According to a new market report published by Persistence Market Research “Global Market Study on Hospital Beds: Asia to Witness Highest Growth by 2020”, the global hospital beds market was valued at USD 5,254.2 million in 2014 and is expected to expand at a CAGR of 4.2% from 2014 to 2020, to reach an estimated value of USD 6,731.8 million by 2020.
FACTS AT A GLANCE
Companies: Getinge Group, Paramount Bed Co. Ltd., LINET spol. s r.o., Stryker, ArjoHuntleigh, Hill-Rom Holdings, Inc., Medline Industries, Inc., and Invacare Corporation, among others
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Coverage: All major geographies and key segments
Segments: Usage (General purpose beds, Birthing beds, Pediatric beds, Bariatric beds,Pressure relief beds); By Power (Electric beds,Semi-Electric beds,Manual beds); By Treatment(Critical care beds,Acute care beds,Long-term care beds)
Geographies: North America (The U.S.); Europe (Russia,Germany,The U.K.,France); Asia (Japan,China,India).
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ABSTRACT-
Persistence Market Research has devised a report on the global market for hospital beds for a forecast period of 2014 to 2020. 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.
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.
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