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How Does the Projected Growth of the Hospital Beds Market Compare Over the Forecast Period?

The hospital beds market has grown significantly and is expected to rise from $4.35 billion in 2024 to $4.64 billion in 2025, with a CAGR of 6.7%. Key drivers of historical growth include an aging global population, the increasing prevalence of chronic diseases, advancements in healthcare infrastructure, higher surgical procedure rates, growing hospital admissions, and government healthcare investments.

The hospital beds market is projected to grow steadily, reaching $6.56 billion by 2029 at a CAGR of 9.0%. Key drivers include increased attention to patient comfort and care, rising global healthcare expenditures, the expansion of home healthcare services, growing demand for bariatric hospital beds, and the integration of smart technology in hospital furniture. Major trends will involve the incorporation of telehealth features, an emphasis on patient safety, the impact of an aging population, modular and convertible bed designs, and environmentally sustainable manufacturing.

Which Macro and Microeconomic Factors Are Accelerating the Growth of the hospital beds Market?

The increasing rate of hospital admissions is anticipated to drive the expansion of the hospital bed market. Hospitalization involves admitting a patient to a hospital or healthcare facility for medical care, monitoring, or treatment. During their stay, patients utilize hospital beds for rest, recovery, and ongoing treatment. For example, in March 2023, the Ontario Agency for Health Protection and Promotion, a governmental health agency in Canada, reported that COVID-19 hospitalizations in 2022 reached 29,524, up from 22,559 in 2021. Additionally, the number of hospitalizations per 100,000 people was higher in 2022 compared to 2021. As a result, the growing hospitalization rate is fueling the growth of the hospital bed market.

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Who Are the Key Players Steering the Development of the Hospital Beds Market?

Major companies operating in the hospital beds market include:

• Apex Medical Corp_x000D_

• Sunrise Medical LLC_x000D_

• Invacare Corporation_x000D_

• Paramount Bed Co. Ltd._x000D_

• Midmark Corporation_x000D_

How Are Consumer Trends Shaping the Current and Future Landscape of the Hospital Beds Market?

In the hospital bed market, major companies are introducing technologically advanced products such as ICU bed upgrade platforms to stay competitive. For example, in March 2023, Stryker, a US-based medical device company, launched SmartMedic, India’s first ICU bed upgrade platform. This platform enhances existing ICU bed capabilities, including patient weight management, monitoring patient turns, and facilitating X-rays without moving patients, all aimed at improving patient comfort and care.

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Which Primary Segments of the Hospital Beds Market Are Driving Growth and Industry Transformations?

The hospital beds market covered in this report is segmented –

1) By Type: Semi-Electric Beds, Electric Beds, Manual Beds

2) By Usage: Acute Care Beds, Long-Term Care Beds, Psychiatric Care Beds, Other Usages

3) By Application: Non-Intensive Care Beds, Intensive Care Beds

4) By End User: Hospitals, Clinics, Ambulatory Services, Other End Users

Subsegments:

1) By Semi-Electric Beds: Full-Electric With Manual Functions, Adjustable Height Semi-Electric Beds

2) By Electric Beds: ICU Electric Beds, Standard Electric Beds, Specialty Electric Beds

3) By Manual Beds: Adjustable Manual Beds, Fixed Height Manual Beds

Which Geographical Regions Are Shaping the Hospital Beds Market Growth?

Europe was the largest region in the hospital beds market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the hospital beds market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa

What Are the Defining Aspects of the Hospital Beds Market Landscape?

Hospital beds are specialized beds designed for use in healthcare facilities, such as hospitals or clinics. Hospital beds provide a comfortable and safe environment for individuals recovering from surgery, receiving medical treatments, or managing chronic conditions.

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