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Hospital Beds Industry Report 2025-2034: Market Dynamics, Trends, And Forecasts
Hospital Beds
What Is the Expected Hospital Beds Market Size During the Forecast Period?
The market for hospital beds has experienced robust growth over the recent years. The market value is projected to increase from $4.35 billion in 2024 to $4.64 billion in 2025, with a compound annual growth rate (CAGR) of 6.7%. The significant growth during the historic period is due to various factors such as a rise in the world's elderly population, an increase in the incidence of chronic diseases, improvements in healthcare infrastructure and an increase in surgical procedures and hospital admissions. Additionally, investments by governments in healthcare have also contributed to this growth.
In the coming years, a robust increase is projected in the hospital beds market size, which is estimated to reach $6.56 billion by 2029, with a compound annual growth rate (CAGR) of 9.0%. The expansion in the anticipated timeframe can be accredited to greater emphasis on comfort and care for patients, increased global healthcare spending, the rise of home healthcare services, the demand for bariatric hospital beds, and the integration of smart technologies in hospital beds. The forecast period will witness major trends such as incorporation of telehealth, focus on patient safety, the effect of the aging global population, the introduction of modular and convertible bed solutions, and the implementation of sustainable and eco-friendly designs.
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What Are the High-Growth Segments in the Hospital Beds Market?
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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What Key Drivers Are Expected to Influence Future Hospital Beds Market Growth?
The hospital bed market is projected to grow due to the increasing rate of hospitalizations. When a patient is admitted to a hospital or any other healthcare center for medical treatment, monitoring, or care, this process is termed as hospitalization. During their stay at the hospital for treatment and recuperation, patients utilize hospital beds. For example, as per the Ontario Agency for Health Protection and Promotion, a health agency based in Canada, in March 2023, the count of COVID-19 hospitalizations in 2022 was 29,524, showing a rise from 22,559 in the preceding year. Also, the number of hospitalizations per 100,000 population was greater in 2022 compared to 2021. Thus, these rising rates of hospitalizations are propelling the expansion of the hospital bed market.
Which Companies Hold the Largest Share Across Different Hospital Beds Market Segments?
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
What Trends Are Driving Growth in The Hospital Beds Market?
Leading companies active in the hospital bed industry are distinguishing themselves through the introduction of high-tech products, including ICU bed upgrade platforms. An ICU bed upgrade platform is a system or technology that enables improvements and enhancements to beds in the intensive care unit through upgraded features, functionality, or capabilities. In a notable instance from March 2023, US-based medical device corporation Stryker unveiled SmartMedic, the first ICU bed upgrade platform in India designed to elevate patient and caregiver safety. SmartMedic expands on existing hospital ICU bed abilities. It specifically aims to accommodate changes in patient weight, allow nurse stations to track patient rotation, and can assist medical professionals in administering X-rays to ICU patients without necessitating their movement. Its objective is to both alleviate patient discomfort and offer quality care.
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What Are the Emerging Geographies for The Hospital Beds Market Growth?
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
Frequently Asked Questions:
1. What Is the Market Size and Growth Rate of the Hospital Beds Market?
2. What is the CAGR expected in the Hospital Beds Market?
3. What Are the Key Innovations Transforming the Hospital Beds Industry?
4. Which Region Is Leading the Hospital Beds Market?
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