Hospital Beds Market, By Type (Electric Beds, Semi-electric Beds, and Manual Beds), By Application (Acute Care, Psychiatric Care, Long-term Care, and Others), By End User (Hospitals, Home Care Settings, Elderly Care Facilities, Ambulatory Surgical Centers, and Others), By Geography (North America, Europe, Asia Pacific, Latin America, Middle East and Africa)

Published In : Apr 2024

Code : CMI993

Pages :120

Formats :

Excel and PDF

Industry : Medical Devices

Regional Analysis

Hospital Beds Market Regional Insights

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North America remains the dominant region in the global hospital beds market and is estimated to hold 43.5% of the market share in 2024 owing to the vast number of hospitals and healthcare facilities in countries like the U.S. With the highest healthcare expenditure globally, the U.S. healthcare system relies heavily on advanced medical equipment and technologies. This translates to a huge demand for hospital beds to equip the large number of patient beds required across various healthcare setups. The presence of leading global manufacturers of hospital beds also contributes to North America's prominence in this market.

Asia Pacific is emerging as the fastest growing regional market for hospital beds. Rapid growth in healthcare infrastructure to meet the demands of rising populations, increasing income levels, and growing medical tourism are the key factors propelling the market in Asia Pacific region. Countries like China, India, and Japan are witnessing massive investments in building new hospitals and upgrading existing facilities. This has boosted the procurement of hospital beds over the last few years. Additionally, lower production costs are enabling Asian manufacturers to increase exports and gain a global footprint.