The Hospital Beds Market is slated to reach US$ 6,731.8 Million at a CAGR of 4.2% between 2021. The present scenario is that of consumers driving as well as the accelerating pace of alteration in the healthcare vertical. This drives the digitally-enabled, seamlessly connected, and on-demand clinician-patient interactions. As such, patient-centric delivery transcending geographical barriers would be the epicenter going forward.
According to a new market report published by Persistence Market Research “Global Market Study on Hospital Beds: Asia to Witness Highest Growth by 2020”, the global hospital beds market was valued at USD 5,254.2 million in 2014 and is expected to expand at a CAGR of 4.2% from 2014 to 2020, to reach an estimated value of USD 6,731.8 million by 2020.
Hospital beds refer to medical equipment used to provide care to patients during their hospitalization. Special features of hospital beds, such as adjustable heights of the bed and side rails controlled by electronic buttons, make them caretaker friendly and help provide better comfort to patients. Hospital beds can be classified on the basis of usage, power, and treatment.
Strategizing The Moves For The Next Decade? See Through Sample Of Hospital Beds Market Report! https://www.persistencemarketresearch.co/samples/2815
Some of the major players in the hospital beds market:
Starting With The New Decade On A Diligent Note In The Hospital Beds Market? https://www.persistencemarketresearch.co/methodology/2815
Globally, the hospital beds market is witnessing significant growth due to increasing prevalence of chronic diseases and increasing aging population. Moreover, increasing healthcare expenditure and technological advancements in this field are driving the market.
However, high costs of advanced hospital beds restrain the hospital beds market. Similarly, decreasing demand for general hospital beds in developed countries is a major concern for the market. As a result, the market is expected to grow at a CAGR of 4.2% during 2014 – 2020.
How About Obtaining Insights About The Region To Enter Concerning The Hospital Beds Market? Press The “Purchase Now” Button To Have Our Hospital Beds Market Report! https://www.persistencemarketresearch.com/checkout/2815
Europe has the largest market for hospital beds. This is mainly due to increasing prevalence of chronic diseases and rising healthcare spending in the region. The European market for hospital beds was estimated at USD 1,643.2 million in 2014 and is expected to reach USD 2,010.2 million in 2020, expanding at a CAGR of 3.4%.
The Asian market for hospital beds is expected to increase at a significant rate due to large population base, growing hospital infrastructure, and improving reimbursement scenario in the region. On the basis of power, manual beds account for the largest and fastest growing segment. On the basis of treatment, acute care beds account for the largest segment, while critical care beds account for the fastest growing segment in the global hospital beds market.
Access Trending Reports:
Clinical Trial Management System Market – Persistence Market Research has recently published a global market study on clinical trial management systems. The market is estimated to be valued at US$ 2 Bn in 2021 and is expected to surge at a CAGR of 14% from 2021 to 2031, to reach an estimated value of US$ 7 Bn by the end of 2031.
Perineal Care Market – The perineal care market is anticipated to grow significantly due to rise in increasing prevalence of urinary incontinence and fecal incontinence or double incontinence disorders, which make patients susceptible to incontinence associated dermatitis, in turn driving the demand for perineal care products.
Dental Fiberglass Posts Market – According to the report, rise in awareness for dental insurance is contributing to the build-up of dental fiberglass posts market through 2029.
Persistence Market Research is here to provide companies a one-stop solution with regards to bettering customer experience. It does engage in gathering appropriate feedback after getting through personalized customer interactions for adding value to customers’ experience by acting as the “missing” link between “customer relationships” and “business outcomes’. The best possible returns are assured therein.