The global powered and manual hospital beds market provides patients with comfortable surfaces to rest, coupled with features that aid their movement and safety. Hospital beds play a crucial role in a patient’s treatment by providing proper positioning to control pain and maintaining hygiene. Powered beds offer ergonomic adjustments via remote control or buttons, enabling healthcare workers to effortlessly alter height, position of sections, and other settings. Their growing adoption in hospitals stemmed from the rising elderly population and prevalence of chronic ailments like cancer, cardiovascular diseases, and diabetes.

The global powered and manual hospital beds market is estimated to be valued at US$ 3.58 Bn in 2024 and is expected to exhibit a CAGR of 7.5% over the forecast period 2024 to 2031, as highlighted in a new report published by Coherent Market Insights.

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Market key trends

Hospital beds being technology-driven have seen recent innovation in material, mobility, and user interface. Key trends include –
– Use of antimicrobial coatings on bed surfaces to curb hospital-acquired infections is a major area of focus. Development of beds with easy-to-clean and disinfect materials supports infection control.
– Beds integrated with patient monitoring systems allow continuous tracking of vital signs from the bedside itself via wireless devices. This aids early detection of condition changes.
– Modular and multifunctional bed designs enable convenient customization as per clinical needs like X-ray, MRI, angioplasty etc. without moving the patient.
– Growth in enhanced communication capabilities through in-built tablets and touchscreens provide easy access to patient records and staff call systems.

Porter’s Analysis

Threat of new entrants: Low-to-moderate threat as new entrants need significant capital investments for production and distribution infrastructure. However, opportunity exists for independent and regional manufacturers.

Bargaining power of buyers: Moderate bargaining power as buyers have options to choose from various players. However, product quality and compliance with standards restrict options.

Bargaining power of suppliers: Low bargaining power due to availability of several ingredient and component suppliers. Suppliers do not influence pricing.

Threat of new substitutes: Low threat as substitutes are limited due to indispensable need for hospital beds in healthcare facilities. However, alternatives like foldable or portable beds pose some threat.

Competitive rivalry: High rivalry among existing players to gain market share. Players compete on pricing, quality, innovation, acquisition, and expand geographical presence.

Key Takeaways

The global powered and manual hospital beds market is expected to witness high growth over the forecast period supported by increasing healthcare infrastructure and demand arising from aging population.

Regionally, North America is expected to dominate the global market owing to presence of major players and advanced healthcare infrastructure. Asia Pacific is anticipated to exhibit fastest growth attributable to rising medical tourism, growing private healthcare sector, and increasing healthcare spending in the region.

Key players operating in the powered and manual hospital beds market are Hill-Rom Holdings Inc. (U.S.), Getinge Group (Sweden), Invacare Corporation (U.S.), Stryker Corporation (U.S.), LINET Group SE (Czech Republic), Medline Industries, LP (U.S.), Paramount Bed Holdings Co., Ltd. (Japan), Stiegelmeyer GmbH & Co. KG (Germany), Joerns Healthcare LLC (U.S.), and Drive DeVilbiss Healthcare (U.S.). They compete based on their product portfolio, pricing, innovation abilities, and geographical presence.