Global Market Study on Acute Care Hospital Beds and Stretchers: Surgical Beds to Remain Leading Product Type in Terms of Revenue Through 2026


Acute Care Hospital Beds And Stretchers  Market
  • Published On : Aug-2018 |
  • Pages : 209 Pages |
  • Format :

Report Description

This Persistence Market Research (PMR) report examines the global acute care hospital beds and stretchers market for the period 2013–2026. The primary objective of the report is to offer insights into market opportunities for acute care hospital beds and stretchers and developments in the acute care hospital beds and stretchers market.

The global acute care hospital beds and stretchers market has witnessed a paradigm shift from manual to automate beds and stretchers. There is an upsurge in adoption of automated durable medical equipment (DME). The inclination of hospitals towards automation is due to increasing per capita healthcare spending, developing infrastructure, and comfort for patients as well as nurses/doctors. Addition to this, growing elderly population, rise in the number of hospital admissions, and increasing accidents have led to high demand for hospital beds and stretchers among end users. The number of hospital admissions for elective and emergency care has apparently increased in the Asian countries from 2013 to till date. Besides, there are numerous patients suffering from different types of diseases, which eventually leads to hospital admissions. Moreover, according to the World Bank, about 1.25 million people get injured in road accidents each year. The global cost of road traffic injuries is estimated to be US$ 518 billion each year, which creates high demand for hospital beds and stretchers.

The Global Acute Care Hospital Beds and Stretchers Market has been Segmented Based on:

  • Product Type
  • End Users
  • Regions

The report analyzes the global acute care hospital beds and stretchers market in terms of value (US$ Mn). The report begins with the market definition and explaining different types and causes of peripheral artery disease and use of peripheral stents, and highlighting self-expanding peripheral stents. This section also explains the prevalence of peripheral artery disease across key regions. The market view point section includes FMI’s analysis on key trends, drivers, opportunities, trends and macro factors influencing the global acute care hospital beds and stretchers market. Opportunity analysis provided in the section allows clients to better equip with crystal clear decision-making insights.

The report analyzes the acute care hospital beds and stretchers market based on regions and presents the forecast in terms of value (US$ Mn) for the next 10 years. The regions covered in the report include:

  • North America
  • Latin America
  • Europe
  • Asia Pacific
  • The Middle East and Africa (MEA)

Each of the sections analyze the regional market by product type, end user and region. The regional introductory section provides key insights on market dynamics for each region. The section is mainly designed to provide current scenario of the acute care hospital beds and stretchers market and forecast for 2018–2028. The representative market participants section gives the list of companies operating in each region, competitive landscape and intensity map of their presence in each region.

To arrive at the market size, we have used our in-house installed base data-based model to estimate the acute care hospital beds and stretchers market size. We have adopted bottom-up approach to forecast the acute care hospital beds and stretchers market. Weighted average selling price is considered to estimate the market size of various product types mentioned in the scope of the report. The country price is captured with the local currency. The local currency figures are then converted to USD to offer forecasts in a consistent currency standard. Furthermore, FMI has also considered the latest annual exchange rate to reflect the impact of the most recent economic conditions of a country. Prices considered in the models are standardized based on the average of various product type.

The forecast presented in the report provides total revenue of the currently available acute care hospital beds and stretchers over 2018–2028. In addition, we have taken into consideration the year-on-year growth to understand the predictability of the market and to identify the right growth opportunities in the global market.

In the next section of the report, the ‘Competitive Landscape’ is included to provide report audiences with a dashboard view and to access the key differentiators among the competitor firms. The market structure analysis provides tier-wise breakdown of the total market revenue. The section also provides company share analysis and brand share analysis for the key market players. This section is primarily designed to provide clients with an objective and detailed comparative assessment of product offerings and strategies of key providers specific to the market segments. Detailed profiles of players operating in the global acute care hospital beds and stretchers market are also provided in the report, which highlight company description, overview, product/segment overview, SWOT analysis, financial information, key developments related to market and strategic overview.

The next section of report analyzes the acute care hospital beds and stretchers market based on product types and presents the forecast in terms of value for the next 10 years. The product types covered in the report include:

  • Beds
    • Surgical Beds
    • Maternity Bed
    • Critical Care Beds
    • Bariatric Beds
  • Stretchers
    • Emergency and Transport Stretchers
    • Procedural Stretchers
    • Specialty Stretchers

The next section of report analyzes the acute care hospital beds and stretchers market based on end users for acute care hospital beds and stretchers products and provides forecast in terms of value for the next 10 years. The end users covered in the report include:

  • Hospitals
  • Ambulatory Surgical Centers
  • Specialty Clinics

Another key feature of this report is the analysis of the key segments in terms of absolute dollar opportunity. This is traditionally overlooked while forecasting the market. However, absolute dollar opportunity is critical for assessing the level of opportunity that a provider can look to achieve, as well as to identify potential resources from a sales and delivery perspective of the products. To understand the key growth segments, Persistence Market Research provides the ‘Attractiveness Index’ analysis, which helps to identify the real market opportunities.

Introduction

Hospital beds and stretchers are predominantly in demand in healthcare facilities across the globe. The beds and stretchers are designed in a manner that they provide patients utmost comfort and secure them from external damage in emergency situations. Moreover, the hospital beds and stretchers currently available in market are indeed designed to facilitate the healthcare professionals. Thus, a shift has been observed from manual to automated beds and stretchers, which offer comfort for the patients as well as the medical professional. The report provides market size and forecast for acute care hospital beds and stretchers. The global report on acute care hospital beds and stretchers market provides market size (US$) and opportunity assessment for acute care hospital beds and stretchers for 2018–2026 by product type and end users. The report also provides qualitative analysis in terms of market dynamics and future growth opportunities for manufacturers of acute care hospital beds and stretchers across the globe.

Market Value and Forecast

PMR estimates that the global market for acute care hospital beds and stretchers is expected to be valued at US$ 8,741.4 Mn by 2026 end, expanding at a CAGR of 4.1% over 2018–2026. The hospital beds product segment was the leading segment in the global acute care hospital beds and stretchers market with above 86.9% revenue share in 2017, and continue to dominate in 2026. By region, Asia Pacific is the most dominating region, and is expected to expand at a healthy CAGR over the forecast period of 2018–2026 in acute care hospital beds and stretchers market.

 Market Dynamics

The global acute care hospital beds and stretchers market is expected to be driven by rise in number of accidents, which consequently increase the number of hospital admissions for elective and emergency care. Besides, increase in geriatric population also creates high demand for technological advanced hospital beds and stretchers for easy arrangements, also drives the acute care hospital beds and stretchers market. Increasing number of hospitals in developing countries and high demand for maternity/birthing beds are also the key factors expected to propel the growth of the acute care hospital beds and stretchers market globally.

Additionally, growing awareness regarding early diagnosis and treatment has directed the acute care hospital beds and stretchers market to grow at a significant rate. The developing healthcare infrastructure, government initiatives and growing healthcare investment are the other factors driving the acute care hospital beds and stretchers market. Increasing out-of-pocket healthcare expenditure in both developing and developed economies has created the need for proper implementation of hospital beds and stretchers.

However, despite the efforts of governments as well as manufacturers to improve the landscape of acute care hospital beds and stretchers, lack of hospital spending in under developing nations is expected to restrict the growth of the global acute care hospital beds and stretchers market.

acute care hospital beds and stretchers market

Key Regions

The global market for acute care hospital beds and stretchers is segmented in to five key regions viz. North America, Latin America, Europe, Asia Pacific and the Middle East and Africa (MEA). Asia Pacific accounted for a leading share in 2017 in global acute care hospital beds and stretchers market, and is expected to witness rapid growth over the forecast period.

Key Players

The global market for acute care hospital beds and stretchers is dominated by the key players, contributing more than 70% of the market share. The key players operating in the global acute care hospital beds and stretchers market are Invacare Corporation, Hill-Rom Holdings Inc., Stryker Corporation, LINET, Getinge AB, and Paramount Bed Holdings Co., Ltd. Midmark Corp., and Howard Wright Limited, are some other manufacturers present in acute care hospital beds and stretchers market. Launching new products and acquisition are the key strategies adopted by the key players in the acute care hospital beds and stretchers market.

Companies Profile

  • Invacare Corporation
  • Hill-Rom Holdings Inc.
  • Stryker Corporation
  • LINET
  • Getinge AB (ArjoHuntleigh)
  • PARAMOUNT BED CO., LTD.
  • Midmark Corp
  • Howard Wright Limited
  • Others.

 

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