Hospital Bed Market Forecast to 2028 - COVID-19 Impact and Global Analysis

The "Hospital Bed Market Forecast to 2028 - COVID-19 Impact and Global Analysis" report provides a comprehensive overview of the market, segmented by type, usage, application, and end user. The market is projected to grow from US$ 3,214.96 million in 2021 to US$ 4,688.96 million by 2028, reflecting a compound annual growth rate (CAGR) of 5.7% from 2022 to 2028. This growth is driven by the increasing demand for advanced hospital beds equipped with innovative features, alongside the rising trend of smart hospital beds.

According to the National Institute of Health (NIH), there is a significant demand for well-equipped hospital beds that help mitigate physiological complications in patients, such as bedsores. The Mayo Foundation for Medical Education and Research (MFMER) highlights that patients with limited mobility are particularly susceptible to bedsores, which can develop due to prolonged periods spent in bed. These sores are classified into various stages based on severity and tissue damage, ranging from minor skin discoloration to severe injuries affecting muscle and bone.

Advancements in healthcare information technology (IT) have led to the development of smart hospital beds, which utilize wireless sensor networks (WSNs) to enhance patient care. These beds are now equipped with features such as health monitoring screens that display patient status and allow for remote data transmission to nursing stations. Additional functionalities include tilt control mechanisms, powered wheels for patient mobility, and connectivity options like USB and Ethernet ports, all designed to improve patient comfort and care efficiency.

In October 2020, Stryker introduced the "ProCuity" hospital bed, the first wireless model available on the market. This innovative bed aims to reduce patient falls, enhance nursing efficiency, and lower operational costs for hospitals. The demand for such advanced hospital beds is contributing to market growth across various regions.

Global Hospital Bed Market: Segmental Overview

The global hospital bed market is categorized into several segments:

• Type: The market is divided into semi-electric beds, electric beds, and manual beds. The semi-electric segment held the largest market share in 2021 and is anticipated to exhibit the highest CAGR from 2022 to 2028.


• Usage: This segment includes acute care beds, long-term care beds, psychiatric care beds, and others. Acute care beds dominated the market in 2021 and are expected to maintain their leading position throughout the forecast period.


• Application: The market is split into non-intensive care beds and intensive care beds, with non-intensive care beds leading in 2021 and projected to continue their dominance.


• End User: The market is segmented into hospitals & clinics, elderly care facilities, ambulatory surgical centers, and home care settings.

Global Hospital Bed Market: Geographical Overview

Europe currently holds the largest share of the global hospital bed market, while the Asia Pacific region is expected to experience the highest CAGR during the forecast period. The growth in Europe is driven by an aging population and a rising incidence of chronic diseases. According to the OECD, Germany has a significant proportion of its population aged 65 and older, contributing to the demand for hospital beds.

In contrast, the Asia Pacific market is expanding due to rapid economic growth in countries like China and Japan, increased government focus on healthcare, a rise in chronic disease prevalence, and substantial investments in healthcare infrastructure, particularly in response to the COVID-19 pandemic.

Future Trends in the Hospital Bed Market

The trend towards smart hospital beds is expected to shape the market significantly in the coming years. Continuous patient monitoring is essential for early diagnosis and treatment, which can reduce mortality and hospitalization costs. Smart beds equipped with advanced technology can monitor vital signs, prevent falls, and reduce the risk of pressure ulcers.

In September 2021, Baxter announced a partnership with Hillrom, Inc. to develop smart hospital beds, a collaboration valued at US$ 10.5 billion. The introduction of innovative products like Stryker's "ProCuity" wireless bed further exemplifies the shift towards technology-driven solutions in patient care.

Key organizations such as the World Health Organization (WHO), National Health Service (NHS), and the Organization for Economic Co-operation and Development (OECD) have been referenced in the preparation of this report, highlighting the importance of data from reputable sources in understanding the global hospital bed market.