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The global Hospital Beds Market will grow at a CAGR of 5.5%
during the forecast period 2017 to 2023. The market for hospital beds is set to
reach US$4,824.2 million by 2023. As per market analysts, the global hospital
beds market is anticipated to witness growth owing to the factors such as the
surge in chronic diseases as well as increasing prevalence of chronic diseases.
However, the market will face challenges and restraints due to high cost of the
advanced beds and the high procurement costs during the forecast period 2017 to
2023.
Increasing number of hospital and ambulatory services in the
market will support the growth. As per market analysts, the market based
companies will face certain challenges during the 2017 to 2023. The hospital
beds market size research report provides in-depth analysis of the type,
end-user, and power segments. The market research report presents factors such
as the high procurement costs related to advanced beds that could slow down the
market's growth.
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Market Segmentation
The hospital beds market has been segmented into type,
end-user, and power . Based on the segment which is type, the market is
categorized on the basis of acute care, long-term care, psychiatric &
bariatric care, others. The global market for hospital beds is further
segmented based on end-user into electric, semi-electric, and manual.
Furthermore, the market, on the basis of power is segmented into hospital,
clinics, and ambulatory.
The market report offers comprehensive study of the hospital
beds market segments including type, end-user, and power. The analysts have
also studied the market's spread across the regional markets across many of the
market’s segments at country levels. The type, end-user, and power segments
spread across the market along with the subsegments are studied. The global
market for hospital beds is spread across various product and service based
segments. The market research report highlights these key segments and offers
forecasts based on primary and secondary data. The global hospital beds market
research report presents key company profiles of organizations active across
the market.
Regional Overview
The speedy development in healthcare technology may hinder
the market growth. The hospital beds market research report suggests that
companies in the market could be supported by increasing geriatric population
as well as an increasing number of medical emergencies during the forecast
period. The hospital beds market is set to register growth at a high CAGR owing
to these key factors. The market is spread across North America, Europe, Asia-Pacific,
and other parts of the world. As per market analysts, the market is set to
witness tremendous growth across type, end-user, and power segments. The global
market’s North American region covers markets across the United States, Mexico,
Canada, and others. Businesses present in the market are also profiled and
their strategies have been presented in detail in the market research report.
The hospital beds market across the European region covers
Italy, France, Germany, and the United Kingdom. Furthermore, the market
research report provides details about the APAC region covering markets from
China, India, Australia, Japan, and others. The market is also active across
several other parts of the world. The market report covers all these key regions
including the Middle East, Africa, Brazil, and others active in the global
hospital beds market.
Competitive Landscape
Hospital beds have seen tremendous growth, due to the
growing geriatric population and the sophisticated healthcare structure.
However, resources for research & development and intensifying healthcare
spending would challenge the companies active in the market. Furthermore,
companies using growth strategies to stay ahead in the global hospital beds
market are expected to help the market during the forecast period 2017 to 2023.
As the market report suggests that the hospital beds market will register a
CAGR of 5.5% and reach a US$4,824.2 million by 2023, the market report
highlights key areas market based companies need to focus on. The market
research report projects a long term growth till 2023. Based on the market’s
analysis on the basis of SWOT and Porters’ Five Force Model, the market will
rise during the forecast period 2017 to 2023, however the companies need to
move ahead with caution. The hospital beds market research report highlights
such key areas.
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Industry News
In accordance with a firm consensus reached by the groups,
Trinitas Regional Medical Center in Elizabeth N.J. will join the RWJBarnabas
Health, West Orange, N.J. In october 2019, after signing a letter of intent to
discuss a possible deal, RWJ Barnabas and Trinitas Regional 554 Bed reached a
final agreement. We plan to significantly extend its excellence for residents
of emerging cities in northern and central New Jersey. Trinitas is a key
resource for its neighbourhoods. The 15th Acute Care Hospital of the
RWJBarnabas system will be Trinitas Regional. A paediatric hospital is also
included in the scheme.
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