Hospital Bed Global Market and Forecast To 2027, Key Player - Merivaara Corp.

Industryno106 Dec, 2021Business

The global hospital bed market will grow at a CAGR of 5.9% during 2021-2027 owing to the increased geriatric population, the prevalence of chronic diseases, the rising rate of hospitalization due to the COVID-19 pandemic, increased number of well-equipped, well-furnished, and advanced infrastructure hospitals, and launch of technologically developed beds will propel the growth of the hospital bed market. However, the rising popularity of minimally invasive surgeries and availing ambulatory surgical and healthcare centers by patients, and decreased funding for public hospitals mar result in less adoption of advanced beds that may hamper the growth of the hospital beds market.