Therapeutic Bed Market Overview
The Therapeutic Bed Market size is estimated to reach $4.3 billion by 2027. Furthermore, it is poised to grow at a CAGR of 3.2% over the forecast period of 2022-2027. Therapeutic beds are used across the household regimen and commercial or hospital regimen. More often than not, patients after going through rigorous medical treatment need to pertain a therapeutic bed that can offer them ease of resting while also trying to recover. Product launches have sustainably allowed the market to grow. For example, floatation mattress Floatation mattresses have started taking a grip over the market. Moreover, floatation sleep helps in offering firmness and temperature adjustment, which can be varied across the different sleepers. Hence, the unique firmness offered has become their USP. During, radiotherapy the bed so often used is set across to cater to the varied nature and demands of the patients. Since the process can be long and tedious, and more often than not MRIs has done post-surgery require the patient to go for a scan, hence has readily supplemented the therapeutic bed industry outlook. The growing number of geriatric patients along with the surge in surgeries pertaining to orthopedic ailments have been identified as the key driver for the Therapeutic Bed Industry.
Report Coverage
The report: “Therapeutic
Bed Market Forecast (2022-2027)", by Industry ARC covers an in-depth analysis
of the following segments of the Therapeutic Bed Market.
Key Takeaways
- Geographically, North America’s therapeutic bed market held a dominant share in the year 2020. It is owing to the high load of patients being admitted owing to the pandemic. Additionally, the USA hospital infrastructure has been robust, which further allows the therapeutic market to sustain itself. However, Asia-Pacific is set to offer lucrative growth opportunities to the marketers owing to changing government focus to enhance the medical infrastructure, and the high inflow of FDI especially pertaining to medical tourism will allow the therapeutic market to grow at a steadfast pace.
- The growing geriatric population along with the availability of multiple surgical operations have been the key driver for the market. However, the high cost associated with the acquisition of therapeutic beds has acted as a ready market challenge.
- A detailed analysis of strengths, weaknesses, opportunities, and threats will be provided in the Therapeutic Bed Market Report.
Therapeutic Bed Market- Geography (%) for 2021.
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Therapeutic Bed Market Segmentation Analysis- By Product
The therapeutic bed market based on the product can be further
segmented into clinical beds, household beds, and accessories. The clinical bed
held a dominant market share in the year 2021. It is owing to the demand unfurled
due to the COVID-19 pandemic. As per WHO, there have been confirmed cases of
around 250 million who have/were infected with the said virus. Moreover, owing
to cardiovascular ailments and diabetes, the predominant population was admitted
to hospitals. Moreover, American Diabetes Association has stated that
people afflicted with diabetes have a higher chance of needing a ventilator or
hospital bed. The following reason made the demand for clinical beds more and
prevalent in the year 2021.
However, the household beds segment is estimated to be the
fastest-growing, with a CAGR of 3.8% over the forecast period of 2022-2027. It
is owing to the predominant product launches within the household bed segment.
Moreover, the growing preference for ASCs will further propel the demand for the household
beg segment.
Therapeutic Bed Market Segmentation Analysis- By Technology
The therapeutic bed market based on technology can be
further segmented into Manual, Electrically
Powered, and Smart beds. Manually operated therapeutic beds held a dominant
market share in the year 2021. It is owing to the ease by which these beds are manufactured, and the low cost of the manually
operated therapeutic bed is boosting the demand. For example, a manual hospital bed would cost close to $500, hence,
the bed can be easily bought by the households as well. Moreover, patients
reported “low-complexity” as a major factor while deciding on the technology type,
which further helped the segment.
However, the smart bed
segment is estimated to be the fastest-growing, with a CAGR of 4.1% over the
forecast period of 2022-2027. It is owing to the use of IoT and AI within the
said technology, which further eases the patient’s care. The predominant product
launched has further taken a grip over patients. Research shows that between
700,000 and 1 million patients experience a fall while being treated in the
hospital annually, with 79 percent of falls occurring on or near a bed while
unassisted. The following reason would allow the market to grow.
Therapeutic Bed Market Segmentation Analysis- By Geography
The Therapeutic Bed Market based on Geography can be
further segmented into North America, Europe, Asia-Pacific, South America, and
the Rest of the World. North America’s therapeutic bed market held a dominant
market share of 36% over the other regions in the year 2021. As per a news
bulletin in NY Times, there were close to 5 million hospital admissions in the
ICU in the US for the period of 2020. Hence, the market was critically hit by
pandemics, however, the pandemic aided in the market growth of the said market. Additionally,
the Invacare chief said that the demand for hospital beds and ventilators
demand was particularly focussed owing to the high hospital admissions.
However, Asia-Pacific is set to grow at a lucrative pace and
will offer multiple opportunities to the marketers owing to the enhanced focus
of the government to aid the medical infrastructure. States within India are
seeing a surge of new hospital lines setup, which will predominantly help the therapeutic
bed market. Lastly, the region saw a 137% increase in the medical bill
allocation for the year 2021. The following policies and measures will allow
the therapeutic bed market to grow in the projected period of 2022-2027, and thereby aid the therapeutic bed industry outlook.
Therapeutic Bed Market Drivers
The steadfast growth in the geriatric population has been an active driver for the therapeutic bed market driver.
Various governmental organizations and personal institutions,
such as private researchers, hospitals, and insurance companies have highlighted
that the geriatric population is growing at a pace, much higher than anticipated.
The following will directly reflect in the higher utilization of beds,
especially pertaining to long ICU stay and home care. For example, CDC
estimated that by 2036, the population in the US above 65 will be break-even with
the younger adults. Furthermore, they estimate that by 2050, the geriatric
population will overtake the younger adult population. Moreover, the growing
geriatric trends are felt in the regions of Asia-Pacific as well as Europe. As
per the latest EU issue, the demographic has a weightage of 21% towards the
senior population. Further, with the dampening rate of fertility rates in Asia-Pacific,
the senior population will only boost. Thereby, the given factor has and will readily
aid the market growth.
The growing prevalence of using ASCs in places of hospitals has made the therapeutic bed market stronger.
ASC or Ambulatory Surgical Centres are gaining immense
traction within the developed countries. The preference is owing to a short
hospital stay, ease of getting medical benefits, and heightened patient care. Additionally,
the US is estimated to save around $32 billion by 2022 if they adopt the ASC
setup. The short hospital stay will correlate to the growth of household beds
within the therapeutic bed market. Since the predominant operation conducted
by the ASC is orthopedic, patients are advised to use the therapeutic bed for a
short amount of time to provide comfort and faster healing.
Therapeutic Bed Market Challenges
The prevalence of secondhand or rental therapeutic beds has hampered market growth.
Patients must save money when it comes to buying medical
devices for a short span of time. Hospital beds/ therapeutic beds are now being
rented in the secondary market. The average costs to rent a therapeutic bed can
cost anywhere between $200-$500. Moreover, the ICU bed by brand such as
Hope-Full can cost anywhere between $4000, especially for ICU beds. Similarly,
Invacare’s therapeutic bed can cost anywhere between $1600. Hence, the cost-saving can be as high as 3.5x than buying a new one. Especially, the orthopedic
treatment or short-term operative stay would require the person to stay not
more than a month. Hence, the following factors have dampened the market
growth.
Therapeutic Bed Market Industry Outlook
Product launches, mergers and acquisitions, joint ventures,
and geographical expansions are key strategies adopted by players in the Therapeutic
Bed Market. The top 10 companies Therapeutic Bed Market include:
- Drive Medical Co.
- Invacare
- HopeFULL
- Hill Rom
- Stryker Corporation
- Gendron
- Hard Manufacturing Co.
- GF Health Products
- Sunrise Medical
- Medline Industries
Therapeutic Bed Market Developments
- In May 2021, the US-based KCE bed launched the first-ever revolutionary new side sleeping electric adjustable bed. Many individuals experience relief from conditions such as sleep apnea, snoring, acid reflux, heartburn, body aches, high blood pressure, and anxiety when they adopt a side sleeping position. In fact, side sleeping is the #1 natural sleep position as described by doctors and scientists. Moreover, the company plans to achieve better results by including IoT in the said beds to enhance the user experience.
- In October 2020, Stryker launched the industry’s first-ever completely wireless hospital bed. The bed has been named “Pro-Cuity.” The invention behind the bed was to reduce in-hospital patient falls at all possible levels. Additionally, the product would improve the nurse workflow efficiencies and safety, by simultaneously keeping the hospital costs down. Researchers have found that 700,000 to 1 million experience a fall.
- In September 2020, Niagara Therapy launched its Niagara Therapy “Adjustmatic” Electric Adjustable sleep system. The following is a wireless touch-controlled fully-adjustable sleep system, which is available across all size ranges and can fulfill various suites' requirements. Niagara cycloid vibration therapy (CVT) motors are built-in to provide a full-body delivery system for a complete Niagara therapy experience.
Relevant Titles
LIST OF TABLES
1.Global Therapeutic Bed Product Outlook Market 2023-2030 ($M)1.1 Clinical Bed Market 2023-2030 ($M) - Global Industry Research
1.1.1 Regular Medical Bed Market 2023-2030 ($M)
1.1.2 Icu Bed Market 2023-2030 ($M)
1.1.3 Pediatric Bed Market 2023-2030 ($M)
1.1.4 Birthing Bed Market 2023-2030 ($M)
1.1.5 Bariatric Bed Market 2023-2030 ($M)
1.1.6 Low Air Loss Bed System Market 2023-2030 ($M)
1.2 Household Bed Market 2023-2030 ($M) - Global Industry Research
1.3 Accessory Market 2023-2030 ($M) - Global Industry Research
2.Global Competitive Landscape Market 2023-2030 ($M)
2.1 Arjohuntleigh Market 2023-2030 ($M) - Global Industry Research
2.2 Bakare Market 2023-2030 ($M) - Global Industry Research
2.3 Invacare Corporation Market 2023-2030 ($M) - Global Industry Research
2.4 Hill Rom, Inc Market 2023-2030 ($M) - Global Industry Research
2.5 Stryker Corporation Market 2023-2030 ($M) - Global Industry Research
2.6 Gendron, Inc Market 2023-2030 ($M) - Global Industry Research
2.7 Hard Manufacturing Co Market 2023-2030 ($M) - Global Industry Research
2.8 Gf Health Products, Inc Market 2023-2030 ($M) - Global Industry Research
2.9 Sunrise Medical Market 2023-2030 ($M) - Global Industry Research
2.10 Medline Industry Market 2023-2030 ($M) - Global Industry Research
3.Global Therapeutic Bed Product Outlook Market 2023-2030 (Volume/Units)
3.1 Clinical Bed Market 2023-2030 (Volume/Units) - Global Industry Research
3.1.1 Regular Medical Bed Market 2023-2030 (Volume/Units)
3.1.2 Icu Bed Market 2023-2030 (Volume/Units)
3.1.3 Pediatric Bed Market 2023-2030 (Volume/Units)
3.1.4 Birthing Bed Market 2023-2030 (Volume/Units)
3.1.5 Bariatric Bed Market 2023-2030 (Volume/Units)
3.1.6 Low Air Loss Bed System Market 2023-2030 (Volume/Units)
3.2 Household Bed Market 2023-2030 (Volume/Units) - Global Industry Research
3.3 Accessory Market 2023-2030 (Volume/Units) - Global Industry Research
4.Global Competitive Landscape Market 2023-2030 (Volume/Units)
4.1 Arjohuntleigh Market 2023-2030 (Volume/Units) - Global Industry Research
4.2 Bakare Market 2023-2030 (Volume/Units) - Global Industry Research
4.3 Invacare Corporation Market 2023-2030 (Volume/Units) - Global Industry Research
4.4 Hill Rom, Inc Market 2023-2030 (Volume/Units) - Global Industry Research
4.5 Stryker Corporation Market 2023-2030 (Volume/Units) - Global Industry Research
4.6 Gendron, Inc Market 2023-2030 (Volume/Units) - Global Industry Research
4.7 Hard Manufacturing Co Market 2023-2030 (Volume/Units) - Global Industry Research
4.8 Gf Health Products, Inc Market 2023-2030 (Volume/Units) - Global Industry Research
4.9 Sunrise Medical Market 2023-2030 (Volume/Units) - Global Industry Research
4.10 Medline Industry Market 2023-2030 (Volume/Units) - Global Industry Research
5.North America Therapeutic Bed Product Outlook Market 2023-2030 ($M)
5.1 Clinical Bed Market 2023-2030 ($M) - Regional Industry Research
5.1.1 Regular Medical Bed Market 2023-2030 ($M)
5.1.2 Icu Bed Market 2023-2030 ($M)
5.1.3 Pediatric Bed Market 2023-2030 ($M)
5.1.4 Birthing Bed Market 2023-2030 ($M)
5.1.5 Bariatric Bed Market 2023-2030 ($M)
5.1.6 Low Air Loss Bed System Market 2023-2030 ($M)
5.2 Household Bed Market 2023-2030 ($M) - Regional Industry Research
5.3 Accessory Market 2023-2030 ($M) - Regional Industry Research
6.North America Competitive Landscape Market 2023-2030 ($M)
6.1 Arjohuntleigh Market 2023-2030 ($M) - Regional Industry Research
6.2 Bakare Market 2023-2030 ($M) - Regional Industry Research
6.3 Invacare Corporation Market 2023-2030 ($M) - Regional Industry Research
6.4 Hill Rom, Inc Market 2023-2030 ($M) - Regional Industry Research
6.5 Stryker Corporation Market 2023-2030 ($M) - Regional Industry Research
6.6 Gendron, Inc Market 2023-2030 ($M) - Regional Industry Research
6.7 Hard Manufacturing Co Market 2023-2030 ($M) - Regional Industry Research
6.8 Gf Health Products, Inc Market 2023-2030 ($M) - Regional Industry Research
6.9 Sunrise Medical Market 2023-2030 ($M) - Regional Industry Research
6.10 Medline Industry Market 2023-2030 ($M) - Regional Industry Research
7.South America Therapeutic Bed Product Outlook Market 2023-2030 ($M)
7.1 Clinical Bed Market 2023-2030 ($M) - Regional Industry Research
7.1.1 Regular Medical Bed Market 2023-2030 ($M)
7.1.2 Icu Bed Market 2023-2030 ($M)
7.1.3 Pediatric Bed Market 2023-2030 ($M)
7.1.4 Birthing Bed Market 2023-2030 ($M)
7.1.5 Bariatric Bed Market 2023-2030 ($M)
7.1.6 Low Air Loss Bed System Market 2023-2030 ($M)
7.2 Household Bed Market 2023-2030 ($M) - Regional Industry Research
7.3 Accessory Market 2023-2030 ($M) - Regional Industry Research
8.South America Competitive Landscape Market 2023-2030 ($M)
8.1 Arjohuntleigh Market 2023-2030 ($M) - Regional Industry Research
8.2 Bakare Market 2023-2030 ($M) - Regional Industry Research
8.3 Invacare Corporation Market 2023-2030 ($M) - Regional Industry Research
8.4 Hill Rom, Inc Market 2023-2030 ($M) - Regional Industry Research
8.5 Stryker Corporation Market 2023-2030 ($M) - Regional Industry Research
8.6 Gendron, Inc Market 2023-2030 ($M) - Regional Industry Research
8.7 Hard Manufacturing Co Market 2023-2030 ($M) - Regional Industry Research
8.8 Gf Health Products, Inc Market 2023-2030 ($M) - Regional Industry Research
8.9 Sunrise Medical Market 2023-2030 ($M) - Regional Industry Research
8.10 Medline Industry Market 2023-2030 ($M) - Regional Industry Research
9.Europe Therapeutic Bed Product Outlook Market 2023-2030 ($M)
9.1 Clinical Bed Market 2023-2030 ($M) - Regional Industry Research
9.1.1 Regular Medical Bed Market 2023-2030 ($M)
9.1.2 Icu Bed Market 2023-2030 ($M)
9.1.3 Pediatric Bed Market 2023-2030 ($M)
9.1.4 Birthing Bed Market 2023-2030 ($M)
9.1.5 Bariatric Bed Market 2023-2030 ($M)
9.1.6 Low Air Loss Bed System Market 2023-2030 ($M)
9.2 Household Bed Market 2023-2030 ($M) - Regional Industry Research
9.3 Accessory Market 2023-2030 ($M) - Regional Industry Research
10.Europe Competitive Landscape Market 2023-2030 ($M)
10.1 Arjohuntleigh Market 2023-2030 ($M) - Regional Industry Research
10.2 Bakare Market 2023-2030 ($M) - Regional Industry Research
10.3 Invacare Corporation Market 2023-2030 ($M) - Regional Industry Research
10.4 Hill Rom, Inc Market 2023-2030 ($M) - Regional Industry Research
10.5 Stryker Corporation Market 2023-2030 ($M) - Regional Industry Research
10.6 Gendron, Inc Market 2023-2030 ($M) - Regional Industry Research
10.7 Hard Manufacturing Co Market 2023-2030 ($M) - Regional Industry Research
10.8 Gf Health Products, Inc Market 2023-2030 ($M) - Regional Industry Research
10.9 Sunrise Medical Market 2023-2030 ($M) - Regional Industry Research
10.10 Medline Industry Market 2023-2030 ($M) - Regional Industry Research
11.APAC Therapeutic Bed Product Outlook Market 2023-2030 ($M)
11.1 Clinical Bed Market 2023-2030 ($M) - Regional Industry Research
11.1.1 Regular Medical Bed Market 2023-2030 ($M)
11.1.2 Icu Bed Market 2023-2030 ($M)
11.1.3 Pediatric Bed Market 2023-2030 ($M)
11.1.4 Birthing Bed Market 2023-2030 ($M)
11.1.5 Bariatric Bed Market 2023-2030 ($M)
11.1.6 Low Air Loss Bed System Market 2023-2030 ($M)
11.2 Household Bed Market 2023-2030 ($M) - Regional Industry Research
11.3 Accessory Market 2023-2030 ($M) - Regional Industry Research
12.APAC Competitive Landscape Market 2023-2030 ($M)
12.1 Arjohuntleigh Market 2023-2030 ($M) - Regional Industry Research
12.2 Bakare Market 2023-2030 ($M) - Regional Industry Research
12.3 Invacare Corporation Market 2023-2030 ($M) - Regional Industry Research
12.4 Hill Rom, Inc Market 2023-2030 ($M) - Regional Industry Research
12.5 Stryker Corporation Market 2023-2030 ($M) - Regional Industry Research
12.6 Gendron, Inc Market 2023-2030 ($M) - Regional Industry Research
12.7 Hard Manufacturing Co Market 2023-2030 ($M) - Regional Industry Research
12.8 Gf Health Products, Inc Market 2023-2030 ($M) - Regional Industry Research
12.9 Sunrise Medical Market 2023-2030 ($M) - Regional Industry Research
12.10 Medline Industry Market 2023-2030 ($M) - Regional Industry Research
13.MENA Therapeutic Bed Product Outlook Market 2023-2030 ($M)
13.1 Clinical Bed Market 2023-2030 ($M) - Regional Industry Research
13.1.1 Regular Medical Bed Market 2023-2030 ($M)
13.1.2 Icu Bed Market 2023-2030 ($M)
13.1.3 Pediatric Bed Market 2023-2030 ($M)
13.1.4 Birthing Bed Market 2023-2030 ($M)
13.1.5 Bariatric Bed Market 2023-2030 ($M)
13.1.6 Low Air Loss Bed System Market 2023-2030 ($M)
13.2 Household Bed Market 2023-2030 ($M) - Regional Industry Research
13.3 Accessory Market 2023-2030 ($M) - Regional Industry Research
14.MENA Competitive Landscape Market 2023-2030 ($M)
14.1 Arjohuntleigh Market 2023-2030 ($M) - Regional Industry Research
14.2 Bakare Market 2023-2030 ($M) - Regional Industry Research
14.3 Invacare Corporation Market 2023-2030 ($M) - Regional Industry Research
14.4 Hill Rom, Inc Market 2023-2030 ($M) - Regional Industry Research
14.5 Stryker Corporation Market 2023-2030 ($M) - Regional Industry Research
14.6 Gendron, Inc Market 2023-2030 ($M) - Regional Industry Research
14.7 Hard Manufacturing Co Market 2023-2030 ($M) - Regional Industry Research
14.8 Gf Health Products, Inc Market 2023-2030 ($M) - Regional Industry Research
14.9 Sunrise Medical Market 2023-2030 ($M) - Regional Industry Research
14.10 Medline Industry Market 2023-2030 ($M) - Regional Industry Research
LIST OF FIGURES
1.US Therapeutic Bed Market Revenue, 2023-2030 ($M)2.Canada Therapeutic Bed Market Revenue, 2023-2030 ($M)
3.Mexico Therapeutic Bed Market Revenue, 2023-2030 ($M)
4.Brazil Therapeutic Bed Market Revenue, 2023-2030 ($M)
5.Argentina Therapeutic Bed Market Revenue, 2023-2030 ($M)
6.Peru Therapeutic Bed Market Revenue, 2023-2030 ($M)
7.Colombia Therapeutic Bed Market Revenue, 2023-2030 ($M)
8.Chile Therapeutic Bed Market Revenue, 2023-2030 ($M)
9.Rest of South America Therapeutic Bed Market Revenue, 2023-2030 ($M)
10.UK Therapeutic Bed Market Revenue, 2023-2030 ($M)
11.Germany Therapeutic Bed Market Revenue, 2023-2030 ($M)
12.France Therapeutic Bed Market Revenue, 2023-2030 ($M)
13.Italy Therapeutic Bed Market Revenue, 2023-2030 ($M)
14.Spain Therapeutic Bed Market Revenue, 2023-2030 ($M)
15.Rest of Europe Therapeutic Bed Market Revenue, 2023-2030 ($M)
16.China Therapeutic Bed Market Revenue, 2023-2030 ($M)
17.India Therapeutic Bed Market Revenue, 2023-2030 ($M)
18.Japan Therapeutic Bed Market Revenue, 2023-2030 ($M)
19.South Korea Therapeutic Bed Market Revenue, 2023-2030 ($M)
20.South Africa Therapeutic Bed Market Revenue, 2023-2030 ($M)
21.North America Therapeutic Bed By Application
22.South America Therapeutic Bed By Application
23.Europe Therapeutic Bed By Application
24.APAC Therapeutic Bed By Application
25.MENA Therapeutic Bed By Application