1 Report Prologue
2 Market Introduction
2.1 Scope of Study 14
2.2 Research Objective 14
2.3 Assumptions & Limitations 15
2.3.1 Assumptions 15
2.3.2 Limitations 15
2.4 Market Structure 15
3 Research Methodology
3.1 Research Process 16
3.2 Primary Research 17
3.3 Secondary Research 17
3.4 Market Size Estimation 17
3.5 Forecast Model 18
4 Market Dynamics
4.1 Drivers 20
4.1.1 Increasing prevalence of chronic diseases 20
4.1.2 Increasing number of hospital and ambulatory services 20
4.1.3 Increasing geriatric population 21
4.1.4 Increasing number of medical emergencies 21
4.2 Restrains 22
4.2.1 High cost of the advanced beds 22
4.3 Opportunities 22
4.3.1 Advancement in technology 22
4.4 Mega trends 22
4.4.1 Increasing adoption of the automatic beds 22
4.5 Macroeconomic indicators 23
5 Market Factor Analysis
5.1 Value Chain Analysis 24
5.1.1 Engagement and Designing 24
5.1.2 Manufacturing 25
5.1.3 Distribution & Sales 25
5.1.4 Post-sales Follow-ups 25
5.2 Porters Five Forces Model 26
5.2.1 Bargaining Power of Suppliers 27
5.2.2 Bargaining Power of Buyers 27
5.2.3 Threat of New Entrants 27
5.2.4 Threat of Substitutes 27
5.2.5 Intensity of Rivalry 27
5.3 Pricing Analysis 28
5.4 Reimbursements 29
6 Hospital Beds Market, By Type
6.1 Introduction 30
6.2 Acute Care 32
6.3 Long-Term Care 33
6.4 Psychiatric and Bariatric Care 33
6.5 Others (Maternity and Rehabitative beds) 34
7 Hospital Beds Market, By Power
7.1 Introduction 35
7.2 Electric Beds 36
7.3 Semi-Electric Beds 37
7.4 Manual Beds 38
8 Hospital Beds Market, by End User
8.1 Introduction 39
8.2 Hospitals 40
8.3 Clinics 41
8.4 Ambulatory Clinics 42
9 Global Hospital Beds Market, by Region
9.1 Introduction 43
9.2 Europe 45
Hospital Beds Market, By Type
Hospital Beds Market, By Power
Hospital Beds Market, by End User
9.2.1 Western Europe 47
Hospital Beds Market, By Type
Hospital Beds Market, By Power
Hospital Beds Market, by End User
9.2.1.1 Germany 49
Hospital Beds Market, By Type
Hospital Beds Market, By Power
Hospital Beds Market, by End User
9.2.1.2 France 50
Hospital Beds Market, By Type
Hospital Beds Market, By Power
Hospital Beds Market, by End User
9.2.1.3 UK 52
Hospital Beds Market, By Type
Hospital Beds Market, By Power
Hospital Beds Market, by End User
9.2.1.4 Italy 53
Hospital Beds Market, By Type
Hospital Beds Market, By Power
Hospital Beds Market, by End User
9.2.1.5 Spain 55
Hospital Beds Market, By Type
Hospital Beds Market, By Power
Hospital Beds Market, by End User
9.2.1.6 Rest of Western Europe 56
Hospital Beds Market, By Type
Hospital Beds Market, By Power
Hospital Beds Market, by End User
9.2.2 Eastern Europe 58
Hospital Beds Market, By Type
Hospital Beds Market, By Power
Hospital Beds Market, by End User
9.3 Americas 60
Hospital Beds Market, By Type
Hospital Beds Market, By Power
Hospital Beds Market, by End User
9.3.1 North America 62
Hospital Beds Market, By Type
Hospital Beds Market, By Power
Hospital Beds Market, by End User
9.3.1.1 US 64
Hospital Beds Market, By Type
Hospital Beds Market, By Power
Hospital Beds Market, by End User
9.3.1.2 Canada 65
Hospital Beds Market, By Type
Hospital Beds Market, By Power
Hospital Beds Market, by End User
9.3.2 South America 67
Hospital Beds Market, By Type
Hospital Beds Market, By Power
Hospital Beds Market, by End User
9.4 Asia Pacific 69
Hospital Beds Market, By Type
Hospital Beds Market, By Power
Hospital Beds Market, by End User
9.4.1 Japan 71
Hospital Beds Market, By Type
Hospital Beds Market, By Power
Hospital Beds Market, by End User
9.4.2 China 73
Hospital Beds Market, By Type
Hospital Beds Market, By Power
Hospital Beds Market, by End User
9.4.3 India 74
Hospital Beds Market, By Type
Hospital Beds Market, By Power
Hospital Beds Market, by End User
9.4.4 Republic of Korea 76
Hospital Beds Market, By Type
Hospital Beds Market, By Power
Hospital Beds Market, by End User
9.4.5 Australia 77
Hospital Beds Market, By Type
Hospital Beds Market, By Power
Hospital Beds Market, by End User
9.4.6 Rest of Asia Pacific 79
Hospital Beds Market, By Type
Hospital Beds Market, By Power
Hospital Beds Market, by End User
9.5 The Middle East & Africa 81
Hospital Beds Market, By Type
Hospital Beds Market, By Power
Hospital Beds Market, by End User
9.5.1 Middle East 83
Hospital Beds Market, By Type
Hospital Beds Market, By Power
Hospital Beds Market, by End User
9.5.2 Africa 84
Hospital Beds Market, By Type
Hospital Beds Market, By Power
Hospital Beds Market, by End User
10 Company Landscape
10.1 Introduction 86
10.2 Company Share Analysis 86
10.3 Key Developments 87
11 Company Profile
11.1 Invacare Corporation 89
11.1.1 Company Overview 89
11.1.2 Product/Business Segment Overview 89
11.1.3 Financial Overview 90
11.1.4 Key Development 91
11.1.5 SWOT Analysis 92
11.2 Linet spol. s r.o. 93
11.2.1 Company Overview 93
11.2.2 Product/Business Segment Overview 93
11.2.3 Financial Overview 94
11.2.4 Key Development 95
11.2.5 SWOT Analysis 96
11.3 Paramount Beds Holdings Co., Ltd. 97
11.3.1 Company Overview 97
11.3.2 Product/Business Segment Overview 97
11.3.3 Financial Overview 98
11.3.4 Key Development 99
11.3.5 SWOT Analysis 100
11.4 Hill-Rom Holdings 101
11.4.1 Company Overview 101
11.4.2 Product/Business Segment Overview 101
11.4.3 Financial Overview 102
11.4.4 Key Development 103
11.4.5 SWOT Analysis 104
11.5 Stryker Corporation 105
11.5.1 Company Overview 105
11.5.2 Product overview 105
11.5.3 Financials 106
11.5.4 Key Developments 107
11.5.5 SWOT Analysis 108
11.6 Gendron Inc. 109
11.6.1 Company Overview 109
11.6.2 Product/Business Segment Overview 109
11.6.3 Financial Overview 109
11.6.4 Key Development 109
11.6.5 SWOT Analysis 110
11.7 Getinge AB 111
11.7.1 Company Overview 111
11.7.2 Product/Business Segment Overview 111
11.7.3 Financial Overview 111
11.7.4 Key Development 113
11.7.5 SWOT Analysis 113
12 MRFR Conclusion
12.1 Key Findings 114
12.1.1 From CEO’s View Point 114
12.1.2 Unmet Needs 114
12.2 Key companies to watch 114
12.2.1 Prediction 115
13 Appendix
13.1 Discussion Blue Print 116
14 List of Tables
TABLE 1 GLOBAL HOSPITAL BEDS MARKET, BY TYPE 31
TABLE 2 ACUTE CARE HOSPITAL BEDS MARKET, BY REGION 32
TABLE 3 LONG-TERM CARE HOSPITAL BEDS MARKET, BY REGION 33
TABLE 4 PSYCHIATRIC AND BARIATRIC CARE HOSPITAL BEDS MARKET, BY REGION 33
TABLE 5 GLOBAL HOSPITAL BEDS MARKET, BY POWER 36
TABLE 6 ELECTRIC BEDS HOSPITAL BEDS MARKET, BY REGION 36
TABLE 7 SEMI-ELECTRIC BEDS HOSPITAL BEDS MARKET, BY REGION 37
TABLE 8 MANUAL BEDS HOSPITAL BEDS MARKET, BY REGION 38
TABLE 9 GLOBAL HOSPITAL BEDS MARKET, BY END-USER 39
TABLE 10 HOSPITALS HOSPITAL BEDS MARKET, BY REGION 40
TABLE 11 CLINICS HOSPITAL BEDS MARKET, BY REGION 41
TABLE 12 AMBULATORY CLINICS HOSPITAL BEDS MARKET, BY REGION 42
TABLE 13 GLOBAL HOSPITAL BEDS MARKET, BY REGION 44
TABLE 14 EUROPE HOSPITAL BEDS MARKET, BY REGION 45
TABLE 15 EUROPE HOSPITAL BEDS MARKET, BY TYPE 46
TABLE 16 EUROPE HOSPITAL BEDS MARKET, BY POWER 46
TABLE 17 EUROPE HOSPITAL BEDS MARKET, BY END-USER 47
TABLE 18 WESTERN EUROPE HOSPITAL BEDS MARKET, BY TYPE 47
TABLE 19 WESTERN EUROPE HOSPITAL BEDS MARKET, BY POWER 48
TABLE 20 WESTERN EUROPE HOSPITAL BEDS MARKET, BY END-USER 48
TABLE 21 GERMANY HOSPITAL BEDS MARKET, BY TYPE 49
TABLE 22 GERMANY HOSPITAL BEDS MARKET, BY POWER 49
TABLE 23 GERMANY HOSPITAL BEDS MARKET, BY TYPE OF END-USER 50
TABLE 24 FRANCE HOSPITAL BEDS MARKET, BY TYPE 50
TABLE 25 FRANCE HOSPITAL BEDS MARKET, BY POWER 51
TABLE 26 FRANCE HOSPITAL BEDS MARKET, BY END-USER 51
TABLE 27 U.K. HOSPITAL BEDS MARKET, BY TYPE 52
TABLE 28 U.K. HOSPITAL BEDS MARKET, BY POWER 52
TABLE 29 U.K. HOSPITAL BEDS MARKET, BY END-USER 53
TABLE 30 ITALY HOSPITAL BEDS MARKET, BY TYPE 53
TABLE 31 ITALY HOSPITAL BEDS MARKET, BY POWER 54
TABLE 32 ITALY HOSPITAL BEDS MARKET, BY END-USER 54
TABLE 33 SPAIN HOSPITAL BEDS MARKET, BY TYPE 55
TABLE 34 SPAIN HOSPITAL BEDS MARKET, BY POWER 55
TABLE 35 SPAIN HOSPITAL BEDS MARKET, BY END-USER 56
TABLE 36 REST OF WESTERN EUROPE HOSPITAL BEDS MARKET, BY TYPE 56
TABLE 37 REST OF WESTERN EUROPE HOSPITAL BEDS MARKET, BY POWER 57
TABLE 38 REST OF WESTERN EUROPE HOSPITAL BEDS MARKET, BY END-USER 57
TABLE 39 EASTERN EUROPE HOSPITAL BEDS MARKET, BY TYPE 58
TABLE 40 EASTERN EUROPE HOSPITAL BEDS MARKET, BY POWER 58
TABLE 41 EASTERN EUROPE HOSPITAL BEDS MARKET, BY END-USER 59
TABLE 42 AMERICAS HOSPITAL BEDS MARKET, BY REGION 60
TABLE 43 AMERICAS HOSPITAL BEDS MARKET, BY TYPE 61
TABLE 44 AMERICAS HOSPITAL BEDS MARKET, BY POWER 61
TABLE 45 AMERICAS HOSPITAL BEDS MARKET, BY END-USER 62
TABLE 46 NORTH AMERICA HOSPITAL BEDS MARKET, BY TYPE 62
TABLE 47 NORTH AMERICA HOSPITAL BEDS MARKET, BY POWER 63
TABLE 48 NORTH AMERICA HOSPITAL BEDS MARKET, BY END-USER 63
TABLE 49 U.S. HOSPITAL BEDS MARKET, BY TYPE 64
TABLE 50 U.S. HOSPITAL BEDS MARKET, BY POWER 64
TABLE 51 U.S. HOSPITAL BEDS MARKET, BY END-USER 65
TABLE 52 CANADA HOSPITAL BEDS MARKET, BY TYPE 65
TABLE 53 CANADA HOSPITAL BEDS MARKET, BY POWER 66
TABLE 54 CANADA HOSPITAL BEDS MARKET, BY END-USER 66
TABLE 55 SOUTH AMERICA HOSPITAL BEDS MARKET, BY TYPE 67
TABLE 56 SOUTH AMERICA HOSPITAL BEDS MARKET, BY POWER 67
TABLE 57 SOUTH AMERICA HOSPITAL BEDS MARKET, BY END-USER 68
TABLE 58 ASIA PACIFIC HOSPITAL BEDS MARKET BY COUNTRY 69
TABLE 59 ASIA PACIFIC HOSPITAL BEDS MARKET, BY TYPE 70
TABLE 60 ASIA PACIFIC HOSPITAL BEDS MARKET, BY POWER 70
TABLE 61 ASIA PACIFIC HOSPITAL BEDS MARKET, BY END-USER 71
TABLE 62 JAPAN HOSPITAL BEDS MARKET, BY TYPE 71
TABLE 63 JAPAN HOSPITAL BEDS MARKET, BY POWER 72
TABLE 64 JAPAN HOSPITAL BEDS MARKET, BY END-USER 72
TABLE 65 CHINA HOSPITAL BEDS MARKET, BY TYPE 73
TABLE 66 CHINA HOSPITAL BEDS MARKET, BY POWER 73
TABLE 67 CHINA HOSPITAL BEDS MARKET, BY END-USER 74
TABLE 68 INDIA HOSPITAL BEDS MARKET, BY TYPE 74
TABLE 69 INDIA HOSPITAL BEDS MARKET, BY POWER 75
TABLE 70 INDIA HOSPITAL BEDS MARKET, BY TYPE OF END-USER 75
TABLE 71 REPUBLIC OF KOREA HOSPITAL BEDS MARKET, BY TYPE 76
TABLE 72 REPUBLIC OF KOREA HOSPITAL BEDS MARKET, BY POWER 76
TABLE 73 REPUBLIC OF KOREA HOSPITAL BEDS MARKET, BY END-USER 77
TABLE 74 AUSTRALIA HOSPITAL BEDS MARKET, BY TYPE 77
TABLE 75 AUSTRALIA HOSPITAL BEDS MARKET, BY POWER 78
TABLE 76 AUSTRALIA HOSPITAL BEDS MARKET, BY END-USER 78
TABLE 77 REST OF ASIA PACIFIC HOSPITAL BEDS MARKET, BY TYPE 79
TABLE 78 REST OF ASIA PACIFIC HOSPITAL BEDS MARKET, BY POWER 79
TABLE 79 REST OF ASIA PACIFIC HOSPITAL BEDS MARKET, BY END-USER 80
TABLE 80 MIDDLE EAST & AFRICA HOSPITAL BEDS MARKET BY REGION 81
TABLE 81 MIDDLE EAST & AFRICA HOSPITAL BEDS MARKET, BY TYPE 81
TABLE 82 MIDDLE EAST & AFRICA HOSPITAL BEDS MARKET, BY POWER 82
TABLE 83 MIDDLE EAST & AFRICA HOSPITAL BEDS MARKET, BY END-USER 82
TABLE 84 MIDDLE EAST HOSPITAL BEDS MARKET, BY TYPE 83
TABLE 85 MIDDLE EAST HOSPITAL BEDS MARKET, BY POWER 83
TABLE 86 MIDDLE EAST HOSPITAL BEDS MARKET, BY END-USER 84
TABLE 87 AFRICA HOSPITAL BEDS MARKET, BY TYPE 84
TABLE 88 AFRICA HOSPITAL BEDS MARKET, BY POWER 85
TABLE 89 AFRICA HOSPITAL BEDS MARKET, BY END-USER 85
TABLE 90 INVACARE CORPORATION: KEY DEVELOPMENT 91
TABLE 91 LINET SPOL. S R.O.: KEY DEVELOPMENT 95
TABLE 92 PARAMOUNT: KEY DEVELOPMENT 99
TABLE 93 HILL-ROM HOLDINGS: KEY DEVELOPMEN 103
TABLE 94 GENDRON INC.: KEY DEVELOPMENT 109
TABLE 95 GETINGE AB: KEY DEVELOPMENT 113
 
15 List of Figures
FIGURE 1 GLOBAL HOSPITAL BEDS MARKET SHARE, BY TYPE 2020 (%) 11
FIGURE 2 GLOBAL HOSPITAL BEDS MARKET SHARE, BY POWER 2020 (%) 12
FIGURE 3 GLOBAL HOSPITAL BEDS MARKET SHARE, BY END USER 2020 (%) 12
FIGURE 4 GLOBAL HOSPITAL BEDS MARKET SHARE, BY REGION 2020 (%) 13
FIGURE 5 GLOBAL HOSPITAL BEDS MARKET: MARKET STRUCTURE 15
FIGURE 6 RESEARCH PROCESS 16
FIGURE 7 GLOBAL HOSPITAL BEDS MARKET: FORECAST MODEL 18
FIGURE 8 DRIVERS & RESTRAINTS IMPACT ANALYSIS: GLOBAL HOSPITAL BEDS MARKET 19
FIGURE 9 VALUE CHAIN: HOSPITAL BEDS MARKET 24
FIGURE 10 PORTERS FIVE FORCES MODEL : HOSPITAL BEDS MARKET 26
FIGURE 11 GLOBAL HOSPITAL BEDS MARKET, BY TYPE (MILLION USD) (2020 & 2027) 30
FIGURE 12 GLOBAL HOSPITAL BEDS MARKET, BY POWER (MILLION USD) (2020 & 2027) 35
FIGURE 13 GLOBAL HOSPITAL BEDS MARKET, BY END-USER (MILLION USD) (2020 & 2027) 39
FIGURE 14 GLOBAL HOSPITAL BEDS MARKET, BY REGION (MILLION USD) (2020 & 2027) 43
FIGURE 15 GLOBAL HOSPITAL BEDS MARKET COMPANY SHARE ANALYSIS, 2020 (%) 86
FIGURE 16 INVACARE CORPORATION: RECENT FINANCIALS (USD MILLION) 90
FIGURE 17 INVACARE CORPORATION: GEOGRAPHICAL MIX, 2020 (%) 90
FIGURE 18 INVACARE CORPORATION: SEGMENTAL MIX, 2020 (%) 91
FIGURE 19 INVACARE CORPORATION: SWOT ANALYSIS 92
FIGURE 20 LINET SPOL. S R.O.: RECENT FINANCIALS (USD MILLION) 94
FIGURE 21 LINET SPOL. S R.O.: SWOT ANALYSIS 96
FIGURE 22 PARAMOUNT: RECENT FINANCIALS (USD MILLION) 98
FIGURE 23 PARAMOUNT: GEOGRAPHICAL MIX, 2020 (%) 98
FIGURE 24 PARAMOUNT: SEGMENTAL MIX, 2020 (%) 99
FIGURE 25 PARAMOUNT: SWOT ANALYSIS 100
FIGURE 26 HILL-ROM HOLDINGS: RECENT FINANCIALS (USD MILLION) 102
FIGURE 27 HILL-ROM HOLDINGS: SEGMENTAL MIX, 2020 (%) 102
FIGURE 28 HILL-ROM HOLDINGS: SWOT ANALYSIS 104
FIGURE 29 STRYKER CORPORATION: RECENT FINANCIALS 106
FIGURE 30 STRYKER CORPORATION: SEGMENTAL REVENUE 106
FIGURE 31 STRYKER CORPORATION: GEOGRAPHICAL SEGMENTS 107
FIGURE 32 GENDRON INC.: SWOT ANALYSIS 110
FIGURE 33 GETINGE AB: RECENT FINANCIALS (USD MILLION) 111
FIGURE 34 GETINGE AB: SEGMENTAL MIX, 2020 (%) 112
FIGURE 35 GETINGE AB: GEOGRAPHICAL MIX, 2020 (%) 112
FIGURE 36 GETINGE AB: SWOT ANALYSIS 113
Hospital Beds Market
Hospital Beds Market size is expected to achieve USD 4,989.3 Million at a 6.6% CAGR from 2027
$4,989.3 Million
Market Size
6.6%
CAGR
North America
Dominating Region
2020-2027
Forecast Period
Segmentation
Key Players
- Hill-Rom Holdings
- Stryker Corporation
- Linet spol. s r.o.
- Invacare Corporation
- Paramount Bed Holdings Co.
- Gendron Inc.
- Getinge AB
Drivers
- Increasing Prevalence Of Chronic Diseases
- Increasing Number Of Hospital And Ambulatory Services
- Increasing Geriatric Population
- Increasing Number Of Medical Emergencies
Hospital Beds Market Overview
Hospital Beds Market size is continually mounting and is expected to achieve USD 4,824.2 Million at a 5.5% CAGR throughout the forecasted period by 2023. Hospital beds allow body positioning that is not feasible in a regular home bed. Hospital beds are a crucial inventory in a hospitals' ability to take in patients and treat them in the best possible manner. The rise in acute diseases is projected to transform the need to maintain a sufficient reserve of beds for patients in a mass calamity such as a natural disaster or a pandemic. Hospital beds are particularly designed for hospitalized patients who are in want of some form of health care facilities.
COVID-19 Analysis of Hospital Beds Market
A high number of individuals who become diagnosed with COVID-19 may show symptoms that necessitate emergency care and receive medication at a hospital, thus creating the need for hospital beds. At the same time, other patients with COVID-19 are being admitted to hospitals for unrelated reasons but still require deterrents because of their infectious grade. Thus, the overwhelming of Intensive Care Unit (ICU) beds reserved for the most critical patients demand the highest standard level of care available, and their need has been extremely high this year. The non-ICU beds are also varying significantly on a day-to-day basis as they are only accurate when hospitals report the data. In the course of this pandemic, the US has reported a considerable shortage of beds; for instance, California reported a record number of COVID-19 as the virus continues to surge in the state, and health officials are forecasting dwindling hospital beds in the coming months. As COVID-19 cases are not demonstration any signs of peaking, hospitals throughout the world are being strained. More than half of the world's intensive care unit capacity is occupied with patients who have COVID-19, and restricted hospital capacity is estimated to represent consequences for both COVID-19 and non-COVID-19 patients, thus prompting the global hospital beds market share.
Hospital Beds Market Dynamics
Drivers
Increasing Prevalence Of Chronic Diseases
The surge in chronic diseases such as cancer and other life-threatening ailments is predicted to spur the hospital beds market growth in the coming period.
Increasing Number Of Hospital And Ambulatory Services
The enhancement in ambulatory systems and hospitals is predicted to create an optimistic outlook for the medical beds market size in the forthcoming period.
Increasing Geriatric Population
The rise in hospitalization of the elderly who suffer from serious ailments are projected to add to the development of the overall hospital beds market.
Increasing Number Of Medical Emergencies
The surge in emergency hospital visits due to better insurance coverage and higher disposable income less than before will impel the hospital bed market.
Restrains
High Cost Of The Advanced Beds
The high procurement costs related to advanced beds are projected to hold back the market size's electrical hospital beds in the approaching period.
Opportunities
Advancement In Technology
The speedy development in healthcare technology, intensifying healthcare spending, and mounting resources for research & development are fueling the hospital beds market growth.
Hospital Beds Market Segment Overview
By Type
The Acute care bed segment is credited for a significant portion of 58.7% in the worldwide hospital beds market in the duration of the forecast period.
By Power
The advantages of Electric Beds are anticipated to lead them to become the leading segment based on type in the forecast period.
By End-User
The hospital segment is estimated to emerge at the top of the segment in the hospital beds market forecast period.
Hospital Beds Market Regional Analysis
European Region To Exhibit Robust Control On Global Hospital Beds Market
The European regional market controls the global market owing to elevated healthcare expenditure, promising reimbursement strategies, a sophisticated healthcare sector, and intensifying government backing. The European regional market is anticipated to flourish at a CAGR of 5.5% throughout the forecast period, with the hospital bed manufacturers UK playing a critical role.
Geriatric Population To Spur Americas Regional Hospital Beds Market
The Americas influences the subsequent regional market share, which is shadowed by the regional market in the Asia Pacific. The sophisticated healthcare structure, enormous geriatric inhabitants, and growing financing in research & development in healthcare have cemented way to develop the Americas hospital beds market.
Asia Pacific Region To Bank On Improved Facilities
The Asia Pacific is the fastest developing hospital bed market growing at a CAGR of 5.9% throughout the forecast period. The augmenting government backing for research & development, incidence of an enormous population base with the collective geriatric population, speedily intensifying number of hospitals, and have motivated the hospital beds market development. Furthermore, constantly improving hospitals' setup will fuel market development over the forecasted period.
Competitive Landscape Of Hospital Beds Market
The notable hospital bed companies are
- Hill-Rom Holdings,
- Stryker Corporation,
- Linet spol. s r.o.,
- Invacare Corporation,
- Paramount Bed Holdings Co., Ltd.,
- Gendron Inc.,
- Getinge AB
Recent Developments
Dec 2020 St Petersburg has reported recently running hazardously low on hospital beds for COVID-19 patients, city authorities declared, as distributions of Russia's Sputnik V vaccine began recently across the country. The Kremlin has refrained from imposing a nationwide lockdown, saying pointed measures to control the Coronavirus were sufficient, though it was recently stated that St Petersburg, Russia's next largest city, and President Vladimir Putin's home base, was near to crossing a "red line."
Dec 2020 South Korea recently stated 1,062 new cases of COVID-19 recently its third consecutive day of more than 1,000 new cases as sources in Seoul warned that hospital beds in the capital and throughout the nation are in limited supply. As per officials, only 49 intensive care beds were remaining for COVID-19 patients countrywide, with only four of them in the capital area. In Seoul, the health authorities are scheduling to secure approximately 170 more ICU beds by early January by labeling more hospitals for COVID-19 medication. The health establishments are also increasing an enormous testing program to find and separate virus carriers more rapidly.
Dec 2020 South Korea authorities are trying to develop hospital beds in shipping containers to lessen strains on medical amenities stretched by the newest coronavirus wave, which displays little sign of lessening with 682 novel cases being detected this month. The reappearance of infections has renewed concerns about a severe shortage of hospital beds, stimulating Seoul city to begin fitting container beds for the first time ever since the onset of the pandemic.
Dec 2020 The Civic body in Pune, India, is using an active bed management system that was the necessity of the hour and enlisted a private agency by recompensing them for six months. Pune Municipal Corporation (PMC) will be reserving an agency's paid services to guarantee proper bed management for COVID patients in hospitals. The PMC has a devoted cell for hospitals' bed management for those ridden by the Coronavirus.
Hospital Beds Market Report Overview
By Type
- Acute Care
- Long-Term Care
- Psychiatric and Bariatric Care
By Power
- Electric Beds
- Semi-Electric Beds
- Manual Beds
By End-User
- Hospitals
- Clinics
- Ambulatory Clinics
Report Scope:
| Report Attribute/Metric | Details |
|---|---|
| Market Size | 2023: USD 4,824.2 Million |
| CAGR | 2017-2023: 5.5% |
| Base Year | 2019 |
| Forecast Period | 2027 |
| Historical Data | 2018 |
| Forecast Units | Value (USD Million) |
| Report Coverage | Revenue Forecast, Competitive Landscape, Growth Factors, and Trends |
| Segments Covered | Type, Power, End User |
| Geographies Covered | North America, Europe, Asia-Pacific, and Rest of the World (RoW) |
| Key Vendors | Hill-Rom Holdings, Stryker Corporation, Linet spol. s r.o., Invacare Corporation, Paramount Bed Holdings Co., Ltd., Gendron Inc., Getinge AB |
| Key Market Opportunities | Advancement In Technology |
| Key Market Drivers |
|
Frequently Asked Questions (FAQ) :
The valuation was USD 2515.1 million.
The valuation would be USD 4824.2 million by 2023.
The projected CAGR is 5.5% for the forecast period (2017-2023).
The high cost of electric and semi-electric beds can deter Hospital Bed Market growth.
The acute care segment would lead to the Hospital Beds Market.
