Hospital Beds Market Size to grow by USD 2313.5 million between 2024-2028
According to a research report “ Hospital Beds Market” by Product (Manual beds, Semi-automated beds, Automated beds) Application (Intensive care, Acute care, Home care) Geography (Europe, North America, Asia, Rest of World (ROW))- Global Forecast to 2028 published by Technavio, the market size is estimated to grow by USD 2313.5 million, at a CAGR of about 9.35% during the forecast period. The global health landscape is witnessing a significant rise in the prevalence of infectious diseases, such as tuberculosis (TB) and COVID-19, which is projected to surge the demand for hospital beds worldwide. According to the World Health Organization, approximately 10.4 million new TB cases and 1.7 million TB-related deaths are estimated to occur annually. In the US alone, the Centers for Disease Control and Prevention (CDC) reported 7,882 TB diagnoses in 2021. Furthermore, the CDC estimates that Salmonella infections result in approximately 1.35 million illnesses, 26,500 hospitalizations, and 420 deaths in the US yearly. The escalating incidence of infectious diseases can lead to severe illnesses and hospitalizations, thereby driving the demand for hospital beds during the forecast period.
Browse market data tables, figures, and in-depth TOC on “Hospital Beds Market” by Product (Manual beds, Semi-automated beds, Automated beds) Application (Intensive care, Acute care, Home care) Geography (Europe, North America, Asia, Rest of World (ROW)) Global Forecast to 2028. Download Free Sample
By Product, the Manual beds segment is projected to dominate the market size in 2024
The Hospital Beds market is experiencing significant growth due to the increasing demand for advanced healthcare solutions. Hospitals are investing in high-tech, adjustable beds to improve patient comfort and care. These beds offer features such as pressure relief, anti-decubitus, and adjustable angles, making them an essential part of modern healthcare infrastructure. The market is expected to continue expanding due to an aging population and rising healthcare expenditures.
By Application, Intensive care segment is expected to hold the largest market size for the year 2024
The Hospital Beds market is experiencing significant growth due to the increasing demand for advanced medical equipment in healthcare facilities. Hospitals are investing in high-tech beds that offer superior patient comfort and clinical functionality. These beds provide features such as adjustable heights, pressure relief, and advanced patient monitoring systems. The market is expected to expand further with the rising number of chronic diseases and an aging population.
Europe is forecasted to hold the largest market size by region in 2024
The Hospital Beds market represents a significant business opportunity, driven by the increasing global population and the rising number of chronic diseases. Hospitals continue to invest in advanced beds that offer superior patient comfort and clinical outcomes. Key trends include the growing adoption of electric and adjustable beds, as well as the integration of technology for remote monitoring and telehealth services. Market size is projected to expand at a steady CAGR through 2027.
The Hospital Beds Market growth and forecasting report also includes detailed analyses of the competitive landscape of the market growth and forecasting and information about 20 market companies, including:
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Research Analysis Overview
The Hospital Beds market encompasses a wide range of beds designed for various healthcare settings and patient populations, including those with cancer, acquired immunodeficiency syndrome (AIDS), chronic diseases, and noncommunicable diseases (NCDs). Electric hospital beds are popular for their adjustability and ease of use, making them suitable for acute care, long-term care, ICU beds, and psychiatric & bariatric care. Ambulatory care centers and home healthcare services also utilize hospital beds for older adults with chronic diseases, enabling them to receive care in a more comfortable and familiar environment. The prevalence of chronic diseases, particularly NCDs, is driving the demand for hospital beds, especially in low- and middle-income countries. The market includes beds for mental hospitals and ICUs, catering to the unique needs of these patient populations. Overall, the Hospital Beds market is expected to grow significantly due to the increasing number of patients requiring specialized care for various health conditions.
Market Research Overview
The Hospital Beds market encompasses a wide range of products designed to cater to the needs of 'COVID-19 patients' and 'virus carriers' in healthcare facilities. This market includes 'spinal devices,' 'neurovascular devices,' and 'neurosurgical devices' under the medical equipment division. The market also offers 'emergency medical equipment' like 'patient handling' devices, 'navigation systems,' and 'surgical instruments.' Notable companies in this space are EarlySense, which specializes in 'vital-sign bed sensors,' and those with diverse product portfolios, such as those catering to 'diabetes,' 'aging population,' and 'chronic illnesses.' The market is influenced by factors like the 'chronic illness prevalence,' 'elderly population,' and 'healthcare spending.' New product releases include 'Smart beds,' which offer 'Respiration rate monitoring,' and various bed types like 'Manual,' 'Semi-Electric,' 'Electric,' 'Psychiatric & Bariatric Care,' 'Long-Term Care,' 'Acute Care,' and 'ICU beds.' Home healthcare services and 'mental hospitals' are also part of the market. The market is further driven by the growing 'medical tourism market' and investments in 'chronic diseases' like 'noncommunicable diseases (NCDs),' 'cardiovascular diseases (CVDs),' 'Cancer,' and 'Acquired immunodeficiency syndrome.' Overall, the Hospital Beds market is a significant contributor to the healthcare industry, catering to the needs of various patient types and care settings.
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