According to a new market research report titled, "Hospital Beds Market by Product (Bed, Accessories), Technology (Manual, Powered), Type of Care (Rehabilitative, Curative, Long Term), Healthcare Facility (Pediatric, Maternal, Bariatric, Critical, Homecare, Med Surg) - Global Forecast to 2030," published by Meticulous Research®, the global hospital beds market is projected to reach $6.66 billion by 2030, growing at a CAGR of 6.4% from 2023 to 2030.
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Hospital and medical beds are integral to healthcare facilities, providing essential support for patient recovery and caregiver efficiency. These specialized beds offer numerous functionalities, including the ability to adjust positions, thereby enhancing patient comfort and facilitating care delivery. Adjustable beds, such as electric models, allow for the effortless elevation of the head and foot sections and overall height adjustment, making them indispensable in modern healthcare settings.
The hospital beds market is segmented by product (beds, accessories), technology (powered beds, manual beds, smart beds), type of care (curative care, long-term care, rehabilitative care), healthcare facility (critical care unit, long-term care unit, bariatric care unit, med-surg care unit, pediatric care unit, maternal care unit, home care settings), and geography. The report also provides a comprehensive analysis of market competitors and their shares at both global and regional levels.
Market Dynamics:
- Product Segmentation: In 2023, the beds segment is expected to hold the largest market share, driven by the expansion of hospital infrastructures, government investments to enhance healthcare quality, an aging population, and a growing preference for long-term care due to rising chronic disease prevalence.
- Technology Segmentation: The powered beds segment is anticipated to dominate the market in 2023, owing to their numerous benefits, including facilitating patient mobility, enhancing comfort, enabling position adjustments, and supporting mobile monitoring and fall detection.
- Type of Care Segmentation: The curative care segment is projected to lead the market in 2023. The increasing use of hospital beds for treating chronic and acute diseases, coupled with the growing geriatric population and high incidence of physical injuries, are key factors contributing to this segment's growth.
- Healthcare Facility Segmentation: The critical care unit segment is expected to capture the largest share in 2023, attributed to the high prevalence of chronic diseases and severe injuries that necessitate intensive care unit (ICU) and critical care unit (CCU) admissions.
Geographic Insights:
The report segments the hospital beds market across five major regions: North America, Europe, Asia-Pacific, Latin America, and the Middle East Africa. In 2022, Europe held the largest market share, followed by North America, Asia-Pacific, Latin America, and the Middle East Africa. Factors contributing to Europe's market dominance include government initiatives to improve healthcare services, especially post-COVID-19, a significant aging population, collaborations among hospitals to improve care efficiency, and a robust healthcare system with highly skilled medical professionals.
Key Market Players:
The hospital beds market is highly competitive, with key players such as:
- Stryker Corporation (U.S.)
- Hill-Rom Holding, Inc. (Part of Baxter International Inc.) (U.S.)
- Invacare Corporation (U.S.)
- Getinge AB (Sweden)
- Paramount Bed Holdings Co., Ltd. (Japan)
- Medline Industries, LP (U.S.)
- Stiegelmeyer GmbH Co. KG (Germany)
- LINET Group SE (Czech Republic)
- Joerns Healthcare LLC. (U.S.)
- Drive DeVilbiss Healthcare (U.S.)
- Savaria Corporation (Canada)
- Midmark Corporation (U.S.)
- Amico Corporation (U.S.)
- Famed Zywiec Sp. z o.o. (Poland)
- Malvestio Spa (A Subsidiary of Malvestio Group) (Italy)
By Now- " Hospital Beds Market - Global Opportunity Analysis And Industry Forecasts (2023-2030) "
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Scope of the Report:
- By Product:
- Beds
- Accessories
- By Technology:
- Powered Beds
- Electric Beds
- Semi-electric Beds
- Manual Beds
- Smart Beds
- By Type of Care:
- Curative Care
- Long-term Care
- Rehabilitative Care
- By Healthcare Facility:
- Critical Care Unit
- Bariatric Care Unit
- Long-term Care Unit
- Homecare Settings
- Med-Surg Care Unit
- Pediatric Care Unit
- Maternal Care Unit
- By Geography:
- North America:
- U.S.
- Canada
- Europe:
- Germany
- France
- U.K.
- Italy
- Spain
- Rest of Europe
- Asia-Pacific:
- China
- Japan
- India
- Rest of Asia Pacific
- Latin America:
- Brazil
- Mexico
- Argentina
- Rest of Latin America
- Middle East Africa
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