Hospital Beds Market 2022 Market Size & Forecast, Industry Trends, Manufacturers Analysis, & Opportunities 2030

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The global hospital beds market is projected to grow at a compounded annual growth rate (CAGR) of 6.0% during the forecast period of 2022-2030. Hospital beds are vital and indispensable components of the healthcare infrastructure. They are used in hospitals, clinics, and other healthcare settings to provide comfort, relief, support, and convenience to patients during diagnosis & treatment of diseases, examinations, and transportation of patients. The most widely used variants include manual and electric hospital beds.

Growth Drivers:

The global healthcare industry has been witnessing tremendous growth in the last few years, mainly due to the rapid economic growth, improving policy reforms, escalating investments, and surging disposable incomes of middle-class populations across major developing nations around the globe. The rising investments in healthcare infrastructure result in increased amounts of funds being allocated to the adoption of hospital beds, which ultimately boosts the growth of the global hospital beds market.

Moreover, the overall patient base at hospitals is surging at a stupendous pace owing to the ever-increasing number of old-age people across the globe, who are at a higher risk of acquiring several health issues. The growing number of patients in hospitals leads to an enhanced demand for hospital beds for the effective diagnosis & treatment of such patients, which, in turn, fuels the growth of the global hospital beds market.

Additionally, the leading players operating in the global hospital beds market are focusing on developing and launching new & innovative hospitals beds with enhanced features in the market. One of the recent introductions includes the advent of powered hospital beds that assist in convenient transportation of the patients and provide improved transportation, comfort, position adjustments, mobile monitoring, and fall detection features for patients and caregivers. The introduction of such beds along with other products is expected to bolster the growth of the global hospital beds market.

Furthermore, the rising incidence of chronic diseases coupled with the increasing outbreak of infectious diseases, the surging number of advanced infrastructure hospitals, the changing demographic shift, the escalating number of accidents, and the growing preference for highly-equipped & facilitated hospital beds are among other major factors driving the growth of the global hospital beds market.

However, the high prices associated with hospital beds and the decreasing funding for public hospitals lead to the declining number of beds in such hospitals are expected to hinder the growth of the global hospital beds market during the forecast period of 2022-2030.

Hospital Beds Market Segmentation:

By Technology:

·         Electric Beds

·         Semi-Electric Beds

·         Manual Beds


By Bed Type:

·         Regular Beds

·         Pediatrics Bed

·         Respiratory Beds

·         ICU Beds

·         Bariatric Beds

·         Birthing Beds

·         Pressure Relief Beds

·         Others


By Usage:

·         Critical Care

·         Acute Care

·         Long-Term Care


By End User:

·         Hospitals and Clinics

·         Ambulatory Surgery Centers (ASCs)

·         Others


By Region:

·         North America

·         Europe

·         Asia Pacific

·         Latin America

·         Middle East and Africa

 

Hospital Beds Market: Technology Review:

Based on technology, the global hospital beds market is segmented into electric beds, semi-electric beds, and manual beds. The electric bed segment captured the largest share of the market in 2021. The segment is anticipated to continue with its lead over the forecast period of 2022-2030. This can be attributed to the high adoption of electric beds due to their advantages, including patient comfort & position adjustments, easy transportation of patients, fall detection and mobile monitoring feature, etc.

Hospital Beds Market: Usage Review:

Based on usage, the global hospital beds market is segmented into critical care, acute care, and long-term care. The acute care segment led the market in 2021. The segment’s position is predicted to remain unhampered during the forecast period of 2022-2030. However, the long-term care segment is expected to register the highest CAGR in the market during the forecast period of 2022-2030. The growing prevalence of chronic diseases among the geriatric population worldwide who need care for extended periods is the predominant factor expected to drive the growth of this particular segment over the forecast period.

Regional Outlook:

 

The hospital beds research report offers detailed analysis and forecasts for five major regions: North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa.

 

The European region commanded the largest share of the global hospital beds market in 2021. The regional dominance is projected to continue over the forecast period of 2022-2030. The major factors responsible for the large share of this region include the presence of well-established and robust healthcare infrastructure, the growing number of favorable reimbursement policies, and the high healthcare expenditure in the region. The U.K. and Germany stand as the leading contributors to the market in the region.

 

The Asia Pacific region is poised to emerge as the fastest-growing regional market for hospital beds during the forecast period. The market growth in this region can be ascribed to the high prevalence of chronic diseases, the ever-increasing geriatric & patient population base, the growing number of hospitals, the rapidly enhancing healthcare infrastructure, and the increasing government support to the healthcare sector in the region. India, China, and Japan are the major contributors to the market in the region.

 

The North American region is also anticipated to experience robust growth in the global hospital beds market from 2022 to 2030, primarily due to the presence of well-established healthcare infrastructure in the region. Moreover, the increasing old-age population base, rising investments in research & development in healthcare, and the growing number of long-term healthcare facilities in the region are also projected to contribute to the growth of the hospital beds market in the North American region. The U.S. and Canada are the main contributors to the market in this region.

 

The report also identifies the country market outlook for hospital beds, covering country-wise market size, growth rate, market share, segmentation, leading players, current trends, and opportunities.

 

Key Companies in Hospital Beds Market:

The research report offers a competitive analysis of prominent companies operating in the global hospital beds market. Some of the leading players profiled in the market research report include:

·         Invacare Corporation

·         GF Health Products Inc.

·         Paramount Bed Co. Ltd.

·         LINET spol. s r.o.

·         ArjoHuntleigh

·         Hill-Rom Holdings Inc.

·         Medline Industries Inc.

·         Malvestio S.P.A.

·         Stryker Corporation

·         Stiegelmeyer GmbH & Co. KG

Other Key & Niche Players


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