Europe Hospital Bed Market Forecast to 2028 – COVID-19 Impact and Regional Analysis – by Type (Semi-Electric Bed, Electric Bed, and Manual Bed), Usage (Acute Care Bed, Long-term Care Bed, Psychiatric Care Bed, and Others), Application (Non-Intensive Care Bed and Intensive Care Bed), and End User (Hospitals & Clinics, Elderly Care Facilities, Ambulatory Surgical Centers, and Home Care Settings)
The hospital bed market in Europe is expected to grow from US$ 1,219.37 million in 2022 to US$ 1,711.77 million by 2028; it is estimated to grow at a CAGR of 5.8% from 2022 to 2028.
Growing Popularity of Smart Hospital Bed
According to a report by the Institute of Electrical and Electronics Engineers (IEEE), continuous patient monitoring during hospitalization is necessary for risk identification, and early diagnosis and treatment, resulting in reduced mortality and morbidity, and hospitalization costs. The fall of patients from bed, and bedsores or pressure sores can seriously harm them. Pressure ulcers or bedsores can be avoided by timely, accurate mapping of pressure points for inhibiting tissue perfusion, which might lead to a patient's death. Smart hospital bed, enabled with advanced technologies, have highly developed embedded control functions and interactivity. They support new functionalities such as continuous monitoring of patients’ vital signs, preventing them from falling off the bed, and averting the development of pressure ulcers. In September 2021, Baxter announced a collaboration with Hillrom, Inc. for developing smart hospital bed with Hillrom, accounting for US$ 10.5 billion for manufacturing hospital bed. In October 2020, Stryker announced the launching of smart hospital bed with the industry's first and only completed wireless hospital bed, namely, ProCuity. The newly launched product was designed to help reduce in-hospital patient falls at all acuity levels, improve nurse workflow and safety, and help lower hospital costs.
Market Overview
The European hospital bed market is divided into Germany, the UK, France, Italy, Spain, and the Rest of Europe. Countries such as Germany and the UK are expected to be the most significant contributor to the hospital bed market due to increased prevalence of chronic conditions, whereas countries such as France and Italy are estimated to be the fastest-growing countries in the market as the countries offer the best healthcare facilities in the region. On the other hand, Italy is expected to have growth opportunities for the market owing to rising healthcare expenditure. Germany has the highest rates of intensive care bed among high-income countries and the highest overall hospital capacity in Europe.
Europe Hospital Bed Market Revenue and Forecast to 2028 (US$ Million)
Europe Hospital Bed Market Segmentation
The Europe hospital bed market is segmented on the basis of type, usage, application, end user, and country. Based on type, the market is segmented into semi-electric bed, electric bed, and manual bed. The semi-electric bed segment held the largest market share in 2022.
Based on usage, the market is segmented into acute care bed, long-term care bed, psychiatric care bed, and others. The acute care bed segment held the largest market share in 2022. Based on application, the market is bifurcated into non-intensive care bed and intensive care bed. The non-intensive care bed segment held a larger market share in 2022. Based on end user, the market is categorized into hospitals & clinics, elderly care facilities, ambulatory surgical centers, and home care settings. The hospitals & clinics segment held the largest market share in 2022. Based on country, the market is segmented into the Germany, Italy, France, UK, Spain, and Rest of Europe. Germany dominated the market in 2022. Hill Rom Holding inc. (Baxter); Stryker Corporation; Arjo Medical Devices; Invacare Corporation; Malvestio Spa; Savion Industries; and STIEGELMEYER GMBH & CO.KG are among the leading companies operating in the Europe hospital bed market.
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