What are Reasons behind Growth of Hospital Bed Market?

WASHINGTON - Jan. 14, 2021 - PRLog -- The high prevalence of various chronic diseases such as chronic obstructive pulmonary disease (COPD), cancer, cardiovascular diseases, viral diseases, and hepatitis has massively augmented the number of hospitalizations all over the world. This is because it is not possible to cure many diseases by only medications and thus, the people diagnosed with such diseases require hospitalization. As per the World Health Organization (WHO), "non-communicable diseases were the leading cause of mortality, comprising 71% of all deaths in 2016."

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The PressureGuard Custom Care Convertible mattress, developed by Span-America Medical Systems Inc. and the Hill-Rom AccuMax Quantum VPC pressure redistribution mattress, developed by Hill-Rom Holdings are some of the biggest examples of technologically advanced and innovative hospital beds. The soaring geriatric population is another major factor fueling the surge in the demand for hospital beds. This is because older people are highly vulnerable to various potentially fatal diseases that can only be treated in hospitals.

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According to the forecast of P&S Intelligence, a market research firm based in India, the sales of the manually powered beds will rise at a much faster rate than that of the semi-electric and electric variants. The main factor responsible for the growing popularity of manual beds is the greater cost-effectiveness associated with the maintenance of these beds than the semi-electric and electric ones. Globally, the European hospital bed market is predicted to register lucrative growth in the coming years.

Apart from Europe, the sales of hospital beds (https://www.psmarketresearch.com/market-analysis/hospital...) will also rise tremendously in North America in the future years, mainly because of the existence of several well-established hospital bed manufacturing companies, rapid advancements and innovations in technologies, soaring geriatric population, rising number of hospitals, and the increasing incidence of chronic diseases in the regional countries. The demand for hospital beds will also grow massively in the Asia-Pacific (APAC) region in the forthcoming years.