Global Hospital Beds Market, By Type (ABS Bed, Stainless Steel Bed, Alloy Bed, and Others), By Application, (Psychiatric, Infectious Diseases, Tuberculosis, and Others) And Opportunities And Forecast 2020-2027.

Hospital Beds Market Overview

The Hospital Beds market is projected to witness a significant growth during the forecast period. The Hospital Beds market growth is driven by Increasing investments in healthcare infrastructural development. Also, growing consumer inclination towards highly aided and efficiently equipped hospitals is another critical element accelerating the growth of the hospital beds market over the forecast period.

The increasing incidence of chronic diseases such as chronic pulmonary diseases, diabetes, cancer, and cardiovascular disease (CVD) are anticipated to fuel the demand of hospital beds market during the forecast period. For instance, according to the Cancer Research UK, over 20 new cases of ovarian cancers are identified each day and it is projected to surge by approximately 15% from 2014 to 2035 in the UK.

With an increase in the occupancy rate of existing beds, the demand for hospital beds in these states is expected to be limited. Thereby, restraining market growth. Additionally, since the large percentage of patients are treated as outpatients, the need for hospitalization is further decreased.

Covid-19 Impact on Hospital Beds Market:

In addition, the current Hospital Beds Market study offers a detailed analysis of the current COVID-19 pandemic impact on the market growth and its influence on the future growth of the Hospital Beds Market. The recently published report demonstrates the elevation in the demand for the healthcare sector. The healthcare manufacturers have experienced long term as well as short term effect which includes supply shortages, panic buying and stocking, regulation changes as short-term whereas approval delays and possible trend variations in consumption could be perceived as long-term impacts of COVID-19 on the health and pharmaceutical market.

The increasing need for a cure has pushed vaccine research and manufacturers to the limit. In addition to this, panic conditions have already spurred the demand for many healthcare products and services which are discussed in detail in this report. Moreover, the impact of COVID-19 on overall market revenue for the base year 2020 and its projection up to 2027 is provided in detail in this report.

Hospital Beds Market Segment Overview

On the basis of type, the global Hospital Beds market is segmented into ABS Bed, Stainless Steel Bed, Alloy Bed, and Others. The ABS Bed held the major share in the global Hospital Beds market. This segment is anticipated to witness a significant CAGR over the forecast period owing to its low cost and easy availability as compared with other types such as stainless steel beds or alloy beds.

In terms of application, the market is segmented into Psychiatric, Infectious Diseases, Tuberculosis, and Others. Among these Infectious Diseases, the segment is expected to hold the major share in the global market owning an increasing rate of hospitalization due to the recent outbreak of COVID-19 pandemics and other infectious diseases

Market Analysis, Insights and Forecast – By Type

·       ABS Bed
·       Stainless Steel Bed
·       Alloy Bed
·       Others

Market Analysis, Insights, and Forecast – By Application

·       Psychiatric
·       Infectious Diseases
·       Tuberculosis
·       Others

Hospital Beds Market Regional Overview

The regional analysis include adoption of Hospital Beds products across North America, Europe, Asia-Pacific (APAC), Latin America Middle East & Africa (MEA). Europe was the leading revenue contributor to the global Hospital Beds market in 2020 due to upsurge in number of chronic disease and increase in geriatric population. However, Asia-Pacific is expected to experience the fastest CAGR during the forecast period, due to growing government focus on healthcare sector, rising prevalence of chronic diseases, pandemic outbreak of COVID-19.

Hospital Beds Market, By Geography

·       North America (US & Canada)
·       Europe (UK, Germany, France, Italy, Spain, & Rest of Europe)
·       Asia-Pacific (Japan, China, India, Australia, & South Korea, & Rest of Asia-Pacific)
·       LAMEA (Brazil, Saudi Arabia, UAE & Rest of LAMEA)

Hospital Beds Market Competitor overview

Some key developments and strategies adopted by manufacturers in the Hospital Beds are highlighted below.

·       In February 2021, Stryker introduced its ProCuity Bed Series, a low-height hospital bed designed for all patient care environments. It has wireless connectivity and fall prevention technology.

Hospital Beds Market, Key Players

·       STRYKER
·       Hill-Rom
·       LINET GROUP
·       JOERNS
·       STIEGELMEYER
·       Span America
·       The French Bed
·       Merivaara
·       Guldmann
·      ArjoHuntleigh