A recent report on Hospital Beds Market provides a detailed analysis of the industry size, revenue forecasts and geographical landscape pertaining to this business space. Additionally, the report highlights primary obstacles and the latest growth trends accepted by key players that form a part of the competitive spectrum of this business.
Hospital Beds Market Size
Hospital Beds Market is valued at 6.92 USD Billion in 2018 and expected to reach 9.38 USD Billion by 2025 with the CAGR of 5.2% over the forecast period.
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Scope of Hospital Beds Market
Hospital bed is a special bed that can be adjusted as needed to specifically increase the ends of head, foot, or middle position as per convenience. It’s a bed with side rails which can be raised or lowered, and the base of the mattress is divided into three connecting parts, so that the head, feet or the middle can be lifted by a crank or a motor, allowing the patient to lie down in various postures such as treatment aid or comfort.
Hospital beds offer patients better positioning as they allow users to adjust the position of the bed, which allows them to transfer thepressure that the bed places from one part of the body to another part of the body, preventing the risk of bedsores. Hospital Bed allows easy transferring of patients as well as convenience in lifting the patients higher or lower while getting in and out of the bed. For anyone with reduced mobility, a hospital bed is one of the most efficient beds. In addition, they are not only used in hospitals. They can be used at home if a family member gets sick or needs a bed for someone who is having lifelong medical issues.
Global Hospital Beds market is segmented on the basis of type, care, end user, and applications. Based on thetype,the market is segmented into electric, semi-electric and manual.Based oncare,the market is segmented into curative care, long-term care, and rehabilitative care.Based on application,the market is segmented into intensive care beds and non-intensive care beds. Based on end user, the market is segmented into hospitals, clinics, home care settings, elderly care facilities and others.
The regions covered in this Hospital Bedsmarketreport are North America, Europe, Asia-Pacific and Rest of the World. Based on the country level, market of Hospital Bedsmarketis sub divided into U.S., Mexico, Canada, UK, France, Germany, Italy, China, Japan, India, South East Asia, GCC, Africa, etc.
Hospital Beds Companies 2020
- Getinge Group,
- Paramount Bed Co. Ltd.,
- Joerns Healthcare LLC.,
- Stryker Corporation,
- Hill-Rom Holdings, Inc.,
- Medline Industries, Inc.,
- Invacare Corporation,
- Span-America Medical Systems, Inc.
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Hospital Beds News
Paramount Bed launches India factory to cater to healthcare market
On February 14th, 2018; Paramount Bed, a Japanese manufacturer of hospital beds, recently opened a factory in Gurugram, Haryana, to meet the needs of the Indian market. Almost all products are made from parts made in India and neighboring countries. Paramount beds, which guarantee product quality, have introduced health care products that provide relief and comfort to patients. In this assembly line, the work is done manually. Many site slogans display phrases similar to those used in Japan to encourage workers to maintain the highest quality. The final product is verified by a strict checklist established by the company. The major policy of the company is to make “quality Japanese products”.
Global Hospital Beds Market Dynamics-
Some of the important factors that are driving the growth of the global hospital beds market are increasing investments in healthcare infrastructural development, technological innovations in ICU beds and increasing volume of chronic care patients. Because older adults are prone to developing chronic illnesses and require intensive home care, people have started preferring for home care facilities significantly. Household health facilities help maintain, promote and restore personal health. As per National Health Council, chronic diseases affect around 133 million Americans, which represents more than 40% of the country’s total population. By 2020, this number should reach 157 million, including 81 million under several conditions.
Increase in the rate of hospitalization due to recent outbreak of COVID-19 pandemics is another major reason driving the hospital bed market. However, the decreasing number of beds in public hospitals andrisingprice of hospital beds are the major challenges for the growth of hospital bed market.The development of smart or robotic hospital beds, risingneed for home care beds, the growth of emerging economies and the medical tourism industry are major opportunities in this market.
Asia pacificis expectedto Witness a Fastest Growth inthe Global Hospital Beds Market
Europehas been the market leaderso far and is expected to remain dominant in future in the global hospital bedsmarket majorly due to increasing per capita spending in healthcare, escalating geriatric population, surging prevalence of chronic diseases, and growth in technological advancements.According to data from the European Federation of Hospitals and Health Care, in 2014 there were on an average 2.9 hospitals in Europe with a capacity of 100,000 residents ranging from 1.40 in Slovenia to 9.80 in Cyprus. In addition, there are on an average 521 beds available per 100,000 inhabitants, ranging from 254 in Sweden to 826 in Germany. Moreover, there has been increase in chronic diseases and diabetic patients in this region. As per IDF, there were around 58 million patients in Europe with diabetes andit is expected to rise up to 66.7 million by year 2045.The Asia Pacific hospital bed market is expected to grow the fastest due to improved medical infrastructure in the region and growing medical tourism. Countries like India, China and Japan have become attractive markets due to the development of healthcare infrastructure, the increase in the number of contract manufacturing organizations (CMOs) and the increase in number of obese people needing medical care.
Key Benefits for Global Hospital Beds Market Report–
Global market report covers in depth historical and forecast analysis.
Global market research report provides detail information about Market Introduction, Market Summary, Global market Revenue (Revenue USD), Market Drivers, Market Restraints, Market opportunities, Competitive Analysis, Regional and Country Level.
Global market report helps to identify opportunities in market place.
Global market report covers extensive analysis of emerging trends and competitive landscape.
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Global Hospital Beds Market Segmentation:–
Intensive Care Beds
Non-intensive Care Beds
By end user:
Home Care Settings
Elderly Care Facilities
By Regional & Country Analysis: (North America, U.S., Canada, Europe, U.K., France, Germany, Italy, Asia Pacific, China, Japan, India, Southeast Asia, Latin America, Brazil, Mexico, Middle East and Africa, GCC, Africa, Rest of Middle East and Africa)
Table of Content
1 Study Coverage
1.1 Hospital Beds Product
1.2 Key Market Segments in This Study
1.3 Key Manufacturers Covered
1.4 Market by Type
1.5 Market by Application
1.6 Study Objectives
1.7 Years Considered
2 Executive Summary
2.1 Global Hospital Beds Market Size
2.2 Hospital Beds Growth Rate (CAGR) 2020-2025
2.3 Analysis of Competitive Landscape
2.4 Key Trends for Hospital Beds Markets & Products
3 Market Size by Manufacturers
3.1 Hospital Beds Production by Manufacturers
3.2 Hospital Beds Revenue by Manufacturers
3.3 Hospital Beds Price by Manufacturers
3.4 Mergers & Acquisitions, Expansion Plans
4 Hospital Beds Production by Regions
4.1 Global Hospital Beds Production by Regions
4.2 North America
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