Medical beds – Review of an insightful report on this important global Industry
The medical beds industry remains diverse and highly competitive. The growing demand for highly functional and less expensive products is paramount in the market. A research has been conducted and published by Kalorama Information – a renowned research organization, that gives an overview of the World Market for Medical Beds for those interested in watching the medical device markets with an overview of the medical beds industry and the trends driving growth.
Medical beds include all types of hospital 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.
Kalorama’s report is the result of rigorous secondary and primary research into the medical bed industry. Senior executives at key companies were interviewed. The report contains 32 market segments, analyzing the market for beds by type of bed, mechanism, setting used and region.
A market summry includes a total market analysis segmented as follows:
Types of Beds: Regular, Birthing, Pediatric, Bariatric and others. Each type of hospital beds perform various functions according to the patient’s needs. These beds may be powered by: Electricity, Manually or Semi Electric. The report has divided the he Major Regional Markets for Medical Beds into the following segments:
- US Hospital Beds, US Long Term Care Beds, US Home Care Beds.
- Europe Hospital Beds, Europe Long Term Care Beds, Europe Home Care Beds.
- Japan Hospital Beds, Japan Long Term Care Beds, Japan Home Care Beds.
- Asia All Medical Beds, Asia Hospital Bed, Asia Long Term Care Beds, Asia Home Care Beds.
- Rest of World Hospital Beds, Rest of World Long Term Care Beds, Rest of World Home Care Beds.
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
- Increasing Incidence of Disease
- Results of Recent Acquisitions
- Healthcare Reform
- Bed Safety and Safety Rail Issues
- Insurance and Reimbursement
- The Impact of the Competitive Bidding Program
The report includes a complete market share and competitive analysis. Several leading market participants are discussed in this report including:
- Gendron, Inc.
- Graham-Field Health Products, Inc.
- Hard Manufacturing Co
- Hebei Baiyang Bed Industry Manufactory
- Invacare Corporation
- Joerns Healthcare
- Linet Group SE
- MC Healthcare Products
- Medline Industries
- NOA Medical Industries
- Paramount Bed Co
- Savion Industries
- Stryker Medical
- Sunrise Medical
- Tempur Pedic International, Inc.
- Zhangjiagang Medycon Machinery Co Ltd.
The information for this report was gathered using Primary and secondary sources including comprehensive research of secondary sources such as company literature, databases, investment reports, and medical and business journals. The primary methods of gathering information were; Telephone interviews and email correspondence. 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 2010 and 2012, with forecast data provided for 2013 through 2018. Compound annual growth rates (CAGRs) are provided for the 2010-2012 and 2013-2018 periods for each region and/or segment covered. Competitive analysis is provided for the year 2011. The fore-casted market analysis for 2013-2018 was largely based on demographic trends, new developments, company performance trends, merger and acquisitions, and national expansion.