South America Hospital Bed Market Forecast to 2028 – COVID

South America Hospital Bed Market Forecast to 2028 – COVID-19 Impact and Regional Analysis – by Type (Semi-Electric Bed, Electric Bed, and Manual Bed), Usage (Acute Care Bed, Long-term Care Bed, Psychiatric Care Bed, and Others), Application (Non-Intensive Care Bed and Intensive Care Bed), and End User (Hospitals & Clinics, Elderly Care Facilities, Ambulatory Surgical Centers, and Home Care Settings)

Report Code : BMIRE00027531 | Region : LAMEA | Industry : Medical Device | Published Date : 21/Nov/2022

The hospital bed market in South America is expected to grow from US$ 163.82 million in 2022 to US$ 212.63 million by 2028; it is estimated to grow at a CAGR of 4.4% from 2022 to 2028.

Home Healthcare Services for Geriatric Populations and Postoperative Care

Home healthcare (HHC) services range from nursing care to specialized medical services, involving laboratory work. As HHC is provided remotely, it is less expensive, and more convenient and effective than the care given in hospitals or expert nursing facilities. For example, the NITI Aayog report states that HHC services save ~15–30% on real estate and infrastructure compared to hospital expenses associated with similar treatment. Further, postoperative care is a critical part of the HHC, with many large hospitals offering an extensive continuum of care. For example, healthcare technology companies offer streamlined critical care at home with advanced facilities. A report by the World Health Organization (WHO) states that more people are at a high risk of developing chronic diseases, ill-health, and dependency with age by 2030. By 2050, 2 billion people would be at the age of 60, with 80% of them living in developing countries. With the high preference for HHC services among the geriatric population, the demand for hospital beds is likely to reach an all-time high in the near future. These factors are likely to accelerate the demand for hospital beds in the coming years.

Market Overview

The South America hospital bed market is segmented into Brazil, Argentina, and the Rest of South America. The growth of the market for hospital beds in the region is attributed to rising prevalence of chronic diseases and government expenditure on healthcare to boost medical facilities. Brazil is the sixth-largest economy in the world and by far the largest in South America. It has one of the world's most rapidly developing economies. Brazil will likely serve various growth opportunities for the hospital bed market players during the forecast period.

South America Hospital Bed Market Revenue and Forecast to 2028 (US$ Million)

South America Hospital Bed Market Segmentation

The South America hospital bed market is segmented on the basis of type, usage, application, end user, and country. Based on type, the market is segmented into semi-electric bed, electric bed, and manual bed. The semi-electric bed segment held the largest market share in 2022.

Based on usage, the market is segmented into acute care bed, long-term care bed, psychiatric care bed, and others. The acute care bed segment held the largest market share in 2022. Based on application, the market is bifurcated into non-intensive care bed and intensive care bed. The non-intensive care bed segment held a larger market share in 2022. Based on end user, the market is categorized into hospitals & clinics, elderly care facilities, ambulatory surgical centers, and home care settings. The hospitals & clinics segment held the largest market share in 2022. Based on country, the market is segmented into Brazil, Argentina, and Rest of South America. Brazil dominated the market in 2022. Hill Rom Holding inc. (Baxter); Stryker Corporation; Arjo Medical Devices; Paramount Bed Holdings Co., Ltd.; Malvestio Spa; Savion Industries; and STIEGELMEYER GMBH & CO.KG are among the leading companies operating in the South America hospital bed market.

At 4.4% CAGR, the South America Hospital Bed Market is speculated to be worth US$ 212.63 million by 2028, says The Insight Partners

According to The Insight Partners’ research, the South America hospital bed market was valued at US$ 163.82 million in 2022 and is expected to reach US$ 212.63 million by 2028, registering an annual growth rate of 4.4% from 2022 to 2028. Rising prevalence of chronic diseases and growing preference for highly equipped hospital bed with innovative features.

According to a report by the Institute of Electrical and Electronics Engineers (IEEE), continuous patient monitoring during hospitalization is necessary for risk identification, and early diagnosis and treatment, resulting in reduced mortality and morbidity, and hospitalization costs. The fall of patients from bed, and bedsores or pressure sores can seriously harm them. Pressure ulcers or bedsores can be avoided by timely, accurate mapping of pressure points for inhibiting tissue perfusion, which might lead to a patient's death. Smart hospital bed, enabled with advanced technologies, have highly developed embedded control functions and interactivity. They support new functionalities such as continuous monitoring of patients’ vital signs, preventing them from falling off the bed, and averting the development of pressure ulcers. In September 2021, Baxter announced a collaboration with Hillrom, Inc. for developing smart hospital bed with Hillrom, accounting for US$ 10.5 billion for manufacturing hospital bed. In October 2020, Stryker announced the launching of smart hospital bed with the industry's first and only completed wireless hospital bed, namely, "ProCuity." The newly launched product was designed to help reduce in-hospital patient falls at all acuity levels, improve nurse workflow and safety, and help lower hospital costs. This is expected to drive the market during the forecast period.

On the contrary, bedsores or compression sores associated with hospital bed hurdles the growth of South America hospital bed market.

Based on type, the South America hospital bed market is categorized into semi-electric bed, electric bed, and manual bed. The semi-electric bed segment held 42.8% market share in 2022, amassing US$ 70.12 million. It is projected to garner US$ 90.22 million by 2028 to expand at 4.3% CAGR during 2022–2028. Based on usage, the South America hospital bed market is categorized into acute care bed, long-term care bed, psychiatric care bed, and others. The acute care bed segment held 47.0% market share in 2022, amassing US$ 76.95 million. It is projected to garner US$ 98.59 million by 2028 to expand at 4.2% CAGR during 2022–2028. Based on application, the South America hospital bed market is bifurcated into non-intensive care bed and intensive care bed. The non-intensive care bed segment held 52.1% market share in 2022, amassing US$ 85.28 million. It is projected to garner US$ 114.23 million by 2028 to expand at 5.0% CAGR during 2022–2028 Based on end user, the South America hospital bed market is categorized into hospitals & clinics, elderly care facilities, ambulatory surgical centers, and home care settings. The hospitals & clinics segment held 49.3% market share in 2022, amassing US$ 80.83 million. It is projected to garner US$ 107.17 million by 2028 to expand at 4.8% CAGR during 2022–2028. Based on country, the South America hospital bed market has been categorized into the Brazil, Argentina, and Rest of South America. Our regional analysis states that Brazil captured 55.3% market share in 2022. It was assessed at US$ 90.55 million in 2022 and is likely to hit US$ 122.66 million by 2028, exhibiting a CAGR of 5.2% during the forecast period. Key players dominating the South America hospital bed market are Hill Rom Holding inc. (Baxter); Stryker Corporation; Arjo Medical Devices; Paramount Bed Holdings Co., Ltd.; Malvestio Spa; Savion Industries; and STIEGELMEYER GMBH & CO.KG among others.

In June 2022, Stryker strengthens its R&D capabilities with advanced Global Technology Center. In Oct 2020, Electric Bed for ICU "ALIUS Series ICU Bed" Wins 2020 Good Design Award.

TABLE OF CONTENTS

1. Introduction

1.1 Study Scope

1.2 The Insight Partners Research Report Guidance

1.3 Market Segmentation

1.3.1 SAM Hospital Bed Market – By Type

1.3.2 SAM Hospital Bed Market – By Usage

1.3.3 SAM Hospital Bed Market – By Application

1.3.4 SAM Hospital Bed Market – By End User

1.3.5 SAM Hospital Bed Market – By Country

2. Key Takeaways

3. Research Methodology

3.1 Coverage

3.2 Secondary Research

3.3 Primary Research

4. SAM Hospital Bed Market – Market Landscape

4.1 Overview

4.2 PEST Analysis

4.2.1 SAM PEST Analysis

4.3 Experts Opinion

5. SAM Hospital Bed Market – Key Market Dynamics

5.1 Market Drivers

5.1.1 Rising Prevalence of Chronic Diseases

5.1.2 Growing Preference for Highly Equipped Hospital Bed with Innovative Features

5.2 Market Restraints

5.2.1 Bedsores or Pressure Sores Associated with Hospital Bed

5.3 Market Opportunities

5.3.1 Home Healthcare Services for Geriatric Populations and Postoperative Care

5.4 Future Trends

5.4.1 Increasing Popularity of Smart Hospital Bed

5.5 Impact Analysis

6. Hospital Bed Market – SAM Analysis

6.1 SAM Hospital Bed Market Revenue Forecast & Analysis

7. SAM Hospital Bed Market Analysis – By Type

7.1 Overview

7.2 SAM Hospital Bed Market, by Type, 2021 & 2028 (%)

7.3 Semi-Electric Bed

7.3.1 Overview

7.3.2 Semi-Electric Bed Market Revenue and Forecast to 2028 (US$ Million)

7.4 Electric-Bed

7.4.1 Overview

7.4.2 Electric-Bed Market Revenue and Forecast to 2028 (US$ Million)

7.5 Manual Bed

7.5.1 Overview

7.5.2 Manual Bed Market Revenue and Forecast to 2028 (US$ Million)

8. SAM Hospital Bed Market Analysis – By Usage

8.1 Overview

8.2 SAM Hospital Bed Market, by Usage, 2021 & 2028 (%)

8.3 Acute Care Bed

8.3.1 Overview

8.3.2 Acute Care Bed Market Revenue and Forecast to 2028 (US$ Million)

8.4 Long-Term Care Bed

8.4.1 Overview

8.5 Psychiatric Care Bed

8.5.1 Overview

8.5.2 Psychiatric Care Bed Market Revenue and Forecast to 2028 (US$ Million)

8.6 Others

8.6.1 Overview

8.6.2 Others Market Revenue and Forecast to 2028 (US$ Million)

9. SAM Hospital Bed Market Analysis – By Application

9.1 Overview

9.2 SAM Hospital Bed Market, by Application, 2021 & 2028 (%)

9.3 Non-Intensive Care Bed

9.3.1 Overview

9.3.2 Non-Intensive Care Bed Market Revenue and Forecast to 2028 (US$ Million)

9.4 Intensive Care Bed

9.4.1 Overview

9.4.2 Intensive Care Bed Market Revenue and Forecast to 2028 (US$ Million)

10. SAM Hospital Bed Market Analysis – By End User

10.1 Overview

10.2 SAM Hospital Bed Market, by End User, 2021 & 2028 (%)

10.3 Hospitals and Clinics

10.3.1 Overview

10.3.2 Hospitals and Clinics Market Revenue and Forecast to 2028 (US$ Million)

10.4 Elderly Care Facilities

10.4.1 Overview

10.4.2 Elderly Care Facilities Market Revenue and Forecast to 2028 (US$ Million)

10.5 Ambulatory Surgical Centers

10.5.1 Overview

10.5.2 Ambulatory Surgical Centres Market Revenue and Forecast to 2028 (US$ Million)

10.6 Home care Settings

10.6.1 Overview

10.6.2 Home care Settings Market Revenue and Forecast to 2028 (US$ Million)

11. SAM Hospital Bed Market – By Country Analysis

11.1 SAM Hospital Bed Market Revenue and Forecasts To 2028

11.1.1 Overview

11.1.2 SAM: Hospital Bed Market, by Country, 2022 & 2028 (%)

11.1.2.1 Brazil Hospital Bed Market Revenue and Forecasts to 2028 (US$ Mn)

11.1.2.1.1 Overview

11.1.2.1.2 Brazil: Hospital Bed Market – Revenue and Forecast to 2028 (US$ Million)

11.1.2.1.3 Brazil: Hospital Bed Market, by Type, 2020–2028 (US$ Million)

11.1.2.1.4 Brazil: Hospital Bed Market, by Usage, 2020–2028 (US$ Million)

11.1.2.1.5 Brazil: Hospital Bed Market, by Application, 2020–2028 (US$ Million)

11.1.2.1.6 Brazil: Hospital Bed Market, by End User, 2020–2028 (US$ Million)

11.1.2.2 Argentina Hospital Bed Market Revenue and Forecasts to 2028 (US$ Mn)

11.1.2.2.1 Overview

11.1.2.2.2 Argentina: Hospital Bed Market – Revenue and Forecast to 2028 (US$ Million)

11.1.2.2.3 Argentina: Hospital Bed Market, by Type, 2020–2028 (US$ Million)

11.1.2.2.4 Argentina: Hospital Bed Market, by Usage, 2020–2028 (US$ Million)

11.1.2.2.5 Argentina: Hospital Bed Market, by Application, 2020–2028 (US$ Million)

11.1.2.2.6 Argentina: Hospital Bed Market, by End User, 2020–2028 (US$ Million)

11.1.2.3 Rest of SAM Hospital Bed Market Revenue and Forecasts to 2028 (US$ Mn)

11.1.2.3.1 Overview

11.1.2.3.2 Rest of SAM: Hospital Bed Market – Revenue and Forecast to 2028 (US$ Million)

11.1.2.3.3 Rest of SAM: Hospital Bed Market, by Type, 2020–2028 (US$ Million)

11.1.2.3.4 Rest of SAM: Hospital Bed Market, by Usage, 2020–2028 (US$ Million)

11.1.2.3.5 Rest of SAM: Hospital Bed Market, by Application, 2020–2028 (US$ Million)

11.1.2.3.6 Rest of SAM: Hospital Bed Market, by End User, 2020–2028 (US$ Million)

12. Hospital Bed Market–Industry Landscape

12.1 Overview

12.2 Growth Strategies in the Hospital Bed Market (%)

12.3 Organic Developments

12.3.1 Overview

12.4 Inorganic Developments

12.4.1 Overview

13. Company Profiles

13.1 Hill Rom Holding Inc. (Baxter)

13.1.1 Key Facts

13.1.2 Business Description

13.1.3 Products and Services

13.1.4 Financial Overview

13.1.5 SWOT Analysis

13.1.6 Key Developments

13.2 Stryker Corporation

13.2.1 Key Facts

13.2.2 Business Description

13.2.3 Products and Services

13.2.4 Financial Overview

13.2.5 SWOT Analysis

13.2.6 Key Developments

13.3 Arjo Medical Devices

13.3.1 Key Facts

13.3.2 Business Description

13.3.3 Products and Services

13.3.4 Financial Overview

13.3.5 SWOT Analysis

13.3.6 Key Developments

13.4 Paramount Bed Holdings Co., Ltd.

13.4.1 Key Facts

13.4.2 Business Description

13.4.3 Products and Services

13.4.4 Financial Overview

13.4.5 SWOT Analysis

13.4.6 Key Developments

13.5 Malvestio Spa

13.5.1 Key Facts

13.5.2 Business Description

13.5.3 Products and Services

13.5.4 Financial Overview

13.5.5 SWOT Analysis

13.5.6 Key Developments

13.6 Savion Industries

13.6.1 Key Facts

13.6.2 Business Description

13.6.3 Products and Services

13.6.4 Financial Overview

13.6.5 SWOT Analysis

13.6.6 Key Developments

13.7 STIEGELMEYER GMBH & CO.KG

13.7.1 Key Facts

13.7.2 Business Description

13.7.3 Products and Services

13.7.4 Financial Overview

13.7.5 SWOT Analysis

13.7.6 Key Developments

14. Appendix

14.1 About The Insight Partners

14.2 Glossary of Terms

LIST OF TABLES.

Table 1. Brazil Hospital Bed Market, by Type – Revenue and Forecast to 2028 (USD Million)

Table 2. Brazil Hospital Bed Market, by Usage – Revenue and Forecast to 2028 (USD Million)

Table 3. Brazil Hospital Bed Market, by Application – Revenue and Forecast to 2028 (USD Million)

Table 4. Brazil Hospital Bed Market, by End User – Revenue and Forecast to 2028 (USD Million)

Table 5. Argentina Hospital Bed Market, by Type – Revenue and Forecast to 2028 (USD Million)

Table 6. Argentina Hospital Bed Market, by Usage – Revenue and Forecast to 2028 (USD Million)

Table 7. Argentina Hospital Bed Market, by Application – Revenue and Forecast to 2028 (USD Million)

Table 8. Argentina Hospital Bed Market, by End User – Revenue and Forecast to 2028 (USD Million)

Table 9. Rest of SAM Hospital Bed Market, by Type – Revenue and Forecast to 2028 (USD Million)

Table 10. Rest of SAM Hospital Bed Market, by Usage – Revenue and Forecast to 2028 (USD Million)

Table 11. Rest of SAM Hospital Bed Market, by Application – Revenue and Forecast to 2028 (USD Million)

Table 12. Rest of SAM Hospital Bed Market, by End User – Revenue and Forecast to 2028 (USD Million)

Table 13. Organic Developments in the Hospital Bed Market

Table 14. Inorganic Developments in the Hospital Bed Market

Table 15. Glossary of Terms

LIST OF FIGURES.

Figure 1. SAM Hospital Bed Market Segmentation

Figure 2. SAM Hospital Bed Market, By Country

Figure 3. SAM Hospital Bed Market Overview

Figure 4. Semi-Electric Bed Holds Maximum Share in Hospital Bed Market

Figure 5. Brazil is Expected to Show Remarkable Growth During the Forecast Period

Figure 6. SAM: PEST Analysis

Figure 7. SAM Experts Opinion

Figure 8. SAM Impact Analysis

Figure 9. SAM Hospital Bed Market – Revenue Forecast and Analysis – 2020- 2028

Figure 10. SAM Hospital Bed Market, by Type, 2021 & 2028 (%)

Figure 11. SAM Semi-Electric Bed Market Revenue and Forecast to 2028 (US$ Million)

Figure 12. SAM Electric-Bed Market Revenue and Forecast to 2028 (US$ Million)

Figure 13. SAM Manual Bed Market Revenue and Forecast to 2028 (US$ Million)

Figure 14. SAM Hospital Bed Market, by Usage, 2021 & 2028 (%)

Figure 15. SAM Acute Care Bed Market Revenue and Forecast to 2028 (US$ Million)

Figure 16. SAM Long-Term Care Bed Market Revenue and Forecast to 2028 (US$ Million)

Figure 17. SAM Psychiatric Care Bed Market Revenue and Forecast to 2028 (US$ Million)

Figure 18. SAM Others Market Revenue and Forecast to 2028 (US$ Million)

Figure 19. SAM Hospital Bed Market, by Application, 2021 & 2028 (%)

Figure 20. SAM Non-Intensive Care Bed Market Revenue and Forecast to 2028 (US$ Million)

Figure 21. SAM Intensive Care Bed Market Revenue and Forecast to 2028 (US$ Million)

Figure 22. SAM Hospital Bed Market, by End User, 2021 & 2028 (%)

Figure 23. SAM Hospitals and Clinics Market Revenue and Forecast to 2028 (US$ Million)

Figure 24. SAM Elderly Care Facilities Market Revenue and Forecast to 2028 (US$ Million)

Figure 25. SAM Ambulatory Surgical Centers Market Revenue and Forecast to 2028 (US$ Million)

Figure 26. SAM Home care Settings Market Revenue and Forecast to 2028 (US$ Million)

Figure 27. SAM Hospital Bed Market Revenue Overview, by Country, 2021 (US$ Mn)

Figure 28. SAM: Hospital Bed Market by Country, 2022 & 2028 (%)

Figure 29. Brazil: Hospital Bed Market – Revenue and Forecast to 2028 (US$ Million)

Figure 30. Argentina: Hospital Bed Market – Revenue and Forecast to 2028 (US$ Million)

Figure 31. Rest of SAM: Hospital Bed Market – Revenue and Forecast to 2028 (US$ Million)

Figure 32. Growth Strategies in the Hospital Bed Market (%)

The List of Companies - South America Hospital Bed Market

● Hill Rom Holding inc. (Baxter)

● Stryker Corporation

● Arjo Medical Devices

● Malvestio Spa

● Savion Industries

● STIEGELMEYER GMBH & CO.KG

● Save and reduce time carrying out entry-level research by identifying the growth, size, leading players, and segments in the South America hospital bed market.

● Highlights key business priorities in order to assist companies to realign their business strategies

● The key findings and recommendations highlight crucial progressive industry trends in the South America hospital bed market, thereby allowing players across the value chain to develop effective long-term strategies

● Develop/modify business expansion plans by using substantial growth offering developed and emerging markets

● Scrutinize in-depth South America market trends and outlook coupled with the factors driving the South America hospital bed market, as well as those hindering it

● Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing, and distribution

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