EMEA Hospital Bed Market to Expand at a Steady Rate in the Forecast Period 2018-2023
Growing demand from the Healthcare sector and sustained sales among dynamic economies across the globe will remain the key factors driving the growth of the Hospital Bed Market during the next seven years. According to a latest research report published by Market Research Future, titled "Europe, Middle East & Africa Hospital Bed Market Report- Forecast To 2023," the global market for Pregnancy Test Kits is presumed to witness very high growth terms of revenue.
Pune, India -- (SBWire) -- 10/29/2018 --Market Synopsis of Hospital bed Market:
Beds are the primary requirements for the healthcare facilities providers. The prime objective of these care centers are to provide comfort and relief to the patients. When patient arrives in the hospital he is unable to move. The beds available for the purpose of healthcare are specially designed for the comfort of the patients.
Beds used in the healthcare facility centers are customized or specially modified beds. The modifications are made to for convenience of the patients. The modifications are made for the purpose of adding features to the beds. The features include adjustable heights, adjustable size, and also for the sections like head and feet. The features also include wheels, automations button for the electric devices and side trail rails and many more.
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Patients with conditions like cardiac problems, cancer, renal problems, bone fractures, spine fracture, pregnant women, old aged people and children are the major utilizers of hospitals beds. Patients are made comfortable in hospitals with the different features of beds. As the beds are available with all features required by the patient conditions. The only matter of concern is of price of the beds. But the governments and the private companies do spend much on the healthcare expenditures that helps the user to utilize the facilities.
The Europe, Middle East & Africa market of hospital beds is steady growing because of the Europe has increasing expenditures on the advanced technology in healthcare. Growing number of chronic diseases, non-chronic diseases is also rising. The market of Middle East & Africa is growing at a steady pace, but the government of this regions are providing schemes and consolidations for the healthcare facilities. Also in the Middle East and Africa region the number of incidence of the chronic diseases are increasing. The requirement for the beds and the demand from the healthcare centers is high. The overall Europe, Middle East & Africa market of hospital beds is expected to grow with a CAGR of 4%.
Key Players for Hospital bed Market:
Some of the Key Players in This Market Are: Stryker Corporation, Hilli Rom Holding. Inc., Getinge Group, Paramount Bed Co. Ltd., Invacare Corporation, Arjo Hunjtleigh, and others
Europe, Middle East & Africa hospital bed market has been segmented on the basis of types which comprises type (Standard bed, Manual bed, Hydraulic bed and Electric bed), application types (Medical/Surgical bed, Critical care bed, Maternity bed, Bariatric bed and others) and the end users types (Hospitals & Clinics, Nursing homes and Maternity homes).
Europe, Middle East & Africa region is steady growing market for the hospital bed. The Europe market for hospital bed is expected to grow at a CAGR of 4% during the forecasted period. The Europe market value was estimated USD 1,650 million in 2015 and is expected to reach USD 2,100 million by 2023. This is due to increasing expenditures on advanced technology for healthcare and increasing number of chronic and non-chronic diseases. Where the market for the Middle East & Africa is expected to grow at a rate of 2.5% CAGR during the forecasted period. The market in Middle East and Africa are rising due to the government schemes and consolidation schemes for the people. The market for Middle East & Africa is less than the developed countries.
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Detailed Table of Contents:
1 Report Prologue
2 Market Introduction
2.2 Scope Of Study
2.3 Research Objective
2.4 Assumptions & Limitations
3 Research Methodology
3.1 Research Process
3.2 Primary Research
3.3 Secondary Research
4 Market Dynamics
4.1.1 Improving Medical Furniture/Device Regulation
4.1.2 Growing Incidence Number Of Chronic And Non-Chronic Diseases
4.1.3 Increasing Prevalence Of Disease
4.1.4 Increasing Inclination Towards Healthcare Hospital & Home Based Facilities
4.2.1 Problems Associated With Features Of Bed
5 Market Factor Analysis
5.1 Porter's Five Forces Model
5.1.1 Bargaining Power Of Suppliers
5.1.2 Bargaining Power Of Buyers
5.1.3 Threat Of New Entrants
5.1.4 Threat Of Substitutes
5.1.5 Intensity Of Rivalry
5.2 Supply Chain Analysis
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