Beds are among the most essential equipment required in a hospital, as patients are generally not in mobile condition to receive the treatment, and rest is often necessary for them. For the critical conditions that patients are admitted into the hospital, beds are required to be designed in such a manner that provides ideal support and comfort. With growing prevalence of several diseases, the healthcare industry is at an all-time peak and consequently, the global hospital beds market is projected for a healthy growth rate during the forecast period of 2016 to 2024.
This report on global market for hospital beds is an in-depth examination of all the factors that are expected to impact the growth rate in the near future, and presents estimations on the future state of the market until 2024. The report is a summation of interviews and discussions with a wide range of key industry participants and opinion leaders. Some of the key players have also been profiled in the report, exploring their market share, product range, regional presence, and recent strategic developments such as mergers, collaborations, acquisitions, and other announcements.
The global hospital beds can be segmented on the basis of type, treatment, power, and geography. By type, the market can be divided into general beds, pediatric beds, pressure relief beds, bariatric beds, and birthing beds. By treatment, the market can be categorized into acute care beds, long term care beds, and critical care beds. By power, the market can be segmented into electric beds, manual beds, and semi-electric beds. Geographically, the report studies the opportunities available in the regions of North America, Asia Pacific, Europe, and Rest of the World.
Rising geriatric population is one of the prominent factors of this market, as the people aged over 65 generally suffer from several diseases such as arthritis, heart disease, respiratory diseases, Alzheimer’s diseases, osteoporosis, and diabetes. According to the National Institute on Aging, global geriatric population will rise to 1.5 billion, which makes for a strong demand for hospital beds.
Increasing number of hospitalization cases and technological advancements in the field, and improving healthcare infrastructure in emerging economies are other important factors positively influencing the market. According to the report, rising demand for advanced and selective features of hospital beds is a trend that urges investment in research and development of advanced beds. Conversely, high cost of these beds is seen as the primary restraint over the growth rate of the global hospitals beds market.
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Europe is expected to remain most lucrative regional market during the forecast period, which is a reflection of increasing expenditure in Europe’s medical industry and healthcare organizations. North America forms the second most profitable region due to robust healthcare infrastructure, whereas Asia Pacific is projected for most robust growth rate, which is a result of vast population base and improving healthcare infrastructure in the emerging economies such as India, China, Japan, Australia, and South Korea.
Paramount Bed Co. Ltd., Getinge Group, LINET spol. s r.o., ArjoHuntleigh, Stryker, Hill-Rom Holdings, Inc., Invacare Corporation, and Medline Industries, Inc. are some of the key players currently operational in the global hospital beds market. Most of these companies have sub-divisional production units in order to meet the demand coming from medical establishments that are replacing their outdated hospital beds with the advanced ones.
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