Global Hospital Beds Market is Expected to Grow With 5% CAGR during 2015 - 2020: P&S Market Research

NEW YORK, October 29, 2015 /PRNewswire/ --

The global hospital beds market was valued at $5,239.1 million in 2014, and it is expected to grow with a CAGR of 4.5% during the period 2015 - 2020. The global market is increasing, due to growing geriatric population and increasing healthcare expenditure. In addition, the lifestyle changes are leading to chronic illness, due to the increased usage of caffeine, tobacco and alcohol. This has generated the demand for hospitalization thus, encouraging the growth of the global market.

     (Logo: http://photos.prnewswire.com/prnh/20150727/756778)

Based on types, the general beds market segment is expected to witness fastest growth during the forecast period. Among the hospital beds by treatment segment, acute care beds had the largest market size in the global market during 2014; however the critical care beds segment is expected to witness fastest growth, with 5.0% CAGR during the period 2015 - 2020.

Browse Reports Description with Detailed TOC on "Global Hospital beds Market" at: https://www.psmarketresearch.com/market-analysis/hospital-beds-market

The information and data in the publication "Global Hospital Beds Market Size, Share, Development, Growth and Demand Forecast to 2020 - Industry Insights by Type (General beds, Birthing Beds, Pediatric Beds, Bariatric Beds, Pressure Relief Beds), by Treatment (Acute Care Beds, Critical Care Beds, Long Term Care Beds), by Power (Manual Beds, Semi Electric Beds and Electric Beds)" represent the research and analysis of data from various primary and secondary sources. The bottom-up approach has been used to calculate the global hospital beds market size by type, treatment and power. The market numbers for countries are obtained through top-down approach. P&S Market Research analysts and consultants interacted with the authorities from leading companies of the concerned domain, to substantiate every value of data presented in this report. The company bases its primary research on discussions with prominent professionals and analysts in the industry, which is followed by informed and detailed, online and offline research.

Healthcare expenditure is increasing worldwide, according to World Health Organisation (WHO); the total healthcare expenditure is increasing globally, leading to the improvements in the healthcare infrastructure. This increase in healthcare expenditure leads to construction and renovation of old hospitals with installation of new medical equipment and hospital beds.

Browse Related Research at: https://www.psmarketresearch.com/industry-report/medical-devices

Aging population acts as a major driver for the market as this pool is more prone to falling ill due to low immunity levels and longer recovery period. Aged people require more care as they are more susceptible to accidents, trauma, injuries due to burns, fractures, and falls that lead to an increase in the number of hospitalisation cases; this fuels the demand for hospital beds.

However, high price of hospital beds, such as fully electrical beds, critical care ICU beds, surgical beds, birthing beds, and bariatric beds acts as major restraints for the growth of the market. In developing countries, such as China, India and Brazil, manual and semi-electrical beds are preferred compared to fully electrical beds owing to their low price. The Asian market is expected to witness fastest growth, with a CAGR of 5.1% during the period 2015 - 2020.

The key companies operating in the global hospital beds market include HILL-ROM HOLINGS, INC, ArjoHuntleigh, Stryker Corporation, Invacare Corporation, PARAMOUNT BED CO., LTD, Gendron, Inc., Medline Industries, Inc.,  Span-America Medical Systems, Inc., Savion Industries, Ltd, and Linet spol. s r.o.

HOSPITAL BEDS MARKET SEGMENTATION 

Breakdown by Type 

• General beds
• Birthing beds
• Pediatric beds
• Bariatric beds
• Pressure relief beds
• Others

Breakdown by Treatment 

• Acute care beds
• Critical care beds
• Long term care beds
• Others

Breakdown by Power 

• Manual beds
• Semi electric beds
• Electric beds

Breakdown by geography 

• North America- The U.S., and Rest of North America
• Europe- The U.K., Germany, France, Russia and Rest of Europe
• Asia- Japan, China, India and Rest of Asia
• Rest of the World (RoW) - Brazil, Australia and Others

Browse Upcoming Research  

Endoscopy Devices Market - https://www.psmarketresearch.com/market-analysis/endoscopy-devices-market

Pain Management Devices Market - https://www.psmarketresearch.com/market-analysis/pain-management-devices-market

Surgical Equipment Market - https://www.psmarketresearch.com/market-analysis/surgical-equipment-market

About P&S Market Research 

P&S Market Research is a market research company, which offers market research and consulting services for various geographies around the globe. We provide market research reports, industry forecasting reports, business intelligence, and research based consulting services across different industry/business verticals.

As one of the top growing market research agency, we're keen upon providing market landscape and accurate forecasting. Our analysts and consultants are proficient with business intelligence and market analysis, through their interaction with leading companies of the concerned domain. We help our clients with B2B market research and assist them in identifying various windows of opportunity, and framing informed and customized business expansion strategies in different regions.

Contact:
Ms. Somya
Manager - Client Partner
347, 5th Ave. #1402
New York City, NY - 10016
Toll-free: +1-888-778-7886 (USA/Canada)
Email: [email protected]
Web: https://www.psmarketresearch.com

SOURCE P&S Market Research