SEATTLE, April 15, 2020 (GLOBE NEWSWIRE) -- According to Coherent Market Insights, the global hospital beds market is estimated to be valued at US$ 3.49 billion in 2019 and is expected to exhibit a CAGR of 6.2% over the forecast period (2019-2027).
Key Trends and Analysis of the Global Hospital Beds Market:
Key trends in the market include increasing incidence of chronic diseases such as cardiovascular disease, cancer, and others, increasing number of product launches, and increasing healthcare infrastructure by key market players. For instance, according to the Heart and Circulatory Disease Statistics 2018, from British Heart Foundation, around 1.4 million people were diagnosed with cardiovascular and circulatory diseases in England in 2017-2018.
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Moreover, the increasing number of surgeries are expected to drive growth of the global hospital beds market over the forecast period. For instance, according to the American Heart Association 2019, Heart Disease and Stroke Statistics around 3,244 heart transplants were performed in the U.S. in 2017.
Furthermore, increasing government initiatives to improve the healthcare infrastructure are expected to propel the market growth over the forecast period. For instance, in June 2019, the New South Wales government announced a budget of US$10.1 billion for the healthcare infrastructure. The government announced that US$10.1 billion will be invested in hospital redevelopments and lease acquisitions over the next four years.
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Key Market Takeaways:
- The global hospital beds market is expected to exhibit a CAGR of 6.2% over the forecast period, owing to rising incidence of chronic diseases. For instance, according to the statistics published by the British Heart Foundation around 2.2 million people were reported to have cancer in England in 2017-2018.
- Among regions, North America is expected to hold dominant position in the global market, owing to presence of key players in the region such as Stryker Corporation, Hill-Rom Holdings, Inc., and Medline Industries, Inc., and increasing incidence of mental illness. For instance, according to the National Alliance of Mental illness, around 47.6 million people in the U.S. suffered from mental illness in 2018.
Key players operating in the global hospital beds market include—
Stryker Corporation, Hill-Rom Holdings, Inc., Getinge AB, Invacare Corporation, Medline Industries, Inc., Linet Spol. S.R.O., Stiegelmeyer GmbH & Co. Kg, Antano Group S.R.L, Amico Corporation, and Midmark Corporation.
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Market Segmentation:
- Global Hospital Beds Market, By Usage:
- Acute Care Beds
- Psychiatric Care Beds
- Long-term Care Beds
- Other Beds (Maternity and Bariatric Beds)
- Global Hospital Beds Market , By Application:
- Intensive Care Beds
- Non-intensive Care Beds
- Global Hospital Beds Market, By Type:
- Electric Beds
- Semi-electric Beds
- Manual Beds
- Global Hospital Beds Market, By End User:
- Hospitals
- Home Care Settings
- Elderly Care Facilities
- Ambulatory Surgical Centers
- Others
- Global Hospital Beds Market, By Region:
- North America
- By Country:
- U.S.
- Canada
- By Country:
- Latin America
- By Country:
- Brazil
- Mexico
- Argentina
- Rest of Latin America
- By Country:
- Europe
- By Country:
- Germany
- U.K.
- France
- Italy
- Spain
- Russia
- Rest of Europe
- By Country:
- Asia Pacific
- By Country:
- China
- India
- Japan
- Australia
- South Korea
- ASEAN
- Rest of Asia Pacific
- By Country:
- Middle East
- By Country:
- GCC
- Israel
- Rest of Middle East
- By Country:
- Africa
- By Country/Region:
- South Africa
- Central Africa
- North Africa
- By Country/Region:
- North America
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