Published Date : Apr 29, 2016
The global market for hospital beds is diverse and extremely competitive. The increasing demand for cost-efficient yet highly functional products has driven the growth of this market over the last few years. The rising incidence of chronic diseases together with the augmenting base of geriatric population is projected to boost the market significantly in the coming years. Apart from this, the technical advancements in the medical and healthcare industry, coupled with the rising expenditure on healthcare across the world, are also anticipated to propel the market growth to a great extent.
Europe Dominates Global Hospital Beds Market
Europe, North America, Asia Pacific, and the Rest of the World are the key regional markets for hospital beds. Among these, Europe has emerged as the dominant regional market, owing to the rising prevalence of chronic diseases in this region. In addition to this, the remarkable increase in the healthcare expenditure is expected to fuel the demand for hospital beds in the coming years in Europe. Here is a snapshot of how the hospital beds market is performing regionally.
The worldwide market for hospital beds is consolidated in nature. Getinge Group, Stryker, and Hill-Rom Holdings Inc. are the leading companies in this market. Other prominent market participants are Medline, Graham-Field Health Products Inc., Savion, Tempur Pedic Int. Inc., Paramount Bed Co., Joerns Healthcare, Hard Manufacturing Co., Zhangjiagang Medycon Machinery Co. Ltd., BaKare Beds Ltd., Hebei Baiyang Bed, Sunrise Medical, MC Healthcare, Linet Group SE, Gendron Inc., Invacare Corp., NOA Medical, and ArjoHuntleigh.