Hospital Bed Market by Type, Usage, End User

List of Tables

[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.

KEY MARKET STATISTICS
Base Year [2023]	USD 4.43 billion
Estimated Year [2024]	USD 4.77 billion
Forecast Year [2030]	USD 7.55 billion
CAGR (%)	7.90%

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

The report offers valuable insights on the following aspects:

1. Market Penetration: It presents comprehensive information on the market provided by key players.

2. Market Development: It delves deep into lucrative emerging markets and analyzes the penetration across mature market segments.

3. Market Diversification: It provides detailed information on new product launches, untapped geographic regions, recent developments, and investments.

4. 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.

5. Product Development & Innovation: It offers intelligent insights on future technologies, R&D activities, and breakthrough product developments.

The report addresses key questions such as:

1. What is the market size and forecast of the Hospital Bed Market?

2. Which products, segments, applications, and areas should one consider investing in over the forecast period in the Hospital Bed Market?

3. What are the technology trends and regulatory frameworks in the Hospital Bed Market?

4. What is the market share of the leading vendors in the Hospital Bed Market?

5. Which modes and strategic moves are suitable for entering the Hospital Bed Market?

Product Code: MRR-43127F7278AE

1. Preface

1.1. Objectives of the Study
1.2. Market Segmentation & Coverage
1.3. Years Considered for the Study
1.4. Currency & Pricing
1.5. Language
1.6. Stakeholders

2. Research Methodology

2.1. Define: Research Objective
2.2. Determine: Research Design
2.3. Prepare: Research Instrument
2.4. Collect: Data Source
2.5. Analyze: Data Interpretation
2.6. Formulate: Data Verification
2.7. Publish: Research Report
2.8. Repeat: Report Update

3. Executive Summary

4. Market Overview

5. Market Insights

5.1. Market Dynamics
- 5.1.1. Drivers
  - 5.1.1.1. Increasing prevalence of chronic and infectious diseases
  - 5.1.1.2. Government support to improve and expand healthcare infrastructure
- 5.1.2. Restraints
  - 5.1.2.1. High costs associated with advanced hospital beds
- 5.1.3. Opportunities
  - 5.1.3.1. Integration of smart technologies in hospital beds
  - 5.1.3.2. Growing trend of home and remote patient care
- 5.1.4. Challenges
  - 5.1.4.1. Concerns over product recall incidences
5.2. Market Segmentation Analysis
- 5.2.1. Type: Growing adoption of electric beds to enhance patient care
- 5.2.2. End User: Higher requirements of hospital beds in hospitals with heavy patient flow
5.3. Market Disruption Analysis
5.4. Porter's Five Forces Analysis
- 5.4.1. Threat of New Entrants
- 5.4.2. Threat of Substitutes
- 5.4.3. Bargaining Power of Customers
- 5.4.4. Bargaining Power of Suppliers
- 5.4.5. Industry Rivalry
5.5. Value Chain & Critical Path Analysis
5.6. Pricing Analysis
5.7. Technology Analysis
5.8. Patent Analysis
5.9. Trade Analysis
5.10. Regulatory Framework Analysis

6. Hospital Bed Market, by Type

6.1. Introduction
6.2. Electric Bed
6.3. Manual Bed
6.4. Semi-Electric Bed

7. Hospital Bed Market, by Usage

7.1. Introduction
7.2. Bariatric Bed
7.3. Birthing Bed
7.4. General Bed
7.5. Pediatric Bed

8. Hospital Bed Market, by End User

8.1. Introduction
8.2. Elderly Care Facility
8.3. Home Care Setting
8.4. Hospital

9. Americas Hospital Bed Market

9.1. Introduction
9.2. Argentina
9.3. Brazil
9.4. Canada
9.5. Mexico
9.6. United States

10. Asia-Pacific Hospital Bed Market

10.1. Introduction
10.2. Australia
10.3. China
10.4. India
10.5. Indonesia
10.6. Japan
10.7. Malaysia
10.8. Philippines
10.9. Singapore
10.10. South Korea
10.11. Taiwan
10.12. Thailand
10.13. Vietnam

11. Europe, Middle East & Africa Hospital Bed Market

11.1. Introduction
11.2. Denmark
11.3. Egypt
11.4. Finland
11.5. France
11.6. Germany
11.7. Israel
11.8. Italy
11.9. Netherlands
11.10. Nigeria
11.11. Norway
11.12. Poland
11.13. Qatar
11.14. Russia
11.15. Saudi Arabia
11.16. South Africa
11.17. Spain
11.18. Sweden
11.19. Switzerland
11.20. Turkey
11.21. United Arab Emirates
11.22. United Kingdom

12. Competitive Landscape

12.1. Market Share Analysis, 2023
12.2. FPNV Positioning Matrix, 2023
12.3. Competitive Scenario Analysis
- 12.3.1. Baxter Launches Progressa+ Next Gen ICU Bed to Help Address Complex Critical Care Needs
- 12.3.2. Stryker launches SmartMedic, India's first ICU bed upgrade platform to enhance patient care and caregiver safety
12.4. Strategy Analysis & Recommendation

13. Competitive Portfolio

13.1. Key Company Profiles
13.2. Key Product Portfolio