Hospital bed market is primarily driven by growing geriatric population, as they are more susceptible to the disease and require frequent hospitalization. Hence, growing geriatric population is expected to favor the growth of hospital bed market. Growing prevalence of chronic disease and investments by hospitals on infrastructural development is expected to drive the growth of the market. Technological advancement for ICU beds is expected to contribute to the growth of the market.
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For instance, Stryker’s InTouch, critical care bed is the first high acuity care bed, which provide advance technology, back smart ergonomics, and control all bed functions with an easy operating touch screen interface. However, high cost of the intensive care bed and advancement in treatments significantly reduce the hospital stay, which is hindering the growth of hospital bed market.
Hospital Beds are designed for hospitalized patients or for the patients who need healthcare services. Hospital beds provide numerous facilities, such as adjustable height, electronic buttons to operate in case of emergency, and provides patients with comfort and ease while getting treatment. Household beds are difficult to maintain for longer period whereas, hygiene and cleanliness are not maintained properly.
The global Hospital Beds Market was valued at US$ 3.1 billion in 2017 and is expected to witness a robust CAGR of 6.2% over the forecast period (2017 – 2025).
Hospital beds can be set to any inclination or reclined as per the patient’s condition or comfort. In addition, hospitals beds are also custom made for various patient or medical institution setting, such as pediatric beds, psychiatry beds, outpatient beds, bariatric beds, maternity beds, terminal patient beds, ambulatory, and intensive care unit beds. Many modern hospital beds have the provision of electrical assistance for movement as well as for patient monitoring. It also allows patients to adjust the height without the help of caretaker.