Market Overview –
The market for hospital beds was estimated to be worth USD 3.1 billion in 2021 and is expected to increase at a compound annual growth rate (CAGR) of 7.5% between 2023 and 2032, from USD 3.33 billion in 2022 to USD 6.38 billion.
The hospital beds market pertains to the manufacturing and distribution of beds used in healthcare facilities. Hospital beds are essential medical equipment designed to provide comfort and support to patients during treatment and recovery. The market is influenced by factors such as the increasing number of hospitals, nursing homes, and ambulatory surgical centers globally.
Technological advancements have led to the development of innovative features in hospital beds, including adjustable height, remote control, and pressure relief systems, enhancing patient care and comfort. Moreover, the rising prevalence of chronic diseases and the growing aging population drive the demand for hospital beds. However, budget constraints in healthcare facilities, especially in developing regions, may impede market growth. Additionally, the COVID-19 pandemic has highlighted the need for more hospital beds, especially intensive care units (ICUs), which could further stimulate market expansion.
The hospital beds market is experiencing steady growth, fueled by the constant demand for quality patient care and healthcare facility expansion. Bed in hospital, the cornerstone of patient comfort and care, are evolving to meet diverse needs, including specialized features for critical care, bariatric patients, and enhanced infection control measures. As hospitals upgrade their infrastructure, the demand for modern, ergonomic beds in hospitals continues to rise, driving market expansion.
Segmentation –
MRFR has made an attempt to read the global hospital beds market closely by segmenting it on the basis of type, power, and end-users. This analysis has a strong foundation in the volume-wise and value-wise analysis of the global market.
Based on types, the global hospital beds market includes long-term care, acute care, psychiatric & bariatric care, and others (maternity and rehabilitation beds). The global market is expecting strong growth from the long-term care segment.
By power, the hospital beds market comprises electric bed, semi-electric bed, and manual bed. The electric bed segment is expected to receive strong traction due to hike in the global healthcare expenditure and investment to increase level of comfort for patients.
By end-users, the global hospital beds market includes hospital, clinics, ambulatory, and others. The hospital segment is expected to grow notably.
Regional Analysis –
The hospital beds market varies regionally due to differences in healthcare infrastructure, hospital capacity, and patient demographics. In developed regions like North America and Europe, where there is a higher concentration of hospitals and a greater demand for specialized medical care, the market for hospital beds is mature and characterized by a wide range of products catering to diverse patient needs.
Conversely, in developing regions with limited healthcare resources and infrastructure, such as parts of Africa and Asia-Pacific, the hospital beds market is still emerging, with a focus on basic functionality and affordability. Moreover, cultural preferences and government healthcare policies influence the adoption of specific types of hospital beds, such as electric or manual, across different regions. As the global population ages and healthcare demands continue to evolve, there is a growing need for innovative solutions and investment in hospital bed technology to meet the diverse needs of patients worldwide.
Key Players –
Hospital beds companies include Hill-Rom Holdings, Stryker Corporation, Linet spol. s r.o., Invacare Corporation, Paramount Bed Holdings Co., Gendron Inc., and Getinge AB.
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