Global Hospital Bed Market was valued US$ XX Bn in 2019 and is expected to reach US$ XX Bn by 2027, at a CAGR of 6.50 % during a forecast period. To know about the Research Methodology :- Request Free Sample Report The report study has analyzed the revenue impact of the COVID-19 pandemic on the sales revenue of the market leader, market followers, and market disrupters in report, and the same is reflected in our analysis. A hospital bed is specially designed for hospitalized patients or others in the health care sector. They have special features both for the comfort and well-being of the patient. The common features of the hospital bed contain adjustable height for the entire bed, the head, and the feet, adjustable side rails, and electronic button, which is used to operate both the bed and other nearby electronic devices.
Global Hospital Bed Market, Dynamics:
Global health care spending is projected to increase at a 4.1% rate of CAGR during the forecast period. The growth in the aging populations, developing market expansion and advances in medical treatments are some of the prominent drivers that are increasing the healthcare expenditure. The future of hospital beds is expected to shape by the continued, conscious supplement of technologies into the healthcare environment. Currently, the outbreak of the COVID-19 pandemic is one of the key drivers for the growth of the global hospital bed market. Patients are suffering from mobility challenges that are increasing the demand for full-electrical hospital beds. The development of multi-specialty and private hospitals is increasing the demand for full-electric models with advanced equipment and easy handling features. With the pandemic COVID-19 crisis, the global healthcare industry is experiencing a shortfall in the number of hospital beds because of an insufficient number of beds. In 2020, a shortage of 16,300-beds has witnessed in the U.S. Furthermore, growth in COVID-19 cases in the Asia Pacific and Latin America countries like India, Australia, Pakistan, Brazil, Argentina, and Mexico have showcased the shortage of hospital beds that are expected to drive the market growth.
Global Hospital Bed Market, Segment Analysis:
The acute care segment is expected to contribute a XX% share in the global hospital bed market. Acute care plays a vital role in the prevention of death and disability. In health systems, acute care also serves as an entry point to health care for individuals with emergent and urgent conditions. The life-threatening situations like acute myocardial infarction or heart attack, Cerebrovascular Accident (CVA) or stroke, extreme difficulty in breathing, severe bleeding, acute abdominal pain, poisoning, broken bones are increasing rapidly across the globe that is expected to increase the demand for acute care treatment.
Global Hospital Bed Market, Regional Analysis:
With the outbreak of the COVID-19 pandemic, the demand for hospitals across the globe is growing at an exponential rate. The pandemic has affected more than 200 countries. Developed countries such as the US, France, Germany, Spain, and Italy, which have standard healthcare infrastructure has experienced the worst hit with high infection and mortality rates. The North America region is expected to grow at a XX% rate of CAGR in the global market. The growth in the market is attributed to the availability of highly advanced healthcare facilities, along with increased healthcare expenditure in the region. Also, the presence of sophisticated hospitals like super specialty and multi-specialty hospitals in the region is expected to influence demand for hospital beds. On the other hand, the private sector and corporatization of the private sector have taken off in a quite different direction in India. The current market scenario is witnessed, the measurement of investment is always done by the number of beds a hospital needs in the private sector. It remains an important factor in terms of consideration of investment quantum across the globe. With the advancement in the private sector, there has been a change in preferences of the patients. They are spending more money to get superior treatment.
Global Hospital Bed Market, Competitive Analysis:
Currently, some of the prominent key players are consistently working to enhance the patient experience and to also deliver the caregiver with the required assistance. For instance, in 2018, Hill-Rom Holdings, Inc. has presented a continuous monitoring system EarlySense for continuous monitoring of heart rate and respiratory functions. The presence of key players in the global hospital beds market is highly competitive in nature. The international and regional market players are focusing on extending their services for gaining a competitive edge. The objective of the report is to present a comprehensive analysis of the Global Hospital Bed Market including all the stakeholders of the industry. The past and current status of the industry with forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that includes market leaders, followers, and new entrants by region. PORTER, SVOR, PESTEL analysis with the potential impact of micro-economic factors by region on the market has been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear futuristic view of the industry to the decision-makers. The report also helps in understanding Global Hospital Bed Market dynamics, structure by analyzing the market segments and projects the Global Hospital Bed Market size. Clear representation of competitive analysis of key players by Application, price, financial position, Product portfolio, growth strategies, and regional presence in the Global Hospital Bed Market make the report investor’s guide.
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Global Hospital Bed Market, By Type
• Acute Care • Long-Term Care • Psychiatric and Bariatric Care • Others (Maternity and Rehabilitative Beds)
Global Hospital Bed Market, By Power
• Electric Beds • Semi-Electric Beds • Manual Beds
Global Hospital Bed Market, By End User
• Hospitals • Clinics • Ambulatory Clinics
Global Hospital Bed Market, By Region
• North America • Europe • Asia Pacific • Middle East & Africa • South America
Key players operating in Global Hospital Bed Market
• Invacare Corporation • Linet Spol. S R.O • Paramount Beds Holdings Co., Ltd. • Hill-Rom Holdings • Stryker Corporation • Joh. Stiegelmeyer GmBH & Co. KG • Gendron Inc. • Medline Industries, Inc. • Getinge AB • Joerns Healthcare LLC • ArjoHuntleigh • Span-America Medical Systems, Inc. • Malvestio S.P.A. • Merivaara Corp. • Savaria Corporation • Antano Group S.R.L. • Savion Industries Ltd. • Amico Corporation • Midmark Corporation • Besco Medical Co. Ltd.