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Medical Bed Market Thrives on Growing Hospital Admissions Stemming from Chronic Diseases Emerges as a Core Driver of the Medical Bed Market in 2025
Medical Bed Market
What Is the Expected CAGR for the Medical Bed Market Through 2025?
The size of the medical bed market has seen a robust expansion in the recent past. It is projected to rise from $4.11 billion in 2024 to $4.42 billion in 2025, with a Compound Annual Growth Rate (CAGR) of 7.5%. This growth during the historical period can be credited to factors such as an increasing older population, the widespread occurrence of chronic diseases, improvements in healthcare infrastructure, increased healthcare spending, and the healthcare needs of bariatric patients.
What's the Projected Size of the Global Medical Bed Market by 2029?
The market size of medical beds is predicted to witness a significant expansion in the upcoming years, escalating to a high of $5.84 billion by 2029 with a Compound Annual Growth Rate (CAGR) standing at 7.2%. The projection for this growth within the forecast period is rooted in the emphasis on patient safety and convenience, readiness for global pandemics, an upsurge in surgical procedures, demographic changes, and a growing frequency of diseases related to lifestyle. Key trends in this time frame include the evolution of technology, the rise of medical tourism, adherence to regulatory standards, innovation in material design, the uptake of telemedicine, and a comprehensive patient care approach.
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Top Growth Drivers in the Medical Bed Industry: What's Accelerating the Market?
The escalating trend of hospital admissions brought about by chronic health conditions is projected to spur the expansion of the medical bed market. Factors contributing to hospital admissions include an individual's health status, socio-economic circumstances, the quality of healthcare facilities, and public health initiatives. Medical beds, which are key in delivering patient care during hospital stays, enhance comfort, safety, and medical management. As reported by NHS Digital, a public entity in the UK, there were 17.6 million Finished Admission Episodes (FAEs) in England recorded in 2023, representing a surge of 7.1% from 2022-23. In another report by Allergy UK, a national charity, in April 2024, over 21 million individuals in the UK were affected by allergies, becoming the most frequently reported chronic health condition in 2022. Predictions suggest that by 2026, half of Europe's population will suffer from at least one allergy. For these reasons, the increasing hospital admissions due to chronic illnesses is contributing to the growth of the medical bed market.
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What Trends Will Shape the Medical Bed Market Through 2029 and Beyond?
Leading corporations in the medical bed industry are inventing new and creative products, including smart connected beds, to better cater to patients' needs. These beds have innovative features like AI-enabled sensors to assess patient health, increase care effectiveness, and boost patient safety. Medical bed industry businesses are relentlessly inventing to meet the growing need for effective healthcare solutions. For example, in August 2022, Dozee, a health device manufacturer from India, collaborated with Midmark India, a local hospital bed producer, to release the Dozee Smart Connected Bed. This bed features Dozee's AI-driven contactless sensor, which tracks vital signs like heart rate, respiratory rate, temperature, and oxygen saturation, offering a proactive alert system for early intervention. The smart bed can seamlessly sync with a hospital's main command center and HMIS, enhancing patient care.
What Are the Main 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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Which Top Companies are Driving Growth in the Medical Bed Market?
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.
Which Regions Will Dominate the Medical Bed Market Through 2029?
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.
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