2025 Market Reports Update: Market Size Forecasts to 2034, Key Trends, Leading Players, and Top Regions – Get Ahead of the Competition Today!

What Are the Primary Drivers Supporting the Market Growth of theHospital Beds Market?

Growth in the hospital bed market is anticipated to be powered by an increasing hospitalization rate. Hospitalization denotes the process of admitting a patient for healthcare observation, treatment, or care in hospitals or other healthcare facilities. During their stay in the hospital for recuperation and treatment, patients utilize hospital beds. For instance, the Ontario Agency for Health Protection and Promotion, a government health agency in Canada, reported that the number of COVID-19 hospitalizations rose from 22,559 in 2021 to 29,524 in 2022 as of March 2023. Additionally, the rate of hospitalizations per 100,000 people was found to be higher in 2022 in comparison to 2021. As a consequence, the escalating rate of hospitalizations is propelling the expansion of the hospital bed market.

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#What Are the Key Projections for the CAGR of the Hospital Beds Market From 2025 to 2034?

The market size for hospital beds has seen remarkable growth in the past few years. It is projected to rise from $4.35 billion in 2024 to $4.64 billion in 2025, with a compound annual growth rate (CAGR) of 6.7%. Factors contributing to this growth during the historic period include a rising global aging population, a higher prevalence of chronic illnesses, improvements in healthcare infrastructure, an increase in surgical procedures and hospital admissions, as well as government funding in healthcare.

The hospital beds market is projected to experience robust growth in the upcoming years, reaching a value of $6.56 billion in 2029 with a 9.0% compound annual growth rate (CAGR). This projected expansion during the predicted period can be credited to an increased emphasis on patient comfort and care, along with rising global healthcare expenditure. The growth of home healthcare services, demand for bariatric hospital beds, and incorporation of smart technologies in hospital beds further contribute to this rise. Key trends to watch during this period include the integration of telehealth, a heightened focus on patient safety, the effect of the global aging population, advancements in modular and convertible beds, and a shift towards sustainable and eco-friendly designs.

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What Are the Latest Innovations Influencing theHospital Beds Market?

Prominent corporations in the hospital bed industry are launching cutting-edge products like ICU bed upgrade platforms to maintain their market dominance. An ICU bed upgrade platform refers to a system or technology which upgrades the features, functionality or capabilities of intensive care unit (ICU) beds. For example, Stryker – a US-based medical equipment enterprise, launched SmartMedic in March 2023: India’s premiere ICU bed upgrade platform designed to improve patient care and safeguard medical staff. SmartMedic boosts existing ICU bed features in hospitals by managing patient weight changes, monitoring patient turning from nursing stations and permitting X-ray procedures within the ICU without repositioning the patient. The goal of SmartMedic is to minimize patient discomfort and offer superior care.

Who Are the Major Industry Players Accelerating Growth in theHospital 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

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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

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Which Regions Are Key Players in the Growth of the #What Are the Primary Drivers Supporting the Market Growth of theHospital Beds Market?# 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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