Hospital Beds Global Market to Reach $6.9 Billion by 2030: Safety Features Gain Significance in Bed Designing

DUBLIN, July 17, 2023 /PRNewswire/ -- The "Hospital Beds: Global Strategic Business Report" report has been added to  ResearchAndMarkets.com's offering.

The global market for Hospital Beds estimated at US$4.1 Billion in the year 2022, is projected to reach a revised size of US$6.9 Billion by 2030, growing at a CAGR of 6.6% over the analysis period 2022-2030.

General Purpose, one of the segments analyzed in the report, is projected to record a 7.6% CAGR and reach US$3.5 Billion by the end of the analysis period.

Taking into account the ongoing post pandemic recovery, growth in the Pressure Relief segment is readjusted to a revised 5.6% CAGR for the next 8-year period.

The U.S. Market is Estimated at $952.5 Million, While China is Forecast to Grow at 8.6% CAGR

The Hospital Beds market in the U.S. is estimated at US$952.5 Million in the year 2022. China, the world's second largest economy, is forecast to reach a projected market size of US$934.2 Million by the year 2030 trailing a CAGR of 8.6% over the analysis period 2022 to 2030.

Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 4.8% and 6.5% respectively over the 2022-2030 period. Within Europe, Germany is forecast to grow at approximately 5.8% CAGR. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$782.5 Million by the year 2030.

Select Competitors (Total 198 Featured) -

• ArjoHuntleigh AB
• Famed Zywiec Sp. z.o.o
• Gendron, Inc.
• Hill-Rom Holdings, Inc.
• Invacare Corporation
• Jiangsu Saikang Medical Equipment
• Joerns Healthcare LLC
• Joh. Stiegelmeyer GmbH & Co. KG
• Linet, spol.s r.o.
• Malvestio Group
• Medline Industries, Inc
• Missaglia Spa
• Paramount Bed Co., Ltd.
• Savion Industries
• Stryker Corporation
• Zhengzhou Besco Medical Co., LTD

Key Topics Covered:

I. METHODOLOGY

II. EXECUTIVE SUMMARY

1. MARKET OVERVIEW

• Impact of COVID-19 Pandemic and Looming Global Recession; Living with COVID-19, the New Normal
• Stagflation and Risk of Recession: New Challenges Emerge for the Global Market in 2022 & 2023
• World Economic Growth Projections (Real GDP, Annual % Change) for the Years 2020, 2021, 2022 and 2023
• COVID-19 Pandemic Causes Great Distress to Hospitals
• Inexorable Rise in COVID-19 Cases Exhausts Supplies of Critical Medical Equipment and Hospital Beds
• Global Hospital Beds Per 1000 People as of May-2020
• Triaging: A Relevant Strategy to Address Resource Shortage
• Competitive Scenario
• Hospital Beds - Global Key Competitors Percentage Market Share in 2022 (E)
• Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2022 (E)
• Hospital Beds: A Critical Part of Patient Care Environment
• Global Market Prospects & Outlook
• Growth Drivers and Deterrents
• Emerging Markets Drive Future Growth Opportunities
• Factors Driving Growth by Bed Type
• Factors Influencing Demand for Beds: (Rating on a 1-10 Scale)
• Electric Beds Witness Stronger Growth
• Hospital Bed Density Worldwide: A Review
• Need for New Hospital Constructions to Drive Demand
• Rising Incidence of Chronic Diseases and Global Pandemics Contribute to Demand
• Global Cancer Incidence: Number of New Cancer Cases in Million for the Years 2018, 2020, 2025, 2030, 2035 and 2040
• World Diabetes and Population Statistics (2019, 2030 & 2045)
• ESRD Prevalence Worldwide: Number of Treated ESRD Patients Per Million Population in Select Countries for 2019
• Efficient and Cost-Effective Hospital Bed Design Continues to Gain R&D Focus
• An Introduction to Hospital Beds
• Medical Beds
• Types of Beds
• Manual Beds
• Semi-Electric Beds
• Electric Beds
• Categorization on he Basis of Specialty Functions
• General Purpose Beds
• Birthing Beds
• Pediatric Beds
• Bariatric Beds
• Pressure-Relief Beds
• Recent Market Activity
• Select Global Brands

2. FOCUS ON SELECT PLAYERS

3. MARKET TRENDS & DRIVERS

• COVID-19 Pandemic Galvanizes Demand for Smart Hospital Beds
• Innovation in Hospital Bed Designs Ensures Increased Patient Safety
• Smart Beds Bring in a Transition to Healthcare Standards
• Players Focus on Advanced Technologies for Improved Functionalities
• Chula Engineering's Smart Hospital Bed
• ProCuity Hospital Bed, First-of-its-kind Wireless Hospital Bed Innovation from Stryker
• Select Innovations by Other Companies
• Progressive Mobility: A Growing Area of Focus in Bed Design
• Safety Features Gain Significance in Bed Designing
• Focus Grows on Beds Designed for Home Care
• Manufacturers Focus on Designing Beds with Additional Features for Bariatric Patients
• Birthing Beds Equipped with New Features to Ensure Safe and Easy Delivery
• Rise in HAPU Incidence Results in Growing Emphasis on Pressure Relief Beds
• Medical Tourism Offers Growth Opportunities in Emerging Markets
• Most Traveled Destinations for Medical Procedures in Emerging Markets and Cost Savings Compared to the US
• Comparative Procedure Costs: US vs India, Thailand, Singapore (In US$ Million)
• Growing Focus on Outpatient Care to Impact Bed Demand
• Stylish and Adjustable Beds: An Evolving Area of Interest
• Rise in Preference for Support Surface Versatility
• Impact of Healthcare Expenditure on Market Growth
• World Healthcare Expenditure (In US$ Billion) for the Years 2017-2023
• Burgeoning Geriatric Population Demand Greater Clinical Care
• Elderly Healthcare Expenditure as a % of GDP
• Global Population Statistics for the 65+ Age Group in Million by Geographic Region for the Years 2019, 2025, 2035 and 2050
• Life Expectancy at Age 60 and 80 Years - (2010-2015), (2020-2025) & (2045-2050)
• Growth in Obesity Numbers Drive Demand for Bariatric Beds
• World Obesity Prevalence (2015 & 2022): Percentage of Obese Population for Leading Ten Countries
• Growing Burden of Obesity Worldwide: Obesity as a % of Total Healthcare Expenditure Across Select Countries: 2020-2050
• Increase in Birth Rate and Pediatric Population Offers Opportunities
• Global Population of Children Between 0-4 years (2015 & 2020)
• Global New Births (in Millions) per Annum by Geographic Region

4. GLOBAL MARKET PERSPECTIVE

III. MARKET ANALYSIS

IV. COMPETITION

For more information about this report visit https://www.researchandmarkets.com/r/yyr82o

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