The latest market report published by Credence Research, Inc. “Global Hospital Beds Market: Growth, Future Prospects, and Competitive Analysis, 2016 – 2028”. The global Hospital Beds market is anticipated to grow at a substantial CAGR of 7.80% in the upcoming years. The global Hospital Beds industry was estimated to be worth USD 3.7 billion in 2022 and was expected to be worth USD 6.2 billion by 2030.
Hospital Beds Market refers to the industry involved with the manufacturing, distribution, and sales of hospital beds. Hospital beds are specially designed for hospitalized patients or others in need of some form of health care. These beds have special features both for the comfort and well-being of the patient and for the convenience of health care workers. Typical features include adjustable height, electronic controls, side rails, and wheels.
North America will have a sizable portion of the market in 2022. The expansion of the healthcare industry can be attributed to the already-in-place infrastructure and the presence of major players. Market growth is anticipated in this area because of the rising incidence of cancer and other chronic disorders. Cancer Facts & Figures 2023 from the American Cancer Society predicts that there will be 1.96 million new cases of cancer in the United States in 2023, with 1.01 million male and 0.95 million female patients. This exemplifies the widespread occurrence of malignancies, which increases the likelihood of hospitalizations and, thus, will likely drive market expansion over the projection period.
The global Hospital Beds Market is bifurcated into End-users, Technology and Geography. Based on End-users the market is categorized into Hospitals, Ambulatory Surgical Centers & Others. Based on Technology the market is categorized into Suction Side Pool Cleaners, Pressure Side Pool Cleaners & Robotic Side Pool Cleaners. Based on geography, the market is categorized as North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa.
Hospital Beds Market Major Challenges are numerous and complex. One of the main challenges is the high cost associated with purchasing hospital beds, which makes it difficult for smaller healthcare facilities to afford them. Another challenge is that many hospital beds require a lot of maintenance and can be prone to breakdowns, which can lead to additional costs for repairs or replacements. Additionally, hospitals must consider patient safety when selecting beds, as they need to ensure that their patients are comfortable and secure while in bed. This has led to an increased demand for specialized hospital beds that cater to specific medical conditions such as pressure ulcers or sleep apnea. Finally, there is also a growing concern about the environmental impact of hospital beds and their disposal at end-of-life, leading some providers to explore alternative options such as recycling or repurposing old equipment.
Hospital Beds Market Top Report Findings:
- Market Growth: The hospital beds market has been experiencing steady growth due to factors such as the increasing prevalence of chronic diseases, rising geriatric population, and advancements in healthcare infrastructure. Hospital beds are a critical component of healthcare facilities and play a vital role in patient care and comfort.
- Bed Types: The market offers various types of hospital beds, including electric beds, manual beds, and semi-electric beds. Electric beds, which are adjustable and offer enhanced patient comfort, have gained significant popularity. However, manual beds continue to be widely used due to their cost-effectiveness.
- Rising Demand for Long-Term Care: The growing demand for long-term care facilities, such as nursing homes and assisted living centers, has contributed to the increased demand for hospital beds. These facilities require specialized beds that provide additional features such as pressure redistribution and fall prevention to cater to the needs of elderly and dependent individuals.
- Technological Advancements: The hospital beds market has witnessed technological advancements aimed at improving patient safety, comfort, and caregiver efficiency. Features such as electric height adjustment, backrest inclination, side railings, integrated scales, and remote control operation have become common in modern hospital beds.
- Increasing Focus on Pressure Ulcer Prevention: Pressure ulcers, also known as bedsores, are a significant concern in healthcare facilities. To address this issue, hospital beds with advanced pressure redistribution mechanisms, such as air mattresses and foam overlays, are gaining traction. These beds help reduce the risk of pressure ulcers and enhance patient comfort.
- Shift towards Home Healthcare: The growing trend of home healthcare has influenced the hospital beds market. As more medical procedures and care are being delivered in the home setting, there is an increasing demand for hospital beds that are suitable for use at home. Homecare beds with adjustable features and mobility options are being developed to cater to this demand.
Why to Buy This Report-
- The report provides a qualitative as well as quantitative analysis of the global Hospital Beds Market by segments, current trends, drivers, restraints, opportunities, challenges, and market dynamics with the historical period from 2016-2020, the base year- 2021, and the projection period 2022-2028.
- The report includes information on the competitive landscape, such as how the market’s top competitors operate at the global, regional, and country levels.
- In-depth analysis of the global market segmentation on the basis of End-users and Technology
- Major nations in each region with their import/export statistics
- The global Hospital Beds Market report also includes the analysis of the market at a global, regional, and country-level along with key market trends, major players analysis, market growth strategies, and key application areas.
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