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Hospital Beds Market Report 2023 - By size, Growth trends, Share, Demand And Forecast To 2032 - Apex Medical Corp, Sunrise Medical LLC, Invacare Corporation
Hospital Beds Market
The Business Research Company's Hospital Beds Global Market Report 2023 identifies rising hospitalization rateas the major driver for the Hospital Beds market's growth in the forecast period. Hospitalization refers to admitting a patient into a hospital or other healthcare facility for medical treatment, observation, or care. Upon hospitalization, patients use hospital beds to stay in the hospital while undergoing treatment, recovering, and resting. For instance, in March 2023, according to the Ontario Agency for Health Protection and Promotion, a Canada-based governmental health agency, the COVID-19 hospitalizations in 2022 stood at 29,524, increasing from 22,559 in 2021. Further, hospitalizations per 100,000 people were also higher in 2022 than in 2021.
The global hospital beds market is expected to grow from $3.83 billion in 2022 to $4.14 billion in 2023 at a compound annual growth rate (CAGR) of 8.1%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The hospital beds market is expected to reach $5.5 billion in 2027 at a CAGR of 7.4%.
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Major competitors in the Hospital Beds market are Apex Medical Corp, Sunrise Medical LLC, Invacare Corporation, Paramount Bed Co. Ltd., Midmark Corporation.
A key trend in the Hospital Beds market includes product innovations. Major companies in the hospital bed market are introducing innovative products based on advanced technologies to sustain their position in the market. For instance, in October 2020, Stryker, a US-based medical device company, launched the ProCuity smart medical bed. It is the industry's first completely wireless hospital bed. It utilizes load cell technology to detect the patient's weight and notify the nurses if the patient is not in the proper place. It also leverages the iBed Watch system for wireless operation, which improves hospital workflows and convenience.
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https://www.thebusinessresearchcompany.com/report/hospital-beds-global-market-report
The Hospital Beds market is segmented -
• By Type: By Type: Semi-Electric Beds, Electric Beds, Manual Beds
• By Usage: Acute Care Beds, Long-Term Care Beds, Psychiatric Care Beds, Other Usages
• By Application: Non-Intensive Care Beds, Intensive Care Beds
• By End User: Hospitals, Clinics, Ambulatory Services, Other End Users
• By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. Europe was the largest region in the Hospital Beds market.
The Business Research Company's "Global Hospital Beds Market Report 2023" provides a thorough understanding of the market across 60 geographies. The report covers market size, growth rate, segments, drivers and trends in every region and country. In addition, the report offers insights on historical and forecast growth, helping players analyze and strategize better.
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The Table Of Content For The Hospital Beds Market Include:
1. Executive Summary
2. Hospital Beds Market Characteristics
3. Hospital Beds Market Trends And Strategies
4. Hospital Beds Market - Macro Economic Scenario
5. Global Hospital Beds Market Size and Growth
...............................
32. Global Hospital Beds Market Competitive Benchmarking
33. Global Hospital Beds Market Competitive Dashboard
34. Key Mergers And Acquisitions In The Hospital Beds Market
35. Hospital Beds Market Future Outlook and Potential Analysis
36. Appendix
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