Hospital Bed Accessories Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2017 - 2025

Hospital Bed Accessories Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2017 - 2025

  • Transparency Market Research
  • Ongoing
  • Medical Equipments

Report Description

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Hospital beds have evolved over the last decade. New and multipurpose hospital beds have entered the market, enabling health care providers to provide better care to the patients. Based on patient requirements and conditions, various types of hospital beds are available such as flower beds and ICU beds. These beds are of three main types: manual hospital beds, semi-electric hospital beds, and electric hospital beds. Manufacturers are developing innovative designs and functionalities for these beds. This has led to increasing use of various accessories in these beds. Hospital bed accessories are an integral part of these beds. These allow a patient and health care provider to perform various functions during the patient treatment duration. Demand for new hospital bed accessories is increasing owing to growing innovation and new accessory designs.

Major factor fueling the growth of the global hospital bed accessories market is rising demand for new hospital beds, owing to increasing number of patients suffering from chronic diseases. Longer hospital stays, large inflow of patients in hospital inpatient settings, and rising health care expenditure in emerging countries, leading to developing hospital infrastructure in these countries are expected to drive the market. According to statistics from the World Bank, the World Health Organization (WHO), and regional organizations such as the Organization of Economic Cooperation & Development (OECD), there has been a considerable gap in number of hospital beds per 1,000 population, especially in emerging as well as developed nations. The number of hospital beds required is expected to increase by two- to threefold by 2020. This combined with increasing innovations in the hospital beds accessories, and new and advanced product offerings by manufacturers are anticipated to drive the global hospital bed accessories market during the forecast period.

The global hospital bed accessories market has been segmented based on product type, material, end user, and region. In terms of product type, the market has been segmented into mattresses, bed side rails, over bed tables, in-bed bathing products, and other products. Based on material, the global hospital bed accessories market has been segmented into foam, stainless steel, aluminum, and others. The foam segment dominated the global hospital bed accessories market; however, the aluminum segment is expected to expand at a high CAGR during the forecast period. Based on end user, the global hospital bed accessories market has been divided into hospitals, nursing care centers, outpatient clinics, long-term care centers, and home care settings. The hospitals segment dominated the global market in 2016, attributed to factors such as rising patient population and longer duration of treatment and hospital stay. However, changing patient preference and shift toward home care settings in patients suffering from chronic diseases and immobility are factors expected to propel the growth of the home care setting segment in the global hospital bed accessories market during the forecast period.

In terms of region, the global hospital bed accessories market has been segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. North America is projected to dominate the global hospital bed accessories market in 2016, owing to developed hospital infrastructure and rising demand for new and advanced products. Europe accounted for the second largest share of the global hospital bed accessories market in 2016, followed by Asia Pacific. Increasing demand for hospital beds and developing hospital infrastructure in Asia Pacific and Middle East & Africa are expected to drive the global hospital bed accessories market between 2017 and 2025.

Key players operating in the global hospital bed accessories market include Vitality Medical, Stryker Corporation, Spinlife LLC, ArjoHuntleigh, Favero Health Projects Spa, and SEERS Medical Limited.

The report offers a comprehensive evaluation of the market. It does so via in-depth qualitative insights, historical data, and verifiable projections about market size. The projections featured in the report have been derived using proven research methodologies and assumptions. By doing so, the research report serves as a repository of analysis and information for every facet of the market, including but not limited to: Regional markets, technology, types, and applications.

The study is a source of reliable data on:

  • Market segments and sub-segments
  • Market trends and dynamics
  • Supply and demand
  • Market size
  • Current trends/opportunities/challenges
  • Competitive landscape
  • Technological breakthroughs
  • Value chain and stakeholder analysis

The regional analysis covers:

  • North America (U.S. and Canada)
  • Latin America (Mexico, Brazil, Peru, Chile, and others)
  • Western Europe (Germany, U.K., France, Spain, Italy, Nordic countries, Belgium, Netherlands, and Luxembourg)
  • Eastern Europe (Poland and Russia)
  • Asia Pacific (China, India, Japan, ASEAN, Australia, and New Zealand)
  • Middle East and Africa (GCC, Southern Africa, and North Africa)

The report has been compiled through extensive primary research (through interviews, surveys, and observations of seasoned analysts) and secondary research (which entails reputable paid sources, trade journals, and industry body databases). The report also features a complete qualitative and quantitative assessment by analyzing data gathered from industry analysts and market participants across key points in the industry’s value chain.

A separate analysis of prevailing trends in the parent market, macro- and micro-economic indicators, and regulations and mandates is included under the purview of the study. By doing so, the report projects the attractiveness of each major segment over the forecast period.

Highlights of the report:

  • A complete backdrop analysis, which includes an assessment of the parent market
  • Important changes in market dynamics
  • Market segmentation up to the second or third level
  • Historical, current, and projected size of the market from the standpoint of both value and volume
  • Reporting and evaluation of recent industry developments
  • Market shares and strategies of key players
  • Emerging niche segments and regional markets
  • An objective assessment of the trajectory of the market
  • Recommendations to companies for strengthening their foothold in the market

Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.

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