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.
Hospital beds refer to medical equipment used by patients during hospitalization in hospitals, nursing homes, and homes. Hospital beds are equipped with wheels to facilitate easy transfer and side rails to prevent patients from falling off the beds. Moreover, special features such as adjustable heights of bed and side rails, electronic buttons, and connected electronic devices make hospital beds very convenient for caretakers and patients.
Factors such as increasing aging population, rising prevalence of chronic diseases, and growing healthcare spending are driving the global hospital beds market. However, decreasing demand for general hospital beds in developed countries and high costs of advanced hospital beds 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 was and is expected to expand at a CAGR of 4.2% to reach USD 6,731.8 million by 2020.
Europe has the largest market for hospital beds, which was estimated at USD 1,643.2 million in 2014. This is expected to reach USD 2,010.2 million by 2020, expanding at a CAGR of 3.4%. In terms of power, manual beds account for the largest segment in the hospital beds market. On the basis of treatment, acute care beds are the largest segment. In terms of usage, general purpose beds account for the largest and fastest growing segment in the hospital beds market.
Healthcare companies such as Hill-Rom Holdings, Inc., Getinge Group, and Stryker are the leading players in the global market for hospital beds. Some of the other major players in hospital beds market are Paramount Bed Co., Ltd., Invacare Corporation, and LINET spol. s r.o.
Some of the major players in the hospital beds market:
These key market players have been profiled on the basis of attributes such as company overview, recent developments, growth strategies, sustainability, and financial overview.