Hospital Beds Market: Segment Snapshot and Table of Content (2020)

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.

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. As a result, the market is expected to grow at a CAGR of 4.2% during 2014 – 2020.

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%. 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 global Hospital Beds Market is segmented on the basis of power used, usage, treatment and region.

The global market for hospital beds can be classified into the power used for facilitating bed movements, the usage of the beds and the treatment incorporated with such beds. By usage, pressure relief beds, general purpose beds, birthing beds, bariatric beds and pediatric beds are the prominent uses of hospital beds. Among these, general purpose beds segment is likely to be the largest and fastest0growing segment in terms of usage. With respect to the power, hospital beds are either manual (no power), electric or semi-electric; with manual beds being the predominant largest segment. In terms of treatments associated with specific beds, the global hospital beds market is also segmented into long-term care, acute care and critical care treatments. Acute care treatments are projected to account for largest share as a treatment-based segment in the global market for hospital beds.

Among the key regions such as North America, Asia, Europe and the Rest of the World (RoW), Europe is slated to dominate the global hospitals bed market throughout the forecast period. Increasing healthcare expenditure in Europe’s medical industry has fomented consumers and healthcare organizations towards buying advanced and relatively expensive hospital beds. By 2020, Europe’s hospital beds market value will rise to US$ 2,010.2 million from US$ 1,643.2 million, which was recorded in 2014, exhibiting a steady CAGR of 3.4%. Asia is also emerging, but at a rampant pace compared to Europe, primarily due to the vast expanse of its aging and geriatric patient demographics. Increasing amount of long-term healthcare facilities availed in North America are, thus, promoting its presence in the global hospital beds market.

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Summary of Table of Content

Chapter 1 Preface
Chapter 2 Market Synopsis
Chapter 3 Porter’s Five Forces Analysis
Chapter 4 Market Overview
Chapter 5 Global Market Size and Forecast
Chapter 6 Market Size and Forecast, by Usage
Chapter 7 Market Size and Forecast, by Power
Chapter 8 Market Size and Forecast, by Treatment
Chapter 9 Market Size and Forecast, by Geography
Chapter 10 Competitive Scenario
Chapter 11 Company Profiles

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