PUBLISHER: Fairfield Market Research | PRODUCT CODE: 1513784
PUBLISHER: Fairfield Market Research | PRODUCT CODE: 1513784
The Emergency Hospital Beds Market is poised for substantial growth, driven by rising medical admissions and increased healthcare needs.Hospital beds form a considerable segment within the global beds and bedding market, with anticipated market values of $8.1198 billion in 2024 growing to $10.904 billion by 2031, reflecting a robust CAGR of 4.30%%. Fairfield Market Research identifies emergency beds as the leading product segment, dominating the global market. This segment has shown robust growth, significantly contributing to the overall hospital beds market sales.
Market Analysis
The market has experienced consistent growth over the past years. Major furniture manufacturers have expanded their production capacities for hospital beds, responding to increasing demand due to higher medical admissions and efforts to reduce unnecessary transportation costs. The rise in hospitalizations, prompted by an increasing number of surgical procedures, cardiovascular diseases, infectious diseases, and other chronic conditions, is expected to propel the global expansion of the emergency hospital beds market. Additionally, traffic accidents contributing to higher hospital admissions will drive the need for emergency hospital beds.
Partnerships, teamwork, and acquisitions to advance the production of emergency hospital beds are expected to boost sales. The market is anticipated to grow significantly, driven by the increasing prevalence of chronic diseases, trauma, accidents, and pandemics.
Key Growth Drivers
The healthcare industry is also seeing a rise in demand for hospital beds equipped with the latest technologies and personalized layouts. The market is segmented into types for various treatments, including acute care, long-term care, and mental care. The concept of medical tourism is gaining traction in developing countries, offering significant growth opportunities.
Market Challenges
Country-wise Insights
United States: The U.S. is a major contributor to the emergency hospital beds market. Factors driving this include increased per capita healthcare spending, a growing geriatric population, rising chronic disease prevalence, and technological advancements. The market benefits from designing hospital beds and stretchers according to patient and specialist needs, incorporating technologies like AI for better diagnosis and routine procedures.
Germany: Germany offers valuable insights into managing hospital capacity. Despite reform efforts to reduce hospital capacity, Germany has a high proportion of intensive care beds among high-income countries. The significant number of elderly inpatients due to the ambulatory care system contributes to high hospital capacity.
China: China is emerging as a prominent market due to factors like a growing population, chronic diseases, rising disposable income, and new manufacturing facilities. The Chinese market benefits from increased hospital admissions due to universal health insurance and technological advancements.
Category-wise Insights
Product Segment: The bed segment dominates the market. This segment is expected to continue its dominance, driven by the introduction of various emergency hospital bed products, such as surgical, maternity, critical care, and bariatric beds. Technological advancements in hospital beds and stretchers are also contributing to market growth.
End User Segment: Hospitals are the primary end-users, driven by rising hospitalizations due to surgical operations, cardiovascular diseases, and chronic conditions. Road accidents requiring emergency care further boost the need for emergency hospital beds.
Competitive Analysis
Key companies in the industry are focusing on providing a wide range of emergency hospital beds and participating in the development of the global market. Major players include Hill-Rom Holdings Inc. and Stryker Corporation, which dominate the market share. Strategic actions such as product launches and facility expansions are common.