In the evolving landscape of healthcare, the global medical bed market is set to make significant strides, with projections indicating a robust growth trajectory. According to recent market analysis, demand for medical beds is poised to exceed USD 3,611.9 million by 2023, with expectations to reach USD 5,469.0 million by 2033, marking a steady CAGR of 4.2% during the forecast period.
One of the pivotal trends driving this growth is the increasing emphasis on environmental sustainability within the healthcare sector. Manufacturers of medical beds are at the forefront of this shift, actively exploring eco-friendly materials and sustainable design solutions. This strategic focus aligns with the growing preference of hospitals and healthcare institutions for products that support their broader sustainability objectives.
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Hybrid beds are likely to become common in the coming years. Hybrid medical beds combine classic characteristics with cutting-edge innovations such as built-in patient lifts. These beds are intended to make patient transfers within healthcare institutions more efficient. Hybrid beds improve safety and efficiency in healthcare settings by decreasing physical strain on both patients and caregivers during transfers.
In the global medical bed industry size, predictive maintenance is highly valued. Predictive maintenance system continuously analyzes the status of medical bed components. The technology can forecast when maintenance or repairs are required by evaluating sensor data. This proactive strategy cuts down on bed downtime, protects patient safety, and decreases disruptions in healthcare delivery.
Medical beds with biohazard precautions are being created in response to health catastrophes such as pandemics. Containment curtains and negative pressure devices are included in these beds to safeguard healthcare personnel and limit the spread of infectious illnesses. They give an extra layer of security in high-risk healthcare settings.
“Sustainability is paramount, with eco-friendly materials and designs becoming the norm. Regional firms are taking against global behemoths, and collaborations with healthcare institutions are pushing personalization. This surge indicates a future in which medical beds improve patient care and correspond with a more sustainable and patient-centered healthcare landscape,” says an FMI analyst.
Key Takeaways from the Medical Bed Market Report:
- In 2018, the global market size stood at USD 2,998.6 million.
- The market size expanded at a 3.6% CAGR from 2018 to 2022.
- In 2022, the global market size stood at USD 3,482.6 million.
- The intensive care application segment will thrive at a 4.4% CAGR through 2033.
- The electric beds segment will flourish at a 4.8% CAGR through 2033.
- The medical bed market in the United States will rise at a 3.8% CAGR through 2033.
- The medical bed market in India will thrive at a 5.4% CAGR through 2033.
- The medical bed market in China will flourish at a 6.1% CAGR through 2033.
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Competitive Landscape:
The medical bed market is undergoing a tremendous revolution, which is being driven by innovation, sustainability, and cooperation. Through IoT and AI, leading manufacturers are transforming hospital beds into smart, networked care hubs.
Manufacturers need to constantly enhance the features and functionality of beds to make them more accessible and inexpensive to healthcare practitioners. Moreover, emerging markets in Asia, Latin America, and Africa are expected to offer significant growth potential. The need for medical beds will grow as these regions’ healthcare infrastructure improves and their populations age.
Recent Developments Observed by FMI:
- In March 2023, the Middle East opened a prominent hospital in Tehran. The Mahdi Clinic Hospital includes 1,000 beds.
- Godrej & Boyce debuted Acura, a line of hospital beds, in January 2021 through its business subsidiary Godrej Interio.
Key Companies in the Medical Bed Market:
- Hill-Rom Holdings, Inc.
- Invacare Corporation
- Drive Medical
- Stryker Corporation
- ArjoHuntleigh
- Gendron Inc
- Graham Field Health Products, Inc.
- Hard Manufacturing Co
- Umano Medical
- Transfer Master
- American Medical Equipment (AME)
- ProBed Medical
- Getinge AB
- Paramount Bed Holdings
- Joerns Healthcare LLC
- Narang Medical
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Medical Bed Market Segmentation:
By Product:
- Acute Care Beds
- Long-term Care Beds
- Psychiatric Care Beds
- Maternity Beds
- Others
By Bed Type:
- Manual Beds
- Electric Beds
- Semi-electric Beds
By Usage:
- Intensive Care
- Non-intensive Care
By End-user:
- Hospitals
- Home Care Settings
- Rehabilitation Centers
- Others
By Region:
- North America
- Latin America
- Western Europe
- Eastern Europe
- Asia Pacific (APAC)
- The Middle East & Africa (MEA)
- Japan
About Future Market Insights (FMI)
Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
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