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.
Browse 170 market data Figures spread through 125 Pages and an in-depth TOC on "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 on type, 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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