Global Hospital Beds Market Size By Type (Acute Care, Long-Term Care), By Power (Electric, Semi-Electric), By End Users (Hospitals, Clinics), By Geographic Scope And Forecast

Published Date: August - 2024 | Publisher: MIR | No of Pages: 320 | Industry: latest updates trending Report | Format: Report available in PDF / Excel Format

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Hospital Beds Market Size And Forecast

Hospital Beds Market size was valued at USD 4.413 Billion in 2024 and is projected to reach USD 7.195 Billion by 2031, growing at a CAGR of 6.3% during the forecast period 2024-2031.

  • A hospital bed is a special type designed for use in hospitals and other medical facilities to provide comfort and support for patients who are ill, injured, or recovering from surgery. They are much more than just a place to sleep; they are vital medical equipment that can help patients heal and get better.
  • Hospital beds are made from a variety of materials, including steel, plastic, and wood. The mattress is typically made from a firm foam that is designed to provide pressure relief and support. Hospital beds are also designed to be easy to clean and disinfect.
  • Hospital beds go beyond just a sleeping surface, offering features like adjustable height for caregiver ease, head and footrest adjustments for patient comfort and specific medical needs, side rails for fall prevention, electronic controls for patient independence, built-in scales for weight monitoring without movement, and even alarms for safety in case of attempted exits or excessive bed movement.

Hospital Beds Market Dynamics

The key market dynamics that are shaping the Hospital Beds Market include

Key Market Drivers

  • Rising prevalence of chronic diseasesThe prevalence of chronic diseases such as heart disease, cancer, and diabetes is increasing worldwide. This is due to several factors, including obesity, lack of physical activity, and unhealthy diets. Chronic diseases often require long-term hospitalization or frequent hospital visits, which drives up the demand for hospital beds.
  • Increasing population and aging demographicsAs the global population grows and ages, there will be a greater demand for hospital beds. This is because older adults are more likely to require hospitalization for chronic conditions and other medical needs.
  • Government initiatives in healthcare Governments around the world are increasingly focusing on improving access to healthcare. This includes initiatives to expand health insurance coverage and build new hospitals. These initiatives will also drive up the demand for hospital beds.

Key Challenges

  • Varied Healthcare StandardsHealthcare standards and regulations differ significantly across the globe. This can make it difficult for manufacturers to produce beds that meet the needs of all markets. For example, a hospital bed designed for the American market may not be compliant with safety regulations in Europe. Additionally, some countries may have specific requirements for features such as bed weight capacity or mattress types. This variation in standards can create additional hurdles for manufacturers who want to sell their beds in multiple countries.
  • Shifting Focus to Value-Based Care The healthcare industry is increasingly moving towards a value-based care model, where providers are rewarded for delivering quality care at a lower cost. This can put pressure on hospitals to keep costs down, which may limit their spending on new hospital beds.

Key Trends

  • Patient Comfort and Safety Focus Features promoting comfort and safety are increasingly important. This includes height adjustability for easier caregiving, pressure-relieving mattresses to prevent bed sores, and built-in alarms for fall prevention. Additionally, remote monitoring capabilities allow for better patient observation and timely interventions.
  • Specialty Bed Focus The hospital bed market is moving beyond the one-size-fits-all approach. Specialty beds are gaining traction, designed with specific patient needs in mind. Intensive care units (ICUs) utilize beds with built-in monitoring and therapeutic surfaces to aid critically ill patients. Bariatric beds cater to larger patients with sturdier frames and increased weight capacity. For children’s comfort and safety, pediatric beds come in playful designs with adjustable features to grow with them. Lastly, maternity beds offer birthing positions, adjustable leg rests, and even bassinet attachments to support mothers during childbirth and recovery. This focus on specialized beds ensures a more tailored and effective approach to patient care.

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Hospital Beds Market Regional Analysis

Here is a more detailed regional analysis of the Hospital Beds Market

Asia Pacific

  • Asia Pacific has a large and growing elderly population, particularly in countries like China and Japan. This demographic shift is a major driver for the hospital bed market in the region. As people live longer, they are more likely to experience age-related health conditions that require hospitalization or ongoing medical care. This increases the demand for beds in hospitals, nursing homes, and long-term care facilities.
  • Hospitals in developed countries within the region, like Japan and South Korea, are embracing smart bed technology. These beds offer real-time patient monitoring, data collection, and integration with electronic medical records, improving care efficiency.
  • chronic diseases like diabetes and heart disease are becoming increasingly common in the Asia Pacific. These conditions often necessitate hospitalization or frequent hospital visits, leading to a need for more beds.
  • Governments across Asia Pacific are recognizing the importance of a strong healthcare system for their citizens’ well-being and economic productivity. As a result, they are implementing various initiatives to improve healthcare access and affordability. These initiatives include funding for the construction of new hospitals and clinics, as well as subsidies for medical equipment like hospital beds.

 North America

  • Similar to the global market, North America is driven by demographic trends, with a large and growing aging population that requires more medical care. This is due to several factors such as a rise in life expectancy and an increase in chronic conditions that are more prevalent among older adults. As the population ages, the demand for hospital beds is expected to rise steadily in North America.
  • The prevalence of chronic diseases like heart disease, cancer, and diabetes is a major driver for the hospital bed market in North America. These conditions often require long-term hospitalization or frequent hospital visits, leading to a higher demand for beds.
  • Also, Technological advancements are a major driver for the North American hospital bed market. Hospitals are increasingly adopting beds with features like pressure-relieving mattresses that can help prevent bed sores, a common complication among immobile patients. These mattresses are designed to distribute weight evenly and reduce pressure points on the body. Electronic controls allow for easier patient positioning and adjustment, improving comfort and reducing the need for manual assistance from caregivers.

Europe

  • Europe has a rapidly aging population, with a high proportion of individuals over 65 years old. This demographic shift is a major driver for the hospital bed market in Europe. As the population ages, there is a corresponding increase in the prevalence of age-related chronic conditions that require hospitalization and long-term care. This, in turn, fuels the demand for hospital beds to accommodate these patients.
  • The prevalence of chronic diseases like heart disease, cancer, and diabetes is on the rise in Europe. According to the World Health Organization (WHO), chronic diseases are the leading cause of death and disability in Europe, accounting for over 80% of premature deaths. These conditions often require long-term hospitalization or frequent hospital visits, placing a significant strain on healthcare systems. As a result, hospitals are increasingly investing in advanced hospital beds to improve patient care and outcomes for those with chronic diseases.

Hospital Beds MarketSegmentation Analysis

The Hospital Beds Market is Segmented based on Type, Power, End-user, and Geography.

Hospital Beds Market, By Type

  • Acute Care
  • Long-Term Care
  • Psychiatric Care
  • Others

Okay, so when we look at the different types of care, the market is divided up into categories like Acute Care, Long-Term Care, Psychiatric Care, and then an "Others" category to catch everything else. Now, long term care? That's expected to really take off, growing the fastest over the next few years. Why? Well, the global population is getting older, and more people are dealing with chronic illnesses. Both of those things mean folks need to stay in the hospital longer and require specialized long-term care. Plus, there's a bigger focus now on looking after our elders and providing rehabilitation services, and we're even building more healthcare facilities to handle all the long-term care that's needed. So, all this pushes up demand for long-term care beds. Finally, the fact that bed technology is getting better - making patients more comfortable and care more efficient, especially for those long-term patients - also really helps this segment grow.

Hospital Beds Market, By Power

  • Electric
  • Semi-Electric
  • Manual

Looking at Power, the market's broken down into three main typesElectric, Semi-Electric, and Manual. We're expecting the electric type to grow the fastest over the next few years. Why? Well, electric hospital beds are super popular because they're just better! They really boost patient comfort and make life easier for caregivers. You know, with motorized controls, you can change the bed height, and adjust the head and foot areas super easily – all with the push of a button. That makes them perfect when you need to make small, frequent changes. Because they're so easy to use, and mean less back strain for nurses, electric hospital beds are in demand and you’ll find them all over the world in healthcare facilities. They're especially great for patients recovering from surgery or who have trouble moving around.

Hospital Beds Market, By End-user

  • Hospitals
  • Clinics
  • Ambulatory Centers

When we look at who's actually using these medical beds – the end-users, if you will – the market really splits into three main areasHospitals, Clinics, and Ambulatory Centers. Right now, hospitals are leading the way and expected to stay there for a while. Why? Well, hospitals have a lot of different needs for beds. They need all sorts – everything from basic beds to intensive care unit (ICU) beds, and even specialized beds – to take care of patients with all sorts of medical issues. Think about ita hospital needs more beds, and a wider variety of them, to handle everyone who comes through their doors. Plus, you've got more and more hospitals popping up, especially in developing countries, thanks to improvements in healthcare. And with chronic diseases becoming more common, people are staying in the hospital longer. All of that adds up to a big demand for medical beds in the hospital segment.

Hospital Beds Market, By Geography

  • North America
  • Europe
  • Asia Pacific
  • Rest of the World

When we look at where hospital beds are being used around the globe, we can divide it into regions like North America, Europe, Asia Pacific, and then, well, everywhere else (we call that the Rest of the World). Right now, North America is leading the pack and expected to stay that way for a while. Why? They've got a really good healthcare system, they spend a lot on healthcare, and they're home to some of the biggest companies that make these beds. Plus, hospitals and clinics there are all about using the latest tech to take better care of patients. Don't forget the aging population too! More older folks often means more chronic illnesses and longer hospital stays, so the need for beds keeps going up. And with the push to upgrade hospitals and more money being poured into them, especially in the United States and Canada, the hospital bed market is really taking off.

Key Players

The “Hospital Beds Market” study report will provide valuable insight with an emphasis on the global market including some of the major players such as BAM Labs Inc., Hill Rom Holdings, Inc., Invacare Corporation, Malvestio Spa, Merivaara Corp., Stiegelmeyer & Co. GmbH, Stryker Corporation, Getinge AB, General Vision, GF Health Care Products, and Welltok Inc.

Our market analysis also entails a section solely dedicated to such major players wherein our analysts provide an insight into the financial statements of all the major players, along with its product benchmarking and SWOT analysis. The competitive landscape section also includes key development strategies, market share, and market ranking analysis of the above-mentioned players globally.

Smart Hospital Beds Market Recent Developments

  • In 2022, Hill-Rom Holdings, Inc. launched the “Unity CareLink” platform, an integrated solution designed to streamline the management of patient data collected from a variety of connected devices in the hospital room, including smart beds. This platform can collect and analyze data on vital signs, weight, sleep patterns, and patient activity. Caregivers can access this data remotely to monitor patient progress, identify potential health issues early on, and make informed care decisions.
  • In 2023, Merivaara Corp. unveiled a prototype smart bed showcasing several innovative features. The bed integrates weight scales embedded into the mattress base, allowing for automatic and continuous weight monitoring without the need for transferring the patient. This can be particularly beneficial for patients who require regular weight monitoring or those with limited mobility.

Report Scope

REPORT ATTRIBUTESDETAILS
STUDY PERIOD

2021-2031

BASE YEAR

2024

FORECAST PERIOD

2024-2031

HISTORICAL PERIOD

2021-2023

UNIT

Value (USD Billion)

KEY COMPANIES PROFILED

BAM Labs Inc., Hill Rom Holdings, Inc., Invacare Corporation, Malvestio Spa, Merivaara Corp., Stryker Corporation, Getinge AB, General Vision, GF Health Care Products.

SEGMENTS COVERED

By Type, By Power, By End-user, and By Geography

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