Hospital Beds Market See Growth Accelerated by Rising Hospital Admissions

 Hospital beds are essential medical equipment used for treatment and recovery of patients in hospitals. They help patients to take rest and allow medical staff to provide necessary care. Hospital beds come equipped with adjustable positions, safety rails, and features that facilitate physiological and anatomical comfort.

The global Hospital Beds Market is estimated to be valued at US$ 4,151.9 Mn in 2023 and is expected to exhibit a CAGR of 6.3% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.

Market key trends:

The rising number of hospital admissions has been a key driver for the growth of the global hospital beds market over the forecast period. Rapid urbanization and growing chronic disease prevalence has increased the patient loads on hospitals worldwide. As per data by World Bank, the number of hospital admissions has increased from 3.2 per 100 people in 2010 to 3.6 per 100 people in 2020 globally. This has created growing demand for hospital beds from healthcare facilities looking to accommodate more patients. Manufacturers are focusing on developing technologically advanced beds with features such as adjustable positions, integrated scales, and automated controls to optimize patient care and comfort.
Segment Analysis

The global hospital beds market is dominated by the electric beds segment. Electric hospital beds are more comfortable for patients as they offer greater adjustability than manual beds. Features such as adjustable heights, positions in various degrees, integrated scales, and side rails make electric beds more ergonomic and user-friendly. Their ability to handle patients in varied postures safely and independently makes them a popular choice among healthcare facilities around the world.

Key Takeaways

The global hospital beds market is expected to witness high growth over the forecast period of 2023 to 2030. The market size is projected to increase from US$ 4,151.9 Mn in 2023 to US$ 6,962 Mn by 2030, registering a CAGR of 6.3%.

Regional analysis: North America currently dominates the global hospital beds market and is expected to continue its dominance through the forecast period. Growing geriatric population, increasing prevalence of chronic diseases, and advanced healthcare infrastructure in countries like the US and Canada are driving the demand for hospital beds. Asia Pacific is expected to witness the fastest growth supported by rising medical tourism, improving healthcare access and investments in major countries like China and India.

Key players: Key players operating in the hospital beds market are Stryker, Hill-Rom Holdings, Inc., Getinge AB, Invacare Corporation, Medline Industries, Inc., LINET., EarlySense, Max Healthcare, Eqova Healthcare, Compass Health Brands, Stiegelmeyer GmbH & Co. Kg, Antano Group S.R.L, Amico Corporation, and Midmark Corporation. Stryker and Hill-Rom Holdings currently lead the market with their wide product portfolios and global presence.

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