The Global Market for Hospital Beds (Powered and Manual) is Projected to Reach US$5.9 Billion by 2022

The Global Market for Hospital Beds (Powered and Manual) is Projected to Reach US$5.9 Billion by 2022

Ever Growing Disease Burden & the Parallel Need for a More Broader and Robust Healthcare Infrastructure Drives Demand for Powered and Manual Hospital Beds, According to a New Report by Global Industry Analysts, Inc.

GIA launches comprehensive analysis of industry segments, trends, growth drivers, market share, size and demand forecasts on the global Hospital Beds (Powered and Manual) market. The global market for Hospital Beds (Powered and Manual) is projected to reach US$5.9 billion by 2022, driven by the rapidly increasing disease burden of a continuously growing population, the need for adequate healthcare infrastructure and the ensuing expansion and new establishments of hospitals.  

Hospital beds are highly valuable items in patient care environment. These beds are offered in different sizes incorporating diverse features to assist individuals with health conditions that require immobilization or cause physical disability. The growth in the market is led by high disease prevalence, improved life expectancy and aging population. A major portion of the global demand for hospital beds comes from emerging countries led by improving healthcare infrastructure and rise in patient admissions. In the developed markets, growth opportunities are shifting away from hospitals to alternative care centers such as clinics, home settings, hospice, ambulatory care centers etc. This is primarily because hospitals in developed economies like the U.S. are downsizing bed capacity as cost pressures shift healthcare out of hospitals to primary and community care facilities. The market hence continues to undergo a noticeable transformation as market participants customize products and services in line with patient and healthcare giver’s requirements, while maintaining a clear focus on global opportunities and challenges. Some of the advancements in recent times include integration of sensors, scales and vital signs monitors and other advanced electronic control for bed functions and connectivity with other medical devices. Smart beds are emerging as an effective solution for healthcare providers for constant monitoring of patients to provide better care and ensure patient safety. These beds are equipped with advanced sensing and detection technologies that aid in keeping track of patients vital signs and their movement to ensure early recognition of changes of patient condition and also detect and prevent adverse events including pressure ulcers.

Progressive mobility features are also gaining importance in bed design especially in case of patients who are required to stay immobile in recommended positions for faster healing and recovery. Mobility features are also important in cases where there is frequent transport of patients to the operating room. This has led to increased demand for sophisticated bed frames and surfaces with features that aid progressive mobility and patient positioning. At the same time, With growing preference for home care, patient bed manufacturers are focusing on designing beds that can accommodate the requirements of patients looking for comfort, convenience and aesthetic appeal and blend with home furniture.

As stated by the new market research report on Hospital Beds (Powered and Manual), Europe represents the largest market worldwide. Asia-Pacific with a CAGR of 5.7% over the analysis period ranks as the fastest growing market led by factors such as increasing patient population, improving healthcare spending, developing hospital infrastructure such as rise in hospital constructions and renovations, availability of advanced treatments for chronic diseases, evolving healthcare consumerism in developing economies, the resulting increase in competition and hospital focus on providing high quality patient care services. General Purpose Beds represents the largest product market, while Pressure Relief Beds rank as the fastest growing segment led by the need to control and prevent conditions such as pressure ulcers, and bedsores.

Major players covered in the report include Hill-Rom Holdings, Inc., Getinge AB, ArjoHuntleigh, Invacare Corporation, Linet, spol. s r.o., Paramount Bed Co., Ltd., and Stryker Corporation, among others.

The research report titled “Hospital Beds (Powered and Manual): A Global Strategic Business Report” announced by Global Industry Analysts Inc., provides a comprehensive review of market trends, issues, drivers, mergers, acquisitions and other strategic industry activities of major companies worldwide. The report provides market estimates and projections for all major geographic markets such as the US, Canada, Japan, Europe (France, Germany, Italy, UK, Spain, Russia and Rest of Europe), Asia-Pacific (China, India, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America) and Rest of World. Segments analyzed include General Purpose Beds, Birthing Beds, Pediatric Beds and Pressure Relief Beds (Air Fluidized Beds and Low Air-Loss Beds).

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