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Hospital Beds - Global Market Trajectory & Analytics

  • ID: 338841
  • Report
  • February 2022
  • Region: Global
  • 594 Pages
  • Global Industry Analysts, Inc

FEATURED COMPANIES

  • ArjoHuntleigh AB
  • Famed ywiec
  • Hill-Rom Holdings, Inc.
  • Joerns Healthcare LLC
  • Malvestio Group
  • Missaglia Spa

Global Hospital Beds Market to Reach $5.3 Billion by 2027


Amid the COVID-19 crisis, the global market for Hospital Beds estimated at US$4.1 Billion in the year 2020, is projected to reach a revised size of US$5.3 Billion by 2027, growing at a CAGR of 3.8% over the analysis period 2020-2027. General Purpose, one of the segments analyzed in the report, is projected to record a 3.9% CAGR and reach US$2.4 Billion by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the Pressure Relief segment is readjusted to a revised 3.2% CAGR for the next 7-year period.



The U.S. Market is Estimated at $928.1 Million, While China is Forecast to Grow at 5.8% CAGR


The Hospital Beds market in the U.S. is estimated at US$928.1 Million in the year 2020. China, the world`s second largest economy, is forecast to reach a projected market size of US$605.8 Million by the year 2027 trailing a CAGR of 5.8% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 1.7% and 4.1% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 2.6% CAGR.

Pediatric Segment to Record 5.2% CAGR


In the global Pediatric segment, USA, Canada, Japan, China and Europe will drive the 4.7% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$326.8 Million in the year 2020 will reach a projected size of US$452.1 Million by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$563.2 Million by the year 2027, while Latin America will expand at a 6.6% CAGR through the analysis period.

Select Competitors (Total 118 Featured) -

  • ArjoHuntleigh AB
  • Besco Medical
  • Famed ywiec
  • Gendron, Inc.
  • Hill-Rom Holdings, Inc.
  • Invacare Corporation
  • Jiangsu Saikang Medical Equipment
  • Joerns Healthcare LLC
  • Joh. Stiegelmeyer GmbH & Co. KG
  • Linet, spol.s r.o.
  • Malvestio Group
  • Medline Industries, Inc
  • Missaglia Spa
  • Paramount Bed Co., Ltd.
  • Savion Industries
  • Sichuan Yufeng Medical Equipment
  • Stryker Corporation
Frequently Asked Questions about the Global Market for Hospital Beds

What is the estimated value of the Global Market for Hospital Beds?

The Global Market for Hospital Beds was estimated to be valued at $4.1 Billion in 2020.

What is the growth rate of the Global Market for Hospital Beds?

The growth rate of the Global Market for Hospital Beds is 3.7%, with an estimated value of $5.3 Billion by 2027.

What is the forecasted size of the Global Market for Hospital Beds?

The Global Market for Hospital Beds is estimated to be worth $5.3 Billion by 2027.

Who are the key companies in the Global Market for Hospital Beds?

Key companies in the Global Market for Hospital Beds include ArjoHuntleigh AB, Besco Medical, Famed ywiec, Gendron, Inc., Hill, Rom Holdings, Inc., Invacare Corporation, Jiangsu Saikang Medical Equipment and Joh. Stiegelmeyer GmbH & Co. KG.
Note: Product cover images may vary from those shown

FEATURED COMPANIES

  • ArjoHuntleigh AB
  • Famed ywiec
  • Hill-Rom Holdings, Inc.
  • Joerns Healthcare LLC
  • Malvestio Group
  • Missaglia Spa

I. METHODOLOGY


II. EXECUTIVE SUMMARY

1. MARKET OVERVIEW

  • Influencer Market Insights
  • World Market Trajectories
  • Impact of Covid-19 and a Looming Global Recession
  • Impact on Healthcare Sector Remains Mixed
  • Inexorable Rise in COVID-19 Cases Exhausts Supplies of Critical Medical Equipment and Hospital Beds
  • Global Hospital Beds Per 1000 People as of May-2020
  • Triaging: A Relevant Strategy to Address Resource Shortage
  • With Governments Easing Lockdowns, Risk of Second Wave of COVID-19 Infections Looms Ahead
  • Hospital Beds - Global Key Competitors Percentage Market Share in 2022 (E)
  • Leading Players
  • Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2022 (E)
  • Hospital Beds: A Critical Part of Patient Care Environment
  • Outlook
  • Emerging Markets Drive Future Growth Opportunities
  • Factors Driving Growth by Bed type
  • Factors Influencing Demand for Beds: (Rating on a 1-10 Scale)
  • Electric Beds Witness Stronger Growth
  • Hospital Bed Density Worldwide: A Review
  • Need for New Hospital Constructions to Drive Demand
  • Rising Incidence of Chronic Diseases and Global Pandemics Contribute to Demand
  • Global Cancer Incidence: Number of New Cancer Cases in Million for the Years 2018, 2020, 2025, 2030, 2035 and 2040
  • World Diabetes and Population Statistics (2019, 2030 & 2045)
  • ESRD Prevalence Worldwide: Number of Treated ESRD Patients Per Million Population in Select Countries for 2019
  • Efficient and Cost-Effective Hospital Bed Design Continues to Gain R&D Focus
  • Competitive Landscape
  • Hospital Beds Competitor Market Share Scenario Worldwide (in %): 2020E
  • Recent Market Activity
  • World Brands

2. FOCUS ON SELECT PLAYERS

3. MARKET TRENDS & DRIVERS

  • Surging Cases of COVID-19 Galvanize Demand for Smart Hospital Beds
  • Smart Beds Bring in a Transition to Healthcare Standards
  • Players Focus on Advanced Technologies for Improved Functionalities
  • Select Innovations
  • Progressive Mobility: A Growing Area of Focus in Bed Design
  • Safety Features Gain Significance in Bed Designing
  • Focus Grows on Beds Designed for Home Care
  • Manufacturers Focus on Designing Beds with Additional Features for Bariatric Patients
  • Birthing Beds Equipped with New Features to Ensure Safe and Easy Delivery
  • Rise in HAPU Incidence Results in Growing Emphasis on Pressure Relief Beds
  • Medical Tourism Offers Growth Opportunities in Emerging Markets
  • Most Traveled Destinations for Medical Procedures in Emerging Markets and Cost Savings Compared to the US
  • Comparative Procedure Costs: US vs India, Thailand, Singapore (In US$ Million)
  • Growing Focus on Outpatient Care to Impact Bed Demand
  • Stylish and Adjustable Beds: An Evolving Area of Interest
  • Rise in Preference for Support Surface Versatility
  • Impact of Healthcare Expenditure on Market Growth
  • World Healthcare Expenditure (In US$ Billion) for the Years 2017-2023
  • Burgeoning Geriatric Population Demand Greater Clinical Care
  • Elderly Healthcare Expenditure as a % of GDP
  • Global Population Statistics for the 65+ Age Group in Million by Geographic Region for the Years 2019, 2025, 2035 and 2050
  • Life Expectancy at Age 60 and 80 Years - (2010-2015), (2020-2025) & (2045-2050)
  • Growth in Obesity Numbers Drive Demand for Bariatric Beds
  • World Obesity Prevalence (2015 & 2022): Percentage of Obese Population for Leading Ten Countries
  • Growing Burden of Obesity Worldwide: Obesity as a % of Total Healthcare Expenditure Across Select Countries:2020-2050
  • Increase in Birth Rate and Pediatric Population Offers Opportunities
  • Global Population of Children Between 0-4 years (2015 & 2020P
  • Global New Births (in Millions) per Annum by Geographic Region
  • PRODUCT OVERVIEW
  • Medical Beds
  • Types of Beds
  • Manual Beds
  • Semi-Electric Beds
  • Electric Beds
  • On the Basis of Specialty Functions
  • General Purpose Beds
  • Birthing Beds
  • Pediatric Beds
  • Bariatric Beds
  • Pressure-Relief Beds

4. GLOBAL MARKET PERSPECTIVE


III. MARKET ANALYSIS

UNITED STATES

  • Hospital Beds Market Presence - Strong/Active/Niche/Trivial - Key Competitors in the United States for 2022 (E)
  • Market Overview
  • COVID-19 Triggers Massive Surge in Demand
  • Projected Shortage of ICU Beds Across Select US States Amid Covid-19 Pandemic
  • Cumulative Rate of COVID-19 Associated Hospitalizations (per 100, 000 Population) in the US by Age Group: June 2020
  • Elective Procedure Volumes to Take Time to Reach Pre-COVID Levels
  • Large Hospitals Account for More ICU Beds
  • Number of Hospitals in the US by Type: 2019
  • Growth in Outpatient Services and Impact on Hospitals Beds
  • Innovations Spur Replacement Sales
  • Pricing and Replacement Cycle for Hospital Beds
  • Adjustable Beds Garner Interest
  • Aging Population: Long Term Growth Driver
  • US Elderly Population: Expected Growth Rates Over the Years 2005-2025
  • Assisted Living Influences Demand for Nursing Home Beds
  • Rising Obesity Levels Spur Demand for Specialty Beds
  • Age-Adjusted Obesity and Severe Obesity Prevalence in the United States, 1999-2000 through 2017-2018
  • Rise in Number of Pediatric Patients Lead to Demand for Pediatric Beds
  • Growth in Home Care Services Supports Demand
  • Competitive Scenario
  • Hill-Rom Dominates Hospital Beds Market
  • Product Innovations (Industry ‘Firsts’) from Hill-Rom
  • US Community Hospitals
  • Number of Hospitals in Intensive Care Beds in the US Community Hospitals: 2019
  • Market Analytics

CANADA

  • Market Overview

JAPAN

  • Hospital Beds Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Japan for 2022 (E)
  • COVID-19 Outbreak & Graying Population Spur Growth
  • Breakdown of Population by Age Group in Japan: 2010, 2020, and 2025

CHINA

  • Hospital Beds Market Presence - Strong/Active/Niche/Trivial - Key Competitors in China for 2022 (E)
  • Covid-19 Impacts Demand for Hospital Beds
  • Large Population & Increasing Healthcare Expenditure to Drive Future Growth
  • Licensed Beds in China (2020): Percentage Share Breakdown of Number of Available Beds in Public and Private Hospitals

EUROPE

  • Hospital Beds Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Europe for 2022 (E)
  • Market Overview
  • Hospital Beds Per 1000 People in Select European Countries as of May 2020
  • COVID-19 Pandemic Disrupts the Demand-Supply Equation for Hospital Beds in Europe

FRANCE

  • Hospital Beds Market Presence - Strong/Active/Niche/Trivial - Key Competitors in France for 2022 (E)
  • Market Overview

GERMANY

  • Hospital Beds Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Germany for 2022 (E)
  • Market Overview

ITALY

  • Sharp Surge in Demand Amid COVID-19 Scare

UNITED KINGDOM

  • Hospital Beds Market Presence - Strong/Active/Niche/Trivial - Key Competitors in the United Kingdom for 2022 (E)
  • Pressure Grows Due to High Occupancy Rates
  • Demand for Residential and Nursing Beds on Rise

SPAIN

RUSSIA

  • Market Overview

REST OF EUROPE

ASIA-PACIFIC

  • Hospital Beds Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Asia-Pacific for 2022 (E)
  • Market Overview
  • Low Bed Rate Signify Huge Potential

AUSTRALIA

  • Hospital Beds Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Australia for 2022 (E)
  • Market Overview

INDIA

  • Hospital Beds Market Presence - Strong/Active/Niche/Trivial - Key Competitors in India for 2022 (E)
  • Rising Number of COVID-19 Cases Build Momentum for Hospital Beds Market
  • Increasing Participation from Private Sector
  • Number of Hospital Beds in India (2020): Percentage Share Breakdown for Public and Private Hospitals
  • Established Medical Tourism Sector Augers Well for Future Growth

SOUTH KOREA

REST OF ASIA-PACIFIC

  • Indonesia
  • Number of Hospital Beds in Indonesia (2020): Percentage Share Breakdown for Public and Private Segments

LATIN AMERICA

  • Hospital Beds Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Latin America for 2022 (E)

ARGENTINA

BRAZIL

  • Ongoing Coronavirus Crisis Triggers Shortage of Critical Care Beds

MEXICO

  • Public Healthcare System Witnesses Increase in Demand for Hospital Beds

REST OF LATIN AMERICA

MIDDLE EAST

  • Hospital Beds Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Middle East for 2022 (E)
  • Market Overview

IRAN


ISRAEL


SAUDI ARABIA


UNITED ARAB EMIRATES


REST OF MIDDLE EAST

AFRICA

  • Hospital Beds Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Africa for 2022 (E)
  • Market Overview

IV. COMPETITION

  • Total Companies Profiled: 118
Note: Product cover images may vary from those shown

A selection of companies mentioned in this report includes:

  • ArjoHuntleigh AB
  • Besco Medical
  • Famed ywiec
  • Gendron, Inc.
  • Hill-Rom Holdings, Inc.
  • Invacare Corporation
  • Jiangsu Saikang Medical Equipment
  • Joerns Healthcare LLC
  • Joh. Stiegelmeyer GmbH & Co. KG
  • Linet, spol.s r.o.
  • Malvestio Group
  • Medline Industries, Inc
  • Missaglia Spa
  • Paramount Bed Co., Ltd.
  • Savion Industries
  • Sichuan Yufeng Medical Equipment
  • Stryker Corporation
Note: Product cover images may vary from those shown