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Follow on Google News | Hospital Beds Market is expected to expand at a CAGR of 4.2% Globally from 2014 to 2020Hospital beds are manufactured and designed to assist and provide comfort to patients during hospitalization.
By: Persistence Market Research Pvt. Ltd Browse the fullGlobal Market Study on Hospital Beds: Asia to Witness Highest Growth by 2020 report at http://www.persistencemarketresearch.com/ 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. 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. 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. Hill-Rom Holdings, Inc., Getinge Group, and Stryker are some of the leading players in the global market for hospital beds. Some of the other major players in the market are Paramount Bed Co., Ltd., Invacare Corporation, and LINET spol. s r.o. The hospital beds market is segmented as follows: 1) By Usage General purpose beds Birthing beds Pediatric beds Bariatric beds Pressure relief beds 2) By Power Electric beds Semi-Electric beds Manual beds 3) By Treatment Critical care beds Acute care beds Long-term care beds 4) By Geography North America The U.S. Europe Russia Germany The U.K. France Asia Japan China India About Us: Persistence Market Research (PMR) is a U.S.-based full-service market intelligence firm specializing in syndicated research, custom research, and consulting services. PMR boasts market research expertise across the Healthcare, Chemicals and Materials, Technology and Media, Energy and Mining, Food and Beverages, Semiconductor and Electronics, Consumer Goods, and Shipping and Transportation industries. The company draws from its multi-disciplinary capabilities and high-pedigree team of analysts to share data that precisely corresponds to clients’ business needs. PMR stands committed to bringing more accuracy and speed to clients’ business decisions. From ready-to-purchase market research reports to customized research solutions, PMR’s engagement models are highly flexible without compromising on its deep-seated research values. Contact: Addie Thomas 305 Broadway 7th Floor, New York City, NY 10007, United States, USA - Canada Toll Free: 800-961-0353 Email: sales@persistencemarketresearch.com Web: http://www.persistencemarketresearch.com Twitter: https://twitter.com/ Blog: http://persistencemarketresearchblog.wordpress.com/ End
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