Europe Hospital Bed Market Analysis, Top Companies, New Technology, Demand and Opportunity Analysis
Europe hospital bed market achieved a value of $1.6 billion in
the year 2015 and is forecasted to grow at a CAGR of 4.3% during 2016-2022.
Depending upon the usage, there are variety of hospital beds that are available
in the regional market such as general, birthing, pediatric, bariatric,
pressure relief and others. Amongst the various types, general beds held the
largest share of Europe hospital bed market, and is expected to attain a value
of $854.4 million by 2022, growing at a CAGR of 4.8%. The category is also
expected to witness the fastest growth during the forecast period, since
general beds are used for all types of patients. The hospital bed market in the
region has been growing due to several factors such as increasing healthcare
expenditure, growing aging population, increasing prevalence of chronic
diseases and ongoing technological advancements.
The hospital
beds are also segmented on the basis of treatment provided to the patients such
as acute care, critical care and long-term beds. Among the various types of
treatments, critical care treatment is expected to witness the highest demand
for hospital beds, and is projected to achieve a value of $345.3 million, by
2022, growing at a CAGR of 4.5%. The hospital bed market is also bifurcated on
the basis of power, such as manual, semi-electric and electric beds. Due to low
cost of treatment in government sector, manual beds held the largest share of
43% in the year 2015.
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There are
factors such as high cost and injuries associated with hospital beds, that have
been hampering the growth of the Europe hospital bed market.
The
government of various countries are investing in healthcare expenditure, due to
which the companies are focusing more on providing best facilities to the
patients by developing innovative solutions for better care. For instance, in
May 2017, Hill-Rom Holdings, Inc., unveiled its new Hill-Rom Envella Air
Fluidized Therapy Bed, which is an advanced solution for wound care for
patients with advanced wounds. The Envella bed's differentiated technology
provides an ideal healing environment for the prevention and treatment of
advanced pressure injuries. Following that Howard Wright Limited launched a new
ward bed M10, in July 2016, which can revolutionize patient care and safety.
M10 has the most demanding standards and is made to focus on three key areas of
concern namely, patient falls, pressure injuries and cross infection.
Some of the
key players operating in the regional hospital bed market are Hill-Rom
Holdings, Inc., Stryker Corporation, Getinge AB, LINET spol. s.r.o., Howard
Wright Limited, Drive DeVilbiss Healthcare, Sunflower Medical Ltd.,
Stiegelmeyer GmbH & Co. KG, Merivaara Corp., and Alpha-Fit GmbH.
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