Hospital Bed Market Share

Hospital Bed Market Share Analysis

There are various types of hospital beds available, categorized into acute care, long-term care, psychiatric and bariatric care, and others (including maternity and rehabilitative beds). These beds come in different sizes and shapes, manufactured according to specific requirements. Each type of bed has its unique features and is used for specific purposes. The hospital beds market, categorized by type, is influenced by factors such as the increasing birth rate and the rising geriatric population.

Among the different types, acute care beds, also known as general hospital beds, hold the largest market share, valued at USD 1,476.4 million in 2016 and expected to reach USD 2,897.4 million by 2027. Long-term care beds are anticipated to be the fastest-growing market, with a CAGR of 5.8% during the forecast period.

Acute care beds are versatile, designed for general purposes, known for their high comfort and durability. They are available in various sizes or can be customized according to hospital requirements. Due to their cost-effectiveness, these beds are widely used in hospitals, clinics, and ambulatory services. The increasing prevalence of different diseases and the growing geriatric population contribute to the demand for acute care beds.

Additionally, there are beds categorized as "Others," including maternity and rehabilitative beds. Birthing beds are specially designed for delivering babies, offering safety and comfort to women in labor. These electric or semi-electric beds come equipped with advanced devices, providing support for both the mother and nursing staff throughout the birthing process. With the global average birth rate at 18.5 births per 1,000 total population in 2016, the increasing birth rate worldwide is a major driver for the growth of birthing beds in the market.

Pediatric beds are designed for infants, toddlers, and young children, preventing them from climbing over siderails, falling through openings, or being trapped in ways that could cause injury. As part of the hospital bed market, these beds cater specifically to the needs and safety of the pediatric population.

The hospital beds market is dynamic, driven by factors such as demographic trends, technological advancements, and the evolving healthcare landscape. It is expected to witness continuous growth as healthcare providers strive to enhance patient care and improve facilities. The diverse range of hospital beds available reflects the ongoing efforts to meet the specific needs of patients across different healthcare settings.