Immersive Technology to guide the growth of Hospital Beds Market

The Hospital Beds Market taught to grow sporadically shortly. With improvement in machine-powered analytics, the healthcare vertical is bound to substantiate therein. Machine learning does make caregivers able of putting data to use, thereby enhancing patients’ outcomes along with overall efficiency. This would be the trend in the healthcare vertical going forward.

According to a new market report published by Persistence Market Research “Global Market Study on Hospital Beds: Asia to Witness Highest Growth by 2020”, the global hospital beds market was valued at USD 5,254.2 million in 2014 and is expected to expand at a CAGR of 4.2% from 2014 to 2020, to reach an estimated value of USD 6,731.8 million by 2020.

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Hospital beds refer to medical equipment used to provide care to patients during their hospitalization. Special features of hospital beds, such as adjustable heights of the bed and side rails controlled by electronic buttons, make them caretaker friendly and help provide better comfort to patients. Hospital beds can be classified on the basis of usage, power, and treatment.

Globally, the hospital beds market is witnessing significant growth due to increasing prevalence of chronic diseases and increasing aging population. Moreover, increasing healthcare expenditure and technological advancements in this field are driving the market. However, high costs of advanced hospital beds restrain the hospital beds market. Similarly, decreasing demand for general hospital beds in developed countries is a major concern for the market.

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Some of the major players in the hospital beds market:

Hill-Rom Holdings, Inc.
Stryker, Paramount Bed Co. Ltd.
ArjoHuntleigh.
Invacare Corporation.
Medline Industries, Inc.
LINET spol. s r.o.
Other

Europe has the largest market for hospital beds. This is mainly due to increasing prevalence of chronic diseases and rising healthcare spending in the region. The European market for hospital beds was estimated at USD 1,643.2 million in 2014 and is expected to reach USD 2,010.2 million in 2020, expanding at a CAGR of 3.4%.

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The Asian market for hospital beds is expected to increase at a significant rate due to large population base, growing hospital infrastructure, and improving reimbursement scenario in the region. On the basis of power, manual beds account for the largest and fastest growing segment. On the basis of treatment, acute care beds account for the largest segment, while critical care beds account for the fastest growing segment in the global hospital beds market.

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The hospital beds market is segmented as follows:

By Usage

General purpose beds
Birthing beds
Pediatric beds
Bariatric beds
Pressure relief beds

By Power

Electric beds
Semi-Electric beds
Manual beds

By Treatment

Critical care beds
Acute care beds
Long-term care beds

Related Reports:

Emergency Hospital Beds Market - https://www.persistencemarketresearch.com/market-research/emergency-hospital-beds.asp

Hospital Acquired Pneumonia Prevention Market - https://www.persistencemarketresearch.com/market-research/hospital-acquired-pneumonia-prevention-market.asp

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This release was published on openPR.