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What key factors are powering the surge in the Medical Bed market right now?

In recent times, the medical bed industry has been exhibiting robust growth. It is projected to increase from $4.11 billion in 2024 to $4.42 billion in 2025, reflecting a compound annual growth rate (CAGR) of 7.5%. The prior growth period’s expansion can be linked to factors such as an escalating aging population, wide-spread chronic illnesses, improvements in healthcare infrastructure, burgeoning healthcare expenditures, and the rising needs of bariatric patient care.

How fast Is the medical bed market expected to grow, and what’s its future value?

In the coming years, the medical bed market is projected to witness robust growth, reaching a market size of $5.84 billion in 2029 with a compound annual growth rate (CAGR) of 7.2%. The growth during the projected period can be traced back to factors such as heightened focus on ensuring patient comfort and safety, preparedness for global pandemics, a rise in surgical procedures, demographic changes, and an increasing number of lifestyle-related diseases. Some significant trends anticipated during the forecast period include advancements in technology, growth of medical tourism, compliance with regulatory standards, material innovations, the rise of telemedicine, and a comprehensive approach to patient care.

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What are the leading drivers of growth in the medical bed market?

An escalation in hospital entries due to persistent illnesses is predicted to fuel the medical bed market’s expansion in the future. The factors determining hospital admissions range from personal health, socio-economic considerations, health service facilities, to public health regulations. Medical beds play a critical role in providing patients with care and support during hospital stays, enhancing their comfort, safety, and medical management. For example, NHS Digital, a UK public entity, reported in 2023 that the number of Finished Admission Episodes (FAEs) in England hit 17.6 million, up 7.1% from 2022-23. Moreover, in April 2024, Allergy UK, a national UK charity, noted that over 21 million citizens in the UK suffer from allergies, making it the most frequently reported chronic health issue in 2022. Predictions suggest that by 2026, half of Europe’s population will have at least one allergy. As a result, the medical bed market growth is being fuelled by the surge in hospital admissions connected to chronic ailments.

What are the key segments defining the medical bed market?

The medical bed market covered in this report is segmented –

1) By Type: Electric Medical Beds, Semi Electric Medical Beds, Manual Medical Beds

2) By Usage: Intensive Care, Non-intensive Care

3) By End-User: Hospitals, Home Care Settings, Rehabilitation Centers, Other End-Users

Subsegments:

1) By Electric Medical Beds: Full Electric Beds, Adjustable Electric Beds

2) By Semi Electric Medical Beds: Adjustable Head And Foot Sections, Manual Adjustment Options

3) By Manual Medical Beds: Fixed Manual Beds, Basic Adjustable Manual Beds

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Who are the key players steering the development of the medical bed market?

Major companies operating in the medical bed market report are Mediline Industries Inc., Stryker Corporation, Getinge AB, Arjo., Paramount Bed Holdings Co., Invacare Corporation, Linet spol. s r.o., Favero Health Projects SpA, Joerns Healthcare LLC, Stiegelmeyer GmbH & Co. KG, Amico Group of Companies., GF Health Products Inc., Umano Medical Inc., Merivaara, Malvestio SpA, Zhangjiagang Medi Medical Equipment, Gendron Inc., American Medical Equipment., Antano Group srl, Besco Medical, Medical Depot Inc., Mobility Aids Sales and Services, ProBed Medical Technologies, Transfer Master Products Inc., Anyang Top Medical Devices Co. Ltd.

What emerging trends are influencing the growth of the medical bed market?

Leading businesses in the medical bed market are creating cutting-edge products such as smart connected beds to improve patient care quality. These smart beds incorporate advanced technology like AI-based sensors to enhance patient health monitoring, promote efficient care, and improve patient safety. Firms within this market are consistently innovating to address the growing need for effective healthcare solutions. In August 2022, for example, Dozee, a connected health device manufacturer based in India, collaborated with Midmark India, an Indian maker of hospital beds, to introduce the Dozee Smart Connected Bed. This bed features Dozee’s contactless sensor powered by AI that tracks vital signs like heart rate, respiration rate, temperature, and oxygen saturation, creating an early warning system for prompt treatment. The smart bed can also sync with a hospital’s central command center and HMIS, enhancing patient care.

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Which regions are most influential in expanding the medical bed market?

North America was the largest region in the medical bed market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the medical bed market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

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