Medical Bed Market accounted for US$ 3.05 billion in 2020 and is estimated to be US$ 5.49 billion by 2030 and is anticipated to register a CAGR of 6.1%. Hospital beds are designed for patients that offer hygiene and cleanliness as it is not properly maintained by household beds. Hospital beds have an adjustable height and provide various benefits as it delivers ease and comfort to patient while getting treatment. Hospital beds can be custom made for various patients based on the treatment. Along with patients, hospitals bed can provide convenience to care taker as they can maintain cleanliness and hygiene properly. Number of hospital beds is used to measure the capacity and amount of space of hospital facilities.
The report “Global Medical Bed Market, 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, Middle East & Africa) - Trends, Analysis and Forecast till 2030”
Key Highlights:
· In 2021, Hyderabad techies launch AI tool to forecast number of hospital beds needed to tackle Covid.
· IN 2021, Mastercard and American India Foundation (AIF) launch first portable hospital in Jalna district Maharashtra.
Analyst View:
Increasing prevalence of elderly population suffering from acute and chronic disease such as COPD, alzheimer’s, and diabetes is driving the growth of global medical bed market. For an instance, according to Diabetes UK organization, in the UK, around 15% of overall hospital beds has been occupied by the diabetic people. In addition, rising collaboration between private organization and government for infrastructure development is anticipated to further drive growth of the target market over the forecast period. Furthermore, market players are developing advance technology in hospital beds to provide safety and comfort to patients which in turn is expected to boost the growth of medical bed market. Moreover, increasing healthcare spending and demand for better healthcare facilities is expected to drive the sales of hospital beds globally. Additionally, growing demand for beds in private hospitals, increasing medical tourism, etc. are also some crucial factors propelling the growth of the global medical bed market. However, high cost incurred during manufacturing of hospital beds is a major factor restraining growth of the global medical bed market.
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Key Market Insights from the report:
The Global Medical Bed Market accounted for US$ 3.05 billion in 2020 and is estimated to be US$ 5.49 billion by 2030 and is anticipated to register a CAGR of 6.1%. The global medical bed market is segmented into usage, application, power, end-user and region.
· By Usage, the Global Medical Bed Market is segmented into acute care, long term care, psychiatric care, and maternity.
· By Application, the Global Medical Bed Market is segmented into intensive care and non-intensive stage.
· By Power, the Global Medical Bed Market is segmented into electric beds, semi electric bed, and manual bed.
· By End-User, the Global Medical Bed Market is segmented into hospital, home care settings, and elderly care facilities.
· By region, the Global Medical Bed Market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. North America has the largest market in terms of revenue due to high healthcare spending in the region as well as increasing chronic disease patient base in the region.
Competitive Landscape:
Some of the prominent players operating in the global 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 Spol. S.R.O.
The market provides detailed information regarding the industrial base, productivity, strengths, manufacturers, and recent trends which will help companies enlarge the businesses and promote financial growth. Furthermore, the report exhibits dynamic factors including segments, sub-segments, regional marketplaces, competition, dominant key players, and market forecasts. In addition, the market includes recent collaborations, mergers, acquisitions, and partnerships along with regulatory frameworks across different regions impacting the market trajectory. Recent technological advances and innovations influencing the global market are included in the report.
