| Status : Published | Published On : Jun, 2024 | Report Code : VRHC1107 | Industry : Healthcare | Available Format :
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Page : 147 |
Global Hospital Bed Market – Analysis and Forecast (2025-2030)
Industry Insights by Area of Use (Acute Care, Critical Care, and Long-Term Care), by Type (General, Bariatric, Pediatric, Pressure Relief, Birthing, and Others), by Power (Manual, Electric, and Semi-Electric), and by End-User (Hospitals, Elderly Care Facilities, and Home Care Settings), and by Geography (U.S., Canada, Germany, U.K., France, China, Japan, India, and Rest of the World)
Industry Overview
The Global Hospital Bed Market is expected to reach USD 5.7 billion by 2030 at a CAGR of 5.9% during the forecast period ranging from 2025 to 2030.
Hospital beds, also referred to as medical beds, are a part of medical equipment. These beds are specially designed to provide optimal comfort, relief, convenience, and assistance to patients who need medical care and bedridden patients. These beds offer better positioning, help in patient transfer, and eliminate the risk of falling. These beds also improve blood circulation. There are different types of medical beds available, such as general beds, pediatric beds, bariatric beds, and birthing beds.
The growth of the global hospital bed market is driven by the rising number of chronic and lifestyle diseases and an ever-growing aging population. Furthermore, rapid technological developments and a rise in demand fuel the market growth.
The continually declining number of beds in public hospitals is one significant challenge to the market growth. However, the higher demand for hospital beds in homecare settings is creating novel growth opportunities.
Market Segmentation
Insight by Treatment
The global hospital bed market is divided by treatment into acute care, critical care, and long-term care categories. Out of them, the critical care hospital bed segment is expected to grow at a higher rate, but the acute care bed segment will also grow to be the largest due to higher demand.
Insight by Type
The global hospital bed market is divided by types into general, bariatric, pediatric, pressure relief, birthing, and other medical beds. Among all these types, the general beds segment is expected to grow at a higher rate and contribute more due to low cost.
Insight by Power
According to Power, the global hospital bed market is divided into manual, electric, and semi-electric beds. Among these segments, the manual beds segment is expected to grow at a higher CAGR during the forecast period due to easy availability and cost-effectiveness.
Insight by End-User
The global hospital bed market is divided by end users into hospitals, home care settings, and elderly care facilities. Out of them, the hospital segment is expected to grow more due to rising in-patient treatments. However, the elderly care facilities segment will also grow at a higher CAGR due to rising government initiatives to encourage a reduction in the length of stay in the hospital as well as higher usage by the aging population.
Global Hospital Bed Market Report Coverage
|
Report Metric |
Details |
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Historical Period |
2018 - 2023 |
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Base Year Considered |
2024 |
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Forecast Period |
2025 - 2030 |
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Market Size in 2023 |
U.S.D. x.x Billion |
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Revenue Forecast in 2030 |
U.S.D. 5.7 Billion |
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Growth Rate |
5.9% |
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Segments Covered in the Report |
By Type, By Area of Use, By Power and By End-User |
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Report Scope |
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 |
|
Regions Covered in the Report |
North America, Europe, Asia-Pacific, Middle East, South America and Rest of the World |
Industry Dynamics
Industry Trends
Manufacturing companies around the world are entering this market despite the strict regulatory policies. There has also been a significant development in technology and type of hospital beds with the advent of specialty beds, electric beds, low beds, and birthing beds.
Growth Drivers
The primary growth driver of the global hospital bed market is the ongoing development of healthcare infrastructure. A few other growth drivers of the market include the development in hospital bed solutions and higher healthcare expenditure. It is also attributed to the significant progress in private healthcare facilities and technological development in ICU beds. The growing preference for home care among patients is also facilitating the market growth significantly.
Challenges
Also, there are issues with these beds that restrict their higher acceptance. In addition, the high costs hinder the growth of the global hospital bed market.
Opportunities
The growth in the aging population and the rise in the number of chronic and lifestyle-related diseases among them needing hospital admission for a long term offers new opportunities for market growth.
Geographic Overview
North American and European markets are expected to grow during the forecast period due to the growing aging population and chronic diseases, as well as an increase in healthcare spending, tech developments, and the development of healthcare infrastructure.
The Asia-Pacific market will grow at a faster rate during the projected period due to a rise in the number of chronic diseases, growing medical tourism, improving healthcare infrastructure, and growing geriatric population.
Competitive Insight
Key players in the hospital bed market are catering to the demand for these devices by investing in technologically advanced products in their product portfolio across the globe.
The Stiegelmeyer-Group produces high-quality beds and furniture for nursing homes, rehabilitation facilities, hospitals and for homecare. Company offer lifestyle beds for private customers and a comprehensive range of services. The company currently produces more than 100,000 beds per year. The Group's headquarters is Herford, Germany, and further production sites are located in Nordhausen, Germany, as well as in Stolno and Kepno in Poland. In China a local production site manufactures specifically for the Chinese market.
Stryker is a global leader in medical technologies. It offers innovative products and services in MedSurg, Orthopaedics, Neurotechnology and Spine that help improve patient and healthcare outcomes. Alongside its customers around the world, Stryker impacts more than 150 million patients annually.
Stiegelmeyer GmbH & Co. Kg, Stryker Corporation, Medline Industries, Inc., Invacare Corporation, Paramount Bed Holdings Co., Ltd., Hill-Rom Holdings, Inc., Merivaara Corp., Getinge AB, Midmark Corporation, Linet Spol. S.R.O and Antano Group S.R.L are the key players offering hospital beds.
Recent Developments by Key Players
Midmark RTLS, a leading real-time locating system (RTLS) technology provider focused on clinical workflow solutions and data insights that improve the delivery of care has rebranded their system for real-time locating to CareFlow RTLS. Through multiple locating technologies, CareFlow RTLS delivers actionable information that guides healthcare professionals to improve operations and focus on what matters most - delivering exceptional care.
The Hospital Bed Market report offers a comprehensive market segmentation analysis along with an estimation for the forecast period 2025–2030.
Global Hospital Bed Market Coverage
- 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
Hospital Bed Market by Region
- North America
- U.S.
- Canada
- Mexico
- Europe
- U.K.
- Germany
- France
- Italy
- Russia
- Spain
- Rest of Europe
- Asia-Pacific
- Japan
- China
- India
- Australia
- South Korea
- Rest of Asia-Pacific
- Rest of the World (RoW)
- Brazil
- South Africa
- Saudi Arabia
- U.A.E.
- Rest of RoW
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Hospital Bed Market