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The global Hospital Beds Market will grow at a CAGR of 5.5% during the forecast period 2017 to 2023. The market for hospital beds is set to reach US$4,824.2 million by 2023. As per market analysts, the global hospital beds market is anticipated to witness growth owing to the factors such as the surge in chronic diseases as well as increasing prevalence of chronic diseases. However, the market will face challenges and restraints due to high cost of the advanced beds and the high procurement costs during the forecast period 2017 to 2023.
Increasing number of hospital and ambulatory services in the market will support the growth. As per market analysts, the market based companies will face certain challenges during the 2017 to 2023. The hospital beds market size research report provides in-depth analysis of the type, end-user, and power segments. The market research report presents factors such as the high procurement costs related to advanced beds that could slow down the market's growth.
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Competitive Landscape
Hospital beds have seen tremendous growth, due to the growing geriatric population and the sophisticated healthcare structure. However, resources for research & development and intensifying healthcare spending would challenge the companies active in the market. Furthermore, companies using growth strategies to stay ahead in the global hospital beds market are expected to help the market during the forecast period 2017 to 2023. As the market report suggests that the hospital beds market will register a CAGR of 5.5% and reach a US$4,824.2 million by 2023, the market report highlights key areas market based companies need to focus on. The market research report projects a long term growth till 2023. Based on the market’s analysis on the basis of SWOT and Porters’ Five Force Model, the market will rise during the forecast period 2017 to 2023, however the companies need to move ahead with caution. The hospital beds market research report highlights such key areas.
Market Segmentation
The hospital beds market has been segmented into type, end-user, and power . Based on the segment which is type, the market is categorized on the basis of acute care, long-term care, psychiatric & bariatric care, others. The global market for hospital beds is further segmented based on end-user into electric, semi-electric, and manual. Furthermore, the market, on the basis of power is segmented into hospital, clinics, and ambulatory.
The market report offers comprehensive study of the hospital beds market segments including type, end-user, and power. The analysts have also studied the market's spread across the regional markets across many of the market’s segments at country levels. The type, end-user, and power segments spread across the market along with the subsegments are studied. The global market for hospital beds is spread across various product and service based segments. The market research report highlights these key segments and offers forecasts based on primary and secondary data. The global hospital beds market research report presents key company profiles of organizations active across the market.
Regional Overview
The speedy development in healthcare technology may hinder the market growth. The hospital beds market research report suggests that companies in the market could be supported by increasing geriatric population as well as an increasing number of medical emergencies during the forecast period. The hospital beds market is set to register growth at a high CAGR owing to these key factors. The market is spread across North America, Europe, Asia-Pacific, and other parts of the world. As per market analysts, the market is set to witness tremendous growth across type, end-user, and power segments. The global market’s North American region covers markets across the United States, Mexico, Canada, and others. Businesses present in the market are also profiled and their strategies have been presented in detail in the market research report.
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