Hospital Beds Market to Reach $7.09 Billion by 2031

 

Meticulous Research®—a leading global market research company, published a research report titled ‘​​​​​​​Hospital Beds Market—Global Opportunity Analysis & Industry Forecast to 2031.’ According to this latest publication from Meticulous Research®, the Hospital Beds Market is expected to reach $7.09 billion by 2031, at a CAGR of 6.4% from 2024 to 2031.

The increase in the elderly population and the subsequent rise in the prevalence of chronic diseases, the proliferation of hospitals, the increasing number of surgeries performed globally, and technological advancements in hospital beds are driving the growth of the hospital beds market. However, the growing preference for minimally invasive and outpatient surgeries, which reduce the need for traditional hospital beds, restrain the growth of this market.

The increasing popularity of smart beds and robotic beds, the rising demand for home care solutions, rising healthcare expenditures in developing economies, and the rise in medical tourism are anticipated to create opportunities for market players.

Furthermore, the adoption of automated beds aimed at improving diagnostic accuracy, a rising demand for nurse call systems integrated into hospital beds, and the increasing need for beds designed to facilitate infection control are prominent trends in the hospital beds market.

Key Players:

The hospital beds market is characterized by a moderately competitive scenario due to the presence of many large- and small-sized global, regional, and local players. The key players operating in the hospital beds market are Stryker Corporation (U.S.), Hill-Rom Holding, Inc. (Part of Baxter International Inc.) (U.S.), Invacare Corporation (U.S.), Getinge AB (Sweden), Paramount Bed Holdings Co., Ltd. (Japan), Medline Industries, LP (U.S.), Stiegelmeyer GmbH & Co. KG (Germany), LINET Group SE (Czech Republic), Joerns Healthcare LLC. (U.S.), Drive DeVilbiss Healthcare (U.S.), Savaria Corporation (Canada), Midmark Corporation (U.S.), Amico Corporation (U.S.), Famed Zywiec Sp. z o.o. (Poland), and Malvestio Spa (A Subsidiary of Malvestio Group) (Italy).

Among the types studied in this report, in 2024, the beds segment is anticipated to dominate the hospital beds market, with a share of 86.8%. This segment’s large market share is attributed to the rising prevalence of acute & chronic diseases, outbreaks of infectious diseases, an increasing number of hospitals, a growing demand for long-term care, and supportive government initiatives aimed at improving healthcare in emerging countries.

Among the types of care studied in this report, in 2024, the curative care segment is anticipated to dominate the hospital beds market, with a share of 75.8%. This segment’s large market share is attributed to an increase in hospitalization rates due to disease outbreaks, the high prevalence of infectious diseases, and a rising number of hospitalizations resulting from road accidents.

Among the healthcare facilities studied in this report, in 2024, the critical care units segment is expected to account for the largest share of the hospital beds market. This segment’s large market share is attributed to the increasing number of accidents leading to high admission rates in ICUs, outbreaks of infectious diseases, and the rising costs associated with critical care hospital beds.

Among the sectors studied in this report, in 2024, the public sector segment is anticipated to dominate the hospital beds market. This segment’s large market share is attributed to increasing government initiatives that promote large-scale investments in public health infrastructure, the proliferation of public hospitals, and a growing number of patient visits to these facilities due to lower costs compared to private hospitals.

Among the regions studied in this report, in 2024, Europe is anticipated to hold the largest share of 35.2% of the hospital beds market, followed by Asia-Pacific and Europe. Europe’s major market share is due to the substantial number of maternity hospitals, high healthcare spending, and government initiatives aimed at enhancing healthcare infrastructure.

Key Questions Answered in the Report-

  • What is the revenue generated from the hospital beds market globally?
  • At what rate is the demand for hospital beds projected to grow globally for the next five to seven years?
  • What are the historical market size and growth rate for the hospital beds market?
  • What are the major factors impacting the growth of this market?
  • What are the major opportunities for existing players and new entrants in the market?
  • Which offering, application, and end-user segments are expected to create major traction for the players in this market?
  • Who are the major players in the hospital beds market? What are their specific product offerings in this market?
  • What are the recent developments in the hospital beds market? What are the impacts of these strategic developments?

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