Hospital beds market to reach USD 4.83B by 2029

According to Arizton’s latest focus Insight report, the global hospital beds market is growing at a CAGR of 4.71% during the forecast period.

Full-electric hospital beds enable patients with reduced mobility to move freely. In recent years, there has been a rising prevalence of patients suffering from chronic and other acute disease conditions such as spinal injuries, paralysis, and others. This patient population demands full-electric hospital beds for better assistance and quality care. Also, quick assistance with smart features such as continuous monitoring and bed alarms, among others, increase the demand for full-electric beds in medical emergency rooms. Furthermore, governments in multiple countries are revamping their healthcare sector, increasing the growth of the full-electrical hospital beds market. Technological advancements improve full-electrical hospital beds, consequently leading to increased sales of these beds in the market. Also, developing countries focus on improving their healthcare infrastructure, increasing the number of multi-specialty advanced hospitals. The increasing number of multi-specialty and private hospitals prefer full-electric hospital beds, as these beds are available with advanced technology and easy handling, increasing their demand in the market. Also, vendors such as Stryker, Savion Industries, Baxter (Hill-Rom Holdings), Favero Health Projects, Getinge Group, Invacare, Paramount Bed Holdings, Gendron, Medline Industries, and other vendors are offering full-electric hospital beds. Further, with the rising demand for full-electric hospital beds, vendors have paced their production capacity and are supplying beds to meet the increasing demand. Thus boosting the demand for full-electric hospital beds in the upcoming years.

This indicates that the market offers tremendous growth opportunities for both existing and future/emerging players due to the presence of a large pool of target patient population, increasing elderly population, chronic disease prevalence, various other events such as patients recovering from surgeries, accidental cares, emergency care settings, and ambulatory setups, among others. All these factors contribute to the rising demand for hospital beds in the market. Arizton