Hospital Beds Market Overview
Hospital Beds Market size is continually mounting and is expected to achieve USD 4,824.2 Million at a 5.5% CAGR throughout the forecasted period. Hospital beds are one of the most significant investments in the development of healthcare facilities. The patient intake system is subject to bed availability. If the hospital does not have enough vacant beds, this may create many problems for patients who come for major treatments. Fortunately, as infrastructure and technology advance, health care institutions can now have enough space to create more space for the crowd. The market for hospital beds has been in full swing since the pandemic. Hospital bed allocation has become the highest priority for governments and private organizations, thus giving the hospital beds market impetus. The market largely depends on the type of bed that is being used at clinics and healthcare facilities.
Since the global pandemic outbreak, the market price of hospital beds has increased. There has been significant growth in the number of patients admitted over the long term, with the result that this segment of medical beds will grow significantly. Also, the beds used in intensive care will see a considerable increase due to a greater number of patients suffering from old age illnesses during the outbreak period.
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Manufacturers are also concentrating on the growth of home care settings medical beds since the strain of crowding hospitals with inbound patients needs to be decreased during the ongoing surge of a pandemic. In-home care facilities and hospital beds will increase significantly, as will senior care facilities commission more medical beds shortly.
Hospital Beds Market Segmentation
Growth in this market is segmented by the type of patient groups and beds associated with them. The manually operated beds are located in general rooms for the common population; they must be transported and are not automatic. Manual hospital beds do not add to the patient’s comfort while being admitted. They are usually used for public health facilities where medical expenditures are cheap. However, these hospital beds constitute the most important segment of healthcare production.
Critical care beds that are fully automated are used for emergency purposes and for patients lying dormant for a long time. They can be electrically controlled with a series of buttons for patient comfort. Such features characterize critical care beds as patient repositioning support, lateral rotation therapy, and elevation techniques. Semi-automated beds are used for disease patients, young mothers who have given birth, and patients who have undergone surgery. Then there are birthing beds, pediatric beds, acute care beds, psychiatric beds, long-term care beds and bariatric beds.
The key companies leading the production of medical beds are Medline Industries Inc.,
Invacare Corporation, Paramount Bed Co. Ltd., and Getinge Group.
Hospital Beds Market Regional Analysis
European countries are dominating the hospital beds market scene with modern infrastructure and technology. The healthcare industry is making huge investments in these regions, with medical beds being purchased to a tune of $ 2, 010 million. Asian countries come next while investing in this venture, the increase in the population’s standard of living, the availability of better medical treatments, an increase in the older population, and lower death rates. North American regions have also seen increases in the purchase of hospital beds due to long-term medical facilities and the availability of physicians and hospital staff.
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Medical research and the growth of healthcare have resulted in more patients opting for life-altering surgeries and treatments. Therefore, modern hospital beds will meet the need to account for the steady flow of patients.
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