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Medical Bed Market Size, Value, Overview & Opportunities
Medical Bed Market Size
As per the report, 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 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%.
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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.
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.
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
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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.
Contents of the report:
1. Executive Summary
2. Medical Bed Market Report Structure
3. Medical Bed Market Trends And Strategies
4. Medical Bed Market - Macro Economic Scenario
5. Medical Bed Market Size And Growth
…..
27. Medical Bed Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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