Hospital Beds Market Poised to Grow at a CAGR of 6.3% by 2024

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.

 

Get 15% discount for early purchase of global hospital beds market report by clicking the following link, Use code IGRD15 to request the discount in the given form

 

https://www.infiniumglobalresearch.com/reports/request-discount/1831

 

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

·         General Beds

·         Pediatric Beds

·         Pressure Relief Beds

·         Bariatric Beds

·         Birthing Beds

 

Global Hospital Beds Market by Types

·         Electric Beds

·          manual Beds

·         Semi-electric Beds

 

Global Hospital Beds Market by Treatment

·         Acute Care Bed

·         Long Term Care Beds

·         Critical Care Beds

 

Companies Profiled in the Report

·         Medline Industries, Inc

·         Invacare Corporation

·         Hill-Rom Holdings, Inc.

·         Stryker

·         ArjoHuntleigh

·         LINET spol. s r.o

·         Getinge Group

·         Paramount Bed Co. Ltd.

 

About Infinium Global Research

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