Hospital Beds Market Size, Trends and Insights By Type (Electric Beds, Semi-electric Beds, Manual Beds), By Usage (Acute Care Beds, Psychiatric Care Beds, Long-term Care Beds, Other Beds (Maternity and Bariatric Beds)), By Application (Intensive Care Beds, Non-intensive Care Beds), By End User (Hospitals, Home Care Settings, Elderly Care Facilities), and By Region - Global Industry Overview, Statistical Data, Competitive Analysis, Share, Outlook, and Forecast 2024–2033
Report Snapshot
| Study Period: | 2024-2033 |
| Fastest Growing Market: | Asia-Pacific |
| Largest Market: | Europe |
Major Players
- Hill-Rom Holdings Inc.
- Stryker Corporation
- Getinge AB
- LINAK A/S
- Draegerwerk AG & Co. KGaA
- Invacare Corporation
- Others
Reports Description
Global Hospital Beds Market was valued at USD 4,509.5 Million in 2024 and is expected to reach USD 9,042.7 Million by 2033, at a CAGR of 6.99% during the forecast period 2024 – 2033.
Hospital beds are specialized beds designed for patient comfort and medical care within hospitals. They are adjustable, allowing for changes in height, and head and leg position to aid patients and healthcare workers.
The hospital beds market refers to the economic activity surrounding these beds. This encompasses the design, manufacturing, distribution, and sales of hospital beds to various healthcare facilities. The market is expected to grow steadily, driven by factors like an aging population requiring more healthcare, increasing hospital construction, and the development of technologically advanced beds.
Hospital Beds Market: Growth Factors
Aging Population and Increasing Healthcare Needs
As the global population continues to age, there’s a corresponding rise in healthcare demands, particularly for hospital beds. Elderly individuals often require hospitalization due to age-related illnesses and chronic conditions. According to the World Health Organization (WHO), the global population aged 60 years and older is expected to double by 2050, reaching nearly 2.1 billion.
Additionally, the prevalence of chronic diseases such as cardiovascular diseases, cancer, and respiratory disorders is escalating. These conditions necessitate hospitalization and contribute to the growing demand for hospital beds worldwide.
For instance, the Centers for Disease Control and Prevention (CDC) estimates that chronic diseases account for 7 out of 10 deaths in the United States, further underscoring the need for hospital beds to accommodate patients requiring treatment and care.
Advancements in Technology and Healthcare Infrastructure:
Technological innovations in hospital bed designs have significantly enhanced patient comfort, safety, and treatment outcomes. Features such as adjustable height, electronic controls, pressure relief systems, and integrated monitoring capabilities have become standard in modern hospital beds.
These advancements not only improve patient experience but also streamline healthcare delivery and reduce the risk of complications. Moreover, ongoing developments in healthcare infrastructure, particularly in emerging economies, are driving the adoption of hospital beds. Countries are investing in expanding their healthcare facilities and upgrading existing infrastructure to meet the evolving healthcare needs of their populations.
For instance, the Indian government’s National Health Mission aims to strengthen healthcare infrastructure across the country, including the establishment of new hospitals and healthcare centers, thereby creating opportunities for the hospital bed market to thrive.
Hospital Beds Market: Restraints
High Cost of Advanced Hospital Beds
Despite their benefits, advanced hospital beds equipped with cutting-edge features can be prohibitively expensive for healthcare facilities, especially in low- and middle-income countries. The substantial upfront investment required for purchasing these beds coupled with ongoing maintenance costs poses a significant financial burden for healthcare providers.
Additionally, reimbursement challenges and budget constraints in healthcare systems limit the affordability of premium hospital beds, thereby restraining their widespread adoption. This disparity in access to advanced healthcare equipment exacerbates healthcare inequalities, particularly in regions with limited resources.
Stringent Regulatory Requirements and Compliance Standards
Hospital bed manufacturers must adhere to stringent regulatory standards and compliance requirements imposed by government agencies and industry associations. Ensuring compliance with regulations such as FDA guidelines in the United States and CE marking in the European Union necessitates extensive testing, documentation, and quality assurance measures, which can prolong the product development lifecycle and increase manufacturing costs.
Furthermore, frequent updates and revisions to regulatory frameworks add complexity to the market landscape, requiring manufacturers to stay abreast of evolving requirements and invest in continuous compliance efforts. Non-compliance risks can result in regulatory penalties, product recalls, and damage to brand reputation, posing significant challenges for market players aiming to navigate the regulatory environment effectively.
Hospital Beds Market: Opportunities
Rising Prevalence of Chronic Diseases and Surgical Procedures
The increasing prevalence of chronic diseases such as cardiovascular disorders, cancer, and respiratory illnesses is driving the demand for hospital beds. Patients with chronic conditions often require long-term care and periodic hospitalizations for disease management and treatment.
According to the Centers for Disease Control and Prevention (CDC), chronic diseases are the leading causes of death and disability globally, with approximately 60% of deaths worldwide attributed to chronic illnesses. This statistic underscores the continuous need for hospital beds to accommodate patients requiring specialized care and treatment.
Moreover, the growing volume of surgical procedures, including elective surgeries and emergency interventions, contributes to the demand for hospital beds. Advances in surgical techniques and an aging population contribute to the increasing number of surgical interventions performed worldwide.
For instance, the National Health Service (NHS) in the United Kingdom reported a steady increase in the number of surgical procedures performed annually, ranging from orthopedic surgeries to cardiac interventions. This trend highlights the ongoing need for hospital beds to support post-operative care and patient recovery.
Expansion of Healthcare Infrastructure in Emerging Markets
Emerging markets present significant growth opportunities for the hospital beds market due to ongoing investments in healthcare infrastructure and the expansion of healthcare facilities. Countries in Asia-Pacific, Latin America, and Africa are witnessing rapid urbanization, economic development, and increasing government expenditure on healthcare.
As a result, there is a growing focus on enhancing healthcare services and infrastructure to meet the healthcare needs of expanding populations. According to the World Bank, emerging markets are expected to account for a substantial share of global healthcare spending in the coming years, driven by efforts to achieve universal health coverage and improve healthcare access.
Governments in emerging economies such as China, India, Brazil, and South Africa are investing in the construction of new hospitals, clinics, and healthcare centers to address the healthcare demands of their populations. This infrastructure development creates opportunities for the hospital beds market to supply quality medical equipment and support the expansion of healthcare services in these regions.
Hospital Beds Market: Segmentation Analysis
The Global Hospital Beds market is segmented by type, usage, application and end user.
Based on type, the global hospital beds market is segmented into Electric Beds, Semi-electric Beds, and Manual Beds. Among all these segments Electric Beds held the highest market share in 2023. Electric beds offer greater convenience and functionality compared to semi-electric and manual beds.
They are preferred in hospitals and other healthcare settings due to their ease of use and adjustable features. Semi-electric beds are gaining traction due to their affordability compared to fully electric beds while still offering some of the benefits of automation and adjustability.
Based on Usage, the global hospital beds market is segmented into Acute Care Beds, Psychiatric Care Beds, Long-term Care Beds, and Other Beds (Maternity and Bariatric Beds). Among all these segments Acute Care Beds held the highest market share in 2023. Acute care beds are crucial for hospitals and healthcare facilities handling patients requiring immediate medical attention.
They are in constant demand due to the continuous influx of patients needing urgent care. With growing awareness and recognition of mental health issues, there’s an increasing need for specialized psychiatric care beds in both hospital and non-hospital settings. This subsegment is experiencing rapid growth to cater to this demand.
Based on application, the global hospital beds market is segmented into Intensive Care Beds and Non-intensive Care Beds. Among all these segments Intensive Care Beds held the highest market share in 2023. Intensive care beds are essential for critically ill patients requiring constant monitoring and specialized medical interventions. They are indispensable in hospital ICUs and critical care units.
As healthcare systems focus on improving efficiency and reducing costs, there’s a rising demand for non-intensive care beds to accommodate patients who require general medical care but not intensive monitoring or treatment. This subsegment is growing to meet the needs of various healthcare settings beyond intensive care units.
Based on End users, the global hospital beds market is segmented into Hospitals, Home Care Settings, and Elderly Care Facilities. Among all these segments Hospitals held the highest market share in 2023. Hospitals are the primary users of hospital beds, requiring them for various departments such as emergency, surgery, ICU, and general wards. The demand for hospital beds remains consistently high due to the continuous flow of patients.
With the increasing preference for home-based care and advancements in medical technology allowing more complex treatments at home, there’s a growing demand for hospital beds in home care settings. This subsegment is rapidly expanding as healthcare systems emphasize home-based care to reduce hospital admissions and improve patient comfort.
Report Scope
| Feature of the Report | Details |
| Market Size in 2024 | USD 4,509.5 Million |
| Projected Market Size in 2033 | USD 9,042.7 Million |
| Market Size in 2023 | USD 4,230.7 Million |
| CAGR Growth Rate | 6.99% CAGR |
| Base Year | 2023 |
| Forecast Period | 2024-2033 |
| Key Segment | By Type, Usage, Application, End User and Region |
| Report Coverage | Revenue Estimation and Forecast, Company Profile, Competitive Landscape, Growth Factors and Recent Trends |
| Regional Scope | North America, Europe, Asia Pacific, Middle East & Africa, and South & Central America |
| Buying Options | Request tailored purchasing options to fulfil your requirements for research. |
Hospital Beds Market: Regional Insight
North America held the highest market share in 2023. Firstly, the region boasts advanced healthcare infrastructure and technologies, coupled with high healthcare expenditure. This translates to a higher demand for hospital beds, both for acute care and long-term care facilities.
Additionally, factors such as a growing aging population and increasing prevalence of chronic diseases further drive the demand for hospital beds in the region. Moreover, favorable reimbursement policies and robust regulatory frameworks in countries like the United States and Canada encourage investment in the hospital infrastructure, contributing to market growth.
Asia Pacific stands out as the fastest-growing region in the hospital beds market. Several factors contribute to this rapid growth. Firstly, the region’s large population, particularly in countries like China and India, creates a significant demand for healthcare services, including hospital beds.
Moreover, economic development and rising disposable incomes in many Asian countries have led to increased healthcare spending, driving the expansion of healthcare infrastructure, including hospitals and clinics, and consequently, the demand for hospital beds.
Additionally, the prevalence of chronic diseases is on the rise in the region, further fueling the demand for hospital beds. Furthermore, government initiatives aimed at improving healthcare access and infrastructure in countries like India and China are expected to accelerate market growth in the Asia Pacific region.
Hospital Beds Market: Recent Developments
- December 2021: Baxter, a leading medical technology company, acquired Hillrom This acquisition strengthens Baxter’s position in the healthcare market and potentially broadens their hospital bed offerings.
- June 2020: Stryker, another major medical equipment manufacturer, announced the opening of their Global Technology Centre (SGTC) in India [Source: Ken Research]. This expansion suggests Stryker’s commitment to research and development, which could lead to advancements in hospital bed technology.
List of the prominent players in the Hospital Beds Market:
- Hill-Rom Holdings Inc.
- Stryker Corporation
- Getinge AB
- LINAK A/S
- Draegerwerk AG & Co. KGaA
- Invacare Corporation
- Paramount Bedding Co. Inc.
- Span-America Medical Products Inc.
- Stiegelmeyer GmbH & Co. KG
- Kardex Sorter AB
- Mindray Medical International Limited
- Sologic Inc.
- Natus Medical Incorporated
- Ergotron Inc
- Techtronic Industries Company Limited
- Becton, Dickinson and Company
- Philips Koninklijke N.V.
- WEG Equipamentos S.A.
- TRUMPF Group
- Koelnmesse GmbH
- Others
These key players are adopting various organic and inorganic growth strategies such as mergers & acquisitions, joint ventures, expansion, strategic alliances, new product launches, etc. to enhance their business operations and revenues.
The Hospital Beds Market is segmented as follows:
By Type
- Electric Beds
- Semi-electric Beds
- Manual Beds
By Usage
- Acute Care Beds
- Psychiatric Care Beds
- Long-term Care Beds
- Other Beds (Maternity and Bariatric Beds)
By Application
- Intensive Care Beds
- Non-intensive Care Beds
By End User
- Hospitals
- Home Care Settings
- Elderly Care Facilities
Regional Coverage:
North America
- U.S.
- Canada
- Mexico
- Rest of North America
Europe
- Germany
- France
- U.K.
- Russia
- Italy
- Spain
- Netherlands
- Rest of Europe
Asia Pacific
- China
- Japan
- India
- New Zealand
- Australia
- South Korea
- Taiwan
- Rest of Asia Pacific
The Middle East & Africa
- Saudi Arabia
- UAE
- Egypt
- Kuwait
- South Africa
- Rest of the Middle East & Africa
Latin America
- Brazil
- Argentina
- Rest of Latin America
Table of Contents
- Chapter 1. Preface
- 1.1 Report Description and Scope
- 1.2 Research scope
- 1.3 Research methodology
- 1.3.1 Market Research Type
- 1.3.2 Market Research Methodology
- Chapter 2. Executive Summary
- 2.1 Global Hospital Beds Market, (2024 – 2033) (USD Million)
- 2.2 Global Hospital Beds Market: snapshot
- Chapter 3. Global Hospital Beds Market – Industry Analysis
- 3.1 Hospital Beds Market: Market Dynamics
- 3.2 Market Drivers
- 3.2.1 Aging Population and Increasing Healthcare Needs
- 3.2.2 Advancements in Technology and Healthcare Infrastructure
- 3.3 Market Restraints
- 3.4 Market Opportunities
- 3.5 Market Challenges
- 3.6 Porter’s Five Forces Analysis
- 3.7 Market Attractiveness Analysis
- 3.7.1 Market Attractiveness Analysis By Type
- 3.7.2 Market Attractiveness Analysis By Usage
- 3.7.3 Market Attractiveness Analysis By Application
- 3.7.4 Market Attractiveness Analysis By End User
- Chapter 4. Global Hospital Beds Market- Competitive Landscape
- 4.1 Company market share analysis
- 4.1.1 Global Hospital Beds Market: Company Market Share, 2023
- 4.2 Strategic development
- 4.2.1 Acquisitions & mergers
- 4.2.2 New Product launches
- 4.2.3 Agreements, partnerships, cullaborations, and joint ventures
- 4.2.4 Research and development and Regional expansion
- 4.3 Price trend analysis
- 4.1 Company market share analysis
- Chapter 5. Global Hospital Beds Market – Type Analysis
- 5.1 Global Hospital Beds Market Overview: By Type
- 5.1.1 Global Hospital Beds Market Share, By Type, 2023 and 2033
- 5.2 Electric Beds
- 5.2.1 Global Hospital Beds Market by Electric Beds, 2024 – 2033 (USD Million)
- 5.3 Semi-electric Beds
- 5.3.1 Global Hospital Beds Market by Semi-electric Beds, 2024 – 2033 (USD Million)
- 5.4 Manual Beds
- 5.4.1 Global Hospital Beds Market by Manual Beds, 2024 – 2033 (USD Million)
- 5.1 Global Hospital Beds Market Overview: By Type
- Chapter 6. Global Hospital Beds Market – Usage Analysis
- 6.1 Global Hospital Beds Market Overview: By Usage
- 6.1.1 Global Hospital Beds Market Share, By Usage, 2023 and 2033
- 6.2 Acute Care Beds
- 6.2.1 Global Hospital Beds Market by Acute Care Beds, 2024 – 2033 (USD Million)
- 6.3 Psychiatric Care Beds
- 6.3.1 Global Hospital Beds Market by Psychiatric Care Beds, 2024 – 2033 (USD Million)
- 6.4 Long-term Care Beds
- 6.4.1 Global Hospital Beds Market by Long-term Care Beds, 2024 – 2033 (USD Million)
- 6.5 Other Beds (Maternity and Bariatric Beds)
- 6.5.1 Global Hospital Beds Market by Other Beds (Maternity and Bariatric Beds), 2024 – 2033 (USD Million)
- 6.1 Global Hospital Beds Market Overview: By Usage
- Chapter 7. Global Hospital Beds Market – Application Analysis
- 7.1 Global Hospital Beds Market overview: By Application
- 7.1.1 Global Hospital Beds Market share, By Application, 2023 and 2033
- 7.2 Intensive Care Beds
- 7.2.1 Global Hospital Beds Market by Intensive Care Beds, 2024 – 2033 (USD Million)
- 7.3 Non-intensive Care Beds
- 7.3.1 Global Hospital Beds Market by Non-intensive Care Beds, 2024 – 2033 (USD Million)
- 7.1 Global Hospital Beds Market overview: By Application
- Chapter 8. Global Hospital Beds Market – End User Analysis
- 8.1 Global Hospital Beds Market Overview: By End User
- 8.1.1 Global Hospital Beds Market Share, By End User, 2023 and 2033
- 8.2 Hospitals
- 8.2.1 Global Hospital Beds Market by Hospitals, 2024 – 2033 (USD Million)
- 8.3 Home Care Settings
- 8.3.1 Global Hospital Beds Market by Home Care Settings, 2024 – 2033 (USD Million)
- 8.4 Elderly Care Facilities
- 8.4.1 Global Hospital Beds Market by Elderly Care Facilities, 2024 – 2033 (USD Million)
- 8.1 Global Hospital Beds Market Overview: By End User
- Chapter 9. Hospital Beds Market – Regional Analysis
- 9.1 Global Hospital Beds Market Regional Overview
- 9.2 Global Hospital Beds Market Share, by Region, 2023 & 2033 (USD Million)
- 9.3. North America
- 9.3.1 North America Hospital Beds Market, 2024 – 2033 (USD Million)
- 9.3.1.1 North America Hospital Beds Market, by Country, 2024 – 2033 (USD Million)
- 9.3.1 North America Hospital Beds Market, 2024 – 2033 (USD Million)
- 9.4 North America Hospital Beds Market, by Type, 2024 – 2033
- 9.4.1 North America Hospital Beds Market, by Type, 2024 – 2033 (USD Million)
- 9.5 North America Hospital Beds Market, by Usage, 2024 – 2033
- 9.5.1 North America Hospital Beds Market, by Usage, 2024 – 2033 (USD Million)
- 9.6 North America Hospital Beds Market, by Application, 2024 – 2033
- 9.6.1 North America Hospital Beds Market, by Application, 2024 – 2033 (USD Million)
- 9.7 North America Hospital Beds Market, by End User, 2024 – 2033
- 9.7.1 North America Hospital Beds Market, by End User, 2024 – 2033 (USD Million)
- 9.8. Europe
- 9.8.1 Europe Hospital Beds Market, 2024 – 2033 (USD Million)
- 9.8.1.1 Europe Hospital Beds Market, by Country, 2024 – 2033 (USD Million)
- 9.8.1 Europe Hospital Beds Market, 2024 – 2033 (USD Million)
- 9.9 Europe Hospital Beds Market, by Type, 2024 – 2033
- 9.9.1 Europe Hospital Beds Market, by Type, 2024 – 2033 (USD Million)
- 9.10 Europe Hospital Beds Market, by Usage, 2024 – 2033
- 9.10.1 Europe Hospital Beds Market, by Usage, 2024 – 2033 (USD Million)
- 9.11 Europe Hospital Beds Market, by Application, 2024 – 2033
- 9.11.1 Europe Hospital Beds Market, by Application, 2024 – 2033 (USD Million)
- 9.12 Europe Hospital Beds Market, by End User, 2024 – 2033
- 9.12.1 Europe Hospital Beds Market, by End User, 2024 – 2033 (USD Million)
- 9.13. Asia Pacific
- 9.13.1 Asia Pacific Hospital Beds Market, 2024 – 2033 (USD Million)
- 9.13.1.1 Asia Pacific Hospital Beds Market, by Country, 2024 – 2033 (USD Million)
- 9.13.1 Asia Pacific Hospital Beds Market, 2024 – 2033 (USD Million)
- 9.14 Asia Pacific Hospital Beds Market, by Type, 2024 – 2033
- 9.14.1 Asia Pacific Hospital Beds Market, by Type, 2024 – 2033 (USD Million)
- 9.15 Asia Pacific Hospital Beds Market, by Usage, 2024 – 2033
- 9.15.1 Asia Pacific Hospital Beds Market, by Usage, 2024 – 2033 (USD Million)
- 9.16 Asia Pacific Hospital Beds Market, by Application, 2024 – 2033
- 9.16.1 Asia Pacific Hospital Beds Market, by Application, 2024 – 2033 (USD Million)
- 9.17 Asia Pacific Hospital Beds Market, by End User, 2024 – 2033
- 9.17.1 Asia Pacific Hospital Beds Market, by End User, 2024 – 2033 (USD Million)
- 9.18. Latin America
- 9.18.1 Latin America Hospital Beds Market, 2024 – 2033 (USD Million)
- 9.18.1.1 Latin America Hospital Beds Market, by Country, 2024 – 2033 (USD Million)
- 9.18.1 Latin America Hospital Beds Market, 2024 – 2033 (USD Million)
- 9.19 Latin America Hospital Beds Market, by Type, 2024 – 2033
- 9.19.1 Latin America Hospital Beds Market, by Type, 2024 – 2033 (USD Million)
- 9.20 Latin America Hospital Beds Market, by Usage, 2024 – 2033
- 9.20.1 Latin America Hospital Beds Market, by Usage, 2024 – 2033 (USD Million)
- 9.21 Latin America Hospital Beds Market, by Application, 2024 – 2033
- 9.21.1 Latin America Hospital Beds Market, by Application, 2024 – 2033 (USD Million)
- 9.22 Latin America Hospital Beds Market, by End User, 2024 – 2033
- 9.22.1 Latin America Hospital Beds Market, by End User, 2024 – 2033 (USD Million)
- 9.23. The Middle-East and Africa
- 9.23.1 The Middle-East and Africa Hospital Beds Market, 2024 – 2033 (USD Million)
- 9.23.1.1 The Middle-East and Africa Hospital Beds Market, by Country, 2024 – 2033 (USD Million)
- 9.23.1 The Middle-East and Africa Hospital Beds Market, 2024 – 2033 (USD Million)
- 9.24 The Middle-East and Africa Hospital Beds Market, by Type, 2024 – 2033
- 9.24.1 The Middle-East and Africa Hospital Beds Market, by Type, 2024 – 2033 (USD Million)
- 9.25 The Middle-East and Africa Hospital Beds Market, by Usage, 2024 – 2033
- 9.25.1 The Middle-East and Africa Hospital Beds Market, by Usage, 2024 – 2033 (USD Million)
- 9.26 The Middle-East and Africa Hospital Beds Market, by Application, 2024 – 2033
- 9.26.1 The Middle-East and Africa Hospital Beds Market, by Application, 2024 – 2033 (USD Million)
- 9.27 The Middle-East and Africa Hospital Beds Market, by End User, 2024 – 2033
- 9.27.1 The Middle-East and Africa Hospital Beds Market, by End User, 2024 – 2033 (USD Million)
- Chapter 10. Company Profiles
- 10.1 Hill-Rom Holdings Inc.
- 10.1.1 Overview
- 10.1.2 Financials
- 10.1.3 Product Portfolio
- 10.1.4 Business Strategy
- 10.1.5 Recent Developments
- 10.2 Stryker Corporation
- 10.2.1 Overview
- 10.2.2 Financials
- 10.2.3 Product Portfolio
- 10.2.4 Business Strategy
- 10.2.5 Recent Developments
- 10.3 Getinge AB
- 10.3.1 Overview
- 10.3.2 Financials
- 10.3.3 Product Portfolio
- 10.3.4 Business Strategy
- 10.3.5 Recent Developments
- 10.4 LINAK A/S
- 10.4.1 Overview
- 10.4.2 Financials
- 10.4.3 Product Portfolio
- 10.4.4 Business Strategy
- 10.4.5 Recent Developments
- 10.5 Draegerwerk AG & Co. KGaA
- 10.5.1 Overview
- 10.5.2 Financials
- 10.5.3 Product Portfolio
- 10.5.4 Business Strategy
- 10.5.5 Recent Developments
- 10.6 Invacare Corporation
- 10.6.1 Overview
- 10.6.2 Financials
- 10.6.3 Product Portfolio
- 10.6.4 Business Strategy
- 10.6.5 Recent Developments
- 10.7 Paramount Bedding Co. Inc.
- 10.7.1 Overview
- 10.7.2 Financials
- 10.7.3 Product Portfolio
- 10.7.4 Business Strategy
- 10.7.5 Recent Developments
- 10.8 Span-America Medical Products Inc.
- 10.8.1 Overview
- 10.8.2 Financials
- 10.8.3 Product Portfolio
- 10.8.4 Business Strategy
- 10.8.5 Recent Developments
- 10.9 Stiegelmeyer GmbH & Co. KG
- 10.9.1 Overview
- 10.9.2 Financials
- 10.9.3 Product Portfolio
- 10.9.4 Business Strategy
- 10.9.5 Recent Developments
- 10.10 Kardex Sorter AB
- 10.10.1 Overview
- 10.10.2 Financials
- 10.10.3 Product Portfolio
- 10.10.4 Business Strategy
- 10.10.5 Recent Developments
- 10.11 Mindray Medical International Limited
- 10.11.1 Overview
- 10.11.2 Financials
- 10.11.3 Product Portfolio
- 10.11.4 Business Strategy
- 10.11.5 Recent Developments
- 10.12 Sologic Inc.
- 10.12.1 Overview
- 10.12.2 Financials
- 10.12.3 Product Portfolio
- 10.12.4 Business Strategy
- 10.12.5 Recent Developments
- 10.13 Natus Medical Incorporated
- 10.13.1 Overview
- 10.13.2 Financials
- 10.13.3 Product Portfolio
- 10.13.4 Business Strategy
- 10.13.5 Recent Developments
- 10.14 Ergotron Inc
- 10.14.1 Overview
- 10.14.2 Financials
- 10.14.3 Product Portfolio
- 10.14.4 Business Strategy
- 10.14.5 Recent Developments
- 10.15 Techtronic Industries Company Limited
- 10.15.1 Overview
- 10.15.2 Financials
- 10.15.3 Product Portfolio
- 10.15.4 Business Strategy
- 10.15.5 Recent Developments
- 10.16 Becton Dickinson and Company
- 10.16.1 Overview
- 10.16.2 Financials
- 10.16.3 Product Portfolio
- 10.16.4 Business Strategy
- 10.16.5 Recent Developments
- 10.17 Philips Koninklijke N.V.
- 10.17.1 Overview
- 10.17.2 Financials
- 10.17.3 Product Portfolio
- 10.17.4 Business Strategy
- 10.17.5 Recent Developments
- 10.18 WEG Equipamentos S.A.
- 10.18.1 Overview
- 10.18.2 Financials
- 10.18.3 Product Portfolio
- 10.18.4 Business Strategy
- 10.18.5 Recent Developments
- 10.19 TRUMPF Group
- 10.19.1 Overview
- 10.19.2 Financials
- 10.19.3 Product Portfolio
- 10.19.4 Business Strategy
- 10.19.5 Recent Developments
- 10.20 Koelnmesse GmbH
- 10.20.1 Overview
- 10.20.2 Financials
- 10.20.3 Product Portfolio
- 10.20.4 Business Strategy
- 10.20.5 Recent Developments
- 10.21 Others.
- 10.21.1 Overview
- 10.21.2 Financials
- 10.21.3 Product Portfolio
- 10.21.4 Business Strategy
- 10.21.5 Recent Developments
- 10.1 Hill-Rom Holdings Inc.
List Of Figures
Figures No 1 to 30
List Of Tables
Tables No 1 to 102
Report Methodology
In order to get the most precise estimates and forecasts possible, Custom Market Insights applies a detailed and adaptive research methodology centered on reducing deviations. For segregating and assessing quantitative aspects of the market, the company uses a combination of top-down and bottom-up approaches. Furthermore, data triangulation, which examines the market from three different aspects, is a recurring theme in all of our research reports. The following are critical components of the methodology used in all of our studies:
Preliminary Data Mining
On a broad scale, raw market information is retrieved and compiled. Data is constantly screened to make sure that only substantiated and verified sources are taken into account. Furthermore, data is mined from a plethora of reports in our archive and also a number of reputed & reliable paid databases. To gain a detailed understanding of the business, it is necessary to know the entire product life cycle and to facilitate this, we gather data from different suppliers, distributors, and buyers.
Surveys, technological conferences, and trade magazines are used to identify technical issues and trends. Technical data is also gathered from the standpoint of intellectual property, with a focus on freedom of movement and white space. The dynamics of the industry in terms of drivers, restraints, and valuation trends are also gathered. As a result, the content created contains a diverse range of original data, which is then cross-validated and verified with published sources.
Statistical Model
Simulation models are used to generate our business estimates and forecasts. For each study, a one-of-a-kind model is created. Data gathered for market dynamics, the digital landscape, development services, and valuation patterns are fed into the prototype and analyzed concurrently. These factors are compared, and their effect over the projected timeline is quantified using correlation, regression, and statistical modeling. Market forecasting is accomplished through the use of a combination of economic techniques, technical analysis, industry experience, and domain knowledge.
Short-term forecasting is typically done with econometric models, while long-term forecasting is done with technological market models. These are based on a synthesis of the technological environment, legal frameworks, economic outlook, and business regulations. Bottom-up market evaluation is favored, with crucial regional markets reviewed as distinct entities and data integration to acquire worldwide estimates. This is essential for gaining a thorough knowledge of the industry and ensuring that errors are kept to a minimum.
Some of the variables taken into account for forecasting are as follows:
• Industry drivers and constraints, as well as their current and projected impact
• The raw material case, as well as supply-versus-price trends
• Current volume and projected volume growth through 2033
We allocate weights to these variables and use weighted average analysis to determine the estimated market growth rate.
Primary Validation
This is the final step in our report’s estimating and forecasting process. Extensive primary interviews are carried out, both in-person and over the phone, to validate our findings and the assumptions that led to them.
Leading companies from across the supply chain, including suppliers, technology companies, subject matter experts, and buyers, use techniques like interviewing to ensure a comprehensive and non-biased overview of the business. These interviews are conducted all over the world, with the help of local staff and translators, to overcome language barriers.
Primary interviews not only aid with data validation, but also offer additional important insight into the industry, existing business scenario, and future projections, thereby improving the quality of our reports.
All of our estimates and forecasts are validated through extensive research work with key industry participants (KIPs), which typically include:
• Market leaders
• Suppliers of raw materials
• Suppliers of raw materials
• Buyers.
The following are the primary research objectives:
• To ensure the accuracy and acceptability of our data.
• Gaining an understanding of the current market and future projections.
Data Collection Matrix
| Perspective | Primary research | Secondary research |
| Supply-side |
|
|
| Demand-side |
|
|
Market Analysis Matrix
| Qualitative analysis | Quantitative analysis |
|
|
Prominent Player
- Hill-Rom Holdings Inc.
- Stryker Corporation
- Getinge AB
- LINAK A/S
- Draegerwerk AG & Co. KGaA
- Invacare Corporation
- Paramount Bedding Co. Inc.
- Span-America Medical Products Inc.
- Stiegelmeyer GmbH & Co. KG
- Kardex Sorter AB
- Mindray Medical International Limited
- Sologic Inc.
- Natus Medical Incorporated
- Ergotron Inc
- Techtronic Industries Company Limited
- Becton, Dickinson and Company
- Philips Koninklijke N.V.
- WEG Equipamentos S.A.
- TRUMPF Group
- Koelnmesse GmbH
- Others
FAQs
The Aging Population and Increasing Healthcare Needs is major driver in global Hospital Beds market.
The High Cost of Advanced Hospital Beds is major restraint in global Hospital Beds market.
The “Electric Beds” category dominated the market in 2023.
The key players in the market are Hill-Rom Holdings Inc., Stryker Corporation, Getinge AB, LINAK A/S, Draegerwerk AG & Co. KGaA, Invacare Corporation, Paramount Bedding Co. Inc., Span-America Medical Products Inc., Stiegelmeyer GmbH & Co. KG, Kardex Sorter AB, Mindray Medical International Limited, Sologic Inc., Natus Medical Incorporated, Ergotron Inc, Techtronic Industries Company Limited, Becton, Dickinson and Company, Philips Koninklijke N.V., WEG Equipamentos S.A., TRUMPF Group, Koelnmesse GmbH, Others.
“North America” had the largest share in the Hospital Beds Market.
The global market is projected to grow at a CAGR of 6.99% during the forecast period, 2024-2033.
The Hospital Beds Market size was valued at USD 4,509.5 Million in 2024.