Medical Bed Market Size, Share, By Usage (Acute Care, Long Term Care, Psychiatric Care, and Maternity), By Application (Intensive Care and Non Intensive Stage), By Power (Electric Beds, Semi Electric Bed, and Manual Bed), By End-User (Hospital, Home care settings, and Elderly care facilities), and By Region (North America, Europe, Asia Pacific, Latin America, and Middle East & Africa) - Trends, Analysis and Forecast till 2034

Medical Bed Market Size was valued at US$ 4.3 billion in 2024 and is projected to grow at a CAGR of 8.2% to reach US$ 8.8 billion by 2034.

Hospital beds are designed for patients with hygiene and cleanliness as household beds are not properly maintained. Hospital beds have an adjustable height and provide various benefits as they deliver ease and comfort to patients while getting treatment. Hospital beds can be custom-made for multiple patients based on the treatment. Along with patients, hospital beds can provide convenience to care takers as they can maintain cleanliness and hygiene properly. The number of hospital beds is used to measure the capacity and space of hospital facilities.

The aging population has been a key driver in many parts of the world, especially in developed nations. The need for healthcare services and specialized medical gear like medical beds has surged. Globally, chronic illnesses, including diabetes, heart disease, and obesity, are on the rise. Patients with chronic conditions frequently need extended hospital stays or at-home care. Demand is increased by the necessity of medical beds with features like pressure relief, patient monitoring, and adaptability for treating chronic diseases.

In the coming years, technological improvements, particularly IoT, AI, and telemedicine, are anticipated to stimulate innovation in medical beds. More intelligent and linked beds with real-time monitoring, predictive analytics, and remote patient management capabilities are on the way.

Key Drivers of Target Market:

Increasing prevalence of elderly population suffering from acute and chronic disease

• The worldwide medical bed market is expanding because of the rising prevalence of acute and chronic diseases in the older population, including diabetes, COPD, and Alzheimer's. Accordingly, the market is expanding because of the growing need for healthcare among the elderly, who frequently need to be hospitalized. Furthermore, a significant element driving the market's growth is the increased incidence of chronic disorders, including diabetes, heart disease, and respiratory ailments.
• Furthermore, 60–80% of occurrences of dementia are caused by Alzheimer's disease, according to Alzheimer's Association statistics from 2016. An estimated 5.2 million Americans are 65 years of age and older, 200,000 Americans are under 65, and 5.4 million Americans are thought to have Alzheimer's. Moreover, increased cooperation between public and private sectors to improve infrastructure is expected to fuel target market expansion throughout the projection period.

Advanced technology in hospital beds

• The market is expected to increase due to the hospital bed industry's rapid technological breakthroughs, which transform hospital beds into sophisticated medical equipment that improves patient care and treatment. Furthermore, the desire for better healthcare facilities and rising healthcare costs are anticipated to propel hospital bed sales worldwide. The industry is also being supported by incorporating technology into hospital beds to improve the efficacy and efficiency of patient care, such as electronic record-keeping and remote monitoring.
• They enable prompt modifications to the patient's treatment plan and real-time monitoring of their vital signs, which improves patient outcomes and effectively uses hospital resources. The need for medical beds in private hospitals is also rising, and other significant reasons driving this expansion include an increase in medical tourism and medical bed demand.

Restrains:

High cost of medical beds

• A significant factor impeding the growth of the global medical bed market is the high cost of producing hospital beds. The market for medical beds is expanding due to rising global accident rates and developing nations' improved healthcare systems. Furthermore, the expense of treating chronic illnesses is rising steadily, substantially affecting the market.

The market is segmented based on Usage, Application, Power, End-User and region:

Usage Insights:

• Acute Care:

Hospital beds designated for patients in need of intensive, short-term care. These beds frequently incorporate cutting-edge technology to monitor patients and deliver customized treatment.

• Long Term Care:

Beds made for patients in nursing homes, hospitals, or rehabilitation centers who need more care than short-term care. For extended stays, these beds put comfort and utility first.

• Psychiatric Care:

Beds are utilized for patients with mental health issues at psychiatric institutes. The safety and well-being of the patient are the top priorities in the design of these beds, which may include tamper-proof elements like breakaway headboards or bed frames composed of non-breakable materials.

• Maternity:

Beds are intended primarily for childbirth, recovery, and labor. These beds include characteristics that help moms feel supported and comfortable throughout labor and recovery.

Among the segments mentioned above the one that dominated the market is the Acute Care segment as they are used for patients who require active and short-term care, such as severe injury, bouts of illness, urgent medical issues, or recovery from surgery

Application Insights:

• Intensive Care:

These facilities provide medical beds to patients who are incredibly sick and need round-the-clock observation and life support. These beds usually contain sophisticated features for specialty operations, ventilator assistance, and patient monitoring.

• Non-Intensive Stage:

Medical beds used for patients needing less intense care in standard hospital wards or rooms. For a patient's recuperation, these beds provide essential functioning and comfort elements.

Power Insights:

• Electric Beds:

They have motorized adjustable beds that facilitate more comfortable placement for patients. Electric beds are growing in popularity because they are practical and simple to use for patients and caretakers.

• Semi Electric Bed:

This hybrid model allows for both manual and electric adjustment. While certain functions, like bed height adjustment, may be manual, others, like head and foot position, may be electronic. This choice strikes a good mix between usability and price.

• Manual Bed:

Beds may be manually adjusted using levers or cranks. Although these are often the least expensive alternatives, changing the bed position may take more work from caretakers.

Among the segments mentioned above, the one that dominated the market is the Manual Bed segment because manual beds are easy to use and reasonably priced. Because of their mechanical simplicity, manual beds are extremely robust and simple to maintain. They also offer basic functionality and dependability at a reasonable price, making them a good option for healthcare environments.

End-User Insights:

• Hospital:

Hospitals have a variety of bed kinds to accommodate various departments and patient requirements. Certain medical bed arrangements are needed in emergency departments, long-term care facilities, maternity wards, and critical care units, among other settings.

• Home Care Settings:

Adjustable beds or specialty beds made to treat specific ailments may be helpful for patients recovering at home after surgeries, injuries, or chronic illnesses. The ease of adjusting and transferring that adjustable beds provide enhances comfort and healing.

• Elderly Care Facilities:

Medical beds created especially to meet the needs of senior citizens are essential in nursing homes, assisted living centers, and other long-term care environments. Comfort, security, and features that might lessen the risk of falls and encourage resident independence are prioritized in these beds.

Among the segments mentioned above, the one that dominated the market is the Hospital segment since hospitals require a variety of hospital beds to meet the demands of their patients, including acute care, intensive care, and long-term care. This is driving the market's expansion, as is the large spectrum of medical diseases addressed at hospitals and the significant patient turnover.

Regional Insights

• The North America market is estimated to witness a significantly high revenue share over the forecast period because of high healthcare costs and an aging population. In addition, the growing elderly population and the frequency of chronic illnesses in North America are driving up the need for hospital beds, propelling the market's expansion.
• Asia Pacific market is estimated to witness largest revenue share because of the factors such as an aging population, increased healthcare expenditures, and rising disposable income. Furthermore, growing awareness of modern healthcare services and increasing investments in healthcare facilities support market expansion.
• Europe's market finds lucrative opportunities because of the region's emphasis on patient comfort and cutting-edge medical technologies. Additionally, the market is expanding because of the region's emphasis on patient-centric treatment and robust government support for healthcare infrastructure.
• The Latin American market is growing gradually due to the rising need for medical supplies, such as medical beds. Additionally, continuous initiatives to raise insurance coverage and enhance healthcare services are having a favorable effect on market expansion.
• The Middle East and Africa market is an emerging market due to increases in healthcare spending and regional infrastructure development. Initiatives to increase healthcare accessibility and the rising incidence of disorders linked to a certain lifestyle are also fuelling the market's expansion.

Medical Bed Market Report Scope:

Attribute	Details
Market Size 2024	US$ 4.3 billion
Projected Market Size 2034	US$ 8.8 billion
CAGR Growth Rate	8.2%
Base year for estimation	2023
Forecast period	2024 – 2034
Market representation	Revenue in USD Billion & CAGR from 2024 to 2034
Market Segmentation	By Usage- Acute Care, Long Term Care, Psychiatric Care, And Maternity. By Application- Intensive Care And Non-Intensive Stage. By Power- Electric Beds, Semi Electric Bed, And Manual Bed. By End-User- Hospital, Home Care Settings, And Elderly Care Facilities.
Regional scope	North America - U.S., Canada Europe - UK, Germany, Spain, France, Italy, Russia, Rest of Europe Asia Pacific - Japan, India, China, South Korea, Australia, Rest of Asia-Pacific Latin America - Brazil, Mexico, Argentina, Rest of Latin America Middle East & Africa - South Africa, Saudi Arabia, UAE, Rest of Middle East & Africa
Report coverage	Revenue forecast, company share, competitive landscape, growth factors, and trends

Segments Covered in the Report:

This report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends and opportunities in each of the sub-segments from 2024 to 2034. For the purpose of this study segmented the target market report based on Usage, Application, Power, End-User and region:

 

Segmentation:

By Usage:

• Acute Care
• Long Term Care
• Psychiatric Care
• Maternity

By Application:

• Intensive Care
• Non-Intensive Stage

By Power:

• Electric Beds
• Semi Electric Bed
• Manual Bed

By End-User:

• Hospital
• Home Care Settings
• Elderly Care Facilities

By Region:

• North America
  • U.S.
  • Canada
• Europe
  • Germany
  • UK
  • France
  • Russia
  • Italy
  • Rest of Europe
• Asia Pacific
  • China
  • India
  • Japan
  • South Korea
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Mexico
  • Rest of Latin America
• Middle East & Africa
  • GCC
  • Israel
  • South Africa
  • Rest of Middle East & Africa

The key players operating the Medical Bed Market include Stryker Corporation, Hill-Rom Holding, Inc., Getinge Group, Invacare Corporation, Medline Industries, Inc., Stiegelmeyer GmbH & Co. Kg, Antano Group S.R.L, Amico Corporation, Midmark Corporation, and Linet.

• In February 2023, Stryker, a global leader in medical technology, announced the SmartMedic platform's debut at the Indian Society of Critical Care Medicine's 29th Annual Conference in Indore. SmartMedic, a patient care platform, improves hospital ICU bed capacities. This system is designed to track patient weight fluctuations, track patient rotations from nursing stations, and assist medical professionals in taking X-rays of patients without requiring them to be moved from the ICU.
• In August 2022, Dozee and Midmark India collaborated to develop the nation's first linked bed platform, which automates and integrates patient monitoring in hospital beds—mainly in non-intensive care units. With these specially designed intelligent connected beds, hospitals would effortlessly provide continuous patient monitoring in HDUs, step-down ICUs, and any other non-ICU wards. This would result in next-level patient safety, improved clinical outcomes, operational efficiencies, and digital transformation.

• Stryker Corporation*
  • Company Overview
  • Product Portfolio
  • Key Highlights
  • Financial Performance
  • Business Strategies
• Hill-Rom Holding, Inc.
• Getinge Group
• Invacare Corporation
• Medline Industries, Inc.
• Stiegelmeyer GmbH & Co. Kg
• Antano Group S.R.L
• Amico Corporation
• Midmark Corporation
• Linet  

“*” marked represents similar segmentation in other categories in the respective section.