The Hospital/Medical Beds Market Will Register A CAGR of 6.4% during the Forecast Period to Reach $6.66 Billion by 2030. Hospital/medical beds are indispensable components required at healthcare facilities used for most patients, who are not in a mobile condition to receive treatment, and rest is of utmost importance for them. Traditionally used beds are mostly manual and do not have any additional features. Electric smart beds can easily track and monitor patients.
The growth of this market is mainly attributed to the factors such as the rising elderly population coupled with the growing prevalence of chronic diseases, the growing number of hospitals, technological advancements in hospital beds, and the increasing number of surgeries. Moreover, the increasing popularity of smart beds and robotic beds, the rising demand for home care, increasing healthcare expenditures in developing economies, and growing medical tourism offer significant opportunities for market growth.
Here are the top 10 companies operating in the Hospital/Medical Beds Market
Stryker Corporation (U.S.)
Founded in 1941 and headquartered in Michigan, U.S., Stryker is a medical technology company that provides a wide range of products and services, including implants, surgical equipment and navigation systems, patient handling systems, emergency medical equipment, intensive care disposable products, and neurosurgical implants. The company operates through two business segments, namely, MedSurg & Neurotechnology and Orthopedics & Spine.
The MedSurg & Neurotechnology segment is further segmented into Medical, Endoscopy, Instruments, Neurovascular, Neuro Cranial, and Other. The company provides hospital beds through the Medical segment.
Stryker has manufacturing and distribution facilities for products under the MedSurg business segment in the U.S. in Arizona, California, Florida, Illinois, Indiana, Michigan, Puerto Rico, Texas, and Washington. Outside the U.S., it has manufacturing facilities in France, Germany, China, Canada, Ireland, Mexico, Puerto Rico, Switzerland, and Turkey.
Some of the major subsidiaries of the company include MAKO Surgical Corp. (U.S.), Stryker Canada ULC (Canada), Stryker (Beijing) Healthcare Products Co., Ltd. (China), Stryker GmbH & Co. KG (Germany), Stryker Italia S.r.l. (Italy), Stryker Japan KK (Japan), Stryker UK Limited (U.K.), and Stryker (India) Pvt. Ltd.
Hill-Rom Holdings Inc. (Part of Baxter International Inc.). (U.S.)
Incorporated in 1969 and headquartered in Illinois, U.S., Hill-Rom is a manufacturer and provider of medical technologies and related services to the healthcare industry. The company operates through three business segments, namely, Patient Support Systems, Front Line Care, and Surgical Solutions. The Patient Support Systems business segment provides hospital beds.
Hill-Rom manufactures products in its primary U.S. facility and distributes them through a network of 161 North American and 37 international service centers. The major subsidiaries of the company include Hill-Rom Holdings, Inc (U.S.), Hill-Rom Canada, Ltd., Hill Rom GmbH (Germany), Hill-Rom Japan Co., Ltd., Hill-Rom S.p.A. (Italy), Hill-Rom UK, Hill-Rom MEA (U.A.E.), Hill-Rom Shanghai, Ltd. (China), Hill-Rom India Private, Ltd., and Hill-Rom de Mexico. As of September 30, 2021, the company had a headcount of ~10,000 employees.
Linet Group SE (Czech Republic)
Founded in 1990 and headquartered in Slaný, Czech Republic, LINET Group is a manufacturer of beds and a supplier of healthcare solutions. The company provides solutions for intensive care, products for regular in-bed treatment, and special beds for elderly homes and long-term care facilities. It also provides a wide range of accessories, such as gearboxes, equipment for transport, and furniture.
The company has two brands, namely, LINET and WiBo. LINET specializes in producing hospital beds, while WiBo produces beds for residential and social care.
With its subsidiaries and a strong distribution network, LINET Group has a presence across the U.K., the Netherlands, France, Sweden, and the U.S.. Major subsidiaries of the company include BORCAD cz s.r.o.(Czech Republic), LINET Americas (U.S.), LINET MEA (UAE), LINET Iberia (Spain), LINET France SAS (France), LINET Italia (Italy), LINET Sweden (Sweden), LINET UK (U.K.), and wissner-bosserhoff GmbH (Germany). The company has four production facilities and has more than 1.2 million advanced beds installed, serving 70,000 customers in more than 120 countries.
Paramount Bed Holdings Co., Ltd. (Japan)
Founded in 1982 and headquartered in Tokyo, Japan, Paramount Bed is engaged in the manufacturing and sales of beds, mattresses, and equipment for medical and nursing care environments. The company operates in the hospital beds market through its Beds segment. Furthermore, Paramount Bed, along with its subsidiaries, provides services, such as the inspection and maintenance of paramount bed products and the leasing and wholesale of welfare care products.
With its subsidiaries and a strong distribution network, Paramount Bed has a geographic presence in North America, Europe, and Asia-Pacific. Some of the company’s major subsidiaries include Paramount Bed Co., Ltd. (Japan), and Paramount Bed Asia Pacific Pte. Ltd. (Singapore). Paramount Bed Indonesia (Indonesia), Paramount Bed (China) Co., Ltd. (China), Paramount Bed (Thailand) Co., Ltd. (Thailand), Paramount Bed India Pvt. Ltd. (India), Paramount Bed Mexico S.A. de C.V.(Mexico), Paramount Bed Vietnam Co., Ltd. (Vietnam), Paramount Bed do Brasil Ltda. (Brazil).
Getinge AB (Sweden)
Founded in 1904 and headquartered in Gothenburg, Sweden, Getinge offers products for use in different applications, including intensive care, cardiovascular procedures, operating room, sterile processing, and pharmaceutical production, for the healthcare and life sciences industries. The company operates through three business segments, namely, Acute Care Therapies, Life Science, and Surgical Workflows. The Acute Care Therapies segment provides products for critical care, cardiac surgery, cardiac assist, vascular systems, cardiopulmonary, and advanced clinical guidance. This segment also provides hospital beds.
Getinge has production facilities in France, China, Poland, Turkey, the U.S., Netherlands, Germany, Sweden, and the U.K. The company sells and distributes its products in around 132 countries globally and has a direct presence in 40 countries. Some of its major subsidiaries include Arjo Huntleigh GmbH (Germany), Getinge USA, Inc. (U.S.), Arjo Ltd Med. AB (Sweden), and Arjo Huntleigh International Limited (U.S.).
Meticulous Research in its latest publication on Hospital/Medical Beds Market has predicted the growth of 6.4% during the forecast year 2023-2030
Invacare Corporation (U.S.)
Established in 1979 and headquartered in Ohio, U.S., Invacare is engaged in the manufacturing and distribution of home and long-term care medical products that promote recovery and active lifestyles. The company distributes and manufactures medical equipment used in non-acute care through its subsidiaries.
Invacare operates through three geographic segments, namely, North America, Europe, and All Other. The company provides products in four categories: mobility and seating, lifestyle, respiratory therapy, and other, which includes various services such as repair services, equipment rentals, and external contracting.
The lifestyle category provides hospital beds, pressure-relieving sleep surfaces, safe patient handling, manual wheelchairs, and personal care products.
Invacare has manufacturing sites in North America and Europe and beds manufacturing sites in Portugal and Sweden. The company provides its products to markets in Asia-Pacific, the Middle East & Africa, and in nearly 100 countries around the world. Some of its major subsidiaries include Invacare GmbH (Germany), Invacare SA (Spain), Invacare NV (Belgium), Invacare UK (U.K.), Invacare International GmbH (Switzerland), and Invacare BV (Netherlands).
Savaria Corporation (Canada)
Incorporated in 1970 and headquartered in Laval, Canada, Savaria Corporation offers its products and services to the physically challenged to increase their mobility, comfort, and independence. Savaria is engaged in designing, distributing, installing, and manufacturing accessibility instruments, including stairlifts for straight and curved stairs, elevators for home and commercial use, vertical and inclined wheelchair lifts, and ceiling lifts.
The company also markets and manufactures a wide range of products for pressure management for the medical market, foam pillows and mattress overlays for the retail market, medical beds for the long-term care market, and other products for the industrial markets. Additionally, it adapts and converts vehicles to wheelchair accessible.
Savaria operates through three segments, namely, Accessibility, Patient Care, and Adapted Vehicles. The Patient Care segment provides medical/hospital beds. In June 2017, Savaria Corporation (Canada) acquired Span-America Medical Systems Inc. (U.S.). Span manufactures medical beds, therapeutic support surfaces, and other products for healthcare facilities used in long-term and nursing homes. The company’s Beams Ville, Ontario (U.S.) facility is engaged in the manufacturing of beds.
Savaria Corporation has fifteen manufacturing/distribution centers, seven plants in Canada, four in Europe, two in the U.S., and two in China. The company has 30 direct sales offices in the U.S., Canada, seven European countries, China, Colombia, and Australia. Some of the major subsidiaries of the company include Handicare USA LLC (U.S.), Span-America Medical Systems, Inc (U.S.), and Companion Stairlifts Ltd (U.K.), among others.
Stiegelmeyer Gmbh & Co. KG (Germany)
Founded in 1900 and headquartered in Herford, Germany, Stiegelmeyer is engaged in the designing, manufacturing, and development of premium quality hospital and care products. The company operates through four divisions, namely, Hospital, Nursing Homes, Lifestyle Beds, and Homecare.
Stiegelmeyer provides beds and furniture used in hospitals, care facilities, and home care settings. Its product portfolio ranges from infant trolleys to intensive care beds.
With its subsidiaries and a strong distribution network, Stiegelmeyer has a presence in more than 60 countries, with distribution companies in Belgium, Finland, France, the Netherlands, China, Poland, and South Africa and production sites in Germany and Poland. Some of its major subsidiaries include Stiegelmeyer China Co. Ltd. (China), Burmeier GmbH & Co. KG (Germany), Stiegelmeyer Sp. z o.o. (Poland), Stiegelmeyer SAS (France), and Stiegelmeyer Africa (PTY) Ltd (South Africa).
Joerns Healthcare LLC. (U.S.)
Founded in 1889 and headquartered in North Carolina, U.S., Joerns Healthcare manufactures and provides healthcare beds, therapeutic surfaces, patient handling products, negative pressure wound therapy devices, DME equipment, and related services. The company provides its products and services to more than 120 service locations through its advanced asset management technology and logistics systems associates.
With its subsidiaries and strong distribution and service networks, Joerns Healthcare has a presence across North America and Europe. Some of its major subsidiaries are Sten Barr Medical, Inc. (U.S.), Tollos, Inc. (U.S.), and Dynamic Medical Systems (U.S.).
Drive Devilbiss Healthcare (U.S.)
Founded in 2000 and headquartered in New York, U.S., Drive DeVilbiss Healthcare is a manufacturer of multiple lines of medical products, such as sleep and respiratory products, mobility products, bariatric products, beds, sleep surfaces and pressure prevention products, wheelchairs, self-assist products, rehabilitation products, power operated wheelchairs, resident room equipment, electrotherapy devices, and personal care products. Through its Beds portfolio, the company offers home care beds, bariatric beds, long-term care beds, and bed accessories, among others.
Drive DeVilbiss provides its products to a wide customer base, which includes healthcare distributors, home healthcare providers, acute care providers, long-term care facilities, and retailers (independent, chains and e-commerce).
The company has corporate offices, distribution facilities, and manufacturing facilities in the U.S., Germany, the U.K., Hon Kong, Romania, China, France, India, Australia, and the Netherlands, and markets its products in Europe, Canada, the U.S., Mexico, Middle East & Asia, and Central and South America. Some of the key subsidiaries of the company include DeVilbiss Healthcare Ltd (U.K.), DeVilbiss Healthcare GmbH (Germany), DeVilbiss Healthcare Pvt Ltd. (India), and Drive DeVilbiss Pyt Ltd. (Australia).
Authoritative Research on the Hospital/Medical Beds Market – Global Opportunity Analysis and Industry Forecast (2023-2030)
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