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(Hosting-NewsWire.com, February 13, 2018 ) Global hospital beds market is growing at a stable pace and is expected to reach USD 4,824.2 million by 2023 from USD 2,515.1 million in 2016 at a CAGR of 5.5% during the forecasted period 2017-2023.
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Key Players in the Global Hospital Beds Market:
Some of the key players in this market: Hill-Rom Holdings, Stryker Corporation, Linet spol. s r.o., Invacare Corporation, Paramount Bed Holdings Co., Ltd., Gendron Inc., and Getinge AB.
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Hospital beds are specially designed for hospitalized patients who are in need of some form of health care services. Different types of hospital beds are available in the market such as advanced electric and semi electric beds. Increasing prevalence of diseases, rising geriatric population, and increasing number of hospitals & clinics drive the growth of the market. According to the WHO, the number of people aged over 65 was approximately 524 million in 2010, which will reach 1.5 billion by 2050. Furthermore, increasing healthcare spending have fuelled the market growth. However, high cost of the advanced hospitals beds such as electric and semi-electric beds may slow the growth of the market during the forecasted period.
The global hospital beds market is majorly segmented on the basis of type, power, end users, and regions. On the basis of types, the global hospital beds market is segmented into acute care, long-term care, psychiatric & bariatric care, and others (maternity and rehabilitation beds). Based on the power, the market is segmented into electric bed, semi-electric bed, and manual bed.
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Global hospital beds market is segmented into four regions: the Americas, Europe, Asia Pacific, and the Middle East & Africa.
Europe holes the largest share of the global hospital beds market due to increasing government support and high healthcare spending. Moreover, continuous technological development and the growing presence of the global market leaders contribute to the market growth. The Americas is the second largest market due to strong economic conditions, huge geriatric population, and well-developed healthcare sector. Moreover, improving reimbursement policies is expected to fuel the growth of this market.
• Hospital beds manufacturers
• Hospitals & Clinics
• Academic research institutes
• Market research and consulting service providers
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