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 (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.
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 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.
Table of Contents
1. Introduction
3. Research Methodology
4. SAM Hospital Bed Market - Market Landscape
5. SAM Hospital Bed Market - Key Market Dynamics
6. Hospital Bed Market - SAM Analysis
7. SAM Hospital Bed Market Analysis - By Type
8. SAM Hospital Bed Market Analysis - By Usage
9. SAM Hospital Bed Market Analysis - By Application
10. SAM Hospital Bed Market Analysis - By End User
11. SAM Hospital Bed Market - By Country Analysis
12. Hospital Bed Market-Industry Landscape
13. Company Profiles
14. Appendix
List of Tables
List of Figures
Companies Mentioned
- Hill Rom Holding Inc. (Baxter)
- Stryker Corporation
- Arjo Medical Devices
- Malvestio Spa
- Savion Industries
- Stiegelmeyer Gmbh & Co.Kg
Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 118 |
| Published | November 2022 |
| Forecast Period | 2022 - 2028 |
| Estimated Market Value ( $ | $ 163.82 Million |
| Forecasted Market Value ( $ | $ 212.63 Million |
| Compound Annual Growth Rate | 4.4% |
| No. of Companies Mentioned | 6 |
