Hospital Bed Market Report 2025 (Global Edition)

Global Hospital Bed Market Report 2025 Market Size Split by Type Outlook: (Electric Beds, Semi-electric Beds, Manual Beds), by Application Outlook: (Intensive Care Beds, Non-intensive Care Beds), by E...

Hospital Bed Market Report Description

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Competitive Landscape of the Hospital Bed Market

The hospital bed industry is highly competitive; key competitors in the hospital bed industry compete fiercely with one another. Businesses use innovation to compete by launching cutting-edge features like ergonomic designs and smart technologies. Additionally, expanding product portfolios and improving market presence are two benefits of strategic mergers and acquisitions. By meeting local needs, regional firms compete for market share as well. Crucial elements also include competitive pricing, solid distribution networks, and excellent customer support services. The competitive landscape is further shaped by ongoing R&D and adherence to regulatory standards, which propel market expansion.

In May 2024, Invacare Holdings Corporation and MIGA Holdings LLC announced that MIGA had acquired Invacare’s North American business. Through the acquisition, Invacare will be better positioned to streamline its business processes and spur expansion in North America. By making this change, Invacare will be able to meet the demands of its clients better and solidify its position as the industry leader in healthcare mobility. (Source: https://global.invacare.com/news/invacare-holdings-corporation-and-miga-holdings-llc-announce-migas-acquisition-of-invacares-north-american-business/) In December 2023, Stryker recently inaugurated its Neurovascular lab, a cutting-edge facility intended to spur stroke-related innovation in the Asia Pacific. The Keystone Suite, housed in the Stryker Global Technology Center (SGTC) in International Park in Gurgaon, India, will facilitate communication between cross-functional teams, product development engineers, customers, and other important stakeholders. (Source: https://www.stryker.com/in/en/about/news/2022/stryker-launches-state-of-the-art-neurovascular-r-d-lab-with-adv.html) In October 2024, Medline announced that it and PIH Health, a healthcare network based in California, have extended their prime vendor relationship. The new deal will extend Medline’s distribution services and solutions to the entire system of laboratories, outpatient physician offices, and post-acute care facilities. Medline has been the sole distributor of medical and surgical supplies throughout PIH Health’s inpatient acute care hospitals for over a decade. (Source: https://newsroom.medline.com/releases/pih-health-medline-expand-prime-vendor-partnership-to-service-all-points-of-care/)

Top Companies Market Share in Hospital Bed Industry: (In no particular order of Rank)

• Stryker Corporation
• Invacare Corporation
• PARAMOUNT BED CO. LTD.
• Medline Industries Inc.
• Baxter International (Hillrom)
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*List of Second Tier Companies, List of Third Tier/ Start-up Companies (Inquire with sales executive) Request Any Company Profile for Preview Purpose OR Data Validation!

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Regional Analysis of the Hospital Bed Market

Which Region Dominates the Hospital Bed Market in 2024?

According to Cognitive Market Research, North America currently dominates the hospital bed market, and the region is expected to have significant growth during the projected period. This is due to the area’s advanced healthcare infrastructure, widespread use of cutting-edge medical technology, aging population, large healthcare expenditures, and the existence of large manufacturers. Additionally, the region’s need for sophisticated and technologically advanced hospital beds is driven by the emphasis on enhancing patient care and hospital facilities.

Which Region is Expanding at the Fastest CAGR?

Asia-Pacific is expected to make significant gains during the projected period, with the greatest compound annual growth rate (CAGR) due to fast economic growth, aging populations, rising rates of chronic illnesses, increased healthcare spending, growing demand for cutting-edge medical technologies in nations like China and India, and expanding healthcare infrastructure. Higher investments in healthcare technology and easier access to advanced medical devices are also major factors propelling the growth of the hospital bed market in the area.

The current report Scope analyzes Hospital Bed Market on 5 major region Split (In case you wish to acquire a specific region edition (more granular data) or any country Edition data then please write us on info@cognitivemarketresearch.com

• North America (United States, Canada, Mexico)
• Europe (United Kingdom, France, Germany, Italy, Russia, Spain, Sweden, Denmark, Switzerland, Luxembourg, Rest of Europe)
• Asia Pacific (China, Japan, South Korea, India, Australia, Singapore, Taiwan, South East Asia, Rest of APAC)
• Latin America (Brazil, Argentina, Colombia, Peru, Chile, Rest of South America)
• Middle East (Saudi Arabia, Turkey, UAE, Egypt, Qatar, Rest of Middle East)
• Africa (Nigeria, South Africa, Rest of Africa)

The above graph is for illustrative purposes only.

North America Hospital Bed Market Analysis

According to Cognitive Market Research, the global Hospital bed market size was estimated at USD 4215.5 Million, out of which North America held the major market share of more than 40% of the global revenue with a market size of USD 1686.20 million in 2024 and will grow at a compound annual growth rate (CAGR) of 4.2% from 2024 to 2031.

• According to Cognitive Market Research, the US had a major share in the Hospital bed market with a market size of USD 1330.41million in 2024 and is projected to grow at a CAGR of 4.0% during the forecast period. The U.S. market's stringent governmental regulations against healthcare.
• The Canada-hospital bed market had a market share of USD 202.34 million in 2024 and is projected to grow at a CAGR of 5.0% during the forecast period. Canada’s rising chronic illness awareness among the population.
• The Mexico hospital bed market is projected to witness growth at a CAGR of 4.7% during the forecast period, with a market size of USD 153.44 million in 2024.

Europe Hospital Bed Market Analysis

According to Cognitive Market Research, the global Hospital bed market size was estimated at USD 4215.5 Million, out of which Europe held the market share of more than 30% of the global revenue with a market size of USD 1264.65 million in 2024 and will grow at a compound annual growth rate (CAGR) of 4.5% from 2024 to 2031.

• The United Kingdom Hospital bed market had a market share of USD 212.46 million in 2024 and is projected to grow at a CAGR of 5.3% during the forecast period. In the UK, Hospital bed sales witnessed an upswing due to the increasing focus on health care.
• The France-hospital bed market is projected to witness growth at a CAGR of 3.7% during the forecast period, with a market size of USD 116.35 million in 2024.
• According to Cognitive Market Research, the German hospital bed market size was valued at USD 250.40 million in 2024 and is projected to grow at a CAGR of 4.7% during the forecast period. In Germany, hospital beds have surged due to the presence of major market players.
• The Italy Hospital bed market is projected to witness growth at a CAGR of 3.9% during the forecast period, with a market size of USD 108.76 million in 2024.
• The Russian Hospital bed market is projected to witness growth at a CAGR of 3.5% during the forecast period, with a market size of USD 196.02 million in 2024.
• The Spain Hospital bed market is projected to witness growth at a CAGR of 3.6% during the forecast period with a market size of USD 103.70 million in 2024
• The Luxembourg Hospital bed market is projected to witness growth at a CAGR of 4.6% during the forecast period, with a market size of USD 39.20 million in 2024.
• The Portugal-hospital bed market is projected to witness growth at a CAGR of 4.3% during the forecast period, with a market size of USD 26.56 million in 2024.
• The Greece Hospital bed market is projected to witness growth at a CAGR of 4.8% during the forecast period, with a market size of USD 15.18 million in 2024.
• The Rest of Europe's Hospital bed market is projected to witness growth at a CAGR of 3.2% during the forecast period, with a market size of USD 196.02 million in 2024.

Asia Pacific Hospital Bed Market Analysis

According to Cognitive Market Research, the global Hospital bed market size was estimated at USD 4215.5 Million, out of which Asia Pacific held the market share of around 23% of the global revenue with a market size of USD 969.57 million in 2024 and will grow at a compound annual growth rate (CAGR) of 8.0% from 2024 to 2031.

• According to Cognitive Market Research, the China-hospital bed market size was valued at USD 436.30 million in 2024 and is projected to grow at a CAGR of 7.5% during the forecast period. Hospital beds surged in China due to the presence of major market players.
• The Japan Hospital bed market is projected to witness growth at a CAGR of 6.5% during the forecast period, with a market size of USD 133.80 million in 2024.
• The India-hospital bed market had a market share of USD 116.35 million in 2024 and is projected to grow at a CAGR of 9.8% during the forecast period. India's rising healthcare awareness among the populations .
• The South Korean Hospital bed market is projected to witness growth at a CAGR of 7.1% during the forecast period, with a market size of USD 96.96 million in 2024.
• The Australian Hospital bed market is projected to witness growth at a CAGR of 7.7% during the forecast period, with a market size of USD 50.42 million in 2024.
• The South East Asia Hospital bed market is projected to witness growth at a CAGR of 9.0% during the forecast period, with a market size of USD 66.90 million in 2024.
• The Rest of Asia Pacific Hospital bed market is projected to witness growth at a CAGR of 7.8% during the forecast period, with a market size of USD 68.84 million in 2024.

South America Hospital Bed Market Analysis

According to Cognitive Market Research, the global Hospital bed market size was estimated at USD 4215.5 Million, out of which Latin America held the market share of around 5% of the global revenue with a market size of USD 210.78 million in 2024 and will grow at a compound annual growth rate (CAGR) of 5.4% from 2024 to 2031.

• According to Cognitive Market Research, the Brazil-hospital bed market size was valued at USD 90.21 million in 2024 and is projected to grow at a CAGR of 6.0% during the forecast period. Hospital beds flourished in Brazil due to technological advancements.
• Argentina's Hospital bed market had a market share of USD 35.41 million in 2024 and is projected to grow at a CAGR of 6.3% during the forecast period. Argentina's rising personal disposable income .
• Colombia Hospital bed market is projected to witness growth at a CAGR of 5.2% during the forecast period, with a market size of USD 18.76 million in 2024.
• Peru’s Hospital bed market is projected to witness growth at a CAGR of 5.6% during the forecast period, with a market size of USD 17.28 million in 2024.
• Chile Hospital bed market is projected to witness growth at a CAGR of 5.7% during the forecast period, with a market size of USD 15.18 million in 2024.
• The Rest of Latin America's Hospital bed market is projected to witness growth at a CAGR of 4.5% during the forecast period, with a market size of USD 33.93 million in 2024.

Middle East Hospital Bed Market Analysis

According to Cognitive Market Research, the global Hospital bed market size was estimated at USD 4215.5 Million, out of which the Middle East and Africa held the major market share of around 2% of the global revenue with a market size of USD 84.31 million in 2024 and will grow at a compound annual growth rate (CAGR) of 5.7% from 2024 to 2031..

• The GCC Countries Hospital bed market is projected to witness growth at a CAGR of 6.5% during the forecast period, with a market size of USD 36.08 million in 2024. Hospital bed sales flourish due to the presence of major market players.
• Egypt’s Hospital bed market is projected to witness growth at a CAGR of 6.0% during the forecast period, with a market size of USD 8.85 million in 2024.
• The South African Hospital bed market is projected to witness growth at a CAGR of 6.7% during the forecast period, with a market size of USD 13.32 million in 2024. Hospital bed sales flourished in South Africa due to increasing government support .
• The Turkey-hospital bed market is projected to witness growth at a CAGR of 5.2% during the forecast period, with a market size of USD 7.25 million in 2024.
• The Nigeria Hospital bed market is projected to witness growth at a CAGR of 4.8% during the forecast period, with a market size of USD 8.85 million in 2024.
• The Rest of the MEA-hospital bed market is projected to witness growth at a CAGR of 4.7% during the forecast period, with a market size of USD 9.95 million in 2024.

Hospital Bed Market Analysis

How are Segments Performing in the Global Hospital Bed Market?

Hospital Bed Market Type Segment Analysis

According to Cognitive Market Research, electric beds hospital beds are likely to dominate the hospital bed market over the forecast period. This is because they improve caregiver productivity, provide better patient comfort and adaptability, and easily interface with cutting-edge medical technology. Additionally, they are greatly desired because of their capacity to support a variety of medical demands, enhance patient outcomes, and lower the risk of injury. The growing need for automated and intelligent healthcare solutions also fuels the need for electric beds.

The semi-electric beds are the fastest-growing segment in the hospital bed market because they provide versatility and convenience of use by combining electronic and manual functions. Because they are less expensive than fully electrified beds, a greater variety of healthcare facilities can use them. Furthermore, their increased patient comfort and energy efficiency also satisfy a variety of medical requirements, which promotes broad adoption, which in turn is expanding the hospital bed market.

The above Chart is for representative purposes and does not depict actual sale statistics. Access/Request the quantitative data to understand the trends and dominating segment of Hospital Bed Industry. Request a Free Sample PDF!

Hospital Bed Market Application Segment Analysis

According to Cognitive Market Research, the intensive care beds segment holds the largest share of the market due to the urgent demand for cutting-edge medical assistance in intensive care units. Furthermore, these beds provide specialized characteristics that are necessary for managing severe patient conditions, such as improved monitoring, precise adjustability, and integrated life-support systems. High demand is also fueled by the growing number of critical illnesses and ICU capabilities, which supports their market expansion.

In the hospital bed market, the non-intensive care beds sector has been expanding at a rapid pace due to the growing need for general patient care, the expansion of medical institutions, the rise in home healthcare services, the focus on patient mobility and comfort, the fact that they are more affordable than intensive care unit beds, and the development of bed technology that can accommodate a greater variety of medical requirements.

The above Graph is for representation purposes only. This chart does not depict actual Market share.

Hospital Bed End-user Outlook: Segment Analysis

Hospital bed Market End-user Segment Analysis

According to Cognitive Market Research, the elderly care facilities hospital bed segment holds the largest share of the market. This is due to the aging population’s rapid growth and the rising incidence of chronic ailments in older people. Additionally, specialized beds that promote movement, improve comfort, and cater to particular medical requirements are in high demand. The domination of this category is also driven by the growth of senior care facilities and a heightened emphasis on enhancing the quality of life for older people, which fuels their market growth.

In the hospital bed market, the hospitals have been growing due to the growing need for cutting-edge medical technologies, the expansion of healthcare facilities, the rise in patient admissions, government investments in healthcare infrastructure, and the continuous need for high-quality patient care. The need for hospital beds is also fueled by the aging of the population and the rise of chronic illnesses.

• Hospitals
• Home Care Settings
• Elderly Care Facilities
• Ambulatory Surgical Centers
• Others (Clinics
• Nursing Homes
• etc.)

Hospital Bed Usage Outlook: Segment Analysis

Hospital bed Market Usage Segment Analysis

According to Cognitive Market Research, acute care beds are likely to dominate the hospital bed market over the forecast period. This is because of the growth of hospital infrastructure, the rise of acute medical illnesses, and improvements in critical care technologies. Furthermore, increased healthcare investments, better patient outcomes, and growing demand for specialized patient care all contribute to the expansion of acute care beds and guarantee their market-leading position.

Long-term care beds hospital beds are the fastest-growing segment in the hospital bed market. Due to the growing number of chronic illnesses, the aging of the world’s population, and the expansion of home healthcare services. In addition to improvements in bed technology designed for extended care requirements, there is an increasing focus on patient comfort and movement.

• Acute Care Beds
• Psychiatric Care Beds
• Long-term Care Beds
• Other Beds (Maternity and Bariatric Beds)

Author's Detail

Anushka Gore

Research Associate at Cognitive Market Research

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Anushka Gore is a seasoned market researcher specializing in the dynamic landscape of the Pharmaceutical industry. With a keen analytical mind and a deep passion for healthcare advancements, she has dedicated herself unraveling the intricate market trends and consumer behaviors that shape the future of medical technologies and services.

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