Demand For Medical Beds Will Be Driven By Developing Healthcare Infrastructure In Emerging Economies

Market Snapshot

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.

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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.

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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

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Key Segments Covered in 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

Competitive Landscape

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.

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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