Europe to Dominate Hospital Beds Market until 2025
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.
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