Hospital/Medical Beds Market by Product (Bed, Accessories), Technology (Manual, Powered), Type of Care (Rehabilitative, Curative, Long Term), Healthcare Facility (Pediatric, Maternal, Bariatric, Critical, Homecare, Med Surg) - Global Forecast to 2030

Hospital/Medical Beds Market by Product (Bed, Accessories), Technology (Manual, Powered), Type of Care (Rehabilitative, Curative, Long Term), Healthcare Facility (Pediatric, Maternal, Bariatric, Critical, Homecare, Med Surg) - Global Forecast to 2030

Hospital/Medical Beds Market by Product (Bed, Accessories), Technology (Manual, Powered), Type of Care (Rehabilitative, Curative, Long Term), Healthcare Facility (Pediatric, Maternal, Bariatric, Critical, Homecare, Med Surg)—Global Forecast to 2030.

The hospital/medical beds market is projected to reach $6.66 billion by 2030, at a CAGR of 6.4% from 2023 to 2030.

Succeeding an extensive secondary and primary research and in-depth analysis of the market scenario, the report carries out the key industry drivers, restraints, challenges, and opportunities. The growth in the hospital/medical beds market is attributed to factors such as the increasing elderly population coupled with the growing prevalence of chronic diseases, the increasing number of hospitals, the COVID-19 pandemic, and the launch of technologically advanced beds.

Based on product, in 2023, the beds segment accounted for the largest share of the market. The key factors attributed to this segment's large market share are the expansion of medical facilities globally, the high demand for advanced beds for long-term home care, and the high prevalence of chronic diseases. Owing to the advancing healthcare infrastructure globally, the patient inflow to medical facilities has increased, generating the demand for hospital beds.

Based on technology, the market is segmented into powered beds, manual beds, and smart beds. In 2023, the powered beds segment is expected to account for the largest share of the market. High demand for quality healthcare, high preference for technologically advanced beds, and a rise in the number of private hospitals offering high-quality healthcare services are the key factors contributing to the large market share of this segment.

Based on type of care, the market is segmented into curative care, long-term care, and rehabilitative care. In 2022, the curative care segment accounted for the largest share of the market. Increased incidence of injuries, high adoption of medical beds for curative treatments, rise in road accidents, and the outbreak of COVID-19 are the factors generating the high demand for curative care.

Based on healthcare facility, the critical care unit segment is projected to register the highest CAGR over the forecast period. The large market share of this segment is attributed to the high rate of hospital admissions due to chronic illnesses, the rise in cardiovascular diseases, and the high risk of the aging population to diseases requiring care for an extended duration.

An in-depth analysis of the geographical scenario of the hospital/medical beds market provides detailed qualitative and quantitative insights into five major geographies (North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa) along with the coverage of major countries in each region.

In 2023, Europe is expected to command the largest share of the hospital/medical beds market, followed by North America. The rise in maternity hospitals, government initiatives for promoting advanced infrastructure in the healthcare sector, and a strong healthcare system with well-qualified medical teams are the factors attributed to the large share of this regional market.

Some of the key players operating in the hospital/medical 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).

Scope of the Report:

Global Hospital/Medical Beds Market, by Product

Beds
Accessories

Global Hospital/Medical Beds Market, by Technology

Powered Beds
Electric Beds
Semi-electric Beds
Manual Beds
Smart Beds

Global Hospital/Medical Beds Market, by Type of Care

Curative Care
Long-term Care
Rehabilitative Care

Global Hospital/Medical Beds Market, by Healthcare Facility

Critical Care Unit
Bariatric Care Unit
Long-term Care Unit
Homecare Settings
Med-surg Care Unit
Pediatric Care Unit
Maternal Care Unit

Global Hospital/Medical Beds Market, by Geography

North America
U.S.
Canada
Europe
Germany
France
U.K.
Italy
Spain
Rest of Europe (RoE)
Asia-Pacific
China
Japan
India
Rest of Asia Pacific (RoAPAC)
Latin America
Brazil
Mexico
Argentina
Rest of Latin America (RoLATM)
Middle East & Africa

Hospital/Medical Beds Market - Report Summary

Report Metrics	Details
Years Considered	2020 - 2029
Base Year	2022
Forecast Period	2023-2030
Page Count	209
Units Referenced	Value (USD Million/Billion)
Segments/Key Topics	Market by Product, Market by Technology, Market by Type of Care, and Market by Healthcare Facility
Key Companies Mentioned	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).

FAQs About the Report

What is the focus of the global hospital/medical beds market?

This study offers a detailed assessment of the hospital/medical beds market, including the market size & forecast for various segmentation like product, technology, type of care, and healthcare facility. The hospital/medical beds market studied in this report also involves the value analysis of various segments of hospital/medical beds at regional and country levels.

What is the value of revenue generated from hospital/medical beds across the globe? At what rate is their demand expected to grow for the next 5-7 years?

The global hospital/medical beds market is projected to reach $ 6.66 billion by 2030, at a CAGR of 6.4% during the forecast period.
Based on product, which segment accounted for the major share of the market?
Based on product, the beds segment accounted for the largest share of the market.

Which technology segment is expected to grow at the highest CAGR during the forecast period?

Based on technology, the powered beds segment is projected to register the highest CAGR over the forecast period. Powered hospital beds partially or completely use motors to raise the head and foot sections of the bed. These beds provide folding positions that can be changed according to the treatment requirements and patient comfort. Powered beds are used for patients who have undergone multiple surgeries, needing physical support, and continuous monitoring. Thus, various advantages of these beds are the factors for supporting their growing adoption.

Which type of care segment is projected to register the highest CAGR during the forecast period?

Based on type of care, the long-term care segment is projected to register the highest CAGR over the forecast period.

Which healthcare facility segment is projected to register the highest CAGR during the forecast period?

Based on healthcare facility, the home care settings segment is projected to record the fastest growth rate over the forecast period.

What are the key factors supporting the growth of this market? Also, what are the major opportunities for existing market players and new entrants in the global hospital/medical beds market?

The increasing elderly population, coupled with the growing prevalence of chronic diseases, the growing number of hospitals, and the launch of technologically advanced beds are driving the market growth. New smart and robotic beds, growing demand for beds in home care settings, developing economies, and growing medical tourism are creating new opportunities for the market.

Who are the major players operating in the global hospital/medical beds market?

The key players profiled in the global hospital/medical 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).

Which regions/countries are expected to offer significant growth opportunities for the market players operating in the global hospital/medical beds market?

Emerging economies like China and India are projected to offer significant growth opportunities to the market players due to the growing medical tourism and aging population in these co