Europe Hospital Bed Market Financial Overview and Growth Prospects Predicted 2028
The Europe hospital bed market is expected to grow from US$ 1,219.37 million in 2022 to US$ 1,711.77 million by 2028; it is estimated to grow at a CAGR of 5.8% from 2022 to 2028.
Europe Hospital Bed Market Segmentation
The Europe hospital bed market is segmented on the basis of type, usage, application, end user, and country. Based on type, the market is segmented into semi-electric bed, electric bed, and manual bed. The
semi-electric bed segment held the largest market share in 2022.
Based on usage, the market is segmented into acute care bed, long-term care bed, psychiatric care bed, and others. The acute care bed segment held the largest market share in 2022. Based on application, the market is bifurcated into non-intensive care bed and intensive care bed. The non-intensive care bed segment held a larger market share in 2022. Based on end user, the market is categorized into hospitals & clinics, elderly care facilities, ambulatory surgical centers, and home care settings. The hospitals & clinics segment held the largest market share in 2022. Based on country, the market is segmented into the Germany, Italy, France, UK, Spain, and Rest of Europe. Germany dominated the market in 2022. Hill Rom Holding inc. (Baxter); Stryker Corporation; Arjo Medical Devices; Invacare Corporation; Malvestio Spa;
Savion Industries; and STIEGELMEYER GMBH & CO.KG are among the leading companies operating in the Europe hospital bed market.
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Europe Hospital Bed Market: By Type
Europe Hospital Bed Market: By Usage
Europe Hospital Bed Market: By Application
Europe Hospital Bed Market: By End User
Europe Hospital Bed Market Overview
Distinct regional trends shape the European hospital bed market. Germany and the United Kingdom currently represent the largest markets, a factor often linked to their higher burden of chronic diseases. Conversely, France and Italy are expected to demonstrate the most significant market expansion, supported by their well-established healthcare infrastructure and, in the case of Italy, increased public expenditure on healthcare. Notably, Germany holds the distinction of having the highest capacity for intensive care beds and total hospital beds throughout Europe.
Growing Popularity of Smart Hospital Bed
With the IEEE emphasizing the indispensable nature of continuous patient monitoring in hospitals for improved patient well-being and cost savings, smart hospital beds are rapidly gaining traction as a key
technological advancement. These beds provide features like uninterrupted vital sign assessment, fall prevention systems, and pressure mapping to lessen the occurrence of problems related to poor blood flow, such as falls and pressure ulcers. Recent industry events clearly demonstrate this growing popularity,
exemplified by the significant US$10.5 billion alliance between Baxter and Hillrom, Inc. in September 2021, committed to the development of smart bed technology, and Stryker's release of the "ProCuity" wireless bed in October 2020, intended to elevate patient safety and enhance nursing efficiency.
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