Medical facilities and hospices rely on hospital beds to provide comfort to patients in need of end-of-life care. Although it may be challenging to keep a domestic bed clean and sanitary over time, hospital beds are designed to withstand heavy use and are constructed from durable materials, making them much simpler to clean and maintain. The angle and recline of a hospital bed are adjustable to meet the needs of each individual patient. When a doctor or patient requests this, the medical staff will typically do it by hand using levers on the beds. Additionally, many contemporary hospital beds offer electrical assistance for movement and patient monitoring. When only minimal assistance is available or if the patient requires a specific sleeping position, hospital beds with electrical motors are an excellent choice. Psychiatric beds, pediatric beds, maternity beds, outpatient beds, bariatric beds, ambulatory beds, terminal patient beds, and intensive care unit beds are just some of the special types of hospital beds that can be made to order.
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For the benefit of both the obstetrician and the expecting mother, maternity beds were designed to provide a relaxing environment during the birthing process. Bariatric beds, on the other hand, are made to accommodate morbidly obese patients weighing and over 100 kg, and they come with locomotion systems to help with patient transfers. In hospitals, beds with wheels made patient transfer unnecessary. When electricity is unreliable, manual beds are a great alternative. In contrast, traditional beds don’t need to be maintained or repaired nearly as often as their electronic counterparts.
Growing healthcare expenditure and occurrence of improved healthcare facilities to push the sales of hospital beds across the world
The demand for both electric and manual hospitals is expected to increase as healthcare infrastructure improves and healthcare spending rises around the world. The population may be increasing due to the replacement cycle. An increase in hospital upgrading, particularly in China and India, has created a profitable opportunity for the market players, albeit one that is developing at a glacial pace.
Asia Pacific to control the market for powered and manual hospital beds market
More hospitals can be found in Asia and the Pacific. The vast majority of these medical centres have over 250 inpatient beds. China has more hospitals than any other country, at over 69 thousand. China has over 20,000 hospitals, while India has over 15,000. As a whole, the region is responsible for a sizable portion of the global market for hospital beds.
After the Asia-Pacific region, Europe is next. The region’s hospital beds market should benefit from rising healthcare spending and the presence of improved healthcare infrastructure. The United Kingdom (UK), Germany (Germany), and France (France) are the primary economic drivers in the region. Market share in Europe is where Russia and Poland stand to benefit the most.
The North American region is the third-largest market for hospital beds worldwide. It is primarily U.S. demand that drives the region’s economy. It is estimated that the United States sells more than 85 percent of all hospital beds in North America.
Over the projection period, Latin America and the Middle East and Africa are expected to grow at a moderate pace.
The market for hospital beds, both powered and manual, is extremely competitive but also highly fragmented.
The following are examples of companies that produce and sell hospital beds:Hill-Rom Holdings, Inc., Carevel Medical Systems Private Limited, Getinge AB, Invacare Corporation, Stryker Corporation Linet spol S.r.o, Paramount Bed Co. Ltd., Meditech (India) pvt ltd, Linet Group SE, etc to name a few.
Market leaders are using different approaches, including mergers and acquisitions, to strengthen their position in the market. For example, Hill-Rom Holdings Inc. bought Voalte, Inc. in March of 2019. Hill-connected Rom’s solution, which includes smart hospital beds, will benefit from this purchase.
Market leaders are engaging in a wide range of business strategies, such as expanding into new geographies to better serve local customers. For example, the Japanese hospital bed maker Paramount Bed opened a factory in Gurugram, India, in February 2018.
Third, market leaders are concentrating on a range of business strategies, including product launches, with the aim of extending their product offerings to consumers. Hospital bed manufacturer Taleb Medical, for instance, introduced its new VitalGo Total Lift ICU Bed and other FF&E products in May 2019. This bed’s innovative design makes it possible to elevate the user to a standing position, as well as a number of intermediate positions, such as a chair.
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Leading Players Analysis
The research report’s chapter is entirely devoted to the competition environment. The Powered and Manual Hospital Beds Market key players are examined, analyzing information on their evaluation and development in addition to a quick review of the company. Understanding the techniques employed by businesses and the steps they have recently taken to combat intense rivalry allows one to examine the competitive landscape. It covers each player’s company profiles comprising sales, revenue, share, recent developments, SWOT analysis, capacity, production, revenue, gross margin, growth rate, and strategies employed by the major market players.
Different potentials in the domestic and regional markets are revealed by regional analysis of the sector. Each regional industry associated with this market is carefully examined to determine its potential for growth in the present and the future. Moreover, information on recent mergers and acquisitions that have taken place in the market is the subject of the research. This section provides important financial information about mergers and acquisitions that have recently shaped the Powered and Manual Hospital Beds Market industry.
Objectives of the Report
• To carefully analyze and forecast the size of the market by value and volume.
• To evaluate the market shares of major segments of the market
• To explain the development of the industry in different parts of the world.
• To analyze and study micro-markets in terms of their contributions to the market, their prospects, and individual growth trends.
• To offer precise and valuable details about factors affecting the Powered and Manual Hospital Beds Market forecasts
• To provide a meticulous assessment of crucial business strategies used by leading companies.
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