Hospital Beds Market Report (2023 to 2031)
Newark, New Castle, USA, May 18, 2023 (GLOBE NEWSWIRE) -- Growth Plus Reports estimated the size of the global market for hospital beds in 2022 to be worth US$ 4.81 billion and is expected to increase at a revenue CAGR of 4.7% to reach US$ 7.28 billion by 2031.
Analysis of the global market for hospital beds indicates that during the forecast period, revenue share is likely to increase significantly. A crucial piece of equipment utilized in healthcare facilities worldwide is hospital beds. With features like movable backrest and footrest positions, adjustable height, customized mattresses, and other accessories, hospital beds are made to specifically satisfy the demands of patients.
The increasing number of hospital admission is driving the market revenue share.
The market revenue is highly boosted by the increased Covid-19 cases.
The increase in the market demand is largely due to geriatric and long-term bedridden patients.
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Hospital Beds Market Scope
Market size value in 2022
US$ 4.81 billion
Revenue forecast in 2031
US$ 7.28 billion
CAGR of 4.7% from 2023 to 2031
Base Year for Estimation
Technology, Application, End-user, and Region
North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa
Recent Development in the Hospital Beds Market:
In February 2023, the acquisition of the ALTA Platform from Able Innovations was announced by Bruyère, an academic healthcare organization dedicated to developing the next generation of healthcare professionals and improving care through research and partnerships with industry partners. Its complex care units will use this robotic patient transfer system, which resembles a hospital bed.
A list of the prominent players operating in the global market for hospital beds includes:
Hard Manufacturing Company Inc.
Hillrom Co, Inc. (Baxter International)
Medline Industries, Inc.
Paramount Bed Co., Ltd.
Market Drivers and Restraints:
The global hospital beds market revenue is driven by the rising increasing demand for laryngoscopes in emergency medical services, advancements in technology, and growing awareness of lacrimal gland and tear duct disorders.
However, due to the minimally invasive procedures leading to fewer hospital stays, the hospital beds market revenue growth is expected to be restrained.
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Segmentation By Technology
Based on the technology, the semi-electric medical bed segment dominates the global hospital beds market with the largest revenue share. This large revenue share is due to its affordability and adaptability. These beds are comfortable and safe, allowing easy adjustments and contributing to the large revenue share.
Segmentation By Application
Based on the application, the acute care beds segment dominates the global hospital beds market with the largest revenue share. Patients who are seriously ill or injured can usually use acute care beds because they are designed with features that meet their needs. These include specialty mattresses and various accouterments, as well as adjustable height, backrest, and footrest configurations. Specialized mattresses and other accessories are available, as well as adjustable height, backrest, and footrest positions. This contributed to the overall market revenue share.
Segmentation By End User
Based on end-user, the hospital segment accounts for the highest revenue share in the global hospital beds market due to the large patient pool, beds required for surgical procedures, and other procedures requiring longer hospital stays. Furthermore, hospitals have shown a significant rise in revenue share during the Covid-19 pandemic due to a large patient pool getting admitted to the hospitals and longer stays in isolation wards.
Regional Growth Dynamics
Based on the region, North America, with the largest revenue share, dominates the global hospital beds market. This large revenue share is ascribed to the quick uptake of technology and the rise of neurological disorders. The continued involvement of businesses in the region in R&D projects to introduce cutting-edge hospital bed technology is also contributing to the expansion of the area.
Growth Plus Reports conducted extensive research on the world market for hospital beds. We looked at the basic market traits, important investment spheres, regional growth analytics, revenue projections, rival market participants, and mergers and acquisitions.
Table of Content
Timeline Under Consideration
Historical Years – 2021
Base Year – 2022
Forecast Years – 2023 to 2031
Currency Used in the Report
Data Collection Methodology
Market Estimation Approach
Market Forecasting Model
Limitations and Assumptions
Current Market Trends (COVID-19 Perspective)
Key Players & Competitive Positioning (2022)
GLOBAL HOSPITAL BEDS MARKET - ANALYSIS & FORECAST, BY TECHNOLOGY
Electric Medical Beds
Semi-Electric Medical Beds
Manual Medical Beds
GLOBAL HOSPITAL BEDS MARKET - ANALYSIS & FORECAST, BY APPLICATION
Acute Care Beds
Psychiatric Care Beds
Long-Term Care Beds
GLOBAL HOSPITAL BEDS MARKET - ANALYSIS & FORECAST, BY END-USER
HOSPITAL BEDS MARKET TOC
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VALUE PROPOSITIONS RELATED TO THE REPORT:
Powered with Complimentary Analyst Hours and Expert Interviews with Each Report
Comprehensive quantitative and qualitative insights at segment and sub-segment level
Covid 19 impact trends and perspective
Granular insights at global/regional/country level
Deep-rooted insights on market dynamics (drivers, restraints, opportunities) and business environment
Blanket coverage on competitive landscape
Exhaustive coverage on 'Strategic Developments' registered by leading players of the market.
Distributor Landscape Assessment
Customer Base Assessment
Investment & Initiatives Analysis
'Business Profile' of Key Players
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We were awarded by the prestigious CEO Magazine as "Most Innovative Healthcare Market Research Company in 2020".hospital beds US$ 4.81 billion CAGR of 4.7% US$ 7.28 billion by 2031. Key Takeaways: Request a Free Sample Copy of the Research Report: https://www.growthplusreports.com/inquiry/request-sample/hospital-beds-market/8324 Hospital Beds Market Scope Report Attribute Details Recent Development in the Hospital Beds Market: Competitive Landscape Market Drivers and Restraints: Request for Customization – https://www.growthplusreports.com/inquiry/customization/hospital-beds-market/8324 Market Segmentation: Segmentation By Technology Segmentation By Application Segmentation By End User Regional Growth Dynamics Report Coverage Table of Content INTRODUCTION RESEARCH METHODOLOGY PREMIUM INSIGHTS MARKET DYNAMICS GLOBAL HOSPITAL BEDS MARKET - ANALYSIS & FORECAST, BY TECHNOLOGY GLOBAL HOSPITAL BEDS MARKET - ANALYSIS & FORECAST, BY APPLICATION GLOBAL HOSPITAL BEDS MARKET - ANALYSIS & FORECAST, BY END-USER HOSPITAL BEDS MARKET TOC Buy this Premium Research Report: https://www.growthplusreports.com/checkout-8324 VALUE PROPOSITIONS RELATED TO THE REPORT CUSTOMIZATION OPTIONS Schedule a call with our analyst: https://appoint.ly/s/salesZ3Jvd3RocGx1c3JlcG9ydHMuY29t/introduction Visit our report store at - https://www.growthplusreports.com/report-store Browse more latest healthcare reports: Irrigation Syringe Market Healthcare IT Market Infertility Drugs Market Self Ligating Brackets Market Static Compression Therapy Market About Us: