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What CAGR is Anticipated for the Medical Bed Market During the Forecast Period, and Why?

The medical bed market has experienced substantial growth in the past few years. The market value is projected to rise from $4.11 billion in 2024 to $4.42 billion in 2025, with a compound annual growth rate (CAGR) of 7.5%. The significant growth during the historical period can be credited to factors such as an increase in the elderly population, pervasive chronic diseases, improvements in healthcare infrastructure, escalating healthcare costs, and the care needs of bariatric patients.

In the forthcoming years, a sturdy expansion is anticipated in the medical bed market size. It is predicted to reach $5.84 billion by 2029, with a Compound Annual Growth Rate (CAGR) of 7.2%. The projected growth during this period can be ascribed to factors such as an emphasis on patient safety and comfort, preparedness for global pandemics, a surge in surgical procedures, demographic changes, and an increasing prevalence of lifestyle-associated diseases. Key trends during this forecast period encompass technological progress, medical tourism, compliance with regulatory standards, material innovation, the implementation of telemedicine, and a comprehensive approach to patient care.

How Are Key Drivers in the Industry Acting as Catalysts for the Growth of the Medical Bed Market?

The medical bed market is predicted to experience growth as a result of an increase in hospital admissions due to chronic illnesses. A variety of factors, such as personal health, socio-economic factors, healthcare facilities, and public health initiatives, contribute to this rise in hospital admissions. These medical beds play a vital role in patient care, safety, and medical management during hospital stays. In 2023, UK’s NHS Digital reported that the Finished Admission Episodes (FAEs) in England tallied at 17.6 million, marking a 7.1% increase from 2022-23. Furthermore, in April 2024, data from the UK-based national charity, Allergy UK indicated that allergies, the most prevalent chronic health issue reported in 2022, affected over 21 million individuals in the UK. Projections also suggest that by 2026, half of Europe’s population will suffer from at least one allergy. Consequently, this surge in hospital admissions due to chronic diseases is fuelling the expansion of the medical bed market.

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Which Companies Are Poised to Shape the Future 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 Are the Latest Innovations and Trends Influencing the Medical Bed Market?

Leading corporations in the medical bed industry are pioneering innovative products like intelligent connected beds to enhance patient care. These beds incorporate cutting-edge technology including AI-enabled sensors to track patient health, optimize the effectiveness of care, and bolster patient safety. Companies within this market are ceaselessly adapting to the growing need for practical healthcare systems. For example, in August 2022, Dozee, an Indian firm known for developing connected healthcare devices, collaborated with Midmark India, another Indian-based hospital bed manufacturer, to launch the Dozee Smart Connected Bed. This bed comes fitted with Dozee’s AI-backed contactless sensor that monitors vital parameters such as heart rate, respiratory rate, body temperature, and oxygen saturation for early detection and prompt intervention. This intelligent bed can be integrated with the central command center and HMIS of a hospital, thereby enhancing overall patient care.

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Which Industry Segments Are Leading the Development and Expansion of 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

What Regions Are Contributing Significantly to the Growth of 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.

How Is the Scope and Reach of the Medical Bed Market Defined?

A medical bed is a specialized piece of furniture designed for patients in healthcare settings. These beds are specifically engineered to provide comfort, support, and safety for individuals receiving medical care, whether in hospitals, clinics, or at home. Medical beds are equipped with various features and functionalities to address the specific needs of patients and healthcare providers.

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