Press release
Global Medical Bed Market Outlook 2025-2034: Trends, Innovations, And Future Outlook
Medical Bed Market Size
What Is the Medical Bed Market Size and Projected Growth Rate?
The size of the medical bed market has experienced substantial growth in the recent past. The market is anticipated to expand from $4.11 billion in 2024 to $4.42 billion in 2025, witnessing a compound annual growth rate (CAGR) of 7.5%. This robust growth during the historical period can be credited to factors such as the increase in the aging population, the prevalence of chronic illnesses, improvements in healthcare infrastructure, escalating healthcare expenditure, and the need for care for bariatric patients.
In the coming years, the medical bed market is projected to experience significant growth, with a forecasted value of $5.84 billion in 2029 and a compound annual growth rate (CAGR) of 7.2%. This increase can be tied to a range of factors including patient safety and comfort considerations, global pandemic readiness, a rise in surgical procedures, demographic changes, and a growing occurrence of diseases related to lifestyle choices. Future trends set to influence this growth include advancements in technology, the rise in medical tourism, compliance with regulatory standards, material innovation, the adoption of telemedicine, and a holistic approach to patient care.
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What Are the Major Segments in the Medical Bed Market?
The medical bed market covered in this report is segmented -
1) By Type: Electric Medical Beds, Semi Electric Medical Beds, Manual Medical Beds
2) By Usage: Intensive Care, Non-intensive Care
3) By End-User: Hospitals, Home Care Settings, Rehabilitation Centers, Other End-Users
Subsegments:
1) By Electric Medical Beds: Full Electric Beds, Adjustable Electric Beds
2) By Semi Electric Medical Beds: Adjustable Head And Foot Sections, Manual Adjustment Options
3) By Manual Medical Beds: Fixed Manual Beds, Basic Adjustable Manual Beds
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What Are The Driving Medical Bed Market Evolution?
The medical bed market is predicted to expand due to an increase in hospital admissions related to chronic illnesses. Various aspects, such as personal health, socio-economic circumstances, healthcare facilities, and health policy initiatives, contribute to hospital admittance rates. Medical beds play a significant role in ensuring the comfort, safety, and effective management of patients during their hospital stay. As reported by NHS Digital in the UK, there was a 7.1% rise to 17.6 million Finished Admission Episodes (FAEs) in England in 2023. Further, in April 2024, Allergy UK, a national charity, revealed that over 21 million people in the UK suffer from allergies, cited as the most common chronic disease in 2022. It's forecasted that by 2026, half of Europe's population will have at least one allergy. Consequently, the increase in hospitalizations due to chronic illnesses is fueling the growth of the medical bed market.
Which Firms Dominate The Medical Bed Market Segments?
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.
What Trends Are Expected to Dominate the Medical Bed Market in the Next 5 Years?
Key players in the medical bed industry are focusing on the development of innovative items like smart connected beds to improve patient care. These smart beds utilize cutting-edge technologies, including AI-empowered sensors, to track patient health, bolster care efficiency, and ensure patient safety. Continuous innovation is a priority for medical bed market companies as they strive to fulfill the growing demand for effective healthcare solutions. An illustration of this is the Dozee Smart Connected Bed, launched in August 2022 by Dozee, an Indian connected health device manufacturer, in collaboration with Midmark India, a hospital bed producer also based in India. Equipped with Dozee's AI-powered contactless sensor, the bed monitors crucial parameters like heart rate, respiratory rate, temperature, and oxygen saturation, functioning as an early warning system for prompt intervention. Further, this smart bed can be integrated with a hospital's central command center and HMIS, thereby enhancing patient care.
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Which Is The Largest Region In The Medical Bed Market?
North America was the largest region in the medical bed market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the medical bed market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Frequently Asked Questions:
1. What Is the Market Size and Growth Rate of the Medical Bed Market?
2. What is the CAGR expected in the Medical Bed Market?
3. What Are the Key Innovations Transforming the Medical Bed Industry?
4. Which Region Is Leading the Medical Bed Market?
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