Global Hospital Beds Market 2018 Industry Demand, Segment, Statistics Report 2024
The forecast Hospital Beds Market information is based on the present market situation, growth opportunities, development factors, and opinion of the industry experts. An in-depth analysis of the company profiles, Hospital Beds on a global and regional level and applications is conducted. The analysis of downstream buyers, sales channel, raw materials, and industry verticals is offered in this report. According to the report the global hospital beds market is projected to grow at a CAGR of 6.3% over the forecast period of 2018-2024.
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Adjustments According to the Patients Comfort and to Carry Out Different Procedures to Promote Growth in the Hospital Beds Market
Increasing geriatric population and increasing volume of chronic care patients are the major factors driving the growth of the hospital beds market. According to the National Institute on Aging, the global geriatric population will rise to 1.5 billion, which makes for strong demand for hospital beds. Additionally, beds designed in accordance with a specific group of patients being treated is also fuelling the expansion of hospital beds market across the world. However, the declining number of beds in public hospitals are likely to restrain the growth of the market during the forecast period. Furthermore, the growing trend of home care is anticipated to provide several growth opportunities for the key players in the hospital beds market.
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Fastest Growing Region to Contribute to Growth in the Global Hospital Beds Market
Europe dominated the market and the Asia Pacific is anticipated to be the fastest growing region for hospital bed market. The growth in the Asia Pacific region is due to the rising number of contracts manufacturing organizations and increasing healthcare infrastructure. In addition, Malaysia, Singapore, India, and Thailand have emerged as lucrative destinations for medical tourism, which further propels the growth of the hospital bed industry in the Asia Pacific region. Moreover, increasing healthcare expenditure in Europe’s medical industry has increased the healthcare organizations towards buying advanced and relatively expensive hospital beds for the patient’s convenience and safety.
Savaria Corporation acquired Span-America Medical Systems Inc.
In May, 2017-Savaria Corporation (“Savaria” or the “Corporation”) (TSX: SIS) announced today that it has entered into an agreement (the “Acquisition Agreement”) with Span-America Medical Systems, Inc.
This acquisition delivered three key benefits to Savaria Corporation that will help them to achieve its long-term strategic growth objectives. Firstly, it adds a complementary product line to our accessibility portfolio. Secondly, it provides Savaria with a new distribution channel into the institutional and government markets, which will complement our existing dealer network and Silver Cross retail outlets. Finally, it increases our presence in the US, allowing us to be closer to 50% of our current business.
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