European Hospital Beds Market

European Hospital Beds Market Size, Share, Growth Analysis, By Product(Hospital/medical beds, and accessories), By Area of use(Critical care, long-term care), By Type of care(Long-term care, curative care), By Technology(Powered beds, and manual beds), By End-user(Hospitals, home care settings) - Industry Forecast 2024-2031


Report ID: SQMIR35B2196 | Region: Regional | Published Date: February, 2024
Pages: 157 | Tables: 144 | Figures: 70

European Hospital Beds Market Insights

European Hospital Beds Market size was valued at USD 1.81 billion in 2019, and USD 1.88 billion in 2019 and it is expected to reach a value of USD 2.58 billion by 2031, at a CAGR of 4% over the forecast period (2024-2031).

Hospital beds have a number of features that can help the patient with positioning in addition to security and convenience for quick recovery. During the forecast timeframe, the Europe hospital beds market will be motivated by an increase in the elderly population and an escalation in the incidence of chronic diseases. The growth in the number of patients admitted to hospitals is encouraging market growth. Because the seniors are more susceptible to chronic illnesses and require round-the-clock care, they have decided to utilize home care services, which are inevitably promoting European market growth. In Europe, the rising trend in cardiac problems, bone fractures, and spine fractures is positively influencing the market.

The COVID-19 pandemic had a detrimental effect on Europe's health system. However, the European hospital bed market made some money during the forecast period. The pandemic had caused a surge in hospital bed demand in European countries. As the number of COVID-19 cases increased, the government began constructing new hospitals to treat COVID-19 patients, which boosted the market. Furthermore, patients are afraid of staying in hospitals after surgery due to COVID-19, so patients began using hospital beds at home, fuelling the European hospital beds market.

European Hospital Beds Market is poised to grow at a sustainable CAGR for the next forecast year.

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European Hospital Beds Market size was valued at USD 1.81 billion in 2019, and USD 1.88 billion in 2019 and it is expected to reach a value of USD 2.58 billion by 2031, at a CAGR of 4% over the forecast period (2024-2031).

The European hospital beds market is highly competitive and somewhat fragmented. To maintain a competitive edge, the major industry participants are continually implementing various growth strategies. Innovations, mergers, and acquisitions, collaborations and partnerships are adopted by these players to thrive in the competitive market. In order to provide industries with the most effective and economical solutions, the major market players are also continually concentrating on R&D. 'Gendron Inc.', 'Invacare Corporation', 'Getinge AB', 'Hill-Rom Holding Inc.', 'Joerns Healthcare LLC.', 'Medline Industries Inc.', 'Joh. Stiegelmeyer GmBH & Co. KG', 'LINET Group SE', 'Malvestio Spa', 'Paramount Bed Holdings Co. Ltd.', 'Savion Industries', 'Span-America Medical Systems Inc.'

In accordance with the Organization for Economic Cooperation and Development (OECD) Labour Force statistics, four European countries ranked in the top five among G7 countries, with Germany ranking second, accounting for 21.4% of the population aged 65 and up. As a result, the aging population is increasing the prevalence of chronic diseases. According to the European Commission, the share of noncommunicable diseases (NCDs) in the overall disease burden in Disability Adjusted Life Year (DALYs) in Europe is anticipated to increase from 78% in 2008 to 84% in 2030. These factors will boost the market growth during the forecast period.

Increasing technological advancements is improving healthcare facilities due to increasing hospitalization cases on account of critical diseases or injuries, frequent accidental rates. The available number of key businesses is supporting the market to increase the revenue share.

An assessment of the quantity of hospital beds in direct proportion to population demonstrates that there were 538 per 100 000 inhabitants on average across the EU-27 in 2018.

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European Hospital Beds Market

Product ID: SQMIR35B2196

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