Meticulous Research® –leading global market research company published a research report titled “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”.
According to this latest publication from Meticulous Research®, Asia medical/hospital beds market is expected to grow at a CAGR of 5.8% from 2018 to reach $682.2 million by 2025. The Asia medical/hospital beds market is majorly driven by increasing elderly population coupled with growing prevalence of chronic diseases, rising number of hospitals, and growing medical tourism. However, factors such as growing preference for minimally invasive surgeries and decreasing number of beds in public hospitals are expected to hinder the growth of this market to some extent.
Key Market Segments to Watch
Asia medical/hospital beds market study presents historical market data in terms of value (2016 and 2017), estimated current data (2018), and forecasts for 2025 -by product (medical/hospital beds, accessories), area of use (critical care, long-term care, bariatric care, med-surg, pediatric care, maternal care, and home care), type of care (curative care, long-term care, and rehabilitative care), technology (powered beds and manual beds), and end user (hospitals, elderly care settings, home care settings, and others). The study also evaluates industry competitors and analyzes the market at country level.
On the basis of area of use, the Asia medical/hospital beds market is segmented into critical care, long-term care, bariatric care, med-surg, pediatric care, maternal care, and home care. Critical care segment holds the largest share of the Asian medical/hospital beds market with the increasing number of accidents, growing incidence of infectious diseases, and rising prevalence of chronic diseases and fatal injuries in this region. However, home care market is expected to witness a rapid growth during the forecast period. The rapid growth of this market is primarily attributed to the rising healthcare expenditure, growing aging population coupled with increase in the incidence of chronic diseases, technological advancements such as wearable gadgets, and telehealth which has shifted the focus towards alternative methods of treatment such as home healthcare which is less expensive and effective.
On the basis of type of care, the Asia medical/hospital beds market is segmented into three major segments namely, curative care, long-term care, and rehabilitative care. Curative care segment accounted for the largest share of the Asia medical/hospital beds market in 2017. The large share of this segment is attributed to the growing inpatient population at the healthcare facilities across the Asia. However, long-term care segment is expected to witness a rapid growth during the forecast period.
This research report analyzes major geographies and provides comprehensive analysis of India, China, Japan, and Rest of Asia. The India accounted for the largest share of the Asia medical/hospital beds market with the rising prevalence of various chronic diseases; increase in the prevalence of cancers of digestive, urinary, respiratory, and reproductive systems; growth in per capita healthcare expenditure; increasing investments in the Indian healthcare industry; and expansion of private healthcare institutions in rural areas.
The key players profiled in the Asia medical/hospital beds market report are Stryker Corporation (U.S.), Hill-Rom Holdings, Inc. (U.S.), Getinge AB (Sweden), Invacare Corporation (U.S.), Paramount Bed Holdings Co., Ltd. (Japan), Medline Industries, Inc. (U.S.), Joh. Stiegelmeyer GmBH & Co. KG (Germany), LINET Group SE (Czech Republic), Joerns Healthcare LLC. (U.S.), Span-America Medical Systems, Inc. (U.S.), Savion Industries (Israel), and Malvestio Spa (Italy).
Key questions answered in the report-
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Meticulous Research® was founded in 2010 and incorporated as Meticulous Market Research Pvt. Ltd. in 2013 as a private limited company under the Companies Act, 1956. Since its incorporation, the company has become the leading provider of premium market intelligence in North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa.
With the meticulous primary and secondary research techniques, we have built strong capabilities in data collection, interpretation, and analysis of data including qualitative and quantitative research with the finest team of analysts. We design our meticulously analyzed intelligent and value-driven syndicated market research reports, custom studies, quick turnaround research, and consulting solutions to address business challenges of sustainable growth. Meticulous Research® produces global reports and custom studies for North America, Europe, Latin America, Asia-Pacific, and the Middle East and Africa regions. These reports are used by our clients for marketing and strategic planning in various sectors.
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