A Comprehensive Look at Powered and Manual Hospital Bed Market
The Powered and Manual Hospital Beds Market is estimated for 2023 for the forecast period 2023-2030, as highlighted in a new report published by Coherent Market Insights.
Powered and manual hospital beds are designed to provide comfort and support for patients in hospitals and other healthcare facilities. They help in the easy mobilization and positioning of patients and support different levels of beds like electric, manual, and semi-electric beds.
Market Dynamics:
The global powered and manual hospital beds market is expected to witness significant growth over the forecast period owing to rapidly growing geriatric population globally who are more prone to chronic diseases and may require longer hospital stays. According to the United Nations Population Fund (UNFPA), the number of people aged 65 years or older is expected to grow from 703 million in 2019 to 1.5 billion in 2050 worldwide. Secondly, advancements in technology have allowed incorporation of features like adjustable heights, remote control operation, and bedsores prevention in newer hospital beds which is further augmenting their demand across healthcare facilities.
Market Drivers: Growing rate of aging population and chronic diseases:
As the population ages globally, there is a growing prevalence of chronic diseases that require hospitalization and long term care. Elderly patients often require beds that can adjust positions easily to allow for mobility and care needs. Powered and manual hospital beds have become essential medical equipment to meet these needs comfortably and effectively.
Increasing healthcare expenditure and healthcare infrastructure development:
With overall economic growth in many developing nations, greater focus is being placed on developing modern healthcare infrastructure and improving access to quality healthcare. Both public and private healthcare sectors are investing heavily in advanced medical technologies and equipment. This rising demand and funding is positively impacting the global powered and manual hospital beds market.
Market Restrain: High costs associated with powered beds:
While powered hospital beds offer various adjustable features and automation, they also involve higher purchase costs compared to basic manual beds. The costs of powered beds can range from a few thousand dollars up to over $10,000 depending on the features. This high initial investment deters some budget-constrained healthcare facilities, especially in underdeveloped areas, from opting for powered beds.
Market Opportunity: Emergence of multi-specialty and super-specialty hospitals:
Urbanization is driving the rise of large multi-specialty and super-specialty private hospitals catering to a wide range of medical needs beyond general care. These advanced facilities are well-invested in state-of-the-art medical technologies including Intensive Care Unit beds, surgery beds and powered hospital beds for patient recovery rooms. This growing hospital sector presents lucrative opportunities for bed manufacturers to expand product offerings.
Market Trend: Integration ofsmart features in hospital beds:
Technology advancements are enabling greater integration of smart features and IoT (Internet of Things) capabilities in hospital beds. Beds are being developed with embedded sensors, automatic fall detection alerts, built-in scales, assist rails that can glide across and more. This trend allows remote monitoring of patients, improves safety, aids in record maintenance and enables more efficient care processes. Many players are focusing on launching smart hospital beds with innovative functionalities.
