Meticulous Research® has released a new market research report titled "Hospital Beds Market by Product (Bed, Accessories), Technology (Manual, Powered), Type of Care (Rehabilitative, Curative, Long Term), Healthcare Facility (Pediatric, Maternal, Bariatric, Critical, Homecare, Med Surg) - Global Forecast to 2030." The report projects that the global hospital/medical beds market will grow to $6.66 billion by 2030, achieving a CAGR of 6.4% from 2023 to 2030.

Key Highlights:

Hospital beds are essential in healthcare settings, providing comfort, support, and improved care outcomes for patients. These specialized beds are designed to cater to the needs of patients with varying levels of illness or injury. They play a crucial role in reducing caregiver strain and enhancing patient mobility, making them indispensable in hospitals and clinics worldwide.

The market for hospital/medical beds is segmented by product type, technology, type of care, and healthcare facility, with further analysis at the global and regional levels. According to the report, several factors drive the market's growth, including the expansion of healthcare infrastructure, government investments, and the increasing geriatric population.

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Product Segmentation:

In 2023, the beds segment is expected to hold the largest share of the market, driven by the expansion of hospitals, government investments in healthcare, and the rising demand for long-term care due to the increasing prevalence of chronic diseases.

Technology Segmentation:

The powered beds segment is projected to dominate the market in 2023. Powered beds offer numerous advantages, such as easy patient movement, adjustable positions, mobile monitoring, and fall detection, making them highly sought after in modern healthcare facilities.

Type of Care Segmentation:

The curative care segment is anticipated to lead the market in 2023, owing to the widespread use of hospital beds for treating chronic and acute diseases. The rising geriatric population and the high incidence of physical injuries further contribute to this segment's growth.

Healthcare Facility Segmentation:

Critical care units are expected to capture the largest share of the market in 2023. This growth is attributed to the high prevalence of chronic diseases and severe injuries, leading to increased admissions to intensive care units (ICUs) and critical care units (CCUs).

Regional Analysis:

Geographically, the hospital/medical beds market is segmented into North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa. In 2022, Europe held the largest market share, followed by North America and Asia-Pacific. The large market share in Europe is supported by government initiatives to improve healthcare services, the aging population, collaborations among hospitals, and a robust healthcare system.

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Market Players:

The report identifies key players in the hospital/medical beds market, including Stryker Corporation (U.S.), Hill-Rom Holding, Inc. (Part of Baxter International Inc.) (U.S.), Invacare Corporation (U.S.), Getinge AB (Sweden), Paramount Bed Holdings Co., Ltd. (Japan), Medline Industries, LP (U.S.), Stiegelmeyer GmbH & Co. KG (Germany), LINET Group SE (Czech Republic), Joerns Healthcare LLC. (U.S.), Drive DeVilbiss Healthcare (U.S.), Savaria Corporation (Canada), Midmark Corporation (U.S.), Amico Corporation (U.S.), Famed Zywiec Sp. z o.o. (Poland), and Malvestio Spa (Italy).

Scope of the Report:

The report provides an in-depth analysis of the hospital beds market, covering the following areas:

• By Product: Beds, Accessories
• By Technology: Powered Beds (Electric Beds, Semi-electric Beds), Manual Beds, Smart Beds
• By Type of Care: Curative Care, Long-term Care, Rehabilitative Care
• By Healthcare Facility: Critical Care Unit, Bariatric Care Unit, Long-term Care Unit, Homecare Settings, Med-Surg Care Unit, Pediatric Care Unit, Maternal Care Unit
• By Geography: North America (U.S., Canada), Europe (Germany, France, U.K., Italy, Spain, Rest of Europe), Asia-Pacific (China, Japan, India, Rest of Asia-Pacific), Latin America (Brazil, Mexico, Argentina, Rest of Latin America), Middle East & Africa

Conclusion:

The global hospital/medical beds market is on a steady growth trajectory, driven by advancements in healthcare infrastructure, technological innovations, and the increasing need for specialized care. With Europe leading the way, the market is set to expand further, offering significant opportunities for industry players.

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