Hospital Beds Market to Reach $4.4 Billion by 2010, According to New Report by Global Industry Analysts, Inc.
Global Hospital Beds market is projected to reach US$4.4 billion by 2010. Worldwide hospital beds market is experiencing moderate growth, as the industry in most developed countries undergoes consolidation with lower hospital utilization.
San Jose, CA (PRWEB) July 12, 2007 -- Globally there is shortage of patient beds due to growing demand from the worldwide aging population, which is outpacing supply of beds in medical facilities. The fast aging world population is creating substantial demand for in-home medical services. General Purpose Beds market, the largest product category in the Hospital Beds market is projected to cross US$1.7 billion by 2010. United States remains the single largest market for hospital beds, accounting for more than 40% share. Asia-Pacific represents the fastest growing market registering a CAGR of 4.9%, over 2001-2010 period. Economic growth, corresponding increase in living standards, and aging population will continue to create a greater demand for better health care facilities in the Asia Pacific region. Pressure Relief Beds market in the region is estimated at US$120 million for 2007, while the Pediatric Beds market is projected to reach US$71 million by 2010. Within Europe, Germany, France, Italy and United Kingdom account for more than 65% of the hospital beds market. Birthing Beds market in the region is expected to show minimal growth over the analysis period.
Majority of healthcare facilities, of late, are reducing bed capacity to minimize cost, and to promote advanced, short-stay surgical methods. The development of home administered chemotherapy drugs, enhancements in emergency care management, and advanced short day-stay surgical methods, reduces the pressure of maintaining more beds in hospitals and healthcare centers. Lately, a major proportion of elderly population in developed countries is opting for assisted living and residential care.
Most of the beds are rented by the dealers rather than purchased. Beds that have a more aesthetic value and which allow for the incorporation of high-tech features enjoy a greater demand. Reacting to increasing pressure from customers, bed manufacturers have been trying hard to bring down the operating costs with the motive of bringing down the total costs. This move has brought about an increase in competition paving way for price-cutting and market share shifts.
Hospital and specialty beds industry is highly concentrated, with Hill-Rom accounting for a lion's share in the market. Other players holding significant presence in the market include Sunrise Medical Inc., Stryker Corporation, Kinetic Concepts, Inc., and Invacare Corporation.
The report titled "Beds: A Global Strategic Business Report"' provides a comprehensive review of the regional dynamics and growth drivers and growth restraints to the medical beds industry worldwide, along with prevailing trends and industry activities affecting both global and regional markets. The report also enumerates recent developments, mergers, acquisitions, and other strategic industry activities. A detailed review of the US hospital industry is provided covering key consolidations and acquisitions, and licensed bed capacity of leading healthcare companies. The report covers both powered hospital beds and manual hospital bed types. Segments analyzed in the study comprise General Purpose Beds, Birthing Beds, Pediatric Beds, Pressure Relief Beds (Air Fluidized Beds, Air Wave Beds & Mattresses and Low Air-Loss Beds).
For more details of this research report please visit www.strategyr.com/MCP-3309.asp
About Global Industry Analysts, Inc.
Global Industry Analysts, Inc., (GIA) is a reputed publisher of off-the-shelf market research. Founded in 1987, the company is globally recognized as one of the world's largest market research publishers. The company employs over 700 people worldwide and publishes more than 880 full-scale research reports each year. Additionally, the company also offers a range of over 60,000 smaller research products including company reports, market trend reports, and industry reports encompassing all major industries worldwide.
Global Industry Analysts, Inc.
Telephone 408-528-9966
Fax 408-528-9977
Web Site www.StrategyR.com
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