Emergency Hospital Bed Market
Emergency Hospital Bed Market By Product Type (Bed and Stretcher), By End User (Hospitals, Ambulatory Surgical Centers, and Specialty Clinics) and By Region - Global Market Report (2024 to 2034)
Analysis of Emergency Hospital Bed Market Covering 30+ Countries Including Analysis of US, Canada, UK, Germany, France, Nordics, GCC countries, Japan, Korea and many more
Emergency Hospital Bed Market Outlook from 2024 to 2034)
The global emergency hospital bed market size is estimated to have a value of US$ 8,085.0 million in 2024. The market is expected to register a CAGR of 4.1% from 2024 to 2034. By the end of the forecast period, the market size is expected to have grown to US$ 12,068.8 million.
With the increase in population, people getting admitted to medical facilities is rising at a steady rate. A myriad of reasons necessitate the use of emergency hospital beds, including the re-emergence of infectious diseases. Heart attacks, road accidents, and breathing problems increase the need for emergency hospital beds.
Key Market Growth Drivers
The pandemic highlighted the need for emergency medical services in the wake of the ever-evolving nature of diseases. With a significant rise in medical emergencies such as chest pain, bleeding, and stroke, it has become unpredictable to analyze when hospitalization numbers skyrocket. Therefore, emergency hospital beds are helping medical staff cope with the sudden surge in patient admissions.
One of the leading causes of the need for emergency hospital beds is road accidents. With a surge in everyday road accidents, the demand for emergency hospital beds has increased. According to research, nearly 1 million people lose their lives due to road traffic injuries. In India, a report published on road accidents in 2023 states that road accidents increased by 21% in 2021.
There has been a conscious effort on the part of manufacturers to innovate in terms of products that are easy to carry. As a result, emergency hospital beds are getting more comfortable and transportable, helping even more in diagnosis. Electric and wireless hospital beds are some innovations in the industry through which patient care is being handled more effectively and efficiently.
| Report Attributes | Details |
|---|---|
| Estimated Market Value (2024E) | US$ 8,085.0 million |
| Forecasted Market Value (2034F) | US$ 12,068.8 million |
| Global Market Growth Rate (2024 to 2034) | 4.1% CAGR |
| Bed Segment Growth Rate (2024 to 2034) | 4.0% |
| Hospital Segment Growth Rate (2024 to 2034) | 3.9% |
| North America Market Share (2024) | 26.9% |
| East Asia Market Share (2024) | 14.7% |
| Key Companies Profiled |
|
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Which Factors Have Driven the Global Surge in Emergency Hospital Bed Demand?
“Smart Hospital Beds Lay Out a Path of Progress for the Market”
Manufacturers are using advanced technologies to bring innovations to the emergency hospital bed market. Smart beds are specialized with basic medical facilities and devices that can allow nurses to follow up on patients. Moreover, smart emergency medical beds monitor the health of patients, record medical information, can be connected to other devices, and help provide an all-around modern treatment experience to patients.
“Acceleration of the Healthcare Sector, with Rise in Healthcare Expenditure, is Paving the Way for the Adoption of Advanced Emergency Hospital Beds”
The healthcare industry is witnessing growth at a consistent pace. Governments all over the world are prioritizing the development of healthcare. Advanced research facilities are also facilitating the development of new medicines, treatments, and the like. There has thus been an increase in spending on healthcare, making way for the healthy progress of the sector. Advancements in healthcare facilities are giving a positive outlook to emergency medical services. The all-around improvement in the healthcare sector is conducive to the acceptance of advanced emergency medical beds in medical facilities.
Which Factors Present Challenges to the Expansion of the Emergency Hospital Bed Market?
“Shortage of Staff, Lack of Developed Healthcare Facilities in Certain Areas, and Pricey Nature of Healthcare all Present Challenges to the Growth of the Market”
Hospitals face problems with understaffing when several patients are admitted. The problem is common in Asian countries, while Western countries have also been victims of it. Thus, a shortage of trained personnel to assign, operate, and maintain emergency hospital beds is likely to impede market expansion.
Certain corners of the globe still have underdeveloped and even primitive healthcare facilities. Thus, the standard of emergency medical services is also low, and emergency hospital beds need to be present or higher in these regions. Patients are also struggling with medical bills, even in developed countries like the United States. Thus, there is less enthusiasm for advanced emergency services.
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Country-wise Insights
The rapidly expanding healthcare sector in East Asia is leading the market substantially. For 2024, the value of the market in East Asia is estimated to be US$ 1,188.0 million, with a market share of 14.7%. The market is expected to progress at a sturdy rate in East Asia from 2024 to 2034, with a CAGR of 4.5%. By 2034, it is projected that the market value for East Asia is expected to jump to US$ 1,842.0 million, with an increased market share of 15.3%.
North America is another lucrative region for the market as healthcare facilities continue to get technologically advanced. For 2024, the market share for North America is projected to be 26.9%, with a market value of US$ 2,177.0 million. The market is expected to register a consistent CAGR of 3.9% in North America for the forecast period. By 2034, the market value in North America is anticipated to have shot up to US$ 3,186.0 million, with a market share of 26.4%.
What Makes China Such a Promising Country for the Emergency Hospital Bed Market?
“Increasing Population and Requirement for Emergency Services Necessitate the Need for Emergency Hospital Beds in China”
China is among the most promising countries for the market, with an expected 2024 market valuation of US$ 790.0 million. The market is expected to register a modest CAGR of 4.7% in China over the forecast period, at the end of which the market value is projected to hit US$ 1,247.0 million.
According to a study conducted in 2020, the population of the country is more prone to strokes, convulsions, heart disease, lung cancer, and breathing issues that need immediate medical attention. Thus, Chinese medical facilities are increasingly being equipped with emergency hospital beds to strengthen their emergency care units.
Why is South Korea Emerging as a Lucrative Country for the Emergency Hospital Bed Market?
“South Korea Looking to Address the Lack of Emergency Beds in the Country”
South Korea is another East Asian country representing significant potential for the emergency hospital bed market, with the 2024 valuation for the country amounting to US$ 41.0 million. The market is expected to register a moderate CAGR of 4.6% over the forecast period. By 2034, the valuation of emergency hospital beds in South Korea is expected to reach US$ 65.0 million.
South Korea faces several challenges related to floods and typhoons. Therefore, the demand for trauma and emergency services is recognized as an area of improvement. The government in the country is addressing the problems by looking to implement better procedures for emergency medical services as well as increase skilled personnel in rural areas. Thus, the emergency hospital bed industry is enhancing its performance in South Korea.
Category-wise Insights
Based on product type, Bed is the overwhelming leader in the market. In 2024, beds are expected to account for 86.3% of the market share by product type. Stretcher is a distant second, expected to contribute to 13.7% of the market share in 2024. Based on end users, hospitals are leading the segment, with an estimated 72.8% of the market share in 2024. In the runner-up spot are ambulatory surgical centers, with an expected market share of 22.3% in 2024.
Why Do Beds Dominate the Product Type Segment of the Market?
“Constant Evolution in Technology Ensures Beds Remain the Prominent Product Type in the Market”
Beds are expected to continue to rule the market by product type. For 2024, beds are expected to account for 86.3% of the market share, and the CAGR for the product over the forecast period is anticipated to be 4.0%.
Beds are being manufactured with the intent of increasing patient comfort as well as assisting doctors. Thus, beds with features like increased mobility and the ability to record data are seeing increasing demand from hospitals. However, stretchers are also set to progress positively over the forecast period, with an anticipated CAGR of 4.7%.
Know thy Competitors
Competitive landscape highlights only certain players
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Competitive Landscape
The emergency hospital bed market landscape is top-heavy, with some leading players holding a majority of the market share. There is still scope for startups and medium-level companies that can bring some innovation to the table. However, the top companies have established a stronghold in the market by earning the trust of medical institutions.
Brands in the market are focusing on collaboration to expand the scope of the market. Relationships are being established with hospitals and other healthcare facilities. With technology playing a key role in the market's progress, players are also seeking partnerships with enterprises specializing in healthcare technology. Some key companies in the market are Invacare Corporation, Hill-Rom Holdings Inc., Stryker Corporation, LINET, Arjo, PARAMOUNT BED CO., LTD., Howard Wright Limited, Midmark Corp, Joson-Care Enterprise Co., Ltd., Stiegelmeyer GmbH & Co.KG, NOA Medical Industries Inc., Novum Medical Products, and Amico Corporation.
Recent Developments
- In August 2023, it was announced by the health secretary of the United Kingdom that around US$ 318.2 million would be invested in the country for 900 new hospital beds.
- In February 2023, the launch of the Solace bed by Godrej Interio was announced. The bed emphasizes flexibility, aiming to provide comfort during processes like labor and recovery.
- In August 2022, Dozee teamed up with Midmark India to launch a hospital bed with AI capabilities. Through the bed, various vitals of the patients can be monitored, while there is also a warning system in place in case the patient’s condition worsens.
Segmentation of Emergency Hospital Bed Market Research
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By Product Type :
- Beds
- Surgical Bed
- Maternity Bed
- Critical Care Beds
- Bariatric Beds
- Stretcher
- Emergency and Transport Stretchers
- Procedural Stretchers
- Specialty Stretchers
- Beds
-
By End User :
- Hospitals
- Ambulatory Surgical Centers
- Specialty Clinics
-
By Region :
- North America
- Europe
- Latin America
- East Asia
- South Asia & Oceania
- The Middle East & Africa
- FAQs -
What is the Leading Product Type in the Emergency Hospital Bed Market?
Bed is the leading product in the market, with an expected market share of 86.3% in 2024.
What is the Sales Outlook for Emergency Hospital Beds in 2024?
The sales outlook for emergency hospital beds is likely to be valued at US$ 8,085.0 million in 2024.
What is the Demand Forecast for Emergency Hospital Beds for the Decade?
Demand for emergency hospital beds is projected to reach a market value of US$ 12,068.8 million by the end of 2034.
What is the Adoption Growth Projection for Emergency Hospital Bed?
Adoption of emergency hospital beds is projected to rise at a CAGR of 4.1% through 2034.
What are the Notable Brands in Emergency Hospital Beds?
Invacare Corporation, Hill-Rom Holdings Inc., Stryker Corporation, and LINET are prominent brands in the market.
Emergency Hospital Bed Market