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Hospital Beds Market Segmented By Types - Semi-Electric Beds | Electric Beds | Manual Beds
With the rising prevalence of chronic diseases, the market for hospital beds is likely to reach US$ 5915.62 million by 2032 and exhibit a 5.7% CAGR from 2022-2032. As of the current year, 2022, the market is estimated at US$ 3398.21 million, against US$ 3214 million in 2021.
“Increasing chronic disease prevalence and growing demand for high-end hospital beds with innovative features are driving the overall market growth. Furthermore, postoperative care and home healthcare for geriatrics offer lucrative opportunities for market players.”
Growing aging populations, technological advancements, the development of healthcare infrastructure, lifestyle diseases, and chronic diseases are largely responsible for the growth of the market. Several chronic diseases, including heart disease, cancer, and diabetes, are leading causes of death and disability around the world. As funds are spent on healthcare infrastructure development and chronic diseases are on the rise, the global hospital bed market is expected to continue to grow at a rapid pace.
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Attributes |
Details |
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Hospital Bed Market CAGR (2022-2032) |
5.7% |
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Hospital Bed Market Size (2022) |
US$ 3398.21 million |
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Hospital Bed Market (2032) |
US$ 5915.62 million |
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Growth in the hospital beds market is expected to be boosted by expanding and upgrading hospitals. Accordingly, the Texas Health and Human Services Department and Dell Medical School at The University of Texas at Austin announced in October 2019 that they would construct a new psychiatric hospital in Texas, U.S. A budget of about US$ 180.5 million was approved by the Texas Legislature and the Governor for design in May 2019 and initial construction of a modern, state-of-the-art psychiatric hospital with 240 beds.
A growing inclination toward home care and technological advancements in ICU beds are also contributing to the hospital bed market growth. It is more convenient, less expensive, and more effective to receive healthcare at home than in a hospital. The services that are provided in the home include nurse care, physical therapy, scheduled doctor's visits, home blood collections, geriatric counseling, occupational therapy, speech therapy, and rehabilitative therapies.
In 2017, there were 12,200 home health agencies in the United States, according to the Centers for Disease Control and Prevention (CDC). Several manufacturers are focusing on medical beds for home care due to an increase in the demand for home healthcare services in industrialized countries. As a result, home healthcare services have become a prominent development in the hospital bed industry.
There are certain diseases for which there are no complete cures or vaccinations. These diseases include cancer, hepatitis, chronic obstructive pulmonary disease (COPD), cardiovascular diseases (CVDs), as well as viral diseases such as acquired immunodeficiency syndrome (AIDS).
A leading cause of mortality in the world is noncommunicable diseases (NCDs), which are estimated to be responsible for 41 million deaths each year, or about 70% of all deaths worldwide in 2018, based on data from the World Health Organization (WHO).
As a result, there has been a surge in the number of treatment options available and awareness among patients about these options in the past few years. Thus, as chronic diseases become more prevalent around the world, the hospital bed market is expected to grow.
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In recent years, there have been increasing numbers of product recalls by government agencies, such as the US. Several factors are expected to hinder the growth of the global hospital beds market, including the Consumer Product Safety Commission (CPSC).
For instance, after receiving three death reports associated with Compass Health Brands' bed rails in December 2021, the Consumer Product Safety Commission (CPSC) voluntarily recalled 105,000 of them. A bed rail was recalled because it was not properly attached to the bed, entrapping the user between the bed and the mattress.
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Attributes |
Hospital Bed Market |
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CAGR (2022-2032) |
5.7% |
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Market Value (2032) |
US$ 5915.62 million |
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Growth Factor |
Further growth is expected in the market for hospital beds equipped with the latest technology and custom-made according to patients’ needs in the healthcare sector. |
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Opportunity |
People prefer private hospitals with excellent medical furnishings, so there will be opportunities in the market due to the increase in disease outbreaks. |
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Attributes |
Smart Bed Market |
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CAGR (2022-2032) |
7% |
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Market Value (2032) |
US$ 4840 million |
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Growth Factor |
Due to an increase in expenditures on sleep technology because of the improvement in living standards, smart beds have become necessary. |
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Opportunity |
As awareness of the need for quality sleep has grown, significant investments have been made in cutting-edge sleep technologies. |
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Attributes |
Bed Head Panel Market |
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CAGR (2022-2032) |
3.1% |
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Market Value (2032) |
US$ 3781 million |
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Growth Factor |
The use of unique materials to create bed head panels that are non-flammable, allow for electrostatic protection, and work with a variety of patient services has resulted in one of the fastest-growing markets. |
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Opportunity |
A growing number of manufacturers across the globe have focused their R&D efforts on developing advanced bedhead panels. |
Due to the rise in hospitalization rates, hospitals are experiencing a severe shortage of beds, especially in intensive care units (ICUs) and general wards, as a result of rising hospitalization rates. As a consequence, the demand for hospital beds is also increasing as a result of the increasing prevalence of various medical ailments, such as cancer and cardiovascular diseases (CVDs).
Additionally, several product innovations, such as the development of powered hospital beds, are also contributing to the growth of this industry. Powered beds are convenient for the transportation of patients, and they offer enhanced comfort, positioning adjustment, mobile monitoring, and fall detection features to make patients' stay more comfortable.
As per the analysis, by type segment, the market is subdivided into manual, electric, and semi-electric beds. The electric bed segment is expected to lead the market during the forecast period. In addition, these beds are also equipped with an optional therapeutic massage function, which for patients confined to beds can be controlled remotely via a remote control. This massage function helps in the circulation of blood and prevents bedsores as well as joint pain.
The advantage of electric beds over manual beds is that patients can move more easily. Furthermore, patients have the option of adjusting their position in a variety of ways. Mobile monitoring and fall detection are also available. As a result, caregivers and patients do not need to make frequent adjustments or worry about losing support during the night because the mattress is adjustable as required.
According to the use of hospital beds, the market across the globe is divided into those used for acute care, long-term care, and psychiatric care, among others. In the hospital bed market, it is expected that the long-term category based on treatment may witness the highest CAGR during the forecast period. This can be attributed primarily to the rise in the number of patients with severe health conditions and those who require prolonged stays in hospitals.
Healthcare smart beds are being increasingly adopted in acute care and long-term care facilities in North America as a result of the growing demand for healthcare smart beds. This in turn is attributed to the growth of the North American hospital bed market. The region is predicted to expand at a CAGR of 5.5% during the forecast period from 2022-2032.
According to a published study by Harvard Medical School, the use of respiratory rate monitoring technology and heart rate monitoring technology in hospital beds, such as bedside monitors and EarlySense's under-the-mattress device, can reduce such events by 86%.
All of these factors are responsible for the growth of the hospital bed market in North America. Among high-income countries in North America, the United States has one of the highest rates of intensive care beds and one of the highest hospital capacities as well.
In 2022, Europe is forecast to be one of the largest contributors to the hospital bed market. This is due to an increase in healthcare spending per capita, a burgeoning geriatric population, an increasing prevalence of chronic diseases, and technological breakthroughs in the region.
The European Commission reported in a recent report that there was an increase in long-term care beds in Romania during the period 2010-2015 (13 additional beds per 100,000 inhabitants), and in Austria during the same period (23 additional beds per 100,000 inhabitants).
Increasing the installation of hospital beds in these nations has been one of the major factors for the large share that Europe has taken in the global market for hospital beds.
Globally, APAC is expected to grow at the highest CAGR during the forecast period in the hospital bed market. There are several reasons for this, including the growing medical tourism industry, an increase in the prevalence of chronic diseases, a rise in the aging population, and continuous improvements to the healthcare infrastructure.
Approximately 11.3% of the total population in Southeast Asia, that is, 87.6 million people, was diagnosed with diabetes in 2019. This number is predicted to reach 12.6% by 2045, based on data from the IDF. Consequently, the number of hospitalizations in the region may probably increase as a result of these factors, which would generate a great deal of demand for hospital beds in the area.
The global hospital bed market is highly concentrated, with a few companies accounting for most of the market share such as Hill-Rom Holdings Inc. and Stryker Corporation. As a result of multiple strategic measures taken by major players in the market in recent years, such as product launches as well as facility expansions, these players have been able to gain a competitive edge in the market. Moreover, key players are also investing in developing economies.
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Attributes |
Details |
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Forecast Period |
2022-2032 |
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Historical Data Available For |
2015-2021 |
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Market Analysis |
US$ Mn for Value |
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Key Countries Covered |
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By Market Segments |
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Key Companies Profiled |
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Pricing |
Available Upon Request |
Hospital Bed Market by Type
Hospital Bed Market by Usage
Hospital Bed by Application
Hospital Bed Market by End User
Hospital Bed Market by Region
The global hospital bed market is estimated at a 5.7% growth rate during the forecast period of 2022-2032
The global Hospital Bed market is expected to garner US$ 5915.62 million by 2032
The important key players in the Global Hospital Bed Market are Hill-Rom Holdings, Stryker Corporation, Gendron Inc., Medline Industries, Inc., Getinge AB, and Joerns Healthcare LLC.
Europe region holds the highest share of the global hospital bed market.
