Medical Beds Market - Growth, Trends, COVID-19 Impact, and Forecasts (2021 - 2026)

The Medical Beds Market is Segmented by Type (Electric Medical Beds, Semi-Electric Medical Beds and Manual Medical Beds), by Usage, by Application, by End-User and Geography

Medical Beds Market Snapshot

medical beds market overview
Study Period: 2018 - 2026
Base Year: 2020
Fastest Growing Market: Asia Pacific
Largest Market: North America
CAGR: 5.8 %

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Market Overview

The Medical Beds Market is expected to register a CAGR of nearly 5.8% during the forecast period.

From the manually operated beds to the fully electric beds, medical beds ensure the patients comfort along with the advanced features. Moreover, the increased investments in hospital infrastructure by the healthcare providers coupled with the affordability of the patients around the world is anticipated to boost the market growth. The factors such as growing geriatric population and chronic diseases around the world are expected to fuel the market growth. Global medical beds market is anticipated to grow at CAGR about 5.8% over the forecast period.

Moreover, technological advantages, adoption of medical beds coupled with the growing number of hospitals is expected to boost the market growth over the forecast period. However, the high cost of medical beds and a decreasing number of beds in public hospitals anticipated to hamper the market growth.

Scope of the Report

Medical beds are the hospital equipments intended for bedridden patients or patients who need care. Medical beds allow better positioning of patients, ease the transfer and prevent the risk of falling out from the bed.

By Type
Electric Medical Beds
Semi-Electric Medical Beds
Manual Medical Beds
By Usage
Longterm Care
Acute Care
Maternity
Others
By Application
Non-Intesive Care
Intensive Care
By End-User
Hospitals
Homecare
Others
Geography
North America
United States
Canada
Mexico
Europe
Germany
United Kingdom
France
Italy
Spain
Rest of Europe
Asia-Pacific
China
Japan
India
Australia
South Korea
Rest of Asia-Pacific
Middle-East and Africa
GCC
South Africa
Rest of Middle-East and Africa
South America
Brazil
Argentina
Rest of South America

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Key Market Trends

Manual Beds Are Expected to Witness a Healthy Growth

Manual medical beds are the patient beds that use the manual cranks to adjust the bed for the patient comfort. Due to lack of risk of motor failure, lower cost and easy to use mechanisms manual medical beds are anticipated to boost the segment growth over the forecast period. The electric beds segment has anticipated to have a significant growth rate owing to the increased investments on hospital infrastructure and a growing number of organized hospitals around the world.

World Population ageng report estimates that percentage of geriatric population across the globe may increase to 16% of world population by 2050 which was around 89.3% in 2020. Moreover, growing geriatric population and lifestyle diseases that need the medical beds for the improved care and comfort is anticipated to boost the market growth over the forecast period.

Based on the end-user, homecare segment is anticipated to have significant market growth owing to the adoption of medical beds homecare settings, growing prevalence of diabetic patients around the globe.

Medical beds

North America Expected to have Significant Market Share

North America is expected to have significant market share over the forecast period. The market growth is attributed to well-established healthcare infrastructure, growing prevalence of diabetes and the presence of key market players. Furthermore, the growing prevalence of cancer and other chronic diseases in the region are anticipated to fuel the market growth. According to the National Institute for Health, there were 1,762,450 new cancer cases in the United States during 2019. The Asia-Pacific is anticipated to have notable market growth owing to developing healthcare infrastructure coupled with an increasing number of hospitals with advanced hospital supplies in the region. Moreover, the growing burden of the diseases in developing countries and the growing number of hospitalizations  are anticipated to boost the market growth furthermore.

Medical Beds Market

Competitive Landscape

Global medical beds market is fragmented and highly competitive. Market players are focusing on new product launches, product innovations and geographical expansion. The key market players operating in the market include Hill-Rom Services Inc., Stryker Corporation, Invacare Corporation, PARAMOUNT BED CO., LTD. and Medline Industries, Inc. among others.

Table of Contents

  1. 1. INTRODUCTION

    1. 1.1 Study Deliverables

    2. 1.2 Study Assumptions

    3. 1.3 Scope of the Study

  2. 2. RESEARCH METHODOLOGY

  3. 3. EXECUTIVE SUMMARY

  4. 4. MARKET DYNAMICS

    1. 4.1 Market Overview

    2. 4.2 Market Drivers

      1. 4.2.1 Increasing Geriatric Population Coupled With Rising Prevalence of Chronic Diseases

      2. 4.2.2 Technological Advancements in Medical Beds

    3. 4.3 Market Restraints

      1. 4.3.1 High Cost of Medical Beds

    4. 4.4 Porter's Five Force Analysis

      1. 4.4.1 Threat of New Entrants

      2. 4.4.2 Bargaining Power of Buyers/Consumers

      3. 4.4.3 Bargaining Power of Suppliers

      4. 4.4.4 Threat of Substitute Products

      5. 4.4.5 Intensity of Competitive Rivalry

  5. 5. MARKET SEGMENTATION

    1. 5.1 By Type

      1. 5.1.1 Electric Medical Beds

      2. 5.1.2 Semi-Electric Medical Beds

      3. 5.1.3 Manual Medical Beds

    2. 5.2 By Usage

      1. 5.2.1 Longterm Care

      2. 5.2.2 Acute Care

      3. 5.2.3 Maternity

      4. 5.2.4 Others

    3. 5.3 By Application

      1. 5.3.1 Non-Intesive Care

      2. 5.3.2 Intensive Care

    4. 5.4 By End-User

      1. 5.4.1 Hospitals

      2. 5.4.2 Homecare

      3. 5.4.3 Others

    5. 5.5 Geography

      1. 5.5.1 North America

        1. 5.5.1.1 United States

        2. 5.5.1.2 Canada

        3. 5.5.1.3 Mexico

      2. 5.5.2 Europe

        1. 5.5.2.1 Germany

        2. 5.5.2.2 United Kingdom

        3. 5.5.2.3 France

        4. 5.5.2.4 Italy

        5. 5.5.2.5 Spain

        6. 5.5.2.6 Rest of Europe

      3. 5.5.3 Asia-Pacific

        1. 5.5.3.1 China

        2. 5.5.3.2 Japan

        3. 5.5.3.3 India

        4. 5.5.3.4 Australia

        5. 5.5.3.5 South Korea

        6. 5.5.3.6 Rest of Asia-Pacific

      4. 5.5.4 Middle-East and Africa

        1. 5.5.4.1 GCC

        2. 5.5.4.2 South Africa

        3. 5.5.4.3 Rest of Middle-East and Africa

      5. 5.5.5 South America

        1. 5.5.5.1 Brazil

        2. 5.5.5.2 Argentina

        3. 5.5.5.3 Rest of South America

  6. 6. COMPETITIVE LANDSCAPE

    1. 6.1 Company Profiles

      1. 6.1.1 Hill-Rom Services Inc.

      2. 6.1.2 Stryker Corporation

      3. 6.1.3 Invacare Corporation

      4. 6.1.4 PARAMOUNT BED CO., LTD.

      5. 6.1.5 Medline Industries, Inc.

      6. 6.1.6 Joh. Stiegelmeyer GmbH & Co. KG

      7. 6.1.7 Gendron Inc.

      8. 6.1.8 ARJO

      9. 6.1.9 Joerns Healthcare LLC.

      10. 6.1.10 Linet

    2. *List Not Exhaustive
  7. 7. MARKET OPPORTUNITIES AND FUTURE TRENDS

**Competitive Landscape covers- Business Overview, Financials, Products and Strategies, and Recent Developments

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Frequently Asked Questions

The Medical Beds Market market is studied from 2018 - 2026.

The Medical Beds Market is growing at a CAGR of 5.8% over the next 5 years.

Asia Pacific is growing at the highest CAGR over 2021- 2026.

North America holds highest share in 2020.

Hill-Rom Holdings, Inc., Stryker Corporation, Invacare Corporation, PARAMOUNT BED CO., LTD., Medline Industries, Inc. are the major companies operating in Medical Beds Market.

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