Press release
Hospital Beds Market Poised for Robust Growth: Surge from $4.35 billion in 2025 to $6.56 billion in 2029
Hospital Beds Market Share
What Is The Projected Market Size Of The Global Hospital Beds Market And Its Growth Rate?
The future of the hospital beds market seems promising with robust growth forecasts:
• The market size in 2024 was $4.35 billion.
• It is expected to grow at a CAGR of 6.7% to $4.64 billion in 2025.
• The projected market size for 2029 is $6.56 billion with a notable CAGR of 9.0%.
Driving factors include increased global aging population, increased prevalence of chronic diseases, advancements in healthcare infrastructure, growing surgical procedures and hospital admissions, and government investments in healthcare.
What Is Driving The Growth In The Hospital Beds Market?
The hospital bed market's expansion can be attributed to the rising rate of hospitalizations. Hospitalization includes admitting a patient into a healthcare facility for medical treatment, observation, or care, which requires the use of hospital beds. For example, based on data from the Ontario Agency for Health Protection and Promotion, the COVID-19 hospitalizations in 2022 increased to 29,524 from 22,559 in the previous year. This rise in hospitalization rates has been a significant catalyst in the hospital bed market's growth.
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Who Are the Key Players Driving Hospital Beds Market Growth?
The remarkable growth in the hospital beds market can be associated with the following key players:
• Apex Medical Corp
• Sunrise Medical LLC
• Invacare Corporation
• Paramount Bed Co. Ltd.
• Midmark Corporation
• Drive Medical
• Joerns Healthcare LLC
• Span-America Medical Systems
• ArjoHuntleigh
• Joh. Stiegelmeyer & Co. GmbH
• Linet spol s.r.o
• Amico Corporation
• Nitrocare
• Kanghui Medical Technology
• Savion Industries
• Guldmann AS
• Haelvoet NV
• Proma Reha Inc.
• Medline Industries LP
• Stryker Corporation
• Merivaara Corporation
• Malvestio SpA
• Hopefull Medical Equipment
• StarMed Healthcare
• Novak M d.o.o.
• Besco Medical Co. Ltd
• Gendron Inc.
• Royax SRO.
• Getinge AB
What Are The Key Trends In The Hospital Beds Market?
The hospital beds market is poised to witness significant trends in the coming years, such as:
• Telehealth integration
• Dust on patient safety
• Global aging population impact
• Modular and convertible bed solutions
• Sustainable and environmentally friendly designs
What Are The Segments Of The Global Hospital Beds Market?
The global hospital bed market can be segmented into:
• By Type: Semi-Electric Beds, Electric Beds, Manual Beds
• By Usage: Acute Care Beds, Long-Term Care Beds, Psychiatric Care Beds, Other Usages
• By Application: Non-Intensive Care Beds, Intensive Care Beds
• By End User: Hospitals, Clinics, Ambulatory Services, Other End Users
Which Region Leads The Hospital Beds Market?
Europe was the largest region in the hospital beds market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The hospital beds market report covers several regions including Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.
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What Is Covered In The Hospital Beds Market Global Market Report?
• Market Size Analysis: Analyze the Hospital Beds Market size by key regions, countries, product types, and applications.
• Market Segmentation Analysis: Identify various subsegments within the Hospital Beds Market for effective categorization.
• Key Player Focus: Focus on key players to define their market value, share, and competitive landscape.
• Growth Trends Analysis: Examine individual growth trends and prospects in the Market.
• Market Contribution: Evaluate contributions of different segments to the overall Hospital Beds Market growth.
• Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
• Industry Challenges: Analyze challenges and risks affecting the Hospital Beds Market.
• Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.
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