SEATTLE, March 22, 2021, (MEDGADGET) — A hospital bed or hospital cot is a bed specially designed for hospitalized patients or other in need of some form of healthcare treatment. These beds have special features both for comfort and well-being of the patients and also for the convenience of healthcare workers.
Global hospital and manual hospital beds are expected to create million dollar opportunities for players between 2016 and 2023. In the last few years, the demand for hospital beds was largely driven by renovation in hospital infrastructure and rise in healthcare expenditure especially in developing regions.
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In medical and healthcare facilities, hospital beds have served a crucial purpose. Household beds can be difficult to clean and maintain hygiene for a longer period of time, hospital beds on the other hand are quite versatile and robust, they are easier to clean and maintain for a longer period of time. Hospital beds can be set to any inclination or reclined as per the patient’s condition or comfort. This is generally done manually by medical assistants or nurses, with the help of levers fixed to the beds, upon a physician or patient’s request. Moreover, many modern hospital beds have the provision of electrical assistance for movement as well as for patient monitoring. These are known as powered/electrical hospital beds and are well suited in conditions where limited assistance is available, or when patient requires a particular resting position. Some hospital beds are customized for certain patients or typical medical institution settings such as psychiatry beds, pediatric beds, outpatient beds, maternity beds, bariatric beds, terminal patient beds, ambulatory, and intensive care unit beds. Maternity beds were developed to assist obstetrician and expectant mothers offer a comfortable zone for child birth, the beds are additionally equipped with foot rest and provisions for birthing electronic devices. Bariatric beds, on the other hand are specifically designed to occupy heavily obese patients weighing more than 100kg, the locomotion systems are also equipped to assist the movement of patients. Moreover, wheel-assisted mobility in beds were a great boon in hospital setting as the need for patient transfer was eliminated. Manual beds are particularly helpful in settings where electric supply is not consistent. Whereas electronic beds are more expensive than manual beds and require periodic maintenance.
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Market Dynamics- Drivers
Growing healthcare expenditure and emergence of better healthcare facilities to drive the sales of hospital beds worldwide
Improving healthcare amenities coupled with growing expenditure on healthcare is expected to drive growth of the global powered and manual hospital beds market during the forecast period. Moreover, replacement of old and inoperative hospital beds is expected to boost the demand for latest powered hospital beds. Emerging countries such as India and China have emerged as major consumers of hospital beds, which in turn, is expected to drive growth of the global powered and manual hospital beds market during the forecast period.
Market Taxonomy:
Coherent market has segmented the market by:
- End-use
- Product Type
- Application
The global powered and manual hospital beds market is also divided in terms of rental, fresh purchase, and refurbished hospital beds. The rental hospital beds see a larger market in the residential hospital beds market. On the other hand, refurbished beds are opted by government hospitals and small scale clinics that hold a restricted budget.
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Regional Insights
Asia Pacific to hold dominant position in the global powered and manual hospital beds market
Among regions, Asia Pacific is expected to hold the dominant position in the global powered and manual hospital beds market over the forecast period. Most of these hospitals are fitted with over 250+ beds. China leads the market with hospitals over 69 thousand in count. India trails behind China with over 15 thousand hospitals. The region collectively holds a major market share of overall hospital beds market.
Moreover, Europe is expected to witness significant growth during the forecast period, owing to high healthcare expenditure and presence of robust healthcare amenities. The region is primarily driven by the U.K., Germany and France. Russia and Poland are expected to gain considerable market share in Europe.
Furthermore, North America is expected to witness high growth during the forecast period. Most of the demand in the region is primarily driven by U.S. As per the estimates, U.S. accounts above 85% of overall hospital beds market in North America.
Latin America and MEA are expected to register moderate growth over the forecast period.
Competitive Landscape
Powered and manual hospital beds market is highly fragmented market with significant presence of regional players
Major companies operating in the global powered and manual hospital beds market are Hill-Rom Holdings, Inc., Carevel Medical Systems Private Limited, Getinge AB, Invacare Corporation, Stryker Corporation Linet spol S.r.o, Paramount Bed Co. Ltd., Meditech (India) Pvt ltd, Linet Group SE, etc.
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Key Development
- Key players in the market are focused on various business strategies such as merger and acquisition to gain competitive edge in the market. For instance, in March 2019, Hill-Rom Holdings Inc. acquired Voalte, Inc. This acquisition will strengthen Hill-Rom’s connected solution including smart hospital beds.
- Key players in the market are involved in various business strategies such as geographic expansion to cater regional market. For instance, in February 2018, Paramount Bed, a Japanese manufacturer of hospital beds launched its factory in Gurugram, India.
- Key players in the market are focused on developing various business strategies such as product launches to expand their product portfolio. For instance, in May 2019, Taleb Medical, a manufacturer of hospital beds, launched new FF&E range of hospital beds such as VitalGo Total Lift ICU Bed. The unique design of this bed allows the bed to raise the user to a fully standing position and all positions in between including chair positions.
Table of Content
Global Powered and Manual Hospital Beds Market Research Report
Section 1: Global Powered and Manual Hospital Beds Industry Overview
Section 2: Global Economic Impact on Powered and Manual Hospital Beds Industry
Section 3: Global Market Competition by Industry Producers
Section 4: Global Productions, Revenue (Value), according to Regions
Section 5: Global Supplies (Production), Consumption, Export, Import, geographically
Section 6: Global Productions, Revenue (Value), Price Trend, Product Type
Section 7: Global Market Analysis, on the basis of Application
Section 8: Powered and Manual Hospital Beds Market Pricing Analysis
Section 9: Market Chain, Sourcing Strategy, and Downstream Buyers
Section 10: Strategies and key policies by Distributors/Suppliers/Traders
Section 11: Key Marketing Strategy Analysis, by Market Vendors
Section 12: Market Effect Factors Analysis
Section 13: Global Powered and Manual Hospital Beds Market Forecast
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