Global Hospital Beds Market Information: By Type (Acute Care, Long-Term Care, Psychiatric & Bariatric Care, Others), By Power (Electric, Semi-Electric, Manual), By End Users (Hospital, Clinics, Ambulatory)- Forecast Till 2023
Hospital beds are specially designed for hospitalized patients who are in need of some form of health care services. Different types of hospital beds are available in the market such as advanced electric and semi electric beds.Increasing prevalence of diseases, rising geriatric population, and increasing number of hospitals & clinics drive the growth of the market. According to the WHO, the number of people aged over 65 was approximately 524 million in 2010, which will reach 1.5 billion by 2050. Furthermore, increasing healthcare spending have fuelled the market growth. However, high cost of the advanced hospitals beds such as electric and semi-electric beds may slow the growth of the market during the forecasted period.
The global hospital beds market is growing at a stable pace and is expected to reach USD 4,824.2 million by 2023 from USD 2,515.1 million in 2016 at a CAGR of 5.5% during the forecasted period 2017-2023.
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Segmentations
The global hospital beds market is majorly segmented on the basis of type, power, end users, and regions.
On the basis of types, the global hospital beds market is segmented into acute care, long-term care, psychiatric & bariatric care, and others (maternity and rehabilitation beds).
Based on the power, the market is segmented into electric bed, semi-electric bed, and manual bed.
Based on end users, the global hospital beds market is segmented into hospital, clinics, ambulatory, and others.
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Regional Analysis
The global hospital beds market is segmented into four regions: the Americas, Europe, Asia Pacific, and the Middle East & Africa.
Europe holes the largest share of the global hospital beds market due to increasing government support and high healthcare spending. Moreover, continuous technological development and the growing presence of the global market leaders contribute to the market growth. The Americas is the second largest market due to strong economic conditions, huge geriatric population, and well-developed healthcare sector. Moreover, improving reimbursement policies is expected to fuel the growth of this market.
Asia Pacific is the fastest growing market due increasing prevalence of chronic diseases, growing government encouragement in healthcare sector, and increasing geriatric population will boost the market growth over the forecasted period. Additionally, increasing number of hospitals, increasing number of life-threatening diseases, and increasing healthcare expenditure have fueled the growth of the market.
However, the Middle East & Africa holds the least share in the market due to limited access to the healthcare resources and lack of technological development in healthcare facilities.
Key Players
Some of the key players in the global market: Hill-Rom Holdings, Stryker Corporation, Linet spol. s r.o., Invacare Corporation, Paramount Bed Holdings Co., Ltd., Gendron Inc., and Getinge AB.
Hill-Rom Holdings, headquartered in Batesville, Indiana, the US, is one of the leading global medical technology company. In 2017, the company announced the launch of the new Hill-Rom 900 Accella bed system for higher acuity patients in intensive and acute care settings.
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Key Findings
- The global hospital beds market is expected to reach USD 4,824.2 million by 2023 at CAGR of 5.5%.
- Acute care bed segment accounts for the major share of 58.7% in the global hospital beds market, by type in 2016.
- Europe holds the largest market share of the global hospital beds and was valued USD 916.6 million in 2016 and is expected to grow at a CAGR of 5.5% during the forecasted period.
- Asia Pacific is the fastest growing region across the globe and expected to grow at a CAGR 5.9% during the forecast period.
The report on the global hospital beds market of Market Research Future comprises of extensive primary research along with the detailed analysis of qualitative as well as quantitative aspects by various industry experts, key opinion leaders to gain deeper insight to the market and industry performance. The report gives a clear picture of the current market scenario which includes historical and projected market size in terms of value and volume, technological advancement, macro economical and governing factors in the market. The report provides details information and strategies of the top key players in the industry. The report also gives a broad study of the different market segments and regions
List of Table
TABLE 1 GLOBAL HOSPITAL BEDS MARKET, BY TYPE 31
TABLE 2 ACUTE CARE HOSPITAL BEDS MARKET, BY REGION 32
TABLE 3 LONG-TERM CARE HOSPITAL BEDS MARKET, BY REGION 33
TABLE 4 PSYCHIATRIC AND BARIATRIC CARE HOSPITAL BEDS MARKET, BY REGION 33
TABLE 5 GLOBAL HOSPITAL BEDS MARKET, BY POWER 36
TABLE 6 ELECTRIC BEDS HOSPITAL BEDS MARKET, BY REGION 36
TABLE 7 SEMI-ELECTRIC BEDS HOSPITAL BEDS MARKET, BY REGION 37
TABLE 8 MANUAL BEDS HOSPITAL BEDS MARKET, BY REGION 38
TABLE 9 GLOBAL HOSPITAL BEDS MARKET, BY END-USER 39
TABLE 10 HOSPITALS HOSPITAL BEDS MARKET, BY REGION 40
TABLE 11 CLINICS HOSPITAL BEDS MARKET, BY REGION 41
TABLE 12 AMBULATORY CLINICS HOSPITAL BEDS MARKET, BY REGION 42
TABLE 13 GLOBAL HOSPITAL BEDS MARKET, BY REGION 44
TABLE 14 EUROPE HOSPITAL BEDS MARKET, BY REGION 45
TABLE 15 EUROPE HOSPITAL BEDS MARKET, BY TYPE 46
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