Global Hospital Beds Market is Expected to Reach $2,357.1 Million By 2021Published On: November 15, 2016
According to the latest publication from Meticulous Research®, the global hospital beds market is expected to reach $2357.1 million by 2021 with a CAGR of 4.7% over the period of 2016 to 2021. The report provides in-depth analysis of hospital beds market in four major geographies with country level analysis and emphasizes on the current market trends, market size, market share, recent developments, and forecast till 2021. The study offers a comprehensive analysis of hospital bed market with respect to its area of use, type of care, technology, ends user, and geography.
Hospital beds market is primarily driven by growing ageing population across the globe as this segment of population is more susceptible to diseases which increases demand on public health system and on medical and social services forcing healthcare institutes to increase the number of beds in hospitals. Also, growing incidences of chronic disorders across the globe results in increased number of hospital admissions. This scenario pushing up the purchases of hospital beds by healthcare institutions to meet the rising influx of patients. Furthermore, improving healthcare infrastructure in developing regions, rising middle class income and rising investment and advancement in healthcare industry are other factors augmenting the for growth of this market.
However, the high cost associated with specialty beds such as bariatric, and critical care bed could restrict the growth of this market to a certain extent. Also, advancements in the pharmaceutical sectors lead to significant reduction in hospital admission which may impact this market in long run.
The report provides detailed analysis of major segments such as market by area of use, type of care, technology, and end users. By area of use, the market is further sub segmented in critical care, bariatric, maternity, home care, long term care, and med-surge; By type of care, the market is sub segmented in curative care beds, psychiatric care beds, long-term care beds, and other beds; By technology, the market is segmented in manual bed, semi automatic bed, and fully automatic bed and By end users, the market is segmented in hospitals and clinics, elderly care settings, home care, and others.
Geographically, Europe dominated the hospital beds market, followed by North America and Asia-Pacific. The large share of Europe is mainly attributed to increasing prevalence of chronic diseases and rising healthcare spending in the region. The report segmented the hospital bed market into North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. These regions are further analyzed at a country level with a detailed qualitative and quantitative analysis. Market size estimates and forecasts for the period 2016 to 2021 has been provided for each segment and its sub-segment, in terms of USD million, calculating growth rates from 2016 to 2021, considering 2015 as the base year for calculations.
Some of the key players operating in the hospital beds market are Invacare Corporation, Joerns Healthcare, Arjo Huntleigh (Division of Gentige AB), LINET Group, Joh. Stiegelmeyer GmbH & Co. KG , Stryker Corporation, Hill Rom Inc., Paramount Bed Holdings Co., Ltd, Medline Industries, Gendron, Inc., Span-America Medical Systems, Inc., and Savion Industries Ltd
Key questions answered in the report-
- Which are the high growth market segments in terms of hospital beds technology, area of use, type of care, end-users, and regions/countries?
- What is the historical market for hospital beds across the globe?
- What are the market forecasts and estimates from the period 2016-2021?
- What are the major drivers, restrains, threats, and opportunities in the global hospital beds market?
- What are the burning issues of the global hospital beds market?
- Who are the major players in the global hospital beds market and what share of the market do they hold?
- Who are the major players in various countries and what share of the market do they hold?
- What are the competitive landscapes and who are the market leaders by sub-region in the global hospital beds market?
- What are the recent developments in the global hospital beds market?
- What are the different strategies adopted by the major players in the global hospital beds market?
- What are the geographical trends and high growth regions/ countries?
- What are the local emerging players in the global hospital beds market and how do they compete with the global players?
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