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Hospital Beds Market 2018- 2023
The Future of Smart Hospital Beds - How Smart
Technologies Can Change Hospitals Globally?
The Global Hospital Beds Market is expected to grow at a CAGR of 4.8% from
2018 to 2023 to reach USD 3.14 billion by 2023. Owing to growing number of
hospitals and increasing pool of elderly population coupled with growing
prevalence of chronic diseases, this industry has witnessed steady growth over the
last few years. Further, launch of technologically advanced beds and favourable
reforms for long term care have improved the adoption of hospital/medical beds
in many countries across the globe.
Hospital Beds Market By Product (Beds, Accessories), Area Of Use (Critical,
Bariatric, Med Surg, Pediatric, Maternal), Technology (Powered, Manual), Type Of
Care (Curative, Long Term), And End User (Hospital, Homecare, Elderly) - Global
Forecast To 2023
According to this latest publication from Meticulous Research®, the global
hospital/medical beds market is expected to grow at a CAGR of 4.8% from 2018 to
reach USD 3.14 billion by 2023. The growth of this market will be driven by factors
such as increasing elderly population coupled with growing prevalence of chronic
diseases, growing number of hospitals, and launch of technologically advanced
beds. Moreover, emergence of smart beds and robotic beds, growing demand for
beds in home care settings, growing demand from developing economies, and
growing medical tourism further supports the growth of this market. However,
rising preference to minimally invasive surgeries (eliminating necessity of longer
hospital stays) and decreasing number of beds in public hospitals hinders the
growth of this market to some extent.
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Hospital Beds Market 2018- 2023
The global hospital/medical beds market study presents historical market data in
terms of values (2016 and 2017), estimated current data (2018), and forecasts for
2023-by product (beds, accessories), by area of use (critical care, long-term care,
bariatric care, med-surg, homecare, pediatric, and maternal), by type of care
(curative care, rehabilitative care, long-term care), by technology (manual,
powered), by end user (hospitals, elderly care settings, homecare, and others), and
geography. The study also evaluates industry competitors and analyzes the
market at regional and country level.
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On the basis of product, beds commanded the largest share of global
hospital/medical beds market in 2017. However, accessories are expected to
witness a rapid growth during the forecast period mainly due to growing demand
for custom accessories such as extensions, side rails, and side trays.
On the basis of area of use, the critical care segment commanded the largest share
of global hospital/medical beds market in 2017. The large share is attributed to
greater hospital admissions due to chronic illness and accidental injuries, and high
dollar value of beds used in critical care. However, homecare segment is expected
to witness a rapid growth during the forecast period mainly due to growing
preference of geriatric population towards homecare as an affordable and
convenient way of healthcare.
On the basis of type of care, curative care commanded the largest share of global
hospital/medical beds market in 2017 due to growing inpatient population at
healthcare facilities across the globe resulting out of old age, chronic and infectious
diseases, and physical injuries. However, long-term care market is expected to
witness a rapid growth during the forecast period. The growth in this market is
mainly attributed to increasing aging population requiring long-term care and
favorable regulatory reforms and reimbursement policies favoring adoption of
long-term care.
On the basis of technology, powered beds commanded the largest share of global
medical/hospital beds market in 2017 and are expected to witness a rapid growth
during the forecast period. This is mainly due to various features such as position
adjustment, presence of monitoring sensors, and fall detection – offering greater
patient safety as well as improved caregiver performance by reducing repetitive
strain injuries (RSI).
On the basis of end-user, hospitals commanded the largest share of global
medical/hospital beds market in 2017. This is attributed to growing healthcare
expenditure across the globe, and increasing prevalence of various acute and
chronic diseases resulting in greater admission rate in hospitals.
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Hospital Beds Market 2018- 2023
This research report analyzes major geographies and provides comprehensive
analysis of North America (U.S., Canada), Europe (Russia, France, U.K., Germany,
Italy, Spain, and RoE), Asia-Pacific (India, China, Japan, and RoAPAC), Latin
America (Mexico, Brazil, Argentina, Colombia, Chile, Peru, and RoLATAM), and
Middle East & Africa. Europe commanded the largest share of the global
medical/hospital beds market in 2017, followed by North America, Asia-Pacific,
Latin America, and Middle East & Africa.
The major players operating in the global medical/hospital beds market are
Stryker Corporation, Hill-Rom Holding, Inc., Invacare Corporation, Getinge AB,
Paramount Bed Holdings Co., Ltd., Medline Industries, Inc., Joh. Stiegelmeyer
GmBH & Co. KG, Gendron, Inc., LINET Group SE, Joerns Healthcare LLC., SpanAmerica Medical Systems, Inc., Savion Industries, and Malvestio Spa among
others.
Here are the leading 10 companies operating in medical/hospital beds market
https://meticulousblog.org/top-10-companies-in-hospital-beds-market/
Scope of report 1. Introduction
1.1. Market Ecosystem
1.2. Currency and Limitations
1.2.1. Currency
1.2.2. Limitations
1.3. Key Stakeholders
2. Research Methodology
2.1. Research Process
2.1.1. Secondary Research
2.1.2. Primary Research
2.1.3. Market Size Estimation
3. Executive Summary
4. Market Insights
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Hospital Beds Market 2018- 2023
4.1. Introduction
4.2. Market Dynamics
4.2.1. Drivers
4.2.1.1. Increasing Elderly Population Coupled with Growing
Prevalence of Chronic Diseases
4.2.1.2. Growing Number of Hospitals
4.2.1.3. Launch of Technologically Advanced Beds
4.2.2. Restraints
4.2.2.1. Growing Preference for Minimally Invasive Surgeries
4.2.2.2. Declining Number of Beds in Public Hospitals
4.2.3. Opportunities
4.2.3.1. “Smart Beds” and “Robotic Beds” to offer New Growth
Avenues
4.2.3.2. Growing Demand for Beds in Homecare Settings
4.2.3.3. Significant Opportunities from Developing Economies
4.2.4. Trend
4.2.4.1. Transition from Acute Care to Long-Term Care
4.3. Market Share Analysis, by Key Players
……. Continue
Browse More Report of This Category at:
European Hospital Beds Market By Product (Beds, Accessories), Area Of Use
(Critical, Bariatric, Med Surg, Pediatric, Maternal), Technology (Powered,
Manual), Type Of Care (Curative, Long Term), And End User (Hospital,
Homecare)- Forecast To 2024
Asia Medical/Hospital Beds Market By Product (Beds, Accessories), Area Of Use
(Critical, Bariatric, Med Surg, Pediatric, Maternal), Type Of Care (Curative, Long
Term), And End User (Hospital, Homecare, Elderly) - Forecast to 2025
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Hospital Beds Market 2018- 2023
Key questions answered in the report:
Growing adoption of Hospital beds in developing countries will propel the
overall Hospital beds market
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•
•
How does the adoption of hospital beds in developed regions differ from
developing countries like India, and China?
How is the competition between the major global and prominent local
players in this market?
Which are the high growth market segments in terms of product, area of
use, type of care, technology, end users, regions, and countries?
Hospitals accounted for the largest share of the hospital beds market globally
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•
•
What factors contribute to the frequent usage of overall hospital beds
products in hospitals?
Which geographic segment is expected to experience the fastest growth in
the usage of hospital beds in hospitals, elderly care settings, home care
settings, and others?
How does the adoption of hospital beds in hospitals differ from other end
users such as elderly care settings and home care settings?
Hospital beds market favours both larger and local manufacturers that compete
in multiple segments
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•
•
Who are the top competitors in this market and what strategies do they
employ to gain shares?
What is driving growth and which market segments have the most potential
for revenue expansion over the forecast period?
What strategies should new companies look to enter this market to compete
effectively?
Recent partnerships, acquisitions, and expansions have taken place in the global
Hospital beds market
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Which companies have recently merged/acquired and how will these
unions affect the competitive landscape of the hospital beds market?
Which companies have created partnerships and how will these
partnerships promote a competitive advantage?
Who are the major players in the global hospital beds market and what share
of the market do they hold?
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Hospital Beds Market 2018- 2023
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