Home Nursing Bed Market Size, Share, Growth, And Industry Analysis, By Type (Manual Nursing Bed, Electric Nursing Bed, Home Nursing Bed), By Application (Hospital, Beadhouse, Family, Others), Regional Insights, and Forecast From 2024 To 2031

Home Nursing Bed Market Report Overview

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The global home nursing bed market size was USD 2351.7 million in 2022 and is expected to reach USD 3586.24 million in 2031, exhibiting a CAGR of 4.8% during the forecast period.

A home nursing bed is especially made for people who are confined to beds and require round-the-clock care due to an injury, surgery, or persistent illness. Patients who must spend a significant amount of time in bed while healing can benefit from having a nursing bed. They are adaptable and versatile, making them a better option than a traditional bed for having suitable support and enabling carers to provide high-quality care.

COVID-19 Impact: Infected Patients to Advance Market Growth

The global COVID-19 pandemic has been unprecedented and staggering, with home nursing bed experiencing higher-than-anticipated demand across all regions compared to pre-pandemic levels. The sudden rise in CAGR is attributable to the market's growth and demand returning to pre-pandemic levels once the pandemic is over.

Due to the severe COVID-19 outbreak, there was an unprecedented global need for cutting-edge healthcare infrastructure and services to treat patients. Medical/hospital beds, particularly ICU beds, were in high demand worldwide as one of the fundamental components of healthcare services as a result of an increase of COVID-19 patients. However, the capacity of the accessibility to healthcare beds was insufficient due to the rapidly worsening COVID-19 issues, and the global healthcare sector was facing a shortage of hospital beds. But, the COVID-19 pandemic created an opportunity for the market to expand their services.

Latest Trends

Enhancement in Powered Beds to Intensify Market Magnification

Additionally, in terms of technology, powered beds held the biggest home nursing bed market share for medical beds as a whole. Since they are used more frequently in healthcare facilities in developed regions and are in greater demand there, powered beds have had the biggest share and the sharpest increase. Compared to manual beds, powered beds provide a number of benefits, including easier patient mobility, patient relaxation and position modifications, mobile monitoring, and a fall detection feature.

Home Nursing Bed Market Segmentation

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• By Type Analysis

According to type, the market can be segmented into manual nursing bed, electric nursing bed, home nursing bed

Manual nursing bed are the leading part of the type segment

• By Application Analysis

According to application, the market can be segmented into hospital, beadhouse, family, others

Hospital is the leading part of the application segment

Driving Factors

Elevation in Surgical Procedures to Boost Market Share

The rise in the number of surgical procedures performed and the rise in the frequency of traffic accidents are the two main factors driving the expansion of the global home nursing bed market share. For instance, the U.S. Department of Transportation estimates that 38,680 persons will die in motor vehicle traffic accidents in the coming years. The market is expected to grow as people's healthcare spending and awareness of modern surgical procedures rise.

Elderly Population to Expand Market Forwarding

Additionally, a rise in the elderly population fuels the market's expansion. For instance, the European Union's statistical agency, Eurostat, reported, over more than 20.8% of the population was 65 years of age or older. People who are older are more likely to suffer from long-term diseases and illness for which surgery is advised. Additionally, because of their low bone mass and poor bone regeneration abilities, the elderly population is more prone to bone fractures. The need for hospital beds is therefore driven by the growing elderly population.

Restraining Factors

Manual Nursing Beds to Deplete Market Advancement

Manual nursing beds have the disadvantage of making it challenging to change the linens if the caretaker has a condition that causes joints or spinal ache or is physically frail which will act as an hindrance in the home nursing bed market growth.

Home Nursing Bed Market Regional Insights

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Advantageous Regulatory Reforms to Foster Market Growth in Asia Pacific

Asia Pacific continues to dominate the regional home nursing bed market, while the region is further predicted to develop at the quickest CAGR over the course of the forecast period. Accelerated economic growth in a number of countries, a growing government emphasis on the healthcare sector, an increase in the frequency of chronic diseases, the COVID-19 pandemic, government funding for the widening of health centers, and advantageous regulatory reforms are the factors propelling the growth of the Asia Pacific home nursing bed market.

Key Industry Players

Key Players Focus on Partnerships to Gain a Competitive Advantage

Prominent market players are making collaborative efforts by partnering with other companies to stay ahead of the competition. Many companies are also investing in new product launches to expand their product portfolio. Mergers and acquisitions are also among the key strategies used by players to expand their product portfolios.

The analyst provides a comprehensive picture of the market through the study, synthesis, and summarization of data from various sources, as well as an examination of important variables such as financial gain, sales prices, competition, and promotions. It identifies the key industry influencers and presents various market facets. The information provided is thorough, reliable, and the result of extensive primary and secondary research. The market report provides a comprehensive competitive landscape as well as an in-depth vendor evaluation methodology and analysis based on both qualitative and quantitative studies to accurately forecast market growth.

The reports cover important advances with in market, as well as inorganic and organic growth strategies. Various companies are concentrating on organic business expansion such as product announcements, product approvals, and other things like patents and events. Acquisitions, partnerships, and collaborations were among the inorganic growth strategies observed in the market. The above activities have paved the way for market participants to expand their business and customer base. With the growing demands for filter products in the international market, market participants in the market are expected to benefit from substantial growth opportunities in the near future.

LIST OF TOP HOME NURSING BED COMPANIES

• NOA Medical Industries (U.S.)
• Accora (U.K.)
• LINET (U.S.)
• Nexus DMS (U.K.)
• Sidhil (U.K.)
• Dreamland (Germany)
• FranceBeD (France)
• PARAMOUNT BED (Japan)
• Maidesite (China)
• Zhubang (China)

Report Coverage

The industry's growth was significantly influenced by the tactics employed by market participants in recent years, such as extensions. The report provides details and information on the companies and their interactions with the market. The data is gathered and published through appropriate research, technological advancements, expansions, and expanding machinery and equipment. Other criteria considered for this market are the firms that develop and provide new products, the areas in which they operate, mechanisation, innovative techniques, making the most money, and using their products to have a large social impact. This analysis examines the global and regional effects of the outbreak mostly on the market. The study describes the market share features, and market growth by type, industry, and customer sector.

This research profiles a report with extensive studies that take into description the firms that exist in the market affecting the forecasting period. With detailed studies done, it also offers a comprehensive analysis by inspecting the factors like segmentation, opportunities, industrial developments, trends, growth, size, share, restraints, etc. This analysis is subject to alteration if the key players and probable analysis of market dynamics change.