Global Hospital Beds Market (Size of $5,459.1
million in 2015) to Witness 4.6% CAGR
During 2016 – 2022
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Global Hospital Bed Market
The global hospital beds market was valued at $5,459.1 million in 2015, and it is
expected to grow at a CAGR of 4.6% during the period 2016 - 2022. The global
market is increasing, due to growing geriatric population and increasing healthcare
expenditure. In addition, the lifestyle changes are leading to chronic illness, due to
the increased usage of caffeine, tobacco and alcohol. This has generated the
demand for hospitalization, thus encouraging the growth of the global market.
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Global Hospital Bed Market
Based on type, the general bed segment is expected to witness the fastest
growth during the forecast period. Among the treatment types, the acute
care bed segment had the largest market size in the global market during
2015; however the critical care bed segment is expected to witness the
fastest growth, wit at 5.1% CAGR during the period 2016 – 2022.
The information and data in the publication “Global Hospital beds market
Size, Share, Development, Growth and Demand Forecast to 2022”
represent the research and analysis of data from various primary and
secondary sources. The bottom-up approach has been used to calculate the
global hospital beds market size by type, treatment and power. The market
numbers for countries are obtained through top-down approach. P&S
Market Research analysts and consultants interacted with the authorities
from leading companies of the concerned domain, to substantiate every
value of data presented in the report. The company bases its primary
research on discussions with prominent professionals and analysts in the
industry, which is followed by informed and detailed, online and offline
research.
Global Hospital Bed Market
According to World Health Organisation (WHO); the total healthcare
expenditure is increasing globally, thus leading to the improvements in the
healthcare infrastructure. This increase in healthcare expenditure leads to
construction and renovation of old hospitals with installation of new
medical equipment and hospital beds.
Aging population acts as a major growth driver for the market, as this pool
is more prone to falling ill due to low immunity levels and longer recovery
period. Aged people require more care, as they are more susceptible to
accidents, trauma, injuries due to burns, fractures, and falls that lead to an
increase in the number of hospitalisation cases; which fuels the demand for
hospital beds.
Global Hospital Bed Market
However, the high price of hospital beds, such as fully electrical beds,
critical care beds, surgical beds, birthing beds, and bariatric beds acts as
major restraints in the growth of the market. In developing countries, such
as China, India and Brazil, manual and semi-electrical beds are preferred, as
compared to fully electrical beds, owing to their low price. The Asian
market is expected to witness the fastest growth, at a CAGR of 5.2% during
the period 2016 – 2022.
The key companies operating in the global hospital beds market include
Hill-Rom Holdings Inc., Getinge AB, Stryker Corporation, Invacare
Corporation, PARAMOUNT BED CO. LTD., Gendron Inc., Medline Industries
Inc., Span-America Medical Systems, Inc., Savion Industries Ltd., and Linet
spol. s r.o.
Global Hospital Bed Market
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