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16-Oct-2023

Global Bariatric Beds Industry Pioneering the Future with a 5.3% CAGR Towards US$ 497.92 Million by 2033 | FMI

The Global Bariatric Beds Industry is poised for a substantial upswing, with a projected valuation of US$ 497.92 million by 2033, marking a notable increase from the US$ 297.08 million recorded in 2023. This signifies a robust compound annual growth rate (CAGR) of 5.3% between 2023 and 2033. The primary catalyst behind this market expansion is the escalating worldwide prevalence of obesity.

Several key factors are expected to underpin the growth of the bariatric beds market. These include the rapid growth of the elderly population, an increasing burden of diseases, and significant unmet medical needs in developing and low-growth economies. Moreover, the augmented investments in public and private healthcare, with a focus on improving the bed-to-patient ratio, are anticipated to be pivotal in propelling market growth.

It’s essential to highlight that bariatrics is a specialized medical field dedicated to the care of individuals grappling with overweight or obesity. The diagnosis and treatment of bariatric patients involve a comprehensive assessment of their weight, body mass index (BMI), and other health risks associated with excess weight. As the global population continues to grapple with the challenges of obesity, there is a growing demand for specialized bariatric care and equipment, including bariatric beds.

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Numerous manufacturers are focused on technological advancements to assist market expansion, such as adjustable side railings, automatic height adjustability, fiber-made body, lightness, and multi-storage facility. Furthermore, current improvements in bariatric beds include easy and lockable movement of the bed wheels, elevation-enabled beds that can be adjusted in height, and adjustable side rails.

The short hospital stay shifts the emphasis to home healthcare. Additionally, the increased demand for home healthcare for post-surgical recovery and other long-term conditions is likely to assist reduce patient stay length. This strategy decreases all the issues that hospitals face in inpatient management while also drastically lowering the cost to the patient. As a result of the shift in emphasis toward home care, the procurement of bariatric beds is increasing, which is likely to drive market expansion

The rising demand for home healthcare services is likely to propel market expansion. According to claims filed with the Ohio Bureau of Workers’ Compensation (OBWC) in 2021, the average total cost per claim for home nursing assistants was around USD 15,000. In addition, shoulder injuries among home health care aides had the high average total claim costs (USD 20,600/injury) of any occupation, setting, or body area combination, which is expected to fuel market growth.

Growing big population aged 60 and over with lower immunity levels is a significant driver of bariatric beds market growth throughout the forecast period. This demographic is expected to receive the effective available therapies in order to live long. As a result, an increase in the elderly population base is expected to drive market growth.

Key Points from the Bariatric Beds Market

  • The market is expected to surpass US$ 497.92 million by 2033.
  • Growing demand for home healthcare services, rising number of operations, and the increasingincidence of obesity are key drivers fueling market expansion.
  • Bariatric beds market is expected to capture a CAGR of 5.3% during the forecast period 2023 to 2033.
  • North America dominated the bariatric beds markets.

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Key Developments in the Bariatric Beds Markets:

  • October 2018 – Benmor Medical launched the Aurum+ Bariatric Bed to provide clinical benefits and safety to patients.
  • October 2018 – Joerns Healthcare announced the launch of Joerns BCX Bariatric Care, a fully adjustable bariatric bed for patients.
  • February 2018 – Alerta has announced the launch of Alerta Bariatric, a pressure-relieving mattress designed specifically for bariatric patients.
  • January 2022 – Titan SGS by Standard Bariatrics, Inc. has completed 1,000 clinical case uses as of. Titan SGS surgical stapler technology’s anatomy-based approach in bariatric surgery benefits patients.
  • July 2021 – The Food and Drug Administration gave Apollo Endosurgery de novo approval to commercialise its Apollo ESG and Apollo REVISE endoscopic systems for the treatment of obese patients.
  • February 2021 – In a collaboration with the Bariatric Centers of Kansas City, Carrum Health expanded weight loss surgery choices in the Midwest (BCKC). The center has performed over 17,000 procedures, and the collaboration help improve people’s lives by increasing access to high-quality bariatric surgery.

Some Prominent Companies in the Global Bariatric Beds Market include

  • Invacare Corporation
  • Hill-Rom holdings
  • Stryker
  • Arjo
  • Drive DeVilbiss Healthcare
  • Gf Health Products
  • Zhangjiagang Medi
  • Cobi Rehab
  • Alerta
  • Rotec International

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Bariatric Beds Markets Key Segment

Bariatric Beds Markets by Weight Capacity:

  • Bariatric Beds Market in 500-700 lbs
  • Bariatric Beds Market in 700-1000 lbs
  • Bariatric Beds Market in >1000 lbs

Bariatric Beds Market by End Use:

  • Bariatric Beds Market for Hospitals
  • Bariatric Beds Market for Nursing Homes

 Author

Sabyasachi Ghosh (Associate Vice President at Future Market Insights, Inc.) holds over 12 years of experience in the Healthcare, Medical Devices, and Pharmaceutical industries. His curious and analytical nature helped him shape his career as a researcher.

Identifying key challenges faced by clients and devising robust, hypothesis-based solutions to empower them with strategic decision-making capabilities come naturally to him. His primary expertise lies in areas such as Market Entry and Expansion Strategy, Feasibility Studies, Competitive Intelligence, and Strategic Transformation.

Holding a degree in Microbiology, Sabyasachi has authored numerous publications and has been cited in journals, including The Journal of mHealth, ITN Online, and Spinal Surgery News.

About Future Market Insights (FMI)

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 5,000 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

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Last Updated: 16-Oct-2023