Global Hospital Bed Market was valued at expected to reach $7,271 Million by 2024 from $5,098 Million in 2016, growing at a CAGR of 4.5% from 2016 to 2024. In geographical segments, Asia-Pacific and Europe are expected to grow at a CAGR of 4.9% and 4.6%, respectively, over the forecast period 2016 – 2024.
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The global hospital bed market is majorly driven by growing spending on hospitals for improved patient’s safety & comfort, increasing number of patients with chronic diseases, high generic population base globally. However, high cost of these beds may hamper the growth of the market. Additionally, advanced innovations in bed and growing prevalence of dangerous diseases would provide growth opportunities for the market during forecast period 2016 – 2024.
The global hospital bed market has been bifurcated into type of treatment, power type, application, and geography. Type of treatment segment consists critical care beds, long-term care beds, acute care beds, and others. Additionally, power type consists electric, manual, and semi-electric. Application segment includes pressure relief beds, general purpose bed, birthing beds, pediatric beds, bariatric beds, and others.
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In 2016, general purpose beds dominated the application segment, followed by pediatric beds. Among by treatment type, acute care beds accounted for the largest market share and is predicted to dominate with the fastest CAGR during the forecast period 2016 – 2024. Among power type segment, manual type is anticipated to dominate the highest market share and fastest CAGR.
North America, Europe, Asia-Pacific and Rest of the World (RoW) are the major regions covered in the report. In 2016, Asia-Pacific accounted the largest market share, with 35.4%, and is estimated to attain fastest CAGR during the forecast period, owing to developing healthcare infrastructure, increasing manufacturing of hospital beds, and presence of largest aged population base. Europe accounted the second largest market share with 26% in 2016.
Major players operating in the global hospital bed market comprise Savion Industries Ltd, Paramount Bed Co. Ltd., LINET spol. s r.o., Span-America Medical Systems, Hill-Rom Holdings, Inc., Gendron, Inc., Inc., Getinge Group, Stryker Corporation, Stiegelmeyer GmbH & Co. KG, and Invacare Corporation, among others.
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Scope of the Global Hospital Bed Market
Application Segments
• General Purpose Bed
• Pressure Relief Beds
• Birthing Beds
• Bariatric Beds
• Pediatric Beds
• Other Beds
Type of Treatment Segments
• Long-Term Care Beds
• Critical Care Beds
• Acute Care Beds
• Other Treatment Type Beds
Power Type Segments
• Manual
• Electric
• Semi-Electric
Geography Segments
• North America
o U.S.
o Canada
o Mexico
• Europe
o UK
o Germany
o France
o Others
• Asia Pacific
o China
o Japan
o India
o Others
• RoW
o South America
o Middle East
o Africa
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