Credit: Sugandh Khandelwal
Indian Hospital Beds Market was valued at USD 834.61 million by 2024 and is anticipated to reach USD 1315.10 Million by 2030, with a CAGR of 7.99% during 2025-2030. One of the primary drivers of the hospital beds market in India is the increasing prevalence of chronic diseases.Additionally, India’s aging population is another significant factor contributing to market growth.The emergence of smart beds and beds with advanced features is another factor driving market growth.
As of 2020, India possesses a total of 43,486 private hospitals, 1.18 million beds, 59,264 ICUs, and 29,631 ventilators. In contrast, there are 25,778 public hospitals with 713,986 beds, 35,700 ICUs, and 17,850 ventilators. Private infrastructure constitutes approximately 62% of India’s overall health infrastructure.
Conditions like heart disease (In India, the burden of cardiovascular disease (CVD) is significantly greater than the global average. For instance, the age-standardized death rate for CVD in India (282 deaths per 100,000) exceeds the global rate (233 deaths per 100,000)), diabetes, and cancer necessitate long-term patient care, often require hospital stays. This not only increases the demand for hospital beds but also highlights the importance of having adequate and well-equipped healthcare facilities.
As the elderly population increases, so does the need for healthcare services, including hospital stays. According to the UN Population Fund, the number of elderly people in India is expected to reach 173 million by 2026, illustrating the potential for increased demand for hospital beds. Providing comfortable and specialized care for the elderly becomes crucial in this context.
Likewise, the emergence of smart beds and beds with advanced features such as electric adjustability, side rails, and in-built pressure relief mattresses is another trend shaping the future of India’s hospital beds market. These advancements not only enhance patient comfort but also improve the overall quality of care. Healthcare providers are increasingly investing in these advanced beds to ensure better patient outcomes and satisfaction.
Unpacking the Key Growth Catalysts
Currently, there is a considerable gap between the number of hospital beds available in the country and the number required. However, there are trends that paint a brighter picture for the market. For example, the government’s increasing focus on improving the healthcare infrastructure has led to a surge in healthcare budgets.
According to the National Health Accounts estimates for 2019-20, notable advancements in the health sector include a rise in total health expenditure from Rs 4,83,259 crore in 2014-15 to Rs 6,55,822 crore in 2019-20. Furthermore, government health expenditure as a percentage of GDP has increased from 1.13% in 2014-15 to 1.35% in 2019-20, demonstrating the government’s dedication to augmenting investments in the health sector.This increase in funding has enabled hospitals to invest in more advanced and comfortable hospital beds, thereby driving the market growth.
If we take a look at the gap, India needs an additional 2.4 million hospital beds to reach the recommended ratio. However, the rising healthcare expenditure is expected to help bridge this gap, contributing to the growth of the hospital beds market.
Moreover, the demand for hospital beds is not only driven by the need to meet the current ratio but also by the increasing complexity of medical procedures and the growing elderly population. With advancements in medical technology and an aging population, there is a greater need for specialized hospital beds that cater to specific medical conditions and provide enhanced comfort and care.
The government has launched initiatives like the Pradhan Mantri Swasthya Suraksha Yojana (PMSSY), a comprehensive healthcare program aimed at correcting regional imbalances in the availability of reliable and affordable tertiary healthcare services. This initiative has been instrumental in not only establishing new hospitals but also upgrading existing ones, ensuring that the healthcare needs of the population are met.
Rise in healthcare expenditure driving investment in medical furniture
In India, the private sector investment in healthcare infrastructure has been robust, with private hospitals emerging as key players in the industry. These hospitals are not only increasing in number but also becoming more advanced, equipped with state-of-the-art facilities and cutting-edge medical technologies.
This advancement in private healthcare facilities has created a demand for high-quality beds, contributing to the growth of the hospital beds market. In 15 states of India, private infrastructure comprises 69-70% of the total health infrastructure. In other states where government infrastructure equals or exceeds private infrastructure, private facilities constitute around 35-36% of the health infrastructure.
Uttar Pradesh, Karnataka, and Maharashtra stand out as the top three states with the largest disparity between private and public health infrastructure. These states collectively account for 31% of India’s population. Uttar Pradesh and Maharashtra have private infrastructure exceeding public infrastructure byapproximately 128,000 beds, 6,400 ICUs, and 3,200 ventilators. In Karnataka, private infrastructure exceeds public infrastructure by 122,667 beds, 6,133 ICUs, and 3,067 ventilators.
The medical furniture market, which includes hospital beds, is a growing segment of India’s healthcare industry. The rise in healthcare expenditure has resulted in increased investment in medical furniture,leading to market growth. Hospitals and healthcare facilities are now prioritizing the procurement of high-quality, durable, and technologically advanced hospital beds to meet the evolving needs of patients and healthcare providers.
Understanding the Obstacles in India’s Hospital Bed Market
Hospital beds are a significant investment for any healthcare facility.Modern hospital beds come equipped with advanced features such as electric adjustability, side rails, and built-in pressure relief mattresses. These features not only enhance patient comfort but also contribute to the overall well-being and safety of the patients during their stay.
Moreover, the initial purchase cost is just one part of the equation. Hospital beds require regular maintenance to ensure they function properly and remain in optimal condition. This includes routine inspections, repairs, and timely replacement of parts. By investing in proper maintenance, healthcare facilities can prolong the lifespan of the beds and minimize the risk of malfunctions or breakdowns, ultimately leading to better patient outcomes.
It is worth noting that healthcare facilities, especially public hospitals, often operate under tight budget constraints. The high cost of purchasing, maintaining, and operating hospital beds can be a significant financial burden. This challenge is particularly acute in India, where healthcare spending per capita is relatively low compared to other countries.
Product Type Insights
Based on the category of product type, the general beds segment emerged as the dominant player in the Indian market for hospital beds in 2024. General beds, also known as standard or manual beds, are typically more affordable compared to specialized beds such as ICU beds, birthing beds, and respiratory beds. This cost advantage makes general beds a practical choice for a larger number of hospitals, particularly those operating under tight budget constraints.
With their versatility, general beds can accommodate a wide range of patients, offering a flexible solution that caters to diverse needs. This adaptability further enhances their appeal to hospitals seeking a cost-effective and efficient option. It is worth noting that smaller hospitals, particularly those with up to 100 beds, dominate the market in India, especially in rural and suburban areas. These hospitals often opt for general beds due to their affordability and versatility, ensuring that they can provide quality care to their patients while managing their resources effectively.
Regional Insights
North India emerged as the dominant region in the India Hospital Beds Market in 2024, holding the largest market share in terms of both value and volume. North India, a region known for its vibrant culture and diverse landscapes, is home to some of the most populous states in the country, including Uttar Pradesh, Bihar, and Rajasthan. With a significant population density, the demand for healthcare services is naturally higher in this region. The need for hospital beds is particularly prominent, as the growing population seeks access to quality healthcare.
Fortunately, North India boasts a robust healthcare infrastructure with a substantial number of both public and private hospitals. This ensures that residents have access to a wide range of medical facilities and services. Among these, the Delhi National Capital Region (NCR) stands out, offering exceptional opportunities for revenue generation per bed. This is primarily due to the significant supply-demand mismatch in the country, making Delhi NCR a highly sought-after destination for healthcare services.
Top Players Shaping the Hospital Bed Market in India
A subsidiary of Paramount Bed Co. Ltd. (Japan), one of the largest manufacturers of hospital beds globally. Paramount Bed India offers high-quality electric and manual hospital beds. Itis a leading brand with strong market presence, known for innovative and ergonomic bed designs.
Medtronic
A global leader in medical technology, Medtronic is known for its comprehensive healthcare solutions, including hospital beds and related technologies.It has strong presence in both domestic and international markets with a broad range of healthcare products.
Stryker Corporation
An American multinational medical technologies company, Stryker is a key player in the hospital bed market, known for its advancedcritical care bed solution. Known for its advanced bed technology, Stryker has a prominent market share in India’s premium bed segment.
Hill-Rom India Pvt. Ltd.
Hill-Rom, a subsidiary of Baxter International, is a leading provider of medical equipment and services, including specialty beds (e.g., birthing beds),hospital beds and patient care solutions.It has strong presence in both hospital and homecare markets with a reputation for high-quality, durable products.
Nems India Pvt. Ltd.
A domestic player in the hospital bed manufacturing sector, Nems India focuses on providing cost-effective and durable solutions. Its key offerings are Manual and electric hospital beds, ICU beds, and patient stretchers. It ispopular in smaller hospitals and healthcare facilities due to affordability and quality.
Invacare Corporation
A global player known for its wide range of homecare and hospital beds. Invacare has a growing footprint in India, particularly in the homecare segment.
GPC Medical Ltd.
A leading manufacturer and supplier of medical devices and hospital furniture in India.It is known for affordable products and widespread distribution across the Indian healthcare sector.
What is the branded vs non-branded ratio?
The branded vs non-branded ratio in the hospital bed market refers to the proportion of branded (well-known, internationally recognized companies) beds versus non-branded (local or unbranded) beds available in the market. This ratio is essential in understanding the market dynamics, consumer preferences, and pricing strategies.
Branded vs Non-Branded Ratio in India:
The exact ratio of branded vs non-branded beds varies based on the type of healthcare facility (private vs public) and region (urban vs rural). However, here are some general insights:
Premium Market (Private Hospitals and Urban Areas):
A significant portion of the market is captured by branded hospital beds, as these institutions prioritize quality, advanced features, and patient comfort.Theratio of branded beds in these settings can be as high as 60-70%, with the remainder being non-branded beds.
Budget-Conscious Market (Public Hospitals and Rural Areas):
Non-branded beds dominate the market due to their lower cost, which aligns with budget constraints in public healthcare and rural areas.Theratio of non-branded beds in these regions could range from 60-80%, with branded beds making up the remainder.
Forecast-How is the hospital bed market in India evolving in terms of growth rate?
Short-Term (1-3 years):The market will see steady growth with increased investment in hospital infrastructure, especially with government and private sector collaborations. The short-term growth rate is expected to be around 7-8% CAGR.
Long-Term (3-5 years):Over the next 3-5 years, the hospital bed market in India is expected to grow faster, reaching a CAGR of around 9-10% due to increased healthcare investments, rising population, and higher demand for specialized healthcare services.
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