Emergency Hospital Beds Market

Emergency Hospital Beds Market Outlook (2023 to 2033)

The Global revenue from the Emergency Hospital Beds Market was US$ 7.5 Billion in 2022, with the global market expected to grow at a CAGR of 4.1% to reach a valuation of US$ 11.7 Billion by the end of 2033.

As assessed by Persistence Market Research, emergency beds are the leading segment by product and accounted for 86.5% of the global market in 2022. Overall, hospital beds market sales accounted for 8.9% of the global beds and bedding market, which was valued at around US$ 84.0 Billion in 2022.

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Sales Analysis of Market from 2013 to 2022  Vs Market Outlook for 2023 to 2033

The global market recorded a historic CAGR of 3.7% in the last 9 years from 2013 to 2022

Over the past few years, major furniture manufacturers have been expanding their capacity in the production of hospital beds. It is about to carry huge demand in the future, due to large demand from end users owing to an increase in medical admission, and to improve site targeting to cut unneeded transportation costs.

Rising hospitalization in recent times due to the increasing number of surgical procedures, cardiovascular diseases, infectious diseases, and other chronic diseases, are expected to grow for the global expansion of the emergency hospital beds market.

The increase in hospital admissions caused by traffic accidents will also result in a greater need for emergency hospital beds. Emergency services are required in the majority of these accidents, thereby increasing demand.

Sales will rise as a result of partnership arrangements, teamwork, and acquisitions to advance the production of emergency hospital beds. Over the course of the projected period, there is expected to be a significant expansion in the market for emergency hospital beds market. Trauma, accidents, and pandemics are turning the market's growth on its head because of the rising prevalence of chronic diseases and infections.

The global market is likely to show high growth over the coming years at a CAGR of 4.1% and reach a global market size of US$ 11.7 Billion by 2033.

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How Can the Global Market Grow?

The market for emergency hospital beds is expanding as a result of important factors such as the rise in the incidence of chronic diseases, improvements in hospital beds, and an increase in the number of elderly people.

The COVID-19 pandemic and the rise in healthcare expenditure are also expected to contribute to the growth of emergency hospital beds.

In the healthcare industry, it's anticipated that demand for emergency hospital beds with the newest technologies and personalized layouts will increase.

The market for hospital beds is segmented into types utilized for various types of treatment, including acute care, long-term care, and mental care. The emergency hospital beds market is working with efforts to integrate smart technologies into the hospital beds and stretchers for advanced pressure management, mobile communication, ease, and comfort for patient care.

The concept of medical tourism is growing at a significant pace in developing countries owing to the improved healthcare infrastructure, shorter waiting periods, easier access to care, and low-cost treatment option available in such countries. Countries such as Japan and India are focusing on increasing the medical tourism business, for instance. Japan began issuing six-month medical visas to visitors for medical treatment in Japan.

In India, the government has firmly controlled general healthcare spending. China is also focusing on the implementation of universal health insurance coverage.

The global healthcare business has benefited from technological advancements and reforms in the fields of medical equipment, pharmaceuticals, biotech, in-vitro diagnostics, and medical imaging. A significant increase in demand for critical care services is forcing global healthcare spending levels to unthinkable heights, which is putting pressure on key market actors around the world.

In the emergency hospital bed market, it is expected that the long-term category based on the treatment may witness the predominant CAGR during the forecast period.

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Can the Market Growth Be Affected in Any Way?

“Lack of skilled professionals, inadequate healthcare systems, and lethargic approach by public hospitals”

Asian countries have a dearth of skilled professionals for patient care and handling such as skilled nurses, which is a major concern. This shortage is faced by both major economic and third-wave countries.

Nurses are considered the third line of defense against any widespread epidemic, the ones who treat patients directly on daily basis.

Asia has been extensively facing a shortage of healthcare workers, and attaining a desirable number incurs huge expenses and challenges with the aging population.

Rural nations such as Nepal, and Bangladesh lack access to basic infrastructure as well as medical services due to a dearth of medical professionals, medical equipment, and furniture. They also lack access to basic infrastructure, with limited water and electricity supply, and have poor quality health services. The proper electricity and water supply are limited only in a few hospitals. These rural regions lack adequate medical services due to the dearth of medical professionals, medical equipment, and furniture.

It is normal to practice prescribing drugs irrationally, pay referral fees in exchange for referrals, and do pointless tests and operations. Increases in non-communicable diseases, accidents, and other factors present a danger to the country's health and economic security and are expected to change India's treatment requirements

The gap between accessibility and affordability for the underprivileged segment of society has grown due to rising delivery costs in the private sector brought on by pricey new technology and pharmaceuticals, as well as expensive infrastructure and operational costs.

This has added stress to an already overworked public infrastructure that is plagued by issues with service quality and accessibility. The infrastructure for healthcare has been improving slowly, which has put further demand on the system.

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Country-wise Insights

Why is the United States Market Booming?

“Increasing number of emergency cases and geriatric population is likely to drive this market”

The United States accounted for around 17.3% market share in the global market in 2022.

The United States is the largest contributor to the emergency hospital bed market, due to increasing per capita healthcare spending, surging geriatric population, rising prevalence of chronic disease, and technological advancements in the region.

Hospital beds and stretchers are being designed according to the patient and specialists’ needs. Technologies such as artificial intelligence (AI), provide improved diagnosis and expedite routine procedures.

Senior people frequently need urgent medical interventions, the market is benefiting from the expanding geriatric population in the U.S

Will Germany Be a Lucrative Market for Emergency Hospital Beds Market?

“Advanced technologies, and presence of strong market player”

The German market held around 6.6% market share of the global market in 2022.

Health systems may find Germany to be a useful resource when attempting to control hospital capacity. Despite reform initiatives over the past 20 years to reduce hospital capacity, Germany has the greatest proportion of intensive care beds among high-income nations and the highest overall hospital capacity in Europe.

The significant number of senior inpatients brought on by an ambulatory care system and doctors' propensity to admit and maintain elderly patients in hospital systems in Germany can be used to explain the high capacity of the country's hospital system.

How is China Emerging as a Prominent Market?

“Increasing awareness and government regulatory policies”

China held a market share of about 9.6% of the global market in 2022.

The market share for emergency hospital beds will rise as a result of the significant growth prospects offered by emerging East Asian nations like China and others.

The factors also include a growing population, a weight of chronic diseases and the hospitalizations associated with them, a rise in the population's disposable income, and several new manufacturing facilities opening up in the area because of the region's affordable labour. The maternity rate in China has also been the key factor that is propelling the acute care hospital beds and stretchers market in the country. Technological advancement is also one of the key factors which are driving the market.

China is working hard to enact universal health insurance. Increased hospital admissions due to the development of health insurance lead to more patients receiving the best possible care and diagnoses, which helps the Chinese market for hospital equipment flourish.

Category-wise Insights

Which Product is Driving Demand within the Global Market?

“Increasing elderly population and hospital emergencies”

The bed segment holds around 86.5% share of the total market in 2022.

Beds segments contribute the highest market share and will continue to do the same in the forecast period. The introduction of numerous emergency hospital bed products, including surgical beds, maternity beds, critical care beds, and bariatric beds, has had a positive impact on adoption. It also focuses on increasing brand visibility and thereby facilitating market penetration.

Hospital beds and stretchers are being built with the help of technological advances and improvements to meet the needs of patients and medical professionals.

Which End User segment of Epilepsy Monitoring Devices is Driving Demand within the Global Market?

The hospital segment holds around 73.1% share of the total market in 2022.

Hospitals are anticipated to expand in the global market due to rising hospitalization in recent years as a result of an increase in surgical operations, cardiovascular diseases, and other chronic diseases. A large number of individuals with various disorders of this nature eventually result in hospital admission.

With the increase in hospital admissions brought on by road accidents, there will be greater demand for emergency hospital beds. Since most of these accidents require emergency care, demand is rising.

Competition Landscape

Companies in the industry are placing a strong emphasis on providing a wide range of emergency hospital beds and their involvement in the development of the global market.

The big companies, like Hill-Rom Holdings Inc. and Stryker Corporation, are thought to control the majority of the market share for emergency hospital beds globally. Major market participants have recently used several strategic actions, such as product launches and facility expansions, to obtain an advantage over rivals.

Some key instances of development include:

• In 2020, NOA Medical signed an agreement with Dorian Drake International to expand the sales of hospital beds.
• In 2019, one of the largest companies in North America, Hill-Rom Holdings, Inc. acquired a mobile healthcare communication company to equip its hospital bed with real-time monitoring and advanced patient care communication.

Similarly, the team at Persistence Market Research has tracked recent developments related to companies in the emergency hospital beds market, which are available in the full report.

Emergency Hospital Beds Industry Report Scope

Key Segments Covered in Emergency Hospital Beds Industry Research

Product:

• Beds
  • Surgical Bed
  • Maternity Bed
  • Critical Care Beds
  • Bariatric Beds
• Stretcher
  • Emergency and Transport Stretchers
  • Procedural Stretchers
  • Specialty Stretchers

End User:

• Hospitals
• Ambulatory Surgical Centers
• Speciality Clinics

Region:

• North America
• Latin America
• Europe
• South Asia
• East Asia
• Oceania
• Middle East & Africa