Hospital Beds Market Covid-19 Impact Analysis, Trends and Forecasts to 2028

Posted by bhagyashree on April 28th, 2021

Hospital beds are the special type of beds that are widely used to provide more comfort as well as assistance and relief to the patient in the time of his or her hospitalization. The main features of the hospital beds are the adjustable height and side rails coupled with the operating switches for electrical equipment’s. These features make the hospital beds relatively more friendly to the patient and thus provide ambient comfort to the patients. Moreover, advancements in medical machinery such as hospital beds are dominating the traditional type of beds and are in large demands across the healthcare facilities no matter what part of the country or region it is. Special type of hospital beds is bursting with extra facilities and features that helps in supplementing the relief of the patient during the recovery periods as well as the time of operation.

Some of the major factors which are acting as the drivers in the growth of the global Hospital Beds market include mounting prevalence of chronic syndromes, increasing ageing population, growing number of hospitalization cases and technological progressions in healthcare and medical industry among others. In addition to this, improved and enhanced infrastructure of the healthcare sector coupled with increasing number of middle class population as well as rising investments in the advancements of healthcare industry are some of the major elements fueling the growth of the global hospital beds market during the forecast period. Moreover, increasing number of advanced hospitals majorly in the emerging economies such as China, India, Malaysia, Indonesia, Poland, Russia, Peru, Chile, South Africa, Saudi Arabia, Turkey etc. is expected to fuel the global demand for hospital beds in the coming years.

The global Hospital Beds Market can be categorized based on technology, product type, end-user and geography. Based on product type, the global market can be categorized into pediatrics bed, regular beds, ICU beds, respiratory beds, bariatric beds, pressure relief cots, bathing beds, homecare beds and others. Based on technology, the global market can be categorized into others and powered. Based on end-user, the global hospital beds market can be categorized into home care settings, hospitals, ambulatory setting, elderly home and others. Based on region, the global market can be categorized into North America, Latin America, Europe, Middle East & Africa and Asia-Pacific. The robust demand especially in the Asia Pacific region is predicted to be one of the key driving factors for the overall growth of the global market. Furthermore, China is further projected to account for the maximum share in the global market and is predicted to maintain its lead in the overall demand during the forecast period. This can be attributed to rapid industrialization and increasing urbanization during the past few years. The markets in various other developing economies such as Russia, Argentina, Brazil, Indonesia, New Zealand, Poland, Korea and India among others are also expected to witness a rapid growth throughout the forecast period. In addition to this, rising per capita disposable income and surge in the global economy is another key factor which is expected to bring impetus in the growth of the global market during the forecast period.

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Key players operating in the global market are focused on some of the major market strategies such as mergers, collaborations, partnerships and acquisitions in order to keep hold in the constantly competitive global market. Furthermore, they are focusing on gaining grip on the local players to brace their goodwill and to enhance their market reach in the global market. Some of the major players in the global hospital beds market include Arjo Huntleigh, Getinge Group, LINET spol. s r.o., Stryker, Hill-Rom Holdings, Inc., Paramount Bed Co. Ltd., Medline Industries, Inc. and Invacare Corporation among others.
The global hospital bed market can be segmented
By Technology:
• Pediatrics bed
• Regular beds
• ICU beds
• Respiratory beds
• Bariatric beds
• Pressure relief cots
• Bathing beds
• Homecare beds
• Others
By Product Type:
• Powered
• Others
By End-User:
• Home care settings
• Hospitals
• Ambulatory setting
• Elderly home
• Others
By Region:
• North America
• Latin America
• Europe
• Middle East & Africa
• Asia-Pacific

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