Hospital Beds Market Report 2025

The hospital beds market size has grown strongly in recent years. It will grow from $4.35 billion in 2024 to $4.64 billion in 2025 at a compound annual growth rate (CAGR) of 6.7%. The growth in the historic period can be attributed to increased global aging population, increased prevalence of chronic diseases, advancements in healthcare infrastructure, growing surgical procedures and hospital admissions, and government investments in healthcare.

The hospital beds market size is expected to see strong growth in the next few years. It will grow to $6.56 billion in 2029 at a compound annual growth rate (CAGR) of 9%. The growth in the forecast period can be attributed to increasing focus on patient comfort and care, rising healthcare expenditure worldwide, emergence of home healthcare services, demand for bariatric hospital beds, integration of smart technologies in hospital beds. Major trends in the forecast period include telehealth integration, focus on patient safety, global aging population impact, modular and convertible bed solutions, sustainable and environmentally friendly designs.

The upward trajectory in hospitalization rates is anticipated to drive the expansion of the hospital bed market. Hospitalization, involving the admission of patients to a healthcare facility for medical treatment, observation, or care, necessitates the use of hospital beds for patients undergoing treatment, recovery, and rest. Notably, in March 2023, data from the Ontario Agency for Health Protection and Promotion, a governmental health agency based in Canada, revealed that COVID-19 hospitalizations in 2022 reached 29,524, marking an increase from 22,559 in 2021. Moreover, the hospitalization rate per 100,000 people was higher in 2022 compared to the preceding year. Consequently, the surge in hospitalization rates is a key driver fostering the growth of the hospital bed market.

The increasing prevalence of chronic diseases is anticipated to drive the growth of the hospital bed market. Chronic diseases refer to long-lasting health conditions that persist over time and often develop gradually. Hospital beds are crucial in managing and caring for patients with these conditions. For instance, in September 2023, the World Health Organization, a Switzerland-based specialized agency of the United Nations, reported that 41 million deaths each year - accounting for 74% of fatalities - are attributed to non-communicable diseases (NCDs) or chronic diseases globally. Therefore, the rising incidence of chronic diseases is fueling the expansion of the hospital bed market.

Prominent companies within the hospital bed market are introducing technologically advanced products, such as ICU bed upgrade platforms, as part of their strategic initiatives to maintain their market leadership. An ICU bed upgrade platform refers to a system or technology designed to enhance and improve intensive care unit (ICU) beds, potentially incorporating upgrades in features, functionality, or capabilities. Notably, in March 2023, Stryker, a leading US-based medical device company, unveiled SmartMedic, India’s first ICU bed upgrade platform aimed at elevating patient care and ensuring caregiver safety. SmartMedic serves as a patient care platform that enhances the existing capabilities of ICU beds in hospitals. This innovative solution is designed to manage changes in patient weight, monitor patient turns from nurse stations, and facilitate the performance of X-rays on patients within the ICU without the need for relocation. The primary objective of SmartMedic is to minimize patient discomfort while delivering enhanced care.

Major players in the hospital bed market are also adopting a strategic collaboration approach to fortify their market presence and introduce innovative solutions to meet customer needs. Strategic collaborations involve purposeful and planned partnerships or alliances between entities, such as organizations, companies, or institutions, with the goal of achieving common objectives, leveraging respective strengths, sharing resources, and creating mutual benefits aligned with long-term strategies and objectives. For example, in August 2023, Pardo, a prominent US-based international manufacturer of hospital beds, collaborated with CIRCE, a Spain-based modern business estate with cutting-edge technology. Together, they developed a groundbreaking hospital bed model, the New Care V3 ACT, which achieves a total life cycle carbon dioxide reduction of 240 kg CO2eq. This reduction is equivalent to 5% of the annual emissions of an average Spaniard. The New Care V3 ACT hospital bed has become the reference model for their efforts in creating new ecodesign processes, resulting in a model that significantly lowers the carbon footprint of the bed throughout its entire life cycle. This reduction is comparable to 5% of the average annual emissions of a Spanish individual.

In February 2024, Joerns Healthcare, a US-based medical equipment provider, formed a partnership with MasVida Healthcare Solutions LLC. This collaboration enables MasVida Healthcare Solutions LLC to source and support the same Joerns equipment platform, ensuring long-term rental access to the brand and essential products valued by long-term care providers. MasVida Healthcare Solutions LLC specializes in providing durable medical equipment (DME) rentals and oxygen tank services in the US.

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 Healthcare 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 Healthcare, Novak M d.o.o., Besco Medical Co. Ltd, Gendron Inc., Royax SRO., Getinge AB.

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. The countries covered in the hospital beds market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Italy, Spain, Canada.

Hospital beds represent specialized beds specifically designed for utilization within healthcare facilities, such as hospitals or clinics, catering to patients in post-operative recovery, undergoing medical treatments, or managing chronic conditions. These beds prioritize comfort and safety for patients in medical care settings.

Primary variants of hospital beds include semi-electric beds, electric beds, and manual beds. Semi-electric beds combine both manual and electric functionalities, offering adjustability and convenience for both patients and healthcare providers. These beds find applications across acute care, long-term care, psychiatric care, and other medical services, catering to both non-intensive care and intensive care requirements. These beds are commonly utilized in hospitals, clinics, ambulatory services, and similar healthcare facilities.

The hospital beds research report is one of a series of new reports that provides hospital beds market statistics, including the hospital beds industry's global market size, regional shares, competitors with hospital beds market share, detailed hospital beds market segments, market trends and opportunities, and any further data you may need to thrive in the hospital beds industry. This hospital beds market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.

The hospital beds market consists of sales of orthopedic beds, pediatric beds, examination room beds, rehabilitation beds, and medical trolleys. Values in this market are ‘factory gate’ values, that is, the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

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