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Hospital Beds Market Size, Applications, Types, Regional Outlook, Competitive Strategies, Analysis, Growth And Forecasts, 2024 -2032
Key Market Drivers
The increase in hospital and ambulatory service centers globally is a primary contributor to the hospital beds market's growth. The World Health Organization (WHO) reports that growing awareness of treatment options and the rise in chronic diseases have led to a higher need for hospital beds. This, combined with the rising elderly population, is pushing market expansion.
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Moreover, partnerships and collaborations within the healthcare industry are further accelerating market growth. For instance, on June 28, 2022, the International Finance Corporation (IFC) partnered with Egyptians for Health Care Services (EHCS) to build CapitalMed, a healthcare hub in Cairo designed to address the shortage of hospital beds in Egypt, particularly in critical care.
Governments and private companies are also investing in improving healthcare infrastructure. A notable example is GE Healthcare's collaboration with Apprise Health Insights in October 2021 to launch the United States' first automated statewide hospital bed management system in Oregon. This system provides near real-time data on bed occupancy, helping hospitals manage resources more effectively.
Challenges in the Market
Despite the positive outlook, several challenges could hinder the hospital beds market's growth. One of the main issues is the high cost of advanced, motorized beds, which could limit their adoption in lower-income regions. Additionally, in the event of a power outage, motorized beds may become unusable, posing challenges for patient care. Concerns about infection control related to hospital bed maintenance also remain a barrier to market expansion.
Market Segment Insights
In terms of product type, manual medical beds held the largest market share in 2022. These beds are often preferred due to their lower cost, ease of use, and the absence of electrical components, which reduces the risk of malfunction. A significant development in this segment is Baxter International Inc.'s acquisition of smart hospital bed manufacturer Hillrom in December 2021. This acquisition is expected to drive growth in the manual medical beds segment.
Meanwhile, the electric medical beds segment is expected to grow the fastest during the forecast period. These beds are commonly used in hospitals, nursing homes, and home care settings for patients requiring long-term care. Their ease of use, through motorized adjustments controlled by remote, makes them particularly useful for patients recovering from surgery or with mobility issues.
Application Insights
The intensive care segment accounted for the largest share of the hospital beds market in 2022. Intensive care beds are equipped with advanced monitoring systems that continuously track vital signs, allowing healthcare professionals to respond quickly to changes in a patient's condition. The ability to adjust the bed's height and tilt enhances both patient safety and caregiver convenience, which is driving demand for these specialized beds.
Usage Insights
In terms of usage, long-term care beds dominated the market in 2022. These beds are crucial in facilities that provide ongoing care for patients, particularly elderly individuals with chronic conditions. Long-term care beds are often designed to accommodate larger patients and reduce the risk of pressure sores, making them essential in improving patient comfort and well-being.
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Hospital Beds Top Companies and Competitive Landscape
The global hospital beds market is fragmented with many large and medium-sized players accounting for majority of market revenue. Major players are deploying various strategies, entering into mergers & acquisitions, strategic agreements & contracts, developing, testing, and introducing more effective hospital beds solutions.
Some major players included in the global hospital beds market report are:
Medline Industries, Inc.
Joerns Healthcare LLC.
Medical Depot, Inc.
Invacare Corporation
Stiegelmeyer GmbH & Co. KG
Joerns Healthcare LLC.
GF Health Products, Inc.
Hillrom Services, Inc.
LINET
Paramount Bed Co., Ltd.
Hospital Beds Latest Industry Updates
On 10 August 2023, DLF announced the partnership with Global Health Ltd (Medanta) to establish a 400-bed multi-speciality hospital in the national capital. In the new joint venture, the two companies have an equal collaboration. The new hospital expanded Delhi's medical infrastructure and reinforced the city's deep commitment to improving the quality of life for citizens in and around the National Capital Region (NCR).
Hospital Beds Market Segmentation Analysis
For the purpose of this report, Emergen Research has segmented the global hospital beds market on the basis of type, application, usage, and region:
Type Outlook (Revenue, USD Billion; 2019-2032)
Electric Medical Beds
Manual Medical Beds
Semi-Electric Medical Beds
Application Outlook (Revenue, USD Billion; 2019-2032)
Non-Intensive Care
Intensive Care
Usage Outlook (Revenue, USD Billion; 2019-2032)
Long term Care Beds
Acute Care Beds
Psychiatric Care Beds
Others
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Regional Outlook (Revenue, USD Billion; 2019-2032)
North America
U.S.
Canada
Europe
Germany
France
U.K.
Italy
Spain
Benelux
Russia
Rest of Europe
Asia Pacific
China
Japan
South Korea
India
ASEAN Countries
Oceania
Rest of APAC
Latin America
Brazil
Mexico
Rest of LATAM
Middle East & Africa
GCC Countries
Israel
Turkey
South Africa
Rest of MEA
Hospital Beds Market Snapshots
Hospital Beds Market Size: https://www.emergenresearch.com/industry-report/hospital-beds-market/market-size
Hospital Beds Market Share: https://www.emergenresearch.com/industry-report/hospital-beds-market/market-share
Hospital Beds Market Trends: https://www.emergenresearch.com/industry-report/hospital-beds-market/market-trends
Hospital Beds Regional Market Demand: https://www.emergenresearch.com/industry-report/hospital-beds-market/regional-market-demand
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Emergen Research is a market research and consulting company that provides syndicated research reports, customized research reports, and consulting services. Our solutions purely focus on your purpose to locate, target, and analyse consumer behavior shifts across demographics, across industries, and help clients make smarter business decisions. We offer market intelligence studies ensuring relevant and fact-based research across multiple industries, including Healthcare, Touch Points, Chemicals, Types, and Energy. We consistently update our research offerings to ensure our clients are aware of the latest trends existent in the market. Emergen Research has a strong base of experienced analysts from varied areas of expertise. Our industry experience and ability to develop a concrete solution to any research problems provides our clients with the ability to secure an edge over their respective competitors.
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