Global Hospital Beds Market, by Usage (Acute Care Beds, Psychiatric Care Beds, Long- term Care Beds, and Others (Maternity and Bariatric Beds)), by Application (Intensive Care Beds and Non-intensive Care Beds), by Type (Electric Beds, Semi-electric Beds, and Manual Beds), by End User (Hospitals, Home Care Settings, Elderly Care Facilities, Ambulatory Surgical Centers, and Others), and by Region (North America, Latin America, Europe, Asia Pacific, Middle East, and Africa) is estimated to be valued at US$ 3.49 billion in 2019 and is expected to exhibit a CAGR of 6.2% over the forecast period (2019-2027), as highlighted in a new report published by Coherent Market Insights.

 Increasing government initiatives for advancing healthcare infrastructure is expected to drive the market growth over the forecast period. For instance, in January 2019, National Health Services published its long term Health Infrastructure Plan (HIP) to transform the hospital care in the U.K.  Moreover, six new hospitals will be built from 2020 to 2025 in different regions of the U.K. under the Health Infrastructure Plan1 (HIP1), while another 34 hospitals will be built from 2025 to 2030 under the Health Infrastructure Plan2 (HIP2) in UK. Thus the National Health Services has planned to open around 40 hospitals in different cities of the U.K. within next 10 years, which is expected to boost growth of hospital beds market, over the forecast period.

Browse 20 Market Data Tables and 12 Figures spread through 120 Pages and in-depth TOC on “Hospital Beds Market”- Global Forecast to 2027, Usage (Acute Care Beds, Psychiatric Care Beds, Long-term Care Bed, and Others (Maternity and Bariatric Beds)), by Applications (Intensive Care Beds and Non-intensive Care Beds), by Type (Electric Beds, Semi-electric Beds, and Manual Beds), by End User (Hospitals, Home Care Settings, Elderly Care Facilities, Ambulatory Surgical Centers, and Others), and by Region (North America, Latin America, Europe, Asia Pacific, Middle East, and Africa)

To know the latest trends and insights prevalent in the global Hospital Beds market, click the link below:

https://www.coherentmarketinsights.com/market-insight/hospital-beds-market-993

The increasing incidence of chronic diseases such as cancer and cardiovascular diseases are expected to propel the market growth over the forecast period. For instance, according to the Australian Cancer Research Foundation, around 134,174 people were diagnosed with cancer in 2017 in Australia and around 47,753 deaths were reported due the cancer related illness in the same year.

Key Takeaways of the Global Hospital Beds Market:

  • The global hospital beds market is expected to exhibit a CAGR of 6.2% over the forecast period, owing to rising incidence of chronic diseases and increasing technological advancements in healthcare infrastructure. For instance, according to the World Health Organization, around 1.2 million new cases of cancer were reported in India in the year 2018.
  • Among usage, psychiatric care beds segment held a significant market share in 2018, owing to increasing incidence of mental illness. For instance, the 2017 survey on children and young people's mental health by UK government, estimated that 12.8% children of ages 5 to 19 were suffering from a mental disorder in England in 2017.
  • Key players operating in the global hospital beds market include 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, and Midmark Corporation
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