Market Overview:
The global homecare medical beds market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing prevalence of chronic diseases, rising geriatric population, and growing demand for homecare services. In addition, technological advancements in medical beds are also contributing to the growth of this market. The global homecare medical beds market is segmented on the basis of type into electric medical beds and manual medical beds. The electric medical bed segment is expected to grow at a higher CAGR than the manual bed segment during the forecast period from 2018 to 2030. This can be attributed to factors such as technological advancements in electric hospital beds and their growing popularity among consumers owing to their features such as adjustable height, tilt-in-space feature, and others that provide comfort and convenience for patients/users.
Product Definition:
Homecare medical beds are beds that are designed for use in the home. They may be used for patients who are recovering from surgery or an illness, or who have a chronic condition that requires regular care.
-Ease of access: Homecare medical beds can be lowered or raised to make it easier for patients to get in and out of bed. This can help reduce the risk of falls and other injuries.
-Comfort: Homecare medical beds often have extra padding or features that make them more comfortable than traditional hospital beds. This can help improve patient comfort and promote healing.
-Convenience: Homecare medical beds can be folded up when not in use, making them easy to store away when not needed. This is especially helpful if space is limited in the home.
Electric Medical Beds:
Electric medical beds are used in hospitals, home care and other healthcare facilities for the treatment of patients. The global electric medical beds market is expected to witness significant growth over the forecast period owing to increasing geriatric population base coupled with rising incidences of chronic diseases such as heart disease, cancer, diabetes and stroke among others. Moreover growing demand for mobility assistance devices due to rapidly aging baby boomers in North America & Europe is also a high impact rendering driver for this market.
Manual Medical Beds:
Manual medical beds are used for treatment and care of patients in hospitals, nursing homes, homecare settings and other healthcare facilities. These beds are also useful for patient transfer from one location to another. The product is available in different sizes depending upon the requirements of the user.
Advantages: It provides comfort to patients during treatment or while taking care of a patient at home or any other facility.
Application Insights:
Based on application, the market is segmented into homecare, other and nursing homes. The other application segment includes hospital beds, institutionalized care and medical mobility services. The homecare segment comprises of personal assistance services (PAS), day rehabilitation centers (DRCs) and residential care facilities (RCFs).
The growing aging population in countries such as Germany, Japan and China is expected to drive the demand for long-term healthcare solutions such as R&D regarding new technologies related to medical furniture in hospitals or at-home treatment options. This factor will have a positive impact on market growth over the forecast period. For instance, according to research conducted by Panasonic Healthcare Co., Ltd., it was found that around 40% of people aged 60+ years prefer visiting hospitals for their health needs but 90% of them would opt for at-home treatment if provided with suitable equipment.
Regional Analysis:
North America dominated the global market in 2017. The presence of a large number of key players, favorable reimbursement policies, and rising healthcare expenditure are some factors driving the growth. According to data published by Global Burden of Disease, in 2016, around 30% population aged 65 years and above is expected to be present in North America by 2050 which will increase demand for homecare medical equipment such as beds.
Asia Pacific is expected to grow at a lucrative rate over the forecast period owing to increasing geriatric population base with chronic diseases coupled with growing awareness about advanced technologies for homecare services delivery. Moreover, economic development coupled with government initiatives such as Ayushman Bharat Yojana (ABY) scheme will also boost regional growth over the forecast period. Increasing investments from public & private entities are anticipated to further fuel market growth during the forecast period (2018-2030).
Growth Factors:
- Increasing geriatric population: The global geriatric population is expected to grow at a CAGR of 6.5% from 2016 to 2020, owing to the increase in life expectancy and the growth in the number of people aged 65 years and above. This will result in an increased demand for homecare medical beds, as they are specifically designed for elderly patients who need assistance with activities of daily living (ADLs).
- Rising prevalence of chronic diseases: The prevalence of chronic diseases such as cancer, heart disease, stroke, and diabetes is increasing globally due to changing lifestyles and aging populations. This is leading to an increased demand for homecare medical beds that can provide specialized care for patients with chronic conditions.
- Technological advancements: Homecare medical beds are becoming increasingly sophisticated with features such as adjustable height, pressure relief systems, built-in scales etc., which are helping improve patient comfort and safety. This is resulting in an increase in their adoption by hospitals and nursing homes worldwide.
Scope Of The Report
Report Attributes
Report Details
Report Title
Homecare Medical Beds Market Research Report
By Type
Electric Medical Beds, Manual Medical Beds
By Application
Nursing Home, Homecare, Other
By Companies
Hill-Rom, Stryker, Paramount Bed, Linet Group, ArjoHuntleigh, Invacare Corporation, Hopefull Medical Equipment, Stiegelmeyer, Joerns Healthcare, Pukang Medical instruments, Malvestio, Völker GmbH, Pardo, Maidesite, Drive Medical, Kangshen Medical Technology, KC-Harvest Medical Equipment, Haelvoet, Yongfa Medical Equipment, Combed Bed
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
196
Number of Tables & Figures
138
Customization Available
Yes, the report can be customized as per your need.
Global Homecare Medical Beds Market Report Segments:
The global Homecare Medical Beds market is segmented on the basis of:
Types
Electric Medical Beds, Manual Medical Beds
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Nursing Home, Homecare, Other
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Hill-Rom
- Stryker
- Paramount Bed
- Linet Group
- ArjoHuntleigh
- Invacare Corporation
- Hopefull Medical Equipment
- Stiegelmeyer
- Joerns Healthcare
- Pukang Medical instruments
- Malvestio
- Völker GmbH
- Pardo
- Maidesite
- Drive Medical
- Kangshen Medical Technology
- KC-Harvest Medical Equipment
- Haelvoet
- Yongfa Medical Equipment
- Combed Bed
Highlights of The Homecare Medical Beds Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Electric Medical Beds
- Manual Medical Beds
- By Application:
- Nursing Home
- Homecare
- Other
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Homecare Medical Beds Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Homecare medical beds are a type of bed that is used to help people who are unable to move around or who have difficulty breathing. These beds can be used in hospitals, nursing homes, and other care facilities.
Some of the major players in the homecare medical beds market are Hill-Rom, Stryker, Paramount Bed, Linet Group, ArjoHuntleigh, Invacare Corporation, Hopefull Medical Equipment, Stiegelmeyer, Joerns Healthcare, Pukang Medical instruments, Malvestio, V¶lker GmbH, Pardo, Maidesite, Drive Medical, Kangshen Medical Technology, KC-Harvest Medical Equipment, Haelvoet, Yongfa Medical Equipment, Combed Bed.
The homecare medical beds market is expected to register a CAGR of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Homecare Medical Beds Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Homecare Medical Beds Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Homecare Medical Beds Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Homecare Medical Beds Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Homecare Medical Beds Market Size & Forecast, 2020-2028
4.5.1 Homecare Medical Beds Market Size and Y-o-Y Growth
4.5.2 Homecare Medical Beds Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 Electric Medical Beds
5.2.2 Manual Medical Beds
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Nursing Home
6.2.2 Homecare
6.2.3 Other
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Homecare Medical Beds Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Homecare Medical Beds Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 Electric Medical Beds
9.6.2 Manual Medical Beds
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Nursing Home
9.10.2 Homecare
9.10.3 Other
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 Electric Medical Beds
10.6.2 Manual Medical Beds
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Nursing Home
10.10.2 Homecare
10.10.3 Other
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 Electric Medical Beds
11.6.2 Manual Medical Beds
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Nursing Home
11.10.2 Homecare
11.10.3 Other
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 Electric Medical Beds
12.6.2 Manual Medical Beds
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Nursing Home
12.10.2 Homecare
12.10.3 Other
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 Electric Medical Beds
13.6.2 Manual Medical Beds
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Nursing Home
13.10.2 Homecare
13.10.3 Other
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Homecare Medical Beds Market: Competitive Dashboard
14.2 Global Homecare Medical Beds Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Hill-Rom
14.3.2 Stryker
14.3.3 Paramount Bed
14.3.4 Linet Group
14.3.5 ArjoHuntleigh
14.3.6 Invacare Corporation
14.3.7 Hopefull Medical Equipment
14.3.8 Stiegelmeyer
14.3.9 Joerns Healthcare
14.3.10 Pukang Medical instruments
14.3.11 Malvestio
14.3.12 Völker GmbH
14.3.13 Pardo
14.3.14 Maidesite
14.3.15 Drive Medical
14.3.16 Kangshen Medical Technology
14.3.17 KC-Harvest Medical Equipment
14.3.18 Haelvoet
14.3.19 Yongfa Medical Equipment
14.3.20 Combed Bed
