Hospital Beds Market is likely to reach US$ 5.9 Bn by 2032 and exhibit a 5.7% CAGR from 2022-2032 | PMR

The hospital bed market refers to the industry surrounding the design, production, and distribution of hospital beds for use in hospitals, long-term care facilities, and other healthcare settings. Hospital beds are specifically designed for patients who require long-term care and are equipped with features such as adjustable height, head, and footrests, as well as built-in medical equipment like IV poles and oxygen tanks.

With the rising prevalence of chronic diseases, the market for hospital beds is likely to reach US$ 5915.62 million by 2032 and exhibit a 5.7% CAGR from 2022-2032. As of the current year, 2022, the market is estimated at US$ 3398.21 million, against US$ 3214 million in 2021.

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The global hospital bed market is expected to grow significantly in the coming years, driven by several key factors. One of the major drivers of the market is the aging population. As the population ages, the number of people requiring long-term care in hospitals and other healthcare facilities is expected to increase, leading to greater demand for hospital beds.

Another factor contributing to the growth of the hospital bed market is the increasing incidence of chronic diseases such as heart disease, diabetes, and cancer. These conditions often require long-term care and hospitalization, driving the need for more hospital beds.

The market growth is also boosted by the increasing number of surgical procedures and rising number of accidents, which also lead to higher demand for hospital beds.

 Companies

Stryker Corporation
Hill-Rom Holdings, Inc.
Getinge AB
Invacare Corporation
StiegelmeyerGmBH& Co. KG
Paramount Bed Holdings Co., Ltd.
LINET Group SE
Medline Industries, Inc.
Joerns Healthcare LLC.

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Advances in technology are also expected to drive the growth of the hospital bed market. For example, many hospitals are adopting automated and motorized beds, which are designed to improve patient comfort and ease of use for healthcare providers.

Additionally, With the rise of home healthcare, manufacturers are producing various types of hospital beds, including those designed for use in patients' homes, which is expected to drive the growth of the market.

Furthermore, Government initiatives, such as increasing funding for public healthcare and the construction of new healthcare facilities, also contribute to the growth of the market.

Overall, the global hospital bed market is expected to continue growing in the coming years as the population ages, the incidence of chronic diseases increases, and advances in technology lead to more advanced and specialized hospital beds.

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Key Segments Covered in the Hospital Bed Industry Report

Hospital Bed Market by Type

Semi-Electric Beds

Electric Beds

Manual Beds

Hospital Bed Market by Usage

Acute Care Beds

Long-Term Care Beds

Psychiatric Care Beds

Others

Hospital Bed by Application

Non-Intensive Care Beds

Intensive Care Beds

Hospital Bed Market by End User

Hospitals & Clinics

Elderly Care Facilities

Ambulatory Surgical Centers

Home Care Settings

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