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Europe Hospital Bed Market Overview
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.
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.
Europe Hospital Bed Market – Competitive Landscape
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.
In November 2016, LINET spol. s.r.o. launched its new range of intensive care hospital bed by the name, Eleganza 5. The bed consists of an inbuilt system called BedMonitor and monitors safety parameters, transmits data to a computer, telephone or a tablet. This system can also collect and evaluate various data, which can serve to optimize the capacity utilization of the bed, and monitor technical parameters.
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.
EUROPE HOSPITAL BED MARKET SEGMENTATION