Hospital Beds Market 2018- 2023
The global hospital/medical beds market study presents historical market data in
terms of values (2016 and 2017), estimated current data (2018), and forecasts for
2023-by product (beds, accessories), by area of use (critical care, long-term care,
bariatric care, med-surg, homecare, pediatric, and maternal), by type of care
(curative care, rehabilitative care, long-term care), by technology (manual,
powered), by end user (hospitals, elderly care settings, homecare, and others), and
geography. The study also evaluates industry competitors and analyzes the
market at regional and country level.
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On the basis of product, beds commanded the largest share of global
hospital/medical beds market in 2017. However, accessories are expected to
witness a rapid growth during the forecast period mainly due to growing demand
for custom accessories such as extensions, side rails, and side trays.
On the basis of area of use, the critical care segment commanded the largest share
of global hospital/medical beds market in 2017. The large share is attributed to
greater hospital admissions due to chronic illness and accidental injuries, and high
dollar value of beds used in critical care. However, homecare segment is expected
to witness a rapid growth during the forecast period mainly due to growing
preference of geriatric population towards homecare as an affordable and
convenient way of healthcare.
On the basis of type of care, curative care commanded the largest share of global
hospital/medical beds market in 2017 due to growing inpatient population at
healthcare facilities across the globe resulting out of old age, chronic and infectious
diseases, and physical injuries. However, long-term care market is expected to
witness a rapid growth during the forecast period. The growth in this market is
mainly attributed to increasing aging population requiring long-term care and
favorable regulatory reforms and reimbursement policies favoring adoption of
long-term care.
On the basis of technology, powered beds commanded the largest share of global
medical/hospital beds market in 2017 and are expected to witness a rapid growth
during the forecast period. This is mainly due to various features such as position
adjustment, presence of monitoring sensors, and fall detection – offering greater
patient safety as well as improved caregiver performance by reducing repetitive
strain injuries (RSI).
On the basis of end-user, hospitals commanded the largest share of global
medical/hospital beds market in 2017. This is attributed to growing healthcare
expenditure across the globe, and increasing prevalence of various acute and
chronic diseases resulting in greater admission rate in hospitals.
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