Medical Beds Market By Bed Type (Acute Care Beds, Psychiatric Care Beds, Long-term Care Beds, Other Beds) By Usage (Intensive Care Beds, Non-intensive Care Beds), By Type (Electric Beds, Semi-electric Beds, Manual Beds) By End User (Hospitals, Home Care Settings, Elderly Care Facilities, Others), Region and Companies – Industry Segment Outlook, Market Assessment, Competition Scenario, Trends and Forecast 2024-2033

Report Overview

The Global Medical Beds Market size is expected to be worth around USD 6.3 Billion by 2033, from USD 3.7 Billion in 2023, growing at a CAGR of 5.4 % during the forecast period from 2024 to 2033.

The surge in demand for medical beds is closely tied to the growing geriatric population globally. As people age, they face higher risks of chronic diseases and mobility issues, leading to increased hospitalization and long-term care requirements.

This demographic shift is particularly noticeable in regions with aging populations, driving the need for specialized medical beds equipped with features that enhance patient comfort, safety, and mobility support. Consequently, healthcare facilities and home care services are investing more in advanced beds to accommodate elderly care.

• According to statistics, countries like Japan, China, Finland, Germany etc. have most number of elderly population.
• Furthermore, according to estimates from the World Health Organization (WHO), chronic diseases cause the deaths of 36 million people annually, with nearly three-quarters of these fatalities occurring among individuals aged 60 and above.
• Additionally, as per National Council on Aging, nearly 95% of adults above the age of 60 encounters at least one chronic disease.
• According to the World Population Prospects 2022 report by the United Nations DESA, an estimated 771 million people globally were aged 65 or older in 2022. Additionally, the report projects that by 2030, the elderly population will reach 994 million, and by 2050, this figure will rise to approximately 1.6 billion.

Additionally, the increasing incidence of chronic health conditions such as cardiovascular diseases, diabetes, and cancer is driving a greater need for prolonged hospital stays and specialized care. These diseases often require frequent monitoring, complex treatments, and long-term care, leading to a higher demand for medical beds in hospitals and healthcare facilities to accommodate growing patient populations.

The market is further propelled by advancements in the healthcare infrastructure. Significant investments in healthcare infrastructure, especially in emerging economies, are propelling the demand for modern medical beds. As hospitals and care facilities expand and upgrade their services, there is an increasing need for advanced, durable, and technologically enhanced medical beds to improve patient care and comfort.

• For Instance, in India, the healthcare budget allocated for development and infrastructure upgrade is INR 90,171 crore from the national budget.

Key Takeaways

• The Medical Beds market generated a revenue of USD 3.7 billion and is predicted to reach USD 6.2 billion, with a CAGR of 5.4%.
• Based on the bed type, the acute care bed segment generated the most revenue for the market with a market share of 34.2%.
• By usage, the non-intensive care beds segment contributed the most to the market and secured a market share of 51.1%.
• In the type segment, manual beds dominated the market by attaining 45.4% share.
• In terms of end-users, the hospitals led the market in 2023, with a market share of 34.8%.
• Region-wise, North America remained the lead contributor to the market, by claiming the highest market share, amounting to 34.2%.

Bed Type Analysis

Acute care beds dominate the global medical beds market due to their critical role in hospitals and healthcare facilities for managing short-term, intensive treatment. These beds are designed to support patients in critical conditions, post-surgery, or those requiring constant monitoring. With the rising number of hospital admissions for emergencies, surgeries, and severe illnesses, acute care beds are essential for delivering effective treatment.

Additionally, the increasing prevalence of chronic diseases and the growing need for emergency care have further propelled demand. Their advanced features, such as adjustability, monitoring systems, and mobility aids, make them indispensable in modern healthcare settings.

• In February 2021, Stryker launched their bed series, to help minimize patient falls in hospitals across all acuity levels and enhance nurse workflow efficiency and safety.

Usage Analysis

The medical bed usage is segmented into intensive care beds and non-intensive care beds. The non-intensive care beds sub-segment holds a dominant position in the usage segment of the global medical beds market due to their widespread application across general wards, recovery rooms, and long-term care facilities.

These beds are designed to provide comfort, mobility support, and basic medical care for patients who do not require intensive monitoring or critical care. With the increasing number of patients suffering from chronic conditions, post-surgical recovery needs, and the aging population requiring extended care, the demand for non-intensive care beds has surged.

Additionally, they are cost-effective compared to intensive care beds, making them an essential choice for hospitals and healthcare facilities seeking to optimize resources and patient management.

Type Analysis

Electric Beds, semi-electric beds, and manual beds are the major three types of medical beds. Electric beds have emerged as the dominant type in the global medical beds market due to their advanced functionality and enhanced patient comfort. These beds offer adjustable settings controlled through electronic systems, allowing users to easily modify the bed’s height, head, and foot sections.

This flexibility is particularly beneficial for patients with mobility issues, as it facilitates easier repositioning and reduces the risk of bedsores. Additionally, electric beds enable caregivers to adjust the bed’s configuration without manual effort, improving efficiency in patient care. The integration of modern features, such as remote control, massage options, and emergency lowering mechanisms, further boosts their appeal in hospitals, nursing homes, and homecare settings.

The rising prevalence of chronic diseases, increasing elderly population, and growing demand for advanced healthcare solutions have contributed to the significant market share of electric beds. Their ability to enhance both patient outcomes and caregiver convenience continues to drive their widespread adoption globally.

End-User Analysis

Hospitals, home care settings, elderly care facilities and others are the end users of medical beds. Hospitals dominate the end-user segment in the global medical beds market due to their critical role in providing comprehensive healthcare services and housing a large number of patients. These healthcare facilities require a high volume of medical beds to accommodate diverse patient needs, from short-term care to intensive care units (ICUs).

Hospitals frequently invest in advanced beds, including electric and adjustable models, to ensure patient comfort, safety, and better clinical outcomes. The demand is further driven by the increasing prevalence of chronic diseases, surgeries, and rising hospital admissions, especially among the aging population.

Additionally, hospitals emphasize infection control, patient mobility, and efficient caregiving, making them reliant on beds with specialized features such as easy cleaning surfaces, adjustable height, and mobility assistance. The high turnover of patients, coupled with the need for durable and multifunctional beds, positions hospitals as the primary consumers of medical beds in the global market.

Key Market Segments

By Bed Type

• Acute Care Beds
• Psychiatric Care Beds
• Long-term Care Beds
• Other Beds

By Usage

• Intensive Care Beds
• Non-intensive Care Beds

By Type

• Electric Beds
• Semi-electric Beds
• Manual Beds

By End User

• Hospitals
• Home Care Settings
• Elderly Care Facilities
• Others

Drivers

Rising Demand For Technologically Advanced Medical Beds

The rising demand for technologically advanced medical beds is a key driver in the global market, fueled by the need for better patient care, safety, and comfort. These beds are equipped with features like electric adjustments, pressure-relief mattresses, and integrated patient monitoring systems, which significantly enhance care in hospitals and homecare settings. For instance, electric beds with adjustable height and posture settings allow for easier patient repositioning, reducing the risk of pressure ulcers and improving mobility for patients with limited movement.

Beds with embedded sensors that monitor patient vitals, such as heart rate and respiratory patterns, help healthcare providers identify early warning signs and intervene promptly. Moreover, smart beds with wireless connectivity allow real-time data sharing with medical staff, optimizing care coordination. As healthcare shifts toward patient-centric approaches and aging populations require more personalized solutions, the demand for these advanced beds continues to rise, driving innovation and adoption in the market.

Restrains

Excessive Cost Of Specialty Beds

The excessive cost of specialty beds and the decreasing volume of beds in hospitals in developed regions are significant restraints to the growth of the global medical beds market. Specialty beds, such as those equipped with advanced features like air-fluidized systems, electric controls, and integrated monitoring technologies, are costly to produce and purchase. This makes it challenging for smaller healthcare facilities and low-income regions to adopt these beds, limiting their widespread availability.

In developed regions, hospitals are increasingly optimizing space and reducing the number of inpatient beds as part of a shift towards outpatient care and home healthcare services. The emphasis on cost efficiency and shorter hospital stays is leading to a reduced need for large volumes of beds, particularly in high-income countries. As hospitals invest more in outpatient services, digital health, and telemedicine, the demand for new bed installations is declining, restraining overall market growth in these regions despite technological advancements.

Opportunity

Rising Demand For Homecare Settings

The rising demand for homecare settings is creating significant growth opportunities in the global medical beds market. With an increasing preference for in-home healthcare, particularly among the elderly and those with chronic conditions, the need for specialized homecare beds is expanding. Patients and families are opting for homecare to avoid long hospital stays, reduce medical expenses, and provide a more comfortable environment.

This shift is driving demand for medical beds that are easy to operate, adjustable, and designed for home use. Technologically advanced beds, such as electric and semi-electric models, offer the flexibility required for at-home patient care, allowing for easier repositioning and mobility assistance. Additionally, as healthcare providers focus on remote monitoring and telemedicine, beds equipped with sensors to track patient vitals are becoming more appealing in homecare settings.

This trend is opening new avenues for manufacturers to innovate and offer beds tailored to the specific needs of home-based care, expanding the market further.

Impact of Macroeconomic / Geopolitical Factors

Macroeconomic and geopolitical factors play a crucial role in shaping the global medical beds market by affecting demand, supply chains, and growth. Economic downturns can limit healthcare budgets, leading to delayed investments in medical infrastructure and equipment, particularly in low-income regions. Geopolitical tensions, such as conflicts or political instability, can disrupt manufacturing and supply chains, impacting the availability of raw materials and raising production costs due to tariffs or trade restrictions.

Additionally, healthcare policies and reforms influence demand; increased healthcare spending or infrastructure development boosts demand for medical beds, while budget cuts or delayed public spending can slow market growth. Together, these factors create both opportunities and challenges for the market.

Latest Trends

Smart And Connected Beds

The global medical beds market is witnessing several key trends, including the rise of smart and connected beds that utilize IoT technology for real-time monitoring and automatic adjustments to enhance patient care. There is an increased focus on infection control, leading to the development of beds with antimicrobial surfaces and easy-to-clean designs. Customizable and modular bed options are in demand, allowing for tailored patient solutions.

Additionally, manufacturers are adopting sustainable practices and materials, while the shift towards home healthcare is driving the creation of portable and user-friendly beds suited for home use, particularly for aging populations.

Regional Analysis

North America Dominated the Global Medical Beds Market

North America has dominated the global medical beds market due to several factors, including advanced healthcare infrastructure, high healthcare expenditure, and a strong emphasis on technological innovation. The region’s hospitals and healthcare facilities are well-equipped with the latest medical technologies, driving demand for advanced medical beds that enhance patient care and operational efficiency. Additionally, the growing aging population and increasing prevalence of chronic diseases, such as diabetes and heart conditions, contribute to a higher need for hospital beds and long-term care solutions.

Government initiatives and investments in healthcare infrastructure further support market growth, as they encourage the adoption of state-of-the-art medical equipment. The presence of leading manufacturers and strong distribution networks in North America also facilitates market expansion. Moreover, the focus on patient-centered care and comfort has led to a growing preference for electric and smart beds, which are increasingly integrated into healthcare settings, solidifying North America’s position as a market leader.

Key Regions and Countries

• North America
  • US
  • Canada
• Europe
  • Germany
  • France
  • The UK
  • Spain
  • Italy
  • Russia
  • Netherland
• Rest of Europe
  • Asia Pacific
  • China
  • Japan
  • South Korea
  • India
  • New Zealand
  • Singapore
  • Thailand
  • Vietnam
  • Rest of APAC
• Latin America
  • Brazil
  • Mexico
  • Rest of Latin America
• Middle East & Africa
  • South Africa
  • Saudi Arabia
  • UAE
  • Rest of MEA

Key Players Analysis

The competitive landscape of the global medical beds market features several key players, including Hill-Rom, Stryker, Arjo, and Invacare, known for their innovative products and strong market presence. These companies invest heavily in research and development to introduce advanced features such as smart technology and infection control measures.

The market is characterized by strategic collaborations, mergers, and acquisitions to enhance product offerings and expand geographical reach. Additionally, the emergence of regional manufacturers has intensified competition, driving price sensitivity and innovation.

Top Key Players in the Immunotherapy Drugs Market

• Hill-Rom Holdings, Inc.
• Invacare Corporation
• Drive Medical
• Stryker Corporation
• ArjoHuntleigh
• Gendron Inc
• Graham Field Health Products, Inc.
• ProBed Medical
• Getinge AB
• Paramount Bed Holdings
• Joerns Healthcare LLC
• Narang Medical
• Other key players

Recent Developments

• In February 2021: Stryker, a prominent player in the medical device sector, introduced its new ProCuity bed series. These low-height beds are designed for versatile use across various environments and feature wireless connectivity along with advanced fall protection to ensure the safety of both patients and caregivers.
• In February 2021: Hillrom announced its plans to acquire continuous monitoring technology from EarlySense. This technology is intended to be integrated with Hillrom’s Centrella Smart+ med-surg bed, enhancing its reliability and advancing its capabilities significantly.
• In June 2023, Baxter International Inc. announced the U.S. launch of its newest Hillrom Progressa+ ICU bed, incorporating advanced technologies and features designed to facilitate patient care for nurses while promoting rehabilitation. This strategic introduction not only enhanced Baxter’s product portfolio but also strengthened its market position in the ICU bed segment. By addressing the evolving needs of healthcare providers and improving patient outcomes, this launch has contributed to driving growth for the company.

Report Scope