Hospital beds are specially designed for hospitalized patients in need of some form of health care services. Hospital beds permit body positioning that is not feasible in a regular home bed. They also can be attached with other pieces of equipment that cannot be used on a regular home bed. Different types of hospital beds are available in the market. Introduction of electric and semi-electric beds have completely changed the scenario of hospital beds. The global hospital beds market is driven by increasing number of hospitals and ambulatory centers, increasing prevalence of chronic diseases, and increasing geriatric population. According to the WHO, the number of people aged over 65 was approximately 524 million in 2010 which will increase till 1.5 billion in 2050. Medical emergencies such as sport injuries, accidents, industrial mishaps, and natural calamities are increased during last decade, thus provided a huge opportunities for the hospitals to improve their promptness to tackle such medical emergencies. Hospitals and other healthcare emergency centers have increased their required facilities to handle emergencies which will fuel the market growth. Moreover, technological advancements in the healthcare and increasing availability of funds for research & development have fueled the market growth. However, high cost of the advanced hospitals beds such as electric and semi-electric beds may slow the growth of the market during the forecast period.
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Owing to the presence of the huge player in the market, some players are involve in the launching of the new products. Whereas, some major player are focusing on the acquisition and collaboration for the development of the market.
The key players profiled in hospital beds are Hill-Rom Holdings (U.S.), Stryker Corporation (U.S.), Linet spol. s r.o. (Czech Republic), Invacare Corporation (U.S.), Paramount Bed Holdings Co., Ltd. (Japan), Gendron Inc. (U.S.), and Getinge AB (Sweden).
Latest Industry Updates
Being a competitive market, a number of different manufacturer are focusing on the product launch, and acquisition for the market development. Hill-Rom Holdings is one of the leading player in the market. The company also has its brand identity and wide presence as it operates worldwide with the huge workforce. The company has a significant presence in America, Europe and many regions of Asia with commercial, manufacturing, and distributing facilities. Stryker Corporation, Linet spol. s r.o., Invacare Corporation, and Paramount Bed Holdings Co., Ltd. are some leading players in the global hospital bed market.
Some of the latest development in the market are-
June 2017, Linet spol. s r.o. is a leading global supplier of hospital beds, headquartered in Slany, Czech Republic. The company has enhanced the Eleganza 5 bed safety system by introducing i-Brake system and lowered siderail sensors this product has been equipped to increase the safety of the patients.
May 2017, Hill-Rom Holdings, headquartered in Batesville, Indiana, US, is one of the leading global medical technology company. Recently 2017 the company announced the launch of the new Hill-Rom 900 Accella bed system for higher acuity patients in intensive and acute care settings. Additionally, in 2016, the company acquired Tridien Medical which has improve the manufacturing and supplying of the products.
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The global hospital beds market is segmented into four regions namely: the Americas, Europe, Asia Pacific, and the Middle East & Africa. Europe holes the largest market share in the global hospital beds market due to increasing government support and high healthcare spending. Moreover, continuous technological development and the growing presence of the global market leaders contribute to the market growth. The Americas accounts for the second largest market due to strong economic conditions, huge geriatric population and well developed healthcare sector. Moreover, improving reimbursement policies is expected to fuel the growth of this market. Asia Pacific is the fastest growing market due increasing prevalence of chronic diseases, growing government encouragement in healthcare sector, and increasing geriatric population will boost the market growth over the forecasted period. Additionally, increasing number of hospitals, increasing number of life-threatening diseases, and increasing healthcare expenditure have fueled the growth of the market. However, the Middle East & Africa holds the least share in the market due to limited access to the healthcare resources, and lack of technological development in healthcare facilities.