Medical Beds Market is Segmented By Type (Electric Beds, Semi-Electric Bed, Manual Bed), By End-User( Hospitals, Elderly Care, Home Care, Others) and By Region (North America, Latin America, Europe, Asia Pacific, Middle East, and Africa) – Share, Size, Outlook, and Opportunity Analysis, 2023-2030
Medical Beds Market Overview
Global Medical Beds market to grow at a high CAGR during the forecast period 2023- 2030. The market is expected to grow due to increasing demand from Hospitals, Elderly Care, Home Care. The competitive rivalry intensifies with Stryker, Arjo., Transfer Master, and others operating in the market.
A medical bed is a bed that is specifically designed for hospitalized patients or others who require some form of health care. These beds have special features for the patient's comfort and well-being.
As per DataM Intelligence, Medical Beds Market study analysis offers an in-depth outlook on the market containing quantitative and qualitative data. It gives an outlook and forecast of the global market based on market segmentation. It also provides global Medical Beds Market size, and growth, along with the latest trends, opportunities, and forecast till 2029 for the global market with esteem to major countries such as the United States, Canada, Brazil, Germany, Italy, Spain, United Kingdom, Russia, European countries, United Arab Emirates, Saudi Arabia, South Africa, Japan, China, India, South Korea, Australia, and rest of the countries over the globe.
Among all regions, the North American region is expected to hold the largest share of the global market over the forecast period. Medical Beds Market in the United States and Canada produces the utmost share. Whereas the European Medical Beds Market is projected to continue its presence globally during the period of 2023- 2030.
Medical Beds Market Scope
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Metrics |
Details |
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Market CAGR |
High |
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Segments Covered |
By Type, By End-User, and By Region |
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Report Insights Covered |
Competitive Landscape Analysis, Company Profile Analysis, Market Size, Share, Growth, Demand, Recent Developments, Mergers and acquisitions, New Product Launches, Growth Strategies, Revenue Analysis, and Other key insights. |
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Fastest Growing Region |
Asia Pacific |
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Largest Market Share |
North America |
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Medical Beds Market Dynamics
The factors influencing the medical beds market growth are technological advancements and improving healthcare structure.
Technological advancements are expected to drive the medical beds market in the forecast period
Recent scientific achievements and technological advances have resulted in a massive display of new or updated medical devices, all of which are equipped with highly developed embedded-control functions and interactivity. Since the last decade of the twentieth century, medical beds have been particularly impacted by the surge. Based on a comprehensive, multidisciplinary design approach, smart medical beds are integrated solutions for patient care, assistance, and monitoring. Research in this field is critical in light of global ageing and a surge in opportunities for accessibility solutions. When seamlessly integrated into the healthcare system, smart beds have a unique opportunity to enable more efficient caregiver efforts and more responsive environments for patients.
In the case of automated electric devices like these, technological and contextual factors have resulted in significant changes in their appearance and expected functionality over this period while retaining the original features that guided the first exponents of this medical device. The hospital bed has evolved from a simple application to a highly networked appliance, a Class 2 medical device requiring significant electronic intelligence. The sophisticated processors in the new beds monitor patient status and control the bed's power-assisted functions, improving patient comfort and making it easier for healthcare professionals to manoeuvre the beds and their valuable cargo.
On October 19, 2020, Stryker launched ProCuity, the industry's first completely wireless hospital bed.ProCuity was created to reduce in-hospital patient falls at all acuity levels, improve nurse workflow and safety, and assist in lowering hospital costs.
Limitations of medical beds are expected to hamper the market growth
All hospital beds do not provide lateral rotational support to assist the patient in shifting and turning while lying in bed, thereby avoiding the complications described above. The inability to change positions can cause various health problems, including skin tissue breakdown, pressure sores, and infections that affect the internal organs. Caregivers must find a bed with an effective system that offers lateral rotation therapy and is preferably programmable to be adjusted to meet the patient's specific needs.
To improve comfort, a standard hospital bed fails to provide a full comfort level for those dealing with long-term immobility. This is especially true for those who require the help of a caregiver for basic movements. Improving overall comfort requires proper back support and head elevation. Especially in the lower lumbar region of the back, which houses the hips. Head elevation is frequently required to support additional pillows, which can vary depending on the user's needs and cause additional challenges.
COVID-19 Impact on Medical Beds Market
The surge of cases, which depleted hospital resources, was one of the major factors that implicated the COVID-19 deaths. Many resources were required to treat the critically ill patient with COVID-19, including an ICU bed with a full-featured ventilator, personal protective equipment, and adequate hospital staffing. The rapid increase in cases had overwhelmed available resources, potentially jeopardizing the ability to provide consistent, high-quality care, forcing physicians to prioritize treatment among critically ill patients. The Institute for Health Metrics and Evaluation (IHME) predicted ICU bed shortages in many countries, including the U.S, the United Kingdom, and France, before the peak of the first wave of the outbreak in April. On October 4, 2020, these countries had relatively high rates of COVID-19 deaths, with 207,366 in the United States, 42,317 in the United Kingdom, and 31,969 in France. The demand for medical/hospital beds was at a peak during COVID-19.
Medical Beds Market Segmentation Analysis
Electrical beds held the largest market share in the global medical beds market
The demand for electrical beds is increasing due to advancements in technology and the latest launches. For instance, a full electric hospital bed has specialized features for the patient's comfort and well-being and the convenience of health caregivers. The electric medical bed has motor controls that raise the head, foot, and height of the bed frame with the push of a button. Electrically adjustable beds help by offering a variety of sleeping positions based on the patient's condition. When the patients elevate their back or legs, it realigns vertebrae and adjusts the pressure on nerves and muscles.
On November 28, 2019, Xiaomi, the smartphone manufacturer, launched its very own smart bed. A button and a voice command control the Xiaomi 8HMilan Smart Electric Bed. These can cause the smart bed to rise to the user's desired angle slowly. It is advertised as capable of providing high-quality sleep at night, while the bed controls improve comfort and relaxation.
On October 23, 2017, Hill-Rom launched a new medical-surgical bed solution for hospitals that provides enhanced patient safety, improved patient satisfaction, and advanced caregiver-focused technology. The Centrella Smart+ bed is available in the United States and will be available in Canada in November. The Hill-Rom Centrella Smart+ bed system includes convenience features such as USB ports and mobile device storage, making access to these technologies safe and simple for patients.
Medical Beds Market Geographical Share
North America region accounted for the largest market share in the global medical beds market
The advanced healthcare facilities and increasing disease incidence in this region are expected to drive the market growth. In 2018, there were 5,534 registered hospitals in the United States. There were 4,840 nonfederal community hospitals in short-term general or speciality facilities. For decades, the non-profit hospital sector's share of total hospital capacity has remained relatively stable (around 70%).
Based on a 40% prevalence of COVID-19 throughout the pandemic, it was estimated that 98,876,254 people were infected, 20,598,725 require hospitalization, and 4,430,245 will require ICU-level care. In the United States, excess demand for hospital beds and intensive care unit beds peaked in the second week of April. Using a statistical model, the researchers predicted that at the peak of COVID-19, excess demand would be 64,175 total hospital beds and 17,309 ICU beds. Hence, with increased demand due to COVID-19, this region dominated the market growth.
Medical Beds Companies and Competitive Landscape
The global medical beds market is highly competitive with product launches, company mergers, and acquisitions.
Some of the key players in the global medical beds market are Hill-Rom Services, Inc., Invacare Corporation., Medical Depot, Inc., Stryker, Arjo., Gendron Inc., Gf Health Products, Inc., Umano Medical inc., Transfer Master and probed Medical Technologies Inc.
Stryker
Overview: The company provides cutting-edge products and services in Orthopaedics, Medical, and Surgical, Neurotechnology, and Spine to help patients and hospitals achieve better outcomes.
Product Portfolio: The company offers products such as GoBed II, ProCuity, and S3.
Key Development: On February 4, 2021, Stryker launched ProCuity, a completely wireless hospital bed. This bed series was created to aid in the reduction of in-hospital patient falls at all acuity levels and improve nurse workflow efficiencies and safety. It is capable of connecting to nurse call systems without the use of cables or wires.
