Asia-Pacific to Dominate Hospital Beds Market until 2025

Increasing investments in healthcare infrastructure development and technological innovations to drive global hospital beds market during the forecast period

According to TechSci Research report, “Global Hospital Beds Market By Type, By Power, By Treatment, By Application, By End User, By Region, Competition, Forecast & Opportunities, 2025”, the global hospital beds market is estimated to stand at $ 4.5 billion in 2020 and witness a CAGR of over 11% until 2025. Growing old age population requiring intensive care at homes is one of the major factors boosting market growth. 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 in the coming years. In addition to this, surging number of beds in private hospitals and care centers due to COVID-19 pandemic across the globe has influenced many manufacturers to ramp up their monthly hospital bed production, which is positively influencing the global hospital beds market.

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Global hospital beds market can be segmented based on type, power, treatment, application, end user, and region. Considering the power segmentation, the market is fragmented into manual, semi-electric and electric. The manual power type segment dominated the global hospital beds market in 2019 and is further anticipated to maintain its dominance during the forecast period. This is because of economic nature of manual beds in 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 expected to continue boosting the market growth in the coming years. Based ontype, the market can be categorized into general, pediatric, birthing, bariatric, pressure relief and others. Out of these, the general type segment grabbed the largest market share in 2019 and is expected to maintain its leading position through 2025 on account of general hospital beds being cheaper compared to other specialty hospital beds. In terms of end user segments, the market is fragmented into hospitals, home care settings, and elderly care facilities. The hospital segment dominated the market in 2019 and is further anticipated to dominate the market during the forecast years. However, the home care segment is anticipated to grow at the highest pace during the forecast period on account of growing geriatric population along with increasing prevalence of COVID-19 pandemic and chronic diseases across the globe.

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., Besco Medical Co. Ltd., Gendron Inc., and GF Health Products, are among the leading players operating in the global hospital beds market.

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“Asia-Pacific is forecast to dominate the global hospital beds market through 2025 on account of increasing per capita healthcare spending and expanding healthcare infrastructure across the region. Nevertheless, Europe and North America are also expected to witness robust growth in terms of hospital bed sales over the next five years.”, said Mr. Karan Chechi, Research Director with TechSci Research, a research based global management consulting firm.

“Global Hospital Beds Market By Type, By Power, By Treatment, By Application, By End User, By Region, Competition, 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.

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