The Business Research Company’s Hospital Beds Global Market Report 2023 is the most detailed report available on the market, including broad forecast periods and multiple geographies. The report covers the historic period – 2010-2021, and the forecast period – 2023-2032. The Hospital Beds Global Market Report 2023 evaluates hospital beds market size, growth rate, drivers, trends, and major companies.
The report provides a global perspective by covering 60 geographies and focusing on major economies in each region – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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The global hospital beds market is expected to grow from $3.83 billion in 2022 to $4.14 billion in 2023 at a compound annual growth rate (CAGR) of 8.1%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The hospital beds market is expected to reach $5.5 billion in 2027 at a CAGR of 7.4%.
The rising hospitalization rate is expected to propel the growth of the hospital bed market. Hospitalization refers to admitting a patient into a hospital or other healthcare facility for medical treatment, observation, or care. Upon hospitalization, patients use hospital beds to stay in the hospital while undergoing treatment, recovering, and resting. For instance, in March 2023, according to the Ontario Agency for Health Protection and Promotion, a Canada-based governmental health agency, the COVID-19 hospitalizations in 2022 stood at 29,524, increasing from 22,559 in 2021. Further, hospitalizations per 100,000 people were also higher in 2022 than in 2021. Therefore, the increasing hospitalization rates are driving the growth of the hospital bed market.
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The hospital beds market segments in the report are:
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 table of contents in TBRC’s hospital beds market report includes:
1. Executive Summary
2. Hospital Beds Market Characteristics
3. Hospital Beds Market Trends And Strategies
4. Hospital Beds Market – Macro Economic Scenario
5. Hospital Beds Market Segmentation
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32. Global Hospital Beds Market Competitive Benchmarking
33. Global Hospital Beds Market Competitive Dashboard
34. Key Mergers And Acquisitions In The Hospital Beds Market
35. Hospital Beds Market Future Outlook and Potential Analysis
36. Appendix
Top Major Players:
- Apex Medical Corp
- Sunrise Medical LLC
- Invacare Corporation
- Paramount Bed Co. Ltd.
- Midmark Corporation
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