Demand for Medical Beds in Elderly Care Facilities on the Rise Globally

The sales of medical beds market attracted US$ 3.82 billion in 2022. The market is anticipated to expand at a compound annual growth rate (CAGR) of 3.7%, reaching over US$ 5.5 billion by 2032, according to a recent report by Fact.MR.

The market for medical beds is crucial to the healthcare system because it offers the assistance that patients need in a variety of healthcare environments. These beds meet a variety of medical needs in both hospital and home care settings because to their cutting-edge features that guarantee patient comfort, safety, and ease of movement. Manufacturers who specialise in paediatric beds, adjustable beds, and intensive care unit (ICU) beds are some of the major players in the market.

Market Outlook

Looking ahead, the medical beds market is poised for substantial growth driven by aging populations, increasing prevalence of chronic diseases, and advancements in healthcare infrastructure globally. As healthcare facilities prioritize patient-centric care and operational efficiency, the demand for innovative medical beds equipped with smart technologies and ergonomic designs is expected to rise. Emerging markets, particularly in Asia-Pacific and Latin America, present lucrative opportunities for market expansion due to growing healthcare investments and infrastructure developments.

Market Demand

The demand for medical beds is driven by the critical need for patient comfort, safety, and therapeutic support in healthcare settings. Hospitals, nursing homes, and home care settings rely on specialized beds tailored to specific patient requirements, including bariatric care, pediatric care, and intensive care management. With the rising burden of chronic diseases and surgical procedures, there is a growing emphasis on beds that enhance recovery outcomes and minimize complications post-treatment.

List of Key Companies Profiled in The Report

• Stryker Corporation
• Hill-Rom Holdings Inc.
• Getinge AB
• Invacare Corporation
• Amico Corporation
• Medline Industries Inc.
• LINET spol. s r.o.
• Stiegelmeyer GmbH & Co. KG
• Span-America Medical Systems Inc.
• Merivaara Corp
• Others

Recent Industry News

Recent developments in the medical beds market include collaborations between technology companies and healthcare providers to enhance bed connectivity and interoperability with digital health platforms. These initiatives aim to streamline data integration, optimize workflow efficiencies, and improve patient outcomes through remote monitoring and telehealth capabilities. Additionally, regulatory approvals and product launches of next-generation medical beds equipped with advanced safety features and patient comfort enhancements are shaping industry dynamics and market competitiveness.

Notable Developments

Notable developments in the medical beds market include the introduction of smart beds equipped with AI-powered sensors for real-time patient monitoring and fall prevention measures. Manufacturers are also focusing on developing eco-friendly beds using sustainable materials and energy-efficient designs to reduce environmental impact. Regulatory initiatives promoting patient safety and quality standards are driving continuous improvement in bed design and manufacturing practices, ensuring compliance with stringent healthcare regulations globally.

Market Competition

Major players in the medical beds market are heavily investing in research and development to innovate beds that meet evolving healthcare industry demands.

In February 2021, Stryker, a prominent player in the medical device sector, introduced its latest hospital bed, the ProCuity bed series. These beds are designed with a low-height profile suitable for diverse healthcare environments. They feature wireless connectivity and advanced fall protection systems, enhancing safety for both patients and caregivers.

Also in February 2021, Hillrom announced its acquisition plans for continuous monitoring technology from EarlySense. This technology will be integrated into Hillrom's Centrella Smart+ med-surg bed, augmenting its reliability and advancing its capabilities in patient care.