The medical beds industry remains diverse and highly competitive. The growing demand for highly functional and less expensive products is paramount in the market. This Kalorama Information report, The World Market for Medical Beds provides those watching the medical device markets with an overview of the medical beds industry and the trends driving growth.
Medical beds include all hospital types of beds including mattresses and overlays. Included in the report are statistics influencing the industry, incidence of diseases worldwide, demographics; life expectancy, and company strategies. Information is presented as a global. market, with an emphasis on the United States market.
A market summary includes a total market analysis segmented as follows:
Types of Beds, Including:
There are several primary issues and trends affecting the medical beds market. Demographics, disease prevalence, and increasing life expectancy will continue to fuel growth in the future. New developments will also positively influence growth. Some of these issues are discussed in this study. Issues and trends explored in this study include:
World Demographics, Age of Population and Life Expectancy and Effects on Bed Purchases
The report includes a complete market share and competitive analysis. Several leading market participants are discussed in this report including:
The information for this report was gathered using both primary and secondary research including comprehensive research of secondary sources such as company literature, databases, investment reports, and medical and business journals. Telephone interviews and email correspondence were the primary method of gathering information. For the purpose of this study, Kalorama Information conducted interviews with more than 10 key industry officials, consultants, health care providers, and government personnel. These sources were the primary basis in gathering information specifically relating to revenue and market share data presented in this report. Additional interviews were completed with relevant company representatives including marketing directors, division managers, and product representatives.
All market data pertains to the world market at the manufacturers' level. Revenues represent both sales of medical beds and mattresses and overlays and rentals of medical beds, mattresses and overlays. The base year for data was 2011. Historical data was provided for the years 2009 and 2010, with forecast data provided for 2011 through 2016. Compound annual growth rates (CAGRs) are provided for the 2009-2011 and 2011-2016 periods for each region and/or segment covered. Competitive analysis is provided for the year 2011. The forecasted market analysis for 2011-2016 was largely based on demographic trends, new developments, company performance trends, merger and acquisitions, and national expansion.
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Makers of medical beds used in hospitals, nursing homes and patients' homes will see their best growth come from markets outside the U.S. and Europe, according to Kalorama Information. A new report from the healthcare market research publisher, notes that the $ 5.3 billion market for medical beds will see small growth over the next five years in traditionally strong markets, but higher growth can be expected in other countries.
Companies such as Hill-Rom, ArjoHuntleigh, Stryker and Invacare lead the market for medical beds, according to the report. The market is competitive and has become increasingly so since the introduction of cost-cutting measures in European countries and new comparative bidding processes and future device taxes in the United States as part of healthcare reform. Although these are somewhat mitigated by the aging populations in these countries and the expected associated increases in diseases and hospitalizations, the result will be small growth rates. This has marketers eyeing nations that are recently building up their healthcare systems.
Medical bed makers selling to Europe have already encountered lower sales due to cost restraints, and changes to the US healthcare system are likely to have the same effect," said Bruce Carlson, publisher of Kalorama Information. "At the same time, we expect sales of medical beds in the rest of the world to more than double by 2016."
Kalorama suggests that this will change the way bed manufacturers look at their marketing efforts and where they locate distributors and sales personnel. The report forecasts that sales outside the US and Europe will grow from 13% to 18% of total worldwide medical bed sales between now and 2016. Africa and the Middle East are among the regions that Kalorama sees companies targeting more in the future. India presently has one-fifth of the world average number of hospital beds per million population and an estimated 455,000 additional beds will be required by 2012. China and Brazil have recently introduced increased health care spending and facilities construction. Companies profiled in the report have also found customers in the Czech Republic, Russia and Romania.
This report goes into more detail with sales forecasts by type of bed, competitor profiles, key drivers and more.
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