Asia-Pacific Hospital Bed Market – Analysis and Forecast (2021-2027)

Industry Insights by Area of Use (Acute Care, Critical Care, and Long-Term Care), by Type (General, Bariatric, Pediatric, Pressure Relief, Birthing, and Others), by Power (Manual, Electric, and Semi-Electric), and by End-User (Hospitals, Elderly Care Facilities, and Home Care Settings), and Asia-Pacific Region (China, Japan, South Korea, India, Singapore, and Rest of Asia-Pacific)

Industry Overview

The Asia-Pacific hospital bed market is expected to grow at a CAGR of 8.1% during the forecast period with its market size predicted to reach USD 2.1 billion by 2027. The Asia-Pacific hospital bed market is primarily driven by factors such as developing healthcare infrastructure, increasing healthcare expenditure, increasing geriatric population and increasing prevalence of chronic diseases. Although the demand for manual beds is the highest in the region, the electric and semi-electric hospital beds are also anticipated to showcase considerable growth in the coming years.

Market Segmentation

Insight by Area of Use

On the basis of area of use, the Asia-Pacific hospital bed market is categorized into acute care, critical care, and long-term care beds. Among different areas of use, critical care hospital bed market is expected to grow significantly during the forecast period. Critical care beds are equipped with necessary requirements under emergency situations, which provide better care to the patients.

Insight by Type

Based on type, the market is subdivided into general, bariatric, pediatric, pressure relief, birthing, and other medical beds. Among all types, the general beds are estimated to account the largest share in the hospital bed market in 2020 and are expected to grow at the fastest rate during the forecast period owing to its low cost. Developing countries in Asia such as China, India, Philippines, Vietnam, Malaysia has a huge demand for general beds due to the presence of large population and government pressure to provide the necessary infrastructure in public healthcare facilities.

Insight by Power

On the basis of power, the hospital bed industry is categorized onto into manual, electric, and semi-electric beds. Among the different types of power, the manual beds are estimated to account for the largest share in the hospital bed market in 2020 and are expected to grow at the fastest rate during the forecast period. Manual beds are easy to operate and maintain, and are also available at a lower cost than the other two categories of beds, thus making them more popular in the developing and underdeveloped economies of Asia-Pacific.

Insight by End-User

Different end-users of hospital beds include hospitals, elderly care facilities, and home care settings. Hospitals are the largest end-users of medical beds as hospitals are the primary healthcare facility for the treatment of chronic diseases and for the treatment of the majority of the population. Moreover, the aging population in the region has led to the fastest growing demand for medical beds in elderly care facilities.

Asia-Pacific Hospital Bed Market Report Coverage

Industry Dynamics

Growth Drivers

Developing healthcare infrastructure, increasing healthcare expenditure, increasing geriatric population and increasing prevalence of chronic diseases are the primary growth drivers for the Asia-Pacific hospital bed market. The region has witnessed significant growth in the expenditure over healthcare facilities for the development of the healthcare infrastructure. Moreover, the private healthcare sector has outpaced the growth in the public sector with the adoption of advanced medical equipment including medical beds in the developing economies of the region.

For instance, according to the World Bank, the healthcare expenditure as a percentage of its GDP in Japan and China was 7.15%, 4.49%, in 2000 respectively which increased to 10.90%, 5.32% in 2015.

Challenges

The high cost of electric and semi-electric beds and comparatively lower expenditure on healthcare as compared North American and Western European countries are the key challenges in the Asia-Pacific hospital bed market.

Geographic Overview

Geographically, Japan is the largest hospital bed market in the region owing to the aging population, high prevalence of chronic diseases and high healthcare expenditure. The medical beds demand in the elderly care facilities of Japan is very high, as its population is ageing rapidly.

India is the fastest growing hospital bed market among Asia-Pacific countries. The healthcare infrastructure in the country is developing with the focus of Government in rural and semi-urban areas, thus creating demand for medical beds in the country. Although most of the demand is for manual medical beds, the expanding private sector creates opportunities for the industry players for the sale of electric and semi-electric beds.

Competitive Insight

Some of the key hospital bed industry players are Stryker Corporation, Medline Industries, Inc., Invacare Corporation, Paramount Bed Holdings Co., Ltd., Jiangsu Aegean Technology Co. Ltd., Hill-Rom Holdings, Inc., Merivaara Corp., Getinge AB, Midmark Corporation, and Carevel Medical Systems Private Limited are the key players offering hospital beds.

The Asia-Pacific Hospital Bed Market report offers a comprehensive market segmentation analysis along with an estimation for the forecast period 2021–2027.

Segments Covered in the Report

• By Type
  • General Beds
  • Bariatric Beds
  • Pediatric Beds
  • Pressure Relief Beds
  • Birthing Beds
  • Others
• By Area of Use 
  • Acute Care
  • Critical Care
  • Long Term Care
• By Power 
  • Electric Bed
  • Semi-Electric Bed
  • Manual Bed
• By End-User
  • Hospitals
  • At Home Care
  • Elderly Care

Region Covered in the Report

• Asia-Pacific (APAC)
  • China
  • Japan
  • India
  • South Korea
  • Rest of Asia-Pacific

PRIMARY RESEARCH INTERVIEWS - BREAKDOWN

1. Research Overview

            1.1. The Report Offers

            1.2. Market Coverage

                        1.2.1. By Type

                        1.2.2. By Area of Usage

                        1.2.3. By Power

                        1.2.4. By End-User

                        1.2.5. By Country

            1.3. Research Phases

            1.4. Limitations

            1.5. Market Size Estimations and Forecast

                        1.5.1. Data Sources

                        1.5.1.1. Primary Research

                        1.5.1.2. Secondary Research

                        1.5.2. Methodology

                                    1.5.2.1. Data Exploration

                                    1.5.2.2. Forecast Parameters

                                    1.5.2.3. Data Validation

                                    1.5.2.4. Assumptions

                                    1.5.3. Study Period& Data Reporting Unit

2. Executive Summary

3. Market Definition

            3.1. By Type

                        3.1.1. General Beds

                        3.1.2. Bariatric Beds

                        3.1.3. Pediatric Beds

                        3.1.4. Pressure Relief Beds

                        3.1.5. Birthing Beds

                        3.1.6. Others

            3.2. By Area of Usage

                        3.2.1. Acute Care

                        3.2.2. Critical Care

                        3.2.3. Long Term Care

            3.3. By Power

                        3.3.1. Electric Bed

                        3.3.2. Semi-Electric Bed

                        3.3.3. Manual Bed

            3.4. By End-User

                        3.4.1. Hospitals

                        3.4.2. At Home Care

                        3.4.3. Elderly Care

4. Industry Overview

            4.1. Industry Dynamics

                        4.1.1. Market Growth Drivers

                        4.1.2. Market Growth Restraints

                        4.1.3. Key Market Trends

                        4.1.4. Major Opportunities

            4.2. Industry Ecosystem

                        4.2.1. Porter’s Five Forces Analysis

                        4.2.2. Strategic Development Analysis

                        4.2.3. Value Chain Analysis

            4.3. Competitive Insight

                        4.3.1. Competitive Position of Industry Players

                        4.3.2. Market Attractive Analysis

5. Asia-Pacific Market Estimate and Forecast

            5.1. By Type

            5.2. By Area of Usage

            5.3. By Power

            5.4. By End-User

            5.5. By Country

6. Japan Market Estimate and Forecast

            6.1. By Type

            6.2. By Area of Usage

            6.3. By Power

            6.4. By End-User

7. China Market Estimate and Forecast

            7.1. By Type

            7.2. By Area of Usage

            7.3. By Power

            7.4. By End-User

8. India Market Estimate and Forecast

            8.1. By Type

            8.2. By Area of Usage

            8.3. By Power

            8.4. By End-User

9. Australia Market Estimate and Forecast

            9.1. By Type

            9.2. By Area of Usage

            9.3. By Power

            9.4. By End-User

10. South Korea Market Estimate and Forecast

            10.1. By Type

            10.2. By Area of Usage

            10.3. By Power

            10.4. By End-User

11. Rest of Asia-Pacific Market Estimate and Forecast

            11.1. By Type

            11.2. By Area of Usage

            11.3. By Power

            11.4. By End-User

12. Company Profiles

            12.1. Stryker Corporation

                        12.1.1. Snapshot

                        12.1.2. Overview

                        12.1.3. Offerings

                        12.1.4. Financial Insight

                        12.1.5. Recent Developments

            12.2. Medline Industries, Inc.

                        12.2.1. Snapshot

                        12.2.2. Overview

                        12.2.3. Offerings

                        12.2.4. Financial Insight

                        12.2.5. Recent Developments

            12.3. Invacare Corporation

                        12.3.1. Snapshot

                        12.3.2. Overview

                        12.3.3. Offerings

                        12.3.4. Financial Insight

                        12.3.5. Recent Developments

            12.4. Paramount Bed Holdings Co., Ltd.

                        12.4.1. Snapshot

                        12.4.2. Overview

                        12.4.3. Offerings

                        12.4.4. Financial Insight

                        12.4.5. Recent Developments

            12.5. Jiangsu Aegean Technology Co. Ltd.

                        12.5.1. Snapshot

                        12.5.2. Overview

                        12.5.3. Offerings

                        12.5.4. Financial Insight

                        12.5.5. Recent Developments

            12.6. Hill-Rom Holdings, Inc.

                        12.6.1. Snapshot

                        12.6.2. Overview

                        12.6.3. Offerings

                        12.6.4. Financial Insight

                        12.6.5. Recent Developments

            12.7. Merivaara Corp.

                        12.7.1. Snapshot

                        12.7.2. Overview

                        12.7.3. Offerings

                        12.7.4. Financial Insight

                        12.7.5. Recent Developments

            12.8. Getinge AB

                        12.8.1. Snapshot

                        12.8.2. Overview

                        12.8.3. Offerings

                        12.8.4. Financial Insight

                        12.8.5. Recent Developments

            12.9. Midmark Corporation

                        12.9.1. Snapshot

                        12.9.2. Overview

                        12.9.3. Offerings

                        12.9.4. Financial Insight

                        12.9.5. Recent Developments

            12.10. Carevel Medical Systems Private Limited

                        12.10.1. Snapshot

                        12.10.2. Overview

                        12.10.3. Offerings

                        12.10.4. Financial Insight

                        12.10.5. Recent Developments

Note: Financial insight and recent developments are subject to the availability of information in the secondary domain.

13. Appendix

            13.1. Exchange Rates

            13.2. Abbreviations

List of Tables

Table 1 Sources
Table 2 Study Periods
Table 3 Data Reporting Unit
Table 4 Asia-Pacific Hospital Bed Market Size, by Type, 2015 – 2020 (USD Million)
Table 5 Asia-Pacific Hospital Bed Market Size, by Type, 2021 – 2027 (USD Million)
Table 6 Asia-Pacific Hospital Bed Market Size, by Area of Use, 2015 – 2020 (USD Million)
Table 7 Asia-Pacific Hospital Bed Market Size, by Area of Use, 2021 – 2027 (USD Million)
Table 8 Asia-Pacific Hospital Bed Market Size, by Power, 2015 – 2020 (USD Million)
Table 9 Asia-Pacific Hospital Bed Market Size, by Power, 2021 – 2027 (USD Million)
Table 10 Asia-Pacific Hospital Bed Market Size, by End-User, 2015 – 2020 (USD Million)
Table 11 Asia-Pacific Hospital Bed Market Size, by End-User, 2021 – 2027 (USD Million)
Table 12 Asia-Pacific Hospital Bed Market Size, by Country, 2015 – 2020 (USD Million)
Table 13 Asia-Pacific Hospital Bed Market Size, by Country, 2021 – 2027 (USD Million)
Table 14 Japan Hospital Bed Market Size, by Type, 2015 – 2020 (USD Million)
Table 15 Japan Hospital Bed Market Size, by Type, 2021 – 2027 (USD Million)
Table 16 Japan Hospital Bed Market Size, by Area of Use, 2015 – 2020 (USD Million)
Table 17 Japan Hospital Bed Market Size, by Area of Use, 2021 – 2027 (USD Million)
Table 18 Japan Hospital Bed Market Size, by Power, 2015 – 2020 (USD Million)
Table 19 Japan Hospital Bed Market Size, by Power, 2021 – 2027 (USD Million)
Table 20 Japan Hospital Bed Market Size, by End-User, 2015 – 2020 (USD Million)
Table 21 Japan Hospital Bed Market Size, by End-User, 2021 – 2027 (USD Million)
Table 22 China Hospital Bed Market Size, by Type, 2015 – 2020 (USD Million)
Table 23 China Hospital Bed Market Size, by Type, 2021 – 2027 (USD Million)
Table 24 China Hospital Bed Market Size, by Area of Use, 2015 – 2020 (USD Million)
Table 25 China Hospital Bed Market Size, by Area of Use, 2021 – 2027 (USD Million)
Table 26 China Hospital Bed Market Size, by Power, 2015 – 2020 (USD Million)
Table 27 China Hospital Bed Market Size, by Power, 2021 – 2027 (USD Million)
Table 28 China Hospital Bed Market Size, by End-User, 2015 – 2020 (USD Million)
Table 29 China Hospital Bed Market Size, by End-User, 2021 – 2027 (USD Million)
Table 30 India Hospital Bed Market Size, by Type, 2015 – 2020 (USD Million)
Table 31 India Hospital Bed Market Size, by Type, 2021 – 2027 (USD Million)
Table 32 India Hospital Bed Market Size, by Area of Use, 2015 – 2020 (USD Million)
Table 33 India Hospital Bed Market Size, by Area of Use, 2021 – 2027 (USD Million)
Table 34 India Hospital Bed Market Size, by Power, 2015 – 2020 (USD Million)
Table 35 India Hospital Bed Market Size, by Power, 2021 – 2027 (USD Million)
Table 36 India Hospital Bed Market Size, by End-User, 2015 – 2020 (USD Million)
Table 37 India Hospital Bed Market Size, by End-User, 2021 – 2027 (USD Million)
Table 38 Australia Hospital Bed Market Size, by Type, 2015 – 2020 (USD Million)
Table 39 Australia Hospital Bed Market Size, by Type, 2021 – 2027 (USD Million)
Table 40 Australia Hospital Bed Market Size, by Area of Use, 2015 – 2020 (USD Million)
Table 41 Australia Hospital Bed Market Size, by Area of Use, 2021 – 2027 (USD Million)
Table 42 Australia Hospital Bed Market Size, by Power, 2015 – 2020 (USD Million)
Table 43 Australia Hospital Bed Market Size, by Power, 2021 – 2027 (USD Million)
Table 44 Australia Hospital Bed Market Size, by End-User, 2015 – 2020 (USD Million)
Table 45 Australia Hospital Bed Market Size, by End-User, 2021 – 2027 (USD Million)
Table 46 South Korea Hospital Bed Market Size, by Type, 2015 – 2020 (USD Million)
Table 47 South Korea Hospital Bed Market Size, by Type, 2021 – 2027 (USD Million)
Table 48 South Korea Hospital Bed Market Size, by Area of Use, 2015 – 2020 (USD Million)
Table 49 South Korea Hospital Bed Market Size, by Area of Use, 2021 – 2027 (USD Million)
Table 50 South Korea Hospital Bed Market Size, by Power, 2015 – 2020 (USD Million)
Table 51 South Korea Hospital Bed Market Size, by Power, 2021 – 2027 (USD Million)
Table 52 South Korea Hospital Bed Market Size, by End-User, 2015 – 2020 (USD Million)
Table 53 South Korea Hospital Bed Market Size, by End-User, 2021 – 2027 (USD Million)
Table 54 Rest of Asia-Pacific Hospital Bed Market Size, by Type, 2015 – 2020 (USD Million)
Table 55 Rest of Asia-Pacific Hospital Bed Market Size, by Type, 2021 – 2027 (USD Million)
Table 56 Rest of Asia-Pacific Hospital Bed Market Size, by Area of Use, 2015 – 2020 (USD Million)
Table 57 Rest of Asia-Pacific Hospital Bed Market Size, by Area of Use, 2021 – 2027 (USD Million)
Table 58 Rest of Asia-Pacific Hospital Bed Market Size, by Power, 2015 – 2020 (USD Million)
Table 59 Rest of Asia-Pacific Hospital Bed Market Size, by Power, 2021 – 2027 (USD Million)
Table 60 Rest of Asia-Pacific Hospital Bed Market Size, by End-User, 2015 – 2020 (USD Million)
Table 61 Rest of Asia-Pacific Hospital Bed Market Size, by End-User, 2021 – 2027 (USD Million)
Table 62 Snapshot – Stryker Corporation
Table 63 Snapshot – Medline Industries, Inc.
Table 64 Snapshot – Invacare Corporation
Table 65 Snapshot – Paramount Bed Holdings Co., Ltd.
Table 66 Snapshot – Jiangsu Aegean Technology Co. Ltd.
Table 67 Snapshot – Hill-Rom Holdings, Inc.
Table 68 Snapshot – Merivaara Corp.
Table 69 Snapshot – Getinge AB
Table 70 Snapshot – Midmark Corporation
Table 71 Snapshot – Carevel Medical Systems Private Limited

List of Figures

Figure 1 Market Coverage
Figure 2 Research Phases
Figure 3 Secondary Sources for Different Parameters
Figure 4 Methodology
Figure 5 Data Mining & Exploration
Figure 6 Data Triangulation
Figure 7 Assumptions for Market Estimation and Forecast
Figure 8 Executive Summary
Figure 9 Asia-Pacific Hospital Bed Market - Growth Drivers and Restraints
Figure 10 Porte’s Five Forces Analysis
Figure 11 Value Chain Analysis
Figure 12 Competitive Benchmark
Figure 13 Asia-Pacific Hospital Bed Market Highlight
Figure 14 Asia-Pacific Hospital Bed Market Size, by Type, 2015 – 2027 (USD Million)
Figure 15 Asia-Pacific Hospital Bed Market Size, by Area of Use, 2015 – 2027 (USD Million)
Figure 16 Asia-Pacific Hospital Bed Market Size, by Power, 2015 – 2027 (USD Million)
Figure 17 Asia-Pacific Hospital Bed Market Size, by End-User, 2015 – 2027 (USD Million)
Figure 18 Asia-Pacific Hospital Bed Market Size, by Region, 2015 – 2027 (USD Million)
Figure 19 Japan Hospital Bed Market Highlight
Figure 20 Japan Hospital Bed Market Size, by Type, 2015 – 2027 (USD Million)
Figure 21 Japan Hospital Bed Market Size, by Area of Use, 2015 – 2027 (USD Million)
Figure 22 Japan Hospital Bed Market Size, by Power, 2015 – 2027 (USD Million)
Figure 23 Japan Hospital Bed Market Size, by End-User, 2015 – 2027 (USD Million)
Figure 24 China Hospital Bed Market Highlight
Figure 25 China Hospital Bed Market Size, by Type, 2015 – 2027 (USD Million)
Figure 26 China Hospital Bed Market Size, by Area of Use, 2015 – 2027 (USD Million)
Figure 27 China Hospital Bed Market Size, by Power, 2015 – 2027 (USD Million)
Figure 28 China Hospital Bed Market Size, by End-User, 2015 – 2027 (USD Million)
Figure 29 India Hospital Bed Market Highlight
Figure 30 India Hospital Bed Market Size, by Type, 2015 – 2027 (USD Million)
Figure 31 India Hospital Bed Market Size, by Area of Use, 2015 – 2027 (USD Million)
Figure 32 India Hospital Bed Market Size, by Power, 2015 – 2027 (USD Million)
Figure 33 India Hospital Bed Market Size, by End-User, 2015 – 2027 (USD Million)
Figure 34 Australia Hospital Bed Market Highlight
Figure 35 Australia Hospital Bed Market Size, by Type, 2015 – 2027 (USD Million)
Figure 36 Australia Hospital Bed Market Size, by Area of Use, 2015 – 2027 (USD Million)
Figure 37 Australia Hospital Bed Market Size, by Power, 2015 – 2027 (USD Million)
Figure 38 Australia Hospital Bed Market Size, by End-User, 2015 – 2027 (USD Million)
Figure 39 South Korea Hospital Bed Market Highlight
Figure 40 South Korea Hospital Bed Market Size, by Type, 2015 – 2027 (USD Million)
Figure 41 South Korea Hospital Bed Market Size, by Area of Use, 2015 – 2027 (USD Million)
Figure 42 South Korea Hospital Bed Market Size, by Power, 2015 – 2027 (USD Million)
Figure 43 South Korea Hospital Bed Market Size, by End-User, 2015 – 2027 (USD Million)
Figure 44 Rest of Asia-Pacific Hospital Bed Market Highlight
Figure 45 Rest of Asia-Pacific Hospital Bed Market Size, by Type, 2015 – 2027 (USD Million)
Figure 46 Rest of Asia-Pacific Hospital Bed Market Size, by Area of Use, 2015 – 2027 (USD Million)
Figure 47 Rest of Asia-Pacific Hospital Bed Market Size, by Power, 2015 – 2027 (USD Million)
Figure 48 Rest of Asia-Pacific Hospital Bed Market Size, by End-User, 2015 – 2027 (USD Million)