NEW YORK, Jan. 24, 2023 (GLOBE NEWSWIRE) -- "Medical Bed Market" is the title of a new report from Data Bridge Market Research. Key growth strategies, drivers, opportunities, key segments, Porter's Five Forces analysis, and competitive environment are all dissected in detail in the research. To thrive in this rapidly transforming marketplace, today’s businesses call for innovative and superlative solutions. Businesses can accomplish unmatched insights and expertise of the best market opportunities in their relevant markets with the help of the Medical Bed market research report. This market report gives a clear idea about the market potential for each geographical region based on the growth rate, macroeconomic parameters, consumer buying patterns, possible future trends, and market demand and supply scenarios. The reliable Medical Bed report covers market analysis, market definition, market segmentation, key developments in the market, key players or competitor analysis and detailed research methodology.
ICU beds of product is a largest segment in medical beds market due to the technological advancements have resulted in specialised ICU beds with cutting-edge features. Continuous lateral rotation therapy, patient repositioning support, weight-based pressure redistribution in any bed position, and electrical bed retraction and extension are just a few of the features that help caregivers treat patients more effectively. Data Bridge Market Research analyses that the medical bed market was valued at USD 3.28 billion in 2021 and is further estimated to reach USD 5.27 billion by 2029, and is expected to grow at a CAGR of 6.1% during the forecast period of 2022 to 2029.
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When it comes to the equipment and apparatuses needed in a hospital, clinic, or ambulatory surgery centre, medical beds are the most important. Medical beds are most typically used for examinations, disease diagnosis, patient treatment, and patient transportation. These have been created with the patients' safety and comfort in mind. Medical beds are divided into three categories: manual, electric, and semi-electric.
Medical beds are an important part of the healthcare system and a high-value commodity in the patient-care setting. One of the biggest growing drivers for hospital beds is the ageing population. Demand for beds is predicted to increase as a result of changing demographics and disease trends, as well as the resulting pressure on healthcare services.
The Global Market Is Analyzed in Depth in the Latest Study. Taking into account the current level of competition and its projected evolution over the next few years.
Rapidly increasing demands, a rise in industrialization, consumer awareness, growing sectors, and technical improvements are fueling the expansion of the global Medical Bed market. Sales and revenue in this sector have increased at an exponential rate. The market's size and growth are both expected to increase thanks to the factors driving the market's expansion over the projected period.
Leading businesses in the worldwide Medical Bed market are investing heavily in R&D in order to build a larger client base and expand their share of the market by reintroducing improved products to consumers. All of the companies' strategy, as well as their financial health, revenue, gross margin, and growth rate, are detailed in the study.
Recent Development
- In March 2020, Hill-Rom has indicated that production of critical care goods, including as ICU and med-surg unit smart hospital beds, will be doubled to help with the COVID-19 response.
- In August 2019, Invacare Corporation has introduced NordBed, a medical bed line designed to help persons with limited mobility and age-related health issues. The company's product portfolio of medical beds was increased as a result of this strategic move.
The Medical Bed Market is Dominated by Firms Such as
- Hill-Rom Services, Inc. (US)
- Invacare Corporation. (US)
- Medical Depot, Inc. (Canada)
- Stryker Corporation (US)
- Arjo. (Sweden)
- Gendron Inc. (US)
- GF Health Products, Inc. (US)
- HARD Manufacturing Company, Inc. (US)
- Umano Medical inc. (Canada)
- Transfer Master Products, Inc. (US)
- American Medical Equipment. (US)
- ProBed Medical Technologies (Canada)
- Amico Group of Companies. (US)
- Getinge AB. (Sweden)
- ANTANO GROUP (Italy)
- Merivaara (Finland)
- Stiegelmeyer GmbH & Co. KG (Germany)
- LINET. (Czechia)
- PARAMOUNT BED CO., LTD. (Japan)
- Mobility Aids Sales and Services (India)
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Opportunities for Key Players:
In addition, the increase in the volume of medical beds in private hospitals and growing funding on healthcare infrastructure in the advancing countries are further estimated to provide potential opportunities for the growth of the medical bed market in the coming years.
Key Market Segments Covered in Medical Bed Industry Research
Product
- Acute Care Beds
- MedSurg Beds
- ICU Beds
- Pediatric Beds
- Birthing Beds
- Long-term Care Beds
- Psychiatric Care Beds
- Bariatric Care Beds
- Others
Application
- Intensive Care
- Non Intensive
Type
- Electric Beds
- Semi Electric Bed
- Manual Bed
End User
- Hospital
- Home Care
- Elderly Care
Key Industry Drivers:
Major factors that are expected to boost the growth of the medical bed market in the forecast period are as follows:
- Rise in investments in healthcare infrastructural development
In most developed and developing countries, healthcare infrastructure development is a major concern. Increased healthcare infrastructure investments are also beneficial to the medical beds market. Increased investments result in higher medical bed costs, which is a major driver driving market expansion.
- Technological developments in ICU beds
ICU beds will make up a larger percentage of medical beds. The ability to convert ward beds to ICU beds will be available. ICUs would no longer be isolated from the rest of the hospital.
- Growing of elderly population
The need for appropriate patient care in hospitals and other healthcare settings is expanding as the older population suffers from chronic diseases.
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Medical Bed Market Regional Analysis/Insights:
The countries covered in the medical bed market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
Europe dominates the medical bed market due to the rise in the incidence of patients with cardiovascular diseases and diabetes. Furthermore, the growing obese population will further boost the growth of the medical bed market in the region during the forecast period.
Asia-Pacific is projected to observe significant amount of growth in the medical bed market due to the rise in the incidence of population in demand of medical treatment. Moreover, the growing expenditure to enhance the healthcare infrastructure is further anticipated to propel the growth of the medical bed market in the region in the coming years.
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- Strong and extensive research methods were used to construct this study. The thoroughness and precision of the market reports produced by Data Bridge Market Research have earned them a great reputation.
- A complete picture of the competitive scenario of Medical Bed market is depicted by this report.
- The wide range of research on how these innovations may affect market expansion in the future.
- The report's findings are presented in an approachable format, with accompanying visuals (such as histograms, bar graphs, pie charts, etc.) that make the data readily digestible.
- The potential, threats, and difficulties in the Medical Bed market, as well as the factors driving and restraining it, are discussed at length.
- It gives an all-encompassing evaluation of the anticipated conduct of the future market and the changing market condition.
- This study provides a number of strategic business approaches to assist you in making educated business decisions.
Table of Contents:
- Introduction
- Market Segmentation
- Executive Summary
- Premium Insights
- Global Medical Bed Market: Regulations
- Market Overview
- Global Medical Bed Market, By Product
- Global Medical Bed Market, By Application
- Global Medical Bed Market, By Type
- Global Medical Bed Market, By End User
- Global Medical Bed Market, By Region
- Global Medical Bed Market: Company Landscape
- SWOT Analyses
- Company Profile
- Questionnaires
- Related Reports
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