Global Hospital Beds Industry: Key Statistics and Insights in 2024-2032
Summary:
The global hospital beds market size reached USD 3.8 Billion in 2023.
The market is expected to reach USD 5.2 Billion by 2032, exhibiting a growth rate (CAGR) of 3.42% during 2024-2032.
North America leads the market, accounting for the largest hospital beds market share.
Manual beds account for the majority of the market share in the technology segment due to their cost-effectiveness and widespread availability in various healthcare settings.
Based on the bed type, the market has been divided into regular beds, pediatrics bed, respiratory beds, ICU beds, bariatric beds, birthing beds, pressure relief beds, and others.
Acute care holds the largest share in the hospital beds industry.
Hospitals and clinics represent the leading end user segment.
The rise in chronic diseases is a primary driver of the hospital beds market.
Technological advancements and the increasing demand for home healthcare are reshaping the hospital beds market.
Industry Trends and Drivers:
Rise in chronic diseases:
Conditions such as diabetes, cancer, cardiovascular disease, and respiratory illnesses often require long-term hospital stays for treatment and monitoring. The rise in chronic disease cases is attributed to factors such as unhealthy lifestyles, poor diet, pollution, and lack of physical activity, all of which contribute to the growing number of patients requiring long-term care. Since these conditions require constant medical attention, hospitals are being encouraged to increase their bed capacity to cater to the growing number of patients. Healthcare facilities are investing in advanced hospital beds, which include features such as electrical adjustments, pressure redistribution capabilities, and increased mobility options, making patient management easier and more efficient.
Increasing demand for home healthcare:
With advances in medical technology, more patients, especially the elderly and those suffering from chronic diseases, are opting for treatment at home instead of staying in the hospital for long periods of time. This shift is driving the demand for specialized hospital beds that can be used in a home setting. Home healthcare beds are designed with adjustable features to ensure comfort and ease of use for patients who require long-term bed rest or rehabilitation. Additionally, the convenience of remote patient monitoring and telemedicine allows healthcare providers to monitor patients at home, further increasing the demand for these beds. Healthcare systems are trying to reduce the burden on hospitals, which is making home healthcare solutions more popular.
Technological advancements in bed design:
Manufacturers are introducing advanced beds with features such as automatic repositioning, integrated monitoring systems, and smart bed controls to improve patient care and comfort. These technological upgrades not only improve patient experience but also assist healthcare workers by reducing the physical strain of manually adjusting beds and making patient management easier. Beds equipped with sensors can monitor vital signs and alert staff to changes in patient condition, thereby improving safety and accountability. In addition, the development of specialized beds for various medical needs including bariatric beds for overweight patients or intensive care unit (ICU) beds with life-support capabilities is fueling the market growth.
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Hospital Beds Market Report Segmentation:
Breakup By Usage:
Critical Care
Acute Care
Long-Term Care
Acute care represents the largest segment owing to the growing demand for hospital beds in treating severe and urgent medical conditions.
Breakup By End User:
Hospitals and Clinics
Ambulatory Surgery Centers (ASCs)
Others
Hospitals and clinics account for the majority of the market share, as they are the primary healthcare facilities requiring a large number of hospital beds for patient care.
Breakup By Region:
North America (United States, Canada)
Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, Others)
Europe (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
Latin America (Brazil, Mexico, Others)
Middle East and Africa
North America dominates the market, driven by its advanced healthcare infrastructure, increasing healthcare spending, and the presence of key market players in the region.
Top Hospital Beds Market Leaders:
The hospital beds market research report outlines a detailed analysis of the competitive landscape, offering in-depth profiles of major companies. Some of the key players in the market are:
GF Health Products Inc.
Getinge AB
Hill-Rom Holdings Inc.
Invacare Corporation
Malvestio S.P.A.
Stryker Corporation
Paramount Bed Holdings Co. Ltd.
Savion Industries
Span-America Medical Systems Inc. (Savaria Corporation)
Stiegelmeyer GmbH & Co. KG.
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