Acute Care Hospital Beds And Stretchers Market Overview
The Global Acute Care Hospital Beds And Stretchers Market reached US$ YY million in 2023 and is expected to reach US$ YY million by 2031, growing with a CAGR of YY% during the forecast period 2024-2031.
Hospital beds have the ability to be adjusted not only in height but also in head and foot size, which gives them an edge over regular home beds. For comfort and therapeutic purposes, many patients who are awake in bed want to raise their knees, feet, and heads. Many patients need a flat, level surface to sleep on; while they are awake, they can settle into a seated position to watch television or read. Various types offer varying settings for adjusting posture.
Today's hospital beds come in a variety of shapes, designs, and amenities to suit a broad range of price points. Less-priced hospital beds frequently sacrifice some of the safety, style, and sophisticated positioning options, even though almost all of them can provide some comfort and relief.
Market Scope
| Metrics | Details |
| CAGR | YY% |
| Size Available for Years | 2022-2031 |
| Forecast Period | 2024-2031 |
| Data Availability | Value (US$ Mn) |
| Segments Covered | Product Type and End-User |
| Regions Covered | North America, Europe, Asia-Pacific, South America and Middle East & Africa |
| Fastest Growing Region | Asia-Pacific |
| Largest Region | North America |
| Report Insights Covered | Competitive Landscape Analysis, Company Profile Analysis, Market Size, Share, Growth, Demand, Recent Developments, Mergers and Acquisitions, New Product Launches, Growth Strategies, Revenue Analysis, Porter’s Analysis, Pricing Analysis, Regulatory Analysis, Supply-Chain Analysis and Other key Insights. |
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Market Dynamics
The Increasing Chronic Disease Burden
Millions of people worldwide suffer greatly from infectious diseases, but another public health issue is receiving more and more attention: chronic noncommunicable diseases (NCDs), like diabetes and heart disease, are becoming some of the biggest dangers to health in the modern era. The enormous influence that non-communicable diseases (NCDs) have on personal health also affects the quality of life for those who suffer from these conditions, as well as for those who care for them.
Accroding to World Heath Organization report in September 2023, Noncommunicable diseases (NCDs) account for 41 million annual deaths worldwide, or 74% of all fatalities. 17 million individuals die from NCDs before they become 70 years old every year; low- and middle-income nations account for 86% of these premature fatalities. 77% of NCD-related deaths occur in low- and middle-income nations.
The majority of NCD deaths 17.9 million annually are caused by cardiovascular illnesses, which are followed in death by cancer (9.3 million), chronic respiratory diseases (4.1 million), and diabetes (2.0 million including deaths from renal disease induced by diabetes). Acute treatment and stretchers in order to manage and care for individuals with chronic illnesses, hospital beds are required.
High Initial Cost
Stretchers and acute care hospital beds can be costly to buy, which can be a big obstacle for medical organizations with tight resources. It can be difficult for hospitals and other healthcare institutions to find the money needed to buy new equipment. Budgetary restrictions affect the operations of many healthcare facilities, particularly those in public healthcare systems. It's possible that funding stretchers and new hospital beds won't always be the first priority, especially when there are conflicting demands on funds.
Segmentation Analysis
The global acute care hospital beds and stretchers market is segmented based on product type, end-user and region.
The beds segment accounted for approximately 45.7% of the market share
Surgical beds are specialist hospital furniture intended for use in surgical procedures. They are also sometimes called operating tables or surgical tables. These beds are a necessary part of every hospital operating room or surgical suite. Patients with surgical and medical disorders are cared for in these standard hospital beds. Patients who are stable and do not require critical care are usually the ones who use them.
Surgical beds can be easily adjusted to suit a wide range of surgical procedures as well as the unique requirements of patients and doctors. To get the ideal positioning for the patient and the surgical team, they can be tilted, rotated, lifted, and lowered. The purpose of these beds is to support and comfort the patient throughout the surgical procedure. In order to lessen pressure points and improve comfort, padded surfaces and padding are frequently utilized. Certain surgical beds come with characteristics that make them compatible with imaging devices such as C-arms and X-ray machines. For surgeries requiring real-time imaging guidance, this is crucial.
For instance, ATS Operating TableWith its four anti-static castors, the ATS Surgical table is movable. The floor lock device provides unwavering stability by bracing the table in place. In the event of a power outage, the table can be powered for hours by an optional battery backup system. Safety locks are installed on the hand controller to prevent inadvertent table movement. A button can be pressed to swiftly and effectively return to level.
Geographical Share
North America accounted for approximately 41.8% of the market share
North America has been a dominant force in the global acute care hospital beds and stretchers market. In 2023, According to CDC estimates, six out of ten persons in the US presently suffer from a chronic illness like diabetes, heart disease, or cancer. Heart disease and cancer combined account for around 38% of all deaths in the United States, making chronic diseases one of the main causes of death. However, a lot of chronic diseases are brought on by important risk factors, which can be avoided by adopting preventive measures and lowering one's risk of getting a chronic illness.
Imagine this scenario being repeated 735,000 times. According to the Centers for Disease Control (CDC), this is the number of Americans who suffer from heart attacks annually; the American Heart Association estimates that the cost to the country is approximately $12.1 billion.
In February 2021, Stryker, one of the world's leading medical technology companies, stated the EMEA debut of ProCuity, a hospital bed that operates entirely wirelessly. This bed series was created to increase nurse workflow efficiency and safety while assisting in the reduction of in-hospital patient falls at all acuity levels. Without the need for cables or wires, it can easily link to nurse call systems.
COVID-19 Impact Analysis
The outbreak of the COVID-19 pandemic in late 2019 created unprecedented challenges for industries worldwide, including the global acute care hospital beds and stretchers market. Hospital admissions increased as a result of the pandemic, especially in places with high infection rates. Hospitals have to swiftly expand their capacity to handle COVID-19 patients because of a bed shortage.
Many hospitals looked to buy more acute care hospital beds, particularly isolation and intensive care unit beds, in response to this demand. Healthcare organizations had to reevaluate their priorities as a result of the pandemic. Hospital administrators realized that in order to effectively respond to shifting patient needs in an emergency, flexible and adaptive hospital bed systems were essential.
Competitive Landscape
The major global players in the market include Hill-Rom, Stryker, Getinge Group, ArjoHuntleigh, Invacare, Medline Industries, Cardinal Health, Becton Dickinson, GE Healthcare, and Philips Healthcare among others.
Why Purchase the Report?
- To visualize the global acute care hospital beds and stretchers market segmentation based on product type, end-user and region as well as understand key commercial assets and players.
- Identify commercial opportunities by analyzing trends and co-development.
- Excel data sheet with numerous data points of acute care hospital beds and stretchers market-level with all segments.
- PDF report consists of a comprehensive analysis after exhaustive qualitative interviews and an in-depth study.
- Product mapping available as excel consisting of key products of all the major players.
The global acute care hospital beds and stretchers market report would provide approximately 53 tables, 46 figures, and 186 Pages.
Target Audience 2024
- Manufacturers/ Buyers
- Industry Investors/Investment Bankers
- Research Professionals
- Emerging Companies
