3 Key Insights on the US$ 6 Billion Opportunity in the Global Hospital Bed Market

Driven by the increasing chronic diseases, and other infectious viruses, The Global Hospital Bed Market is forecasted at approximately US$ 6 Bn by 2028 says Ken Research Study.

Hospital beds are those which are maintained regularly and are available for the care of admitted patients. Hospital beds include acute care beds, rehabilitative care beds, long-term care beds, adjustable hospital beds, specialty care beds, and others. Hospital beds are also called in-patient hospital care beds, which are further subdivided into nursing care beds, psychiatric care beds, and others.

“Ken Research shares 3 key insights on this dynamic market from its latest research study.”

1. Increasing Healthcare Spending amid COVID-19, is a Driving Factor for the Growth of the Hospital Bed Market.

According to Ken Research Analysis, the Global Hospital Bed Market was valued at US$ 3 billion in 2017, it is estimated to be ~US$ 4 billion in 2022 and is forecasted to reach a ~US$ 6 billion opportunity by 2028, owing to Increasing demand for advanced hospitals beds, increasing government healthcare spendings, and rising prevalence of severe diseases.

According to American Medical Association, a professional association group of physicians and students stated that health spending in the USA increased by 9.7% in 2020 to US$ 4.1 trillion. Healthcare spending was 19.7% of GDP in comparison with 17.6% of GDP in 2019.

As per the Federal Statistical Office of Germany, financing from government transfers and subsidies rose to 15.7% in 2020. Health expenditure in Germany rose to a new record high of US$ 443.09 in 2020.

2. Increasing Chronic Diseases, are Fuelling the Growth in Hospital Bed Market.

According to World Health Organization (WHO), a specialized agency of the United Nations responsible for international public health, mentioned that an estimated 17.9 million people died from cardiovascular diseases (CVDs) in 2019, representing 32% of all global deaths. Cardiovascular diseases are a group of disorders of the heart and blood vessels, owing to which require severe medical attention.

According to the Centres for Disease Control, in the USA alone, chronic diseases account for nearly 75% of aggregate healthcare spending, or an estimated US$ 5,300 per person annually. Surging deaths and cases of chronic diseases worldwide are likely to increase the beds capacity in the hospital’s infrastructure.

Request For Sample Report @

https://www.kenresearch.com/sample-report.php?Frmdetails=NTk2MDg4

3.   Higher Cost of Electric & Semi-Electric Hospital Bed Cost, is Likely to Hamper the Growth of the Hospital Bed Market.

Higher costs of electric hospital beds as compared to manual beds are likely to hamper the growth of the market. According to GoodRx Health, an online health resource company stated that a new hospital bed can cost less than US$ 500 to more than US$ 5000, depending on the features. Manual hospital beds are less costly and have a hand crank to change their heights and angle. Full electric models are available for much higher prices. The higher cost of hospital beds is reflected in the medical bills of the patients which gradually increase according to the disease and thus the patient is reluctant to choose less expensive facilities for the treatment. Also, most of the health and medical insurance providers only cater to a certain amount of facilities on per daily basis which is also another reason the hospital staff and management go for less expensive beds.

For more information on the research report, refer to the below link:

Demand for Hospital Beds in Consumer Sector

Read Also –  

3 Key Insights on Competitive Landscape in the Global Hospital Bed Market

Follow Us –

LinkedIn | Instagram | Facebook | Twitter | YouTube

Contact Us: –

Ken Research

Ankur Gupta, Head Marketing & Communications

support@kenresearch.com

+91-9015378249

 

Tags: Acute Care Hospital Bed Market, Africa Hospital Bed Market Analysis, Ambulatory Hospital Bed Market, Amico Electric Hospital Bed Market, Asia Pacific Hospital Bed Market, Bariatric Care Hospital Bed Market, Challenges in Growth of Hospital Bed Market, Clinics and Hospitals Bed Suppliers, Clinics Hospital Bed Market, Competitors in Hospital Bed Market, Demand for Hospital Beds in Consumer Sector, Distributors of Hospital Bed, Electric Bed Component Suppliers, Electric Hospital Bed Market, Emerging Companies in Hospital Bed Market Hospital Bed Industry Challenges, Europe Hospital Bed Market Revenue, Furniture Distributors & Resellers, Getinge Hospital Bed Market, Global Clinical Beds Market, Global Healthcare Beds Market, Global Hospital Bed Distributors, Global Hospital Bed End Users, Global Hospital Bed Industry, Global Hospital Bed Market, Global Hospital Bed Suppliers, Global Hospital Beds Industry, Global Hospital Beds Market, Global Medical Beds Market, Global Patient Beds Market, Healthcare Start-ups, Hospital Bed Manufacturing Companies, Hospital Bed Products Market, Hospital Bed Raw Material Suppliers, Invacare Octave Bariatric Bed, Investment Banks Targeting Healthcare Industry, Latin America Hospital Bed Market, Leading Players in Hospital Bed Market, Linet Universal Hospital Bed Market, Long Term Care Hospital Bed Market, Malvestio Ward Hospital Bed Market, Manual Hospital Bed Market, Medical and Nursing Bed Manufacturers, Medline Hospital Bed Market, Middle East Hospital Bed Market, North America Hospital Bed Market, Opportunities in Hospital Bed Market Hospital Bed Market Trends, Paramount Hospital Bed Market, PE and VC Firms focused on Healthcare Sector, Plastics and Composites Manufacturers, Potential Entrants into Hospital Furniture Industry, Semi Electric Hospital Bed Market, Stiegelmeyer Evario Hospital Bed Market, Stryker ICU Critical Care Beds Market, Top Hospital Bed Companies, Worldwide Hospital Bed Market