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 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).

Medical beds are tailored for using in healthcare facility environments such as hospitals, nursing homes, or home healthcare. These beds come with great features, made especially for medical and comfort needs of patients who require extra care for a long duration or for rehabilitation or recovery purposes. The rise in expenditure on health care by the government, private health organization, and a person itself leads to the purchase of high-quality medical equipment including medical beds. Such investments promote adoption of advanced healthcare technology and facilitates upgrade in infrastructure, contributing toward the hospital beds market growth. 

Growing elderly population and rise in number of hospitals and ambulatory surgery centers globally will drive the global hospital beds market over the forecast period. In addition, rise in the prevalence of chronic disease caused due to change in the lifestyle is also driving growth of population health management market. Further, adoption of such advanced features including bedsores prevent function, articulated bed position, wireless remote control and safety rails among the key market player is also anticipated to provide lucrative opportunities for further expansion of across the global. But, high priced technologically advanced beds are likely to hinder market growth slightly in near future, leading to a reduction in the hospital beds market size.

US Hospital Beds Market is poised to grow at a sustainable CAGR for the next forecast year.