The Medical Beds Market to see digitized data collection at a CAGR of 5.8%

Worldwide revenue from the medical beds market was US$ 12.2 Bn in 2021, with the global market estimated to move ahead at a CAGR of 5.8% to reach a valuation of US$ 22.6 Bn by the end of 2032.

As assessed by Persistence Market Research, long-term care beds are expected to show growth at a CAGR of 6.5% over the forecast period. Overall, medical beds market sales account for approximately 52.5% revenue share of the global medical furniture market, which was valued at around US$ 23.17 Bn in 2021.

The global market for medical beds recorded a historic CAGR of 6.2% in the last 9 years from 2012 to 2021.

The medical beds market is a significant and growing segment of the healthcare industry, with a wide range of products available to meet the needs of patients and medical professionals. Medical beds are a type of specialized bed designed specifically for use in healthcare settings, such as hospitals, nursing homes, and home care environments. These beds are designed to provide comfort and support to patients, as well as to facilitate the delivery of medical care and treatment.

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Competitive Landscape
The global market for medical beds is fragmented and fiercely competitive. Market participants are concentrating on brand-new product introductions, product innovations, and geographic expansion.

For instance:

Stryker released Emergency Relief BedTM in April 2020 as a limited-edition medical bed to help with urgent requirements during the COVID-19 pandemic.
Graham Field Health Products, Inc. stated in June 2020 that it has bought nearly all of Gendron, Inc.'s assets. With a focus on bariatric beds, mobility, seating, transfers, and transport for acute care, rehabilitation, home care, and long-term care, Gendron is one of the top designers and makers of mobile patient management in the USA.

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Key Companies Profiled

Hill-Rom Holdings, Inc.
Invacare Corporation
Drive Medical
Stryker Corporation
ArjoHuntleigh
Gendron Inc
Graham Field Health Products, Inc.
Hard Manufacturing Co
Umano Medical
Transfer Master
American Medical Equipment (AME)
ProBed Medical
Getinge AB
Paramount Bed Holdings
Joerns Healthcare LLC
Narang Medical

Key Segments of Medical Beds Industry Research

By Product:

Acute Care Beds
Long-term Care Beds
Psychiatric Care Beds
Maternity Beds
Others

By Bed:

Manual Beds
Electric Beds
Semi-electric Beds

By Usage:

Intensive Care
Non-Intensive Care

By End User:

Hospitals
Home Care Settings
Rehabilitation Centers
Others

By Region:

North America
Latin America
Europe
South Asia
East Asia
Oceania
Middle East & Africa

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Persistence Market Research is a U.S.-based full-service market intelligence firm specializing in syndicated research, custom research, and consulting services. Persistence Market Research boasts market research expertise across the Healthcare, Chemicals and Materials, Technology and Media, Energy and Mining, Food and Beverages, Semiconductor and Electronics, Consumer Goods, and Shipping and Transportation industries. The company draws from its multi-disciplinary capabilities and high-pedigree team of analysts to share data that precisely corresponds to clients' business needs.

This release was published on openPR.