The Growing Geriatric Population and Its Impact on Healthcare

The Hospital Beds Market is projected to reach $6.66 billion by 2030, at a CAGR of 6.4% from 2023 to 2030

The global demographic landscape is shifting as the population of individuals aged 65 and above continues to rise at an unprecedented rate. This significant growth is expected to increase the burden of chronic non-communicable diseases, such as high cholesterol, diabetes, arthritis, dementia, cancer, and congestive heart failure, which are already among the leading causes of death and disability worldwide.

Increasing Prevalence of Chronic Diseases

With age, the risk of chronic diseases rises. Conditions like stroke, cancer, and heart disease are expected to have the greatest impact on the aging population, especially in developed countries. Additionally, the rising incidence of obesity and injuries further exacerbates health challenges for the elderly, contributing to an increasing demand for healthcare services.

The prevalence of chronic diseases in older adults is not only a health concern but also a socioeconomic challenge. For example, in the U.S., cardiovascular diseases are a leading cause of death and disability. According to the Centers for Disease Control and Prevention (CDC), as of September 2022, cardiovascular diseases caused $216 billion in healthcare costs and $147 billion in productivity losses due to premature deaths. This trend highlights the urgent need for comprehensive healthcare solutions that address the needs of the growing elderly population.

The Surge in the Geriatric Population

The United Nations 2022 report highlights the rapid growth of the global geriatric population. In 2022, there were approximately 771 million individuals aged 65 years or above, accounting for 10% of the world’s population. This figure is projected to rise to 994 million by 2030 and reach 1.6 billion by 2050. By that time, the number of individuals aged 65 and above will more than double the number of children under five. Moreover, the population of people aged 80 or above is expected to triple to 426 million by 2050 from 143 million in 2019.

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This demographic shift presents a growing healthcare challenge, as the elderly are more susceptible to chronic diseases and require frequent medical interventions. The rising geriatric population is expected to increase the burden on healthcare systems worldwide, leading to higher hospitalization rates and greater demand for medical resources.

Increasing Demand for Hospitals and Healthcare Facilities

The increasing burden of chronic diseases among the aging population has a direct impact on the need for healthcare infrastructure. Governments and private sector players are taking steps to increase the number of hospitals and healthcare facilities to meet the rising demand for medical services. According to the World Health Organization (WHO), the global healthcare workforce is projected to face a shortfall of 12.9 million workers by 2035, further straining healthcare systems.

Countries like India have implemented measures to boost healthcare infrastructure, including allowing 100% foreign direct investment (FDI) in sectors such as hospital construction, insurance, and medical devices. For instance, in November 2022, Ship Healthcare Holdings, Inc. (Japan) partnered with Aichi Medical Group (Bangladesh) to build a 1,000-bed hospital in Dhaka by 2026, aiming to meet the growing healthcare demands in the region.

The Role of Hospital Beds in Improving Patient Outcomes

As the demand for healthcare services grows, so does the need for hospital beds that enhance patient comfort and treatment outcomes. Ergonomically designed medical beds are essential for providing comfort and support to bedridden patients, preventing complications such as pressure ulcers, respiratory and circulation issues, and musculoskeletal disorders. For example, improper sleep posture during hospitalization can lead to conditions like osteochondritis, arthritis, and blood circulation disturbances, which can further complicate recovery.

Medical beds equipped with modern technology can help reduce these risks and improve the overall healthcare experience for patients. Hospitals that invest in advanced bed designs are better equipped to address the needs of an aging population, reduce hospital-acquired conditions, and improve treatment outcomes.

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The Future of the Global Hospital Beds Market

The growing geriatric population, coupled with the increasing prevalence of chronic diseases, is driving the demand for hospital beds and related healthcare infrastructure. According to a recent report by Meticulous Research®, the global hospital beds market is expected to grow at a compound annual growth rate (CAGR) of 6.4%, reaching a total market value of $6.66 billion by 2030.

This growth is further fueled by supportive government initiatives, private sector investments, and technological advancements in hospital bed design and manufacturing. As healthcare providers seek to enhance patient outcomes and meet the needs of the aging population, the demand for modern, ergonomic hospital beds is expected to rise significantly.

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Conclusion

The rising geriatric population and the increasing burden of chronic diseases are placing immense pressure on healthcare systems worldwide. Countries are taking steps to expand healthcare infrastructure, improve hospital bed design, and invest in technologies that enhance patient care. As the demand for healthcare services grows, the global hospital beds market is poised for substantial growth, making it an essential component of future healthcare strategies.

The healthcare industry must continue to adapt to meet the needs of an aging population, ensuring that medical resources, including hospital beds, are available to support patient care and improve outcomes.

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