Hospital Beds - Market Insights, Competitive Landscape, and Market Forecast - 2030

The hospital beds market is estimated to grow at a CAGR of 5.8% during the forecast period from 2024 to 2030.

The escalating demand for hospital beds can be attributed to multiple significant factors. Firstly, there's a notable uptick in surgical procedures and accidents, necessitating the availability of adequate beds for patient care and recovery. Secondly, the aging population worldwide requires more healthcare services, including long-term care and rehabilitation, which further fuels market expansion. Concurrently, the growing prevalence of acute and chronic diseases is placing a greater strain on healthcare facilities, driving the need for additional bed capacity to accommodate patients requiring treatment and monitoring. Furthermore, the healthcare sector is witnessing a surge in product launches, introducing innovative bed designs and features that enhance patient comfort and facilitate better care delivery. The rise in healthcare infrastructure investments, particularly in emerging economies, also plays a crucial role, as it leads to the establishment of new hospitals and the expansion of existing facilities. This convergence of factors underscores the increasing demand for hospital beds during the forecast period of 2024 to 2030.

Hospital Beds Market Dynamics:

According to data provided by the International Society of Aesthetic Plastic Surgery (2023) indicates a significant uptick in surgical procedures globally in 2022, totaling over 14.9 million. Notably, liposuction retained its status as the most prevalent surgical procedure, with over 2.3 million surgeries performed, showcasing a substantial 21.1% increase from the previous year. Among the top five procedures in 2022 were liposuction, breast augmentation, eyelid surgery, abdominoplasty (commonly known as a "tummy tuck"), and breast reduction. This surge in surgical activities has manifold implications for hospital bed demand. With more surgeries being performed, there is a heightened need for post-operative care, resulting in increased occupancy rates in hospitals and specialized units. As surgical activities continue to expand, hospitals may find themselves in need of additional beds specifically designed for post-operative recovery and monitoring, thereby further stimulating growth in the hospital bed market.

Additionally, as per the data of the World Health Organization's 2023 report, the data for 2021 revealed a staggering 20 to 50 million non-fatal injuries globally annually resulting from road traffic accidents. These incidents have a profound impact on the demand for hospital beds, primarily due to the surge of patients requiring medical attention and the subsequent prolongation of hospital stays during recovery. Accidents often trigger a sudden influx of emergency admissions, intensifying the urgency for immediate medical intervention and extending the duration of hospitalization. Consequently, the heightened demand for hospital beds arises from the imperative need to accommodate the increasing number of injured individuals, many of whom require extensive periods of recuperation or specialized treatment.

Another significant contributor to the expansion of the hospital beds market is the increasing trend of product launches within the healthcare industry. This growth driver is characterized by the introduction of new and innovative bed designs, features, and technologies aimed at enhancing patient comfort, and safety. For example, in June 2023, Baxter, a leading innovator in connected beds for medical-surgical and intensive care unit (ICU) settings announced the launch of its new Hillrom Progressa+ bed in the United States.

Additionally, Accidents and complex surgeries boost demand for intensive care unit (ICU) beds, as they often require immediate and specialized care. This need for critical care leads hospitals to expand ICU capacity. Thus, the demand for hospital beds is likely to increase which is expected to propel the growth of the overall hospital beds market during the forecast period from 2024 to 2030.

However, the cost of hospital beds and limited access in developing regions may restrict the growth of the overall hospital beds market.

Hospital Beds Market Segment Analysis:

Hospital Beds Market by Technology (Electric Beds, Semi-Electric Beds, Manual Beds, and Others), Bed Type (Regular Beds, Pediatric Beds, Respiratory Beds, ICU Beds, and Others), End-User (Hospitals, Ambulatory Surgical Centers, Specialty Clinics, and Others), and Geography (North America, Europe, Asia-Pacific, and Rest of the World)

In the technology segment of the overall hospital beds market, the electric hospital bed category is expected to hold the largest share in the year 2023. The biggest portion of this market segment is driven by higher demand for electric beds, mainly because they're heavily needed across various medical specialties. Electric beds offer numerous advantages in healthcare settings and home care. Their primary benefit is the ease of adjustment, allowing users to modify the bed's position at the touch of a button. This flexibility enhances patient comfort, as it lets them find the most comfortable position for sleeping, sitting, or undergoing medical procedures. For caregivers and healthcare providers, electric beds reduce the physical effort required to adjust beds manually, lowering the risk of injuries. Electric beds improve accessibility and mobility by allowing patients to get in and out of bed more easily, promoting independence. This feature is especially useful for patients with limited mobility or those undergoing rehabilitation. These benefits make electric beds a valuable addition to hospitals, long-term care facilities, and home care environments, streamlining workflows for healthcare providers while enhancing patient safety and comfort. This can be attributed to the wide applications and advantages of the hospital beds market during the given forecast period.

The growth of hospital beds is also driven by the introduction of new bed models with enhanced features and functionalities. For example - in February 2021, Stryker launched a new electric hospital bed in Europe, the Middle East, and Africa (EMEA) called ProCuity. This bed is entirely wireless, aimed at reducing patient falls within hospitals at all levels of care while also enhancing nurse workflow and safety.

Therefore, owing to the aforementioned advantages of electric hospital beds are expected to drive the demand for electrical hospital beds, thereby propelling the overall market for hospital beds during the forecast period from 2024-2030

North America Is Expected To Dominate The Overall Hospital Beds Market:

Among all the regions, North America is expected to hold the largest share of the global hospital beds market in 2023. Several factors contribute to the growth of the hospital beds market in North America. One significant driver is the rising prevalence of both acute and chronic diseases in the region, which necessitates a greater demand for hospital beds to accommodate patients requiring medical care. Additionally, the increasing number of surgical procedures such as cesarean sections, as these procedures often require specialized beds for maternal and neonatal care. Furthermore, the presence of key players in the healthcare industry and the continuous stream of product development activities, including new launches and regulatory approvals, also contribute to the market's growth. These factors collectively fuel the expansion of the hospital beds market in North America, ensuring that healthcare facilities can meet the evolving needs of patients and medical professionals.

According to data from the March of Dimes Perinatal Data Center in 2024 highlighted that cesarean deliveries accounted for 2.1% of all live births in the United States in 2022. Among these deliveries, primary cesarean sections occurred at a rate of 22.5 out of every 100 live births, while vaginal births after cesarean (VBAC) were observed at a rate of 14.6 out of every 100 live births. Cesarean sections, commonly known as C-sections, play a significant role in driving demand within the hospital bed market. This is primarily due to the fact that C-sections often result in longer hospital stays and necessitate specialized care for mothers in recovery. Consequently, mothers undergoing C-sections typically require extended hospitalization, leading to an increased need for hospital beds, particularly in maternity and obstetric units. To meet the demand for post-operative care, hospitals must maintain a higher capacity of hospital beds to adequately accommodate these patients during their recovery period.

According to the American Cancer Society's Cancer Facts and Figures 2024 report, approximately 2 million new cancer cases are expected to be diagnosed in 2024 in the United States alone. Among these, prostate cancer is estimated at 299,010 cases, followed by lung cancer at 234,580 cases, and female breast cancer at 310,720 cases. The rising incidence of cancer fuels demand for surgical oncology procedures such as tumor resections, biopsies, and reconstructive surgeries. Lifestyle factors such as smoking, obesity, alcohol consumption, and poor dietary habits contribute to the increased risk of cancer. It is estimated that 41 out of every 100 men and 39 out of every 100 women in the U.S. will be diagnosed with cancer at some point in their lives.

Further, the prevalence of cancer has a profound impact on the demand for hospital beds, affecting various aspects of patient care. Patients diagnosed with cancer often require multiple hospital admissions for various stages of diagnosis, treatment, surgery, and ongoing care. This results in a considerable demand for hospital beds, particularly in specialized units such as oncology and surgical wards. Additionally, treatments like chemotherapy, radiation therapy, and immunotherapy often necessitate prolonged hospital stays, further driving the need for beds.

Furthermore, the growth of the hospital beds market in North America is boosted by the strong presence of key industry players such as Stryker and Baxter, among others. These established market leaders, along with various other contributing factors, play a pivotal role in driving market expansion across the region. Additionally, increasing in the number of healthcare facilities in the region, and evolving healthcare infrastructure further contribute to the overall growth trajectory of the hospital beds market in North America.

Therefore, the interplay of all the aforementioned factors, among others is expected to boost the growth of the hospital beds market in the North American region during the forecast period from 2024 to 2030.

Hospital Beds Market Key Players:

Some of the key market players operating in the hospital beds market include Stryker, Baxter, Medline Industries, LP., LINET, Savion, PARAMOUNT BED CO., Invacare Corporation, Getinge, GF Health Products, Narang Medical Limited, Arjo, Joerns Healthcare, Favero Health Projects Spa, PROMA REHA, MERIVAARA CORP., HLS Healthcare, MAK Technologies, DeVilbiss International, Malvestio Spa, Savaria, and others.

Recent Developmental Activities In The Hospital Beds Market:

• In February 2023, Stryker, a top medical technology company, unveiled its SmartMedic platform during the 29th Annual Conference of the Indian Society of Critical Care Medicine in Indore. SmartMedic is a patient care platform that enhances existing ICU bed capabilities at hospitals.
• In December 2021, Baxter completed its acquisition of Hillrom, the merger brings together two leading medical technology companies with a common goal of revolutionizing healthcare and improving patient care globally.

Key Takeaways From The Hospital Beds Market Report Study

• Market size analysis for current hospital beds market size (2023), and market forecast for 6 years (2024 to 2030)
• Top key product/services/technology developments, mergers, acquisitions, partnerships, and joint ventures happened for the last 3 years
• Key companies dominating the global hospital beds market.
• Various opportunities available for the other competitor in the hospital beds market space.
• What are the top-performing segments in 2023? How these segments will perform in 2030?
• Which are the top-performing regions and countries in the current hospital beds market scenario?
• Which are the regions and countries where companies should have concentrated on opportunities for hospital beds market growth in the coming future?

Target Audience Who Can Be Benefited From This Hospital Beds Market Report Study

• Hospital beds market product providers
• Research organizations and consulting companies
• Hospital Beds related organizations, associations, forums, and other alliances
• Government and corporate offices
• Start-up companies, venture capitalists, and private equity firms
• Distributors and traders dealing in hospital beds
• Various end-users who want to know more about the hospital beds market and the latest technological developments in the hospital beds market.

Frequently Asked Questions For The Hospital Beds Market:

1. What are hospital beds?

Hospital beds are specialized beds designed for use in hospitals and healthcare settings to provide comfort, safety, and functionality for patients and healthcare providers

2. What is the market for global hospital beds market?

The hospital beds market is estimated to grow at a CAGR of 5.8% during the forecast period from 2024 to 2030.

3. What are the drivers for the global hospital beds market?

The escalating demand for hospital beds can be attributed to multiple significant factors. Firstly, there's a notable uptick in surgical procedures and accidents, necessitating the availability of adequate beds for patient care and recovery. Secondly, the aging population worldwide requires more healthcare services, including long-term care and rehabilitation, which further fuels market expansion. Concurrently, the growing prevalence of acute and chronic diseases is placing a greater strain on healthcare facilities, driving the need for additional bed capacity to accommodate patients requiring treatment and monitoring. Furthermore, the healthcare sector is witnessing a surge in product launches, introducing innovative bed designs and features that enhance patient comfort and facilitate better care delivery. The rise in healthcare infrastructure investments, particularly in emerging economies, also plays a crucial role, as it leads to the establishment of new hospitals and the expansion of existing facilities. This convergence of factors underscores the increasing demand for hospital beds during the forecast period of 2024 to 2030.

4. Who are the key players operating in the global hospital beds market?

Some of the key market players operating in the HOSPITAL BEDS Market include Stryker, Baxter, Medline Industries, LP., LINET, Savion, PARAMOUNT BED CO., Invacare Corporation, Getinge, GF Health Products, Narang Medical Limited, Arjo, Joerns Healthcare, Favero Health Projects Spa, PROMA REHA, MERIVAARA CORP., HLS Healthcare, MAK Technologies, DeVilbiss International, Malvestio Spa, Savaria, and others.

5. Which region has the highest share of the hospital beds market?

North America is expected to dominate the overall hospital beds market during the forecast period from 2024 to 2030. Several factors contribute to the growth of the hospital beds market in North America. One significant driver is the rising prevalence of both acute and chronic diseases in the region, which necessitates a greater demand for hospital beds to accommodate patients requiring medical care. Additionally, the increasing incidence of cesarean sections further drives this demand, as these procedures often require specialized beds for maternal and neonatal care. Furthermore, the presence of key players in the healthcare industry and the continuous stream of product development activities, including new launches and regulatory approvals, also contribute to the market's growth. These factors collectively fuel the expansion of the hospital beds market in North America, ensuring that healthcare facilities can meet the evolving needs of patients and medical professionals.


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