Asia Medical/Hospital Beds Market
Report ID: SQMIR35B2197
Asia Medical/Hospital Beds Market Size, Share, Growth Analysis, By Product(Hospital/medical beds, and accessories), By Area of use(Critical care, long-term care, med-surg, homecare), By Type of care(Long-term care, curative care, rehabilitative care), By Technology(Powered beds, and manual beds), By End-user(Hospitals, home care settings, elderly care settings), By Region - Industry Forecast 2025-2032
Report ID:
SQMIR35B2197 |
Region:
Regional |
Published Date: February, 2024
Pages:
242
|Tables:
144
|Figures:
78
Asia Medical/Hospital Beds Market Insights
Asia Medical/Hospital Beds Market size was valued at USD 576.04 Million in 2023 and is poised to grow from USD 609.45 Million in 2024 to USD 956.8 Million by 2032, growing at a CAGR of 5.8% during the forecast period (2025-2032).
Medical/hospital beds are critical in addressing issues related to the care of chronically ill and elderly populations. The bed has several features that can assist the patient in better positioning as well as security and convenience for quick healing. Furthermore, as technology has advanced, air therapy beds, monitoring capabilities, and the embedding of mechanical sensors have managed to improve bed performance and demand throughout the forecast period (2024-2031).
According to WHO, noncommunicable diseases (NCDs) accounted for 46% of the global disease burden in 2019, and this figure is expected to rise to 57% by 2031. Furthermore, NCDs account for 55% of all deaths in the South East Asian region, amounting to nearly 8 million people each year. The rise in NCDs has resulted in a double disease burden for Asian countries. As a result, the incidence of chronic illnesses will generate higher demand for medical/hospital beds.
To get more reports on the above market click here to Buy The Report
Asia Medical/Hospital Beds Market Segmental Analysis
Asia medical/hospital beds market is segmented based on the product, area of use, type of care, technology, end-user, and region. Based on product, the market is segmented into hospital/medical beds, and accessories. Based on area of use, the market in Asia is segmented into critical care, long-term care, med-surg, homecare, and others. Based on type of care, the market is segmented into long-term care, curative care, rehabilitative care. On the basis of technology, the market is bifurcated into powered beds, and manual beds. Based on end-user, the market is categorized as hospitals, home care settings, elderly care settings. Based on region, it is categorized into Asia (China, India, Japan, and others).
Asia Medical/Hospital Beds Market Analysis by Area of Use
Based on area of use, medical/hospital beds market in Asia is segmented into critical care, long-term care, med-surg, homecare, and others. The critical care segment accounted for the largest proportion of the Asia medical/hospital beds market by area of use. Critical care services are provided to patients who are experiencing an immediate life-threatening health issue and require support systems for keeping vital organs working perfectly. As a result, beds in critical care units are an important component of such units. These beds are particularly designed to offer the greatest comfort to the patient and comfort to the caregiver, enabling them to provide quality care in stressful situations. The burgeoning volume of accidents, the increasing incidence of infectious diseases, and the rising rate of chronic diseases and fatal injuries all contribute to this segment's size.
Asia Medical/Hospital Beds Market Analysis by Technology
Based on technology, medical/hospital beds market in Asia is bifurcated into powered beds, and manual beds. Powered beds segment is expected to grow significantly during the forecast timeline as it encompasses functionalities such as position adjustment, the availability of monitoring sensors, and fall detection, which help enhance caregiver efficiency by reducing repetitive strain injuries (RSI).
To get detailed analysis on other segments, Request For Free Sample Report
Asia Medical/Hospital Beds Market Regional Insights
Asia Pacific is expected to hold the increased incidences of various chronic diseases; increased prevalence of cancers of the digestive, urinary, respiratory, and reproductive systems; development in per capita healthcare spending; growing investments in the Indian healthcare sector; and augmentation of private healthcare institutions in rural areas all contributed to India occupying the largest share of the Asia medical/hospital beds market. China, on the other hand, is predicted to expand the fastest throughout the forecast period. China's rapid expansion is largely caused by increased healthcare funding in national budgets, an increasing middle-class population, a geriatric population, increasing disposable income, and optimised healthcare accessibility. As a result, the growing elderly population will generate higher demand for medical/hospital beds.
To know more about the market opportunities by region and country, click here to
Buy The Complete Report
Asia Medical/Hospital Beds Market Dynamics
Asia Medical/Hospital Beds Market Drivers
Rise in Geriatric Population to Boost Demand for Hospital Beds during Forecast Period
- According to the United Nations Economic and Social Commission for Asia and the Pacific (UNESCAP), nearly 12.4% of the region's population was 60 years or more in 2016, however this figure is expected to grow to even more than a quarter, or 1.3 billion people, by 2050. There are, however, differences across the region. More than a third of the population in East and North Asia (which includes places with significant geriatric populations including Japan and the Republic of Korea) is presumed to be 60 years or older by 2050, whilst one in every four people in North and Central Asia will indeed be 60 years or older. According to UNESCAP, the number of elderly people in East and North East Asia was higher in 2016, followed by North and Central Asia. South East Asia is predicted to experience the fastest rising elderly population in the upcoming years, with an expansion to 21.1% in 2050. The elderly population is raising the rate of various chronic illnesses.
Asia Medical/Hospital Beds Market Restraints
High Cost associated with Hospital Beds to Hinder Market Growth
- The high cost of hospital beds, injuries associated with hospital beds, and advancements in the pharmaceutical sector may also lead to a slowdown in hospital admission are some of the reasons holding back the growth of the hospital beds market in the region during the forecast period.
Request Free Customization of this report to help us to meet your business objectives.
Asia Medical/Hospital Beds Market Competitive Landscape
Asia medical/hospital beds market is highly competitive and somewhat fragmented. To maintain a competitive edge, the major industry participants are continually implementing various growth strategies. Innovations, mergers, and acquisitions, collaborations and partnerships are adopted by these players to thrive in the competitive market. In order to provide industries with the most effective and economical solutions, the major market players are also continually concentrating on R&D.
Asia Medical/Hospital Beds Market Top Player's Company Profiles
- Hill-Rom Holdings Inc.
- Stryker Corporation
- Getinge AB
- Linet Spol. S.R.O.
- Invacare Corporation
- Paramount Bed Co., Ltd.
- Malvestio Spa
- Merivaara Corporation
- Span-America Medical Systems Inc.
- Savion Industries Ltd.
- Jiangsu Saikang Medical Equipment Co., Ltd.
- Suzhou Zhongjian Medical Technology Co., Ltd.
- Beijing Jingdong Technology Co., Ltd.
- Nanjing Jin Bai He Medical Apparatus Co., Ltd.
- Shanghai Pinxing Medical Equipment Co., Ltd.
- Guangdong Kareway Medical Technology Co., Ltd.
- Guangzhou Shileva Medical Equipment Co., Ltd.
- Foshan Jianlian Homecare Products Co., Ltd.
- Beijing Fuxing Xiaocheng Medical Technology Co., Ltd.
- Guangdong Baihe Medical Technology Co., Ltd.
Asia Medical/Hospital Beds Market Recent Developments
- In August 2022, PM Modi inaugurated Asia’s biggest private hospital in Faridabad. The hospital will become fully operational with 2,600 beds by 2027-29. In full strength, there would be 1,000 beds in private wards. The 81 specialities will include eight Centres of Excellence (CoEs) related to the fields of oncology, cardiac sciences, neurosciences, gastro-sciences, renal sciences, bone diseases, transplants, and mother and child care.
- In August 2022, Dozee, an Indian medical device maker, launched a smart connected bed with Midmark India. Smart beds will enable hospitals to continuously monitor patients' conditions in step-down ICUs and other non-ICU wards.
Asia Medical/Hospital Beds Key Market Trends
- Sensors for body temperature, blood, heartbeat, oxygen, and pressure are all included in smart hospital beds. These sensors continuously transmit patient signals to a central system for physician review, and they play a critical role in the care of patients who require critical care. Robotic beds are becoming more popular as a promising tool for improving patient handling and reducing RSI. As a result, smart and robotic beds present major opportunities for the Asian medical/hospital beds market.
Asia Medical/Hospital Beds Market SkyQuest Analysis
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Co-relates, and Analyses the Data collected utilizing Primary Exploratory Research backed by the robust Secondary Desk research.
According to our Asia medical/hospital beds market analysis, Asia is anticipated to grow rapidly in hospital beds market during the forecast period (2022–2028) owing to the increase in diabetes, since it causes numerous diseases to a human being including cardiovascular diseases, nerve damage, kidney damage, skin conditions and others, due to which the patients need to be admitted in the hospital at times for monitoring and treatment. This is further driving the market growth throughout the anticipated period. However, a large demand-supply difference and reduced public expenditures on health care systems in developing countries are expected to restrict the expansion of the Asia hospital beds market.
| Report Metric | Details |
|---|---|
| Market size value in 2019 | USD 544.46 million |
| Market size value in 2031 | USD 904.35 million |
| Growth Rate | 5.8% |
| Base year | 2023 |
| Forecast period | 2024-2031 |
| Forecast Unit (Value) | USD Million |
| Segments covered |
|
| Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
| Companies covered |
|
| Customization scope | Free report customization with purchase. Customization includes:-
|
To get a free trial access to our platform which is a one stop solution for all your data requirements for quicker decision making. This platform allows you to compare markets, competitors who are prominent in the market, and mega trends that are influencing the dynamics in the market. Also, get access to detailed SkyQuest exclusive matrix.
Buy The Complete Report to read the analyzed strategies adopted by the top vendors either to retain or gain market share
Table Of Content
Executive Summary
Market overview
- Exhibit: Executive Summary – Chart on Market Overview
- Exhibit: Executive Summary – Data Table on Market Overview
- Exhibit: Executive Summary – Chart on Asia Medical/Hospital Beds Market Characteristics
- Exhibit: Executive Summary – Chart on Market by Geography
- Exhibit: Executive Summary – Chart on Market Segmentation
- Exhibit: Executive Summary – Chart on Incremental Growth
- Exhibit: Executive Summary – Data Table on Incremental Growth
- Exhibit: Executive Summary – Chart on Vendor Market Positioning
Parent Market Analysis
Market overview
Market size
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- SWOT Analysis
KEY MARKET INSIGHTS
- Technology Analysis
- (Exhibit: Data Table: Name of technology and details)
- Pricing Analysis
- (Exhibit: Data Table: Name of technology and pricing details)
- Supply Chain Analysis
- (Exhibit: Detailed Supply Chain Presentation)
- Value Chain Analysis
- (Exhibit: Detailed Value Chain Presentation)
- Ecosystem Of the Market
- Exhibit: Parent Market Ecosystem Market Analysis
- Exhibit: Market Characteristics of Parent Market
- IP Analysis
- (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
- Trade Analysis
- (Exhibit: Data Table: Import and Export data details)
- Startup Analysis
- (Exhibit: Data Table: Emerging startups details)
- Raw Material Analysis
- (Exhibit: Data Table: Mapping of key raw materials)
- Innovation Matrix
- (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
- Pipeline product Analysis
- (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
- Macroeconomic Indicators
COVID IMPACT
- Introduction
- Impact On Economy—scenario Assessment
- Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
- Revised Market Size
- Exhibit: Data Table on Asia Medical/Hospital Beds Market size and forecast 2021-2027 ($ million)
- Impact Of COVID On Key Segments
- Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
- COVID Strategies By Company
- Exhibit: Analysis on key strategies adopted by companies
MARKET DYNAMICS & OUTLOOK
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- Regulatory Landscape
- Exhibit: Data Table on regulation from different region
- SWOT Analysis
- Porters Analysis
- Competitive rivalry
- Exhibit: Competitive rivalry Impact of key factors, 2021
- Threat of substitute products
- Exhibit: Threat of Substitute Products Impact of key factors, 2021
- Bargaining power of buyers
- Exhibit: buyers bargaining power Impact of key factors, 2021
- Threat of new entrants
- Exhibit: Threat of new entrants Impact of key factors, 2021
- Bargaining power of suppliers
- Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
- Competitive rivalry
- Skyquest special insights on future disruptions
- Political Impact
- Economic impact
- Social Impact
- Technical Impact
- Environmental Impact
- Legal Impact
Market Size by Region
- Chart on Market share by geography 2021-2027 (%)
- Data Table on Market share by geography 2021-2027(%)
- North America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- USA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Canada
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Europe
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Germany
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Spain
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- France
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- UK
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Europe
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Asia Pacific
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- China
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- India
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Japan
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Korea
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Asia Pacific
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Latin America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Brazil
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of South America
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Middle East & Africa (MEA)
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- GCC Countries
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Africa
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of MEA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
KEY COMPANY PROFILES
- Competitive Landscape
- Total number of companies covered
- Exhibit: companies covered in the report, 2021
- Top companies market positioning
- Exhibit: company positioning matrix, 2021
- Top companies market Share
- Exhibit: Pie chart analysis on company market share, 2021(%)
- Total number of companies covered
Methodology
For the Asia Medical/Hospital Beds Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Asia Medical/Hospital Beds Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Analyst Support
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Asia Medical/Hospital Beds Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Asia Medical/Hospital Beds Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
USA (+1) 351-333-4748
