Hospital Beds Market to Grow with a CAGR of 6.80% through 2029
Rapid technological advancements and increasing
prevalence of chronic diseases is expected to drive the Global Hospital Beds
Market growth in the forecast period, 2025-2029.
According
to TechSci Research report, “Hospital Beds Market – Global
Industry Size, Share, Trends, Competition Forecast & Opportunities,
2029F”, the Global Hospital Beds Market stood at USD 3.84 billion
in 2023 and is anticipated to grow with a CAGR of 6.80% in the forecast period,
2025-2029. The global hospital bed market is experiencing significant growth,
driven by various factors that reflect the evolving landscape of healthcare
systems worldwide. Hospital beds are critical healthcare infrastructure,
playing a pivotal role in patient care, comfort, and recovery. As the
healthcare industry adapts to changing demographics, technologies, and patient
needs, several key drivers are shaping the expansion of the hospital bed market
on a global scale. One of the primary drivers behind the growth of the hospital
bed market is the aging global population. As populations age, the incidence of
chronic diseases and conditions such as cardiovascular diseases, diabetes, and
respiratory disorders increases. Older adults often require specialized care
and prolonged hospital stays, necessitating a greater demand for hospital beds
equipped with features that enhance patient comfort and aid in recovery.
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"Global Hospital Beds Market”
Advancements
in technology are transforming the hospital bed market, leading to the
development of smart beds equipped with features like electronic controls,
pressure relief systems, and connectivity options. Smart beds not only improve
patient outcomes by preventing bedsores and enhancing comfort but also enable
healthcare providers to remotely monitor patients, optimizing care delivery and
operational efficiency.
Increasing
healthcare expenditure across the globe is fueling investments in hospital
infrastructure and medical equipment, including hospital beds. Growing
healthcare budgets allow hospitals to upgrade their facilities with modern beds
that offer enhanced functionalities, contributing to better patient care and
staff productivity. The COVID-19 pandemic underscored the importance of
hospital beds in healthcare systems globally. The surge in hospitalizations
during the pandemic highlighted the need for sufficient bed capacity, including
specialized beds for intensive care units (ICUs). This experience has prompted
many healthcare facilities to invest in expanding and upgrading their bed
capacities, driving market growth. There is an increasing emphasis on patient-centered care, which includes
prioritizing patient comfort and safety. Hospital beds are being designed to
provide ergonomic support, infection control features, and easy accessibility,
enhancing the overall patient experience and reducing the risk of complications
during hospital stays.
The Global Hospital
Beds Market is segmented into type, power, application, end user, regional distribution,
and company.
Based on
power, the manual segment is anticipated to contribute the largest share in the
global hospital bed market. Manual hospital beds are
generally more affordable compared to their powered counterparts. This cost
advantage makes manual beds accessible to a wider range of healthcare
facilities, especially in developing regions or smaller clinics with budget
constraints. As a result, the demand for manual beds remains consistently high
across different healthcare settings. Manual hospital beds are often perceived
as durable and reliable due to their mechanical simplicity. They have fewer
components that could potentially malfunction, reducing maintenance costs over
time. This reliability is particularly important for healthcare facilities
seeking long-term investments in bed infrastructure. Manual hospital beds are
straightforward to operate, requiring minimal training for healthcare staff.
They do not rely on complex electronic controls or power sources, which can be
advantageous in environments where consistent electricity supply may be a
concern. Manual hospital beds are versatile in terms of adjustability. They
typically offer basic functions such as height adjustment and backrest
positioning, which are sufficient for many patient care scenarios. This
versatility makes manual beds suitable for a wide range of patient needs. In
some regions or healthcare systems, there may be a cultural or historical
preference for manual beds. Healthcare providers may prioritize simplicity and
reliability over advanced features, leading to sustained demand for manual bed
models. Regulatory standards or reimbursement policies in certain markets may
influence the choice of hospital beds. Manual beds, being simpler in design and
operation, may align more easily with regulatory requirements or budget
constraints, driving their adoption. Manual beds are perceived as safe and
stable, providing a secure platform for patient care activities. This factor is
critical in environments where patient safety is paramount.
Based on region, Asia Pacific, this
region is expected to be the fastest-growing region in the global Hospital Beds
market. Asia Pacific has been witnessing rapid economic growth, leading to
increased healthcare investments. The rising population, particularly the
growing middle class, further contributes to the demand for hospital beds in the
region. Factors such as the increasing prevalence of chronic diseases,
improving healthcare infrastructure, and a growing awareness of advanced
medical treatments also fuel the demand for hospital beds in Asia Pacific.
Major companies
operating in Global Hospital Beds Market are:
- Invacare Corporation
- Linet Spol. S R.O
- Paramount Beds Holdings
- Hill-Rom Holdings
- Stryker Corporation
- Joh. Stiegelmeyer GmBH & Co. KG
- Gendron Inc.
- Medline Industries, Inc.
- Getinge AB
- Joerns Healthcare LLC
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“The key factors
attributing to the market growth of hospital beds include the rising prevalence
of chronic diseases, an aging population, a mounting number of hospitalization
cases, and ongoing technological advancements in the hospital equipment market.
In developing countries from Asia-Pacific and Latin America, the major factors
driving the hospital beds market are improved healthcare infrastructure, a
growing middle-class income, and increasing investment and advancement in the
healthcare sector. Looking into the future, a major trend that can be
anticipated is the rising demand for advanced and selective features of
hospital beds. As the healthcare industry continues to evolve, there will be a
growing need for hospital beds with enhanced functionalities and tailored
features to meet the specific requirements of patients. Furthermore, with the
emergence of new and advanced hospitals in emerging economies around the world,
the demand for hospital beds is expected to surge in the forecast years. These
hospitals will play a vital role in catering to the healthcare needs of their
respective populations and will drive the market for hospital beds to meet the
growing demand.,” said Mr. Karan Chechi, Research Director with TechSci
Research, a research-based management consulting firm.
“Hospital Beds Market - Global Industry Size, Share, Trends, Opportunity, and Forecast, Segmented By Type (Acute Care, Long-Term Care, Psychiatric & Bariatric Care, Others), By Power (Electric, Semi-Electric, Manual), By Application (Acute Care, Long-term Care, Others), By End User (Hospitals, Ambulatory Surgical Centres, Others), By Region, By
Competition, 2019-2029F”,
has evaluated the future growth potential of Global Hospital Beds Market and
provides statistics & information on market size, structure and future
market growth. The report intends to provide cutting-edge market intelligence
and help decision makers take sound investment decisions. Besides, the report
also identifies and analyzes the emerging trends along with essential drivers,
challenges, and opportunities in Global Hospital Beds Market.
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