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Hospital Beds Market Share, Size, Trends | Forecast 2023-28

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IMARC Group, a leading market research company, has recently releases report titled “Hospital Beds Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028” The study provides a detailed analysis of the industry, including the global hospital beds market share, size, trends, and growth forecasts. The report also includes competitor and regional analysis and highlights the latest advancements in the market.

Report Highlights

How big is the hospital beds market?

The global hospital beds market size reached US$ 3.7 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 4.6 Billion by 2028, exhibiting a growth rate (CAGR) of 3.7% during 2023-2028.

What are hospital beds?

Hospital beds are crucial components that are considered indispensable inventory in a hospital. Hospitals worldwide are required to maintain a sufficient reserve of beds for patients in case of a mass calamity, natural disaster, or pandemic. The beds are packed with additional facilities that supplement the patient’s relief during operations and period of recovery, and secure them from external damage. They also have electronic buttons to operate in case of emergency with changeable height settings and inclination or recline as per comfort and condition, which provide convenience to the caretaker.

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What are the growth prospects and trends in the hospital beds industry?

The global hospital beds market is primarily driven by the unprecedented demand for advanced healthcare services and infrastructure due to the rapid outbreak of the coronavirus disease (COVID-19) pandemic. Besides this, the rising prevalence of chronic diseases such as cancer, cardiovascular diseases (CVDs), and other life-threatening ailments, especially among the growing geriatric population, is also providing a positive impact to the market. Governments of various countries are also extensively investing in the development of healthcare infrastructure by enhancing the ambulatory systems and hospitals. They are also facilitating better insurance coverage in case of medical emergencies. Furthermore, the increasing adoption of highly-equipped hospital beds that are integrated with the internet of things (IoT) and power mattresses is further driving the market growth.

What is included in market segmentation?

The report has segmented the market into the following categories:

Breakup by Technology:

  • Electric Beds
  • Semi-Electric Beds
  • Manual Beds

Breakup by Bed Type:

  • Regular Beds
  • Pediatrics Bed
  • Respiratory Beds
  • ICU Beds
  • Bariatric Beds
  • Birthing Beds
  • Pressure Relief Beds
  • Others

Breakup by Usage:

  • Critical Care
  • Acute Care
  • Long-Term Care

Breakup by End User:

  • Hospitals and Clinics
  • Ambulatory Surgery Centers (ASCs)
  • Others

Breakup by Region:

  • North America (U.S. & Canada)
  • Europe (Germany, United Kingdom, France, Italy, Spain, Russia, and Others)
  • Asia Pacific (China, India, Japan, South Korea, Indonesia, Australia, and Others)
  • Latin America (Brazil, Mexico)
  • Middle East & Africa

Who are the key players operating in the industry?

The report covers the major market players including:

  • 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.

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