The Medical / Hospital Beds Market is expected to grow at a CAGR of 7.8% from 2020 to 2027 to reach at 5.23 billion by 2027. .
Hospital beds are specially designed for patients to provide them with extra comfort, relief, and convenience during the time of hospitalization. Increasing prevalence of diseases, frequent outbreaks of pandemic such as corona, Ebola, and growing investments on healthcare facilities such as hospitals and clinics are the major factors driving demand for hospital beds ultimately leading to market growth.
Currently, leading players are consistently working to improve the patient experience and to also provide caregiver with the required assistance. For instance, in December 2018, Hill-Rom Holdings, Inc. (U.S.) launched continuous monitoring system EarlySense to be used with Hill-Rom’s Centrella Smart+ bed platform for continuous monitoring of heart rate and respiratory functions. Similarly, in October 2016, Stiegelmeyer Group (Germany) launched new dorm bed Carino, suitable for rehabilitation facilities or psychosomatic treatment centers, and residential homes. In addition, various advancements have been made in the development of bariatric beds to promote safety to the user, simplify patient handling for caregivers, along with notable clinical benefits.
Here are the leading 10 companies operating in hospital beds market–
Founded in 1946 and headquartered at Michigan, the U.S.; Stryker Corporation together with its subsidiaries operates as medical technology company. The company operates through three business segments namely Orthopedics; MedSurg; and Neurotechnology and Spine. The company provides hospital beds under the MedSurg business segment.
With its subsidiaries and strong network of distribution, the company has its presence in North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. The company has manufacturing and distribution facilities for products under MedSurg business segment in the U.S. – in Michigan, California, Illinois, Washington, Utah, Florida, and Texas.
Outside the U.S., it has manufacturing facilities located in Ireland, Germany, Mexico, Puerto Rico, Switzerland, Turkey, and the U.K. The major subsidiaries of the company include MAKO Surgical Corp. (U.S.), Stryker Japan KK (Japan), and Stryker (India) Pvt. Ltd.
Hill-Rom Holdings Inc.
Founded in 1969 and headquartered at Chicago, the U.S.; Hill-Rom Holdings, Inc. is a manufacturer and provider of medical technologies and related services to healthcare industry. The company operates through three business segments, namely, Patient Support Systems, Front Line Care, and Surgical Solutions. The company provides hospital beds under the Patient Support Systems business segment.
With its subsidiaries and strong network of distribution, the company has its presence in various regions such as North America, Europe, Asia- Pacific, Latin America, and Middle East & Africa. The major subsidiaries of the company include Hill-Rom (U.S.), Hill Rom GmbH (Germany), and Hill-Rom Japan Co., Ltd (Japan).
Founded in 1904 and headquartered at Gothenburg, Sweden; Getinge AB offers products to the healthcare and life sciences industries. The company operates through two business segments, namely, Acute Care Therapies and Surgical Workflows. The company expanded the portfolio of medical beds, patient lifts, and bathing solutions by the acquisition of the Swedish company Arjo in 1995. The company provides hospital beds under the acute care business segment.
With its subsidiaries and a strong network of distribution, the company has its presence in various regions such as North America, Europe, Asia- Pacific, Latin America, and Middle East & Africa. The major subsidiaries of the company include ArjoHuntleigh GmbH (Germany), Getinge USA, Inc. (U.S.), and ArjoHuntleigh International Limited (U.S.).
Founded in 1885 and headquartered in Ohio, the U.S.; Invacare Corporation is engaged in the manufacture and distribution of home and long-term care medical products that promote recovery and active lifestyle. The Company manufactures and distributes products in three key product categories: mobility and seating, lifestyle, and respiratory therapy. The company provides hospital beds under mobility and seating product category.
With its subsidiaries and a strong network of distribution, the company has its presence in various regions such as North America, Europe, and Asia- Pacific. The company has eight manufacturing facilities in Europe and manufactures beds in Portugal and Sweden. The major subsidiaries of the company include Invacare GmbH (Germany), Invacare SA (Spain), and Invacare BV (Netherlands).
Paramount Bed Holdings
Founded in 1982 and headquartered at Tokyo, Japan; Paramount Bed Holdings Co., Ltd. is engaged in manufacturing and sales of beds, mattresses, and equipment for medical and nursing care environments. The company operates through one reportable segment, related to the bed business. The company along with its subsidiaries also provides services such as the inspection and maintenance of Paramount Bed products and the leasing and wholesaling of welfare care products.
With its subsidiaries and strong network of distribution, the company has its presence in various regions such as North America, Europe, and Asia-Pacific. The major subsidiaries of the company include Paramount Bed Co., Ltd. (Japan) and Sunnetwork Corp. (Japan).
A report into the projected growth of the current hospital beds market by Meticulous Research® has produced some incredible forecasts for the industry. By 2027, it’s expected to have grown at a CAGR of 7.8%, reaching over 5.23 billion.
Medline Industries, Inc.
Founded in 1966 and headquartered at Illinois, the U.S.; Medline Industries, Inc. is a manufacturer and distributor of medical supplies providing products and education and support across the continuum of care.
The company also distributes beds of Big Boyz Industries Inc (U.S.), Drive/Devilbiss Healthcare, Inc. (U.S.), Gendron, Inc. (U.S.), Joerns Healthcare LLC. (U.S.), Span-America Medical Systems (U.S.), Amico Corporation (U.S.), Hill-Rom Holdings, Inc.(U.S.), Stryker Corporation (U.S.), Pedicraft Inc. (U.S.), Graham-Field Products, Inc. (U.S.), Norix Group Inc (U.S.), Novum Medical Products, Inc. (U.S.), AliMed, Inc. (U.S.), Integrity Medical Solutions, Inc. (U.S.), Kamp-Rite Tent Cot, Inc (U.S.), Leggett & Platt (U.S.), Mjm International Corporation (U.S.).
With its subsidiaries and a strong network of distribution, the company has its presence in various regions such as North America, Europe, and Asia-Pacific. The major subsidiaries of the company include Medline Austria GmbH (Austria), Medline International Germany GmbH (Germany), Medline International B.V. (Netherlands), and Medline Industries Ltd (U.K.).
Joh. Stiegelmeyer GmBH & Co. KG
Founded in 1900 and headquartered at Herford, Germany; Joh. Stiegelmeyer GmBH & Co. KG is engaged in the designing, manufacturing, and development of premium quality hospital and care products. The company product ranges from infant trolleys to intensive care beds, also it provides bedside cabinets, transport chairs and stretchers, and accessories.
With its subsidiaries and strong network of distribution, the company has its presence in more than 60 countries with distribution companies in Belgium, Finland, France, the Netherlands, Poland, and South Africa. The major subsidiaries of the company include Burmeier GmbH & Co. KG (Germany), Stiegelmeyer Sp. z o.o. (Poland), Stiegelmeyer SAS (France), and Stiegelmeyer Africa (PTY) Ltd (South Africa).
Founded in 1871 and headquartered at Ohio, the U.S.; Gendron, Inc. is engaged in the designing and manufacturing of bariatric patient care products. The company serves various products for the acute care, long term care, long term alternate care, rehabilitation and home care.
The company provides beds and associated mattress surfaces, patient lift devices, transfer and transport devices, mobility, seating and personal care for bariatric patients.
LINET Group SE
Founded in 1990 and headquartered at Slaný, Czech Republic; LINET Group SE is a European manufacturer of beds and suppliers of healthcare solutions. The company provides solutions for intensive care, products for regular in-bed treatment, and also special beds for old people’s homes and long-term care facilities. The company has two brands namely LINET and WiBo. LINET specializes in the production of hospital beds, while WiBo produces beds for residential and social care.
With its subsidiaries and a strong network of distribution, the company has its presence in hospital beds market, across the U.K., the Netherlands, France, Sweden, and the U.S. The company has two manufacturing locations-in Želevčice near Slaný (Czech Republic), and Wickede (Germany). The major subsidiaries of the company include LINET MEA (U.A.E), LINET Iberia (Spain), and LINET Americas (U.S.).
Joerns Healthcare LLC
Founded in 1889 and headquartered in North Carolina, the U.S.; Joerns Healthcare LLC. is a manufacturer of healthcare beds, therapeutic surfaces, patient handling products, and a provider of negative pressure wound therapy devices, DME equipment, and services to the post-acute market. The company provides its services at 130 sites, through 700 associates with the advanced asset management technology and logistics systems.
With its subsidiaries and a strong network of distribution and service network, the company has its presence across North America and Europe. The major subsidiaries of the company include Sten Barr Medical, Inc. (U.S.), and Tollos, Inc. (U.S.).
Popular mentions: Span-America Medical Systems, Inc., Savion Industries, and Malvestio Spa
Medical/Hospital Beds Market by Product (Bed, Accessories), Technology (Power, Manual), Type of Care (Curative, Rehabilitation), Healthcare Facilities (Critical, Bariatric, Long-term, Paediatric, Maternal, Home Care) – Global Forecast to 2027
Meticulous Research®’s new report covers each of these companies in much more detail, providing analysis on the following:
- Recent financial performance
- Key products
- Significant company strategies
- Partnerships and acquisitions
The Comprehensive report provides global market size estimates, market share analysis, revenue numbers, and coverage of key issues and trends.
Requirement of Medical/Hospital Beds due to COVID-19, By Country
|Country||Number of Medical/Hospital Beds Require|
Source: World Health Organization (WHO), Institute for Health Metrics and Evaluation (IHME), and Organisation for Economic Co-operation and Development (OECD)
Note: * depicts the estimated requirement of medical/hospital beds
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Key questions answered in the report:
Growing adoption of Hospital beds in developing countries will propel the overall Hospital beds market
- How does the adoption of hospital beds in developed regions differ from developing countries like India, and China?
- How is the competition between the major global and prominent local players in this market?
- Which are the high growth market segments in terms of product, area of use, type of care, technology, end users, regions, and countries?
Hospitals accounted for the largest share of the hospital beds market globally
- What factors contribute to the frequent usage of overall hospital beds products in hospitals?
- Which geographic segment is expected to experience the fastest growth in the usage of hospital beds in hospitals, elderly care settings, home care settings, and others?
- How does the adoption of hospital beds in hospitals differ from other end users such as elderly care settings and home care settings?
Hospital beds market favors both larger and local manufacturers that compete in multiple segments
- Who are the top competitors in this market and what strategies do they employ to gain shares?
- What is driving growth and which market segments have the most potential for revenue expansion over the forecast period?
- What strategies should new companies look to enter this market to compete effectively?
- What are the major drivers, restraints, opportunities, and trends in the hospital beds market?
- Who are the major players in various countries and what share of the market do they hold?
- What are the geographical trends and high growth regions/ countries?
Recent partnerships, acquisitions, and expansions have taken place in the global Hospital beds market
- Which companies have recently merged/acquired and how will these unions affect the competitive landscape of the hospital beds market?
- Which companies have created partnerships and how will these partnerships promote a competitive advantage?
- Who are the major players in the global hospital beds market and what share of the market do they hold?
- Who are the local emerging players in the global hospital beds market and how do they compete with the global players?
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