The hospital beds market size was valued at USD 3.1 billion in 2021 and is expected to rise to USD 6.38 billion by 2032
Market Scenario
The hospital beds market size was valued at USD 3.1 billion in 2021 and is expected to rise from USD 3.33 billion in 2022 to USD 6.38 billion by 2032, with a compound annual growth rate (CAGR) of 7.5% over the forecast period (2023-2032). However, expensive hospital beds, such as semi-electric and electric beds can counter the market rise in the forecast period.
The increase in number of admissions in hospitals and surge in demand for health care services can promote expansion of the market in the assessment period. Hospital beds aid in positioning that body that has greater feasibility over regular home bed that can promote expansion of the market in years come. The increase in number of ECG machines and their need can favor expansion of the market in the analysis period. The availability of advanced type hospital beds can also promote expansion of the market in the study period. The increase in prevalence of different chronic malaises and rise in number of ambulatory centers can promote expansion of the market in the years ahead.
Market Segmentation
The segment assessment for the global hospital beds market is done by type, end-users, and power.
The type-based segments of the global hospital beds market are psychiatric & bariatric care, acute care, and long-term care among others. Maternity beds and rehabilitation beds are among these others. The Acute care bed segment can earn about 58.7% share of the worldwide hospital beds market by the end of the review period.
The power-based segments of the hospital beds are semi-electric bed, electric bed, and manual bed.
The end-users-based segments of the hospital beds market are ambulatory, hospitals, and clinics among others.
Regional Analysis
As per MRFR regional assessment, the hospital bed market in Europe can secure the largest share of the worldwide market. Europe hospital beds market trend can valued above USD 916.6 Mn and rise at 5.5% CAGR across the analysis period. In Asia Pacific, the hospital bed market can surge at 5.9% CAGR through the forecast period. Europe can dominate the worldwide hospital bed market due to hike in healthcare spending, well-developed healthcare sector, favorable reimbursement policies, and rise in government support can favor expansion of the market through the assessment period. The U.K. can rise at decent pace and earn greater than USD 916.6 Mn at 5.5% CAGR through the forecast period. In the Americas, the well-developed healthcare ecosystem, huge geriatric population, and hike in investment in healthcare research and development can support expansion of the regional hospital beds market. In Asia Pacific, the hospital beds market can surge at decent pace. In the Middle East and Africa, decline in healthcare spending and no easy access to limited technologies can support expansion of the market in the analysis period.
Key Players
Hill-Rom Holdings, Gendron Inc., Invacare Corporation, Stryker Corporation, Linet spol. s r.o., Paramount Bed Holdings Co., Ltd., and Getinge AB are some reputed names in the worldwide hospital beds market that are listed by MRFR. The report offered by MRFR on Hospital Beds Market can hold valuable insights on the market that are acquired by extensive research that is both qualitative and quantitative. Involvement of Industry experts and opinion from global leader aid in preparing on deeper insights into the market and its performance along the analysis period. The report offers clear picture of market scenario that includes historical interpretation and projects market size. Technological advancement, and other governing factors, such as; macroeconomic can provide information of the market for investors.
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