According to our latest study on "Hospital Bed Market Forecast to 2028 – COVID-19 Impact and Global Analysis – by Type, Usage, Application, and End User," the market is expected to grow from US$ 3,214.96 million in 2021 to US$ 4,688.96 million by 2028; it is expected to grow at a CAGR of 5.7% from 2022 to 2028. The report highlights the key factors driving the market growth and prominent players with their developments in the global hospital bed market.

Hospital beds are a critical component of healthcare facilities, regardless of the region or country. A wide range of hospital beds is available globally, allowing good infection control, offering enhanced ergonomics, comfort, safety, and easy use, and promoting effective risk management. Several factors, such as the rise in the elderly population associated with an increased risk of developing chronic diseases, increase the hospitalization rate.

The growth of the market is defined by the key driving factors such as rising prevalence of chronic diseases and growing prevalence for highly equipped hospital beds with innovative features.  Additionally, increasing popularity of smart hospital beds are likely to emerge as a significant future trend in the market during the forecast period. However, bedsores or pressure sores associated with hospital beds are likely to hinder the growth of the market during the forecast period.

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Market leaders operating in the hospital bed market have undertaken various organic and inorganic growth strategies. The hospital bed market majorly consists of players such as GF Health Products, Inc., Invacare Corporation, Malvestio SpA, Stryker Corporation, Paramount Bed Holdings Co., Ltd., Span America (Savaria Corporation), STIEGELMEYER GMBH AND CO. KG, Hill Rom Holding Inc. (Baxter), Savion Industries, and Arjo Medical Devices and others.

The COVID-19 pandemic has demonstrated the criticality of health in social and economic growth, reinforcing the need for greater health investments to secure people's well-being and build long-term health globally. In addition, the construction of several new hospitals triggered the development of new hospital beds. In 2020, the new Hospital Solidario COVID Austral, located on the Universidad Austral campus, was inaugurated for treating critically ill COVID-19 patients. Its 20 intensive care beds and 40 beds for intermediate care reinforced the 185-bed capacity of the Pilar public health system. In 2020, the government of Argentina initiated the construction of 12 modular hospitals to expand the capacity of its healthcare system amid the COVID-19 crisis.  

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