According to a recent market study published by Growth Market Reports, titled, “Global Hospital Beds Market is Segmented into By Function, By Price Range, By Care Settings, By End-users, By Sales Channel, and By Region: Size, Share, Trends and Opportunity Analysis, 2016-2031”, the market was valued at US$ 3,896.4 Million in 2022 and is expected to grow at a growth rate of 7.4% by the year 2031.

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Hospital beds consist of a wide range of specialized beds, such as ICU beds, pediatric beds, and maternity beds. Hospital beds include accessories and components, such as mattresses, side rails, and bed monitoring systems. These beds play a significant role in delivering proper healthcare services and addressing the health concerns of the population.

Hospital beds ensure patient comfort during the treatment. Various functions of hospital beds such as height adjustability, and patient health tracking make them a suitable choice for patient care. The hospital beds market is influenced by various factors such as demographic trends, advancements in healthcare technology, healthcare infrastructure development, and regulatory standards.

Based on function, the global hospital beds market is segmented into connected and non-connected. The connected segment is projected to expand at a significant CAGR of XX% during the forecast period, as it enhances hospital operations through various digital and Internet of Things (loT) capabilities.

On the basis of price range, the global hospital beds market is segmented into mid-range and premium. The mid-range segment is expected to hold a significant share of XX% in the market, due to the increasing demand for cost-effective hospital beds in various countries of the Global.

In terms of care settings, the global Hospital Beds market is segmented into patient recovery, critical care, post-surgery care, home care, long-term care centers, psychiatric care, maternity care, and pediatric and bariatric care. The patient recovery segment is projected to expand at a considerable CAGR of XX% during the forecast period, as beds support patients in treating illness, injury, and other medical conditions.

Based on end-users, the global Hospital Beds market is segmented into hospital, clinics, rehabilitation centers, nursing home, home care settings, and ambulatory surgical centers. The hospital (private & public) segment is projected to expand at a significant CAGR of XX% during the forecast period, as hospitals are the major users of beds.

On the basis of sales channel, the global Hospital Beds market is segmented into direct sales and indirect sales. The direct sales segment is expected to hold a significant share of XX% the market, as it is convenient to sell hospital beds directly to hospitals, clinics, or other facilities.

The COVID-19 pandemic greatly increased hospitalization, which greatly increased the demand for hospital beds all around the world. Medical beds are a crucial component of any patient's care since they offer convenience, safety, inflection control, and risk management support. For instance, as per the study report published by Disaster Medicine and Public Health Preparedness in April 2021, given the severe COVID-19 cases in the Kingdom of Saudi Arabia, findings suggested the need for more hospital and ICU beds which increased the demand for medical beds and likely propel the market to grow during the pandemic period. However, as COVID-19 cases are decreasing the demand for medical beds is expected to be stable over the coming years.

As per growth market reports by industry analyst Divyanka Sankhe, “Hospital beds are patient beds that use manual cranks to adjust the bed for the patient's comfort. Due to the lack of risk of motor failure, lower cost, and easy-to-use mechanisms manual medical beds are anticipated to boost the segment growth over the forecast period. In addition, the increasing burden of chronic diseases and the growing geriatric population are expected to boost the market growth over the study period.

Supply chain management is an essential part of any business. A supply chain contains a series of steps to get products from their original state to the customers. Raw materials and component supply is the starting point of the supply chain. Companies source raw materials such as high-quality steel or aluminum for longevity. Steel and metal are preferred for their strength. They need to comply with various laws and regulations regarding their safety & sustainability, as ensuring the quality of these materials is critical.

The new contracts and partnerships in the region for the widespread distribution of medical beds are expected to boost the growth of the market over the study period. For instance, in November 2022, SFI Medical Equipment Solutions (SFI Medical) and Drive Medical entered a new contract with Shannex to provide and install over 700 hospital beds in active long-term care (LTC) facilities across Atlantic Canada and Ontario. This increases the healthcare services with hospital beds which are expected to boost the market over the forecast period.

New collaborations and acquisitions among the market players increase the widespread distribution of products which is expected to drive the market to grow. For instance, in December 2021, Baxter International Inc. completed the acquisition of smart hospital bed maker Hillrom. Thus, the collaborations and acquisitions of medtech organizations will share a vision for transforming healthcare and advancing patient care worldwide which is expected to boost the market growth over the forecast period.

The players in the Global Hospital Beds market include GF Health Products, Inc., (Graham-Field), Medline Industries Inc., Midmark Corporation, Stryker Corporation, Novum Medical Products, Drive Medical, Invacare Corporation, Baxter Corporation, Antano Group S.R.L., Linet SPOL S.R.O., Burke Bariatric Inc, Med-Mizer Inc, Amico Corporation, Getinge AB, Stiegelmeyer GMBH & Co, Savaria Corporation, Paramount Bed Holdings, and others.

Report Scope

Report Metric

Details

Market Value in 2022

US$ 3,896.4 Million

Market Growth Rate (from 2023 to 2031)

5.7%

Historical Data

2016 - 2021

Base Year

2022

Forecast Period

2023 – 2031

Units Considered

Value (US$ Million)

Market Segments

By Function, By Price Range, By Care Settings, By End-users, By Sales Channel, By Region

Key Companies Profiled

GF Health Products, Inc., (Graham-Field), Medline Industries Inc., Midmark Corporation, Stryker Corporation, Novum Medical Products, Drive Medical, Invacare Corporation, Baxter Corporation, Antano Group S.R.L., Linet SPOL S.R.O., Burke Bariatric Inc, Med-Mizer Inc, Amico Corporation, Getinge AB, Stiegelmeyer GMBH & Co, Savaria Corporation, Paramount Bed Holdings, and others.

Customization Scope

Report customization available on request

Pricing and Purchase Options

Avail of tailor-made purchase options to meet your research requirements.

Target Audience:

  • Supply-side: Manufacturer and distributors.

  • Demand Side: Hospitals, Homecare Settings, Ambulatory Surgical Centres.

  • Regulatory Side: South African Medicines Control Council (MCC): The national regulatory authority (NRA) of South Africa, Malaysian National Pharmaceutical Control Bureau (NPCB): The National Pharmaceutical Regulatory Agency (NPRA), NPCB – Foreign GMP Inspections document, Singapore’s Health Sciences Authority (HSA), Singapore’s Therapeutic Products Branch (TBD), Australian Therapeutic Goods Administration (TGA), U.S. Food and Drug Administration (US FDA), and others.