Top Market Shifts Transforming the Hospital Beds Market Landscape: Key Insights

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What Is the Expected CAGR for the Hospital Beds Market Through 2025?
The market size for hospital beds has witnessed significant expansion in the past few years. The market is predicted to expand from $4.35 billion in 2024 to $4.6 billion in 2025, showing a compound annual growth rate (CAGR) of 5.8%. The growth experienced in the historic period is due to factors such as the growing aging population worldwide, rising instances of chronic illnesses, progress in healare infrastructure, an increase in surgical procedures and hospital admissions, and government funding in healare.

What's the Projected Size of the Global Hospital Beds Market by 2029?
Strong expansion is anticipated in the hospital beds market size over the coming years, where the value will rise to $6.46 billion in 2029, evidencing a compound annual growth rate (CAGR) of 8.9%. This foroming growth can be linked to a variety of factors such as an increase in emphasis on patient comfort and care, a surge in global healare expenditure, the advent of home healare services, burgeoning demand for bariatric hospital beds, and the inclusion of smart technologies in hospital beds. Additionally, the forecast period is expected to witness key trends such as incorporation of telehealth, stress on patient safety, influence of a globally aging population, development of modular and convertible bed solutions, as well as sustainable and eco-friendly designs.

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Top Growth Drivers in the Hospital Beds Industry: What's Accelerating the Market?
An anticipated surge in hospital admissions is predicted to boost the growth of the hospital bed industry. Hospitalization involves admitting an individual to a hospital or other healare facility for medical care, recuperation, or observation, which typically requires the use of a hospital bed. For instance, data from the Ontario Agency for Health Protection and Promotion, a governmental health agency based in Canada, reveals that in March 2023 there were 29,524 COVID-19 hospital admissions in 2022, a significant increase from the 22,559 reported in 2021. Likewise, the hospitalization rate per 100,000 individuals was higher in 2022 compared to the previous year. As a result, the escalating rates of hospitalization are fueling the expansion of the hospital bed market.

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Which Fast-Growing Trends Are Poised to Disrupt the Hospital Beds Market?
Leading businesses in the hospital bed market are innovating with high-tech goods like ICU bed upgrade platforms to maintain their market dominance. The ICU bed upgrade platform refers to a system or technology that enables improvements or enhancements to intensive care unit (ICU) beds, possibly including updates in features, functionality, or capabilities. For example, Stryker, a medical device firm based in the US, debuted SmartMedic in India in March 2023, the country's first ICU bed upgrade platform targeted to improve patient care and increase the safety of caregivers. SmartMedic is a patient care system designed to improve the existing capabilities of ICU beds in hospitals. The system is intended to handle variations in patient weight, track patient turn movements from nurse stations, and support medical staff in performing X-rays on patients within the ICU without needing to reposition them. The primary objective of SmartMedic is to alleviate patient distress while ensuring superior care.

What Are the Main 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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Which Top Companies are Driving 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 Healare 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 Healare, Novak M d.o.o., Besco Medical Co. Ltd, Gendron Inc., Royax SRO., Getinge AB

Which Regions Will Dominate the Hospital Beds Market Through 2029?
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

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