Global Hospital Beds Market Projected to Reach Over USD 6,575.4 Million by the End Of 2026
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The Global Hospital Beds Market was capitalized for USD 4,395.9 Million in 2019 and is estimated to reach USD 6,575.4 Million by the end of 2026, developing at a CAGR of over 7.14% during the forecast period 2015–2026.
The global hospital beds market was capitalized for USD 4,395.9 Million in 2019 and is estimated to reach USD 6,575.4 Million by the end of 2026, developing at a CAGR of over 7.14% during the forecast period 2015–2026. Hospital beds are intended for hospitalized patients or for the patients, who require healthcare services as well as for the convenience of their caretaker. It provides numerous facilities such as adjustable height, electronic buttons to operate in case of emergency and deliver comfort and ease to patients during treatment.
Some of the key players in the market are Stryker Corporation, Hill-Rom Holdings, Inc., Getinge AB, Invacare Corporation, Medline Industries, Inc., Linet Spol. S.R.O., Stiegelmeyer GmbH & Co. Kg, Antano Group S.R.L, Amico Corporation, Midmark Corporation and others.
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Growing incidence of chronic diseases is expected to propel the market growth
In the last few years, there is a rise in the incidence of various chronic diseases such as cardiovascular disease (CVD), cancer, chronic pulmonary diseases and others. For instance, according to an article published by the Cancer Research UK (United Kingdom), more than 20 cases of ovarian cancers are diagnosed every day and it is expected to increase by around 15% from 2014 to 2035 in the United Kingdom. Furthermore, in another instance, according to the American Cancer Society, in 2020, more than 13,130 new cases of soft tissue sarcomas will be diagnosed in the United States. Therefore, the increasing incidence of numerous cancers is among the major factors driving the hospital beds market.
The global hospital beds market is bifurcated into type, application, and regional analysis. Based on the type, the market is divided into ABS bed, stainless steel bed, alloy bed, others. Based on the application, the market is divided into psychiatric, infectious diseases, tuberculosis, others
“Hospital Beds Market – By Type (ABS Bed, Stainless Steel Bed, Alloy Bed, Others), By Application (Psychiatric, Infectious Diseases, Tuberculosis, Others), and By Region (North America, Europe, Asia Pacific, Latin America, Middle East & Africa) – Global Comprehensive Analysis, Forecast (2015-2026), Industry Perspective.”
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The global hospital beds market is segmented into:
- ABS Bed
- Stainless Steel Bed
- Alloy Bed
- Infectious Diseases
- North America
- The U.S.
- The UK
- Rest of Europe
- Asia Pacific
- South Korea
- Southeast Asia
- Rest of Asia Pacific
- Latin America
- Rest of Latin America
- Middle East & Africa
- South Africa
- Rest of Middle East & Africa