Medical Beds Market
Medical Beds Market Size, Share Analysis By Product Type (Electric Medical Beds, Semi-Electric Medical Beds, Manual Medical Beds), By Application (Intensive Care Beds, Non-intensive Care Beds), By Usage (Acute Care Beds, Psychiatric Care Beds, Long-term Care Beds, Bariatric Beds) 2021-2031
The global medical beds market amassed revenue worth US$ 3.8 Bn in 2020. 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 Bn by 2031.
Even though the medical beds market accounts for less than 1% of the overall medical devices market, which was worth around US$ 430 Bn in 2020, demand for medical equipment is expected to rise steadily over the next ten years, boding well for market expansion.
|Global Market Value in 2020||US$ 3.8 Bn|
|Projected market Value for 2031||US$ 5.5 Bn|
|Market CAGR (2021-2031)||3.7%|
Demand Analysis of Medical Beds (2016 to 2020) Vs Market Forecasts (2021 to 2031)
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 the Different Kinds of Medical Beds Utilized in the Industry?
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.
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.
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.
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Will 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.
Why is Demand for Critical Care Beds in Canada Significant?
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.
Why is Demand for Semi-Electric Medical Beds Rising Rapidly?
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.
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COVID-19 Pandemic Impact Analysis
The COVID-19 pandemic of 2020 increased the need for hospitalization like never before. Demand for medical beds was immense, but due to disruptions in manufacturing and supply chains, demand was not fully met. Demand for intensive care beds saw an exponential rise during the pandemic era, which is expected to subside as the pandemic slows down and more of the population gets vaccinated.
Demand for critical care beds has exponentially increased as prevalence of chronic diseases rose over the past decade. The coronavirus outbreak of 2020 made critical care a matter of concern for healthcare officials across the globe. Demand for ICU beds peaked during the pandemic, and many shortcomings in healthcare infrastructure were realized.
Now, manufacturers are focusing on technological innovations in ICU beds that would overcome all the shortcomings that were observed. The pandemic put into perspective the whole healthcare infrastructure, and even the medical beds market saw its influence.
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.
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Medical Beds Industry Report Scope
|Historical Data Available for||2016-2020|
|Market Analysis||Units for Sales, US$ Mn for Value|
|Key Regions Covered||
|Key Countries Covered||
|Key Market Segments Covered||
|Key Companies Profiled||
|Pricing||Available upon Request|
Key Segments Covered in Medical Beds Industry Survey
By Product Type:
- Electric Medical Beds
- Semi-Electric Medical Beds
- Manual Medical Beds
By End User:
- Other Facilities
- Intensive Care Beds
- Non-intensive Care Beds
- Acute Care Beds
- Psychiatric Care Beds
- Long-term Care Beds
- Bariatric Beds
- FAQs -
US$ 3.8 Bn in sales revenue was generated from medical beds in 2020.
Increasing prevalence of chronic diseases that require special care, rising geriatric population, and demand from various institutions apart from hospitals are some major trends that are expected to be prevalent in the market.
By 2031, sales revenue from medical beds is anticipated to attain a valuation of neatly US$ 5.5 Bn.
The APAC market is slated to rise at the highest CAGR over the next ten years.
Demand for semi-electric medical beds is predicted to rise at a higher CAGR over the decade.
Analysts at Fact.MR have predicted the market for medical beds to evolve at a CAGR of 3.7% from 2021 to 2031.
Top manufacturers such as Stryker Corporation, Hill-Rom Holdings Inc., Getinge AB, Invacare Corporation, Amico Corporation, Medline Industries Inc., LINET spol. s r.o., Stiegelmeyer GmbH & Co. KG, Span-America Medical Systems Inc., and Merivaara Co
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