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Medical Bed Market Trends

Report ID: GMI1883
Published Date: Jul 2024
Report Format: PDF

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Medical Bed Market Trends

The medical bed market is experiencing several notable trends that are shaping its growth and development. Factors such as continuous innovations in technology, growing adoption of telemedicine and remote patient monitoring technologies, and surging need for integrated artificial intelligence in healthcare and internet of things (IoT) technologies, among other factors are propelling the industry growth
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Further, there is a growing preference for home healthcare services driven by patient comfort, cost-effectiveness, and advancements in medical technology that enable complex care to be delivered at home. This trend has spurred the demand for medical beds that are suitable for home use, offering features like mobility, easy adjustment, and remote monitoring capabilities.
Moreover, the adoption of telemedicine and remote patient monitoring technologies has accelerated, especially in the wake of the COVID-19 pandemic. Medical beds are being integrated with telehealth platforms to enable virtual consultations, remote monitoring of patients health metrics, and real-time adjustments to bed settings based on clinical data.

Authors: Mariam Faizullabhoy , Gauri Wani

Frequently Asked Questions (FAQ) :

Medical bed industry size was USD 4 billion in 2023 and will expand at 5.4% CAGR between 2024 and 2032 owing to the aging population and the rising prevalence of chronic diseases requiring prolonged hospital stays.

The non-intensive care segment in the medical bed industry will register 5.4% CAGR through 2032, attributed to the increasing demand for general hospital beds in various healthcare settings, such as general wards, long-term care facilities, and home care.

North America medical bed industry recorded USD 1.6 billion in 2023, driven by the region's advanced healthcare infrastructure, high healthcare expenditure, and the presence of major market players.

Prominent firms operating in the market are Besco Medical, Gendron Inc., Getinge AB, GF Health Products Inc., HARD Manufacturing Company, Inc., Hill-Rom Holdings, Inc., Invacare Corporation, Medline Industries Inc., Midmark Corp, Paramount Bed, Co, Ltd, Savaria (Span-America Medical Systems), Stiegelmeyer GmbH & Co Kg, and Stryker Corporation, among others.