[199 Pages Report] The Hospital Bed Market size was estimated at USD 4.43 billion in 2023 and expected to reach USD 4.77 billion in 2024, at a CAGR 7.90% to reach USD 7.55 billion by 2030.
A hospital bed is used for patients during healthcare treatments, recovery, therapy, or other medical and nursing care. Hospital beds are equipped with features that can increase the comfort and well-being of the patient while providing convenience for healthcare staff. These features often include adjustability in terms of height, head and foot sections, wheels for easy mobility, side rails for patient safety, and the capability to attach medical equipment such as IV stands and oxygen tanks. Hospital beds are a critical component in ensuring effective patient care in various settings, ranging from hospitals and nursing homes to private residences where patients require in-home care. An aging global population and rising prevalence of chronic diseases, which necessitate long-term care and hospitalization, have raised the need for hospital beds. Advances in healthcare infrastructure across developing nations and growing investments in medical facilities are further propelling the adoption of hospital beds. However, the high cost associated with advanced hospital beds poses a significant challenge, limiting their adoption, particularly in low- and middle-income regions. Despite these challenges, the growing trend towards home healthcare services offers lucrative opportunities for hospital bed businesses.
Type: Growing adoption of electric beds to enhance patient care
Electric beds are equipped with motors and a control panel to adjust the height and position of the bed electronically. This type enables patients and healthcare providers to easily adjust the bed to various positions, enhancing comfort, mobility, and accessibility. These beds are often used in settings where patients require frequent adjustments and have limited mobility. Manual beds are adjusted using hand cranks to raise or lower the bed’s height and to change the incline of the head and foot sections. These beds are typically more cost-effective and eliminate the need for electricity. Semi-electric beds combine the features of both electric and manual beds, offering a practical balance between functionality and cost. The head and foot positions can be adjusted using a motor, while the height adjustment is typically manual. This type of bed caters to the needs of patients requiring frequent changes in bed positioning without necessitating manual effort for all adjustments. Semi-electric beds are particularly beneficial in settings where height adjustment is needed less frequently, providing a compromise between the convenience of electric beds and the economic advantages of manual beds.
End User: Higher requirements of hospital beds in hospitals with heavy patient flow
In elderly care facilities, the adoption of hospital beds is driven by the need for beds that offer enhanced safety, comfort, and mobility for the elderly. These establishments prioritize beds that are durable, easy to clean, and designed to reduce the risk of patient falls. The need for hospital beds in this segment is rapidly increasing, owing to the growing global elderly population and the increasing focus on providing high-quality care in such facilities. Within home care settings, the focus is on hospital beds that can easily be integrated into a home environment, offering comfort, functionality, and ease of care for family members or caregivers. Adjustable and user-friendly hospital beds with features such as side rails for safety are highly preferred in this segment. The increasing preference for aging in place and the rise in home health care services are factors fueling the need for hospital beds in this segment. Hospitals represent the largest end-user segment for hospital beds, necessitating a wide variety of beds to cater to different departments, such as ICU, general wards, and pediatric care. With the ongoing advancements in healthcare and the continuous growth in hospital infrastructure globally, the requirement for innovative and efficient hospital beds is on the rise.
Regional Insights
In the Americas, factors such as an aging population and increasing prevalence of chronic diseases are raising the need for hospital beds. Healthcare infrastructure developments and government and private sector investments in healthcare facilities have further propelled the adoption of hospital beds in the region. The well-established healthcare system, regulatory support for healthcare infrastructure, and high healthcare expenditure in Europe foster the adoption of hospital beds. Additionally, improvements in healthcare infrastructure and increasing investments in the healthcare sector of the Middle East and Africa generate a significant need for hospital beds. Economic development, increasing healthcare spending, and government initiatives aimed at improving healthcare infrastructure significantly contribute to the adoption of hospital beds in Asia-Pacific. Countries including China and India, with their large populations and increasing access to healthcare services, foster the need for hospital beds. Furthermore, the rising prevalence of chronic diseases, coupled with a growing focus on healthcare modernization, is raising the adoption of hospital beds in APAC.
FPNV Positioning Matrix
The FPNV Positioning Matrix is pivotal in evaluating the Hospital Bed Market. It offers a comprehensive assessment of vendors, examining key metrics related to Business Strategy and Product Satisfaction. This in-depth analysis empowers users to make well-informed decisions aligned with their requirements. Based on the evaluation, the vendors are then categorized into four distinct quadrants representing varying levels of success: Forefront (F), Pathfinder (P), Niche (N), or Vital (V).
Market Share Analysis
The Market Share Analysis is a comprehensive tool that provides an insightful and in-depth examination of the current state of vendors in the Hospital Bed Market. By meticulously comparing and analyzing vendor contributions in terms of overall revenue, customer base, and other key metrics, we can offer companies a greater understanding of their performance and the challenges they face when competing for market share. Additionally, this analysis provides valuable insights into the competitive nature of the sector, including factors such as accumulation, fragmentation dominance, and amalgamation traits observed over the base year period studied. With this expanded level of detail, vendors can make more informed decisions and devise effective strategies to gain a competitive edge in the market.
Key Company Profiles
The report delves into recent significant developments in the Hospital Bed Market, highlighting leading vendors and their innovative profiles. These include Advin Health Care, Amico Corporation, Anyang Top Medical Devices Co., Ltd., Drive DeVilbiss Healthcare, Gendron, Inc., Getinge AB, Graham-field Health Products, Inc., Hill-Rom Holdings, Inc. by Baxter International Inc., Invacare Corporation, Joerns Healthcare, LINET Group SE, Malvestio Spa, Medline Industries, LP, Merivaara Corporation by Lojer Group, Midmark Corporation, Narang Medical Ltd., Paramount Bed Holdings Co., Ltd., PROMA REHA, s. r. o., Shree Hospital Equipment, SonderCare, Span-America Medical Systems, Inc. by Savaria Corporation, Stiegelmeyer GmbH & Co. KG, Stryker Corporation, and Umano Medical Inc..
Market Segmentation & Coverage
This research report categorizes the Hospital Bed Market to forecast the revenues and analyze trends in each of the following sub-markets:
- Type
- Electric Bed
- Manual Bed
- Semi-Electric Bed
- Usage
- Bariatric Bed
- Birthing Bed
- General Bed
- Pediatric Bed
- End User
- Elderly Care Facility
- Home Care Setting
- Hospital
- Region
- Americas
- Argentina
- Brazil
- Canada
- Mexico
- United States
- California
- Florida
- Illinois
- New York
- Ohio
- Pennsylvania
- Texas
- Asia-Pacific
- Australia
- China
- India
- Indonesia
- Japan
- Malaysia
- Philippines
- Singapore
- South Korea
- Taiwan
- Thailand
- Vietnam
- Europe, Middle East & Africa
- Denmark
- Egypt
- Finland
- France
- Germany
- Israel
- Italy
- Netherlands
- Nigeria
- Norway
- Poland
- Qatar
- Russia
- Saudi Arabia
- South Africa
- Spain
- Sweden
- Switzerland
- Turkey
- United Arab Emirates
- United Kingdom
- Americas
The report offers valuable insights on the following aspects:
- Market Penetration: It presents comprehensive information on the market provided by key players.
- Market Development: It delves deep into lucrative emerging markets and analyzes the penetration across mature market segments.
- Market Diversification: It provides detailed information on new product launches, untapped geographic regions, recent developments, and investments.
- Competitive Assessment & Intelligence: It conducts an exhaustive assessment of market shares, strategies, products, certifications, regulatory approvals, patent landscape, and manufacturing capabilities of the leading players.
- Product Development & Innovation: It offers intelligent insights on future technologies, R&D activities, and breakthrough product developments.
The report addresses key questions such as:
- What is the market size and forecast of the Hospital Bed Market?
- Which products, segments, applications, and areas should one consider investing in over the forecast period in the Hospital Bed Market?
- What are the technology trends and regulatory frameworks in the Hospital Bed Market?
- What is the market share of the leading vendors in the Hospital Bed Market?
- Which modes and strategic moves are suitable for entering the Hospital Bed Market?
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