The hospital bed is a particular bed that can be adjusted as per the comfort requirement by the increasing head, foot, or middle positions. Hospital beds provide various facilities such as convertible height, electronic buttons to use in an emergency and bring comfort and ease to patients during treatment. Hospital beds can be put to any inclination or reclined according to the patient’s convenience or comfort.
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The Hospital Beds Market is projected to grow at 8.81% CAGR by 2027 due to the technological innovations in ICU beds, rising investments in healthcare infrastructural establishment, and growing volume of chronic care patients. In addition, people have started preferring home care facilities significantly, increasing the demand for hospital beds because the elderly population is more vulnerable to developing chronic illnesses and needs intensive home care. Apart from that, the high involvement in the beds’ products is likely to hinder the market growth.
Hospital Beds Market based on Type
• General • Pediatric • Birthing • Bariatric • Pressure Relief
Hospital Beds Market based on Treatment
• Acute Care • Long-Term Care • Critical Care
Hospital Beds Market based on Power
The general type of beds is the largest and fastest-growing segment in the hospital beds market. Because the general beds are economically priced and are comparatively cheaper than other specialty hospital beds, such as bariatric and pediatric beds, and mainly used by care-takers and general staff in clinics, hospitals, nursing homes, and other medical institutions.
Further, the long-term treatment segment has a rapid growth in the forecast period as per the hospital beds market by treatment. The growth is ascribed to the increase in the number of patients with extreme health conditions and those who need prolonged stays in hospitals, such as in cases of cancer and other chronic diseases.
The manual segment is likely to lead the hospital beds market based on power. This is because these beds are accepted by end-users in developing countries, owing to their availability at a lower cost compared to electric and semi-electric beds. Additionally, these beds need less maintenance, so they are most widely used in hospitals, nursing homes, and home care settings.
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The hospital’s segment has captured a significant share in the market based on the end-user. This is because rise in healthcare investments has resulted in the construction and renovation of old hospitals with improved medical equipment and hospital beds. Further, governments are emphasizing on providing improved healthcare facilities for patients in hospitals.
As per the geographical analysis, the European region is the major contributor to the hospital beds market growth. This is due to the growing per capita healthcare expenditure, escalating geriatric population, increasing prevalence of chronic diseases, and technological advancements.
Comparatively, home healthcare is inexpensive, more convenient, and effective than hospital settings. Home healthcare services consist of nursing care, physical therapy, scheduled doctor visits, rehabilitative services, elderly counseling, home blood collection, occupational speech-language therapy, and medical social services. Because of the significant demand for home healthcare services in the developed countries, several manufacturers are changing their focus on providing medical beds for home care. Therefore, increasing preference for home healthcare services globally is driving the global hospital beds market.