Hospital beds market to reach USD 7.15B by 2031

The hospital beds market refers to the market for medical beds used in hospitals, nursing homes, and other healthcare facilities. This market has grown in recent years due to an increase in the number of aging populations, advancements in medical technology, and a rise in chronic conditions. Hospital beds come in various forms, such as manual, electric, and intensive care beds, each designed for specific patient needs. Major players in the market include Hill-Rom, Stryker, Medline Industries, and Invacare Corporation. The market is expected to continue to grow as healthcare facilities strive to improve patient comfort and outcomes.

The hospital beds market has been growing at a significant pace due to the factors mentioned above, and is expected to continue its growth trajectory in the coming years. The market was valued at $3.39 billion in 2021 and is projected to reach $7.15 billion by 2031, growing at a compound annual growth rate (CAGR) of 7.4% from 2022 to 2031. This growth rate is an indicator of the increasing demand for hospital beds and the growth potential of the market.

Key Market Players : Amico Corporation, Antano Group S.R.L., Baxter Corporation, Burke Bariatric Inc, Drive Medical, Graham Field, Getinge AB, Invacare Corporation, Linet SPOL S.R.O., Medline Industries Inc, Med-Mizer Inc, Midmark Corporation, Novum Medical Products, Paramount Bed Holdings, Savaria Corporation, Stiegelmeyer GMBH & Co, Stryker Corporation

The hospital beds market segmented by end user, technology, and application. The technology segment is divided into powered beds, including electric and semi-electric beds, and manual beds. The application segment is classified into acute care, long-term care, and others. The end user segment is categorized into hospitals, ambulatory surgical centers, and others. This segmentation helps in understanding the demand and growth patterns of the different segments of the hospital beds market.

The end user segment of the hospital beds market divided into hospitals, ambulatory surgical centers, and others. Hospitals are the largest end-user segment as they require a large number of hospital beds for inpatient care. Ambulatory surgical centers are also a growing segment of the market as the number of outpatient procedures continues to increase. The “others” category includes nursing homes, rehabilitation centers, and home healthcare providers.

The technology segment of the hospital beds market divided into powered beds and manual beds. The powered beds segment is further divided into electric beds and semi-electric beds. Electric beds are fully motorized and provide greater adjustability and comfort for patients, while semi-electric beds have manual adjustments for the head and foot sections and powered adjustments for the height. Manual beds, on the other hand, are operated manually and are typically used in low-acuity settings. The type of bed used will depend on the specific needs of the patient and the level of care required.

The application segment of the hospital beds market divided into acute care, long-term care, and others. Acute care refers to the treatment of patients with serious or life-threatening conditions that require immediate medical attention. Long-term care refers to the ongoing care of patients with chronic or debilitating conditions that require extended stays in a healthcare facility. The “others” category may include rehabilitation centers and home healthcare. This segmentation helps in understanding the specific needs and requirements of different patient populations and how they influence the demand for different types of hospital beds.

hospital beds market segmented by region. This allows for a better understanding of the market trends and growth patterns in different geographic regions. The regions could be divided into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. Each region has its own unique factors that influence the demand for hospital beds, such as the healthcare infrastructure, government policies, and demographic trends. A regional analysis of the hospital beds market provides valuable insights into the market potential and opportunities in different parts of the world. Allied Market Research