Hospital Bed Market Share & Size | Global Report Forecast 2028

Hospital Bed Market Forecast to 2028 - COVID-19 Impact and Global Analysis By Type (Semi-Electric Beds, Electric Beds, and Manual Beds), Usage (Acute Care Beds, Long-Term Care Beds, Psychiatric Care Beds, and Others), Application (Non-Intensive Care Beds and Intensive Care Beds), and End User (Hospitals & Clinics, Elderly Care Facilities, Ambulatory Surgical Centers, and Home Care Settings)

Publication Month : Aug 2022

  • Report Code : TIPRE00029326
  • Category : Consumer Goods
  • Status : Published
  • No. of Pages : 201
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The hospital bed market is expected to grow from US$ 3,214.96 million in 2021 to US$ 4,688.96 million by 2028; it is estimated to grow at a CAGR of 5.7% from 2022 to 2028.

The rising prevalence of chronic diseases and growing preference for highly equipped hospital beds with innovative features are driving the overall market growth. Further, home healthcare services for the geriatric population and postoperative care provide lucrative opportunities to the market players.

According to the National Health Council report, ~40 million Americans face constraints in their routine activities as they suffer from one or more chronic health conditions. Incurable chronic diseases affect ~133 million Americans, representing more than 40% of the total population as per the published report in 2019. Many people are living with one or more chronic illnesses, such as diabetes, heart disease, or depression, but with two or more conditions. Such a high prevalence of chronic diseases may result in a greater requirement for hospitalization, which drives the demand for hospital beds. According to the estimates presented in a report by the Department of Health & Children, ~80% of the general practitioners’ (GP) consultations and 60% of hospital bed requirements are related to chronic disease cases with associated complications. As per a report by the Data and Digital Health Unit, acute care hospital beds are available for curative care, accounting for 100,000 beds per population in Europe. Patients are accommodated on these beds for managing labor (obstetrics), curing nonmental illness or providing definitive treatments to injuries, performing surgeries, and relieving symptoms of nonmental illnesses, among others. ~75% of the healthcare expenditure is allocated to managing chronic diseases every year in the US. According to estimates provided in the Department of Health & Children report, ~8 of the top 11 causes of hospitalizations in the UK are associated with chronic diseases, and 5% of the inpatients are aligned with long-term conditions, occupying ~42% of hospital beds.

Diabetes and heart diseases, among other chronic conditions, are the leading causes of death and disability in the US. For example, in 2019, obesity and high blood pressure were the most common chronic conditions in California, which affected more than one in four adults in the state. Moreover, hospital admission rates were high among people suffering from chronic conditions, accounting for 700 hospitalizations per 100,000 people in California. Thus, the growing prevalence of chronic conditions is favoring the overall growth of the global hospital bed market

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Hospital Bed Market: Strategic Insights

hospital-bed-market
Market Size Value inUS$ 3,214.96 Million in 2021
Market Size Value byUS$ 4,688.96 Million by 2028
Growth rateCAGR of 5.7% from 2022 to 2028
Forecast Period2022-2028
Base Year2022
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The bedsores or pressure sores associated with hospital bed act as a major restraint for the hospital bed market. According to an NIH report, decubitus ulcer is a common and serious problem among inpatients lying on hospital beds for long durations. For example, if a patient is in sleep mode for a long time and the pressure of their body weight crosses a certain point, it results in bruises and ultimately incurable wounds. Therefore, hospital staff has to rotate these patients on their beds regularly to prevent ulcer formation. Bedsores rank third among the costliest disorders, after cancer and cardiovascular disease globally. For instance, according to estimates provided in the NIH report, bedsore wounds affect more than 3 million adults globally. Furthermore, acute care and longer-term rehabilitation facilities struggle with risks associated with bedsores among in-patient admissions. For example, as stated in the NursingHomeAbuseGuide.org report, not less than 150,000 patients or residents in the US would experience pressure sores (some stages) in the coming years.

Regional Overview

Europe holds the largest share of the global hospital bed market. Among the EU Member States, Germany records the highest number of hospital beds, with considerable revenue and growth. Recent OECD 2020 data confirms that Germany has the highest number of ICU beds. Before the onset of the pandemic, Germany had 28,000 intensive care beds, i.e., more than most of its neighboring countries. During the first SARS-CoV-2 pandemic wave (as of April 18, 2020), 12,336 ICU beds (or 41% of the available ICU beds capacity) were still vacant in the country. To manage this health crisis, the German government emphasized primary and secondary prevention, and adding beds to existing ICU capacity was undertaken as a tertiary prevention measure. The German government added ~7,000 beds as of April 27, 2020. The hospital bed market in the UK is expected to grow with the rising number of surgeries, including cardiac, orthopedic, and trauma surgeries.

Type-Based Insights

Based on type, the global hospital bed market is segmented into semi-electric, electric, and manual. The electric bed segment is estimated to register the highest CAGR from 2022 to 2028. Electric Beds are gaining high traction in the market. These beds also feature an optional therapeutic massage function for bed-bound patients managed by remote control, which aids in circulation and helps prevent bedsores and joint pain. The function is enabled as an inbuilt feature in the mattress. Moreover, caregivers and patients don’t need to make frequent adjustments or worry about losing support during the night. In August 2022, Hāwera Hospital purchased 20 new beds from the M9 range of Howard Wright, which is a Taranaki-based medical bed designer and manufacturer. With the help of these beds, hospital staff could make patients feel more comfortable, eliminating the need for lifting them. The M9 beds provide full electric controls for their adjustments to various heights and positions. Zenith9100, Invacare Full-Electric Homecare Bed, and DELTA 4 range are among other electric hospital beds available in the market.

Hospital Bed Market, by Type – 2021 and 2028

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Companies operating in the global hospital bed market adopt the product innovation strategy to meet the evolving customer demands across the world, which also permits them to maintain their brand name in the market.

Global Hospital Bed Market – Segmentation

Based on type, the global hospital bed market is segmented into semi-electric beds, electric beds, and manual beds. The semi-electric beds segment accounted for the largest market share in 2021. However, the electric beds segment accounts for registering the highest CAGR from 2022 to 2028. Based on usage, the global hospital bed market is segregated into acute care beds, long-term care beds, psychiatric care beds, and others. The acute care beds segment led the market in 2021 and is expected to retain its dominance during the forecast period. Based on application, the global hospital bed market is bifurcated into non-intensive care beds and intensive care beds. The non-intensive care beds segment led the market in 2021 and is expected to retain its dominance during the forecast period. Based on end user, the market is segregated into hospitals & clinics, elderly care facilities, ambulatory surgical centers, and home care settings. Based on geography, the global hospital bed market is primarily segmented into North America, Europe, Asia Pacific, the Middle East & Africa, and South & Central America.

Company Profiles

  • Hill-Rom Holdings, Inc. (Baxter)
  • Stryker
  • Arjo
  • Invacare Corporation
  • PARAMOUNT BED CO., LTD.
  • GF Health Products, Inc.
  • Malvestio SpA
  • Span America (Savaria Corporation)
  • Savion Industries
  • Stiegelmever GmbH & Co. KG.
  • Medstrom
Report Coverage
Report Coverage

Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends

Segment Covered
Segment Covered

Type, Usage, Application, and End User

Regional Scope
Regional Scope

North America, Europe, Asia Pacific, Middle East & Africa, South & Central America

Country Scope
Country Scope

Argentina, Australia, Brazil, Canada, China, France, Germany, India, Italy, Japan, Mexico, Saudi Arabia, South Africa, South Korea, Spain, United Arab Emirates, United Kingdom, United States

Frequently Asked Questions


What is the regional market scenario of the hospital bed market?

Global hospital bed market is segmented by region into North America, Europe, Asia Pacific, South & Central America, and Middle East & Africa. Geographically, Europe accounted for the largest share of the global hospital bed market in 2021, followed by North America. Compared to this, Asia-Pacific is expected to grow at the highest CAGR in the forecast period.

Which end user segment held the largest market share in the hospital bed market?

The hospitals & clinics segment dominated the global hospital bed market and accounted for the largest market share of 46.36% in 2021.

Who are the key players in the hospital bed market?

Hill-Rom Holdings (Baxter); Stryker Corporation; Arjo; Invacare Corporation; GF Health Products; Span America (Sarvaria Corporation); STIEGELMEYER GMBH AND CO. KG; Savion Industries; Malvestio SpA; and Paramount Bed Holdings are among the leading companies operating in the global hospital bed market.

Which application segment led the hospital bed market?

Based on application, non-intensive segment held the largest share of the market in 2021 and is expected to continue to do so till the forecast period.

What are the driving factors for the hospital bed market across the globe?

Rising prevalence of chronic diseases and growing preference for highly equipped hospital beds with innovative features are the major factors driving the growth of the market.

Which product segment held the largest market share in the hospital bed market?

Based on products, semi-electric beds segment held the largest share of the market in 2021; however, the electric beds segment is anticipated to register the highest CAGR during the forecast period.

What is meant by the hospital bed market?

Hospital bed is a critical component of healthcare facilities, regardless of the region or country. A wide range of hospital beds is available globally, offering enhanced ergonomics, comfort, safety, and easy use. Several factors, such as the rise in the elderly population associated with an increased risk of developing chronic diseases, increase the hospitalization rate.

The List of Companies - Hospital Bed Market

  1. Hill-Rom Holdings, Inc. (Baxter)
  2. Stryker
  3. Arjo
  4. Invacare Corporation
  5. PARAMOUNT BED CO., LTD.
  6. GF Health Products, Inc.
  7. Malvestio SpA
  8. Span America (Savaria Corporation)
  9. Savion Industries
  10. Stiegelmeyer GmbH & Co. KG
  11. Medstrom

The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.

  1. Data Collection and Secondary Research:

As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.

Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.

  1. Primary Research:

The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.

For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.

A typical research interview fulfils the following functions:

  • Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
  • Validates and strengthens in-house secondary research findings
  • Develops the analysis team’s expertise and market understanding

Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:

  • Industry participants: VPs, business development managers, market intelligence managers and national sales managers
  • Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.

Below is the breakup of our primary respondents by company, designation, and region:

Research Methodology

Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.

  1. Data Analysis:

Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.

  • 3.1 Macro-Economic Factor Analysis:

We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.

  • 3.2 Country Level Data:

Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.

  • 3.3 Company Profile:

The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.

  • 3.4 Developing Base Number:

Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.

  1. Data Triangulation and Final Review:

The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.

We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.

We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.

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