Medical Bed Market Poised for Sustainable Growth, Targeting US$ 5,469.0 Million by 2033 | Future Market Insights, Inc.

The rapid expansion of China's private healthcare industry has generated a significant demand for top-tier medical equipment, particularly specialized medical beds. Private hospitals and clinics are competing to attract patients by offering high-quality services and cutting-edge medical facilities. This surge in demand for advanced medical equipment underscores the growing importance of the private healthcare sector in China and its commitment to providing excellent patient care.

NEWARK, Del, Nov. 02, 2023 (GLOBE NEWSWIRE) -- The medical bed market is expected to reach a valuation of US$ 5,469.0 million by 2033, having surpassed US$ 3,611.9 million in 2023. From 2023 to 2033, the medical bed market share is anticipated to increase at a CAGR of 4.2%.

Environmental sustainability is becoming increasingly crucial in the healthcare sector. Manufacturers of medical beds are researching eco-friendly materials and sustainable design approaches. Hospitals and healthcare institutions are progressively looking for beds with a lower environmental effect aligned with larger sustainability aims.

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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 medical bed industry, 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,” opines Sabyasachi Ghosh, Associate Vice President at Future Market Insights (FMI).

Key Takeaways:

  • In 2018, the global market size stood at US$ 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 US$ 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.

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.

Medical Bed Market Report Coverage:

Medical Bed Market Size, 2022US$ 3,482.6 million
Medical Bed Market Size, 2023US$ 3,611.9 million
Medical Bed Market Size, 2033US$ 5,469.0 million
Value CAGR (2023 to 2033)4.2 % 

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.

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Key Players:

  • 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

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

Author By:

Sabyasachi Ghosh (Associate Vice President at Future Market Insights, Inc.) holds over 12 years of experience in the Healthcare, Medical Devices, and Pharmaceutical industries. His curious and analytical nature helped him shape his career as a researcher.

Identifying key challenges faced by clients and devising robust, hypothesis-based solutions to empower them with strategic decision-making capabilities come naturally to him. His primary expertise lies in areas such as Market Entry and Expansion Strategy, Feasibility Studies, Competitive Intelligence, and Strategic Transformation.

Holding a degree in Microbiology, Sabyasachi has authored numerous publications and has been cited in journals, including The Journal of mHealth, ITN Online, and Spinal Surgery News.

Explore Future Market Insights, Inc. Extensive Coverage in Healthcare Market Domain:

  • Portable Medical Devices Market Analysis: The global market is projected to expand at a CAGR of 10.7% during the forecast period. The market is estimated to generate market revenue of US$ 163.84 billion by 2033, increasing from US$ 59.28 billion in 2023.
  • Real-Time E-Healthcare System Market Sales:  The market is projected to record a CAGR of 6.9% during the forecast period, up from US$ 29 Billion in 2020 to reach a valuation of US$ 47 Billion by 2027.
  • Healthcare Interoperability Solutions Market Trends: The market is forecasted to expand at 14.5% CAGR to reach a market valuation of US$ 16.2 billion by the end of 2033, up from US$ 3.7 billion that was recorded for 2022.
  • Healthcare Regulatory Affairs Outsourcing Market Growth: The market is expected to grow at a CAGR of 11.3% during the forecast period. The market is valued at US$ 2 billion as of 2023, and by 2033, the market is expected to hit a valuation of US$ 5.8 billion.
  • Healthcare IT Outsourcing Market Revenue: The global market is expected to reach a valuation of US$ 52.877 billion in 2023. The healthcare industry have emerged as an effective way to reduce rising healthcare costs while meeting the growing demand for excellent care.

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 5000 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

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