The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032

The hospital beds market is projected to expand from $3.83 billion in 2022 to $4.14 billion in 2023, with a CAGR of 8.1%. By 2027, the market is anticipated to reach $5.5 billion at a CAGR of 7.4%.

Europe held the largest hospital beds market share, and Asia-Pacific was the fastest-growing region in 2022.

Hospital Beds Market Driver
The growing rate of hospital admissions is set to drive the hospital bed market. Hospitalization involves admitting patients to healthcare facilities for medical care, observation, or treatment. Hospital beds are used during hospital stays for treatment, recovery, and rest. For example, in March 2023, the Ontario Agency for Health Protection and Promotion reported that COVID-19 hospitalizations in 2022 increased to 29,524 from 22,559 in 2021, with higher hospitalization rates per 100,000 people in 2022 compared to 2021, indicating the increased demand for hospital beds.

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Prominent Hospital Beds Market Trend
Product innovations are a prominent trend in the hospital bed market, with major companies leveraging advanced technologies to introduce innovative offerings and maintain their market position. An example is Stryker, a US-based medical device company, which introduced the ProCuity smart medical bed in October 2020. This bed is the industry’s first fully wireless hospital bed, employing load cell technology to detect patient weight and alert nurses to ensure proper positioning. Additionally, it utilizes the iBed Watch system for wireless operation, enhancing hospital workflows and convenience.

Hospital Beds Market Prominent Players
Major players in the hospital beds market are Apex Medical Corp, Sunrise Medical LLC, Invacare Corporation, Paramount Bed Co. Ltd., Midmark Corporation, Drive Medical, Joerns Healthcare LLC, Span-America Medical Systems, ArjoHuntleigh, Stiegelmeyer GmbH & Co. KG, Joh. Stiegelmeyer & Co. GmbH, Linet spol s.r.o, Amico Corporation, Nitrocare, Kanghui Medical Technology, Savion Industries, Guldmann AS, Haelvoet NV, Proma Reha Inc., Medline Industries LP, Stryker Corporation, Merivaara Corporation, Malvestio SpA, Hopefull Medical Equipment, StarMed Healthcare, Novak M d.o.o., Besco Medical Co. Ltd, Gendron Inc.,Royax SRO., and Getinge AB.

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Key Hospital Beds Market Segments
The global hospital beds market is segmented –
1) By Type: Semi-Electric Beds, Electric Beds, Manual Beds
2) By Usage: Acute Care Beds, Long-Term Care Beds, Psychiatric Care Beds, Other Usages
3) By Application: Non-Intensive Care Beds, Intensive Care Beds
4) By End User: Hospitals, Clinics, Ambulatory Services, Other End Users

The Hospital Beds Global Market Report 2023  provides a comprehensive overview on the hospital beds market size, trends and drivers, opportunities, strategies, and companies analysis. The countries covered in the hospital beds market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, the UK, and the USA, and the major seven regions are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa.

View More Related Reports –
Bed Monitoring System And Baby Monitoring System Global Market Report 2023
Smart Bed Global Market Report 2023
ICU Beds Global Market Report 2023

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