Hospital Beds Market Share Will Hit US$ 4.6 Billion By 2028 | Growth With Recent Trends & Demand

IMARC Group, a leading market research company, has recently releases report titled "Hospital Beds Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028" The study provides a detailed analysis of the industry, including the global hospital beds market share, size, trends, and growth forecasts. The report also includes competitor and regional analysis and highlights the latest advancements in the market.

Report Highlights

How big is the hospital beds market?

The global hospital beds market size reached US$ 3.7 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 4.6 Billion by 2028, exhibiting a growth rate (CAGR) of 3.7% during 2023-2028.

What are hospital beds?

Hospital beds are specialized bedding designed for patients in healthcare facilities to provide comfort and support during their hospital stay. They are used for patient examinations, diagnosis, treatment, and transportation. They include electric, semi-electric, and manual beds that adjust to the head and foot positions of the patients and are employed for critical, acute, and long-term care of the patients. At present, pediatrics, respiratory, bariatric, birthing, pressure relief, and intensive care unit (ICU) beds are used in hospitals across the globe.

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What are the growth prospects and trends in the hospital beds industry?

The growing geriatric population and increasing prevalence of medical conditions are currently catalyzing the demand for hospitalization. This represents one of the primary factors positively influencing the market. In addition, key market players are introducing powered hospital beds, which facilitate convenient patient transportation, enhanced comfort, position adjustments, mobile monitoring, and fall detection. They are also focusing on beds suitable for home settings due to the growing trend of home care, which is bolstering the market growth. Apart from this, inflating disposable incomes and increasing investments in infrastructural development are fueling the market growth. Furthermore, the growing partnerships, agreements, and collaborations between government and private agencies and increasing product launches are stimulating the growth of the market.

What is included in market segmentation?

The report has segmented the market into the following categories:

Breakup by Technology:

Electric Beds
Semi-Electric Beds
Manual Beds

Breakup by Bed Type:

Regular Beds
Pediatrics Bed
Respiratory Beds
ICU Beds
Bariatric Beds
Birthing Beds
Pressure Relief Beds
Others

Breakup by Usage:

Critical Care
Acute Care
Long-Term Care

Breakup by End User:

Hospitals and Clinics
Ambulatory Surgery Centers (ASCs)
Others

Breakup by Region:

North America (U.S. & Canada)
Europe (Germany, United Kingdom, France, Italy, Spain, Russia, and Others)
Asia Pacific (China, India, Japan, South Korea, Indonesia, Australia, and Others)
Latin America (Brazil, Mexico)
Middle East & Africa

Who are the key players operating in the industry?

The report covers the major market players including:

GF Health Products Inc.
Getinge AB
Hill-Rom Holdings Inc.
Invacare Corporation
Malvestio S.P.A.
Stryker Corporation
Paramount Bed Holdings Co. Ltd.
Savion Industries
Span-America Medical Systems Inc. (Savaria Corporation)
Stiegelmeyer GmbH & Co. KG.

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