Rising Prevalence of Chronic Diseases To Boost The Hospital Beds Market Growth

 

Hospital Beds

Hospital Beds Market, by Usage (Psychiatric Care Beds, Acute Care Beds, Long- term Care Beds, and Others (Bariatric Beds and Maternity)), by Application (Non-intensive Care Beds and Intensive Care Beds), by Type (Manual Beds, Semi-electric Beds, and Electric Beds), by End User (Ambulatory Surgical Centers, Hospitals, Elderly Care Facilities, Home Care Settings, and Others), and by Region (Europe, North America, Asia Pacific,  Africa , Latin America and Middle East) - Size, Share, Outlook, and Opportunity Analysis, 2023 – 2030

The Global Hospital Beds Market Is Estimated To Be Valued At US$ 4,151.9 Million In 2022 And Is Expected To Exhibit A CAGR Of 6.3% During The Forecast Period (2022-2030).

Market Overview:

A Hospital Bed is a type of bed made for admitted patients or the others who are in need of the bed for the treatment. These beds have advanced features which provide both comfort and health of the patient and for the ease of the hospital workers. General features are compressible height for the whole bed, head and the feet and also contain electric buttons to use both the bed and also the electronic devices that are available nearby.

Competitive Landscape:

Key players operating in the global hospital beds market are Invacare Corporation, Antano Group S.R.L, Stryker Corporation, Amico Corporation, Hill-Rom Holdings, Linet Spol. S.R.O., Inc., Stiegelmeyer GmbH & Co. Kg, Getinge AB, Medline Industries, Inc., and Midmark Corporation.

Market Key Drivers:

Rising prevalence of chronic diseases is anticipated to augment the growth of the global Hospital Beds Market. As per NHC, nearly 157 million people suffer with chronic diseases out of which 81 million suffer from multiple disorders which estimates half of the population and around 8% of the children.

Furthermore, rising medical infrastructure, expansions and development of the hospital is anticipated to drive the growth of the global hospital beds market. For instance, in October 2019, the Texas HHS and Dell Medical School at the Texas University approved the construction of new healthcare centers.

Covid-19 Impact Analysis:

The covid-19 outbreak had led to the negative impact on the growth of the global Hospital Beds Market due to rising number of covid-19 cases and patients occupying the bed which led to the shortage of beds for people with normal health issues and also the restrictions and imposition of lockdowns due to which people stopped travelling from one place to another.

Key Takeaways:

The global Hospital Beds Market is expected to exhibit a CAGR of XX % during the forecast period owing to the rising geriatric population being hospitalized for several treatments. For instance, as per the UN org. nearly 703 million people are above 65 years worldwide as of 2019 and the count is projected to reach 1.5 billion by 2050.

Among regions, North America, Asia Pacific and Europe anticipated to witness robust growth in the global Hospital Beds Market due to spending in the hospital organizations, rising elderly population and rising healthcare infrastructure.  For instance, as per ACL the number of people above 65 years and old is 54.1 million as of 2019 which accounts for  16% of the total population.