Global Hospital Beds Market - Focused Insights 2024 - 2029

Global Hospital Beds Market Size, Share, and Forecast 2024–2029

The global hospital beds market was valued at USD 3.66 billion in 2023 and is projected to reach USD 4.83 billion by 2029, growing at a CAGR of 4.71% during the forecast period. Rising hospital admissions due to chronic illnesses and accident cases are fueling demand in the healthcare equipment industry. The increasing adoption of smart medical beds, especially full-electrical models, and advancements in robotic-assisted care beds are transforming patient care delivery worldwide. The medical beds market is also expanding as healthcare providers seek versatile and efficient solutions across various care settings Stakeholders across regions must capitalize on evolving technology and healthcare trends to capture growth in this dynamic market.

GLOBAL HOSPITAL BEDS MARKET DRIVERS

Rising Demand for ICU Beds:

ICU-compatible equipment, including advanced medical beds, is experiencing strong demand. These beds often come with features such as X-ray cassette holders and stepless pneumatic adjustments. Growing rates of chronic illnesses and emergency cases from accidents and industrial injuries are contributing to higher ICU admissions, boosting the need for specialized patient care furniture.

Technological Innovations in Patient Beds:

Over the past decade, care bed designs have evolved significantly. With an increasing elderly population and a rising need to prevent pressure ulcers, vendors are introducing highly efficient, safe, and patient-friendly medical beds. Features like electric adjustments, patient monitoring systems, and ergonomic designs are now standard in high-end medical bed offerings.

Growth in Smart Healthcare Beds:

Smart solutions offer integrated technology for real-time monitoring, data logging, and patient-caregiver interaction. The adoption of sensor-based automation, graphical user interfaces, and remote functionality is helping healthcare providers enhance patient outcomes while reducing workload. This trend is encouraging facilities to invest more in intelligent medical bed systems.

GLOBAL HOSPITAL BEDS MARKET HIGHLIGHTS

• The full-electric hospital beds are growing significantly and dominating the global market, with the fastest growth rate during the forecast period. Full-electric hospital beds enable patients with reduced mobility to move freely. In recent years, there has been a rising prevalence of patients suffering from chronic and other acute disease conditions such as spinal injuries, paralysis, and others. This patient population demands full-electric hospital beds for better assistance and quality care. Also, quick assistance with smart features such as continuous monitoring and bed alarms, among others, increase the demand for full-electric beds in medical emergency rooms.
• Non-intensive care beds constitute the majority share within the application segment of the global hospital beds market. The increasing hospital admission for treatment and increasing patient population is driving the demand for non-intensive care beds in general wards, thereby boosting the demand for hospital beds across the globe.
• By care type, the curative beds segment is growing with the highest CAGR during the forecast period. Long-term care beds are specialized hospital beds that meet the needs of patients with chronic impairments, which may reduce their independence in activities of daily living. The surge in chronic diseases, attributed to the growing elderly population globally, is driving the demand for long-term care beds.
• The global hospital beds market by end-user is segmented into hospitals, home healthcare settings, nursing homes/long-term care facilities/elder homes, and others. The hospital is a major revenue contributor to the global market. The growth of this segment is mainly due to patients preferring to undergo treatment in hospitals rather than any other healthcare setting. Also, the growing aging population, changes in lifestyle patterns, and the increasing prevalence of abnormal cardiac disorders, along with chronic diseases, are driving factors contributing to the increase in hospital admissions and rising demand for hospital beds. 

GEOGRAPHICAL ANALYSIS

Europe was the largest geographical segment of the global hospital beds market, with a share of over 30% in 2023. The market dominance of Europe is due to the rising incidence of chronic diseases and improvements in healthcare infrastructure. Over 50 million people in Europe have multiple chronic conditions, increasing the need for advanced care equipment, including high-quality medical beds.

Asia-Pacific (APAC) is expected to witness the highest CAGR during the forecast period. Growing healthcare investments, rising income levels, and increasing chronic disease prevalence in countries like China and India are propelling the demand for medical beds in the region.

VENDOR LANDSCAPE

The global hospital beds market report contains exclusive data on 43 Vendors. Stryker Corp, Invacare, Paramount Bed Holdings, Medline Industries, LINET spol, and Getinge are some leading players currently dominating the global hospital beds market. The global hospital beds market is highly fragmented. Large corporations dominate the market. However, there are significant growth opportunities for new entrants. The market offers tremendous growth opportunities for both existing and future/emerging players due to the presence of a large pool of target patient population, increasing elderly population, chronic disease prevalence, various other events such as patients recovering from surgeries, accidental care, emergency care settings, and ambulatory setups, among others.