GLOBAL MEDICAL BED MARKET MARKET ANALYSIS & SEGMENT FORECAST FROM 2021 TO 2028

Medical beds are essential components in healthcare facilities since many patients are unable to move around and need to rest to get treatment. It is a particular type of bed that may be modified to raise the ends of the head, foot, or centre position as needed.

Medical beds provide better posture for patients because they allow users to alter the bed's position, allowing them to shift the pressure from one region of the body to another, reducing the incidence of bedsores. They enable convenient patient transfers as well as the ability to elevate patients higher or lower while getting in and out of bed. Furthermore, they aren't just employed in hospitals. They can be used at home if a family member becomes ill or if someone with long-term medical difficulties needs a bed.

Its use is designed to accomplish the following desired outcomes: a) illness prevention, diagnosis, treatment, monitoring, and relief b) injury or disability diagnosis, treatment, monitoring, alleviation, and compensation. Medical beds are also known as hospital beds, nursing beds, and elderly beds, among other terms. They are beds used by patients in large hospitals, township health facilities, and community health care centres throughout their rehabilitation.

Market Growth Factors:

• Rising demand for non-intensive care beds: The demand for non-intensive care beds have been affected by an increase in the number of patients admitted to non-intensive care units. Furthermore, an increase in the number of patients admitted to post-critical care units, cancer units, and surgical units have had an influence on the number of non-intensive care beds installed.
• Growing preference for smart beds: In recent decades, smart medical beds have developed as sustainable systems for patient care, support, and surveillance, based on a collaborative design approach. Smart beds are intended to make healthcare practitioners' jobs easier while also improving patient comfort. These beds include a button on the remote-controlled electrical bed that allows patients to modify their height or back position as requested, as well as give simple movement to the patients.
• Rising chronic diseases: The rising incidence of chronic illnesses has resulted in a rise in hospital admissions. Patients with several chronic illnesses will need to be admitted to the hospital regularly for crucial monitoring and treatment, resulting in an increase in the supply of various types of medical beds in healthcare facilities.
• Rising healthcare reforms in the U.S.: Obesity and diabetes are becoming more common, resulting in a rise in the number of medical beds available in hospitals and home care settings to help extremely obese and diabetic patients. In addition, the increased frequency of cancer diseases in the United States is driving up the demand for hospital treatment. The need for medical beds in the country is increasing as the country's healthcare expenditures rise.

Market Drivers and restraints:

Drivers:

• Rise in rate of hospitalization: In numerous nations, the rising prevalence of chronic illnesses is driving up the rate of hospitalization, resulting in a significant increase in the need for hospital beds. The recent outbreak of COVID-19 pandemics also has increased the number of people being admitted to hospitals.
• Increasing investment in healthcare infrastructure: Market expansion will be fuelled by increased investment for healthcare infrastructure in developing nations. Due to a lack of basic and sophisticated healthcare services, as well as insufficient healthcare infrastructure, developing nations have a larger patient population pool than industrialized countries. The government is initiating several programs in emerging regions to support the construction of new hospitals with a significant capacity of hospital beds.
• Incorporation of new technology into devices: Increasing technological inventions and innovations in the healthcare business are also driving up hospital bed revenues all around the world. Numerous hospital bed producers are now focusing their efforts on creating beds that combine cutting-edge technologies.
• Rise in-home healthcare services: Increased government assistance to reduce the length of stay in hospitals is driving the home care settings category. On a worldwide scale, the growing elderly population is contributing to a rise in the number of beds in-home care settings. The increasing availability of free beds for senior patients is driving up demand for medical beds.

Restraints:

• Decreasing beds in public hospitals and an increase in the price of hospital beds: The medical bed market is constrained by a decrease in the number of beds in public hospitals and an increase in the price of hospital beds. The number of hospital beds indicates the number of resources available to give care to inpatients. The bed capacity per person has declined in virtually all OECD nations, according to OECD data. Part of the decline can be ascribed to advancements in medical technology, which allow for more same-day surgery, or as part of a larger governmental goal to reduce hospital admissions. Also, the rising operating cost of hospital beds increasing the out-of-pocket expenditure, thus posing a constraint in the growth of the market.

Market Developments:

• The introduction of new and innovative products: A significant market development of medical beds is the creation of different product improvements, such as the development of powered hospital beds. Patients may be transported more easily with the use of powered beds, which provide increased comfort, position changes, mobile monitoring, and fall warning capabilities. In 2020, Stryker has introduced a new wireless hospital bed that is intended to enhance patient outcomes while also assisting caretakers.
• Growth of emerging economies and the medical tourism industry: Medical tourism is the term used to describe organized travel between nations for medical treatment. It typically entails going to another country to maintain, improve, or restore one's health using modern medical facilities and treatment procedures. One of the main elements fuelling the expansion of the medical tourism market is the booming medical sector throughout the world. Patients benefit from enhanced healthcare, novel medications, advanced technology, and customized care provided by healthcare facilities, which enhances the market and propels the medical bed industry.

Region-wise developments:

The key regions considered for the market are North America, Europe, Asia-Pacific, South America, and ME&A. Increased health spending in Europe's healthcare industry has prompted customers and health providers to acquire new, comparatively expensive hospital beds, putting the continent on pace to become the global market leader in hospital beds. As a result of the increasing number of long-term healthcare facilities available and high health spending in North America, the region's position in the worldwide hospital bed sector is booming. Due to the sheer scale of its aging and geriatric patient populations, Asia is also gaining popularity.

The report covers the following major segments of the Medical Bed Market:

• By product type: Manual Bed and Smart Bed (Semi-electric bed, Electric Bed)
• By end-users: Hospital and clinics, Ambulatory Services, Nursing Home, and Home Care settings
• By Usage: Critical Care, Acute Care, Long-Term Care, and Other Beds (paediatric beds, birthing beds, psychiatric care beds, bariatric care beds)
• By Application: Intensive Care Beds and Non-intensive Care Beds
• By Region: North America, Europe, Asia-Pacific, South America, and ME&A