Global Hospital Beds Market 2017-2021
About Hospital Beds
Hospital beds are special types of beds used in healthcare facilities such as hospitals, clinics, and patient care centers to accommodate and to assist patients during treatment. ICUs are equipped with life support systems and automated hospital beds such as pediatric and neonatal beds, maternity beds, and surgical beds, which are used for the treatment of critically ill patients. They are also used by home-based users for home care services.
Technavio’s analysts forecast the global hospital beds market to grow at a CAGR of 5.02% during the period 2017-2021.
Covered in this report
The report covers the present scenario and the growth prospects of the global hospital beds market for 2017-2021. To calculate the market size, the report presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources.
The market is divided into the following segments based on geography:
Technavio Announces the Publication of its Research Report – Global Hospital Beds Market 2017-2021
Technavio recognizes the following companies as the key players in the global hospital beds market: Invacare, Hill-Rom, PARAMOUNT BED, and Stryker.
Other Prominent Vendors in the market are: ArjoHuntleigh, Besco Medical, LINET, Medline Industries, Savion Industries, Joerns Healthcare, MERIVAARA, PROMA REHA, Ostrich Mobility Instruments, Janak Healthcare, and Taneta.
Commenting on the report, an analyst from Technavio’s team said: “One trend in the market is increased incidence of life-threatening diseases. The Centers for Disease Control and Prevention (CDC) defines lifestyle diseases as diseases caused by unhealthy habits such as smoking, consumption of alcohol, and lack of exercise. Major lifestyle diseases include stroke, heart attack, obesity, diabetes, hypertension, and liver cirrhosis.”
According to the report, one driver in the market is rising number of hospitals. The number and capabilities of healthcare providers are increasing. The rising number of chronic diseases, medical emergencies, communicable diseases, and short term and long-term disabilities are fueling the demand for patient care services. Increasing footfall in hospitals also drives the demand for automated, semi-automated, and manual hospital beds.
Further, the report states that one challenge in the market is high cost of automated hospitals beds. The stringent regulatory scenario in various countries increases the investment in meeting product quality and operation standards and minimizing the risk associated with the manufacturing and use of these products. This can increase the overall cost of production for manufacturers. To minimize the cost and generate profit, manufacturers follows a premium pricing strategy, which, however, increases the cost of the product.
Invacare, Hill-Rom, PARAMOUNT BED, Stryker, ArjoHuntleigh, Besco Medical, LINET, Medline Industries, Savion Industries, Joerns Healthcare, MERIVAARA, PROMA REHA, Ostrich Mobility Instruments, Janak Healthcare, and Taneta.
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