Overview:
The hospital beds market is a critical segment of the healthcare industry, providing essential infrastructure for patient care and recovery within medical facilities. These beds are designed to accommodate the diverse needs of patients, offering features such as adjustable height, side rails, and specialized surfaces for pressure management. The market is driven by factors such as the growing global aging population, increasing prevalence of chronic diseases medical, and advancements in healthcare infrastructure. Technological innovations in hospital bed design, including electric and semi-electric beds, contribute to enhanced patient comfort and facilitate healthcare provider tasks.
Intensive care unit (ICU) beds, pediatric beds, and maternity beds are among the specialized categories catering to specific patient demographics and medical conditions. The COVID-19 pandemic has further emphasized the importance of hospital bed capacity and flexibility to manage surges in patient numbers. Additionally, the market is influenced by regulatory standards, hospital expansion projects, and the integration of smart technologies for monitoring and patient data management.
Hospital beds are a special type of bed that have been designed to serve the hospitalized patients. These beds can be both electric and semi-electric ones. The global hospital beds market is gaining high traction due to the increase in geriatric population and people suffering from diseases. The global hospital beds market has the potential to cross the valuation of USD 6.38 billion by the end of 2030 with a moderate CAGR of 7.5% during the forecast period of 2023 to 2030. Market Research Future (MRFR) in their latest analysis of the global hospital beds market report opens up potentials that can impact the market in the coming years.
As healthcare systems strive to improve patient outcomes and optimize resource utilization, the hospital beds market is expected to witness sustained growth. The demand for beds that promote infection control, ease of operation, and patient safety features is likely to drive ongoing research and development in the field, contributing to the evolution of hospital bed technologies in the coming years.
Competitive Landscape:
Various market players are showing substantial interest in the global hospital beds market report. The global market can be inspired by the strategic moves implemented by these companies to cement their individual growth and in the process, they are taking the global market ahead. MRFR, in their report on the market, profiled quite a few companies. These companies are by Stryker Corporation, Hill-Rom Holdings, Invacare Corporation, Linet spol. sr.o., Gendron Inc., Paramount Bed Holdings Co., Ltd., and Getinge AB.
Segmentation:
MRFR has made an attempt to read the global hospital beds market closely by segmenting it on the basis of type, power, and end-users. This analysis has a strong foundation in the volume-wise and value-wise analysis of the global market.
Based on types, the global hospital beds market outlook includes long-term care, acute care, psychiatric & bariatric care, and others (maternity and rehabilitation beds). The global market is expecting strong growth from the long-term care segment.
By power, the hospital beds market comprises electric bed, semi-electric bed, and manual bed. The electric bed segment is expected to receive strong traction due to hike in the global healthcare expenditure and investment to increase level of comfort for patients.
By end-users, the global hospital beds market includes hospital, clinics, ambulatory, and others. The hospital segment is expected to grow notably.
Regional Analysis:
The Americas, Europe, Asia Pacific (APAC), and the Middle East & Africa (MEA) are four regions that have been included in the global hospital beds market report, studied by MRFR. This report has a special focus on the growth pockets that can be explored later for a better understanding of the market flow.
Europe is dominating the global market that depends mostly on the contribution made by Western Europe where countries like France, Germany, the U.K, Spain, Italy, and others are doing great. The eastern region does not promise high growth as several countries are there with not much of strong economies. The Europe hospital beds market had a valuation of USD 3.33 billion in 2022 and is at present, deemed to grow with a CAGR of 7.5% during the forecasted period.
The Americas stands in the second spot. This growth is due to robust infrastructure, huge geriatric population, substantial investment capacity, high per capita income, and other features. It is also getting the benefits of the presence of countries like the U.S. and Canada who spend substantially to take the regional market ahead.
The APAC market is all set to gain from the increasing geriatric population, surging number of hospitals, and increasing government support to transform the healthcare sector and research & development. Such features have taken the regional market ahead. The MEA market would gain from the growth in the Middle East region. Africa would deter the growth rate due to the presence of several poor economies.
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