U.S. Hospital Bed Market – Analysis and Forecast (2019-2024)

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Global Hospital Bed Market

The global hospital bed market is expected to grow at a CAGR of 4.9% during the forecast period with its market size predicted to reach USD 3.7 billion by 2024. The global hospital bed market is anticipated to be driven by the factors such as the increasing prevalence of chronic diseases, technological advancements, the rise in cases of lifestyle diseases, growing geriatric population, and developing healthcare infrastructure. Different type of medical beds such as general beds, bariatric beds, pediatric beds, and birthing beds are majorly contributing ÂŠ 2018 VynZ Research All rights reserved

to the hospital bed market size, globally.

Global Hospital Bed Market

Increasing healthcare infrastructural development, the mounting occurrence of chronic diseases, expanding the geriatric population, rising healthcare expenditure, development of private healthcare facilities, and development of advanced hospital bed solutions are the primary growth drivers for the hospital bed market, globally. For instance, according to GLOBOCAN globally, approximately 14.1 million new cancer cases were diagnosed and there were 8.2 million cancer deaths in 2012. In addition, according to the World Health Organization (WHO), globally in 2015 approximately 8.8 million people died due to cancer. Moreover, approximately 70% of the deaths from cancer occur in low and middle-income countries.

Global Hospital Bed Market

Asia-Pacific is observed to witness the fastest growth in the hospital bed market, due to the mounting occurrence of chronic diseases. In addition, escalating medical tourism, refining healthcare infrastructure, and expanding geriatric population are also creating a positive impact on the hospital bed industry growth in the region. In January 2017, Getinge Group, introduced Total Lift Bed from VitalGo Systems to expand its portfolio of patient mobility products in the U.S. Stiegelmeyer GmbH & Co. Kg, Stryker Corporation, Medline Industries, Inc., Invacare Corporation, Paramount Bed Holdings Co., Ltd., Hill-Rom Holdings, Inc., Merivaara Corp., Getinge AB, Midmark Corporation, Linet Spol. S.R.O and Antano Group S.R.L are the key players offering hospital bed.

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