What is the global market size of Hospital Beds Market?

Hospital Beds Market size was valued at USD 3.07 billion in 2021 and is poised to grow from USD 3.3 billion in 2022 to USD 6.33 billion by 2030, growing at a CAGR of 7.5% during the forecast period (2023-2030).

Who are the key vendors in the Global Hospital Beds Market?

Competition within the hospital beds market is intense, with numerous manufacturers and suppliers operating on a global scale. Major players in the industry strive to develop innovative and technologically advanced hospital beds that enhance patient comfort, facilitate efficient healthcare delivery, and ensure caregiver safety. Additionally, manufacturers prioritize factors such as durability, ease of maintenance, infection control measures, and ergonomic design. 'Hill-Rom Holdings, Inc. (US)', 'Stryker Corporation (US)', 'Invacare Corporation (US)', 'Linet Group SE (Czech Republic)', 'Paramount Bed Holdings Co., Ltd. (Japan)', 'Getinge AB (Sweden)', 'Arjo AB (Sweden)', 'Medline Industries, Inc. (US)', 'Stiegelmeyer GmbH & Co. KG (Germany)', 'Malvestio Spa (Italy)', 'LINAK A/S (Denmark)', 'Span-America Medical Systems, Inc. (US)', 'Gendron Inc. (US)', 'Merivaara Corporation (Finland)', 'Savion Industries Ltd. (Israel)', 'Proma Reha, s.r.o. (Czech Republic)', 'Joerns Healthcare LLC (US)', 'Favero Health Projects S.r.l. (Italy)', 'Chang Gung Medical Technology Co., Ltd. (Taiwan)', 'Ardo Medical AG (Switzerland)'

What is the key driver of Global Hospital Beds Market?

The aging population is a significant driver in the hospital beds market. As the global population continues to age, the demand for healthcare services and hospital beds increases. Elderly individuals often require specialized beds for conditions such as mobility issues, chronic illnesses, and age-related ailments. Governments worldwide are implementing initiatives and making investments to improve healthcare infrastructure. These initiatives aim to increase the availability of hospital beds, especially in underserved regions, and ensure access to quality healthcare services.

What is the key market trend for Global Hospital Beds Market?

The global hospital beds market is experiencing several key market trends that are influencing the industry. One significant trend is the increasing demand for specialty beds designed to address specific medical conditions and patient needs. These include beds for ICU, bariatric patients, pediatrics, and maternity. This surge in demand is driven by the rising prevalence of chronic diseases and the need for specialized care for diverse patient populations. Sustainability and eco-friendly initiatives are gaining importance in the healthcare industry.

Which region accounted for the largest share in Global Hospital Beds Market?

North America dominates the global Hospital Beds market. The region has a well-established healthcare infrastructure, high healthcare expenditure, and a significant presence of key market players. North America's dominance can be attributed to factors such as the growing elderly population, the increasing prevalence of chronic diseases, and the adoption of advanced healthcare technologies. Additionally, government initiatives to improve healthcare facilities and reimbursement policies further support the market growth in this region.

Hospital Beds Companies

Hospital Beds Market Competitive Landscape

Hospital Beds Market Top Player’s Company Profiles

Thermo Fisher Scientific, Inc. (US)
QIAGEN (Germany)
NanoString Technologies, Inc. (US)
Merck KGaA (Germany)
Takara Bio, Inc. (Japan)
BioGenex (US)
GeneCopoeia, Inc. (US)
New England Biolabs (US)
Narang Medical Limited (India)
Amico Corporation (Canada)
Getinge AB (Sweden)
K care Healthcare (Australia)
Ascom Holding AG (Switzerland)
Hopital du Valais (Switzerland)
MediWales (UK)
Rovamed (France)
Sidhil Ltd. (UK)
Famed Zywiec (Poland)
AFC Industries, Inc. (US)
Durable Medical Equipment Co. (US)
Med-Mizer, Inc. (US)
Ruder Medical (US)

Hospital Beds Market

FAQs

Hospital Beds Market size was valued at USD 4.0 billion in 2022 and is poised to grow from USD 4.28 billion in 2023 to USD 7.29 billion by 2031, growing at a CAGR of 6.90% during the forecast period (2024-2031).

The hospital beds industry will continue to flourish in coming years, as major market players are putting huge amount of money into R&D for developing an advanced product portfolio. Market participants are also implementing several strategic activities with an aim to expand their market. Companies are focusing into new product launches, contract deals, mergers & acquisitions, as well as partnerships with other organizations. The companies competing in the market need to deliver inexpensive options to continue to grow and thrive in an ever-growing competitive field. Many companies in the market is also emphasizing on manufacturing beds locally to reduce operational expenses. 'Thermo Fisher Scientific, Inc. (US) ', 'QIAGEN (Germany) ', 'NanoString Technologies, Inc. (US) ', 'Merck KGaA (Germany) ', 'Takara Bio, Inc. (Japan) ', 'BioGenex (US) ', 'GeneCopoeia, Inc. (US) ', 'New England Biolabs (US) ', 'Narang Medical Limited (India) ', 'Amico Corporation (Canada) ', 'Getinge AB (Sweden) ', 'K care Healthcare (Australia) ', 'Ascom Holding AG (Switzerland) ', 'Hopital du Valais (Switzerland) ', 'MediWales (UK) ', 'Rovamed (France) ', 'Sidhil Ltd. (UK) ', 'Famed Zywiec (Poland) ', 'AFC Industries, Inc. (US) ', 'Durable Medical Equipment Co. (US) ', 'Med-Mizer, Inc. (US) ', 'Ruder Medical (US)'

Development of infrastructure in medical ecosystem further supports the hospital beds market growth. Growing investments in infrastructure will also increase expenditure for medical beds in hospitals, playing a crucial role as growth parameter fuelling market expansion. The increase in healthcare sector is primarily stimulated by widespread policy reform, economic liberalization, rapidly rising middle-class demographic with expanding purchasing power, and increased investment in infrastructural development.

Increasing Insurance Coverage: Healthcare reforms focused on universal health coverage and access to the services are creating a positive hospital beds market outlook for large hospitals, which in turn gives future prospective for growth of the market. Accordingly, several countries are implementing reforms to make healthcare accessible to a larger population, further driving the market growth. Moreover, increasing penetration of reforms resulting in a rise in preventive care and early diagnosis is amplifying the demand for bed treatment associated with shorter stays and outpatient care, which is further driving market growth.

North America is dominating the market with the largest hospital beds market share. This rapid growth in the market due to huge number of hospitals and healthcare facilities in countries such as U.S. The United States has the highest health care expenditure in the world, and its medical system is one that depends on modern medical instruments and devices that greatly rely on technology. This means a significant supply chain demand for hospital beds to provide patient bed required throughout various settings of care. Furthermore, the region has a dominant position in the hospital bed manufacturing market due to the presence of leading global manufacturers of hospital beds.

Feedback From Our Clients

"We have purchased recently a report from SkyQuest Technology, and we are happy to inform you that this report was so useful and practical for our team. Skyquest Team was very active and our queries were followed up completely.It was amazing. "

- Mr. Ali Zali, Commercial Director, ICIIC Iran.

Hospital Beds Market Competitive Landscape

Hospital Beds Market Report Snapshots

Want to customize this report?

FAQs

Request Free Customization

Feedback From Our Clients

$5,300

Hospital Beds Market Competitive Landscape

Hospital Beds Market Report Snapshots

Want to customize this report?

FAQs

What is the global market size of Hospital Beds Market?

Who are the key vendors in the Hospital Beds Market?

What is the key driver of Hospital Beds Market?

What is the key market trend for Hospital Beds Market?

Which region accounted for the largest share in Hospital Beds Market?

Request Free Customization

Related Reports

Feedback From Our Clients

$5,300