The global hospital beds market was valued at $3,390.2 million in 2021, and is projected to reach $7,149.26 million by 2031, registering a CAGR of 7.4% from 2022 to 2031.
Hospital beds are created specifically for individuals requiring medical attention or hospitalized patients. These beds possess unique features for the patient's comfort & wellbeing as well as the convenience of healthcare professionals. The entire bed, the head, and the feet can be adjusted in height. Side rails can also be adjusted, and electronic buttons can be used to control the bed and other surrounding electrical equipment.
The increase in prevalence of chronic diseases such as diabetes, asthma, and blood pressure drive the growth of market. For instance, according to International Diabetes Federation (IDF) Diabetes Atlas Tenth edition 2021, approximately 537 million adults (20-79 years) are living with diabetes and the total number of people living with diabetes is projected to rise to 643 million by 2030. The chronic diseases such as diabetes and hypertension may require short term or chronic hospitalization and bed rest. Thus, growth in prevalence of chronic diseases drives the growth of market.
The increase in number of incidences of road accidents and rise in number of surgeries boost the growth of market. For instance, according to U.S. Department of Transportation’s National Highway Traffic Safety Administration (NHTSA), in 2020, estimated 38,680 people died in motor vehicle traffic crashes. The road accidents are responsible for severe injuries and may require hospitalization. Thus, increase in number of road accidents, rise in number of surgeries, and surge in prevalence of bone diseases drives the growth of market.
Furthermore, the increase in prevalence of orthopedic diseases and other chronic conditions where the surgery is suggested contributes in the growth of market. For instance, in February 2021, according to world health organization (WHO), approximately 1.71 billion people have musculoskeletal conditions worldwide. Musculoskeletal disorders (MSD) are injuries or disorders of the muscles, nerves, tendons, joints, cartilage, and spinal discs. These musculoskeletal disorders (MSD) require surgical procedures, bed rest, and hospitalization.
The factors such as increase in old age population, growth in healthcare infrastructure, and huge gap in the supply & demand for the hospital beds drive the growth of market. In addition, COVID-19 pandemic has boosted the demand for hospital beds. For instance, according to world health organization (WHO) report, as of 8 July 2022, there have been 551,226,298 confirmed cases of COVID-19, including 6,345,595 deaths, reported to WHO. The COVID-19 patients need isolation and hospitalization, which further drives the hospital bed market.
Moreover, the increase in R&D activities for development of advanced hospital beds and novel product launch in market by key players boost the market growth. For instance, in February 2021, Stryker, one of the world's leading medical technology companies, announced its EMEA launch of a completely wireless hospital bed, ProCuity. The ProCuity bed series was designed to help reduce in-hospital patient falls at all acuity levels, improve nurse workflow efficiencies, and it can connect seamlessly to nurse call systems without the use of cables or wires. However, the high cost of advanced hospital beds and underdeveloped health care infrastructure in developing countries may hinder the growth of market.
The hospital beds market is segmented on the basis of technology, application, end user and region. By technology, the market is divided into powered beds and manual beds. The powered beds are further divided into electric beds and semi electric beds. Depending on application segment market is classified into acute care, long-term care and others. By end user, the market is categorized into hospitals, ambulatory surgical centers, and others. By region, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
The major companies profiled in the report include Amico Corporation, Antano Group S.R.L., Baxter Corporation, Burke Bariatric Inc, Drive Medical, Graham Field, Getinge AB, Invacare Corporation, Linet SPOL S.R.O., Medline Industries Inc, Med-Mizer Inc, Midmark Corporation, Novum Medical Technology, Paramount Bed Holdings, Savaria Corporation, Stiegelmeyer GMBH & Co and Stryker Corporation.
Hospital beds are created specifically for individuals requiring medical attention or hospitalized patients. These beds possess unique features for the patient's comfort & wellbeing as well as the convenience of healthcare professionals. The entire bed, the head, and the feet can be adjusted in height. Side rails can also be adjusted, and electronic buttons can be used to control the bed and other surrounding electrical equipment.
The increase in prevalence of chronic diseases such as diabetes, asthma, and blood pressure drive the growth of market. For instance, according to International Diabetes Federation (IDF) Diabetes Atlas Tenth edition 2021, approximately 537 million adults (20-79 years) are living with diabetes and the total number of people living with diabetes is projected to rise to 643 million by 2030. The chronic diseases such as diabetes and hypertension may require short term or chronic hospitalization and bed rest. Thus, growth in prevalence of chronic diseases drives the growth of market.
The increase in number of incidences of road accidents and rise in number of surgeries boost the growth of market. For instance, according to U.S. Department of Transportation’s National Highway Traffic Safety Administration (NHTSA), in 2020, estimated 38,680 people died in motor vehicle traffic crashes. The road accidents are responsible for severe injuries and may require hospitalization. Thus, increase in number of road accidents, rise in number of surgeries, and surge in prevalence of bone diseases drives the growth of market.
Furthermore, the increase in prevalence of orthopedic diseases and other chronic conditions where the surgery is suggested contributes in the growth of market. For instance, in February 2021, according to world health organization (WHO), approximately 1.71 billion people have musculoskeletal conditions worldwide. Musculoskeletal disorders (MSD) are injuries or disorders of the muscles, nerves, tendons, joints, cartilage, and spinal discs. These musculoskeletal disorders (MSD) require surgical procedures, bed rest, and hospitalization.
The factors such as increase in old age population, growth in healthcare infrastructure, and huge gap in the supply & demand for the hospital beds drive the growth of market. In addition, COVID-19 pandemic has boosted the demand for hospital beds. For instance, according to world health organization (WHO) report, as of 8 July 2022, there have been 551,226,298 confirmed cases of COVID-19, including 6,345,595 deaths, reported to WHO. The COVID-19 patients need isolation and hospitalization, which further drives the hospital bed market.
Moreover, the increase in R&D activities for development of advanced hospital beds and novel product launch in market by key players boost the market growth. For instance, in February 2021, Stryker, one of the world's leading medical technology companies, announced its EMEA launch of a completely wireless hospital bed, ProCuity. The ProCuity bed series was designed to help reduce in-hospital patient falls at all acuity levels, improve nurse workflow efficiencies, and it can connect seamlessly to nurse call systems without the use of cables or wires. However, the high cost of advanced hospital beds and underdeveloped health care infrastructure in developing countries may hinder the growth of market.
The hospital beds market is segmented on the basis of technology, application, end user and region. By technology, the market is divided into powered beds and manual beds. The powered beds are further divided into electric beds and semi electric beds. Depending on application segment market is classified into acute care, long-term care and others. By end user, the market is categorized into hospitals, ambulatory surgical centers, and others. By region, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
The major companies profiled in the report include Amico Corporation, Antano Group S.R.L., Baxter Corporation, Burke Bariatric Inc, Drive Medical, Graham Field, Getinge AB, Invacare Corporation, Linet SPOL S.R.O., Medline Industries Inc, Med-Mizer Inc, Midmark Corporation, Novum Medical Technology, Paramount Bed Holdings, Savaria Corporation, Stiegelmeyer GMBH & Co and Stryker Corporation.
KEY BENEFITS FOR STAKEHOLDERS
- This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the hospital beds market analysis from 2021 to 2031 to identify the prevailing hospital beds market opportunities.
- The market research is offered along with information related to key drivers, restraints, and opportunities.
- Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
- In-depth analysis of the hospital beds market segmentation assists to determine the prevailing market opportunities.
- Major countries in each region are mapped according to their revenue contribution to the global market.
- Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
- The report includes the analysis of the regional as well as global hospital beds market trends, key players, market segments, application areas, and market growth strategies.
Key Market Segments
By End User
- Hospitals
- Ambulatory Surgical Centers
- Others
By Technology
- Powered Beds
- Type
- Electric Beds
- Semi Electric Beds
- Manual Beds
By Application
- Acute Care
- Long-term Care
- Others
By Region
- North America
- U.S.
- Canada
- Mexico
- Europe
- Germany
- France
- UK
- Italy
- Spain
- Rest of Europe
- Asia-Pacific
- Japan
- China
- Australia
- India
- South Korea
- Rest of Asia-Pacific
- LAMEA
- Brazil
- Saudi Arabia
- South Africa
- Rest of LAMEA
Key Market Players
- Amico Corporation
- Antano Group S.R.L.
- Baxter Corporation
- Burke Bariatric Inc
- Drive Medical
- Graham Field
- Getinge AB
- Invacare Corporation
- Linet SPOL S.R.O.
- Medline Industries Inc
- Med-Mizer Inc
- Midmark Corporation
- Novum Medical Products
- Paramount Bed Holdings
- Savaria Corporation
- Stiegelmeyer GMBH & Co
- Stryker Corporation
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Table of Contents
CHAPTER 1: INTRODUCTION
CHAPTER 2: EXECUTIVE SUMMARY
CHAPTER 3: MARKET OVERVIEW
CHAPTER 4: HOSPITAL BEDS MARKET, BY TECHNOLOGY
CHAPTER 5: HOSPITAL BEDS MARKET, BY APPLICATION
CHAPTER 6: HOSPITAL BEDS MARKET, BY END USER
CHAPTER 7: HOSPITAL BEDS MARKET, BY REGION
CHAPTER 8: COMPANY LANDSCAPE
CHAPTER 9: COMPANY PROFILES
List of Tables
List of Figures
Executive Summary
According to the report, titled, “Hospital Beds Market," the hospital beds market was valued at $3.39 billion in 2021, and is estimated to reach $7.15 billion by 2031, growing at a CAGR of 7.4% from 2022 to 2031.Hospital beds are specially designed in order to provide comfort for patients and convenience for healthcare workers. The advanced hospital beds have features such as height adjustments, adjustable side rails, and electronic buttons to operate the bed.
The increase in prevalence of chronic diseases such as hypertension, heart diseases, and cancer drive the growth of Hospital Beds Market Size. For instance, according to report of global rheumatoid arthritis (RA) network, more than 350 million people have arthritis globally in 2021. Patients with chronic diseases recommended hospitalization and bed rest. Furthermore, rise in number of geriatric populations drives the growth of hospital beds market. The old age peoples are more prone to chronic diseases and orthopedic diseases. Thus, geriatric population signifies increase in patients of chronic diseases. For instance, according to world health organization (WHO), by 2050, the world’s population of people aged 60 years and older can reach to 2.1 billion.
The special designed beds have features that provide comfort to patient and convenience for healthcare workers & surgeons. The growth in incidences of road accidents, traumatic brain injuries (TBIs) and sport related injuries contributes in the growth of Hospital Beds Market Size. For instance, according to centers for disease control and prevention (CDC), in 2021, the traumatic brain injuries (TBIs) are responsible for 64,362 deaths in 2020. The accidents and chronic diseases may require surgical procedures which contributes in the increase in demand for surgical beds.
In addition, increase in birth rate and rise in children population further drives the growth of Hospital Beds Industry. For birthing, specially designed birthing beds are used for children, pediatric beds are recommended.
Furthermore, Hospital Beds Market Trends that drive the growth of the Hospital Beds Industry include increase in healthcare expenditure, rise in number of surgical operations, and advancement in hospital beds. In addition, COVID-19 pandemic boosted the demand for hospital beds. COVID-19 patients are isolated and require hospitalization, which increases demand for hospital beds. Moreover, for COVID-19 pandemic many colleges, schools, and company premises were converted into COVID-19 hospitals, which augmented the growth of market. For instance, in May 2020, Wipro Ltd., an Indian multinational information technology, consulting and outsourcing company, converted its Pune, India based campus into 450-bed intermediary care COVID-19 hospital. Furthermore, the rise in healthcare expenditure and improvements in healthcare facilities in developing nations contribute toward growth of the hospital beds market.
The Hospital Beds Market Analysis is segmented into by technology, application, end user, and region.
On the basis of technology, the market is divided into powered beds and manual beds. The powered beds segment dominated the market in 2021, and this trend is expected to continue during the Hospital Beds Market Forecast period, owing to advancements in hospital beds, high cost of powered beds, and convenient for healthcare workers.
By application, the market is categorized into acute care, long-term care, and others. The long-term care segment dominated the market in 2021, and this trend is expected to continue during the forecast period, owing to increase in number of surgical operations and rise in prevalence of road accidents.
By end user, the market is classified into hospitals, ambulatory surgical centers, and others. The hospitals segment dominated the market in 2021, and this trend is expected to continue during the forecast period, owing to increase in number of hospitals and rise in prevalence of chronic diseases.
Asia-Pacific accounted for a majority of the global hospital beds market share in 2021, and is anticipated to remain dominant during the forecast period. This is attributed to rise in prevalence of chronic diseases, high population base, and presence of key players in the region. Europe is anticipated to witness lucrative growth, owing to increase in prevalence of chronic diseases, well established healthcare infrastructure, and surge in healthcare expenditure.
Key findings of the study
- On the basis of technology, the powered beds segment was the highest contributor to the market in 2021.
- By application, the long-term care segment was the highest contributor to the market in 2021.
- Depending on end user, the hospitals segment was the highest contributor to the market in 2021.
- Region wise, Asia-Pacific garnered the largest revenue share in 2021, whereas Europe is anticipated to grow at the significant CAGR during the forecast period.
Companies Mentioned
- Amico Corporation
- Antano Group S.R.L.
- Baxter Corporation
- Burke Bariatric Inc
- Drive Medical
- Graham Field
- Getinge Ab
- Invacare Corporation
- Linet Spol S.R.O.
- Medline Industries Inc
- Med-Mizer Inc
- Midmark Corporation
- Novum Medical Products
- Paramount Bed Holdings
- Savaria Corporation
- Stiegelmeyer GmbH & Co
- Stryker Corporation
Methodology
The analyst offers exhaustive research and analysis based on a wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics, and regional intelligence. The in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. The primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions.
They are also in professional corporate relations with various companies that allow them greater flexibility for reaching out to industry participants and commentators for interviews and discussions.
They also refer to a broad array of industry sources for their secondary research, which typically include; however, not limited to:
- Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
- Scientific and technical writings for product information and related preemptions
- Regional government and statistical databases for macro analysis
- Authentic news articles and other related releases for market evaluation
- Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecast
Furthermore, the accuracy of the data will be analyzed and validated by conducting additional primaries with various industry experts and KOLs. They also provide robust post-sales support to clients.
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Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 220 |
| Published | July 2022 |
| Forecast Period | 2021 - 2031 |
| Estimated Market Value ( USD | $ 3390.2 million |
| Forecasted Market Value ( USD | $ 7149.26 million |
| Compound Annual Growth Rate | 7.7% |
| Regions Covered | Global |
| No. of Companies Mentioned | 17 |
