$7.15+ Billion Hospital Beds Market Poised for Growth: Projected to Reach by 2031

PORTLAND, OR, UNITED STATES, September 30, 2024 /EINPresswire.com/ -- The hospital beds market¹ has shown substantial growth due to various factors influencing healthcare demands. Valued at $3.39 billion in 2021, it is projected to reach $7.15 billion by 2031, growing at a CAGR of 7.4% from 2022 to 2031. Hospital beds offer essential support for patient care, allowing adjustments for optimal comfort and convenience for healthcare professionals.

𝐆𝐞𝐭 𝐚 𝐒𝐚𝐦𝐩𝐥𝐞 𝐂𝐨𝐩𝐲 𝐨𝐟 𝐭𝐡𝐢𝐬 𝐑𝐞𝐩𝐨𝐫𝐭: https://www.alliedmarketresearch.com/request-sample/A15374

Key Growth Drivers
• Rising Road Accidents & Surgical Procedures: The increase in road accidents and surgical procedures plays a significant role. For example, in 2020, the U.S. reported 38,680 deaths due to road accidents, fueling demand for hospital beds.
• Geriatric Population Surge: An aging population is a critical factor, with over 20.8% of the EU population aged 65 and above in 2021. Older individuals are more prone to chronic diseases, increasing demand for surgeries and hospital beds.
• Technological Advancements: Innovative hospital beds, like Stryker’s ProCuity wireless bed, are improving safety and workflow in healthcare settings. Such innovations drive market growth.

Market Segmentation
1. By Technology:
• Powered Beds: Dominated the market in 2021 due to advanced functionalities.
• Manual Beds: Expected to witness growth, particularly due to affordability and suitability for elderly care.

2. By Application:
• Acute Care: Growth is driven by an increase in accidents and healthcare spending.
• Long-Term Care: Dominated the market, spurred by chronic diseases and an aging population.

3. By End User:
• Hospitals: Largest share, supported by rising hospital numbers and government healthcare initiatives.
• Ambulatory Surgical Centers: Gaining popularity due to the rise of medical tourism and cancer treatments.

Regional Insights
• Asia-Pacific: Led the market in 2021, benefiting from a large population base and the prevalence of chronic diseases.
• Europe: Expected to see significant growth due to road accidents and advanced healthcare infrastructure.

𝐄𝐧𝐪𝐮𝐢𝐫𝐞 𝐁𝐞𝐟𝐨𝐫𝐞 𝐁𝐮𝐲𝐢𝐧𝐠: https://www.alliedmarketresearch.com/purchase-enquiry/A15374

David Correa
Allied Market Research
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¹ https://www.alliedmarketresearch.com/hospital-beds-market-A15374