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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
Report ID: MRHC - 1046 Pages: 150 Nov-2023 Formats*: PDF Category: Healthcare Delivery: 24 to 48 Hours Download Free Sample ReportHospital 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.
Modern hospital beds offer multiple benefits besides just providing patients with a place to rest. Beds are one of the most important components of healthcare facilities and play a vital role in patient care. Therefore, research studies are being conducted to advance the capabilities of hospital beds. Smart hospital beds are one of the emerging classes of beds. These beds have remote monitoring systems that track patient health by monitoring body temperature, blood pressure, heartbeat, and oxygen. The beds feature pressure sensors that continuously transfer patient information to the central system for physicians’ review, thus playing a vital role in cases requiring critical care. Some smart beds have percussion and vibration features, which are very useful for patients with/susceptible to pneumonia. These features help them clear their lungs of phlegm, reducing the probability of infection and the need for antibiotics. The adoption of smart hospital beds has been increasing in China and India over the past few years, and the demand is also expected to increase due to the beds’ growing affordability and the rising need for quality healthcare.
Furthermore, there is a growing need to address issues associated with the high level of manual patient handling and repetitive strain injuries (RSI) caused to caregivers by heavy patient lifting. Robotic beds are being increasingly researched as a promising tool that can offer efficient patient handling and reduce RSIs. In August 2022, Midmark India Pvt Ltd. (India) and Turtle Shell Technologies Private Limited (Dozee) (India) collaborated to develop a connected bed platform for patient monitoring in non-ICU environments. These beds provide uninterrupted patient monitoring in HDU, non-ICU, and step-down ICU settings, ensuring the delivery of next-level patient safety and driving operational efficiencies with enhanced clinical outcomes. Such developments are expected to boost the demand for advanced medical beds, creating opportunities for the players operating in this market.
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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.
Among the product types covered in the report, in 2023, 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.
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.
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.
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.
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.
The report includes a competitive landscape based on an extensive assessment of the key growth strategies adopted by major market players in the last 3–4 years. The key players profiled in the Asia-Pacific hospital beds market report 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).
Scope of the Report:
Asia-Pacific Hospital/Medical Beds Market Assessment, by Product
Asia-Pacific Hospital/Medical Beds Market Assessment, by Technology
Asia-Pacific Hospital/Medical Beds Market Assessment, by Type of Care
Asia-Pacific Hospital/Medical Beds Market Assessment, by Healthcare Facility
Asia-Pacific Hospital/Medical Beds Market Assessment, by Country
Key questions answered in the report:
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.
The Asia-Pacific hospital beds market is projected to reach $1.95 billion by 2030, at a CAGR of 8.9% during the forecast period.
In 2023, the beds segment is expected to account for the largest share of the Asia-Pacific hospital/medical beds 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.
In 2023, the powered beds segment is expected to account for the largest share of the market. The growth 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.
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.
The key players profiled in the Asia-Pacific hospital beds market study 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 countries are expected to offer significant growth opportunities for the players operating in this market due to the growing demand for home care, the growth of medical tourism, the rising popularity of smart beds and robotic beds, and the rising healthcare expenditures in countries like China and India.
1. Introduction
1.1. Market Definition and Scope
1.2. Market Ecosystem
1.3. Currency and Limitations
1.4. Key Stakeholders
2. Research Methodology
2.1. Research Approach
2.2. Process of Data Collection and Validation
2.2.1. Secondary Research
2.2.2. Primary Research / Interviews with Key Opinion Leaders of the Industry
2.3. Market Sizing and Forecasting
2.3.1. Market Estimation Approach
2.3.1.1. Bottom-up Approach
2.3.1.2. Top-down Approach
2.3.1.3. Growth Forecast Approach
2.4. Assumptions for this Study
3. Executive Summary
4. Market Insights
4.1. Market Overview
4.2. Drivers
4.2.1. Rising Number of Hospitals
4.2.2. Increasing Number of Surgeries
4.2.3. Technological Advancements in Hospital Beds
4.2.4. Aging Population Coupled with the Growing Prevalence of Chronic Diseases
4.3. Restraints
4.3.1. Growing Preference for Minimally Invasive Surgeries
4.4. Opportunities
4.4.1. Growing Medical Tourism
4.4.2. Increasing Demand for Home Care
4.4.3. Rising Popularity of Smart Beds and Robotic Beds
4.4.4. Increasing Healthcare Expenditures in China and India
4.5. Pricing Analysis
4.6. Porter’s Five Forces
4.7. Value Chain Analysis
5. Asia-Pacific Hospital Beds Market Assessment—by Product
5.1. Overview
5.2. Beds
5.3. Accessories
6. Asia-Pacific Hospital Beds Market Assessment—by Technology
6.1. Overview
6.2. Powered Beds
6.2.1. Electric Beds
6.2.2. Semi-electric Beds
6.3. Manual Beds
6.4. Smart Beds
7. Asia-Pacific Hospital Beds Market Assessment—by Type of Care
7.1. Overview
7.2. Curative Care
7.3. Long-term Care
7.4. Rehabilitative Care
8. Asia-Pacific Hospital Beds Market Assessment—by Healthcare Facility
8.1. Overview
8.2. Critical Care Unit
8.3. Bariatric Care Unit
8.4. Long-term Care Unit
8.5. Homecare Settings
8.6. Med-Surg Care Unit
8.7. Pediatric Care Unit
8.8. Maternal Care Unit
9. Asia-Pacific Hospital Beds Market Assessment—by Country
9.1. Overview
9.2. China
9.3. Japan
9.4. India
9.5. Australia
9.6. Singapore
9.7. Indonesia
9.8. South Korea
9.9. New Zealand
9.10. Rest of APAC (RoAPAC)
10. Competitive Analysis
10.1. Overview
10.2. Key Growth Strategies
10.3. Competitive Benchmarking
10.4. Competitive Dashboard
10.4.1. Industry Leaders
10.4.2. Market Differentiators
10.4.3. Vanguards
10.4.4. Contemporary Stalwarts
10.5. Market Share Analysis, by the Key Player/Key Market Ranking, 2022
11. Company Profiles (Business Overview, Financial Overview, Product Portfolio, Strategic Developments, and SWOT Analysis)
11.1. Stryker Corporation
11.2. Hill-Rom Holdings Inc. (Part of Baxter International Inc.)
11.3. Getinge AB
11.4. Invacare Corporation
11.5. Paramount Bed Holdings Co., Ltd.
11.6. Medline Industries, LP
11.7. Stiegelmeyer GmbH & Co. KG
11.8. LINET Group SE
11.9. Joerns Healthcare LLC.
11.10. Savaria Corporation
11.11. Drive DeVilbiss Healthcare
11.12. Malvestio Spa (A Subsidiary of Malvestio Group)
11.13. Midmark Corporation
11.14. Amico Corporation
11.15. Famed Zywiec Sp. z o.o.
(Note: SWOT analysis will be provided for only the top 5 players)
12. Appendix
12.1. Available Customization
12.2. Related Reports
List of Tables
Table 1 Asia-Pacific Hospital Beds Market, by Product, 2021–2030 (USD Million)
Table 2 Asia-Pacific Hospital Beds Market, by Country, 2021–2030 (USD Million)
Table 3 Asia-Pacific Hospital Bed Accessories Market, by Country, 2021–2030 (USD Million)
Table 4 Asia-Pacific Hospital Beds Market, by Technology, 2021–2030 (USD Million)
Table 5 Asia-Pacific Powered Hospital Beds Market, by Type, 2021–2030 (USD Million)
Table 6 Asia-Pacific Powered Hospital Beds Market, by Country, 2021–2030 (USD Million)
Table 7 Asia-Pacific Electric Hospital Beds Market, by Country, 2021–2030 (USD Million)
Table 8 Asia-Pacific Semi-electric Hospital Beds Market, by Country, 2021–2030 (USD Million)
Table 9 Asia-Pacific Manual Hospital Beds Market, by Country, 2021–2030 (USD Million)
Table 10 Asia-Pacific Smart Hospital Beds Market, by Country, 2021–2030 (USD Million)
Table 11 Asia-Pacific Hospital Beds Market, by Type of Care, 2021–2030 (USD Million)
Table 12 Asia-Pacific Hospital Beds Market for Curative Care, by Country, 2021–2030 (USD Million)
Table 13 Asia-Pacific Hospital Beds Market for Long-term Care, by Country, 2021–2030 (USD Million)
Table 14 Asia-Pacific Hospital Beds Market for Rehabilitative Care, by Country, 2021–2030 (USD Million)
Table 15 Asia-Pacific Hospital Beds Market, by Healthcare Facility, 2021–2030 (USD Million)
Table 16 Asia-Pacific Hospital Beds Market for Critical Care Unit, by Country, 2021–2030 (USD Million)
Table 17 Asia-Pacific Hospital Beds Market for Bariatric Care Unit, by Country, 2021–2030 (USD Million)
Table 18 Asia-Pacific Hospital Beds Market for Long-term Care Unit, by Country, 2021–2030 (USD Million)
Table 19 Asia-Pacific Hospital Beds Market for Homecare Settings, by Country, 2021–2030 (USD Million)
Table 20 Asia-Pacific Hospital Beds Market for Med-surg Care Unit, by Country, 2021–2030 (USD Million
Table 21 Asia-Pacific Hospital Beds Market for Pediatric Care Unit, by Country, 2021–2030 (USD Million)
Table 22 Asia-Pacific Hospital Beds Market for Maternal Care Unit, by Country, 2021–2030 (USD Million)
Table 23 Asia-Pacific: Hospital Beds Market, by Country, 2021-2030 (USD Million)
Table 24 Asia-Pacific: Hospital Beds Market, by Product, 2021-2030 (USD Million)
Table 25 Asia-Pacific: Hospital Beds Market, by Technology, 2021-2030 (USD Million)
Table 26 Asia-Pacific: Powered Hospital Beds Market, by Type, 2021-2030 (USD Million)
Table 27 Asia-Pacific: Hospital Beds Market, by Type of Care, 2021-2030 (USD Million)
Table 28 Asia-Pacific: Hospital Beds Market, by Healthcare Facility, 2021-2030 (USD Million)
Table 29 China: Hospital Beds Market, by Product, 2021-2030 (USD Million)
Table 30 China: Hospital Beds Market, by Technology, 2021-2030 (USD Million)
Table 31 China: Powered Hospital Beds Market, by Type, 2021-2030 (USD Million)
Table 32 China: Hospital Beds Market, by Type of Care, 2021-2030 (USD Million)
Table 33 China: Hospital Beds Market, by Healthcare Facility, 2021-2030 (USD Million)
Table 34 Japan: Hospital Beds Market, by Product, 2021-2030 (USD Million)
Table 35 Japan: Hospital Beds Market, by Technology, 2021-2030 (USD Million)
Table 36 Japan: Powered Hospital Beds Market, by Type, 2021-2030 (USD Million)
Table 37 Japan: Hospital Beds Market, by Type of Care, 2021-2030 (USD Million)
Table 38 Japan: Hospital Beds Market, by Healthcare Facility, 2021-2030 (USD Million)
Table 39 India: Hospital Beds Market, by Product, 2021-2030 (USD Million)
Table 40 India: Hospital Beds Market, by Technology, 2021-2030 (USD Million)
Table 41 India: Powered Hospital Beds Market, by Type, 2021-2030 (USD Million)
Table 42 India: Hospital Beds Market, by Type of Care, 2021-2030 (USD Million)
Table 43 India: Hospital Beds Market, by Healthcare Facility, 2021-2030 (USD Million)
Table 44 Australia: Hospital Beds Market, by Product, 2021-2030 (USD Million)
Table 45 Australia: Hospital Beds Market, by Technology, 2021-2030 (USD Million)
Table 46 Australia: Powered Hospital Beds Market, by Type, 2021-2030 (USD Million)
Table 47 Australia: Hospital Beds Market, by Type of Care, 2021-2030 (USD Million)
Table 48 Australia: Hospital Beds Market, by Healthcare Facility, 2021-2030 (USD Million)
Table 49 Singapore: Hospital Beds Market, by Product, 2021-2030 (USD Million)
Table 50 Singapore: Hospital Beds Market, by Technology, 2021-2030 (USD Million)
Table 51 Singapore: Powered Hospital Beds Market, by Type, 2021-2030 (USD Million)
Table 52 Singapore: Hospital Beds Market, by Type of Care, 2021-2030 (USD Million)
Table 53 Singapore: Hospital Beds Market, by Healthcare Facility, 2021-2030 (USD Million)
Table 54 Indonesia: Hospital Beds Market, by Product, 2021-2030 (USD Million)
Table 55 Indonesia: Hospital Beds Market, by Technology, 2021-2030 (USD Million)
Table 56 Indonesia: Powered Hospital Beds Market, by Type, 2021-2030 (USD Million)
Table 57 Indonesia: Hospital Beds Market, by Type of Care, 2021-2030 (USD Million)
Table 58 Indonesia: Hospital Beds Market, by Healthcare Facility, 2021-2030 (USD Million)
Table 59 South Korea: Hospital Beds Market, by Product, 2021-2030 (USD Million)
Table 60 South Korea: Hospital Beds Market, by Technology, 2021-2030 (USD Million)
Table 61 South Korea: Powered Hospital Beds Market, by Type, 2021-2030 (USD Million)
Table 62 South Korea: Hospital Beds Market, by Type of Care, 2021-2030 (USD Million)
Table 63 South Korea: Hospital Beds Market, by Healthcare Facility, 2021-2030 (USD Million)
Table 64 New Zealand: Hospital Beds Market, by Product, 2021-2030 (USD Million)
Table 65 New Zealand: Hospital Beds Market, by Technology, 2021-2030 (USD Million)
Table 66 New Zealand: Powered Hospital Beds Market, by Type, 2021-2030 (USD Million)
Table 67 New Zealand: Hospital Beds Market, by Type of Care, 2021-2030 (USD Million)
Table 68 New Zealand: Hospital Beds Market, by Healthcare Facility, 2021-2030 (USD Million)
Table 69 Rest of Asia-Pacific: Hospital Beds Market, by Product, 2021-2030 (USD Million)
Table 70 Rest of Asia-Pacific: Hospital Beds Market, by Technology, 2021-2030 (USD Million)
Table 71 Rest of Asia-Pacific: Powered Hospital Beds Market Size, by Type, 2021-2030 (USD Million)
Table 72 Rest of Asia-Pacific: Hospital Beds Market, by Type of Care, 2021-2030 (USD Million)
Table 73 Rest of Asia-Pacific: Hospital Beds Market, by Healthcare Facility, 2021-2030 (USD Million)
Table 74 Recent Developments, by Company, 2020–2023
List of Figures
Figure 1 Research Process
Figure 2 Key Secondary Sources
Figure 3 Primary Research Techniques
Figure 4 Key Executives Interviewed
Figure 5 Breakdown of Primary Interviews (Supply-Side & Demand-Side)
Figure 6 Market Estimation
Figure 7 Asia-Pacific Hospital Beds Market, by Product, 2023–2030 (USD Million)
Figure 8 Asia-Pacific Hospital Beds Market, by Technology, 2023–2030 (USD Million)
Figure 9 Asia-Pacific Hospital Beds Market, by Type of Care, 2023–2030 (USD Million)
Figure 10 Asia-Pacific Hospital Beds Market, by Healthcare Facility, 2023–2030 (USD Million)
Figure 11 Asia-Pacific Hospital Beds Market, by Country, 2023–2030 (USD Million)
Figure 12 Impact Analysis: Asia-Pacific Hospital Beds Market
Figure 13 Market Dynamics: Asia-Pacific Hospital Beds Market
Figure 14 Asia-Pacific Hospital Beds Market, by Product, 2023 Vs. 2030 (USD Million)
Figure 15 Asia-Pacific Hospital Beds Market, by Technology, 2023 Vs. 2030 (USD Million)
Figure 16 Asia-Pacific Hospital Beds Market, by Type of Care, 2023 Vs. 2030 (USD Million)
Figure 17 Asia-Pacific Hospital Beds Market, by Healthcare Facility, 2023 Vs. 2030 (USD Million)
Figure 18 Asia-Pacific Hospital Beds Market, by Country, 2023 Vs. 2030 (USD Million)
Figure 19 Asia-Pacific Hospital Beds Market, by Product, 2023 Vs. 2030 (USD Million)
Figure 20 Asia-Pacific Hospital Beds Market, by Technology, 2023 Vs. 2030 (USD Million)
Figure 21 Asia-Pacific Hospital Market, by Type of Care, 2023 Vs. 2030 (USD Million)
Figure 22 Asia-Pacific Hospital Beds Market, by Healthcare Facility, 2023 Vs. 2030 (USD Million)
Figure 23 Asia-Pacific Hospital Beds Market, by Country, 2023 Vs. 2030 (USD Million)
Figure 24 Asia-Pacific Hospital Beds Market Snapshot
Figure 25 Key Growth Strategies Adopted by Leading Players (2020–2023)
Figure 26 Asia-Pacific Hospital Beds Market: Vendor Dashboard
Figure 27 Asia-Pacific Hospital Beds Market: Competitive Benchmarking, by Type
Figure 28 Stryker Corporation: Financial Snapshot, 2022
Figure 29 Hill-Rom Holdings, Inc.: Financial Snapshot, 2022
Figure 30 Getinge AB: Financial Snapshot, 2022
Figure 31 Invacare Corporation: Financial Snapshot, 2022
Figure 32 Paramount Bed Holdings, Co. Ltd.: Financial Snapshot, 2022
Figure 33 Savaria Corporation: Financial Snapshot, 2022
Published Date: Oct-2024
Published Date: Jul-2024
Published Date: Jul-2024
Published Date: Jul-2024
Published Date: Jul-2024
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