Who are the key players in Hospital Beds Market?

Stryker Corporation, Invacare Corporation, PARAMOUNT BED CO., LTD., Medline Industries, Inc. and Baxter International (Hillrom) are the major companies operating in the Hospital Beds Market. Read More

Which is the fastest growing region in Hospital Beds Market?

Asia Pacific is estimated to grow at the highest CAGR over the forecast period (2024-2029). Read More

Which region has the biggest share in Hospital Beds Market?

In 2024, the North America accounts for the largest market share in Hospital Beds Market. Read More

What years does this Hospital Beds Market cover, and what was the market size in 2023?

In 2023, the Hospital Beds Market size was estimated at USD 3.78 billion. The report covers the Hospital Beds Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Hospital Beds Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029. Read More

Hospital Beds Market Size

Market Size of Hospital Beds Industry

Study Period	2019 - 2029
Market Size (2024)	USD 4.02 Billion
Market Size (2029)	USD 5.36 Billion
CAGR (2024 - 2029)	5.91 %
Fastest Growing Market	Asia Pacific
Largest Market	North America
Major Players *Disclaimer: Major Players sorted in no particular order

Hospital Beds Market Analysis

The Medical Beds Market size is estimated at USD 4.02 billion in 2024, and is expected to reach USD 5.36 billion by 2029, growing at a CAGR of 5.91% during the forecast period (2024-2029).

The increasing geriatric population, coupled with the rising incidence of chronic diseases such as cancer, is leading to more hospitalizations. This trend is poised to propel market growth. Gallbladder cancer, often diagnosed only at an advanced stage, highlights the urgency. Early detection occurs in 20% of cases. For instance, the American Cancer Society reported in March 2024 that there were an estimated 12,350 new diagnoses of gallbladder cancer, with 5,900 cases in men and 6,450 in women. This significant cancer burden heightens hospitalization risks and amplifies the demand for medical beds, driving market expansion.

Hospital beds are pivotal in patient care and recovery, serving facilities from hospitals to long-term care centers. With the elderly population rising, there is an escalating demand for healthcare services and infrastructure tailored to their unique needs. This demographic shift poses challenges and opportunities for healthcare providers and hospital bed manufacturers. For instance, projections indicate that the American population aged 65 and older will rise from 58 million in 2022 to 82 million by 2050, a 47% increase. Consequently, their representation in the total population is set to climb from 17% to 23%. Thus, as the global geriatric population swells, so does the demand for hospital beds, especially for specialized care and long-term accommodations.

Technological advancements in medical beds, alongside a growing number of hospitals, are set to stimulate market growth further. For instance, in June 2022, the International Finance Corporation teamed up with Egyptians for Health Care Services (EHCS) to bolster the construction and operation of CapitalMed, a vast medical hub near Cairo, aiming to elevate Egypt's healthcare services. Such new medical establishments amplify the demand for medical beds, driving market growth.

However, challenges loom with the high costs of medical beds and a dwindling number of beds in public hospitals, potentially stunting market growth.

Hospital Beds Industry Segmentation

As per the scope of the report, medical beds are hospital equipment intended for bedridden patients or patients who need care. Medical beds allow better positioning of patients, ease the transfer, and prevent the risk of falling out of bed. The medical beds market is segmented by type, usage, application, end user, and geography. By type, the market is segmented into electric medical beds, semi-electric medical beds, and manual medical beds. By usage, the market is segmented into long-term care, acute care, maternity, and other usages. By application, the market is segmented into non-intensive care and intensive care. By end user, the market is segmented into hospitals, home care, and other end users. By geography, the market is segmented into North America, Europe, Asia-Pacific, the Middle East and Africa, and South America. For each segment, the market sizing and forecasts are made based on value (in USD).

By Type
		Electric Medical Beds
		Semi-electric Medical Beds
		Manual Medical Beds

By Usage
		Longterm Care
		Acute Care
		Maternity
		Other Usages

By Application
		Non-intensive Care
		Intensive Care

By End User
		Hospitals
		Homecare
		Other End Users

Geography

North America
	United States
	Canada
	Mexico

Europe
	Germany
	United Kingdom
	France
	Italy
	Spain
	Rest of Europe

Asia-Pacific
	China
	Japan
	India
	Australia
	South Korea
	Rest of Asia-Pacific

Middle East and Africa
	GCC
	South Africa
	Rest of Middle East and Africa

South America
	Brazil
	Argentina
	Rest of South America

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Hospital Beds Market Size Summary

The hospital beds market is poised for steady growth, driven by factors such as the increasing geriatric population and the rising prevalence of chronic diseases, which necessitate more hospitalizations. The COVID-19 pandemic significantly boosted the demand for medical beds, highlighting their essential role in patient care by providing comfort, safety, and infection control. As the pandemic's impact wanes, the demand for hospital beds is expected to stabilize. Technological advancements and the expansion of healthcare facilities, such as new medical hubs, are anticipated to further propel market growth. However, challenges such as the high cost of medical beds and a decrease in public hospital bed availability may impede progress.

North America is projected to hold a substantial share of the market, supported by a robust healthcare infrastructure and the presence of key industry players. The region's high burden of chronic diseases, particularly cancer, is expected to drive demand for hospital beds. Collaborations and acquisitions among market participants, such as Baxter International's acquisition of Hillrom, are likely to enhance product distribution and innovation. The market remains fragmented and competitive, with major players focusing on new product launches and geographical expansion to capture market share.

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Hospital Beds Market Size - Table of Contents

1. MARKET DYNAMICS
1. 1.1 Market Overview
2. 1.2 Market Drivers
  1. 1.2.1 Increasing Geriatric Population Coupled With Rising Prevalence of Chronic Diseases
  2. 1.2.2 Technological Advancements in Medical Beds
3. 1.3 Market Restraints
  1. 1.3.1 High Cost of Medical Beds
4. 1.4 Porter's Five Force Analysis
  1. 1.4.1 Threat of New Entrants
  2. 1.4.2 Bargaining Power of Buyers/Consumers
  3. 1.4.3 Bargaining Power of Suppliers
  4. 1.4.4 Threat of Substitute Products
  5. 1.4.5 Intensity of Competitive Rivalry
2. MARKET SEGMENTATION (Market Size by Value -USD)
1. 2.1 By Type
  1. 2.1.1 Electric Medical Beds
  2. 2.1.2 Semi-electric Medical Beds
  3. 2.1.3 Manual Medical Beds
2. 2.2 By Usage
  1. 2.2.1 Longterm Care
  2. 2.2.2 Acute Care
  3. 2.2.3 Maternity
  4. 2.2.4 Other Usages
3. 2.3 By Application
  1. 2.3.1 Non-intensive Care
  2. 2.3.2 Intensive Care
4. 2.4 By End User
  1. 2.4.1 Hospitals
  2. 2.4.2 Homecare
  3. 2.4.3 Other End Users
5. 2.5 Geography
  1. 2.5.1 North America
    1. 2.5.1.1 United States
    2. 2.5.1.2 Canada
    3. 2.5.1.3 Mexico
  2. 2.5.2 Europe
    1. 2.5.2.1 Germany
    2. 2.5.2.2 United Kingdom
    3. 2.5.2.3 France
    4. 2.5.2.4 Italy
    5. 2.5.2.5 Spain
    6. 2.5.2.6 Rest of Europe
  3. 2.5.3 Asia-Pacific
    1. 2.5.3.1 China
    2. 2.5.3.2 Japan
    3. 2.5.3.3 India
    4. 2.5.3.4 Australia
    5. 2.5.3.5 South Korea
    6. 2.5.3.6 Rest of Asia-Pacific
  4. 2.5.4 Middle East and Africa
    1. 2.5.4.1 GCC
    2. 2.5.4.2 South Africa
    3. 2.5.4.3 Rest of Middle East and Africa
  5. 2.5.5 South America
    1. 2.5.5.1 Brazil
    2. 2.5.5.2 Argentina
    3. 2.5.5.3 Rest of South America