The Acute Care Hospital Beds And Stretchers Market will witness a CAGR of 4.1% by reaching US$ 8,741.4 Million from 2026. The new-fangled healthcare electronic technologies like 3D printing, GPS tracking, and wearable biometric devices are being tested concerning clinical use. Cutting-edge technology is expected to be one of the driving forces in the healthcare industry in the subsequent decade.
According to the latest report published by Persistence Market Research, titled ‘Global Acute care Hospital Beds and Stretchers Market: Global Industry Analysis 2013–2017 and Forecast 2018–2026’, the global acute care hospital beds and stretchers market is expected to expand at a CAGR of 4.1% over the forecast period (2018–2026).
PMR delivers the key insights on the global acute care hospital beds and stretchers market in its report titled “Acute Care Hospital Beds and Stretchers Market: Global Industry Analysis 2013–2017 and Forecast, 2018–2026”. The global acute care hospital beds and stretchers market is expected to provide attractive growth opportunities for the manufacturers during the forecast period 2018 – 2026, owing to increasing demand for automate beds and stretchers.
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Based on product type, the hospital beds segment dominated the global acute care hospital beds and stretchers market, with nearly 87% value share in 2017. The hospital beds segment is further sub-segmented into surgical beds, maternity beds, critical care beds, and bariatric beds. The surgical beds product type segment is expected to be the most attractive segment, and is estimated to hold a major share over the forecast period.
Whereas, among different types of stretchers, the emergency and transport stretchers product type segment is expected to gain traction in the global acute care hospital beds and stretchers market. A high demand for specialty stretchers is projected over the forecast period owing to its convenience.
The annual revenue of the global acute care hospital beds and stretchers market is estimated to be valued at US$ 6.327.0 Mn in 2018, which is projected to grow at a steady pace over the forecast period. The dominating regions, i.e., North America, Asia Pacific, and Europe, collectively account for a major share in the global acute care hospital beds and stretchers market, owing to increasing number of hospital admissions, improved acute care hospital beds and stretchers technology and rising disposable income.
Furthermore, increasing installation of advanced beds and stretchers by secondary and tertiary hospitals is also propelling the growth of the acute care hospital beds and stretchers market. Moreover, the adoption of organic and inorganic strategies by major players operating in the acute care hospital beds and stretchers market is also the other factor driving the growth of the market.
The manufacturers are focusing on developments such as product enhancement, strengthening of product portfolio, and geographical expansion to compete and grip their positions in the acute care hospital beds and stretchers market.
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