Hospital Beds Market 2018- 2023
The Future of Smart Hospital Beds - How Smart
Technologies Can Change Hospitals Globally?
The Global Hospital Beds Market is expected to grow at a CAGR of 4.8% from
2018 to 2023 to reach USD 3.14 billion by 2023. Owing to growing number of
hospitals and increasing pool of elderly population coupled with growing
prevalence of chronic diseases, this industry has witnessed steady growth over the
last few years. Further, launch of technologically advanced beds and favourable
reforms for long term care have improved the adoption of hospital/medical beds
in many countries across the globe.
Hospital Beds Market By Product (Beds, Accessories), Area Of Use (Critical,
Bariatric, Med Surg, Pediatric, Maternal), Technology (Powered, Manual), Type Of
Care (Curative, Long Term), And End User (Hospital, Homecare, Elderly) - Global
Forecast To 2023
According to this latest publication from Meticulous Research®, the global
hospital/medical beds market is expected to grow at a CAGR of 4.8% from 2018 to
reach USD 3.14 billion by 2023. The growth of this market will be driven by factors
such as increasing elderly population coupled with growing prevalence of chronic
diseases, growing number of hospitals, and launch of technologically advanced
beds. Moreover, emergence of smart beds and robotic beds, growing demand for
beds in home care settings, growing demand from developing economies, and
growing medical tourism further supports the growth of this market. However,
rising preference to minimally invasive surgeries (eliminating necessity of longer
hospital stays) and decreasing number of beds in public hospitals hinders the
growth of this market to some extent.
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