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Hospital Beds Market Forecast 2025-2034: Evaluating Growth Factors, Segments, and Emerging Trends
Hospital Beds Market
An anticipated increase in hospital admissions is set to fuel the expansion of the hospital bed market. The term hospitalization denotes the process of admitting a patient to a healthcare institution for diagnosis, treatment, or health monitoring. During their stay at the hospital for treatments or recuperation, patients utilize hospital beds. In March 2023, the Ontario Agency for Health Protection and Promotion, a health organization based in Canada, reported that COVID-19 hospital admissions in 2022 amounted to 29,524, a leap from 22,559 in 2021. Moreover, in 2022, the rate of hospitalizations per 100,000 people exceeded that of 2021. Consequently, the upward trend in hospitalization rates is driving the expansion of the hospital bed market.
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What is the projected compound annual growth rate (CAGR) of the hospital beds market from 2025 to 2034, and what factors influence it?
In the past few years, the market size of hospital beds has seen significant growth. The rise from $4.35 billion in 2024 to $4.64 billion in 2025 is expected, with a compound annual growth rate (CAGR) of 6.7%. Several factors can explain this growth during the historic period, including the growth in the worldwide aging population, an increase in chronic diseases frequency, improvements in healthcare infrastructure, heightened rates of surgical procedures and hospital admissions, and increased healthcare investments from the government.
The market size for hospital beds is anticipated to witness considerable growth in the forthcoming years. A compound annual growth rate (CAGR) of 9.0% is expected to push the market value to $6.56 billion in 2029. This growth during the projected period can be ascribed to an enhanced emphasis on the comfort and care of patients, an upsurge in worldwide healthcare expenditure, the rise of home healthcare services, an increased demand for bariatric hospital beds, and the incorporation of advanced technology in hospital beds. Noteworthy trends in this forecasted period are the integration of telehealth, priorities on patient safety, the influence of the worldwide aging population, adaptable and convertible bed options, and the emphasis on sustainable and eco-friendly designs.
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How are the latest trends influencing the growth of the hospital beds market?
Dominant players in the hospital bed market, such as Stryker, are maintaining their market positions by releasing technologically superior products like ICU bed upgrade platforms. These platforms represent systems or technologies aimed at augmenting the features, functionality, or capabilities of intensive care unit (ICU) beds. For example, in March 2023, Stryker introduced SmartMedic in India, the country's first platform for upgrading ICU beds. The platform is designed to improve patient care and caregiver safety by enhancing the current capabilities of ICU beds in hospitals. SmartMedic is created to manage variation in patient weights, track patient turns from nursing stations, and assist medical professionals in conducting X-rays within the ICU without the need for moving patients. Its purpose is to minimize patient discomfort and provide superior care.
What are the major segments of the hospital beds market and their role in driving growth?
The hospital beds market covered in this report is segmented -
1) By Type: Semi-Electric Beds, Electric Beds, Manual Beds
2) By Usage: Acute Care Beds, Long-Term Care Beds, Psychiatric Care Beds, Other Usages
3) By Application: Non-Intensive Care Beds, Intensive Care Beds
4) By End User: Hospitals, Clinics, Ambulatory Services, Other End Users
Subsegments:
1) By Semi-Electric Beds: Full-Electric With Manual Functions, Adjustable Height Semi-Electric Beds
2) By Electric Beds: ICU Electric Beds, Standard Electric Beds, Specialty Electric Beds
3) By Manual Beds: Adjustable Manual Beds, Fixed Height Manual Beds
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Which regions are key players in the growth of 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 regions covered in the hospital beds market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
Who are the key firms paving the way for growth in the hospital beds market?
Major companies operating in the hospital beds market include 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
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What Is Covered In The Hospital Beds Global Market Report?
• Market Size Forecast: Examine the hospital beds market size across key regions, countries, product categories, and applications.
• Segmentation Insights: Identify and classify subsegments within the hospital beds market for a structured understanding.
• Key Players Overview: Analyze major players in the hospital beds market, including their market value, share, and competitive positioning.
• Growth Trends Exploration: Assess individual growth patterns and future opportunities in the hospital beds market.
• Segment Contributions: Evaluate how different segments drive overall growth in the hospital beds market.
• Growth Factors: Highlight key drivers and opportunities influencing the expansion of the hospital beds market.
• Industry Challenges: Identify potential risks and obstacles affecting the hospital beds market.
• Competitive Landscape: Review strategic developments in the hospital beds market, including expansions, agreements, and new product launches.
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