Therapeutic Bed Market Size To Reach $6.5 Billion By 2030

Therapeutic Bed Market Growth & Trends

The global therapeutic bed market size is expected to reach USD 6.5 billion by 2030, registering a CAGR of 5.09% from 2023 to 2030, according to a new report by Grand View Research, Inc. The increasing prevalence of chronic disorders, such as cancer, heart disorders, neurological disorders, kidney disorders, and others, and the growing geriatric population are the key driving factors for the market. According to the WHO, in 2020, the chronic illness prevalence increased by 57%, which is anticipated to spur market growth in the near future. The COVID-19 outbreak in 2020 increased the demand for therapeutic beds significantly.

The pandemic has boosted the demand for emergency supplies, medicines, and medical equipment, such as ventilators, and hospital beds, as a result of increased hospital admissions. In addition, firms are also adopting several strategies, such as collaborations and new product launches, to help healthcare workers. For instance, in August 2020, Project C.U.R.E. received 22,500 Emergency Relief Bed (ERB) sets from Stryker. A mattress, IV pole, and bed frame were included in the ERB kits. As a result, the market is likely to grow substantially in the near future.

Furthermore, pressure injuries are a common and significant economic challenge for healthcare systems globally, costing the U.S. healthcare system more than USD 23.50 billion each year. Various manufacturers began offering solutions, such as special beds, therapeutic mattresses, and repositioning solutions, to reduce the burden of pressure injuries. Moreover, after the onset of the COVID-19 pandemic, there has been extensive demand for pressure relief beds & mattresses in hospitals and rehabilitation centers. These factors are expected to boost the market growth over the forecast period.

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Therapeutic Bed Market Report Highlights

• The clinical beds product segment held the largest share of around 48.75% in 2022.

• High ICU admission rates owing to a rise in the number of accidents, growth in the geriatric population, and outbreaks of life-threatening infectious diseases are driving the segment.

• The acute care beds application segment held the largest share of around 43.0% in 2022.

• This growth was attributed to multifunctional applications, such as managing labor (maternity), providing treatment to the injury, reducing the severity of mental illness, and protecting against exacerbation or complications.

• The market in Europe held a substantial revenue share of 35.7% in 2022 owing to a rise in the number of surgical procedures, high geriatric population, and favorable reimbursement policies in the region.

Therapeutic Bed Market Segmentation

Grand View Research has segmented the global therapeutic bed market on the basis of product, application, end-use, and region:

Therapeutic Bed Product Outlook (Revenue, USD Million, 2018 - 2030)

• Clinical Beds

  • Regular Beds

  • ICU Beds

  • Pediatric Beds

  • Birthing Beds

  • Bariatric Beds

  • Low Air Loss Beds

  • Others

• Household Beds

• Accessories

Therapeutic Bed Application Outlook (Revenue, USD Million, 2018 - 2030)

• Acute Care Beds

• Critical Care Beds

• Long-term Beds

Therapeutic Bed End-use Outlook (Revenue, USD Million, 2018 - 2030)

• Hospital & Clinics

• Reproductive Care Centers

• Others

Therapeutic Bed Regional Outlook (Revenue, USD Million, 2018 - 2030)

• North America

  • U.S.

  • Canada

• Europe

  • UK

  • Germany

  • France

  • Spain

  • Italy

  • Denmark

  • Sweden

  • Norway

• Asia Pacific

  • Japan

  • China

  • India

  • Australia

  • Thailand

  • South Korea

• Latin America

  • Brazil

  • Mexico

  • Argentina

• Middle East & Africa

  • South Africa

  • Saudi Arabia

  • UAE

  • Kuwait

List of Key Players in the Therapeutic Bed Market

• Hill Rom, Inc. (Baxter)

• Stryker Corporation

• Invacare Corporation

• Medline Industries

• Medical Depot Inc.

• GF Health Products, Inc.

• Centromed Ltd.

• Arjo

• Amico Group of Companies

• Bakare Beds Ltd.

• Gendron, Inc.

• Hard Manufacturing Company Inc.