The global hospital beds market was valued at $5,239.1 million in 2014, and it is expected to grow with a CAGR of 4.5% during the period 2015 - 2020. The global market is increasing, due to growing geriatric population and increasing healthcare expenditure. In addition, the lifestyle changes are leading to chronic illness, due to the increased usage of caffeine, tobacco and alcohol. This has generated the demand for hospitalization thus, encouraging the growth of the global market.
Based on types, the general beds market segment is expected to witness fastest growth during the forecast period. Among the hospital beds by treatment segment, acute care beds had the largest market size in the global market during 2014; however the critical care beds segment is expected to witness fastest growth, with 5.0% CAGR during the period 2015 - 2020.