Hospital Beds Market Poised to Grow at a CAGR of 6.3% by 2024
Infinium Global Research has added a new report on Hospital
Beds Market. The report presents analysis of global as well as regional
markets of hospital beds market over the period of 2016 to 2024. A hospital bed
is a bed specially designed for hospitalized patients or for the patients in
need of some form of health treatment. These are the specialized type of beds
designed to meet all the needs of the hospital environment. These beds are
usually more expensive than regular beds. Hospital beds have wheels that make
it much easier to move the bed to different locations if needed. Regular beds
require much more effort to be moved. Hospital beds give the ability to push
the bed to different parts of a room to give room for wheelchairs, commodes,
and a variety of medical equipment. Hospital beds also have the elevation
features owing to which beds can be raised and lowered at the head, feet and
their entire height can be adjusted according to the patients comfort and to
carry out different procedures on the patients.
Increasing geriatric population and increasing volume of
chronic care patients are the major factors driving the growth of the hospital
beds market. According to the National Institute on Aging, the global geriatric
population will rise to 1.5 billion, which makes for a strong demand for
hospital beds. Additionally, beds designed in accordance to a specific group of
patients being treated is also fuelling the expansion of hospital beds market across
the world. However, the declining number of beds in public hospitals are likely
to restrain the growth of the market during the forecast period. Furthermore,
the growing trend of home care is anticipated to provide several growth
opportunities for the key players in the hospital beds market.
Among the geographies, Europe dominated the market and the Asia
Pacific is anticipated to be the fastest growing region for hospital bed
market. The growth in the Asia Pacific region is due to the rising number of
contract manufacturing organizations and increasing healthcare infrastructure.
In addition, Malaysia, Singapore, India, and Thailand have emerged as lucrative
destinations for medical tourism, which further propels the growth of the
hospital bed industry in the Asia Pacific region. Moreover, increasing
healthcare expenditure in Europe’s medical industry has increased the
healthcare organizations towards buying advanced and relatively expensive
hospital beds for the patients convenience and safety. Moreover, the growth
matrix presented by Infinium Global Research identifies the key investment
markets in the near future, this will not only help the companies to understand
the competitive position in the global hospital beds market but also make
strategic decisions to capture the most lucrative markets in the near future. The
market size is presented in terms of value for the historic year 2016 and
estimated for forecast period of 2018-2024.
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The recent report identified that Europe dominated the global
hospital beds market over the last couple of years, while emerging markets of
Asia-Pacific and Latin America are anticipated to contribute significantly to
the growth in the hospital beds market worldwide.
The report segments the global hospital beds market on the
basis of Usage, Types and Treatment.
Global Hospital Beds Market by Usage
Pressure Relief Beds
Global Hospital Beds Market by Types
Global Hospital Beds Market by Treatment
Acute Care Bed
Long Term Care Beds
Critical Care Beds
Companies Profiled in the Report
Medline Industries, Inc
Hill-Rom Holdings, Inc.
LINET spol. s r.o
Paramount Bed Co. Ltd.
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