Global Therapeutic Beds Market - 2024-2031

Global Therapeutic Beds Market - 2024-2031

The global therapeutics beds market reached US$ 4.4 billion in 2023 and is expected to reach US$ 6.5 billion by 2031, growing at a CAGR of 5.1% during the forecast period 2024-2031.

A therapeutic bed is made to give its users particular health advantages when they sleep or relax. These beds frequently have cutting-edge features like movable settings, massage capabilities, or specialty materials to relieve pain, encourage relaxation, and enhance general well-being. They are frequently utilized in medical settings or by people looking for focused treatments for physical illnesses or sleep-related problems.

The primary factors driving the market are the technological advancements in therapeutic bed design, the rising aging population and healthcare needs, and the increasing prevalence of chronic diseases requiring long-term care.

Market Dynamics: Drivers

Technological advancements in therapeutic bed design

The demand for the global therapeutics beds market is driven by multiple factors. One of the key factors is the technological advancements in the therapeutic bed design.

Continuous advancements in healthcare technology have led to the development of innovative therapeutic bed systems. These beds often incorporate features such as adjustable height, pressure redistribution surfaces, and integrated patient monitoring systems. These innovations not only enhance patient comfort but also contribute to well-advanced healthcare infrastructure.

Moreover, key players in the industry more focus on technologically advanced beds to provide more comfort to patients would propel this market growth. For instance, in July 2023, Serta Simmons Bedding continued to bring new products to market by launching the updated Beauty Rest Harmony collection and expanding the Beauty Rest Black Line.

Similarly, in April 2023, GF Health Products launched its new Serenity bariatric bed. This bed is designed to provide safe and comfortable care for patients weighing up to 1,000 pounds.

Also, in March 2023, ArjoHuntleigh launched its new Altura adjustable bed. This bed is designed to improve comfort and mobility for patients in a variety of care settings.

Restraints

Factors such as the high cost of therapeutics beds, lack of expertise in manufacturing therapeutic beds, stringent regulatory approvals, low availability of beds in the hospitals, and limited reimbursement policies, are expected to hamper the market.

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Segment Analysis

The global therapeutics beds market is segmented based on product, application, end-user, and region.

The clinical bed segment accounted for approximately 75.4% of the global therapeutics beds market share

The clinical beds segment is expected to hold the largest market share over the forecast period. Clinical beds in hospitals are specialized medical furniture designed to provide comfort and support for patients in hospitals, facilitating recovery. Clinical therapeutic beds are specially designed beds intended to be used in controlled clinical environments such as nursing homes, diagnostic laboratories, and outpatient clinics.

These beds have features such as electronic elevation, side railings, and wheels, which further enable portability, height adjustment, & patient protection. High ICU admission rates, owing to an increase in the number of accidents, an aging population, and outbreaks of life-threatening infectious diseases, are all driving the segment growth.

Moreover, key players in the market's ongoing technological advancements in healthcare infrastructure drive the demand for these clinical beds in the therapeutics beds market. For instance, in November 2023, Aster DM Healthcare launched a 506-bed multi-specialty hospital. Focuses on accessible and affordable healthcare, emphasizing specialties like oncology, neurosciences, and women’s healthcare.

In addition, major players launching innovative beds for the patient's comfort would propel this market growth. For instance, in February 2023, Stryker launched the SmartMedic platform that enhances existing ICU bed capabilities at hospitals.

Also, in August 2022, Dozee and Midmark will launch India’s first intelligent connected bed with embedded contactless Remote Patient Monitoring (RPM) and an Early Warning System (EWS). These made-in-India-connected beds with integrated continuous vitals monitoring vastly improve patient safety, care efficiency, and clinical outcomes.

Geographical Analysis

North America accounted for approximately 41.2% of the global therapeutics beds market share

North America region is expected to hold the largest market share over the forecast period owing to the high prevalence of chronic diseases, and a well-established healthcare infrastructure that would drive this market in this region.

In addition, the growing geriatric population is one of the major driving factors fueling the growth of the market. As per America’s Health Rankings data released in 2022, approximately 58 million population were 65 years of age and above in the U.S., accounting for 17.3% population. This number is projected to grow by 22% by 2040. Thus, the rapidly rising geriatric population in the U.S. has significant opportunities in the therapeutic bed market.

Moreover, in this region, major key player presence is more focused on investing in advanced medical equipment to improve patient care and comfort, and favorable reimbursement policies and a high level of awareness about healthcare products further drive the market's growth in this region. For instance, in January 2023, US Med-Equip announced a partnership with Turn Medical to launch an automated prone therapy bed for critically ill respiratory patients. This would offer highly efficient solutions to the hospitals and provide high-standard patient care.

Also, in June 2023, Baxter announced its novel next-generation ICU bed namely Progressa+ to support critical care patient needs in healthcare settings in the U.S. Progressa+ would provide the latest technology to serve pulmonary support, skin protection, and mobility features thereby helping hospital staff and patients.

Market Segmentation

By Product
• Clinical Beds
Regular Beds
ICU Beds
Pediatric Beds
Birthing Beds
Bariatric Beds
Low Air Loss Beds
• Household Beds
• Others

By Application
• Acute Care Beds
• Critical Care Beds
• Long-term Beds

By End-Users
• Hospitals and Clinics
• Reproductive Care Centers
• Others

By Region
• North America
U.S.
Canada
Mexico
• Europe
Germany
U.K.
France
Spain
Italy
Rest of Europe
• South America
Brazil
Argentina
Rest of South America
• Asia-Pacific
China
India
Japan
South Korea
Rest of Asia-Pacific
• Middle East and Africa

Competitive Landscape

The major global players in the therapeutics beds market include Hill Rom, Inc. (Baxter), Stryker, Invacare Corporation, Arjo, Linet Group, Paramount Bed Co., Ltd, Gendron, and Savion Industries Ltd, Joerns Healthcare, and Transfer Master among others.

Key Developments

 In May 2024, Serta Simmons Bedding (SSB), a leading global sleep company, announced today the launch of its new Serta, iComfort Collection. Designed to ensure all-night comfort, the new all-foam collection features 5 support zones for full-body alignment.

 In February 2023, Hill-Rom launched its new Centrella H650 hospital bed. This bed features several innovative features, including a new pressure redistribution mattress, a new fall prevention system, and a new integrated patient monitoring system.

 In January 2023, Stryker acquired Invacare's medical beds business for USD 1.3 billion. This acquisition will strengthen Stryker's position in the therapeutic bed market and give it access to Invacare's innovative bed designs.

Why Purchase the Report?
• To visualize the global therapeutics beds market segmentation based on product, application, end-user, and region, as well as understand key commercial assets and players.
• Identify commercial opportunities by analyzing trends and co-development
• Excel data sheet with numerous data points of global therapeutics beds market level with all segments.
• PDF report consists of a comprehensive analysis after exhaustive qualitative interviews and an in-depth study.
• Product mapping is available in Excel consisting of key products of all the major players.

The global therapeutics beds market report would provide approximately 62 tables, 58 figures, and 182 Pages.

Target Audience 2024
• Manufacturers/ Buyers
• Industry Investors/Investment Bankers
• Research Professionals
• Emerging Companies