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What fueled the previous growth in the hospital beds market?

There has been a robust expansion in the hospital beds market size in the past few years. It is projected to increase from $4.35 billion in 2024 to $4.64 billion in 2025, representing a compound annual growth rate (CAGR) of 6.7%. Factors contributing to this growth in the previous period include the rise in the global aging population, the growing occurrence of chronic diseases, improvements in healthcare facilities, an increase in surgical procedures and hospital admissions, as well as public sector investments in healthcare.

What will be the hospital beds market size in the future?

The estimated expansion for the hospital beds market is projected to be robust in the near future. By 2029, the market value is expected to rise to $6.56 billion at a compound annual growth rate (CAGR) of 9.0%. The surge during the forecast period can be ascribed to the heightened emphasis on patient comfort and treatment, increased healthcare spending globally, arrival of home healthcare facilities, demand for bariatric hospital beds, and inclusion of intelligent technologies in hospital beds. The forecast period will likely observe trends such as the amalgamation of telehealth, emphasis on patient security, the influence of the worldwide aging populace, the development of modular and transformable bed solutions, and designs that are both sustainable and beneficial to the environment.

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What main drivers are fueling expansion in the hospital beds market?

Growing rates of hospitalization are predicted to fuel the expansion of the hospital bed market. Being hospitalized involves a patient being admitted to a healthcare facility or hospital for care, treatment, or observation. During their hospital stay, patients make use of hospital beds for recovery, treatment, and rest. For example, in March 2023, the Ontario Agency for Health Protection and Promotion, a Canadian governmental health body, reported that COVID-19 hospitalizations in 2022 reached 29,524, marking an increase from 22,559 cases in 2021. In addition, one hundred thousand people saw a higher number of hospitalizations in 2022 than in 2021. Therefore, it is the escalating rates of hospitalization fostering the growth of the hospital bed market.

What key areas define the segmentation of the global hospital beds market?

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

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Who are the dominant players expanding their reach in the hospital beds market?

Major companies operating in the hospital beds market include Apex Medical Corp, Sunrise Medical LLC, Invacare Corporation, Paramount Bed Co. Ltd., Midmark Corporation, Drive Medical, Joerns Healthcare LLC, Span-America Medical Systems, ArjoHuntleigh, Joh. Stiegelmeyer & Co. GmbH, Linet spol s.r.o, Amico Corporation, Nitrocare, Kanghui Medical Technology, Savion Industries, Guldmann AS, Haelvoet NV, Proma Reha Inc., Medline Industries LP, Stryker Corporation, Merivaara Corporation, Malvestio SpA, Hopefull Medical Equipment, StarMed Healthcare, Novak M d.o.o., Besco Medical Co. Ltd, Gendron Inc., Royax SRO., Getinge AB

How are evolving market trends shaping hospital beds Strategies?

Leading businesses in the hospital bed market are developing and launching high-end technologies like ICU bed upgrade platforms to maintain their market dominance. These platforms offer augmentation or advancement of intensive care unit (ICU) beds, possibly involving upgrades such as feature enhancement, better functionality, and improved capabilities. For example, in March 2023, Stryker, a medical device company based in the USA, rolled out SmartMedic, the first ICU bed upgrade platform in India aimed at boosting patient care and caregiver protection. SmartMedic is a patient care solution designed to augment the capabilities of existing ICU beds in hospitals. It accommodates changes in patient weight, facilitates patient turn monitoring from nursing desks, and aids medical teams in performing X-ray tests within the ICU without needing to relocate the patient, thereby minimizing patient discomfort and offering superior care.

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Which regions are emerging as leaders in the hospital beds market?

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

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