Global Hospital Beds Market

Hospital Beds Market Size, Share, Growth Analysis, By Technology(Powered beds and Manual beds), By End-User(Hospitals and Ambulatory Surgical Centers), By Region - Industry Forecast 2024-2031


Report ID: SQMIG35A2672 | Region: Global | Published Date: February, 2024
Pages: 157 |Tables: 59 |Figures: 75

Hospital Beds Market Insights

Hospital Beds Market size was valued at USD 3.07 billion in 2021 and is poised to grow from USD 3.3 billion in 2022 to USD 6.33 billion by 2030, growing at a CAGR of 7.5% during the forecast period (2023-2030).

Global Hospital Beds Market encompasses the industry involved in the production, distribution, and sales of beds specially designed for use in healthcare facilities, including hospitals, clinics, and nursing homes. Various factors contribute to the demand for hospital beds, such as the increasing global population, the prevalence of chronic diseases, the growing elderly population, and advancements in healthcare infrastructure. These beds are essential for patient care, providing comfort, support, and safety to individuals requiring medical attention and extended stays in healthcare settings. The market offers a wide array of hospital beds, including general beds, specialized beds, intensive care unit (ICU) beds, bariatric beds, pediatric beds, and maternity beds. These beds are designed with specific features to cater to the unique requirements of patients based on their medical conditions, age, and mobility. To summarize, the market is a critical sector within the healthcare industry, driven by the need for high-quality patient care and advancements in medical technology. The market continues to evolve, aiming to improve patient outcomes, optimize healthcare delivery, and enhance the overall hospital experience.

US Hospital Beds Market is poised to grow at a sustainable CAGR for the next forecast year.

Market Snapshot - 2023-2030

Global Market Size

USD 3.07 billion

Largest Segment

Hospitals

Fastest Growth

Hospitals

Growth Rate

7.5% CAGR

Global Hospital Beds Market ($ Bn)
Country Share for North America Region (%)

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Hospital Beds Market Segmental Analysis

Global Hospital Beds Market is segmented by technology, end-user, and region. Based on Technology, the market can be segmented into powered beds and manual beds. Based on end-user, the market is segmented into hospitals and ambulatory surgical centers. Based on region, the market is segmented into North America, Europe, Asia Pacific, Middle East and Africa, and Latin America.

Hospital Beds Market Analysis by Technology

By Technology, the market can be segmented powered beds and manual beds. Powered beds segment is the dominating segment in the market. Powered beds offer advanced features and functionalities, making them the preferred choice in healthcare facilities. These beds are equipped with electric controls, allowing for easy adjustment of bed positions, height, and other settings. Powered beds provide convenience, enhanced patient comfort, and improved caregiver efficiency. The rising demand for technologically advanced beds, especially in developed regions, drives the dominance of powered beds in the market.

While manual beds segment is experiencing significant growth and is the fastest-growing segment. Manual beds are operated using manual controls and adjustments, without the use of electric or motorized components. These beds are cost-effective and simpler in design compared to powered beds. The growth of the manual beds segment can be attributed to various factors. In developing regions with limited healthcare budgets and infrastructure, manual beds are often more affordable and accessible options.

Hospital Beds Market Analysis by End-User

By end-user, the market can be segmented into hospitals and ambulatory surgical centers. The hospital segment dominated the Hospital Beds market. Hospitals are the primary end-users of hospital beds, accounting for the largest share in the market. This dominance can be attributed to several factors. Hospitals are major healthcare institutions that provide a wide range of medical services and patient care, requiring a significant number of beds to accommodate patients with varying healthcare needs. The demand for hospital beds in this segment is driven by factors such as the increasing number of hospitals worldwide, growing patient admissions, and the rising prevalence of chronic diseases requiring hospitalization.

Ambulatory Surgical Centers (ASC) segment has emerged as the fastest-growing segment in the Hospital Beds market. ASCs are healthcare facilities that focus on providing outpatient surgical procedures and services. These centers offer a more convenient and cost-effective alternative to traditional hospital settings for certain surgical procedures that do not require overnight stays. The demand for hospital beds in ASCs is growing due to factors such as the rising number of ASCs globally, advancements in minimally invasive surgeries, and the increasing shift towards outpatient care. ASCs provide a favorable environment for faster recovery and reduced healthcare costs, driving the adoption of beds specifically designed for ambulatory surgical settings.

Global Hospital Beds Market By End User, 2021 (%)

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Hospital Beds Market Regional Insights

North America dominates the global Hospital Beds market. The region has a well-established healthcare infrastructure, high healthcare expenditure, and a significant presence of key market players. North America's dominance can be attributed to factors such as the growing elderly population, the increasing prevalence of chronic diseases, and the adoption of advanced healthcare technologies. Additionally, government initiatives to improve healthcare facilities and reimbursement policies further support the market growth in this region.

Asia Pacific is expected to be the fastest growing region in the global Hospital Beds market. The region has been witnessing rapid economic growth, increasing healthcare investments, and a rising population with a growing middle class. The demand for hospital beds in Asia Pacific is fueled by factors such as the increasing prevalence of chronic diseases, improving healthcare infrastructure, and a growing awareness of advanced medical treatments. Asia Pacific's market growth is further driven by factors like the increasing number of hospitals and healthcare facilities, government initiatives to enhance healthcare accessibility, and the growing adoption of advanced technologies in healthcare. Additionally, the region's expanding medical tourism industry and the rising geriatric population contribute to the demand for hospital beds.

Global Hospital Beds Market By Geography, 2023-2030
  • Largest
  • Fastest

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Hospital Beds Market Dynamics

Hospital Beds Market Drivers

Growing Aging Population and Government Initiatives and Investments

  • The aging population is a significant driver in the hospital beds market. As the global population continues to age, the demand for healthcare services and hospital beds increases. Elderly individuals often require specialized beds for conditions such as mobility issues, chronic illnesses, and age-related ailments. Governments worldwide are implementing initiatives and making investments to improve healthcare infrastructure. These initiatives aim to increase the availability of hospital beds, especially in underserved regions, and ensure access to quality healthcare services.

Hospital Beds Market Restraints

High Cost of Advanced Beds

  • One of the major restraints in the hospital beds market is the high cost associated with advanced and technologically sophisticated beds. These beds often come with features such as electronic controls, integrated monitoring systems, and specialized functionalities, making them more expensive. The high cost of these beds can limit their adoption, particularly in healthcare facilities with budget constraints. Increase in the maintenance and service costs also increase the cost.

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Hospital Beds Market Competitive Landscape

Competition within the hospital beds market is intense, with numerous manufacturers and suppliers operating on a global scale. Major players in the industry strive to develop innovative and technologically advanced hospital beds that enhance patient comfort, facilitate efficient healthcare delivery, and ensure caregiver safety. Additionally, manufacturers prioritize factors such as durability, ease of maintenance, infection control measures, and ergonomic design.

Hospital Beds Market Top Player’s Company Profiles

  • Linet Group SE (Czech Republic)
  • Paramount Bed Holdings Co., Ltd. (Japan)
  • Getinge AB (Sweden)
  • Arjo AB (Sweden)
  • Medline Industries, Inc. (US)
  • Stiegelmeyer GmbH & Co. KG (Germany)
  • Malvestio Spa (Italy)
  • LINAK A/S (Denmark)
  • Span-America Medical Systems, Inc. (US)
  • Gendron Inc. (US)
  • Merivaara Corporation (Finland)
  • Savion Industries Ltd. (Israel)
  • Proma Reha, s.r.o. (Czech Republic)
  • Joerns Healthcare LLC (US)
  • Favero Health Projects S.r.l. (Italy)
  • Chang Gung Medical Technology Co., Ltd. (Taiwan)
  • Ardo Medical AG (Switzerland)

Hospital Beds Market Recent Developments

  • In February 2021, The Stryker Corporation introduced a wireless hospital bed called, the Procuity. It is designed to aid in improving workflow safety and let’s the patient connect with the nurses without the use of wires or cables.

Hospital Beds Key Market Trends

  • The global hospital beds market is experiencing several key market trends that are influencing the industry. One significant trend is the increasing demand for specialty beds designed to address specific medical conditions and patient needs. These include beds for ICU, bariatric patients, pediatrics, and maternity. This surge in demand is driven by the rising prevalence of chronic diseases and the need for specialized care for diverse patient populations. Sustainability and eco-friendly initiatives are gaining importance in the healthcare industry. There is a rising demand for hospital beds manufactured using eco-friendly materials, with low energy consumption and recyclable components. Manufacturers are adopting sustainable practices and offering greener bed solutions. These market trends are shaping the global hospital beds market, with manufacturers and suppliers focusing on developing innovative and technologically advanced beds that meet the evolving needs of patients, caregivers, and healthcare facilities.

Hospital Beds Market SkyQuest Analysis

SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Co-relates, and Analyses the Data collected by means of Primary Exploratory Research backed by robust Secondary Desk research.

According to our Global Hospital Beds Market analysis, the market is a vital industry encompassing the production, distribution, and sales of beds for healthcare facilities worldwide. These beds provide comfort, support, and safety for patients requiring medical attention. Factors driving the demand for hospital beds include population growth, chronic diseases, an aging population, and healthcare infrastructure advancements. The market offers various types of beds, tailored to meet the specific needs of patients based on their medical conditions, age, and mobility. Key players in the industry focus on innovation and technology, aiming to enhance patient comfort, healthcare delivery, and caregiver safety. The market is competitive, with manufacturers prioritizing durability, maintenance ease, infection control, and ergonomic design. Geographically, the market spans regions such as North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa, each influenced by factors like healthcare expenditure and government policies.

Report Metric Details
Market size value in 2021 USD 3.07 billion
Market size value in 2030 USD 6.33 billion
Growth Rate 7.5%
Base year 2023
Forecast period 2023-2030
Forecast Unit (Value) USD Billion
Segments covered
  • Technology
    • Powered beds and Manual beds
  • End-User
    • Hospitals and Ambulatory Surgical Centers
Regions covered North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA)
Companies covered
  • Linet Group SE (Czech Republic)
  • Paramount Bed Holdings Co., Ltd. (Japan)
  • Getinge AB (Sweden)
  • Arjo AB (Sweden)
  • Medline Industries, Inc. (US)
  • Stiegelmeyer GmbH & Co. KG (Germany)
  • Malvestio Spa (Italy)
  • LINAK A/S (Denmark)
  • Span-America Medical Systems, Inc. (US)
  • Gendron Inc. (US)
  • Merivaara Corporation (Finland)
  • Savion Industries Ltd. (Israel)
  • Proma Reha, s.r.o. (Czech Republic)
  • Joerns Healthcare LLC (US)
  • Favero Health Projects S.r.l. (Italy)
  • Chang Gung Medical Technology Co., Ltd. (Taiwan)
  • Ardo Medical AG (Switzerland)
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Table Of Content

Executive Summary

Market overview

  • Exhibit: Executive Summary – Chart on Market Overview
  • Exhibit: Executive Summary – Data Table on Market Overview
  • Exhibit: Executive Summary – Chart on Hospital Beds Market Characteristics
  • Exhibit: Executive Summary – Chart on Market by Geography
  • Exhibit: Executive Summary – Chart on Market Segmentation
  • Exhibit: Executive Summary – Chart on Incremental Growth
  • Exhibit: Executive Summary – Data Table on Incremental Growth
  • Exhibit: Executive Summary – Chart on Vendor Market Positioning

Parent Market Analysis

Market overview

Market size

  • Market Dynamics
    • Exhibit: Impact analysis of DROC, 2021
      • Drivers
      • Opportunities
      • Restraints
      • Challenges
  • SWOT Analysis

KEY MARKET INSIGHTS

  • Technology Analysis
    • (Exhibit: Data Table: Name of technology and details)
  • Pricing Analysis
    • (Exhibit: Data Table: Name of technology and pricing details)
  • Supply Chain Analysis
    • (Exhibit: Detailed Supply Chain Presentation)
  • Value Chain Analysis
    • (Exhibit: Detailed Value Chain Presentation)
  • Ecosystem Of the Market
    • Exhibit: Parent Market Ecosystem Market Analysis
    • Exhibit: Market Characteristics of Parent Market
  • IP Analysis
    • (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
  • Trade Analysis
    • (Exhibit: Data Table: Import and Export data details)
  • Startup Analysis
    • (Exhibit: Data Table: Emerging startups details)
  • Raw Material Analysis
    • (Exhibit: Data Table: Mapping of key raw materials)
  • Innovation Matrix
    • (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
  • Pipeline product Analysis
    • (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
  • Macroeconomic Indicators

COVID IMPACT

  • Introduction
  • Impact On Economy—scenario Assessment
    • Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
  • Revised Market Size
    • Exhibit: Data Table on Hospital Beds Market size and forecast 2021-2027 ($ million)
  • Impact Of COVID On Key Segments
    • Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
  • COVID Strategies By Company
    • Exhibit: Analysis on key strategies adopted by companies

MARKET DYNAMICS & OUTLOOK

  • Market Dynamics
    • Exhibit: Impact analysis of DROC, 2021
      • Drivers
      • Opportunities
      • Restraints
      • Challenges
  • Regulatory Landscape
    • Exhibit: Data Table on regulation from different region
  • SWOT Analysis
  • Porters Analysis
    • Competitive rivalry
      • Exhibit: Competitive rivalry Impact of key factors, 2021
    • Threat of substitute products
      • Exhibit: Threat of Substitute Products Impact of key factors, 2021
    • Bargaining power of buyers
      • Exhibit: buyers bargaining power Impact of key factors, 2021
    • Threat of new entrants
      • Exhibit: Threat of new entrants Impact of key factors, 2021
    • Bargaining power of suppliers
      • Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
  • Skyquest special insights on future disruptions
    • Political Impact
    • Economic impact
    • Social Impact
    • Technical Impact
    • Environmental Impact
    • Legal Impact

Market Size by Region

  • Chart on Market share by geography 2021-2027 (%)
  • Data Table on Market share by geography 2021-2027(%)
  • North America
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • USA
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Canada
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Europe
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • Germany
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Spain
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • France
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • UK
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of Europe
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Asia Pacific
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • China
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • India
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Japan
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • South Korea
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of Asia Pacific
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Latin America
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • Brazil
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of South America
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Middle East & Africa (MEA)
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • GCC Countries
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • South Africa
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of MEA
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)

KEY COMPANY PROFILES

  • Competitive Landscape
    • Total number of companies covered
      • Exhibit: companies covered in the report, 2021
    • Top companies market positioning
      • Exhibit: company positioning matrix, 2021
    • Top companies market Share
      • Exhibit: Pie chart analysis on company market share, 2021(%)

Methodology

For the Hospital Beds Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:

1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.

2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Hospital Beds Market.

3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.

4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.

Analyst Support

Customization Options

With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Hospital Beds Market:

Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.

Regional Analysis: Further analysis of the Hospital Beds Market for additional countries.

Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.

Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.

Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.

Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.

Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.

Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.

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FAQs

Hospital Beds Market size was valued at USD 3.07 billion in 2021 and is poised to grow from USD 3.3 billion in 2022 to USD 6.33 billion by 2030, growing at a CAGR of 7.5% during the forecast period (2023-2030).

Competition within the hospital beds market is intense, with numerous manufacturers and suppliers operating on a scale. Major players in the industry strive to develop innovative and technologically advanced hospital beds that enhance patient comfort, facilitate efficient healthcare delivery, and ensure caregiver safety. Additionally, manufacturers prioritize factors such as durability, ease of maintenance, infection control measures, and ergonomic design. 'Hill-Rom Holdings, Inc. (US)', 'Stryker Corporation (US)', 'Invacare Corporation (US)', 'Linet Group SE (Czech Republic)', 'Paramount Bed Holdings Co., Ltd. (Japan)', 'Getinge AB (Sweden)', 'Arjo AB (Sweden)', 'Medline Industries, Inc. (US)', 'Stiegelmeyer GmbH & Co. KG (Germany)', 'Malvestio Spa (Italy)', 'LINAK A/S (Denmark)', 'Span-America Medical Systems, Inc. (US)', 'Gendron Inc. (US)', 'Merivaara Corporation (Finland)', 'Savion Industries Ltd. (Israel)', 'Proma Reha, s.r.o. (Czech Republic)', 'Joerns Healthcare LLC (US)', 'Favero Health Projects S.r.l. (Italy)', 'Chang Gung Medical Technology Co., Ltd. (Taiwan)', 'Ardo Medical AG (Switzerland)'

The aging population is a significant driver in the hospital beds market. As the population continues to age, the demand for healthcare services and hospital beds increases. Elderly individuals often require specialized beds for conditions such as mobility issues, chronic illnesses, and age-related ailments. Governments worldwide are implementing initiatives and making investments to improve healthcare infrastructure. These initiatives aim to increase the availability of hospital beds, especially in underserved regions, and ensure access to quality healthcare services.

The hospital beds market is experiencing several key market trends that are influencing the industry. One significant trend is the increasing demand for specialty beds designed to address specific medical conditions and patient needs. These include beds for ICU, bariatric patients, pediatrics, and maternity. This surge in demand is driven by the rising prevalence of chronic diseases and the need for specialized care for diverse patient populations. Sustainability and eco-friendly initiatives are gaining importance in the healthcare industry. There is a rising demand for hospital beds manufactured using eco-friendly materials, with low energy consumption and recyclable components. Manufacturers are adopting sustainable practices and offering greener bed solutions. These market trends are shaping the hospital beds market, with manufacturers and suppliers focusing on developing innovative and technologically advanced beds that meet the evolving needs of patients, caregivers, and healthcare facilities.

North America dominates the Hospital Beds market. The region has a well-established healthcare infrastructure, high healthcare expenditure, and a significant presence of key market players. North America's dominance can be attributed to factors such as the growing elderly population, the increasing prevalence of chronic diseases, and the adoption of advanced healthcare technologies. Additionally, government initiatives to improve healthcare facilities and reimbursement policies further support the market growth in this region.

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Global Hospital Beds Market

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