Overview

Hospital Beds Market is estimated to value over USD 5.3 billion and register a CAGR value of over 7.5% from the forecast period 2020 to 2027 due to the current COVID-19 crisis.

Hospital Beds Market Introduction:

There has been a rise in the demand for hospital beds with the COVID-19 pandemic. This increased demand for hospital beds is mainly for establishing isolation wards in hospitals specifically for patients infected with the novel coronavirus. Furthermore, there has been advancements in the beds provided in the intensive care units (ICUs) with an increase in the number of COVID-29 patients worldwide. Moreover, there has been a rise in investments being made in the healthcare industry from public as well as private resources and this has mainly occurred due to economic liberalization, broadened policy reforms, advancements in healthcare infrastructure and rapid progress of the middle-class income population enabling them to spend more on healthcare. All these factors are responsible for the hospital beds market growth.

The market is segmented into usage, application, type, end user and region. The usage segment is further categorised into acute care beds, psychiatric care beds, long-term care beds, bariatric beds and maternity beds. The acute care beds are predicted to dominate the market over the forecast period with its demand being rapidly increasing with the COVID-19 pandemic. These beds are used for patients whose length of hospital stay is less than 30 days and with current COVID-19 outbreak where infected patients are required to be isolated in isolation wards for 15 days, the demand for these beds is likely to increase in these circumstances.

The Europe region is predicted to dominate the global market owing to the increase demand for hospital beds in countries like Spain, Italy, Germany, The Netherlands, France, i.e. countries highly affected by the novel coronavirus. Germany ahs over 40,000 beds ready for the COVID-19 crisis. Germany has over 14,00 hospitals, one of the dense regions of Europe when it comes to hospital infrastructure and this has provided them an advantage to distribute the influx of patients efficiently.

Key market players included are Stryker Corporation, Hill-Rom Holding, Inc. Getinge Group, Invacare Corporation.

Hospital Beds Market

Hospital Beds Market Segmentation:

By Usage

Acute Care Beds
Psychiatric Care Beds
Long-term Care Beds
Maternity Beds
Bariatric Beds

By Application

Intensive Care Beds
Non-intensive Care Beds

By Type

Electric Beds
Semi-electric Beds
Manual Beds

By End User

Hospitals
Home Care Settings
Elderly Care Facilities

By Region

North America
Europe
Asia Pacific
Latin America
Middle East and Africa

FutureWise Key Takeaways:

Growth prospects
SWOT analysis
Key market trends
Key data-points affecting market growth

Objectives of the Study:

To provide with an exhaustive analysis on the global hospital beds market by usage, by application, by type, by end user and by region
To cater comprehensive information on factors impacting market growth (drivers, restraints, opportunities, and industry-specific restraints)
To evaluate and forecast micro-markets and the overall market
To predict the market size, in key regions (along with countries)— North America, Europe, Asia Pacific, Latin America and Middle East and Africa
To record, evaluate and analyze competitive landscape mapping- product launches, technological advancements, mergers and expansions

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