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Hospital beds are specialized beds used in various healthcare settings for patient care and treatment. They usually have adjustable sections, like the backrest, thigh support, and leg rest, to allow patients to move and remain comfortable. Hospital beds today integrate technologically advanced features to aid patient monitoring and medical diagnosis. Some beds come equipped with scales, therapy surfaces, air fluidized technology, low air loss mattress for pressure ulcer prevention, and special surfaces to aid wound healing. They are designed to seamlessly integrate with other hospital equipment and facilitate administration of fluids, nutritional support, and oxygen therapy. The global hospital beds market is estimated to be valued at US$ 4,151.09 Mn in 2024 and is expected to exhibit a CAGR of 6.3% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.
Market Dynamics: Advancements in bed frame technology is expected to drive the growth of the hospital beds market. Integration of new technologies like bed equipped with sensors, data collectors and cloud connectivity has enabled real-time monitoring of patient’s vital health parameters at the bedside as well as remotely. These smart beds equipped with internet of things (IoT) capabilities reduces nurse workload, improves care quality and patient safety. They allow clinicians to monitor multiple patients simultaneously and take timely clinical interventions. Moreover, the introduction of telemetry-enabled smart beds helps in early detection of clinical deterioration. Such advancements in bed frame technology offering remote monitoring and alerting capabilities have boosted their demand in healthcare settings. In addition, increasing incidence of chronic diseases and road accidents resulting in rise of trauma cases necessitating longer hospital stay is further propelling the hospital beds market growth over the forecast period.
Segment Analysis
The hospital beds market can be segmented into manual hospital beds, electric hospital beds, and specialty hospital beds. Electric hospital beds are dominating the market and estimated to have a market share of over 60% in 2024. The dominating position of electric beds is attributed to rising prevalence of chronic conditions such as cardiovascular diseases, respiratory diseases, and cancer which require long-term hospitalization of patients. The functions of adjustable heights, beds positions and remote operations make electric beds very convenient for patients and care providers.
PEST Analysis
Political: Governments across the globe are increasing healthcare spending to improve medical infrastructure and provide quality care. Favorable reimbursement policies are also promoting adoption of advanced hospital beds.
Economic: Rising per capita income and growing geriatric population prone to chronic illnesses are fueling demand for long-term and post-acute care. This is positively impacting the hospital beds market.
Social: Growing incidence of lifestyle diseases, increasing life expectancy, and changing disease patterns are compelling more number of people to opt for long-term hospitalization. This is driving need for high-quality and technologically advanced hospital beds.
Technological: Introduction of smart beds with connectivity features, remote monitoring capabilities, and integrated entertainment systems are enhancing patient experience and care delivery.
Key Takeaways
The global hospital beds market is expected to witness high growth at a CAGR of 6.3% during the forecast period of 2023 to 2030.
Regional analysis: North America dominated the market in 2024 with over 35% share owing to early technology adoption and increasing incidence of chronic conditions. Asia Pacific is estimated to be the fastest growing region on account of rising medical tourism, improving healthcare infrastructure, and favorable government initiatives to strengthen healthcare systems.
Key players operating in the hospital beds market are Stryker, Hill-Rom Holdings, Inc., Getinge AB, Invacare Corporation, Medline Industries, Inc., LINET., EarlySense, Max Healthcare, Eqova Healthcare, Compass Health Brands, Stiegelmeyer GmbH & Co. Kg, Antano Group S.R.L, Amico Corporation, and Midmark Corporation. Stryker dominated the market with over 15% share owing to its diversified product portfolio and strong distribution network across major markets globally.
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1. Source: Coherent Market Insights, Public sources, Desk research
2. We have leveraged AI tools to mine information and compile it
