Hospital Beds Market Size, Share, Growth Analysis, By Type(Electric Medical Beds, Semi-Electric Medical Beds, Manual Medical Beds), By Usage(Acute Care, Maternity, Others), By Application(Non-Intensive Care, Intensive Care), By End User(Hospitals, Homecare, Others), By Region - Industry Forecast 2024-2031

Hospital Beds Market Drivers

Increasing Investments in Hospital Infrastructure 

• 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. 

Growing Prevalence of Chronic Diseases 

• Chronic diseases are rapidly increasing across the globe, which is boosting the hospital beds market growth. Moreover, the increased prevalence of chronic diseases, such as stroke, heart disease, and cancer, that need hospitalization is a pivotal factor boosting demand. The growing use of beds for chronic disease management as they require more time in a facility compared to an acute illness is also promoting the market expansion. Thus, the increasing adoption of personalized care by healthcare systems worldwide, subsequently resulting into increase in requirement of patient-specific hospital beds is driving demand for global market. 

Hospital Beds Market Restraints 

High Cost to Impact Small and Medium-Sized Hospitals 

• One of the main reasons why hospital beds may not get updated is that healthcare facilities, especially those with limited budgets, find it hard to cover the initial investment needed for buying advanced medical beds equipped with latest features and technology. These expenses involve the initial purchase price of the beds and their installation, training, and any costs associated with customization. This, in turn can act as a barrier to the market growth, because the high cost of purchasing these beds may cause delays or unwillingness to replace existing bed inventory or increase capacity. 

Rising Substitutions for Hospital Beds 

• In many cases medical care can be provided in alternative settings including home healthcare services, outpatient care or other non-institutional settings. This decreases the need for medical beds in hospitals and other healthcare facilities, especially for short term or non-critical cases. Furthermore, with the development of telemedicine and remote monitoring technology, healthcare providers can provide care remotely without sacrificing quality, making hospital beds even less necessary.