Hospital Beds Market Size Worth $7.15+ Bn, Globally, by 2031 at 7.4% CAGR – Increase in birth rate and rise in children population further drives the growth of Hospital Beds Industry

October 14th, 2022 Allied Market Research Releases

According to the report published by Allied Market Research, the global Hospital Beds Market was estimated at $3.39 billion in 2021 and is expected to hit $7.15 billion by 2031, registering a CAGR of 7.4% from 2022 to 2031. The report provides a detailed analysis of the top investment pockets, top winning strategies, drivers & opportunities, market size & estimations, competitive landscape, and evolving market trends. The market study is a helpful source of information for the frontrunners, new entrants, investors, and shareholders in crafting strategies for the future and heightening their position in the market. The report is exclusively meant to help the readers with a comprehensive valuation of industry analysis and trends.

Alarming rise in incidence of cancer, growing improvements in healthcare infrastructure, rise in prevalence of chronic diseases, and increase in geriatric population contribute toward the growth of the global hospital beds market during the forecast period

Hospital beds are specially designed in order to provide comfort for patients and convenience for healthcare workers. The advanced hospital beds have features such as height adjustments, adjustable side rails, and electronic buttons to operate the bed.

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The increase in prevalence of chronic diseases such as hypertension, heart diseases, and cancer drive the growth of Hospital Beds Market Size. For instance, according to report of global rheumatoid arthritis (RA) network, more than 350 million people have arthritis globally in 2021. Patients with chronic diseases recommended hospitalization and bed rest. Furthermore, rise in number of geriatric populations drives the growth of hospital beds market. The old age peoples are more prone to chronic diseases and orthopedic diseases. Thus, geriatric population signifies increase in patients of chronic diseases. For instance, according to world health organization (WHO), by 2050, the world’s population of people aged 60 years and older can reach to 2.1 billion.

The special designed beds have features that provide comfort to patient and convenience for healthcare workers & surgeons. The growth in incidences of road accidents, traumatic brain injuries (TBIs) and sport related injuries contributes in the growth of Hospital Beds Market Size. For instance, according to centers for disease control and prevention (CDC), in 2021, the traumatic brain injuries (TBIs) are responsible for 64,362 deaths in 2020. The accidents and chronic diseases may require surgical procedures which contributes in the increase in demand for surgical beds.

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In addition, increase in birth rate and rise in children population further drives the growth of Hospital Beds Industry. For birthing, specially designed birthing beds are used for children, pediatric beds are recommended.

By application, the market is categorized into acute care, long-term care, and others. The long-term care segment dominated the market in 2021, and this trend is expected to continue during the forecast period, owing to increase in number of surgical operations and rise in prevalence of road accidents.

By end user, the market is classified into hospitals, ambulatory surgical centers, and others. The hospitals segment dominated the market in 2021, and this trend is expected to continue during the forecast period, owing to increase in number of hospitals and rise in prevalence of chronic diseases

Hospital Beds Market Report Highlights :

Aspects	Details
End User	Hospitals Ambulatory Surgical Centers Others
Technology	Powered Beds Type Electric Beds Semi Electric Beds Manual Beds
Application	Acute Care Long-term Care Others
By Region	North America (U.S., Canada, Mexico) Europe (Germany, France, UK, Italy, Spain, Rest of Europe) Asia-Pacific (Japan, China, Australia, India, South Korea, Rest of Asia-Pacific) LAMEA (Brazil, Saudi Arabia, South Africa, Rest of LAMEA)
Key Market Players	Amico Corporation, Antano Group S.R.L., Baxter Corporation, Burke Bariatric Inc, Drive Medical, Graham Field, Getinge AB, Invacare Corporation, Linet SPOL S.R.O., Medline Industries Inc, Med-Mizer Inc, Midmark Corporation, Novum Medical Products, Paramount Bed Holdings, Savaria Corporation, Stiegelmeyer GMBH & Co, Stryker Corporation