Asia-Pacific Hospital Beds Market (2023-2030)
The Asia-Pacific Hospital Beds Market is projected to reach $1.95 billion by 2030, at a CAGR of 8.9% from 2023 to 2030.
- Published
- Nov 2023
- Pages
- 150
- Format
- PDF + Excel
- Report ID
- MR-7
- Base year
- 2022
- 2030 · FORECAST
- $1.95B
- 2030
- $1.95B
- CAGR 2023–2030
- 8.9%
2022 baseline · 2023–2030 forecast at 8.9% CAGR · hover a bar for the value
Key highlights
The Asia-Pacific Hospital Beds Market is projected to reach $1.95 billion by 2030, at a CAGR of 8.9% from 2023 to 2030.
The beds segment is expected to account for the largest share of the market.
Among all the technologies covered in the report, in 2023, the powered beds segment is expected to account for the largest share of the market.
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 market.
Among all the healthcare facilities covered in the report, in 2023, the critical care unit segment is expected to account for the largest share of the market.
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.
Report summary
| Particulars | Details |
|---|---|
| Base Year | 2022 |
| Estimated Year | 2023 |
| Forecast Period | 2023–2030 |
| Market Size (2030) | USD 1.95 billion |
| CAGR (2023–2030) | 8.9% |
| Format | PDF, Excel & Cloud Portal · 150 pages |
| Segments Covered | By Product: Beds, Accessories · By Technology: Powered Beds Electric Beds, Semi-electric Beds · By Type of Care: Curative Care, Long-term Care, Rehabilitative Care · By Healthcare Facility: Critical Care Unit, Bariatric Care Unit, Long-term Care Unit, Homecare Settings, Med-surg Care Unit, Pediatric Care Unit, Maternal Care Unit |
| Countries Covered | Asia-Pacific (RoAPAC) |
| Key Companies | Stryker Corporation, Baxter International Inc., Getinge AB, Invacare Corporation, Paramount Bed Holdings Co., Ltd., Stiegelmeyer GmbH, Joerns Healthcare LLC, Savaria Corporation, Midmark Corporation, Amico Corporation |
Report overview
Segments covered: product, technology, type of care, healthcare facility. Regions: Asia-Pacific.
Hospital beds are indispensable components required at healthcare facilities, as most patients are often immobile and in need of proper rest during treatment. Traditionally used beds are mostly manual and lack additional features. However, with the advancement of technology, smart beds have been developed, which can effectively track and monitor patients' vital signs and movements.
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.
In 2023, China is expected to account for the largest share of the Asia-Pacific hospital beds market. Factors such as the growing healthcare expenditure, large patient population, growing geriatric population, growing prevalence of non-communicable diseases, and improving access to healthcare through the increasing number of hospitals contribute to China’s significant market share.
Market dynamics
2 factors across 2 forcesGrowing Number of Hospitals Driving the Growth of the Asia-Pacific Hospital/Medical Beds Market
As the burden of various diseases continues to increase, many nations are prioritizing the expansion of healthcare facilities and the enhancement of healthcare services to alleviate the burden of illness and improve the overall well-being of their populations.
According to Rural Health Statistics (RHS), in India, there is only one hospital bed for every 2,046 people, with a shortage of 9,231 primary health centers, 46,140 sub-centers, and 3,002 community health centers. The Government of India is undertaking various initiatives to overcome these challenges. For instance, India’s National Health Policy aims to have at least two beds per 1,000 people and build 3,000 to 5,000 hospitals with nearly 200 beds each by 2025. Similarly, the Chinese government is taking active steps to increase its intensive care capacity by 20%. Additionally, the government has been focused on strengthening its public health infrastructure by expanding hospitals and treatment facilities for infectious diseases. This is an addition to the National Development and Reform Commission, the National Health Commission, and the National Administration of Traditional Chinese Medicine’s plans to increase hospital capacities across the country.
Private healthcare providers are playing an important role in enhancing the healthcare sector in developing countries. In India, the private sector accounts for 58% of the hospitals and 29% of hospital beds in the country. Presently, India’s healthcare sector is witnessing an influx of investments, both foreign and domestic, supporting the proliferation of private hospitals. Furthermore, growing medical tourism is driving the expansion of private hospitals.
Moreover, the rates of new hospital construction are higher in developing countries due to the large patient populations, frequent disease outbreaks, and increasing healthcare budgets. Thus, the growing number of hospitals is expected to boost the demand for hospital beds, driving the growth of this market.
Table of contents
12 chapters · 88 sections · 150 pages · click to expandSegmental analysis
| Segment | Largest share (2023) | Fastest growth (2023–2030) |
|---|---|---|
| By Product Types Covered in the Report | Beds | — |
| By All the Technologies Covered in the Report | Large market share of this | — |
| By All the Types of Care Covered in the Report | — | — |
| By Healthcare Facility | Large market share of this | — |
By Product Types Covered in the Report
- The beds segment is expected to account for the largest share of the market.
- Factors such as the rising prevalence of acute and chronic diseases, outbreaks of infectious diseases, the increasing number of hospitals, the growing demand for long-term care, and government investments and support for the improvement of healthcare in emerging countries contribute to the large market share of this segment.
By All the Technologies Covered in the Report
- Among all the technologies covered in the report, in 2023, the powered beds segment is expected to account for the largest share of the market.
- The large market share of this segment is attributed to the rising demand for technologically advanced beds from developed countries with high purchasing power and the increasing number of market players offering customized and multiple-featured powered beds for patient monitoring.
By All the Types of Care Covered in the Report
- 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 market.
- Factors such as the high prevalence of infectious diseases and the rising number of hospitalizations due to road accidents contribute to the large market share of this segment.
By Healthcare Facility
- Among all the healthcare facilities covered in the report, in 2023, the critical care unit segment is expected to account for the largest share of the market.
- The large market share of this segment is attributed to the increasing number of accidents and the rising incidence of infectious diseases, chronic diseases, and fatal injuries, leading to increased admissions in ICUs and CCUs.
- Critical care includes services provided to patients facing an immediate life-threatening health condition who need support systems to maintain the functioning of vital organs.
Geographic analysis
Asia-Pacific
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.
Competitive landscape
- Stryker Corporation
- Baxter International Inc.
- Getinge AB
- Invacare Corporation
- Paramount Bed Holdings Co., Ltd.
- Stiegelmeyer GmbH
- Joerns Healthcare LLC
- Savaria Corporation
- Midmark Corporation
- Amico Corporation
Frequently asked questions
This study offers a detailed assessment of the Asia-Pacific hospital beds market, including the market sizes and forecasts for various market segments such as product, technology, type of care, and healthcare facility. The Asia-Pacific hospital beds study provides an in-depth analysis of several segments and subsegments of the hospital/medical beds market at the country level.
Cite this report
Meticulous Research. (2023). Asia-Pacific Hospital Beds Market - Opportunity Analysis and Industry Forecast (2023 -2030) (Report No. MR-7). Meticulous Market Research Pvt. Ltd. https://www.meticulousresearch.com/reports/asia-pacific-hospital-beds-market-4884