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

 

Hospital Beds Market

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, 2022 – 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 bed 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 6.3% 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.

Comments

Post a Comment

Popular posts from this blog

Forging has significant application in creation of various metal for wide range of applications

Image
Forging refers to any process that produces metal from scratch by subjecting it to an external force. Metal forgers can be persons or machines. This techniques may involve grinding (for example, to produce alloyed steel) or may involve the application of pressure to apply heat to the metal piece until it is malleable. The actual process depends on various factors, including the material being forged, its shape, and the degree of stress that is placed on it. Forged grain is the product of Forging with grains of metals pushed against each other through a forge-like tool and into the cladding that forms the final shape of the metal after it has been done. It is the principal production process in most metals. It uses local or repetitive thrusts delivered by a hammer or die to apply mechanical blows to the metal piece until it becomes malleable. It is frequently classified according to the speed at which it's done: fast, cold, or hot. There are many types of forgers available today...
Read more

Ginseng Market Outlook, Analysis and forecast up to 2028

Image
  Ginseng Market Ginseng is a slow-growing perennial plant with green oval-shaped leaves and meaty roots that can persist for more than a century. Ginseng is classified into two types: American ginseng and Asian ginseng. Panax quinquefolius is the scientific name for American ginseng, whereas Panax ginseng is the scientific name for Asian ginseng. Ginseng is widely used as a herb to increase the body's energy levels. Ginseng's antioxidant and anti-inflammatory qualities serve to enhance the immune system, lowering the risk of viral and microbial infections. Ginseng also helps to lower the risk of diseases such as lung cancer, skin cancer, and liver cancer. Other health advantages of ginseng include lower blood sugar levels and improved cognitive functions such as memory and conduct. Ginseng is mostly grown in the United States, Canada, and South Korea. Ginseng has been used as a herbal medicine in China for generations, and the country is one of its largest users. Asia Pacifi...
Read more

The Vaccine Contract Manufacturing Industry to Flourish Due to Urgent Need to Develop Reliable and Cost-Effective Vaccines against Covid-19

Image
Germany Vaccine Contract Manufacturing industry is expected to witness significant growth in the near future, due to emergence of Covid-19. In Germany, from 3 January 2020 to 4:06pm CEST, 18 August 2021, there have been 3,835,375 confirmed cases of COVID-19 with 91,921 deaths, reported to WHO. As of 15 August 2021, a total of 97,884,043 vaccine doses have been administered. The increasing demand for safe and cost-effective vaccines due to unmatchable quality, consistent delivery, and unparalleled security, have contributed to the increasing growth and scope of this industry. The increasing demand for vaccines and resulting profit potential have led to significant growth in the number of contract manufacturing plants located across the world. A major focus of such plants is developing cost effective, high quality vaccines that could be made available to public health organizations and other medical organizations. Several new and innovative technologies are also being developed to man...
Read more