Market CAGR Value – 4.2% in 2021
Market Forecast Year – 2020 to 2030
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According to a new market report published by Persistence Market Research “Global Market Study on Hospital Beds: Asia to Witness Highest Growth by 2020”, the global hospital beds market was valued at
USD 5,254.2 million in 2014 and is expected to expand at a
CAGR of 4.2% from 2014 to 2020, to reach an estimated value of
USD 6,731.8 million by 2020.
Hospital beds refer to medical equipment used to provide care to patients during their hospitalization. Special features of hospital beds, such as adjustable heights of the bed and side rails controlled by electronic buttons, make them caretaker friendly and help provide better comfort to patients. Hospital beds can be classified on the basis of usage, power, and treatment.