As per the latest research, hospital bed market is expected to upsurge globally to $4.6 billion by 2023. The market is catapulted by the increasing prevalence of diseases, growing healthcare expenditure, rising ageing population and mounting demand of technologically advanced hospital beds.

Today, the number of beds is more in a hospital as compared to doctors and nurses. The demand for beds is also increasing due to the increase in the number of hospitals and the expansion of existing ones. A large number of hospitals have become multi-speciality. Whether you have a sore throat, heart surgery or hip replacement, all can be taken care of under one roof. Looking after patients with different ailments has led to an increase in inpatient care at the hospital. This has led to a steady increase in the requirement of hospital beds. The growth rate is expected to be substantial.

Governments around the globe have launched various healthcare schemes for poor people, like Ayushman Bharat Health scheme in India or Obama care in the US. This has brought accessibility to hospitals for a large part of a population. Hospitals, whether private or government are taking more patients for IPD. This can be attributed as one of the main reason for gigantic growth observed for a demand of hospital beds. There is a vast scope for steel manufacture units to take up this activity for better capacity utilisation.

The hospital bed manufacturer in India has made more active and efficient piece of equipment to save time and resources. The manufacturers have made hospital beds that can reduce the number of time-consuming routine tasks for the nursing staffs. These beds are categorized into wide range i.e. general, paediatric, birthing, ICU bed, etc. As per the forecast, demand for general beds is expected to be exponential due to their low cost as compared to other beds.

In the tech-savvy world, ICU bed manufacturers have facilitated adjustable electric beds at the most affordable prices. With the help of adjustable ICU beds treatment becomes easy, safe and comfortable. The adjustable hospital beds are extensively used in hospitals for comfort and easy functionality. They are available in a variety of sizes to meet the needs of patient’s.

A hospital bed market dynamics is determined by the following factors:
• Trend: Due to the prevalence of chronic diseases and a growing ageing population, preference for home healthcare services is increasing. As a home healthcare service is growing prominently, the need for a hospital bed is also increasing.
• Growth drivers: Growing healthcare expenditure and technological advancements in the medical industry is the major factor for the growth of hospital bed manufacturers. As the elderly population requires extensive care because they are prone to illnesses which demand better diagnosis and therapies. This often leads to hospitalization, thereby fuelling the demand for hospital beds.

The tremendous improvement in healthcare infrastructure is also promoting medical tourism in emerging economies, thereby increasing the demand for hospital beds. The advanced feature offered by hospital bed manufacturers in India which includes AC-powered, adjustability, powered rotation beds supports the growth of hospital bed industry. Many key players in hospital bed manufacturing are spending millions on R&D, so as to provide more comfort to patients at an affordable price.
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