Hospital Beds and Supporting Equipment Market - Regional Analysis
Europe Market Insights
Europe industry is poised to account for largest revenue share by 2035, attributed to growing ongoing advancements in medical technology and rising manufacturing of hospital beds in the region. The growth of the market can be attributed majorly to the growing ongoing advancements in medical technology and the rising manufacturing of hospital beds in the region are further estimated to propel the growth of the market over the forecast period. For instance, more than 2 million hospital beds were available across Europe in 2018. Moreover, geriatric population with a significant number of chronic diseases and mobility issues are also projected to expand the market size in the region over the forecast period. In 2019, approximately 90 million people in Europe were observed to be aged 65 or above. All these factors are anticipated to foster the growth of the market over the forecast period.
APAC Market Insights
Furthermore, the global hospital beds market is also projected to witness notable growth at a rapid pace in Asia Pacific over the forecast period. Surge in road accidents resulting in serious physical injuries coupled with boom in the geriatric population are the major factors expected to drive the market growth exponentially in the region during the forecasted timeframe. For instance, it was estimated the in Asia Pacific, the number of geriatrics will nearly 1 billion by 2050.
