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 hospital/medical beds market is projected to reach $6.66 billion by 2030, at a CAGR of 6.4% from 2023 to 2030.
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Hospital/medical beds are used in hospitals and health clinics. These specialized beds offer relaxation and comfort to the patient, helping them to recover from illness or injury. Hospital/medical beds make it easier for the patient to partially recline and sit up, making caregivers' services easier, reducing injury, and helping in mobile monitoring, thus providing patients more freedom to move. Various hospital beds are adjustable and are available in different types depending on the severity of the patient's illness, weight, and mobility. For instance, electric beds provide more convenience to patients and health caregivers to adjust or raise the foot and head sections and height of the bed frame with a push of a button. Thus, powered beds are beneficial to many users and come with multiple configurations like head and foot adjustability, reverse turn, hi-low etc.
The hospital/medical beds market is segmented by Product (Beds, Accessories), Technology (Powered Beds [Electric Beds, Semi-electric 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 study also evaluates industry competitors and analyzes their market shares at the global and regional levels.
Based on product, in 2023, the beds segment is expected to account for the largest share of this market. Expansion of hospitals, government investments for improving the quality of healthcare, increased geriatric population, and high preference for long-term care owing to the rise in chronic diseases are the factors contributing to the large market share of this segment.
Based on technology, in 2023, the powered beds segment is expected to account for the largest share of the market. The large market share of this segment is attributed to the advantages of powered beds, including easy patient movement, patient comfort and position movements, mobile patient monitoring, and fall detection capability.
Based on type of care, in 2023, the curative care segment is expected to account for the largest share of the market. The key factor contributing to market growth is the use of hospital/medical beds for curative treatment for various chronic and acute diseases, the rising geriatric population, and high incidences of physical injuries.
Based on healthcare facility, in 2023, the critical care unit segment is expected to account for the largest share of the market. The large market share of this segment is attributed to the high prevalence of chronic diseases and fatal injuries leading to high admissions in ICUs and CCUs.
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Based on geography, the hospital/medical beds market is segmented into five major regions: North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa, with a further analysis of major countries in these regions. In 2022, Europe accounted for the largest share of the hospital/medical beds market, followed by North America, Asia-Pacific, Latin America, and the Middle East & Africa. Government initiatives for improving healthcare services, especially post the COVID-19 pandemic, the high burden of the aging population, collaborations among hospitals to enhance care efficiency, and a strong healthcare system with well-qualified medical teams are some of the factors supporting the large market share of Europe.
The key players dominating this market are 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), and Malvestio Spa (A Subsidiary of Malvestio Group) (Italy).
Scope of the Report:
Hospital Beds Market, by Product
• Beds
• Accessories
Hospital Beds Market, by Technology
• Powered Beds
• Electric Beds
• Semi-electric Beds
• Manual Beds
• Smart Beds
Hospital Beds Market, by Type of Care
• Curative Care
• Long-term Care
• Rehabilitative Care
Hospital Beds Market, by Healthcare Facility
• Critical Care Unit
• Bariatric Care Unit
• Long-term Care Unit
• Homecare Settings
• Med-ssurg Care Unit
• Pediatric Care Unit
• Maternal Care Unit
Hospital Beds Market, by Geography
• North America
• U.S.
• Canada
• Europe
• Germany
• France
• U.K.
• Italy
• Spain
• Rest of Europe (RoE)
• Asia-Pacific
• China
• Japan
• India
• Rest of Asia Pacific (RoAPAC)
• Latin America
• Brazil
• Mexico
• Argentina
• Rest of Latin America (RoLATAM)
• Middle East & Africa
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