Medical Beds Market Size, Share, And Growth Report 2032

Medical Beds Market Size

The global medical beds market size was worth around USD 3.77 billion in 2023 and is predicted to grow to around USD 6.26 billion by 2032 with a compound annual growth rate (CAGR) of roughly 5.8% between 2024 and 2032.

The study provides historical data from 2018 to 2022 along with a forecast from 2024 to 2032 based on revenue (USD billion). The report covers a forecast and an analysis of the medical beds market on a global and regional level.

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Medical Beds Market: Overview

Hospital beds are maintained on a regular basis to accommodate and provide full-time care to patients admitted to hospitals. These beds are kept in wards where continuous medical care for patients is provided. The total of these beds normally includes the available number of beds in the hospital. Long-term care and hospital beds offer enhanced ergonomics, whereas hospital beds control infection and provide comfort and safety apart from being easy to use and effective for risk management.

The increasing investments made for healthcare infrastructure, technological developments in ICU beds, and the growing number of beds in private hospitals used for patient care will drive the global medical beds market over the forecast timeframe. For instance, one in five Americans dies while using ICU services. This number is likely to double for people over the age of 65 by 2032. The growing trend of home care will provide further growth opportunities for the global medical beds market in the future. However, the decreasing number of beds in public hospitals may restrain the global medical beds market growth.

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Medical Beds Market: Segmentation

The study provides a decisive view of the medical beds market by segmenting the market based on type, usage, application, end-user, and region. All the segments have been analyzed based on present and future trends and the market is estimated from 2024 to 2032.

Based on type, the market is segmented into electric beds, semi-electric beds, and manual beds. Electric beds held a major revenue share of the global market in 2023, due to the growing number of patients and benefits associated with electric beds, such as comfort offered to the patients.

On the basis of usage, the market is segmented into acute care, long-term care, psychiatric care, and maternity care. Acute care contributed the largest revenue share to the market and is predicted to witness significant growth over the forecast time period. This can be attributed to the growing demand for medical beds for acute care for treating patients that are suffering from chronic diseases.

Based on application, the market is segmented into intensive care and non-intensive care.

Based on end-user, the market is segmented into hospital, home care, and elderly care.

Medical Beds Market: Report Scope

Medical Beds Market: Regional Analysis

The regional segmentation includes the current and forecast demand for North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa with its further classification into major countries including the U.S., UK, Germany, France, China, Japan, India, and Brazil. 

By region, North America contributed a major revenue share to the global medical beds market in 2023 and is anticipated to dominate globally over the forecast time period as well. This regional growth is attributed to the high adoption rate of novel technology and the presence of developed healthcare infrastructure. Asia Pacific is projected to grow at a significant CAGR, due to the rising geriatric population and substantial advancements made in the hospitals of developing countries, such as China and India.

Medical Beds Market: Competitive Players

Some players of the global medical beds market are:

• Invacare Corporation
• Hill-Rom Holdings
• Getinge Group
• Paramount Bed
• Stryker Corporation
• Amico Corporation
• Antano Group S.R.L.
• Besco Medical Co. Ltd.
• BaKare Beds Ltd.
• GF Health Types Inc.
• Linet Spol S.R.O.

The Global Medical Beds Market is segmented as follows:

Global Medical Beds Market: Type Analysis

• Electric Beds
• Semi-Electric Beds
• Manual Beds

Global Medical Beds Market: Usage Analysis

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

Global Medical Beds Market: Application Analysis

• Intensive Care
• Non-Intensive Care

Global Medical Beds Market: End-User Analysis

• Hospital
• Home Care
• Elderly Care

Global Medical Beds Market: Regional Analysis

• North America
  • The U.S.
• Europe
  • UK
  • France
  • Germany
• Asia Pacific
  • China
  • Japan
  • India
• Latin America
  • Brazil
• Middle East and Africa