Hospital Beds Market Research Report - Global forecast till 2023
The Global Hospital beds market is expected to witness immense growth during the forecast period. These beds are specially invented for hospitalized patients to provide feasible body positioning and necessary healthcare services. The technological inventions have introduced the electric and semi-electric beds that have changed the global market conspiracy considerably. The growing occurrence of chronic diseases and unstoppable infectious diseases like Corona and rising prevalence consequently increasing the necessity of hospitals and ambulatory services to cure them are expected to drive the global market with the highest possible CAGR.
The global hospital beds market is expanding immensely and is evaluated to reach USD 4,824.2 million by 2023 at a CAGR of 5.5% during the forecasted period. As per the WHO analysis, the count of people aged over people over 65 was 524 million in 2010, by 2050 it is evaluated to reach1.5 billion. However, the advancements in healthcare technology and increasing expenditure and development in the healthcare sector attribute market growth. Furthermore,
The high initial amount of advanced hospital beds such as electric and semi-electric beds may hinder the expansion of the market during the forecasted period.
The global hospital beds market is categorized based on the type, power, end-users, and regions. Based on types segment, the global hospital beds market is subdivided into long-term care, acute care, psychiatric & bariatric care, and others (maternity and rehabilitation beds). By the Power category, the market is classified as an electric bed, semi-electric bed, and manual bed. The end-user segment is further divided into hospitals, clinics, ambulatory, and others.
The regional analysis of the global hospital bed market has been segmented as Europe, the Americas, Asia-Pacific, and the Middle East & Africa.
Europe is leading the global hospital beds market followed by the Americas. The regional growth is attributed to the high healthcare spending, favorable reimbursement policies, well-established healthcare sector, and increasing government support. European hospital beds market is spread over two regions namely Western Europe and Eastern Europe; Western Europe grips the largest contribution of the market, which is majorly shared by Germany, the U.K., and France.
The Americas is driving the second-largest market The Americas holds the second largest market of global hospitals and be market owing to well-established healthcare infrastructure. The region is witnessed a substantial market expansion during the review period.
The Asia Pacific is the rapidly expanding hospital bed market in the world owing to emerging economies like China, India, and Japan. The increasing population of aged people, the rising number of healthcare centers, supporting government policies to encourage research and development are driving the regional market for the study period. According to MRFR analysis, the Asia-Pacific market is anticipated to reach CAGR 5.9% during the forecast period. However, The Middle East & Africa is growing slowly owing to low healthcare expenditure and limited technologies. The regional market is led by the Middle East region.
The Top Players in the Global Hospital Beds Market are Hill-Rom Holdings, Ltd., Gendron Inc., and Getinge AB Stryker Corporation, Linet spol. s r.o., Invacare Corporation, Paramount Bed Holdings Co.
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