IMARC Group’s report titled “Hospital Beds Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2024-2032”, offers a comprehensive analysis of the industry, which comprises insights on the global hospital beds market growth. The global market size reached US$ 3.8 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 5.2 Billion by 2032, exhibiting a growth rate (CAGR) of 3.42% during 2024-2032.
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Factors Affecting the Growth of the Hospital Beds Industry:
- Increasing Incidences of Chronic Diseases:
The rising prevalence of various chronic diseases like cardiovascular diseases, cancer, and diabetes among the masses around the world is catalyzing the demand for hospital beds. These conditions require prolonged hospitalization and specialized care, necessitating the availability of suitable beds equipped with features to support patient comfort and treatment needs. Apart from this, healthcare providers are seeking to enhance their capabilities in managing chronic conditions and improving patient outcomes through efficient and comfortable hospital bed solutions, which is bolstering the market growth.
- Technological Advancements:
Technological innovations benefit in the development of advanced bed designs and features, which is impelling the market growth. Modern hospital beds incorporate advanced technologies, such as electronic controls, remote monitoring systems, and integrated patient data management capabilities. These innovations not only improve patient comfort and safety but also enhance the ability of healthcare professionals to monitor and administer care effectively. Features like adjustable positioning, automated patient turning, and pressure relief mechanisms contribute to improved patient outcomes and reduced caregiver strain.
- Rising Geriatric Population:
The escalating demand for hospital beds due to the increasing geriatric population across the globe is propelling the growth of the market. Older individuals are more prone to developing health issues that generally require hospitalization and long-term care. The rising adoption of hospital beds, particularly those designed to meet the specific needs of elderly patients, such as adjustable beds and beds with pressure-relief mattresses, is bolstering the market growth. Healthcare providers are focusing on expanding their bed capacity to accommodate the growing number of elderly patients. Moreover, there is an increase in the need for hospital beds equipped with advanced monitoring and support features to ensure optimal care delivery.
Leading Companies Operating in the Global Hospital Beds Industry:
- GF Health Products Inc.
- Getinge AB
- Hill-Rom Holdings Inc.
- Invacare Corporation
- Malvestio S.P.A.
- Stryker Corporation
- Paramount Bed Holdings Co. Ltd.
- Savion Industries
- Span-America Medical Systems Inc. (Savaria Corporation)
- Stiegelmeyer GmbH & Co. KG.
Hospital Beds Market Report Segmentation:
By Technology:
- Electric Beds
- Semi-Electric Beds
- Manual Beds
Manual beds represent the largest segment as they are a cost-effective solution for healthcare settings.
By Bed Type:
- Regular Beds
- Pediatrics Bed
- Respiratory Beds
- ICU Beds
- Bariatric Beds
- Birthing Beds
- Pressure Relief Beds
- Others
On the basis of the bed type, the market has been divided into regular beds, pediatrics bed, respiratory beds, ICU beds, bariatric beds, birthing beds, pressure relief beds, and others.
By Usage:
- Critical Care
- Acute Care
- Long-Term Care
Acute care accounts for the largest market share due to the rising cases of injuries.
By End User:
- Hospitals and Clinics
- Ambulatory Surgery Centers (ASCs)
- Others
Hospitals and clinics hold the biggest market share on account of the increasing need for various types of hospital beds in institutions to cater to different patient needs.
Regional Insights:
- North America: (United States, Canada)
- Asia Pacific: (China, Japan, India, South Korea, Australia, Indonesia, Others)
- Europe: (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
- Latin America: (Brazil, Mexico, Others)
- Middle East and Africa
North America enjoys a leading position in the hospital beds market, which can be attributed to the presence of key manufacturers.
Global Hospital Beds Market Trends:
The escalating demand for hospital beds due to the rising healthcare expenditure worldwide is bolstering the market growth. Governing agencies of numerous countries are allocating resources to improve healthcare systems, including upgrading hospital facilities and equipment, which is impelling the market growth. These initiatives assist in improving patient access to quality care. Additionally, advanced hospital bed solutions enhance patient comfort, safety, and treatment outcomes.
Apart from this, the growing adoption of modern hospital beds equipped with features, such as pressure relief mattresses and siderails to prevent falls, on account of the increasing focus on patient safety and comfort, is positively influencing the market.
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