Hospital beds have evolved over the last decade. New and multipurpose hospital beds have entered the market, enabling health care providers to provide better care to the patients. Based on patient requirements and conditions, various types of hospital beds are available such as flower beds and ICU beds. These beds are of three main types: manual hospital beds, semi-electric hospital beds, and electric hospital beds. Manufacturers are developing innovative designs and functionalities for these beds. This has led to increasing use of various accessories in these beds. Hospital bed accessories are an integral part of these beds. These allow a patient and health care provider to perform various functions during the patient treatment duration. Demand for new hospital bed accessories is increasing owing to growing innovation and new accessory designs.

Major factor fueling the growth of the global hospital bed accessories market is rising demand for new hospital beds, owing to increasing number of patients suffering from chronic diseases. Longer hospital stays, large inflow of patients in hospital inpatient settings, and rising health care expenditure in emerging countries, leading to developing hospital infrastructure in these countries are expected to drive the market. According to statistics from the World Bank, the World Health Organization (WHO), and regional organizations such as the Organization of Economic Cooperation & Development (OECD), there has been a considerable gap in number of hospital beds per 1,000 population, especially in emerging as well as developed nations. The number of hospital beds required is expected to increase by two- to threefold by 2020. This combined with increasing innovations in the hospital beds accessories, and new and advanced product offerings by manufacturers are anticipated to drive the global hospital bed accessories market during the forecast period.

The global hospital bed accessories market has been segmented based on product type, material, end user, and region. In terms of product type, the market has been segmented into mattresses, bed side rails, over bed tables, in-bed bathing products, and other products. Based on material, the global hospital bed accessories market has been segmented into foam, stainless steel, aluminum, and others. The foam segment dominated the global hospital bed accessories market; however, the aluminum segment is expected to expand at a high CAGR during the forecast period. Based on end user, the global hospital bed accessories market has been divided into hospitals, nursing care centers, outpatient clinics, long-term care centers, and home care settings. The hospitals segment dominated the global market in 2016, attributed to factors such as rising patient population and longer duration of treatment and hospital stay. However, changing patient preference and shift toward home care settings in patients suffering from chronic diseases and immobility are factors expected to propel the growth of the home care setting segment in the global hospital bed accessories market during the forecast period.

In terms of region, the global hospital bed accessories market has been segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. North America is projected to dominate the global hospital bed accessories market in 2016, owing to developed hospital infrastructure and rising demand for new and advanced products. Europe accounted for the second largest share of the global hospital bed accessories market in 2016, followed by Asia Pacific. Increasing demand for hospital beds and developing hospital infrastructure in Asia Pacific and Middle East & Africa are expected to drive the global hospital bed accessories market between 2017 and 2025.

Key players operating in the global hospital bed accessories market include Vitality Medical, Stryker Corporation, Spinlife LLC, ArjoHuntleigh, Favero Health Projects Spa, and SEERS Medical Limited.

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Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:

  • Customer Experience Maps
  • Insights and Tools based on data-driven research
  • Actionable Results to meet all the business priorities
  • Strategic Frameworks to boost the growth journey

The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.

The following regional segments are covered comprehensively:

  • North America
  • Asia Pacific
  • Europe
  • Latin America
  • The Middle East and Africa

The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.

Below is a snapshot of these quadrants.

1. Customer Experience Map

The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.

2. Insights and Tools

The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.

3. Actionable Results

The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.

4. Strategic Frameworks

The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.

The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:

1. What can be the best investment choices for venturing into new product and service lines?

2. What value propositions should businesses aim at while making new research and development funding?

3. Which regulations will be most helpful for stakeholders to boost their supply chain network?

4. Which regions might see the demand maturing in certain segments in near future?

5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?

6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?

7. Which government regulations might challenge the status of key regional markets?

8. How will the emerging political and economic scenario affect opportunities in key growth areas?

9. What are some of the value-grab opportunities in various segments?

10. What will be the barrier to entry for new players in the market?

Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.

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Hospital Bed Accessories Market