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

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

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

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