What is the global market size of the European Hospital Beds Market?

European Hospital Beds Market size was valued at USD 1.81 billion in 2021, and USD 1.88 billion in 2022 and it is expected to reach a value of USD 2.58 billion by 2030, at a CAGR of 4% over the forecast period (2023–2030).

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

Report ID: SQMIR35B2196 | Region: Regional | Published Date: February, 2024
Pages: 157 | Tables: 144 | Figures: 70

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European Hospital Beds Market was valued at USD 2.12 billion in 2022, and is poised to grow from USD 2.20 billion in 2023, to USD 3.017 Billion by 2031 at a CAGR of 4% during the forecast period (2024-2031).

The European hospital beds market is highly competitive and somewhat fragmented. To maintain a competitive edge, the major industry participants are continually implementing various growth strategies. Innovations, mergers, and acquisitions, collaborations and partnerships are adopted by these players to thrive in the competitive market. In order to provide industries with the most effective and economical solutions, the major market players are also continually concentrating on R&D. 'Gendron Inc.', 'Invacare Corporation', 'Getinge AB', 'Hill-Rom Holding Inc.', 'Joerns Healthcare LLC.', 'Medline Industries Inc.', 'Joh. Stiegelmeyer GmBH & Co. KG', 'LINET Group SE', 'Malvestio Spa', 'Paramount Bed Holdings Co. Ltd.', 'Savion Industries', 'Span-America Medical Systems Inc.'

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.

Increasing technological advancements is improving healthcare facilities due to increasing hospitalization cases on account of critical diseases or injuries, frequent accidental rates. The available number of key businesses is supporting the market to increase the revenue share.

An assessment of the quantity of hospital beds in direct proportion to population demonstrates that there were 538 per 100 000 inhabitants on average across the EU-27 in 2018.

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