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According to the latest report by IMARC Group, titled “Hospital Beds Market Share : Global Industry Trends, Size, Growth, Opportunity and Forecast 2023-2028,” The global hospital beds market is expected to exhibit a CAGR of 3.7% during 2023-2028.
A hospital bed refers to an essential component of the healthcare infrastructure across clinics, hospitals and nursing homes. Widely used during examinations, treatment and transportation of patients, these beds are designed to offer utmost comfort and support to the patients while securing them from external damage during the span of their hospitalization. They can be operated electrically or manually depending upon the product variant. Some of these beds have electronic buttons to operate in case of emergency with changeable height settings, while others can be adjusted using hand cranks. The inclination or reclination of these beds can be adjusted as per the patient’s comfort.
Global Hospital Beds Market Trends:
The market is primarily driven by the increasing incidences of medical ailments, such as cancer and cardiovascular disorders (CVDs) across the globe. Along with this, the rapid outbreak of the coronavirus disease (COVID-19) has led a majority of the patients to be admitted to intensive care units (ICUs) for their treatment. A significant increase in hospitalization rates has consequently impelled the demand for hospital beds across the healthcare sector.
The market is further driven by the growing preference for home healthcare services. The increasing geriatric population, along with the rising prevalence of chronic lifestyle diseases, has resulted in the increasing requirement for intensive care and healthcare facilities in residential settings to assist in maintaining and restoring the health of the patients. This, in turn, is creating a positive outlook for the market. Moreover, inflating disposable incomes of the masses have facilitated the uptake of key healthcare components, including hospital beds, on the global level. Apart from this, numerous players are now integrating these beds with the internet of things (IoT) and power mattresses. These product variants aid in the redistribution of pressure to improve the blood circulation in bed-ridden patients, thereby contributing to their widespread prominence among the masses.
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Global Hospital Beds Market 2023-2028 Analysis and Segmentation:
Competitive Landscape:
The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.
Health Products Inc., Getinge AB, Hill-Rom Holdings Inc., Invacare Corporation, Malvestio S.P.A., Stryker Corporation, Paramount Bed Holdings Co. Ltd., Savion Industries, Span-America Medical Systems Inc. (Savaria Corporation) and Stiegelmeyer GmbH & Co. KG.
The report has segmented the market on the basis on region, technology, bed type, usage and end user.
Breakup by Technology:
Electric Beds
Semi-Electric Beds
Manual Beds
Breakup by Bed Type:
Regular Beds
Pediatrics Bed
Respiratory Beds
ICU Beds
Bariatric Beds
Birthing Beds
Pressure Relief Beds
Others
Breakup by Usage:
Critical Care
Acute Care
Long-Term Care
Breakup by End User:
Hospitals and Clinics
Ambulatory Surgery Centers (ASCs)
Others
Breakup by Region:
North America: (United States, Canada)
Asia Pacific: (China, Japan,India, South Korea, Australia, Indonesia, Others)
Europe: (Germany, France,United Kingdom, Italy, Spain, Russia, Others)
Latin America: (Brazil, Mexico, Others)
Middle East and Africa
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Key highlights of the report:
Market Performance (2017-2022)
Market Outlook (2023- 2028)
Porter’s Five Forces Analysis
Market Drivers and Success Factors
SWOT Analysis
Value Chain
Comprehensive Mapping of the Competitive Landscape
If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization
About Us:
IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.
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