The global Hospital Beds Market is all set to witness a CAGR of 4.2% in the next decade. It is expected to reach US$ 6.73 Bn by the year 2022. With digitized communication channels making a beeline to the healthcare vertical, the advanced clinics are into virtual consultation mode, and this scenario is expected to continue even going forward. Regulatory approvals for this type of communication are on the way. Close to 70% of the public hospitals worldwide are being asked to adopt digital means. This would be the scene with the healthcare vertical in the subsequent period.
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Persistence Market Research has devised a report on the global market for hospital beds for a forecast period of 2016 to 2022. The report signifies the need for hospital beds in the global healthcare sector, and how manufacturers continue to produce them with additional facilities.
Hospital beds can be considered as the sole mode of comfort for ailing patients during hospitalization. Adjustable heights, side rails and reclining facilities in hospital beds make sure that any patient feels comfortable during operation or surgery and while recuperating.
Furthermore, the growing population of aging patients is escalating the demand for affordable and durable hospital beds. Advancements in the design of hospital beds continue to influence the market as patients opt for ones which do not implicate their comfort through bed sores, mechanical jerks, and uncontrollable mobility. Unfortunately, developing economies in several regions are unable to cope with the high costs of advanced hospital beds, impeding the overall expansion of the global hospital beds market.
Some of the major players in the hospital beds market:
- Hill-Rom Holdings, Inc.
- Stryker, Paramount Bed Co. Ltd.
- Invacare Corporation.
- Medline Industries, Inc.
- LINET spol. s r.o.
The report includes regional analysis of the global hospital beds market, which includes key regions such as Europe, North America, Asia and the Rest of the World (RoW). North America includes the U.S. and Rest of North America, while Europe includes the U.K., Germany, France, and Russia, and other EU countries. Asia is further segmented into China, Japan, India, Southeast Asian countries, and more. Europe is projected to dominate the global market owing to rampant expansion of hospital beds market in Russia. Pervasiveness of chronic diseases and soaring healthcare expenditure make Russia the largest market in Europe region. Asia, in parallel to Europe, is also a lucrative region and is expected to record adoption of hospital beds at high growth rate over the forecast period, particularly due to the region’s evolving healthcare infrastructure.
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This report provides in-depth analysis and estimation of the hospital beds market for the period 2014 – 2020, considering 2013 as the base year for calculation. Furthermore, data pertaining to current market dynamics, including market drivers, restraints, and strategic developments, has been provided in the report. The hospital beds market is categorized on the basis of usage, power, treatment, and geography. Based on usage, the hospital beds market is segmented into general purpose, birthing, pediatric, bariatric, and pressure relief beds. In terms of power, the market comprises electric, semi-electric, and manual beds.
The report offers market value estimation for the global hospital beds market during the forecast period 2014-2020, with 2013 as the base year for the purpose of calculation. The report not only includes the market drivers, inhibitors, trends and growth opportunities, coupled with regional analysis and company profiling, but also illustrates the key segmentation in the global hospital beds market. On the basis of power, the market is classified into electric, manual and semi-electric beds. On the basis of usage, bariatric, birthing, pediatric, pressure relief and general purpose beds are the key segments. In terms of treatment, the global hospital beds market is classified into critical care, long-term care and acute care beds.
To deduce the global hospital beds market size, the report considers various aspects based on secondary research. Furthermore, key data points such as region-wise split and market split by treatment, power, and usage; and qualitative inputs from primary respondents have been incorporated to arrive at appropriate market estimates. The forecast presented in the report assesses the total revenue generated and expected revenue contribution in the global hospital beds market.
The report begins with sizing the market in terms of value and volume for the base year, which forms the basis for forecasting how the market is anticipated to take shape in the near future. Given the characteristics of the market, gathered data is triangulated via different analysis based on supply side and demand side drivers and other key dynamics of the global hospital beds market. To develop the market forecast, Persistence Market Research has also conducted a factor analysis to understand the impact of various forces/factors on the target market. The report provides forecasts not only in terms of CAGR but also presents a detailed analysis based on key parameters such as Year-on-Year (Y-o-Y) growth to understand market predictability and to identify the right opportunities.
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Another key feature of this report is an analysis of the global hospital beds market and the corresponding revenue forecast in terms of absolute dollar opportunity, usually overlooked while forecasting the market. However, absolute dollar opportunity is critical in assessing the level of opportunity that a provider can look to achieve, as well as to identify potential resources from a sales perspective in the global hospital beds market. Further, to understand key segments in terms of their growth and overall global hospital beds market performance, Persistence Market Research has developed a market attractiveness index to help providers identify existing market opportunities in the global hospital beds market.
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