About Hospital Beds
In hospitals, the bed is considered as one of the most essential equipment as most of the patient is not in the mobile condition to receive the treatment. Increasing adoption of a private hospital for better treatment leads to an increasing number of hospital beds in private hospitals. An increasing population suffering from chronic care patients and increasing popularity for home care are the factors that have been supplementing the overall growth of the market. However, decreasing number of beds in government hospitals and continuously fluctuation in the prices of raw material have been limiting the growth of the market
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Billion) |
CAGR | 5.9% |
The companies are exploring the market by adopting mergers & acquisitions, expansions, investments, new service launches and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions to avail a competitive advantage through combined synergies.The Players having a strong hold in the market are Stryker Corporation, Hill-Rom Holding, Inc., Getinge Group, Invacare Corporation, Hill-Rom. Analyst at AMA Research estimates that United States and European Players will contribute the maximum growth to Global Hospital 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.
Stryker Corporation (United States), Hill-Rom Holding, Inc. (United States), Getinge Group (Sweden), Invacare Corporation (United States), Paramount Bed (Japan), Hill-Rom (United States), Linet Group (Czech Republic), Stiegelmeyer (Germany) and France Bed (France) are some of the key players that are part of study coverage. Additionally, the Players which are also part of the research coverage are Merivaara (Finland), Bazhou Greatwall (China) and Others.
Segmentation Overview
AMA Research has segmented the market of Global Hospital Beds market by Type (Electric Beds, Semi-Electric Beds and Manual Beds), Application (Intensive Care and Non-Intensive Care) and Region.
On the basis of geography, the market of Hospital 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 Material , the sub-segment i.e. ABS Beds will boost the Hospital Beds market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by End Use, the sub-segment i.e. Acute Care will boost the Hospital Beds market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by End User, the sub-segment i.e. Hospitals will boost the Hospital Beds market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Increasing Popularity for Home Care
Market Growth Drivers:
Increasing Demand for Hospital Beds from Private Hospitals and Increasing Population Suffering from Chronic Care Patients
Challenges:
Continuously Fluctuation in the Prices of Raw Material
Restraints:
Decreasing Number of Beds in Government Hospitals and Intense Competition among Established Key Players
Opportunities:
Increasing Government Investment for Developing Healthcare Infrastructure and Increasing Technological Advancement in ICU Beds
Market Leaders and their expansionary development strategies
In March 2019, Stryker has announced its competition of acquisition. Stryker had acquired OrthoSpace, Ltd in approximately 110 million. “The acquisition of OrthoSpace is highly complementary to our existing portfolio and aligns with Stryker’s focus on investing in sports medicine,” said by Stryker’s Group President
In October 2018, MGM Healthcare has announced its launch of a new chain of hospitals. Where the company will launch more than 400 hospital beds.
Key Target Audience
Hospital Bed Manufacturers, Raw Material Suppliers, Suppliers and Distributors, Private Research Organizations, Government Associations and Agencies, Potential Investors and Others
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.