Press release
Hospital Beds Market Estimated to Reach US$ 4.6 Billion by 2028
Hospital Beds Market Report 2023
Report Highlights
How big is the hospital beds market?
The global hospital beds market size reached US$ 3.7 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 4.6 Billion by 2028, exhibiting a growth rate (CAGR) of 3.7% during 2023-2028.
What is a hospital beds?
Hospital beds refer to essential equipment used in healthcare settings such as hospitals, clinics, and other medical facilities to ensure patient comfort and support during hospitalization. They assist in various healthcare activities, including medical examinations, disease diagnosis, treatment, and patient transportation. They are equipped with additional amenities that enhance patient comfort throughout medical procedures and the subsequent recovery period while protecting against external hazards. The two types of commonly used hospital beds are manual and electric beds. Manual beds require adjustments and movement using hand cranks, while electric beds can be adjusted and moved using buttons connected to an electrical outlet.
On the other hand, semi-electric hospital beds offer the convenience of automatic adjustment for the head and foot positions, however manual assistance is needed for adjusting the bed height. Besides this, different types of hospital beds are available to cater to specific healthcare needs, including pediatric beds, pressure relief beds, bariatric beds, respiratory beds, and birth beds. These specialized beds are designed to meet specific requirements and provide optimal patient care in different medical situations. Moreover, hospital beds find extensive applications in hospitals across the globe to accommodate patients during major emergencies, such as natural disasters, pandemics, or other large-scale calamities.
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What are the growth prospects and trends in the hospital beds industry?
The global hospital beds market is primarily driven by the increasing shortage of beds in intensive care units (ICUs) and general wards due to rising patient hospitalization rates. Along with this, the growing prevalence of various medical conditions, including cancer and cardiovascular diseases (CVDs), has increased the demand for hospital beds. Moreover, the introduction of powered hospital beds, which offer advanced features such as convenient patient transportation, improved comfort, adjustable positions, mobile monitoring, and fall detection capabilities, is positively influencing the market growth. Additionally, the escalating demand for advanced healthcare services and infrastructure owing to the sudden spread of the coronavirus disease (COVID-19) has accelerated the product adoption rate. Besides this, governments of numerous countries are investing in healthcare infrastructure development, including improvements in ambulatory systems and hospitals and the provision of better insurance coverage for medical emergencies, which in turn has catalyzed market growth.
Furthermore, the surging adoption of technologically advanced hospital beds that incorporate novel features such as the Internet of Things (IoT) integration and power mattresses is contributing to the market growth. Apart from this, the rising product demand due to the expanding private hospital sector, medical tourism, and ambulatory surgical clinics is propelling the market growth. Other factors, including the growing geriatric population with chronic care needs, advancements in healthcare infrastructure, increasing awareness about advanced surgical procedures, and rising incidences of fatal road accidents, are also anticipated to drive the market further.
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What is included in market segmentation?
The report has segmented the market into the following categories:
Breakup by Technology:
Electric Beds
Semi-Electric Beds
Manual Beds
Breakup by Bed Type:
Regular Beds
Pediatrics Bed
Respiratory Beds
ICU Beds
Bariatric Beds
Birthing Beds
Pressure Relief Beds
Others
Breakup by Usage:
Critical Care
Acute Care
Long-Term Care
Breakup by End User:
Hospitals and Clinics
Ambulatory Surgery Centers (ASCs)
Others
Breakup by Region:
North America (U.S. & Canada)
Europe (Germany, United Kingdom, France, Italy, Spain, Russia, and Others)
Asia Pacific (China, India, Japan, South Korea, Indonesia, Australia, and Others)
Latin America (Brazil, Mexico)
Middle East & Africa
Who are the key players operating in the industry?
The report covers the major market players including:
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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About Us
IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC Group's information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company's expertise.
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