Europe Hospital Beds Market: Technological Advancements and Regional Outlook
Meticulous Research®, a leading global market research firm, has published a report titled “Europe Hospital Beds Market by Product (Beds, Accessories), Technology (Manual, Powered), Type of Care (Rehabilitative, Curative, Long Term), Healthcare Facility (Pediatric, Maternal, Bariatric, Critical, Homecare, Med Surg) - Forecast to 2030.”
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According to the latest report from Meticulous Research®, the Europe hospital beds market is expected to reach $2.09 billion by 2030, growing at a compound annual growth rate (CAGR) of 4.8% from 2023 to 2030. Key factors driving this growth include an aging population, the increasing prevalence of chronic diseases, a rise in hospital numbers, and advancements in medical bed technologies.
The market is also expected to benefit from the introduction of smart and robotic beds, increased demand for beds in homecare environments, and the growing medical tourism sector, which presents new growth opportunities.
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Europe Hospital Beds Market: Future Outlook
The Europe hospital beds market is segmented by Product (Beds, Accessories), Technology (Powered Beds [Electric, Semi-electric], Manual, Smart Beds), Type of Care (Curative Care, Long-term Care, Rehabilitative Care), Healthcare Facility (Critical Care Unit, Long-term Care Unit, Bariatric Care Unit, Med-Surg Care Unit, Pediatric Care Unit, Maternal Care Unit, Home Care Facility), and Geography. The report also evaluates key industry players and analyzes their market share across different countries.
Product Segment: The market is divided into beds and accessories, with the beds segment expected to hold the largest market share in 2023. This is largely due to the high incidence of acute and chronic diseases, outbreaks of infectious diseases like COVID-19 and Ebola, and the expansion of hospitals. Technological innovations in medical beds further boost the adoption of advanced medical beds.
Technology Segment: The market is categorized into powered, manual, and smart beds, with powered beds expected to lead the market in 2023. Powered beds offer benefits like improved comfort, better sleep quality, and greater independence for the elderly, making them particularly popular in healthcare facilities.
Type of Care: The market is segmented into curative care, long-term care, and rehabilitative care, with curative care projected to dominate the market in 2023. This is primarily due to the widespread use of medical beds for the treatment of acute and chronic illnesses. However, the long-term care segment is anticipated to experience the highest CAGR during the forecast period, driven by the aging population that requires long-term care for chronic conditions.
Healthcare Facility Segment: This market is further segmented into critical care units, bariatric care units, long-term care units, home care facilities, med-surg care units, pediatric care units, and maternal care units. The home care facilities segment is expected to experience the highest growth during the forecast period. The rising number of elderly individuals who prefer long-term care at home, combined with the affordability and convenience of homecare, will continue to drive growth in this area.
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Geographic Overview
This report provides an in-depth analysis of the hospital beds market in Europe, covering Germany, France, the U.K., Italy, Spain, Switzerland, Malta, Turkey, the Netherlands, Hungary, and the rest of Europe. Germany is expected to account for the largest share of the market in 2023. This is largely due to Germany’s strong healthcare infrastructure, government initiatives aimed at increasing hospital bed capacity, and efforts to enhance care for the aging population, both in hospitals and homecare settings.
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Key Players
Key companies operating in the Europe hospital beds market include Stryker Corporation (U.S.), Hill-Rom Holding, Inc. (part of Baxter International Inc.) (U.S.), Invacare Corporation (U.S.), Getinge AB (Sweden), Paramount Bed Holdings Co., Ltd. (Japan), Medline Industries, LP (U.S.), Stiegelmeyer GmbH & Co. KG (Germany), LINET Group SE (Czech Republic), Joerns Healthcare LLC (U.S.), Drive DeVilbiss Healthcare (U.S.), Savaria Corporation (Canada), Midmark Corporation (U.S.), Amico Corporation (U.S.), Famed Zywiec Sp. z o.o. (Poland), and Malvestio Spa (a subsidiary of Malvestio Group) (Italy).
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