Global Market Study on Hospital Beds: Asia to Witness Highest Growth by 2020

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Nov 14, 2016, 11:11 ET

LONDON, Nov. 14, 2016 /PRNewswire/ -- Hospital beds are manufactured and designed to assist and provide comfort to patients during hospitalization. Hospital beds have special features such as adjustable heights of the bed and side rails controlled by electronic buttons and connected electronic devices, to make them caretaker friendly and comfortable for patients. Hospital beds are equipped with wheels to facilitate their easy transfer and adjustable side rails to ensure that patients do not fall off the bed. Increasing aging population and growing prevalence of chronic diseases are the major drivers for the hospital beds market. Moreover, increasing healthcare expenditure and technical advancements in this field fuel the growth of the market. However, factors such as high costs of advanced hospital beds and decreasing demand for general hospital beds in developing countries are some of the key restraints for the hospital beds market. The global hospital beds market was estimated at USD 5,254.2 million in 2014 and is expected to reach USD 6,731.8 million by 2020, expanding at a CAGR of 4.2% from 2014 to 2020.

Europe dominates the global hospital beds market, with Russia being the largest market in the region. This is due to increasing prevalence of chronic diseases and rising healthcare expenditure in the country. Asia is expected to experience high growth rate over the next five years in the hospital beds market. This is due to improving healthcare infrastructure and increasing prevalence of chronic diseases in the region.

This report provides in-depth analysis and estimation of the hospital beds market for the period 2014 - 2020, considering 2013 as the base year for calculation. Furthermore, data pertaining to current market dynamics, including market drivers, restraints, and strategic developments, has been provided in the report. The hospital beds market is categorized on the basis of usage, power, treatment, and geography. Based on usage, the hospital beds market is segmented into general purpose, birthing, pediatric, bariatric, and pressure relief beds. In terms of power, the market comprises electric, semi-electric, and manual beds.

In the geographical analysis, the report identifies and analyzes market size and forecast for North America, Europe, Asia and Rest of the World (Row). North America is further segmented into the U.S. and Rest of North America. Similarly, Europe is further segmented into the U.K., Germany, France, and Russia while Asia is segmented into China, Japan, and India.

Some of the major players in the hospital beds market are Hill-Rom Holdings, Inc., Stryker, Paramount Bed Co. Ltd., ArjoHuntleigh, Invacare Corporation, Medline Industries, Inc., and LINET spol. s r.o. These key market players have been profiled on the basis of attributes such as company overview, recent developments, growth strategies, sustainability, and financial overview.

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