In a recent published report, Kenneth Research has updated the market report for Hospital Bed Market for 2021 till 2030. Report further now discusses; the various strategies to be adopted or being adopted by the business players across the globe at various levels in the value chain. In the view of the global economic slowdown, we further estimated that China, India, Japan and South Korea to recover fastest amongst all the countries in the Asian market. Germany, France, Italy, Spain to take the worst hit and this hit is expected to be regain 25% by the end of 2021- Positive Growth in the economic demand and supply.
U.S. Market recovers fast; In a release on May 4th 2021, the U.S. Bureau and Economic Analsysis and U.S. Census Bureau mentions the recovery in the U.S. International trade in March 2021. Exports in the country reached $200 billion, up by $12.4 billion in Feb 2021. Following the continuous incremental trend, imports tallied at $274.5 billion, picked up by $16.4 billion in Feb 2021. However, as COVID19 still haunts the economies across the globe, year-over-year (y-o-y) avergae exports in the U.S. declined by $7.0 billion from March 2020 till March 2021 whilest imports increased by $20.7 billion during the same time. This definitely shows how the market is trying to recover back and this will have a direct impact on the Healthcare/ICT/Chemical industries, creating a huge demand for Hospital Bed Market products.
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According to a report by the World Health Organization (WHO), the total health spending is growing with an annual average rate of 6% in the low- and middle-income nations, and close to 4% in the high-income countries. Further, in the year 2016, the expenditure made on health reached close to 10% of the GDP of the world and crossed a value of USD 7 trillion.
Global Hospital Bed Market is estimated to reach $7,271 million by 2024; growing at a CAGR of 4.5% from 2016 to 2024 A hospital bed is essential for patients as it provide services such as comfort, safety, relief, and flexibility during recovery or operation period. Customizable features of these beds aids in maximizing the comfort of patients. Electric bed, semi electric bed and manual are the different types of hospital beds available in the market. These beds can also be adjusted according to need of the patients such as size, comfort, and safety. There is an increased demand for these beds for home care, especially for bedridden or geriatric patients.
Rapid increase in population, rising chronic diseases, expanding hospital budgets, and focus on improving patient’s experiences are some of the aspects boosting the growth of the global hospital bed market. Though, high costs could hamper the adoption among end-users. Furthermore, innovations in hospital beds could provide future scope for the market in the coming years.
The global hospital bed market has been bifurcated into type of treatment, power type, application, and geography. By type of treatment, the market is categorized into long-term care beds, acute care beds, critical care beds, and others. Furthermore, power type is categorized into manual, electric and semi-electric. Application segment is bifurcated into birthing beds, general purpose bed, bariatric beds, pressure relief beds, pediatric beds, and others.
By geography, the market has been bifurcated into North America, Europe, Asia-Pacific, and Rest of the World (RoW). The U.S., Canada, and Mexico are covered under North America wherein Europe covers UK, Germany, France, and others. Asia-Pacific covers China, Japan, India, and others. RoW covers South America, Middle East, and Africa.
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Key players operating in the global hospital bed market are Savion Industries Ltd, Paramount Bed Co. Ltd., Getinge Group, Gendron, Inc., Hill-Rom Holdings, Inc., Stiegelmeyer GmbH & Co. KG, LINET spol. s r.o., Span-America Medical Systems, Inc., Stryker Corporation, and Invacare Corporation, among others.
The key takeaways from the report:
The report will provide a detailed analysis of Global Hospital Bed Market with respect to major segments such as type of treatment, power type, and application. The report will include the qualitative and quantitative analysis with market estimation over 2015-2024 and compound annual growth rate (CAGR) between 2016 and 2024. Comprehensive analysis of market dynamics including factors and opportunities will be provided in the report. An exhaustive regional analysis of Global Hospital Bed Market from 2015 to 2024 has been included in the report. Profile of the key players in the Global Hospital Bed Market will be provided, which include key financials, product & services, new developments and business strategies.
Scope of the Global Hospital Bed Market:
Type of Treatment Segments
Long-Term Care Beds
Acute Care Beds
Critical Care Beds
Other Treatment Types
Power Type Segments
Manual
Electric
Semi-Electric
Application Segments
Birthing Beds
General Purpose Bed
Bariatric Beds
Pressure Relief Beds
Pediatric Beds
Other Beds
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Geography Segments
North America
U.S.
Canada
Mexico
Europe
UK
Germany
France
Others
Asia-Pacific
China
Japan
India
Others
RoW
South America
Middle East
Africa
About Kenneth Research
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