Europe Hospital Beds Market to be Worth $2.09 Billion by 2030

Meticulous Research®-a leading global market research company, published a research report titled, 'Europe Hospital Beds Market by Product (Bed, Accessories), Technology (Manual, Powered), Type of Care (Rehabilitative, Curative, Long Term), Healthcare Facility (Pediatric, Maternal, Bariatric, Critical, Homecare, Med Surg) - Forecast to 2030'

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According to this latest publication from Meticulous Research®, the Europe Hospital beds market is projected to reach $2.09 billion by 2030, at a CAGR of 4.8% during the forecast period of 2023-2030. The growth of this market is primarily driven by the increasing elderly population coupled with the growing prevalence of chronic diseases, the growing number of hospitals, and technological advances in medical beds.

In addition, the development of smart and robotic beds, increasing demand for beds in homecare settings, and the growth of medical tourism are expected to provide significant opportunities for market growth.

Europe Hospital Beds Market: Future Outlook

The Europe Hospital beds market is segmented by Product (Beds, Accessories), Technology (Powered Beds [Electric Beds, Semi-electric Beds], Manual Beds, Smart Beds), Type of Care (Curative Care, Long-term Care, Rehabilitative Care), Healthcare Facility (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. The study also evaluates industry competitors and analyzes their market shares at the country level.

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Based on product, the market is segmented into beds and accessories. In 2023, the beds segment is expected to account for the largest share of the market. The large market share of this segment can be primarily attributed to the high prevalence of acute and chronic diseases, outbreaks of infectious diseases, such as COVID-19 and Ebola, and the rise in the number of hospitals. Additionally, technological advances in medical beds contribute to the increased adoption of medical beds.

Based on technology, the Europe Hospital beds market is segmented into powered beds, manual beds, and smart beds. In 2023, the powered beds segment is expected to account for the largest share of the market. The large market share of this segment is attributed to the advantages offered by powered beds, such as enhanced comfort, improved sleep quality, and increased independence among the elderly population.

Based on type of care, the Europe Medical beds market is segmented into curative care, long-term care, and rehabilitative care. In 2023, the curative care segment is expected to account for the largest share of the market. The large market share of this segment is primarily attributed to the increased adoption of medical/hospital beds for curative treatment of acute and chronic illnesses. However, the long-term care segment is slated to register the highest CAGR during the forecast period. The growth of this segment can be attributed to the rapidly rising geriatric population, who require long-term care for chronic illnesses.

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Based on healthcare facility, the Europe Hospital beds market is segmented into critical care units, bariatric care units, long-term care units, home care facilities, med-surg care units, pediatric care units, and maternal care units. In 2023, the home care facilities segment is projected to record the highest growth rate during the forecast period. Hospital beds for long-term care are designed to meet a person's health or personal care needs in the long run. The increasing aging population is one of the major factors driving the growth of the hospital beds market for long-term care, as this population is more prone to diseases that require care for an extended duration. Furthermore, long-term care at home provides an affordable and convenient option for the rapidly aging population.

Geographic Review

This research report provides a comprehensive analysis of the market in Europe (Germany, France, the U.K., Italy, Spain, Switzerland, Malta, Turkey, The Netherlands, Hungary, and the Rest of Europe). In 2023, Germany is expected to account for the largest share of the Europe Hospital beds market. The growth of this market is attributed to the growing focus on expanding healthcare infrastructure and government initiatives to increase the number of hospital beds and improve the home or elderly care settings due to the aging population.

Key Players

The key players operating in the Europe Medical beds market are Stryker Corporation (U.S.), Hill-Rom Holding, Inc. (Part of Baxter International Inc.) (U.S.), Invacare Corporation (U.S.), Getinge AB (Sweden), Paramount Bed Holdings Co., Ltd. (Japan), Medline Industries, LP (U.S.), Stiegelmeyer GmbH & Co. KG (Germany), LINET Group SE (Czech Republic), Joerns Healthcare LLC. (U.S.), Drive DeVilbiss Healthcare (U.S.), Savaria Corporation (Canada), Midmark Corporation (U.S.), Amico Corporation (U.S.), Famed Zywiec Sp. z o.o. (Poland), and Malvestio Spa (A Subsidiary of Malvestio Group) (Italy).

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This release was published on openPR.