Increase In The Prevalence Of Chronic Diseases Drives The Hospital Beds Market

The research report "Hospital Beds Market: By Type (General, Pediatric, Birthing, Bariatric, Pressure Relief, Others), By Treatment (Acute Care, Long-term Care, Critical Care), By Power (Manual, Semi-Electric, Electric), By End User (Critical Care Unit, Long-term Care Unit, Bariatric Care Unit, Med-Surg Care Unit, Pediatric Care Unit, Maternal Care Unit, Home Care Facility) and Geography- Global/Region/Country Forecast to 2028." Hospital beds market size is valued at USD 5,843.2 million in 2021 and anticipated to grow at USD 8,221.97 till 2028, witnessing a CAGR rate of 5.0% during the evaluation time span 2022-2028.

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Advancements in healthcare infrastructure bolster the Hospital Beds Market:
The global market is categorized on the basis of end-user, type, power and treatment and aims at providing a detailed overview on the hospital beds. Based on type, the hospital beds market has been classified into Pediatric, Pressure Relief, General, Birthing, Bariatric and Others prominent uses of hospital beds. Among this classification, general sector is projected to be the biggest and rapidly growing sector in terms of type. The hospital beds market is categorized into Critical Care, Acute Care and Long-term Care on the basis of treatment. The Acute Care sector is anticipated to have the fastest-growing market amid these during the forthcoming years 2022-2028. The hospital beds market is categorized into Electric, Semi-Electric and Manual based on power. In the year 2021, the manual sector accounted for biggest share. During the forecast period, Semi-Electric sector will experience second-biggest share. On the basis of end-user, it has been segregated into Nursing Homes, Assisted Living Centers, Hospitals and Others. Among all these, Hospital sector is projected to lead other segments in the hospital beds market. The hospital sector is anticipated to witness the largest CAGR during the assessment period. Nursing homes is projected to be the second-biggest sector during the forthcoming years.

One of the major factors such as increasing prevalence of chronic illnesses coupled with outbreak of COVID-19 epidemic considerably enhances the market revenue over the forecast period. In addition, developments in healthcare infrastructure and development of advanced hospital beds are a few other factors create profitable opportunity for the market growth over the assessment period.

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North America accounted for major share in the Hospital Beds Market:
On the basis of regional analysis, hospital beds market is categorized into major regions. The hospital beds market report provides complete outlook around the region making special focus on the leading regions such as Europe, Latin America, Middle East, Africa, North America and Asia Pacific. The hospital beds market is classified according to geography, type, end-user, treatment and power.

Competitive Analysis - Hospital Beds Market:
There are a few major players operating in the hospital beds market are Savaria Corporation, Savion Industries, Hill-Rom Holdings Inc, Stryker Corporation and Getinge Group. These major players in the market focus on following key strategies such as acquisitions, collaborations, mergers as well as new product launches to retain their position in the market and increase the product portfolio.

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