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2022
Hospital Beds Market

Hospital Beds Market by Bed Type (Regular Beds, Pediatrics Beds, Respiratory Beds, ICU Beds, Bariatric Beds, Birthing Beds, Pressure Relief Beds, and Others), Technology (Electric Beds, Semi-Electric Beds, and Manual Beds), Application (Critical Care, Acute Care, and Long-Term Care), and End User (Hospitals, Ambulatory Surgical Centers, and Others): Global Opportunity Analysis and Industry Forecast, 2021–2030

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COVID-19

Pandemic disrupted the entire world and affected many industries.

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Hospital beds provide better positioning for patients because they allow users to modify the position of the bed, allowing them to redistribute the pressure that the bed exerts from one part of the body to another, reducing the likelihood of bedsores. The hospital bed enables easy patient transfer as well as the convenience of lifting patients higher or lower while getting in and out of the bed. A hospital bed is one of the most efficient beds for somebody with limited mobility.

Furthermore, they are not exclusively employed in hospitals. They can be used at home if a family member becomes sick or if a bed is required for someone who has long-term health issues. During the critical period when patients are hospitalized, beds must be built in such a way that they provide maximum comfort while also protecting them from external damage. Hospital beds are expected to be loaded with extra amenities that enhance the patient's relief during the operation and recovery period.

Market Scope and Structure Analysis

Report Metric

Details

Market Size Available for Years

  2020–2030

  Base Year Considered

  2020

  Forecast Period

  2021–2030

  Forecast Unit

  Value (USD)

  Segments Covered

  Product Type, Application, End User, and Region

  Companies Covered

Getinge Group, Paramount Bed Co. Ltd., LINET spol. s r.o., Stryker, ArjoHuntleigh, Hill-Rom Holdings, Inc., Medline Industries, Inc., and Invacare Corporation

 

COVID-19 Impact Analysis

Because of the acute COVID-19 outbreak, there is tremendous a global demand for advanced healthcare services and infrastructure to treat infected people. As one of the most important components of healthcare services, medical/hospital beds, particularly ICU beds, are in high demand in the majority of countries globally to accommodate an influx of COVID-19 patients. However, with the present pandemic COVID-19 issue, the available healthcare bed capacity is insufficient, and the global healthcare business is experiencing a shortage of hospital beds.

The Institute for Health Metrics and Evaluation anticipated a shortfall of 16,323 beds in the U.S. in April 2020. Similarly, some European countries are experiencing a scarcity of ICU beds. Furthermore, the rise in the COVID-19 cases in the Asia-Pacific and Latin American countries may highlight a medical/hospital bed scarcity during the forecast period.

Top Impacting Factors

  • The surge in the geriatric population and the increase in the prevalence of various chronic diseases, such as cancer and cardiovascular diseases (CVDs), are driving the demand for hospital beds.
  • The increase in investments in healthcare infrastructural development and technological innovations in ICU beds are factors that drive the growth of the global hospital beds market.
  • The persistent use of beds for comforting patients in hospitals emphasizes the significance of the growing hospital bed markets globally.  
  • The rise in the of highly-equipped and facilitated hospital beds designed in accordance to a specific group of patients being treated also fuels the expansion of the hospital beds market globally.
  • Electronic devices and other medical devices attached to the beds are also influencing the purchasing trends of hospital beds. 
  • In addition, various product innovations, such as the development of powered hospital beds, fuel the growth of the hospital beds market. 
  • The surge in the growth of emerging economies and the medical tourism industry present major opportunities in the market. 
  • However, the costs at which such beds need to be produced and sold with the implications caused due to improper mobility, bedsores, and mechanical abrasion of hospital beds hamper the growth of the global hospital beds market. 

Market Trends

New Product Launches to Flourish Hospital Beds Market

In February 2018, Paramount Bed, a Japanese manufacturer of hospital beds, opened a factory in Gurugram, Haryana, to meet the needs of the Indian market. Almost all products are made from parts made in India and from neighboring countries. Paramount beds guarantee product quality and have introduced health care products that provide relief and comfort to patients.
In March 2020, Definitive Healthcare partnered with Esri to launch an interactive data platform that allows people to analyze and monitor the U.S. hospital bed capacity and the potential geographic areas of risk during the COVID-19 outbreak.
People have begun to favor home care services significantly since older persons are prone to getting chronic illnesses and require intensive home care. Household health facilities aid in the maintenance, promotion, and restoration of personal health. According to the National Health Council, chronic diseases afflict over 133 million Americans, accounting for more than 40% of the entire population. This number was expected to rise to 157 million by 2020, with 81 million added if certain conditions are met. Furthermore, the recent breakout of the COVID-19 pandemic has increased the rate of hospitalization, which boosts the hospital bed market.

Key Benefits of Report

  • This study presents the analytical depiction of the hospital beds along with the current trends and future estimations to determine the imminent investment pockets.
  • The report presents information related to key drivers, restraints, and opportunities along with detailed analysis of the hospital beds market share.
  • The current market is quantitatively analyzed from 2020 to 2030 to highlight the hospital beds market growth scenario.
  • Porter’s five forces analysis illustrates the potency of buyers & suppliers in the hospital beds market. 
  • The report provides a detailed hospital beds market analysis based on competitive intensity and how the competition will take shape in coming years.

Questions Answered in Hospital Beds Market Report

  • Who are the leading market players active in the hospital beds market?
  • What current trends will influence the market in the next few years?
  • What are the driving factors, restraints, and opportunities in the market?
  • What future projections would help in taking further strategic steps?
  • What is hospital beds?
  • What is hospital beds market prediction for the future?
  • Who are the leading global players in the market?
  • What are the current trends and predicted trends?
  • What are the key benefits of the hospital beds market report?                                                     

Key Market Segments

Segments Sub-segments
Bed Type
  • Regular Beds
  • Pediatrics Beds
  • Respiratory Beds
  • ICU Beds
  • Bariatric Beds
  • Birthing Beds
  • Pressure Relief Beds
  • Others
Technology
  • Electric Beds
  • Semi-electric Beds
  • Manual Beds
Application
  • Critical Care
  • Acute Care
  • Long-term Care
End User
  • Hospitals
  • Ambulatory Surgical Centers
  • Others
Region
  • North America
    • U.S.
    • Canada
    • Mexico
  • Europe
    • Germany
    • France
    • UK
    • Italy
    • Spain
    • Rest of Europe
  • Asia-Pacific
    • China
    • Japan
    • India
    • South Korea
    • Australia
    • Rest of Asia-Pacific
  • LAMEA
    • Brazil
    • Saudi Arabia
    • South Africa
    • Rest of LAMEA
 
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