Technological Advancements in Hospital Beds: Market Opportunities to 2030

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Technological Advancements in Hospital Beds: Market Opportunities to 2030

Hospital Beds Market by Product (Bed, Accessories), Technology (Manual, Powered), Type of Care (Rehabilitative, Curative, Long Term), Healthcare Facility (Pediatric, Maternal, Bariatric, Critical, Homecare, Med Surg) - Global Forecast to 2030

Meticulous Research® has unveiled a comprehensive market research report titled "Hospital Beds Market by Product (Bed, Accessories), Technology (Manual, Powered), Type of Care (Rehabilitative, Curative, Long Term), Healthcare Facility (Pediatric, Maternal, Bariatric, Critical, Homecare, Med Surg) - Global Forecast to 2030." This report projects that the global hospital/medical beds market will soar to $6.66 billion by 2030, growing at a robust compound annual growth rate (CAGR) of 6.4% from 2023 to 2030.

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Hospital and medical beds are critical components of patient care in hospitals and healthcare clinics. These specialized beds are designed to enhance patient comfort and aid in recovery by providing adjustable positions that accommodate various medical needs. By enabling patients to recline or sit up as required, these beds facilitate easier caregiving, reduce the risk of injury, and support mobility monitoring, ultimately granting patients greater freedom and independence.

The market for hospital beds is categorized into several key segments including Product (Beds, Accessories), Technology (Powered Beds [Electric Beds, Semi-electric Beds], Manual Beds, Smart Beds), Type of Care (Curative Care, Long-term Care, Rehabilitative Care), Healthcare Facility (Critical Care Unit, Long-term Care Unit, Bariatric Care Unit, Med-Surg Care Unit, Pediatric Care Unit, Maternal Care Unit, Home Care Settings), and Geography. The study also provides an in-depth analysis of industry competitors and their market shares on both global and regional scales.

Market Dynamics and Trends

In 2023, the beds segment is projected to hold the largest market share. The expansion of hospitals, government investments aimed at enhancing healthcare quality, the growing geriatric population, and the increased demand for long-term care due to rising chronic diseases are pivotal factors driving this trend.

The technology segment highlights a significant shift towards powered beds, which are expected to dominate the market in 2023. The appeal of powered beds lies in their advanced features, including ease of patient movement, enhanced comfort, adjustable positions, mobile monitoring capabilities, and fall detection. These attributes contribute to their growing popularity among healthcare providers and patients alike.

When examining the type of care, the curative care segment is anticipated to lead the market in 2023. This is attributed to the prevalent use of hospital beds in the treatment of various chronic and acute conditions, the increasing elderly population, and the rise in physical injuries requiring specialized care.

Among healthcare facilities, the critical care unit segment is expected to capture the largest market share in 2023. The high prevalence of chronic diseases and severe injuries, which result in frequent admissions to intensive care units (ICUs) and critical care units (CCUs), fuels the demand for advanced hospital beds.

Regional Insights

Geographically, the hospital/medical beds market is divided into five major regions: North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa, with further breakdowns by key countries. In 2022, Europe emerged as the largest market, followed by North America, Asia-Pacific, Latin America, and the Middle East & Africa. Europe’s leading position is supported by government initiatives to improve healthcare infrastructure, particularly in the aftermath of the COVID-19 pandemic, as well as the high burden of an aging population, enhanced collaboration among hospitals, and a robust healthcare system with skilled medical professionals.

Key Players and Competitive Landscape

The report identifies several key players driving growth in the hospital beds market, including:

Stryker Corporation (U.S.)
Hill-Rom Holding, Inc. (Part of Baxter International Inc.) (U.S.)
Invacare Corporation (U.S.)
Getinge AB (Sweden)
Paramount Bed Holdings Co., Ltd. (Japan)
Medline Industries, LP (U.S.)
Stiegelmeyer GmbH & Co. KG (Germany)
LINET Group SE (Czech Republic)
Joerns Healthcare LLC (U.S.)
Drive DeVilbiss Healthcare (U.S.)
Savaria Corporation (Canada)
Midmark Corporation (U.S.)
Amico Corporation (U.S.)
Famed Zywiec Sp. z o.o. (Poland)
Malvestio Spa (A Subsidiary of Malvestio Group) (Italy)

By Now- " Hospital Beds Market - Global Opportunity Analysis And Industry Forecasts (2023-2030) "
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Scope of the Report

The report offers an exhaustive analysis of the hospital beds market, covering: