Hospital Beds Market - By Power (Electric, Semi-Electric, Manual), By Type (Acute Care, Long-Term Care, Psychiatric & Bariatric Care, Others), , By End Users (Hospital, Clinics, Ambulatory) – Industry Forecast 2027
|ID: VPR/HC/1032||Publishing Year: October 2021||Pages: 105||Format:|
Hospital Beds Market Overview:
The Hospital Beds Market is projected to grow from USD 3 billion in 2020 to reach USD 5 billion by 2027; it is expected to grow at a CAGR of 7.57% from 2020 to 2027.
Beds are one of the most important pieces of hospital equipment, as patients are usually unable to move around while receiving treatment, and rest is often required. Beds must be designed in such a way that they give optimal support and comfort for patients admitted to the hospital with critical conditions. The healthcare sector is at an all-time high due to the rising frequency of many ailments, and as a result, the Worldwide Hospital Beds Market is expected to increase at a healthy rate from 2016 to 2024.
This study on the Hospital Beds Market Examines all of the elements that are projected to have an impact on the growth rate in the near future, as well as forecasts for the industry's future status through 2024. The research is based on interviews and discussions with a diverse group of industry participants and thought leaders. The study also profiles some of the major companies, examining their market share, product portfolios, regional presence, and recent strategic moves such as mergers, collaborations, acquisitions, and other announcements.
- Hill-Rom Holdings,
- Stryker Corporation,
- Linetspol. s r.o.,
- Invacare Corporation,
- Paramount Bed Holdings Co., Ltd.,
- Gendron Inc.,
- Getinge AB
With the devastating epidemic of COVID-19, there is a global demand for advanced healthcare services and infrastructure to treat sick people that has never been seen before. Medical/hospital beds, particularly ICU beds, are in high demand in the majority of countries around the world as a result of an increase of COVID-19 patients. However, with the present COVID-19 pandemic rapidly spreading, available healthcare bed capacity is insufficient, and the Global Healthcare Business is experiencing a shortage of Hospital Beds. The Institute for Health Metrics and Evaluation predicted a deficit of 16,323 beds in the United States by April 2020. Similarly, ICU beds are in limited supply in a number of European countries. In addition, rising COVID-19 cases in Asia Pacific and Latin American countries such as India, Australia, Pakistan, Brazil, Argentina, and Mexico may highlight a medical/hospital bed scarcity in the coming months.
In the next years, the rise in chronic diseases like as cancer and other life-threatening illnesses is expected to fuel the expansion of the Hospital Beds Industry.
The improvement in ambulatory systems and hospitals is expected to create a positive picture for the hospital beds market size in the near future.
The increase in hospitalisation of the elderly who are suffering from major illnesses is expected to contribute to the Hospital Beds Market Growth.
The Hospital Bed Market will be propelled by an increase in emergency hospital visits due to better insurance coverage and higher disposable money than previously.
Hospital Beds Market are expected to be held back in the near future due to high procurement costs associated with sophisticated beds.
The Hospital Beds Market is growing due to rapid advancements in healthcare technology, increased healthcare spending, and increased resources for research and development.
Type, Power, and Region are all factors that may be used to segment the Worldwide Hospital Bed Market. General beds, paediatric beds, pressure relief beds, bariatric beds, and birthing beds are the various types of beds available. Acute care beds, long-term care beds, and critical care beds are the three types of beds available. The Hospital Beds Market can be divided into three categories based on power: electric beds, manual beds, and semi-electric beds. Geographically, the paper looks at the possibilities in North America, Asia Pacific, Europe, and the Rest of the World.
Increasing expenditure in Europe's medical industry and Healthcare organisations is likely to keep Europe as the most attractive regional market during the forecast period. Because of its strong Healthcare Infrastructure, North America is the second most profitable region, while Asia Pacific is expected to grow at the fastest rate due to its large population base and improving Healthcare Infrastructure In emerging economies like India, China, Japan, Australia, and South Korea.
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