.2 Product Portfolio
12.2.3.3 Demographic Reach and Achievements
12.2.3.4 Certifications
12.2.4 Stiegelmeyer GmbH & Co. KG
12.2.4.1 Company Overview
12.2.4.2 Product Portfolio
12.2.4.3 Demographic Reach and Achievements
12.2.4.4 Certifications
12.2.5 Antano Group srl
12.2.5.1 Company Overview
12.2.5.2 Product Portfolio
12.2.5.3 Demographic Reach and Achievements
12.2.5.4 Certifications
12.2.6 Others
13 Industry Events and Developments
List of Figures and Tables
1. Global Medical Bed Market: Key Industry Highlights, 2016 and 2026
2. Global Medical Bed Historical Market: Breakup by Type (USD Million), 2016-2020
3. Global Medical Bed Market Forecast: Breakup by Type (USD Million), 2021-2026
4. Global Medical Bed Historical Market: Breakup by End Use (USD Million), 2016-2020
5. Global Medical Bed Market Forecast: Breakup by End Use (USD Million), 2021-2026
6. Global Medical Bed Historical Market: Breakup by Application (USD Million), 2016-2020
7. Global Medical Bed Market Forecast: Breakup by Application (USD Million), 2021-2026
8. Global Medical Bed Historical Market: Breakup by Region (USD Million), 2016-2020
9. Global Medical Bed Market Forecast: Breakup by Region (USD Million), 2021-2026
10. North America Medical Bed Historical Market: Breakup by Country (USD Million), 2016-2020
11. North America Medical Bed Market Forecast: Breakup by Country (USD Million), 2021-2026
12. Europe Medical Bed Historical Market: Breakup by Country (USD Million), 2016-2020
13. Europe Medical Bed Market Forecast: Breakup by Country (USD Million), 2021-2026
14. Asia Pacific Medical Bed Historical Market: Breakup by Country (USD Million), 2016-2020
15. Asia Pacific Medical Bed Market Forecast: Breakup by Country (USD Million), 2021-2026
16. Latin America Medical Bed Historical Market: Breakup by Country (USD Million), 2016-2020
17. Latin America Medical Bed Market Forecast: Breakup by Country (USD Million), 2021-2026
18. Middle East and Africa Medical Bed Historical Market: Breakup by Country (USD Million), 2016-2020
19. Middle East and Africa Medical Bed Market Forecast: Breakup by Country (USD Million), 2021-2026
20. Global Medical Bed Market Structure
Key Questions Answered in the Report
In 2020, the global medical bed market attained a value of nearly USD 2.96 billion.
The market is projected to grow at a CAGR of 5.16% between 2021 and 2026.
The market is estimated to witness a healthy growth in the forecast period of 2021-2026 to reach about USD 4.01 billion by 2026.
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 2.96 billion in 2020, 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 2021-2026, growing at a CAGR of 5.16%. The market is projected to reach about USD 4.01 billion by 2026.
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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