Hospital Beds Market to Grow with a CAGR of 6.80% through 2029

Rapid technological advancements and increasing prevalence of chronic diseases is expected to drive the Global Hospital Beds Market growth in the forecast period, 2025-2029.

According to TechSci Research report, “Hospital Beds Market – Global Industry Size, Share, Trends, Competition Forecast & Opportunities, 2029F”, the Global Hospital Beds Market stood at USD 3.84 billion in 2023 and is anticipated to grow with a CAGR of 6.80% in the forecast period, 2025-2029. The global hospital bed market is experiencing significant growth, driven by various factors that reflect the evolving landscape of healthcare systems worldwide. Hospital beds are critical healthcare infrastructure, playing a pivotal role in patient care, comfort, and recovery. As the healthcare industry adapts to changing demographics, technologies, and patient needs, several key drivers are shaping the expansion of the hospital bed market on a global scale. One of the primary drivers behind the growth of the hospital bed market is the aging global population. As populations age, the incidence of chronic diseases and conditions such as cardiovascular diseases, diabetes, and respiratory disorders increases. Older adults often require specialized care and prolonged hospital stays, necessitating a greater demand for hospital beds equipped with features that enhance patient comfort and aid in recovery.

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Advancements in technology are transforming the hospital bed market, leading to the development of smart beds equipped with features like electronic controls, pressure relief systems, and connectivity options. Smart beds not only improve patient outcomes by preventing bedsores and enhancing comfort but also enable healthcare providers to remotely monitor patients, optimizing care delivery and operational efficiency.

Increasing healthcare expenditure across the globe is fueling investments in hospital infrastructure and medical equipment, including hospital beds. Growing healthcare budgets allow hospitals to upgrade their facilities with modern beds that offer enhanced functionalities, contributing to better patient care and staff productivity. The COVID-19 pandemic underscored the importance of hospital beds in healthcare systems globally. The surge in hospitalizations during the pandemic highlighted the need for sufficient bed capacity, including specialized beds for intensive care units (ICUs). This experience has prompted many healthcare facilities to invest in expanding and upgrading their bed capacities, driving market growth. There is an increasing emphasis on patient-centered care, which includes prioritizing patient comfort and safety. Hospital beds are being designed to provide ergonomic support, infection control features, and easy accessibility, enhancing the overall patient experience and reducing the risk of complications during hospital stays.

The Global Hospital Beds Market is segmented into type, power, application, end user, regional distribution, and company.

Based on power, the manual segment is anticipated to contribute the largest share in the global hospital bed market. Manual hospital beds are generally more affordable compared to their powered counterparts. This cost advantage makes manual beds accessible to a wider range of healthcare facilities, especially in developing regions or smaller clinics with budget constraints. As a result, the demand for manual beds remains consistently high across different healthcare settings. Manual hospital beds are often perceived as durable and reliable due to their mechanical simplicity. They have fewer components that could potentially malfunction, reducing maintenance costs over time. This reliability is particularly important for healthcare facilities seeking long-term investments in bed infrastructure. Manual hospital beds are straightforward to operate, requiring minimal training for healthcare staff. They do not rely on complex electronic controls or power sources, which can be advantageous in environments where consistent electricity supply may be a concern. Manual hospital beds are versatile in terms of adjustability. They typically offer basic functions such as height adjustment and backrest positioning, which are sufficient for many patient care scenarios. This versatility makes manual beds suitable for a wide range of patient needs. In some regions or healthcare systems, there may be a cultural or historical preference for manual beds. Healthcare providers may prioritize simplicity and reliability over advanced features, leading to sustained demand for manual bed models. Regulatory standards or reimbursement policies in certain markets may influence the choice of hospital beds. Manual beds, being simpler in design and operation, may align more easily with regulatory requirements or budget constraints, driving their adoption. Manual beds are perceived as safe and stable, providing a secure platform for patient care activities. This factor is critical in environments where patient safety is paramount.

Based on region, Asia Pacific, this region is expected to be the fastest-growing region in the global Hospital Beds market. Asia Pacific has been witnessing rapid economic growth, leading to increased healthcare investments. The rising population, particularly the growing middle class, further contributes to the demand for hospital beds in the region. Factors such as the increasing prevalence of chronic diseases, improving healthcare infrastructure, and a growing awareness of advanced medical treatments also fuel the demand for hospital beds in Asia Pacific.

Major companies operating in Global Hospital Beds Market are:

• Invacare Corporation
• Linet Spol. S R.O
• Paramount Beds Holdings
• Hill-Rom Holdings
• Stryker Corporation
• Joh. Stiegelmeyer GmBH & Co. KG
• Gendron Inc.
• Medline Industries, Inc.
• Getinge AB
• Joerns Healthcare LLC

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“The key factors attributing to the market growth of hospital beds include the rising prevalence of chronic diseases, an aging population, a mounting number of hospitalization cases, and ongoing technological advancements in the hospital equipment market. In developing countries from Asia-Pacific and Latin America, the major factors driving the hospital beds market are improved healthcare infrastructure, a growing middle-class income, and increasing investment and advancement in the healthcare sector. Looking into the future, a major trend that can be anticipated is the rising demand for advanced and selective features of hospital beds. As the healthcare industry continues to evolve, there will be a growing need for hospital beds with enhanced functionalities and tailored features to meet the specific requirements of patients. Furthermore, with the emergence of new and advanced hospitals in emerging economies around the world, the demand for hospital beds is expected to surge in the forecast years. These hospitals will play a vital role in catering to the healthcare needs of their respective populations and will drive the market for hospital beds to meet the growing demand.,” said Mr. Karan Chechi, Research Director with TechSci Research, a research-based management consulting firm.

“Hospital Beds Market - Global Industry Size, Share, Trends, Opportunity, and Forecast, Segmented By Type (Acute Care, Long-Term Care, Psychiatric & Bariatric Care, Others), By Power (Electric, Semi-Electric, Manual), By Application (Acute Care, Long-term Care, Others), By End User (Hospitals, Ambulatory Surgical Centres, Others), By Region, By Competition, 2019-2029F”, has evaluated the future growth potential of Global Hospital Beds Market and provides statistics & information on market size, structure and future market growth. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges, and opportunities in Global Hospital Beds Market.

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