World - Global Hospital Beds (Powered and Manual) Market to Reach US$4.0 Billion by 2017

GIA announces the release of a comprehensive global report on Hospital Beds (Powered and Manual) markets. Global Hospital Beds (Powered and Manual) market is projected to reach US$4.0 billion by 2017.

Medical bed manufacturers are expected to witness potential growth opportunities in Asia-Pacific, Latin America, and Middle East markets where economic growth, corresponding increase in living standards, and aging population continue to enhance demand for better health care facilities.

The global hospital beds market has increasingly become competitive in the recent past, especially with the launch of cost-cutting initiatives across Europe and changes in the US healthcare system in the form of device taxes and new comparative bidding processes.

The aging populations in Europe and the US, and associated growth in diseases and hospitalizations, are likely to infuse some strength into the market, resulting in marginal increase in overall growth. The scenario continues to press the market participants to shift focus towards countries that are actively developing their healthcare systems.

In 2009, the global economic downturn dented growth prospects across all industries including healthcare, particularly in developed countries including the US and Europe. In North America, the conditions were particularly weak as customers looked towards delay of capital purchases.

However, the need for ensuring greater safety for patients and to improve patient outcomes compelled several hospitals to make strategic purchasing decisions, despite the adverse economic conditions. The need to replace aging hospital infrastructure, particularly patient beds, proved to be key driving factor for hospitals seeking to make investments in such products.

As stated by the new market research report on Hospital Beds (Powered and Manual), the US continues to remain the largest regional market. A relatively mature market for hospital beds, growth in the US is driven by replacement demand for hospital beds incorporating advanced technology. Asia-Pacific represents the fastest growing market.

The medical system in Asia-Pacific is gradually modernizing, and most countries in this region are looking to the West for high scale technology. Government efforts for improving healthcare services are enhancing emphasis on new hospital construction activity as well as renovation/upgrade of existing infrastructure in the region, which in turn is expected to fuel demand for hospital beds. Segment-wise, General Purpose Beds represents the largest product segment, while Pressure Relief Beds represent the fastest growing segment.

Major players profiled in the report include Hill-Rom Holdings Inc., ArjoHuntleigh, Invacare Corporation, Kinetic Concepts Inc., Paramount Bed Co., Ltd., Stryker Corporation, and Sunrise Medical Inc.

The research report titled "Hospital Beds (Powered and Manual): A Global Strategic Business Report" announced by Global Industry Analysts, Inc., provides a comprehensive review of trends, issues, strategic industry activities, and profiles of major companies worldwide. The report provides annual sales estimates and projections for the following geographic markets - US, Canada, Japan, Europe, Asia-Pacific, Latin America, and Rest of World. Key segments and sub-segments analyzed include General Purpose Beds, Birthing Beds, Pediatric Beds, and Pressure Relief Beds (Air Fluidized Beds, and Low Air-Loss Beds).

For more details about this comprehensive market research report, please visit -

www.strategyr.com/Hospital_Beds_Powered_and_Manual_Market_Report.asp

About Global Industry Analysts, Inc.

Global Industry Analysts, Inc., (GIA) is a leading publisher of off-the-shelf market research. Founded in 1987, the company currently employs over 800 people worldwide. Annually, GIA publishes more than 1300 full-scale research reports and analyzes 40,000+ market and technology trends while monitoring more than 126,000 Companies worldwide. Serving over 9500 clients in 27 countries, GIA is recognized today, as one of the world's largest and reputed market research firms.

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