Hospital Beds Market

The global hospital beds market is estimated to be valued at USD 4,896.5 Mn in 2024 and is expected to exhibit a CAGR of 6.6% during the forecast period (2024-2031). The growing prevalence of chronic diseases and increasing adoption of complicated treatments are the major factors fueling the demand for advanced beds with sophisticated features. In addition, rising geriatric population prone to ailments and increased healthcare expenditure across developing nations are positively impacting the market growth. Growing need for customized beds with enhanced functionality, easier maneuverability, and safety features are propelling the demand for hospital beds in hospitals. Advanced beds integrated with real-time patient monitoring systems are gaining traction, as they enable the remote tracking of vitals and delivery of personalized care.

Market Dynamics:

The global hospital beds market is mainly driven by the growing prevalence of chronic diseases worldwide along with rapidly aging population. According to the World Health Organization, chronic diseases accounted for 71% deaths globally in 2021. Increased affinity towards minimally invasive treatments and cosmetic surgeries are propelling the demand for customized beds. Furthermore, technologically advanced beds integrated with real-time patient monitoring solutions are gaining popularity, as they facilitate remote tracking of vitals and delivery of personalized care. However, high costs associated with technologically sophisticated beds are restricting their widespread adoption. Growing healthcare investments across emerging economies are expected to offer lucrative opportunities for market growth over the forthcoming years.

Key Features of the Study:

• This report provides an in-depth analysis of the global hospital beds market, and provides market size (USD Mn) and compound annual growth rate (CAGR%) for the forecast period (2024–2031), considering 2023 as the base year
• It elucidates potential revenue growth opportunities across different segments and explains attractive investment proposition matrices for this market
• This study also provides key insights about market drivers, restraints, opportunities, new product launches or approvals, market trends, regional outlook, and competitive strategies adopted by key players
• It profiles key players in the global hospital beds market based on the following parameters – company highlights, products portfolio, key highlights, financial performance, and strategies
• Key companies covered as a part of this study Stryker, Hill-Rom Holdings, Inc., Getinge AB, Invacare Corporation, Medline Industries, Inc., EarlySense, Max Healthcare, Eqova Healthcare, Stiegelmeyer GmbH & Co. Kg, Antano Group S.R.L, Amico Corporation, Midmark Corporation, Linet SPOL S.R.O., Med-Mizer Inc, Paramount Bed Holdings, and Baxter
• Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics
• The global hospital beds market caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts
• Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global hospital beds market

Detailed Segmentation-

• By Type:
• • Electric Beds
  • Semi-electric Beds
  • Manual Beds
• By Application:
• • Acute Care
  • Psychiatric Care
  • Long-term Care
  • Others (Maternity care, etc.)
• By End User:
• • Hospitals
  • Home Care Settings
  • Elderly Care Facilities
  • Ambulatory Surgical Centers
  • Others (Nursing Homes, etc.)
• By Region:
• • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East
  • Africa
• Company Profiles:
• • Stryker
  • Hill-Rom Holdings, Inc.
  • Getinge AB
  • Invacare Corporation
  • Medline Industries, Inc.
  • EarlySense
  • Max Healthcare
  • Eqova Healthcare
  • Stiegelmeyer GmbH & Co. Kg
  • Antano Group S.R.L
  • Amico Corporation
  • Midmark Corporation
  • Linet SPOL S.R.O.
  • Med-Mizer Inc
  • Paramount Bed Holdings
  • Baxter