What is the market for hospital beds?

 

Americas Hospital Bed Market Highlights

Technological innovations in ICU beds can revolutionize the market as patients look at safety and comfort during their hospital stay. The number of patients undergoing surgeries is expected to benefit the market as large healthcare chains look to capitalize on the trend and supply beds accordingly. In addition, the emergence of home care during the COVID-19 pandemic has triggered the requirement for comfortable beds.

The Americas hospital beds market is expected to grow during the forecast period at a CAGR of ~7.6%. It is expected to expand owing to their need by patients. Establishment of medical facilities and centers to cater to the inflow of patients can bode well for the market. Prevalence of chronic diseases, injuries cases, and investments in healthcare are other prime drivers of the market. The large geriatric populace can work in favor of the market as they are susceptible to various diseases. According to the Population Reference Bureau, the number of Americans aged 65 and above is expected to reach an amount of 98 million by 2060.

Rising costs of specialty beds and low procurement capital of public hospitals can hamper market growth.

Regional Analysis

The Americas is likely to show a prominent growth in the hospital beds market during the forecast period market owing to prevalence of chronic diseases among the elderly, increase in the number of surgeries, the presence of a well-established healthcare system, government initiatives and favourable regulatory policies, medical reimbursement schemes, and adoption of highly advanced technology.

Based on region, the Americas is divided into North America and South America. The North American region consists of the US and Canada. The presence of a well-established economy in North America is expected to contribute to the market growth. South America consists of Argentina, Brazil, Chile, and the rest of South America.

The North American region is likely to dominate the hospital beds market in the Americas due to sophisticated healthcare framework, modernization of infrastructure, and favorable policies. Major drivers include growing presence of hospitals and healthcare centers in the North American region, buyout of distressed small hospitals, increasing adoption of new technologies, and government initiatives for development of healthcare facilities can boost the regional hospital beds market growth. According to the Centers for Medicare and Medicaid Services (CMS), the majority of the population (around 90%) takes benefit of the insurance system and slashes the healthcare burden due to favorable reimbursement policies.

The South American region is also set for a windfall owing to the growing numbers of the middle class in Argentina, Colombia, Venezuela, and Chile. The improved purchasing power of corporations, disposable income levels of patients, and investments in healthcare infrastructure can positively impact the market.

Segmentation

The Americas hospital beds market report has been segmented by type, automation, treatment, and end-user. The study encompasses opportunities and threats for each of the segment and its impact on the overall market.

By type, the Americas hospital beds market has been classified into general purpose beds, pressure relief beds, birthing beds, bariatric beds and pediatric beds, and others.

By automation, it is segmented into power hospital beds, manual hospital beds, and others. Power hospital beds are further divided into fully electric and semi-electric.

According to treatment, hospital beds are categorized into critical care, long-term care, and acute care.

End-users of the market include elderly care facilities, hospitals and clinics, nursing homes, maternity homes, and others.

Key Players

Americas hospital beds market players are Invacare Corporation, Paramount Bed Holdings Co., Arjo Huntleigh, Medline Industries, Hill-Rom Services, Inc., Span-America Medical Systems, Inc., Joerns Healthcare LLC., Savion Industries Ltd., Gendron, Inc., Stryker Corporation, LINET Group, and Joh. Stiegelmeyer GmbH & Co. KG.

About Market Research Future:

At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), & Consulting Services. MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients.

Contact us:

Market Research Future (part of Wantstats Research and Media Private Limited),

99 Hudson Street, 5Th Floor,

New York, New York 10013

United States of America

+1 628 258 0071

Email: sales@marketresearchfuture.com

Comments

Post a Comment

Popular posts from this blog

Cardiac Monitoring and Cardiac Rhythm Management Market Share, Trends, Leading Players, Business Overview, Sales Statistics and Outlook by 2030

  Cardiac Monitoring and Cardiac Rhythm Management Devices Market Highlights The increasing demand for minimally invasive surgeries drives the growth of this market. Advanced technologies in cardiac monitoring and cardiac rhythm management devices have also led to growth in this market.  However, factors such as stringent regulatory approval procedures, the high cost of cardiac devices, and lack of reimbursement policies in developing countries are hindering the growth of the market. Rising prevalence of cardiovascular diseases and the increasing number of unmet medical needs in undeveloped countries are leading to the growth of the cardiac monitoring and cardiac rhythm management device market . Technical advancements in drug-eluting, MRI compatible pacemakers, and Holter monitors are some of the factors leading to the growth of this market. The growth of the global cardiac monitoring device market is driven by the high prevalence of cardiovascular disorders worldwide. ...
Read more

What is the regional analysis of Clinical Laboratory Test Market?

  Clinical Laboratory Test Market Highlight The Clinical Laboratory Test market is growing mainly due to growing awareness and rising adoption of anti-inflammatory drugs. According to a recent study report published by the Market Research Future, the Clinical Laboratory Test market is booming and expected to gain prominence over the forecast period. The clinical laboratory test market size was valued USD 189 Billion in 2021 and expected to reach USD 325 billion by 2030 at 6.9% CAGR during the forecast period 2022-2030. Clinical laboratory test market has emerged as the most growing segment of healthcare over the past few years. Clinical laboratory testing includes all routine check-ups and other pathology tests for the diagnosis of various diseases ranging from CBC and other routine blood test, anatomical pathological testing, molecular, immunological, drug testing and other tests for disease diagnosis and treatment. CBC and other routine blood tests are the most common type ...
Read more

Africa Medical Devices Market | Analysis, Size, Growth, Key Players, Segmentation and Forecast By 2030

  Africa Medical Devices Market – Overview The Africa Medical Devices market is growing with a steady pace; mainly due to the rapidly growing middle-income group, increasing healthcare expenditure, increasing number of medical tourists, proliferation of hospitals, government programs and support, and increasing incidence of lifestyle diseases. Moreover, rising economic growth also drive the market in this region. According to the World Bank Group, in 2016, GDP of the Middle East & North Africa experienced the growth in GDP by 4.89%. It is expected that Africa’s macroeconomic climate over the next decade will expand the health care gap, as higher incomes will create new demand for the medical devices market. The Africa medical devices market to reach around $ 7069.61 million from $ 7.19 billion in 2030, by the end of the forecast period at a CAGR of 7.10 %. Companies are continuously engaged in merger and acquisition activities for the development of the best medicine to ...
Read more