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.
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.
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.
| Report Attribute | Details |
|---|---|
| Market size in 2022 | US$ 163.82 Million |
| Market Size by 2028 | US$ 212.63 Million |
| CAGR (2022 - 2028) | 4.4% |
| Historical Data | 2020-2021 |
| Forecast period | 2023-2028 |
| Segments Covered |
By Type
|
| Regions and Countries Covered |
South and Central America
|
| Market leaders and key company profiles |
|
The South America Hospital Bed Market is valued at US$ 163.82 Million in 2022, it is projected to reach US$ 212.63 Million by 2028.
As per our report South America Hospital Bed Market, the market size is valued at US$ 163.82 Million in 2022, projecting it to reach US$ 212.63 Million by 2028. This translates to a CAGR of approximately 4.4% during the forecast period.
The South America Hospital Bed Market report typically cover these key segments-
The historic period, base year, and forecast period can vary slightly depending on the specific market research report. However, for the South America Hospital Bed Market report:
The South America Hospital Bed Market is populated by several key players, each contributing to its growth and innovation. Some of the major players include:
The South America Hospital Bed Market report is valuable for diverse stakeholders, including:
Essentially, anyone involved in or considering involvement in the South America Hospital Bed Market value chain can benefit from the information contained in a comprehensive market report.
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