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Terminally Ill Patients Requiring Hospital Beds in Homecare Settings
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Moreover, the surging cases of life-threatening diseases like cardiovascular diseases (CVDs), cancer, chronic obstructive pulmonary disease (COPD), hepatitis, and acquired immunodeficiency syndrome (AIDS) will drive the hospital bed market at 7.5% CAGR during the forecast period (2020–2030). The market stood at $3,712.1 million in 2019 and it is projected to reach $8,276.7 million by 2030. These chronic disorders are not only entirely prevented by vaccines or treated by medications, but also require rest for prolonged duration. This will, therefore, fuel the demand for hospital beds in the foreseeable future.
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In recent years, manufacturers have started developing technological medical beds like internet of things (IoT)-based hospital beds and automatic beds, owing to their high adoption in healthcare settings. Market players have also developed power mattress-enabled hospital beds to aid in redistribution of pressure and improving blood circulation in bedridden patients. For instance, Hill-Rom Holdings offers Hill-Rom AccuMax Quantum VPC pressure redistribution mattress to meet the requirement for innovative medical beds. Moreover, the replacement of old beds with advanced beds having graphical interfaces and actuating solutions, will boost the production of innovative beds.
Thus, the soaring cases of chronic diseases will fuel the requirement for hospital beds in the coming years.
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