Industry Overview
The Asia-Pacific hospital bed market refers to the market for hospital beds in the Asia-Pacific region. Hospital beds are an essential component of healthcare infrastructure, providing comfort and support to patients in hospitals, clinics, and other healthcare facilities. The Asia-Pacific hospital bed market is expected to grow at a CAGR of 8.1% during the forecast period with its market size predicted to reach USD 2.1 billion by 2030. The Asia-Pacific hospital bed market is primarily driven by factors such as developing healthcare infrastructure, increasing healthcare expenditure, increasing geriatric population and increasing prevalence of chronic diseases. Although the demand for manual beds is the highest in the region, electric and semi-electric hospital beds are also anticipated to showcase considerable growth in the coming years.
Overall, the Asia-Pacific hospital bed market is expected to experience steady growth due to increasing healthcare expenditure, aging population, technological advancements, government initiatives, medical tourism, and the ongoing impact of the COVID-19 pandemic.
Market Segmentation
Insight by Area of Use
On the basis of area of use, the Asia-Pacific hospital bed market is categorized into acute care, critical care, and long-term care beds. Among different areas of use, critical care hospital bed market is expected to grow significantly during the forecast period. Critical care beds are equipped with necessary requirements under emergency situations, which provide better care to the patients.
Insight by Type
Based on type, the market is subdivided into general, bariatric, pediatric, pressure relief, birthing, and other medical beds. Among all types, the general beds are estimated to account for the largest share in the hospital bed market in 2023 and are expected to grow at the fastest rate during the forecast period owing to its low cost. Developing countries in Asia such as China, India, Philippines, Vietnam, and Malaysia has a huge demand for general beds due to the presence of a large population and government pressure to provide the necessary infrastructure in public healthcare facilities.
Insight by Power
On the basis of power, the hospital bed industry is categorized onto into manual, electric, and semi-electric beds. Among the different types of power, the manual beds are estimated to account for the largest share in the hospital bed market in 2020 and are expected to grow at the fastest rate during the forecast period. Manual beds are easy to operate and maintain, and are also available at a lower cost than the other two categories of beds, thus making them more popular in the developing and underdeveloped economies of Asia-Pacific.
Insight by End-User
Different end-users of hospital beds include hospitals, elderly care facilities, and home care settings. Hospitals are the largest end-users of medical beds as hospitals are the primary healthcare facility for the treatment of chronic diseases and for the treatment of the majority of the population. Moreover, the aging population in the region has led to the fastest growing demand for medical beds in elderly care facilities.
Asia-Pacific Hospital Bed Market Report Coverage
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Report Metric
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Details
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Historical Period
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2018 - 2023
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Base Year Considered
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2024
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Forecast Period
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2025 - 2030
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Market Size in 2023
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U.S.D. x.x Billion
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Revenue Forecast in 2030
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U.S.D. 2.1 Billion
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Growth Rate
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8.1%
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Segments Covered in the Report
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By Type, By Area of Usage, By Power and By End-User
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Report Scope
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Market Trends, Drivers, and Restraints; Revenue Estimation and Forecast; Segmentation Analysis; Impact of COVID-19; Companies’ Strategic Developments; Market Share Analysis of Key Players; Company Profiling
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Regions Covered in the Report
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China, Japan, India, South Korea and Rest of Asia-Pacific
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Industry Dynamics
Growth Drivers
Developing healthcare infrastructure, increasing healthcare expenditure, increasing geriatric population and increasing prevalence of chronic diseases are the primary growth drivers for the Asia-Pacific hospital bed market. The region has witnessed significant growth in the expenditure over healthcare facilities for the development of the healthcare infrastructure. Moreover, the private healthcare sector has outpaced the growth in the public sector with the adoption of advanced medical equipment including medical beds in the developing economies of the region.
Increasing Healthcare Expenditure: The Asia-Pacific region has witnessed significant growth in healthcare expenditure due to rising population, increased prevalence of chronic diseases, and improving healthcare infrastructure. This has led to an increased demand for hospital beds to accommodate the growing number of patients.
Aging Population: The Asia-Pacific region is experiencing a demographic shift with a rapidly aging population. The elderly population often requires specialized healthcare services and prolonged hospital stays, driving the demand for hospital beds that cater to their specific needs, such as adjustable beds, low-height beds, and beds with integrated patient monitoring systems.
Technological Advancements: Advances in medical technology have led to the development of innovative hospital bed solutions. These include electric beds with features like adjustable height, backrest, and leg rest, as well as beds equipped with pressure redistribution systems to prevent pressure ulcers. The adoption of technologically advanced hospital beds is driving market growth.
For instance, according to the World Bank, the healthcare expenditure as a percentage of its GDP in Japan and China was 7.15%, 4.49%, in 2000 respectively which increased to 10.90%, 5.32% in 2022.
Trends
Government Initiatives: Governments in the Asia-Pacific region are focusing on improving healthcare infrastructure and increasing the availability of healthcare services. They are investing in the expansion and modernization of hospitals, which includes the procurement of hospital beds. Government initiatives and policies play a significant role in driving market growth.
Medical Tourism: Several countries in the Asia-Pacific region have become popular medical tourism destinations due to the availability of high-quality healthcare services at lower costs. Medical tourists often require hospitalization, which increases the demand for hospital beds in these countries.
COVID-19 Pandemic: During COVID-19 pandemic has created an unprecedented demand for hospital beds, particularly in countries heavily affected by the virus. The need to accommodate patients with severe respiratory symptoms and ensure proper isolation has led to a surge in the demand for specialized hospital beds, such as intensive care unit (ICU) beds.
Challenges
The high cost of electric and semi-electric beds and comparatively lower expenditure on healthcare as compared to North American and Western European countries are the key challenges in the Asia-Pacific hospital bed market.
Geographic Overview
Geographically, Japan is the largest hospital bed market in the region owing to the aging population, high prevalence of chronic diseases, and high healthcare expenditure. The medical beds demand in the elderly care facilities of Japan is very high, as its population is ageing rapidly.
India is the fastest growing hospital bed market among Asia-Pacific countries. The healthcare infrastructure in the country is developing with the focus of Government in rural and semi-urban areas, thus creating demand for medical beds in the country. Although most of the demand is for manual medical beds, the expanding private sector creates opportunities for the industry players for the sale of electric and semi-electric beds.
Competitive Insight
Some of the key hospital bed industry players are Stryker Corporation, Medline Industries, Inc., Invacare Corporation, Paramount Bed Holdings Co., Ltd., Jiangsu Aegean Technology Co. Ltd., Hill-Rom Holdings, Inc., Merivaara Corp., Getinge AB, Midmark Corporation, and Carevel Medical Systems Private Limited are the key players offering hospital beds.
The Asia-Pacific Hospital Bed Market report offers a comprehensive market segmentation analysis along with an estimation for the forecast period 2025–2030.
Segments Covered in the Report
- By Type
- General Beds
- Bariatric Beds
- Pediatric Beds
- Pressure Relief Beds
- Birthing Beds
- Others
- By Area of Use
- Acute Care
- Critical Care
- Long Term Care
- By Power
- Electric Bed
- Semi-Electric Bed
- Manual Bed
- By End-User
- Hospitals
- At Home Care
- Elderly Care
Region Covered in the Report
- Asia-Pacific (APAC)
- China
- Japan
- India
- South Korea
- Rest of Asia-Pacific
PRIMARY RESEARCH INTERVIEWS - BREAKDOWN
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