What are Major Factors Driving Growth of Hospital Bed Market?

 “Noncommunicable diseases (NCDs) kill 41 million people each year, equivalent to 71% of all deaths globally.”, says the World Health Organization (WHO). A lot of such diseases, especially cancer, chronic obstructive pulmonary disease (COPD), neurological disorders, and many cardiovascular diseases (CVDs), cannot be cured by medication. The proper management and treatment of such issues often require long-term hospitalization; therefore, their increasing prevalence is leading to the rising footfall at medical centers.

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This is leading to the growing number of hospital beds available, which are themselves undergoing technological advancements. Evolving from simple beds with almost no electronic features, the hospital beds of today have a comprehensive control panel that enables patients to change their height and the angle of the footrests and headrests. This also helps doctors, as many medical procedures mandate a certain posture. Moreover, the controls on the bed allow people to sound an alarm if the condition of the patient suddenly deteriorates, for instance, they start to seize or go into anaphylactic shock. 

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The technological advancements have resulted in the availability of numerous kinds of hospital beds, including pediatric, bariatric, birthing, VIP, pressure-relief, perinatal beds for babies, and psychiatric beds. Among these, general beds are the most common in hospitals, as they are cost-effective, which is why they are widely used in clinics, homecare and elderly care settings, nursing homes, and diagnostic centers too. Among these, hospitals are the largest end users of beds, as these places witness the highest patient footfall, owing to the advanced equipment, trained staff, and comprehensive services they offer.

Therefore, as the disease incidence grows and governments do more than ever to increase the accessibility to holistic medical care, the demand for hospital beds will shoot up.