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Hospital Bed Market by Type, Treatment, Geography – Market Size, Growth and Demand
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Based on type, the general bed segment is expected to witness the fastest growth during the forecast period. Among the treatment types, the acute care bed segment had the largest market size in the global market during 2015; however the critical care bed segment is expected to witness the fastest growth, wit at 5.1% CAGR during the period 2016 – 2022.
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However, the high price of hospital beds, such as fully electrical beds, critical care beds, surgical beds, birthing beds, and bariatric beds acts as major restraints in the growth of the market. In developing countries, such as China, India and Brazil, manual and semi-electrical beds are preferred, as compared to fully electrical beds, owing to their low price. The Asian market is expected to witness the fastest growth, at a CAGR of 5.2% during the period 2016 – 2022.
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The key companies operating in the global hospital beds market include Hill-Rom Holdings Inc., Getinge AB, Stryker Corporation, Invacare Corporation, PARAMOUNT BED CO. LTD., Gendron Inc., Medline Industries Inc., Span-America Medical Systems, Inc., Savion Industries Ltd., and Linet spol. s r.o.
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