Global Hospital Beds Market: Market Segments: By Type (General Beds, Bariatric Beds, Pediatric Beds, Pressure Relief Beds, Birthing Beds, Others); By Treatment (Acute Care, Critical Care, Long Term Care); By Power (Electric Bed, Semi-Electric Bed, Manual Bed); By End-User (Hospitals, At Home Care, Elderly Care); and Region – Analysis of Market Size, Share & Trends for 2014 – 2019 and Forecasts to 2030
Hospital beds are primarily built for hospitalized patients who require health care services of some form. In a standard home bed, hospital beds allow body positioning that is not feasible. Other equipment, such as ECG machines and others, is also included in these beds. Different and sophisticated styles of hospital beds are available on the market today. The advent of electric and semi-electric beds has changed the hospital bed scenario entirely.
Global Hospital Beds Market is expected to project a notable CAGR of XX.X% in 2030.
Global Hospital Beds Market to surpass USD XXXX million by 2030 from USD XXXX million in 2018 at a CAGR of XX% throughout the forecast period, i.e. 2019-30. The rise of ageing populations, the growth of business expansion and developments in medical treatments are some of the major drivers of healthcare expenditure growth. It is expected that the future of hospital beds will be influenced by the constant, aware incorporation of technology to the healthcare environment.
Global Hospital Beds Market: Segments
General Bed Segment to grow with the highest CAGR of XX.X% during 2019-30
Global Hospital Beds Market is segmented by type into general, birthing, pediatric, bariatric, pressure relief, and other beds. The greater market share in 2019 was accounted for by the general segment and is expected to see the highest growth during the forecast period. In contrast to other specialized hospital beds, such as bariatric and pediatric beds, general beds are economically priced and are comparatively cheaper and are often used by caregivers and general staff in hospitals, clinics, nursing homes, and other medical institutions.
Global Hospital Beds Market: Market Dynamics
Increasing investments in healthcare infrastructural development
The growth of the medical bed market in the coming years is expected to be driven by factors such as growing investments in healthcare infrastructure creation, technological advances in ICU beds, rising numbers of beds in private hospitals, and growing volumes of chronic care patients.
High operational costs associated with Hospital Beds
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.
Global Hospital Beds Market: Regions
Global Hospital Beds Market is segmented based on regional analysis into five major regions. These include North America, Latin America, Europe, APAC and MENA.
Global Hospital Beds Market in Europe held the largest market share of XX.X% in the year 2019 because of the increasing per capita spending on healthcare, the growing geriatric population, the increasing prevalence of chronic diseases and the region’s technological advances. High healthcare spending and patient understanding of the benefits of early disease diagnosis and treatment are due to regional development. In addition, advanced healthcare infrastructure, combined with advanced technology availability, would have a positive effect on regional market growth. The strong foothold of major players in the North American industry will further increase the growth of the medical bed market.
Global Hospital Beds Market: Recent Development
• In April 2020, The India Railways has converted 20,000 old train carriages into isolation wards for patients suspected with the COVID-19 infection
• In March 2020, Spain has converted its 240,000 square meter IFEMA conference centre into a hospital of 5,500 beds, including ICU beds to treat COVID-19 infected patients.
Global Hospital Beds Market: Key Players
• Stiegelmeyer Group
o Company Overview
o Business Strategy
o Key Product Offerings
o Financial Performance
o Key Performance Indicators
o Risk Analysis
o Recent Development
o Regional Presence
o SWOT Analysis
• Invacare Corporation
• Linet Spol. S R.O
• Paramount Beds Holdings Co., Ltd.
• Hill-Rom Holdings
• Stryker Corporation
• Joh. Stiegelmeyer GmBH & Co. KG
• Gendron Inc.
• Medline Industries, Inc.
• Getinge AB
• Joerns Healthcare LLC
• Hemair Systems India Ltd.
Global Hospital Beds Market report also contains analysis on:
Global Hospital Beds Market Segments:
• General Beds
• Bariatric Beds
• Pediatric Beds
• Pressure Relief Beds
• Birthing Beds
• Acute Care
• Critical Care
• Long Term Care
• Electric Bed
• Semi-Electric Bed
• Manual Bed
o By End-Users
• At Home Care
• Elderly Care
• Hospital Beds Market Dynamics
• Hospital Beds Market Size
• Supply & Demand
• Current Trends/Issues/Challenges
• Competition & Companies Involved in the Market
• Value Chain of the Market
• Market Drivers and Restraints