Medical Bed Global Market Size, Share Report, Trends Analysis, Leading Players Opportunities and Industry Forecast 2024-2033 | Stryker Corporation, Getinge AB, Gendron Inc., Merivaara , Malvestio SpA

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 in the historic period can be attributed to growing aging population, prevalence of chronic diseases, advancements in healthcare infrastructure, rising healthcare expenditure, bariatric patient care needs.

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 growth in the forecast period can be attributed to focus on patient safety and comfort, global pandemic preparedness, increasing surgical procedures, demographic shifts, rising incidence of lifestyle-related diseases.. Major trends in the forecast period include technological advancements, medical tourism, regulatory standards and compliance, innovations in materials, telemedicine adoption, holistic patient care approach.

Market Overview -
A medical bed is a specialized piece of furniture designed for patients in healthcare settings. These beds are specifically engineered to provide comfort, support, and safety for individuals receiving medical care, whether in hospitals, clinics, or at home. Medical beds are equipped with various features and functionalities to address the specific needs of patients and healthcare providers.

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Medical Bed Market Thrives on Growing Hospital Admissions Stemming from Chronic Diseases
The rise in hospital admissions due to chronic diseases is expected to propel the growth of the medical bed market going forward. Various factors influence hospital admissions, including individual health, socio-economic factors, healthcare infrastructure, and public health measures. Medical beds are crucial in providing care and support to patients during hospital admissions. These beds enhance patient comfort, safety, and medical management. For instance, in September 2021, according to the Centers for Disease Control and Prevention, a US-based health agency, about 5.2% of emergency department visits made by adults with chronic conditions resulted in hospital admission, compared with 11.2% of visits made by those with one chronic condition, 18.3% of visits made by those with two, and 29.7% of visits made by those with three or more. The percentage of hospital admissions due to chronic diseases increased with age and the number of chronic conditions in the United States. Therefore, the rise in hospital admissions due to chronic diseases is driving the growth of the medical bed market.

Competitive Landscape -
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.

Stryker's ProCuity Wireless Hospital Bed Enhancing Patient Safety and Workflow Efficiencies
Major companies operating in the medical bed market are developing innovative products, such as ProCuity, to serve patients better. ProCuity is designed to enhance patient safety, improve nurse workflow efficiencies, and help reduce in-hospital patient falls at all acuity levels. For instance, in February 2021, Stryker, a US-based medical technology company, launched the industry's first and only wholly wireless hospital bed, ProCuity. This intelligent bed reduces in-hospital patient falls, improves nurse workflow efficiencies and safety, and lowers hospital costs. It can connect seamlessly to nurse call systems without cables or wires. Stryker's ProCuity is a wireless hospital bed designed to enhance patient and caregiver safety, reduce in-hospital patient falls, and improve nurse workflow efficiencies and safety. The bed is set at a low height of 29.2 cm (11.5 inches) and is ergonomically designed with the latest technologies to promote safe patient handling.

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Key Segments -
The medical bed market covered in this report is segmented -
1) By Type: Electric Medical Beds, Semi Electric Medical Beds, Mannual Medical Beds
2) By Usage: Intensive Care, Non-intensive Care
3) By End-user: Hospitals, Home Care Settings, Rehabilitation Centers, Other End-Users

Key highlights covered in the report -
1. Detailed market size forecast and historical data analysis
2. Key drivers influencing market growth
3. Identification of upcoming trends and potential opportunities in the market
4. Analysis of major players strategies, to understand competitive dynamics and market positioning
5. Evaluation of regional dynamics

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