Increasing cases of COVID-19 Patients is a key factor to propel the Global Hospital Beds Market

The research report " Global Hospital Beds Market: By Usage (General Purpose Beds, Birthing Beds, Paediatric Beds, Bariatric Beds, Pressure Relief Beds), By Power (Manual, Semi Electric, Electric), By Treatment (Critical Care Beds, Acute Care Beds, Long-term Care Beds), By End User (Hospitals, Elderly Care Settings, Homecare Settings Others), and Geography- Global/Region/Country Forecast to 2027", The Global Hospital Beds Market size was valued US$ 3928 Mn in the year 2020 and is anticipated to grow at US$ 7654 Mn till 2027 witnessing a CAGR of 10% over the forecast period 2021-2027.

Glance our 200 slides market research and competitive intelligence research report, 25 Tables and 65 Figures and other qualitative sections with an in-depth TOC on " Global Hospital Beds Market: By Usage (General Purpose Beds, Birthing Beds, Paediatric Beds, Bariatric Beds, Pressure Relief Beds), By Power (Manual, Semi Electric, Electric), By Treatment (Critical Care Beds, Acute Care Beds, Long-term Care Beds), By End User (Hospitals, Elderly Care Settings, Homecare Settings Others), and Geography- Global/Region/Country Forecast to 2027".

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Latest Technological Inventions in hospital beds is estimated to boost the Hospital Beds Market Growth

Hospital beds are greatly required in healthcare setting during hospitalization to provide support the comfort to the patients. They are commonly used during diagnosis and treatment of an illness and transportation of the patient. These beds can be adjusted as per the requirement to particularly increase the foot, head and middle position. These beds provide better positioning to the patients. Growing cases of surgeries, increasing healthcare expenses, increasing number of chronic illnesses and advanced healthcare systems are the key factors to drive the growth of the Hospital Beds market. Furthermore, A few other factors, which will propel the market growth over the forecast years such as huge government investments in healthcare sector, growing aged population and the technological advancements in hospital beds.

Increasing cases of chronic diseases increase the demand for hospital beds. Almost 17.9 Mn deaths occur because of the cardiovascular illnesses across the globe every year according to World Health Organization. In most of the conditions, patients suffering from cardiovascular, cancer and other chronic illnesses needed to get hospitalized to get the treatment in the hospital. If the cases increase consequently demand for the hospital beds will increase. Furthermore, huge funding given by private and public sectors for the R&D activities and the growing aged population are the major factors projected to boost the Global hospital Beds market over the forecast duration 2021-2027.

Impact of COVID-19 on Hospital Beds Market:

In addition, the report discusses the implications of COVID-19, including the industry's initial response and strategies for ensuring business continuity in the coming years.

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Europe became the huge Market Revenue share obtainer in Global Hospital Beds Market

Europe witnesses the huge market revenue share in the market recording considerable CAGR. Presence of leading key players, growing number of surgeries and huge healthcare expenditure are the prominent factors in the region projected to impel the market growth. Hospital beds market in the North America is evaluated to reach considerable rate due to the favorable reimbursement policies, increase in the prevalence of hospitalized patients, huge research and development activities to introduce new kind of hospital beds and huge healthcare expenses.

Competition Assessment:

Key players of the market are giving more focus on new product launchings and following collaboration strategies to make the position in the market. Some major players of the Global Hospital Beds Market include Paramount Bed Co. Ltd. (Japan), LINET spol. s r.o (Czech Republic), GF Health Products (US), Hill-Rom (Chicago), Invacare (US), Stiegelmeyer & Co. GmbH (Germany), Medline Industries (US), and Gendron Inc. (US).

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