Europe Hospital Beds Market

Europe Hospital Beds Market Size (2023 to 2028)

The European Hospital beds market size was valued at USD 2.1 billion by 2028, registering a CAGR of 4.6% between 2023 to 2028.

The growing prevalence of chronic diseases such as cardiovascular disease, cancer, arthritis, and road accidents across the European region majorly drives the demand for hospital beds in the healthcare sector and propels the European hospital beds market. In the EU, more than 35% of the population is affected by at least one chronic disease, necessitating medical attention and hospitalization. The high number of road accidents across Europe further contributes to the rising demand for critical care and treatment hospital beds fueling the growth rate of the European market. Hospitals, clinics, and diagnostic centers prioritize patient safety, care, and convenience, increasing the adoption of various beds to cater to different treatment requirements. Hospital beds used in the operating room, ICU, ventilator room, and post-surgery are crucial in providing appropriate care during treatment procedures.

The rising geriatric population in Europe further contributes to the growing demand for hospital beds and supports regional market growth. Older individuals are more susceptible to serious health issues due to reduced bone strength and weakened immune systems, necessitating beds that provide them safety and comfort during treatment procedures. Furthermore, the healthcare sector's increased investment in bed setups contributes to market growth. With a growing patient population, hospital management is prioritizing allocating resources, including beds, to meet the rising demand for medical services.

The continuous advancements in developing advanced hospital beds incorporating novel technologies and raw materials contribute to the market's growth rate in the European region. Manufacturers are addressing issues faced during surgical procedures by healthcare providers, producing beds with adjustable features and mobility options for seamless patient movement. Advanced functionalities, such as alarms for patient positioning and semi-electric beds, further contribute to market expansion. With increasing investments in research and development, strong support from public and private organizations, and the presence of key industry players, the market is poised for continued growth.

The high cost associated with some models is one of the major factors hindering the European market growth. Using low-quality materials and a lack of waterproof technology in bed manufacturing, along with challenges related to skilled professionals and awareness about novel hospital bed options further impede the market growth in Europe.

COVID-19 Impact on Europe Hospital Beds Market:

The COVID-19 pandemic had adversely impacted the healthcare system in Europe. But the Europe Hospital Beds Market had seen some profits during the forecast period. The pandemic had led to a surge in demand for hospital beds in European countries. Due to increasing COVID 19 cases, the government had started building new hospitals to treat COVID 19 patients, which boosted the market. Moreover, the patients are scared of staying in hospitals after the surgery due to COVID 19, so patients started using the hospital's beds at home, which fueled the Europe Hospital Beds Market.

This research report on the European Hospital Beds Market has been segmented and sub-segmented into the following categories.

By Usage:

• Acute care beds
• Long term care beds
• Psychiatric care beds
• Others (maternity, etc.)

By Power:

• Electric Bed
• Semi-Electric Bed
• Manual Bed

By End-User:

• Hospitals
• Clinics
• Ambulatory services
• Others

By Country:

• UK
• France
• Spain
• Germany
• Italy
• Russia
• Sweden
• Denmark
• Switzerland
• Netherlands
• Turkey
• Czech Republic
• Rest of Europe

The Europe region accounted for the second largest share of the global market in 2022 and is expected to hold a substantial share of the global market during the forecast period owing to factors such as the widespread adoption of advanced medical devices and products in the healthcare sector, coupled with increased healthcare expenditure by the population. Germany led the market in the European region in 2022 and is expected to register a healthy CAGR during the forecast period. The presence of manufacturing facilities that focus on developing beds with high-quality mattresses that ensure patient comfort drives the German market growth. These facilities also incorporate sensor technology into the bed manufacturing process. The strategic advertisements conducted by key players and healthcare organizations that promote the availability of advanced hospital beds further propel the growth of the German market.

The UK hospital beds market is expected to hold a considerable share of the European market during the forecast period owing to the surge in patient population during the COVID-19 pandemic. To address the shortage of beds amid the increase in COVID-19 cases, hospitals in the UK have expanded their bed capacities to accommodate more patients.

KEY MARKET PLAYERS:

Companies playing a promising role in the European hospital beds market analyzed in this report are Invacare Corporation, Paramount Bed Holdings Co. Ltd., Gendron Inc., Medline Industries Inc., LINET spol. S r.o., Savaria Corporation, Savion Industries, Hill-Rom Holdings Inc., Stryker Corporation, and Getinge Group.