South Korea Hospital Bed Market Size, Share, and COVID-19 Impact Analysis, By Type (Acute Care, Long-Term Care, Psychiatric Bariatric Care, and Others), By Power (Electric, Semi-Electric, and Manual), and South Korea Hospital Bed Market Insights, Industry Trend, Forecasts to 2035

South Korea Hospital Bed Market Insights Forecasts to 2035

• The South Korea Hospital Bed Market Size was Estimated at USD 85.0 Million in 2024
• The Market Size is Expected to Grow at a CAGR of around 8.94% from 2025 to 2035
• The South Korea Hospital Bed Market Size is Expected to Reach USD 218.0 Million by 2035

According to a research report published by Spherical Insights & Consulting, The South Korea Hospital Bed Market Size is anticipated to reach USD 218.0 Million by 2035, growing at a CAGR of 8.94% from 2025 to 2035. South Korea's rapidly aging population is the main factor driving the country's hospital bed market growth, as it raises demand for both acute care and long-term beds.

Market Overview

The South Korea hospital bed market refers to the industry devoted to the production, distribution, and innovation of hospital beds utilized in South Korean healthcare facilities, such as clinics, hospitals, and home care, is known as the South Korea hospital bed market. Additionally, the government's emphasis on enhancing the healthcare system adds to the rising need for modern hospital equipment. The need for specialized hospital beds is also greatly influenced by the community's high prevalence of chronic illnesses. Additionally, patients are choosing treatment in more familiar and comfortable settings, contributing to the growing trend toward home healthcare solutions. Opportunities for adaptable and portable hospital beds meant for at-home use are created by this modification. South Korean manufacturers should look into integrating contemporary technology into hospital beds, such as smart beds with sensors that track patient comfort and health, in order to take advantage of these advancements. Healthcare facilities can increase bed occupancy rates and patient outcomes by implementing such technologies. Environmentally friendly materials are also becoming more and more important in the production of hospital beds, which is consistent with South Korea's commitment to sustainability and health-conscious initiatives. Healthcare providers and bed manufacturers have been working together more in recent years to create customized solutions that cater to individual patient needs.

Report Coverage

This research report categorizes the market for the South Korea hospital bed market based on various segments and regions and forecasts revenue growth and analyses trends in each submarket. The report analyses the key growth drivers, opportunities, and challenges influencing the South Korea hospital bed market. Recent market developments and competitive strategies such as expansion, product launch, and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key market players and analyses their core competencies in each sub-segment of the South Korea hospital bed market.

Driving Factors

Given to technological advancements in hospital bed designs, the South Korean hospital bed market is expected to grow. Smart beds that have sensors and automated functions to track patients' health are among the innovations that are becoming more and more popular. The Ministry of Health and Welfare reports that investments in modernizing hospital equipment, including beds, have steadily increased in South Korea's healthcare sector. These developments boost healthcare providers' operational efficiency while simultaneously enhancing patient comfort and safety. With a strong emphasis on improving patient care, these technological advancements are probably going to increase demand for hospital beds.

Restraining Factors

The high cost of advanced beds, which restricts adoption in smaller facilities, and space limitations in urban hospitals are major factors impeding the market for hospital beds in South Korea. Furthermore, slow integration of smart technologies and restricted reimbursement policies prevent widespread deployment.

Market Segmentation

The South Korea hospital bed market share is classified into type and power.

• The acute care segment held a significant share in 2024 and is expected to grow at a significant CAGR during the forecast period.

The South Korea hospital bed market is segmented by type into acute care, long-term care, psychiatric bariatric care, and others. Among these, the acute care segment held a significant share in 2024 and is expected to grow at a significant CAGR during the forecast period. Acute care beds are an important component of this market since they are essential in providing patients with serious medical conditions with prompt treatment and monitoring. In order to increase patient throughput and create effective recovery environments, hospitals are investing more and more in advanced acute care beds with features that improve patient comfort and safety.

• The electric segment held a significant share in 2024 and is expected to grow at a significant CAGR during the forecast period.

The South Korea hospital bed market is segmented by power into electric, semi-electric, and manual. Among these, the electric segment held a significant share in 2024 and is expected to grow at a significant CAGR during the forecast period. The increased functionality of electric beds, which enable precise adjustments for patient comfort and reduce caregiver workload, has led to their increasing preference.

Competitive Analysis:

The report offers the appropriate analysis of the key organizations/companies involved within the South Korea hospital bed market along with a comparative evaluation primarily based on their product offering, business overviews, geographic presence, enterprise strategies, segment market share, and SWOT analysis. The report also provides an elaborative analysis focusing on the current news and developments of the companies, which includes product development, innovations, joint ventures, partnerships, mergers & acquisitions, strategic alliances, and others. This allows for the evaluation of the overall competition within the market.

List of Key Companies

• Kangnam Corporation
• Caring
• Nanoori Hospital
• MediHeroes
• Others

Recent Developments:

• In May 2025, Kangbuk Samsung Hospital had announced the acquisition of advanced hospital beds from Hernan Medical to enhance patient care and service delivery. This move reflected a broader trend in South Korea’s hospital bed market, where smart healthcare investments had intensified competition among key players like Invacare and Samsung Medison.

Key Target Audience

• Market Players
• Investors
• End-users
• Government Authorities 
• Consulting and Research Firm
• Venture capitalists
• Value-Added Resellers (VARs)

Market Segment

This study forecasts revenue at South Korea, regional, and country levels from 2020 to 2035. Spherical Insights has segmented the South Korea Hospital Bed Market based on the below-mentioned segments:

South Korea Hospital Bed Market, By Type

• Acute Care
• Long-Term Care
• Psychiatric Bariatric Care
• Others

South Korea Hospital Bed Market, By Power

• Electric
• Semi-Electric
• Manual