Meticulous Research®—a leading global market research company, published a research report titled, ‘Asia-Pacific Hospital Beds Market by Product (Bed, Accessories), Technology (Manual, Powered, Smart), Type of Care (Rehabilitative, Curative, Long-term), Healthcare Facility (Maternal, Pediatric, Critical, Bariatric, Homecare, Med-Surg) - Forecast to 2030.’
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According to this latest publication from Meticulous Research®, the Asia-Pacific hospital/medical beds market is projected to reach $1.95 billion by 2030, at a CAGR of 8.9% during the forecast period. The growth of the Asia-Pacific hospital beds market is primarily driven by factors such as the increasing number of hospitals, the rising number of surgical procedures, technological advancements in hospital beds, and the growing elderly population, coupled with the subsequent increase in the prevalence of chronic diseases. Furthermore, the growth of medical tourism, the high demand for home care, the rising popularity of smart and robotic beds, and the rising healthcare expenditures in countries like China and India are expected to create significant market growth opportunities. However, the growing preference for minimally invasive surgical procedures is expected to restrain the market’s growth.
Key Players
The key players profiled in the Asia-Pacific hospital beds market are Stryker Corporation (U.S.), Hill-Rom Holdings Inc. (Part of Baxter International Inc.) (U.S.), Getinge AB (Sweden), Invacare Corporation (U.S.), Paramount Bed Holdings Co., Ltd. (Japan), Medline Industries, LP (U.S.), Stiegelmeyer GmbH & Co. KG (Germany), LINET Group SE (Netherlands), Joerns Healthcare LLC. (U.S.), Savaria Corporation (Canada), Drive DeVilbiss Healthcare (U.S.), Malvestio Spa (A Subsidiary of Malvestio Group) (Italy), Midmark Corporation (U.S.), Amico Corporation (U.S.), and Famed Zywiec Sp. z o.o. (Poland).
Asia-Pacific Hospital/Medical Beds Market: Future Outlook
The Asia-Pacific hospital beds market is segmented by Product (Beds, Accessories), Technology {Powered Beds (Electric Beds, Semi-electric Beds), Manual Beds, Smart Beds}, Type of Care (Curative Care, Long-term Care, Rehabilitative Care), Healthcare Facility (Critical Care Unit, Bariatric Care Unit, Long-term Care Unit, Homecare Settings, Med-surg Care Unit, Pediatric Care Unit, Maternal Care Unit), and country. The study also evaluates industry competitors and analyzes the market at the country level.
Among all the product types covered in the report, in 2023, the beds segment is expected to account for the largest share of the Asia-Pacific hospital beds market. Hospital beds are one of the fundamental requirements of any healthcare facility. These beds come in several styles and sizes based on their capabilities, size, and user weight capacity. With the growing hospitalization rates, the demand for various hospital beds is expected to increase in the coming years, thereby contributing to the segment’s growth.
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Among all the technologies covered in the report, in 2023, the powered beds segment is expected to account for the largest share of the Asia-Pacific hospital beds market. The powered beds segment is further sub-segmented into electric beds and semi-electric beds. In 2023, the electric beds segment is expected to account for the largest share of the powered hospital/medical beds market. The large market share of this segment is attributed to the high adoption of electric beds in developed countries due to their benefits, such as position adjustment, monitoring sensors, and fall detection features.
Among all the types of care covered in the report, in 2023, the curative care segment is expected to account for the largest share of the Asia-Pacific hospital beds market. The large market share of this segment is attributed to the increasing demand for curative care, driven by the rising number of inpatient admissions at healthcare facilities, attributed to chronic and infectious diseases as well as physical injuries. For instance, according to IDF Diabetes Atlas Tenth Edition 2021, 140.8 million adults aged 20 to 79 in China were living with diabetes in 2021. This number is projected to reach 164.0 million by 2030 and further to 174.4 million by 2045.
Among all the healthcare facilities covered in the report, in 2023, the homecare settings segment is expected to register the highest CAGR during the forecast period. This growth can be attributed to the advantages associated with homecare settings, such as the absence of risks related to hospital-acquired infections, the ability to provide tailored and personalized patient care, and the cost-effectiveness of home healthcare when compared to traditional hospital care. Home healthcare is recognized as an effective and cost-efficient way to deliver care, and its adoption is expected to continue increasing. This trend is likely to drive the demand for home care supplies, including beds and related accessories.
Among all the countries covered in the report, in 2023, China is expected to account for the largest share of the Asia-Pacific hospital beds market. Factors such as the increasing healthcare expenditure and the rising incidence of non-communicable diseases (NCDs), along with the aging population, collectively contribute to the significant market share. China has a high burden of non-communicable diseases. According to WHO, NCDs constitute nearly 89% of China’s disease burden, which is expected to increase. The NCDs with the highest mortality rate in China are cardiovascular diseases (CVD), cancer, diabetes, and respiratory diseases. The increasing prevalence of NCDs is anticipated to lead to a rise in hospitalizations, thereby driving the demand for hospital beds.
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Key questions answered in the report:
• What are the high-growth market segments in terms of product, technology, type of care, healthcare facility, and country?
• What was the historical market for hospital/medical beds in Asia-Pacific?
• What are the market forecasts and estimates for 2023–2030?
• What are the major drivers, restraints, opportunities, and challenges in the Asia-Pacific hospital/medical beds market?
• Who are the major players in the Asia-Pacific hospital/medical beds market?
• What is the competitive landscape like, and who are the market leaders in the Asia-Pacific hospital/medical beds market?
• What are the recent developments in the Asia-Pacific hospital/medical beds market?
• What are the strategies adopted by the major players in the Asia-Pacific hospital/medical beds market?
• What are the geographical trends and high growth countries?
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