Hospital Beds Market to Register a Growth Rate of CAGR 4.2% During the Forecast Period 2020

20/mar/2020 12:06:49 persistencemarketresearch Contatta l'autore

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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.

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.

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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.

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.

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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.

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

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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

By Geography

  • North America
    • The U.S.
  • Europe
    • Russia
    • Germany
    • The U.K.
    • France
  • Asia
    • Japan
    • China
    • India
 

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The advent of health information technology (HIT) components such as electronic health records (EHR), hospital information systems (HIS), picture archiving and communication systems (PACS), and vendor-neutral archives (VNA) has had just as transformational an impact on the overall healthcare sector as the concerns regarding security and privacy. Data theft, undue access to personal health records, and cyber-attacks are very real threats that the healthcare sector faces today.

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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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