European Hospital Beds Market Size, Share, Growth Analysis, By Product(Hospital/medical beds, and accessories), By Area of use(Critical care, long-term care, med-surg, homecare), By Type of care(Long-term care, curative care, rehabilitative care), By Technology(Powered beds, and manual beds), By End-user(Hospitals, home care settings, elderly care settings), By Region - Industry Forecast 2024-2031

European Hospital Beds Market Drivers

Rising Statistics of Chronic Illness to Boost Demand for Hospital Beds in Europe

• In accordance with the Organization for Economic Cooperation and Development (OECD) Labour Force statistics, four European countries ranked in the top five among G7 countries, with Germany ranking second, accounting for 21.4% of the population aged 65 and up. As a result, the aging population is increasing the prevalence of chronic diseases. According to the European Commission, the share of noncommunicable diseases (NCDs) in the overall disease burden in Disability Adjusted Life Year (DALYs) in Europe is anticipated to increase from 78% in 2008 to 84% in 2030. These factors will boost the market growth during the forecast period.

European Hospital Beds Market Restraints

High Cost and Low Access to Hinder Market Growth

• The increased cost of hospital beds is stifling growth in the economy. The shifting consumer preferences for surgeries that are minimally-invasive in European countries is negatively affecting the European hospital bed market. Furthermore, in certain European countries, an absence of adequate infrastructure and a low level of awareness regarding hospital beds are restricting the European hospital beds market during the anticipated period.