Medical Beds Market
Medical Beds Market Analysis By Product Type (Electric, Semi-Electric, Manual), By End User, By Application (Intensive Care Beds, Non-intensive Care Beds), By Usage (Acute Care Beds, Psychiatric Care Beds, Long-term Care Beds, Bariatric Beds), & By Region- Global Market Insight 2022 to 2032
Analysis of Medical Beds market covering 30 + countries including analysis of US, Canada, UK, Germany, France, Nordics, GCC countries, Japan, Korea and many more
Medical Beds Market Outlook (2022-2032)
The global medical beds market amassed a revenue share worth US$ 3.69 Billion in 2021. Fact.MR, a market research and competitive intelligence provider, has recently published a revised analysis, which estimates the market to rise at a CAGR of 3.7% and be valued at around US$ 5.5 Billion by 2032.
Even though the medical beds market accounts for less than 1% of the overall medical devices market, which was worth around US$ 430 Billion in 2021, demand for medical equipment is expected to rise steadily over the next ten years, boding well for market expansion.
Report Attribute |
Details |
---|---|
Anticipated Base Year Value (2021) |
US$ 3.69 Billion |
Expected Market Value (2022) |
US$ 3.82 Billion |
Projected Forecast Value (2032) |
US$ 5.5 Billion |
Global Growth Rate (2022-2032) |
3.7% CAGR |
Expected CAGR of U.S. Market (2032) |
4% |
Anticipated CAGR of Europe (2022-2032) |
5% |
Major Medical Beds Service Providers |
|
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Competitive landscape highlights only certain players
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Demand Analysis of Medical Beds (2017 to 2021) Vs Market Forecasts (2022 to 2032)
Demand for healthcare beds is expected to rise in the next ten years as focus on healthcare bolsters in various regions of the world. Healthcare infrastructure is changing rapidly across the globe and this can be attributed to increased technological proliferation in the industry coupled with rising need for healthcare services. The hospital beds market and surgical beds market is expected to be driven simultaneously through the aforementioned factors.
With medical beds being used in various institutions such as rehabilitation centers and elderly care centers. Use of medical beds in elderly care facilities is expected to see a steady rise as these facilities grow in number across the globe due to rising geriatric population.
Rehabilitative beds and specialized ICU beds have also seen a fair amount of increase in demand as more rehabilitation centers are being build and prevalence of chronic diseases is driving the sales of specialized ICU beds.
Number of surgeries has also increased over the years and subsequently the demand for surgical equipment has also risen. Demand for medical beds in home care settings is expected to be a popular trend in the global medical beds market place. The medical beds industry is predicted to advance at a CAGR of 3.7%.
Which are Some Prominent Drivers of Medical Beds Market?
Availability of different types of medical beds spurring market growth
Apart from regular medical beds, ICU Beds, etc., there are also some specialized beds for specific medical purposes.
- Maternity Beds
- MedSurg Beds
- Pediatric Beds
- Birthing Beds
- Pressure Relief Beds
Technologically advanced medical beds are being developed by all the largest hospital bed manufacturers in order to incorporate the smart technologies of the new digital world. Specialized and specific to a medical purpose medical devices are gaining traction in the recent times and this trend is being adopted in the medical beds industry as well. The innovation of specialized medical equipment is also a trend that is expected to be prevalent in the industry over the forecast period.
Demand for maternity beds which require the beds to be of a certain type has also increased as the birth rate in many nation has increased substantially over the past decade. The aforementioned factor is also simultaneously drives the demand for birthing beds. The demand for paediatric beds is expected to be majorly be dependent on prevalence of paediatric diseases and their conditions.
Prevalence of chronic diseases and prolonged illnesses influencing growth of hospital beds
The world has also seen a rise in mental health issues and some of the conditions require help from psychiatric institutions. Admission of individuals to these institutions has also increased over the years, and the same is expected to drive demand for psychiatric care beds over the decade.
Chronic and complex diseases have also driven the demand for surgical equipment as well as the demand for surgical procedures for treatment has increased. Sales of non-intensive care beds is expected to rise significantly over the course of next ten years owing to rise in popularity of homecare services. Sales of long-term care beds are expected to be driven by prolonged treatments of chronic diseases which require constant care even after treatments being successful.
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What are the Challenges Faced by the Medical Beds Market?
Standardized size of medical beds declining sales
Hospital beds are now being largely used in home or personal care settings. Although, the demand for beds has increased, the improper use of the same is declining the sales of medical beds. In addition, standardized sales of hospital beds cannot be suitable for everyone. This, in turn, is restraining the growth of the medical beds market.
Comparative View of Medical Beds Markets
Medical Beds Market :
Attributes |
Medical Beds Market |
CAGR (2022-2032) |
3.7% |
Market Value (2032) |
US$ 5.5 Billion |
Growth Factor |
Growing prevalence of chronic ailments is bolstering the demand for medical beds. |
Opportunity |
Technology advancements in development of medical beds is creating lucrative opportunities for the market. |
Medical Case Management Services Market :
Attributes |
Medical Case Management Services Market |
CAGR (2022-2032) |
8.7% |
Market Value (2032) |
US$ 3,300 Million |
Growth Factor |
Proliferation of technology is majorly changing the healthcare industry landscape. As the burden on healthcare infrastructure increases the demand for medical case management services market. |
Opportunity |
Manufacturers of medical case management solutions are investing in researching and integrating new effective solutions to provide maximum benefit to the end-users as well as creating a better medical case management ecosystem. |
Medical Flexible Packaging Market :
Attributes |
Medical Flexible Packaging Market |
CAGR (2022-2032) |
4.7% |
Market Value (2032) |
US$ 40.9 Billion |
Growth Factor |
The packaging presents reduced chances of contamination as the products can be sterilized along with the packaging. |
Opportunity |
Provision of price and product differentiation offered by medical flexible packaging, aids in the preservation of health and hygiene of medical devices. |
Which Regions are expected to be Lucrative Markets for Prime Medical Bed Suppliers?
This research details the global medical beds industry landscape across regions such as North America, Latin America, Europe, APAC, and MEA.
Europe is predicted to dominate the market in terms of overall market share. This could be attributed to rising incidence of chronic diseases in the region, resulting in more hospitalization.
North America is also anticipated to hold a significant amount of demand share for medical beds. Increasing healthcare spending potential and rising geriatric population are expected to be major drivers influencing demand in the region.
The APAC region is predicted to record noteworthy growth and is anticipated to be a very lucrative region for medical bed suppliers. Demand for medical beds in this region will be driven by developing healthcare infrastructure in emerging economies, rising geriatric population, and increasing demand for healthcare facilities.
Country-wise Analysis
Demand for Bariatric Beds Creating Lucrative Opportunities for Hospitals Beds in U.S?
Hospital Bed Manufacturers in USA See Good Sales over the Coming Years
The U.S. is expected to be a lucrative market for manufacturers of medical beds. The nation has seen a substantial rise in obesity over the past decade, which is expected to be followed through in this decade as well. Demand for bariatric hospital beds in the U.S. is expected to be noteworthy. Rising sales of bariatric beds are driving overall market growth in the country.
The nation has also seen a rise in the number of rehabilitation centers due to increasing instances of drug and opioid abuse. This is expected to drive demand for rehabilitative care beds in the U.S. Top hospital bed manufacturers can focus on the aforementioned trends in the nation and up their revenue potential.
High number of medical emergencies contributing to market growth in Canada
Canada is the second-most lucrative market for medical beds in the North American region. The nation is expected to see an increase in demand for medical beds citing the growing population as it accepts more and more people through its lucrative citizenship programs. High demand in Canada can also be attributed to rising number of medical emergencies and growing prevalence of chronic diseases.
Government Initiatives to Increase Medical Tourism Bolstering Demand for Medical Beds in Switzerland?
Healthcare packages boosting sales of medical beds
The increasing number of people visiting countries Switzerland for health related treatments is contributing to medical beds market. In addition, prevalence of chronic diseases amongst the geriatric population of the region is another factor driving the growth of the market.
Furthermore, initiatives by the government to increase medical tourism along with attractive medical insurance plans is expected to create lucrative opportunities for hospital beds in the region. Thus, Switzerland is expected to possess 40% market share for hospital beds in the forecast period 2022-2032.
Country-wise Forecast CAGRs for the Medical Beds Industry
Country |
CAGR |
U.S. |
4% |
Canada |
3% |
Switzerland |
5% |
Category-wise Analysis
Advanced Functionalities Increasing Adoption of Semi-electric Medical Beds?
Cost-effective nature of semi electric bed influencing market growth
Sales of electric medical beds hold dominance in the market, and they are and expected have a similar outlook over the next ten years. However, demand for semi-electric medical beds is expected to rise at the fastest CAGR through the forecast period, as they are more cost-effective and have some advanced functionalities as well.
Demand for manual medical beds is expected to see a drop by the end of the decade as electric beds gain increased popularity. Thus, semi electric beds are expected to gain 40% market share for medical beds market in the forecast period.
Market Competition
Leading companies in the medical beds market are investing in the research & development of new beds that would suit the changing needs of the healthcare industry.
- In February 2021, Stryker, a leading name in the medical device industry announced the launch of its new hospital bed. The new ProCuity bed series is a bed that is low-height and suitable for all environments. The new beds also have wireless connectivity and advanced fall protection to ensure the patient and caregiver safety alike.
- In February 2021, Hillrom announced plans to acquire a continuous monitoring technology from EarlySense. This technology would then be integrated with its Centrella Smart+ med-surg bed and strengthen its reliability and make it more advanced than before.
Key Segments Profiled in the Medical Beds Industry Survey
-
By Product Type :
- Electric Medical Beds
- Semi-Electric Medical Beds
- Manual Medical Beds
-
By End User :
- Hospitals
- ASCs
- Other Facilities
-
By Application :
- Intensive Care Beds
- Non-intensive Care Beds
-
By Usage :
- Acute Care Beds
- Psychiatric Care Beds
- Long-term Care Beds
- Bariatric Beds
- Others
-
By Region :
- North America
- Latin America
- Europe
- APEJ
- Japan
- Middle East & Africa
- FAQs -
What was the market worth for medical beds in 2021?
As of 2021, the medical beds market was worth US$ 3.69 Billion.
At what value is the medical beds industry likely to close by 2022?
Fact.MR foresees medical beds demand to reach US$ 3.82 Billion in 2022.
At what percentage will the market for medical beds rise until 2032?
From 2022-2032, Fact.MR expects medical beds revenue to flourish at a 3.7% CAGR.
What is the expected market value for medical beds in 2032?
In 2032, medical beds market worth is poised to reach US$ 5.5 Billion.
How do growth prospects for medical beds appear in the U.S.?
U.S. is expected to register 4% CAGR for medical beds market.
How do growth prospects for medical beds appear in the Canada?
Canada is expected to register 3% CAGR of medical beds in 2032.
What are the growth prospects for U.S., Canada and Switzerland?
China, U.S., and Australia will flourish at a CAGR of 12% combined until 2032.
Which type of product is expected to hold the maximum share for medical beds market?
Semi electric beds are expected to gain 40% market share for medical beds market in the forecast period.