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In a Healthcare Crisis of this Magnitude, the World Scrambles to Add Hospital Beds. Market to Reach $5.2 Billion by the Year 2027
With the global contagion exerting immense pressure on healthcare systems, hospital beds have become the most coveted commodity along with ventilators and personal protective equipment like face masks, protective gowns & gloves. As the second wave of daily infections continue to rise and create demand for isolation wards and ICU care, a massive upward revision of demand for hospital beds is inevitable. Against this backdrop, the global market is projected to reach US$5.2 billion by the year 2027, trailing a post COVID-19 CAGR of 3.8% over the analysis period 2020 through 2027.