Global Hospital Bed market is growing at a CAGR of ~% in 2017-2022 and is expected to reach ~USD 6 Bn by 2028 - Ken Research

What is the Size of Global Hospital Bed Industry?

The Hospital Bed Market is largely driven by surging chronic diseases such as cancer, diabetes, stroke, and other infectious viruses.

According to World Health Organization, nearly 10 million deaths in 2020 were caused by cancer worldwide, the most common cases of cancer were lung, prostate, skin, stomach, colon. Globally, more than two third of all death are occurred due to one or more of these five chronic diseases including heart disease, cancer, stroke, diabetes, and chronic obstructive pulmonary diseases. The increasing number of cases and deaths due to chronic diseases worldwide is likely to fuel the growth of the hospital bed market.

Higher costs of advanced hospital beds are likely to hamper the growth of the market. GoodRx Health, an online health resource company stated that a new hospital bed can cost in the range of US$ 500 to more than US$ 5000, depending on the features. Manual hospital beds are less costly and have a hand crank to change their heights and angle.

COVID-19 has helped in the growth of the hospital bed market. Individuals diagnosed with COVID-19, required emergency care and receive medication at a hospital, thus creating the need for hospital beds.  More than half of the world's intensive care units (ICUs) have been occupied by individuals diagnosed with COVID-19, which further prompted hospitals to add more hospital beds into their facilities to cater to the patients.

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Global Hospital Bed Market By Type

The Global Hospital Bed market is segmented by Type into Acute Care, Long Term Care, Bariatric Care and Others.

Acute care segment held the largest market share of the Global Hospital Bed Market in 2022, owing to the increasing number of regular doctor consultations, and checkups.

In acute care, the patient is treated for short-term or brief diseases, trauma, and recovery during the surgery. Acute care is provided by multiple clinical personnel using technical equipment, pharmaceuticals, and medical supplies.

According to the Connecticut Public Health Association, an affiliated association of the American Public Health Association, stated that an acute care hospital is defined as a short-term hospital that has facilities, medical staff, and all necessary equipment.

Global Hospital Bed Market By Power

The Global Hospital Bed market is segmented by Power into Electric, Semi Electric and Manual.

The electric power segment accounted for the largest market share in 2022, owing to the upgradation in hospital bed technology, and the rising prevalence of acute diseases.

A fully electric bed has specialized features both for the comfort and well-being of the patients and for the convenience of health caregivers.

Presence of leading companies operating in full electric hospital beds, like Hillroom, Paramount, Amico, and others, is expected to catalyze the expansion of this market.

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Key Topics Covered in the Report

Snapshot of the Global Hospital Bed Market
Industry Value Chain and Ecosystem Analysis
Market size and Segmentation of the Global Hospital Bed Market
Historic Growth of the Overall Global Hospital Bed Market and Segments
Competition Scenario of the Market and Key Developments of Competitors
Porter's 5 Forces Analysis of the Global Hospital Bed Industry
Overview, Product Offerings, and Strengths & Weaknesses of Key Competitors
COVID-19 Impact on the Overall Global Hospital Bed Market
Future Market Forecast and Growth Rates of the Total Global Hospital Bed Market and by Segments
Market Size of Power / End-User Segments with Historical CAGR and Future Forecasts
Analysis of the Global Hospital Bed Market
Major Production/Supply and Consumption/Demand Hubs in Each Major Region
Major Continent-wise Historic and Future Market Growth Rates of the Total Market and Segments
Overview of Notable Emerging Competitor Companies within Each Major Continent

Major Players Mentioned in the Report

Stryker
Hill-Rom Holdings, Inc.
Getinge AB
Invacare Corporation
Paramount Bed Co Ltd
Medline Industries LP
Linet spol s.r.o
Stiegelmeyer GmbH & Co. KG
Malvestio Spa
Amico Corporation

Notable Emerging Companies Mentioned in the Report

DiaMedical USA
Vital Mobility Medical Supplies Inc.
Westin Healthcare Inc
Hengshui Hengzekang Medical Equipment Co., Ltd.
Satcon Medical

Key Target Audience - Organizations and Entities Who Can Benefit by Subscribing This Report

Hospital Bed Manufacturing Companies
Electric Bed Component Suppliers
Medical Bed Manufacturers
Nursing Bed Manufacturers
Clinics and Hospitals Bed Suppliers
Consulting Companies in the Healthcare Market
Investment Banks Targeting Healthcare Industry
Iron, Steel and Wood Suppliers for Hospital Furniture Companies
Plastics and Composites Manufacturers
Industry Association & Regulatory
PE and VC Firms focused on Healthcare Sector
Banking and Financial Institutions focused on Healthcare Sector
Environmental Regulatory Authorities
Government Ministry of Health Department
Research and Development Institutes
Furniture Distributors & Resellers
Healthcare Start-ups
Potential Entrants into Hospital Furniture

Time Period Captured in the Report

Historical Period: 2017-2021
Forecast Period: 2022E-2028F

For more insights on the market intelligence, refer to the link below:-

https://www.kenresearch.com/business-research/global-hospital-bed-market-outlook-2028/

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Ken Research is a Market Research and Consulting Firm, based out of India, Indonesia and UAE. Since 2011, we have been assisting clients globally with our Syndicate and Bespoke Market Research and Advisory Services.

This release was published on openPR.