Increasing investments in healthcare infrastructural development and technological innovations to drive the growth of global hospital beds market
According to TechSci Research report, “Global Hospital Beds Market By Type (General, Pediatric, Birthing, Bariatric, Pressure Relief, Others), By Power (Manual, Semi-electric, Electric), By Treatment (Acute Care, Long-term Care, Critical Care), By Application (Intensive Care, Non-Intensive), By End User (Hospitals, Home Care Settings, Elderly Care Facilities), By Region, Forecast & Opportunities, 2025”, global hospital beds market is expected to witness robust growth during the forecast period. Growing old age population requiring intensive care at home is one of the major factors accounting for the growth of global hospital beds market. Moreover, the key market players are focusing more on manufacturing hospital beds, enabled with IoT and power mattresses, which aids in redistribution of pressure, hence leading to improved blood circulation in bed-ridden patients, which is expected to bode well for the growth of global hospital beds market through 2025. In addition to this, surging number of beds in private hospitals, is positively influencing the growth of global hospital beds market across the globe. Also, rising prevalence of chronic diseases is making headway for the growth of global hospital beds market. Along with this, supportive government funding is anticipated to positively contribute to the market growth during the next five years. However, there are some factors that might act as major impediments to the growth of global hospital beds market through 2025 such as declining number of beds in public hospitals, lack of proper infrastructure, among others.
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Global hospital beds market can be segmented based on type, power, treatment, application, end user, company and region. Considering the power, the market is fragmented into manual, semi-electric and electric. The manual power type segment dominated the global hospital beds market in terms of largest market share until 2019 and is further anticipated to maintain its dominance during the forecast period as well. This is because of economic nature of manual beds on comparison to electric and semi-electric beds. Additionally, manual beds involve less maintenance and are extensively used in hospitals, nursing homes, and home care settings., which is estimated to boost the growth of segment over the coming years. In terms of end user, the market is fragmented into hospitals, home care settings, elderly care facilities. Out of which, the home care settings segment dominated the market until 2019 and is further is anticipated to grow at a high pace during the forecast years on account of growing geriatric population along with increasing prevalence of chronic diseases.
Stryker Corporation, Hill-Rom Holdings, Inc., Getinge AB, Invacare Corporation, Medline Industries, Inc., Linet Spol. S.R.O., Stiegelmeyer GmbH & Co. Kg, Span-America Medical Systems, Inc., Malvestio S.P.A., Merivaara Corp., Antano Group S.R.L., Amico Corporation, Paramount Bed Holdings Co., Ltd., Midmark Corporation, Famed Zywiec Sp.Z O.O., are among others are the leading players operating in global hospital beds market. The companies are adopting several growth strategies to enhance the market scenario of hospital beds. Other competitive strategies include product launches; mergers & acquisitions; agreements, partnerships, and collaborations; and expansions to diverse their product portfolio in order to strengthen their market position.
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“Europe is forecast to dominate the global hospital beds market through 2025 on account of increasing per capita healthcare spending. Furthermore, growing investments is also contributing to the growing trend in the region. Moreover, Asia-Pacific is anticipated to register highest growing CAGR over the years to come, which can be attributed to improving healthcare infrastructure and growing medical tourism in the region.”, said Mr. Karan Chechi, Research Director with TechSci Research, a research based global management consulting firm.
“Global Hospital Beds Market By Type (General, Pediatric, Birthing, Bariatric, Pressure Relief, Others), By Power (Manual, Semi-electric, Electric), By Treatment (Acute Care, Long-term Care, Critical Care), By Application (Intensive Care, Non-Intensive), By End User (Hospitals, Home Care Settings, Elderly Care Facilities), By Region, Forecast & Opportunities, 2025” has evaluated the future growth potential of global hospital beds market and provides statistics & information on market size, structure and future market growth. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges and opportunities in global hospital beds market.