The Global Hospital Beds Market Size collected USD 3.6 Billion in 2022 and is set to achieve a market size of USD 7.2 Billion in 2032 growing at a CAGR of 7.2% from 2023 to 2032.
Hospital Beds Market Report Statistics
Hospital beds are specialized beds that are used to furnish extra comfort and provide relief and assistance to the patient during the time of hospitalization. The key features of hospital beds include adjustable side rails and height along with operating buttons for electronic devices. These features make hospital beds more patient-friendly and furnish ambient comfort to the patients. During the critical times in the hospitalization of patients, the beds are supposed to be designed in such a way that gives them extra and utmost comfort and helps in securing them from any external damage. Special hospital beds are packed with additional features and facilities which help in supplementing relief to the patient during operation as well as recovery periods.
Global Hospital Beds Market Dynamics
Hospital Beds Market Report Coverage
|Market||Hospital Beds Market|
|Hospital Beds Market Size 2022||USD 3.6 Billion|
|Hospital Beds Market Forecast 2032||USD 7.2 Billion|
|Hospital Beds Market CAGR During 2023 - 2032||7.2%|
|Hospital Beds Market Analysis Period||2020 - 2032|
|Hospital Beds Market Base Year||2022|
|Hospital Beds Market Forecast Data||2023 - 2032|
|Segments Covered||By Technology, By Type, By Treatment, By End-User, And By Geography
|Regional Scope||North America, Europe, Asia Pacific, Latin America, and Middle East & Africa|
|Key Companies Profiled||Amico Corporation, Paramount Bed Co. Ltd., Getinge Group, Graham Field, Stryker, LINET spol. s r.o., Hill-Rom Holdings, Inc., ArjoHuntleigh, Midmark Corporation, Invacare Corporation, Novum Medical Products, and Medline Industries, Inc.
||Market Trends, Drivers, Restraints, Competitive Analysis, Player Profiling, Covid-19 Analysis, Regulation Analysis|
Hospital Beds Market Growth Factors
Some of the major factors acting as driving forces in the growth of the global hospital beds market include the increasing aging population, the rising prevalence of chronic diseases, technological advancements in the healthcare and medical industry, and an increasing number of hospitalization cases. In addition, enhanced and improved infrastructure of healthcare coupled with a growing middle-class population as well as increasing investments for the advancement of the healthcare sector is some key elements propelling the growth of the global hospital beds market. Moreover, the rising number of advanced hospitals, especially in emerging economies such as India, China, Indonesia, Malaysia, Russia, Poland, Chile, Peru, Saudi Arabia, South Africa, Turkey, etc. will fuel the overall demand for hospital beds in the foreseeable years. However, the high initial costs of hospital beds are a key factor hampering the growth of the hospital beds market since such high cost restricts its affordability in developing and low-income geographies. Also, rising consumer preference towards highly facilitated and efficiently equipped hospitals is another crucial factor accelerating the growth of the hospital beds market over the forecast period. Moreover, customized hospital beds manufactured according to the specific needs of patients are also a major aspect fuelling the overall hospital beds market across the globe. Various electronic medical devices are attached to hospital beds to ensure ease of operation and extra comfort to the patients and this is a key trend pertaining in the hospital beds market.
Hospital Beds Market Segmentation
The worldwide market for hospital beds is categorized based on technology, type, treatment, end-user, and geography.
Hospital Beds Technology Outlook
According to the hospital beds market forecast, powered beds will have the greatest market share. Electric motors in powered beds allow the bed to move, adjust, and lift the patient without the need for manual assistance. Powered beds have several advantages over manual beds, including increased patient comfort, less carer strain, and greater safety. In addition to making patients more comfortable, powered beds allow healthcare professionals to easily adjust the bed's position, lowering the risk of injury to both patients and carers. Powered beds also have features that make them more efficient and effective, such as integrated scales, bed exit alarms, and patient repositioning systems.
While manual beds are still used in some healthcare settings, the healthcare industry's trend towards automation and technological advancement is expected to drive the growth of powered beds in the future. The rising prevalence of chronic diseases, ageing populations, and the need for specialized medical care are all expected to drive the powered beds market forward.
Hospital Beds Type Outlook
ICU beds are among the most widely used medical beds and will likely dominate the hospital bed market in the coming years. ICU beds are intended to provide specialized care for patients who are critically ill or injured and require close monitoring and advanced medical interventions. Additional features such as advanced patient monitoring systems, electronic controls, and integrated therapeutic modalities are available on these beds. To support critically ill patients, ICU beds typically include specialized components such as a built-in ventilator.
In hospitals and medical facilities, other types of hospital beds, such as general and pediatric beds, are also commonly used. Birthing beds are intended for use during labor and delivery, whereas bariatric beds are intended to support obese or overweight patients. Beds with pressure relief are intended to prevent bedsores and other skin injuries.
Hospital Beds Treatment Outlook
According to the hospital beds industry analysis, the acute care hospital beds are used for patients who require short-term medical care for acute illnesses or injuries. These beds are found in hospitals as well as emergency rooms and are developed to provide specialized medical care such as vital sign monitoring, medication administration, and life support.
Long-term care hospital beds are reserved for patients who require ongoing care due to chronic illnesses or disabilities. These beds, which are commonly found in nursing homes and other long-term care facilities, are intended to provide comfort and support to patients who require help with their everyday living activities.
Critical care hospital beds are also used for those needing intensive care for life-threatening diseases like heart failure, respiratory failure, or severe infections.
Hospital Beds End-User Outlook
The primary end-users of hospital beds are hospitals, which currently dominate the hospital bed market. General hospitals, specialty hospitals, and teaching hospitals all need an enormous amount of hospital beds to provide medical care to their patients.
Ambulatory surgical centers (ASCs) are another important end-user of hospital beds, particularly for shortened procedures that require only a short recovery period. However, due to the shorter length of stay for patients, the demand for hospital beds in ASCs is lower than in hospitals.
Long-term care facilities, rehabilitation centers, and home healthcare providers are some of the other end-users of hospital beds. However, these end-users typically have different needs and specifications for hospital beds than hospitals, and their demand for hospital beds is relatively lower.
Hospital Beds Market Regional Outlook
The Middle East & Africa
Hospital Beds Market Regional Analysis
With a well-established healthcare infrastructure and a large number of hospitals and long-term care facilities, Europe is a significant market for hospital beds. The rising demand for specialized medical care, as well as the rising prevalence of chronic diseases, is expected to drive the growth of the European medical bed market.
North America is also one of the largest medical beds market, owing to the region's large number of hospitals and healthcare facilities. The rising prevalence of chronic diseases, an ageing population, and technological advancements in healthcare are all expected to drive growth in the North American healthcare bed market.
Because of rising healthcare demand, population growth, and rising healthcare spending, the Asia-Pacific region is anticipated to witness the fastest market for hospital beds. The region has a large population and a rising middle class, which drives demand for improved healthcare and infrastructure.
Hospital Beds Market Players
Key healthcare product manufacturers across the globe are more likely to have sub-categorized manufacture of hospital beds over the forecast period. They are also focusing on key strategies such as collaborations and mergers to bring advancements in their product portfolios. Increasing developments in healthcare and medical devices and equipment are replacing the traditional, outdated, and existing conventional hospital beds by providing advanced ones owing to the increase in overall demand. Some of the major players in the hospital beds market include Amico Corporation, Paramount Bed Co. Ltd., Getinge Group, Graham Field, Stryker, LINET spol. s r.o., Hill-Rom Holdings, Inc., ArjoHuntleigh, Midmark Corporation, Invacare Corporation, Novum Medical Products, and Medline Industries, Inc.
The market size of hospital beds was USD 3.6 Billion in 2022.
The CAGR of hospital beds is 7.2% during the analysis period of 2023 to 2032.
The key players operating in the global market are including Amico Corporation, Paramount Bed Co. Ltd., Getinge Group, Graham Field, Stryker, LINET spol. s r.o., Hill-Rom Holdings, Inc., ArjoHuntleigh, Midmark Corporation, Invacare Corporation, Novum Medical Products, and Medline Industries, Inc.
Europe held the dominating position in hospital beds industry during the analysis period of 2023 to 2032.
Asia-Pacific region exhibited fastest growing CAGR for market of hospital beds during the analysis period of 2023 to 2032.
The current trends and dynamics in the hospital beds industry include increasing prevalence of chronic diseases, growing elderly population, and shortage of hospital beds.
The powered beds technology held the maximum share of the hospital beds industry.