Electrical Hospital Beds Market Growth, Market Insights and Forecast to 2025
Posted by rekha on December 16th, 2019
“The Global Electrical Hospital Beds Market was valued around US$ 5243 Mn by 2018 and growing at a significant CAGR of 4.8% over next seven years 2019-2025 due to increase in the number of electrical hospital beds coupled with the focus on product improvement”
The global electrical hospital beds market accounted for US$ 5243 Mn in 2018 and burgeoning over the forthcoming years. Some of the key factors favoring thе market growth include increasing aging population, growing number of electrical hospital beds coupled with the focus on product improvement, rising prevalence of chronic diseases, increasing number of hospitalization cases, growing investments for advancement of healthcare sector and rising middle class population. Also, rising consumer preference towards highly enabled and efficiently equipped hospitals is the other key factor responsible for the growth of the market. However, high costs of hospital beds are hindering the market growth.
Global electrical hospital beds market segmented on the basis of treatment, type, application, end user and region.
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Bariatric Dominate the Global Electrical Hospital Beds Market
Based on application, global electrical hospital beds market segmented into bariatric, delivery/birthing, general purpose, intensive care, pediatric, pressure relief, psychiatric care and others.Bariatric held considerable market share during forecast period. For larger patients, a bariatric profiling bed may offer more comfort. A bariatric bed is specifically designed with a heavy-duty, extra wide bed frame. There are a few different styles of bariatric hospital beds for quality home care.The hospital beds are built to bear the capacity that is needed for those who are obese, and to help prevent injuries or bedsores.
Asia Pacific Leads the Global Electrical Hospital Beds market
PBI’s global Electrical Hospital Beds market report analyses the market in different regions such as North America, Europe, Asia Pacific, Latin America, and Middle East and Africa. According to regional analysis.Asia Pacific accounted for larger revenue share in global electrical hospital beds market with considerable CAGR. The growth of the market in the region can be attributed to increasing occurrences of chronic diseases, refining healthcare infrastructure, expanding geriatric population and escalating medical tourism. In addition, Europe held considerable market share during estimated period owing to chronic and lifestyle associated diseases, developing healthcare infrastructure and increasing geriatric population. North America accounted steady growth during predicted period owing to rising number of product launches and the presence of healthcare facilities.
Launch of newer products, frequent product approvals, patent filings, and strategic alliances are the key strategies adopted by market players
Global Electrical Hospital Beds market further reveals that the key players increasingly adopting strategies such as launch of newer products, frequent product approvals, and long term alliance to improve market revenue share and gaining significant geographic presence across the region.
Key player’s profiles in the report are Stryker Corporation (U.S.), Span America Medical System Inc. (U.S.), Paramount Bed Holding Co.Ltd. (Japan), Midmark Corporation (U.S.), Merivaara Corporation (Finland), Medline Industries Inc. (U.S.), Malvestio Spa (Italy), Linet spol.s.r.o. (Czech Republic), Invacare Corporation (U.S.), Hill Room Holding (U.S.), Getinge AB (Sweden), Gendron Inc. (U.S.), Famed Zywiec Sp.zo.o. (Poland) ArjoHuntleigh (Sweden) and Amico Group of Companies (Canada).
Precision Business Insights (PBI) in its report titled “Global Electrical Hospital Beds Market: Market Estimation, Dynamics, Regional Share, Trends, Competitor Analysis 2014-2018 and Forecast 2019-2025” assesses the market performance over seven years forecast period over 2019-2025. The report analyses the market value forecast and provides the strategic insights into the market driving factors, challenges that are hindering the market revenue growth over forecast period. Moreover, the report also includes the total revenue and volume for the market.
o Long Term Care
o Critical Care
o Acute Care
o Fully Automatic
o General Purpose
o Intensive Care
o Pressure Relief
o Psychiatric Care
o Home Care
o Hospitals and Clinics
o Reproductive Care Centers
o North America
o Latin America
o Middle East and Africa (MEA)
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About the Authorrekha
Joined: July 26th, 2019
Articles Posted: 219
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