PMR estimates that the global acute care hospital beds and stretchers market is expected to be valued at US$ 8,741.4 Mn by 2026 end, expanding at a CAGR of 4.1% over 2018–2026.
Report Description
This Persistence Market Research (PMR) report examines the global acute care hospital beds and stretchers market for the period 2013–2026. The primary objective of the report is to offer insights into market opportunities for acute care hospital beds and stretchers and developments in the acute care hospital beds and stretchers market.
The global acute care hospital beds and stretchers market has witnessed a paradigm shift from manual to automate beds and stretchers. There is an upsurge in adoption of automated durable medical equipment (DME). The inclination of hospitals towards automation is due to increasing per capita healthcare spending, developing infrastructure, and comfort for patients as well as nurses/doctors. Addition to this, growing elderly population, rise in the number of hospital admissions, and increasing accidents have led to high demand for hospital beds and stretchers among end users.
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The number of hospital admissions for elective and emergency care has apparently increased in the Asian countries from 2013 to till date. Besides, there are numerous patients suffering from different types of diseases, which eventually leads to hospital admissions. Moreover, according to the World Bank, about 1.25 million people get injured in road accidents each year. The global cost of road traffic injuries is estimated to be US$ 518 billion each year, which creates high demand for hospital beds and stretchers.
Drivers and Restraints:
Drivers:
- Growing demand for acute care services: The increasing prevalence of chronic diseases, aging population, and rise in the number of accidents and injuries are driving the demand for acute care services. This, in turn, fuels the demand for acute care hospital beds and stretchers to accommodate patients and provide proper care.
- Technological advancements: Advancements in healthcare technology have led to the development of advanced acute care hospital beds and stretchers. These beds and stretchers are equipped with features such as electronic controls, adjustable heights, integrated patient monitoring systems, and improved patient comfort. The adoption of such advanced beds and stretchers is driving market growth.
Restraints:
- High cost of advanced beds and stretchers: Advanced acute care hospital beds and stretchers often come with a higher price tag due to their advanced features and technology. The high cost can limit their adoption, especially in developing regions with budget constraints. Cost-conscious healthcare facilities may opt for traditional beds and stretchers, thereby restraining market growth.
- Limited healthcare budgets: Some regions or healthcare systems have limited budgets allocated to healthcare infrastructure. This can restrict the purchasing power of hospitals and healthcare facilities to invest in new beds and stretchers. Budget limitations can hinder market growth and slow down the adoption of advanced equipment.
Key Players
The global market for acute care hospital beds and stretchers is dominated by the key players, contributing more than 70% of the market share. The key players operating in the global acute care hospital beds and stretchers market are Invacare Corporation, Hill-Rom Holdings Inc., Stryker Corporation, LINET, Getinge AB, and Paramount Bed Holdings Co., Ltd. Midmark Corp., and Howard Wright Limited, are some other manufacturers present in acute care hospital beds and stretchers market. Launching new products and acquisition are the key strategies adopted by the key players in the acute care hospital beds and stretchers market.
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This report covers a thorough analysis of:
- Market segment
- Market dynamics
- Market size
- Supply demand
- Current Trends/Issues/Challenges
- Competition and related companies
- Technology
- Value chain
Regional analysis includes:
- North America (USA, Canada)
- Latin America (Mexico, Brazil)
- Western Europe (Germany, Italy, France, UK, Spain)
- Eastern Europe (Poland, Russia)
- Asia Pacific (China, India, ASEAN, Australia and New Zealand)
- Japan
- Middle East and Africa (GCC countries, South Africa, North Africa)
Report highlights:
- Detailed overview of the top markets
- Changing market dynamics of the industry
- In-depth market segmentation
- Historical, current and projected market size in terms of volume and value
- Recent industry trends and developments
- competitive landscape
- Strategies of major players and products provided
- Potential and niche segments, areas showing promising growth
- A neutral view of market performance
- Essential information for market participants to maintain and strengthen their market footprint
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