Medical Beds Market Trends Report | Growth & Size 2027

The medical beds market size is projected to reach US$ 5,710.7 million by 2027 from US$ 3,580.52 million in 2018. It is expected to register a CAGR of 5.4% from 2019 to 2027.

Market Insights and Analyst View:

Medical beds have special attributes that provide the comfort and well-being to the patient. The medical beds consist of many types and can be adjusted to raise the foot end, head end, or middle as required.   As an important part of any healthcare facility, critical care medical beds and stretcher beds are structurally resistant to high stress and have different functions. Medical beds are defined as hospital beds that are used in hospitals, elderly care centers, nursing homes, and at-home, amongst others. These beds can be manual, semi-electric, and fully electric models.  Home care and elderly care beds are manually operated and are more secure than normal beds. Manual beds have a locking mechanism and can be moved easily because of the attached wheels. Increased prevalence of chronic diseases like cancer, cardiovascular disorders, and surgeries , amongst others has aided the global medical bed market at present and is expected to continue a similar trend during the forecast period.

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Medical Beds Market: Strategic Insights

Market Size Value in	US$ 3,580.52 million in 2018
Market Size Value by	US$ 5,710.7 million by 2027
Growth rate	CAGR of 5.4% from 2019 to 2027
Forecast Period	2019-2027
Base Year	2018

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Growth Drivers and Challenges:

The markets growth is attributed to key driving factors such as the rising geriatric population, increasing prevalence of chronic diseases such as diabetes & cancer, an increasing number of hospitals, increased government investments, and technological advancements in medical care facilities. Chronic diseases like cardiovascular disease, cancer, diabetes, and trauma cases are rising, increasing critical care medical beds, geriatric hospital beds, and the stretcher market. According to a report by the population division of the United Nations Department of Economic and Social Affairs, the senior population aged 60 or above grows at about 3 percent annually. In a similar manner, the number of people aged 80 or above is projected to triple by 2050. This population increase will boost the medical bed market growth during the forecast period. However, the high cost associated with intensive care hospital beds for bedridden patients and reduced average hospital stays will likely hamper the growth of medical beds during the forecast period.

Report Segmentation and Scope:

The “Global Medical Beds Market” is segmented based on usage, type, application, end-user, and geography. Based on usage, the medical beds market is segmented into acute care, long-term care, psychiatric care, bariatric care, and others. Based on type, the medical beds market is segmented into manual, semi-electric, and electric beds. Based on application, the medical beds market is bifurcated into intensive and non-intensive care. Based on end user, the market is segmented into hospitals, nursing homes, elderly care centers, and home care settings. The medical beds market based on geography is segmented into North America (the US, Canada, and Mexico), Europe (Germany, France, Italy, the UK, Spain, and Rest of Europe), Asia Pacific (Australia, China, Japan, India, South Korea, and Rest of Asia Pacific), the Middle East & Africa (South Africa, Saudi Arabia, the UAE, and Rest of the Middle East & Africa), and South & Central America (Brazil, Argentina, and Rest of South & Central America).

The report analyzes factors affecting the market from both the demand and supply side. Further, it evaluates market dynamics during the forecast period, i.e., drivers, restraints, opportunities, and future trends in the global medical beds market. The report also provides an exhaustive PEST analysis for all five regions: North America, Europe, Asia Pacific, the Middle East & Africa, and South & Central America, after evaluating political, economic, social, and technological factors affecting the market in these regions.

Segmental Analysis:

Based on usage, the medical beds market is segmented into acute care, long-term care, psychiatric care, bariatric care, and others. In 2017, the acute care medical beds segment held the largest market share owing to high demand from hospitals and the growing number of multi-specialty hospitals. The acute care beds assist patients during critical conditions such as trauma injuries, surgeries, labor pain management, and diagnosis of illness. The acute care segment is anticipated to witness substantial growth during the forecast period. Elderly care facilities and nursing home settings mostly purchase long-term care medical beds. The global long-term care medical beds market is growing at the second highest rate owing to the factors such as the growing geriatric population which further requires more long-term care beds to accommodate more patients.

Based on the type of medical care beds, the market is segmented into manual, semi-electric, and electric beds. Manual-type medical beds held the largest share in medical beds market in 2017 and is expected to follow a similar trend during the projected forecast. Manual medical beds are medical beds that use hand cranks to raise the head, foot, and height of the bed frame. There are a variety of bed positions to meet patient needs. These beds are cost-effective long-term care option. Electric medical beds market is estimated to grow at a CAGR of 6.2% during the forecast period ( 2019 to 2027). Semi-electrical and electrical medical beds are nearly similar as both require an electric motor to raise the head and foot sections of the bed.

Based on application medical beds market is bifurcated into intensive care and non-intensive care. In this segment, the market share of non-intensive care medical beds is more than the intensive-care . Non-intensive care beds held the largest share in 2018, contributing a market share of 64.9%. It is expected to retain its dominance during the forecast period.

Global medical beds Market by Product Type – 2018 and 2027

Regional Analysis: 

The report provides a detailed overview of the global medical beds market, including qualitative and quantitative information. It provides an overview and forecast of the global medical beds market from 2019 to 2027 concerning five major regions: North America, Europe, Asia-Pacific (APAC), the Middle East & Africa (MEA), and South & Central America. The medical beds market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally and the current trend and opportunities prevailing in the region.

The Asia Pacific medical beds market is expected to grow at the highest CAGR during the forecast period. This region accounted for over 27.22% of the global medical beds market in 2017, owing to the large population in emerging economies such as China and India. The increasing focus of private hospital players to expand hospital infrastructure, initiatives by the local authorities, and rising medical tourism are factors that may assist the Asia-Pacific intensive care beds market, which in turn will aid the growth of medical beds market. Additionally, factors such as the rising geriatric population in countries such as China, Japan, and India, the rise in the prevalence of chronic diseases such as cancer & diabetes, increased government investments, and technological advancements in medical devices are likely to assist the medical beds market. For instance, hospitals such as Fortis Memorial Research Institute in India, Ramkhamhaeng Hospital in Bangkok, Wooridul Spine Hospital in South Korea, and Apollo Hospital in India use hi-tech instruments which proves to be a breakthrough in the overall medical beds market.

Europe holds the largest market share among the five regions. The medical bed market in Germany is expected to grow at a CAGR of 4% during the forecast period owing to rising number of hospital beds manufacturers in the region. In addition, German medical device technology has set international standards for quality, safety, and reliability. Moreover, the German manufacturers and service providers in all health and life sciences segments attract foreign customers and partners and deliver leadership in healthcare innovation.

North America is expected to grow at a CAGR of 5% during the forecast period. The U.S. region held the largest share in North America medical beds market in 2018. The US FDA regulates hospital medical devices, equipment, and consumables. The increasing prevalence of chronic diseases, lifestyle diseases such as obesity, the rapid growth of the population of senior citizen, and longer hospital stay after critical surgery procedure majorly drives the growth of the medical bed market. Technological advancements in medical beds are expected to fuel the growth of the medical bed market in the U.S. Hospital bed manufacturers in the U.S. are coming up with advanced technology. For example, Hill-Rom launched a new Centrella model bed with EarlySense’s contact-free monitoring feature. This innovation will help physicians to monitor the patient’s heart and respiratory rate. Owing to the factors mentioned above, the medical beds market is likely to experience growth in the future years.

Industry Developments and Future Opportunities

Various initiatives taken by key players operating in the global medical beds market are listed below:

• In April 2023, Paramount Bed chose US Med-Equip (USME) the exclusive U.S. distributor of its medical equipment segment.

• In September 2022, Medline collaborated with Oklahoma-based Inspire Specialty Hospital, a 30-plus-bed long-term acute care hospital.
• In May 2019, Loier Oy acquired Lahti-based healthcare technology company Merivaara’s Hospital bed business for € 9 million.
• In August 2018, Stryker partnered with Ascom to integrate Ascom Unite software with Stryker’s iBed Wireless Smartbed system, that enabled the doctors to receive notifications regarding patients.
• In June 2018, Medline acquired Dufort et Lavigne Ltée, a Montreal-based medical supplies distributor, to extend its presence in Canada.
• In August 2017, LINET launched its new medical bed, Eleganza 5, in Brussels at the international congress ISICEM 2017.
• In February 2016, Stryker acquired Sage Products LLC. This acquisition not only boosted the sales but also helped Stryker expand its business in the healthcare domain.

Competitive Landscape and Key Companies:

The report covers key developments including organic and inorganic growth strategies. Medical/hospital bed companies focus on organic growth strategies such as product launches, approvals, patents, and events. Inorganic growth strategies witnessed in the market were acquisitions, partnerships & collaborations. These activities have paved the way for the expansion of business and the customer base of market players. Global medical bed manufacturing companies are anticipated to have lucrative growth opportunities.

Some of the prominent players operating in the global medical beds market include Stryker, Famed Żywiec, Medline Industries, Inc., Malvestio Spa, Invacare Corporation, Merivaara Corp., Paramount Bed Co. Ltd., Amico Group of companies, Linet spol. s. r. o., and Gendron Inc. These companies have a widespread presence in various countries, allowing them to serve a large set of customers and subsequently increase their medical bed market share.