About Homecare Beds
Homecare is a professional support service provided at a person’s home to leave safely. It helps to people who are aging, needs assistance to live independently or a disability. Homecare beds are special beds that can be adjusted at the head and foot of the bed for home use. These belts help to improve the life quality of patients and their relatives.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
CAGR | 5.12% |
The homecare bed market is on an upward trajectory, driven by an aging population and rising demand for comfortable recovery at home. This translates to a fierce competition among manufacturers. Here's a breakdown of the competitive landscape in the homecare bed Analyst at AMA Research estimates that United States Players will contribute the maximum growth to Global Homecare Beds market throughout the forecasted period. Established and emerging Players should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Hill-Rom, Inc. (United States), PARAMOUNT BED CO., LTD. (Japan), Stryker Corporation (United States), LINET (Czechia), Joh. Stiegelmeyer & Co. GmbH (United Kingdom), V. Guldmann A/S (Canada), ArjoHuntleigh (Sweden), FRANCEBED (Japan), Gendron (United States) and Invacare Corporation (United States) are some of the key players that are part of study coverage.
Segmentation Overview
AMA Research has segmented the market of Global Homecare Beds market by Type (Electric Bed, Gatch Bed, Low Beds, Low Air Lose Beds, Circo-Electric Beds and Clinitron Beds), Application (Hospital, Clinic and Home) and Region.
On the basis of geography, the market of Homecare Beds has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Operation, the sub-segment i.e. Manual will boost the Homecare Beds market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
High Demand for Electric Homecare Beds
Market Growth Drivers:
Increased Incidence of Numerous Health Disorders, Technological Innovations in the Homecare Beds and Increased Disposable Income of the People
Challenges:
Lack of Standardization
Restraints:
Cost Associated With Installation and Maintenance
Opportunities:
Growing Geriatric Population Worldwide and Rise in the Healthcare Expenditure
Market Leaders and their expansionary development strategies
On September 12, 2022 Hill-Rom Holdings and Baxter International announced a merger agreement to create a leading medical technology company. The combined company will have a significant presence in the homecare beds market. Hill-Rom Holdings and Baxter International Announce Merger Agreement
On October 25, 2022, Drive Medical, a leading manufacturer of medical equipment, launched a new line of homecare beds designed to improve patient comfort and safety. Drive Medical Launches New Line of Homecare Beds
Key Target Audience
Homecare Beds Manufacturers, Research Professionals, Emerging Companies, Raw Material Suppliers/ Buyers, Product Suppliers/ Buyers, Distributors, Government Body & Associations and End-user
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.