Hospital Beds Market Anticipated To Reach USD 6,731.8 Mn By 2020

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.
Hospital beds refer to medical equipment used to provide care to patients during their
hospitalization. Special features of hospital beds, such as adjustable heights of the
bed and side rails controlled by electronic buttons, make them caretaker friendly and
help provide better comfort to patients. Hospital beds can be classified on the basis of
usage, power, and treatment.
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Globally, the hospital beds market is witnessing significant growth due to increasing
prevalence of chronic diseases and increasing aging population. Moreover, increasing
healthcare expenditure and technological advancements in this field are driving the
market. However, high costs of advanced hospital beds restrain the hospital beds
market. Similarly, decreasing demand for general hospital beds in developed
countries is a major concern for the market. As a result, the market is expected to
grow at a CAGR of 4.2% during 2014 – 2020.
Europe has the largest market for hospital beds. This is mainly due to increasing
prevalence of chronic diseases and rising healthcare spending in the region. The
European market for hospital beds was estimated at USD 1,643.2 million in 2014 and
is expected to reach USD 2,010.2 million in 2020, expanding at a CAGR of 3.4%.
The Asian market for hospital beds is expected to increase at a significant rate due to
large population base, growing hospital infrastructure, and improving reimbursement
scenario in the region. On the basis of power, manual beds account for the largest and
fastest growing segment. On the basis of treatment, acute care beds account for the
largest segment, while critical care beds account for the fastest growing segment in
the global hospital beds market.
Hill-Rom Holdings, Inc., Getinge Group, and Stryker are some of the leading players
in the global market for hospital beds. Some of the other major players in the market
are Paramount Bed Co., Ltd., Invacare Corporation, and LINET spol. s r.o.
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