Global Hospital Beds Market Size, Trends And Growth Opportunity, By Types And Usage (Regular And Electric-Beds), By End-User And Usage (Critical Care, Acute Care And Hospitals And Clinics), By Region And Forecast Till 2027.

Global Hospital Beds Market Size, Trends And Growth Opportunity, By Types And Usage (Regular And Electric-Beds), By End-User And Usage (Critical Care, Acute Care And Hospitals And Clinics), By Region And Forecast Till 2027.

Global Hospital Beds Market

The Global Hospital Bed market was valued at US$ 3145.20 MN in 2021 and it is expected to reach at US$ 6050.00 MN in 2027 at a CAGR 10.02% from 2022-2027.

Hospital beds are crucial component required at healthcare facilities, playing vital role in maintaining comfort and medical procedures. The most prevalent types of hospital beds are regular and electric. These beds has a wide range of usage in critical care, accurate care along with they are widely used in hospital, clinics, ambulatory surgery centers and others. However, increasing prevalence of chronic diseases and number of patient getting admitted for the treatment of various health issues lead to grow the global hospital bed market.

Market Drivers

The extensive use for comforting patient in hospitals accentuates the significance of growing hospitals beds market worldwide. Highly equipped and facilitated hospital beds are a key driving factor for growth of global hospital bed market. Also, technological innovation in ICU beds, growing investment in healthcare infrastructural development and increasing number of patient for the treatment of various health issues is expected to expand the hospital bed market. Further, trendy medical and electronic devices are attached to hospital beds which influence the purchasing trends and boost the growth of hospital beds globally.

Market Restraints

The cost incurred in manufacturing of hospital beds is a key factor which restraining the growth of global hospital bed market. Along with the long life span and durability of these beds is a major challenge in repetition of purchasing, declining the number of beds in public hospital and lack of availability of products in some of the region is a current challenge for smart hospital beds market. Further, the implication caused due to improper mobility, and mechanical abrasion of hospital beds declining its acceptance over homecare beds.

COVID-19 Impact on the Hospital Beds Market

With the outbreak of covid-19 has favourably impacted on the growth of global hospital beds market. With increasing number of covid-19 cases, the demand for medical furniture such as hospital beds, mobility equipment and other support products had increased significantly across the globe. The coronavirus outbreak of 2020 made critical care a matter of concern for healthcare officials across the globe. Also with increased demand for ICU beds peaked during the pandemic. Further in 2020, China had built a new 1000- bed facility hospital to tackle the growing number of covid-19 cases in the country .Many such factors are influencing the growth of the market.

Market Segmentation

The global hospital beds market is segmented on the basis of type, usage, end-user, and technology. On the basis of type hospital beds segmented into Regular Beds, Paediatrics Beds, Respiratory Beds, ICU beds, Birthing Beds, Pressure Relief Beds, Bariatric beds and others. On the basis of usage it segmented into critical care, acute care and long-term care. On the basis of end user it segmented into Hospitals and Clinics, Ambulatory Surgery Centers and others. On the basis of technology it segmented into Electric-Beds, Semi-Electric Beds and Manual Beds.

Regional Analysis

The global Hospital Beds Market segmented into five regions North America, Europe, Latin America, Asia Pacific, Middle East and Africa .Europe is expected to remain at the forefront and hold the highest position at the forecast period as it was valued at US$ 1123.47 million in 2021 and it is expected to reach US$ 2171.95 million by 2027 at a CAGR 10.10%. North America is also expected to expand market for hospital beds at CAGR 10.08%. Growth in this regional segment is propelled by the growing healthcare infrastructure, rising number of contract manufacturing organizations (CMOs), and increasing number of bariatric population requiring care.

Key Players

Various key players are listed in this report such as GF Health Products Inc., Gentige AB, Hill Rom Holdings Inc., Invacare Corporation, Malvestio S.P.A, Stryker Corporation, Paramount Bed Holding Co.Ltd, Savion industries, Span America Medical System Inc.

Market Taxonomy

By Type

Regular Beds

Paediatrics Beds

Respiratory Beds

ICU beds

Birthing Beds

Pressure Relief Beds

Bariatric beds and others

By Usage

Critical care

Acute care

Long- Term care

By Technology

Electric-Beds

Semi-Electric Beds

Manual Beds

By End- User

Hospitals and Clinics

Ambulatory Surgery Centers

Key Question Addressed by the Report

What are the Key Opportunities in Hospital Beds market?

What will be the growth rate from 2022 to 2027.

Which segment/region will have highest growth?

What are the factors that will impact/drive the Market?

What is the role of key players in the value chain?

What is the competitive Landscape in the industry?