Asia-Pacific Hospital Bed Market 2018 expect hike of CAGR at 7% Forecast to 2023 – Key Vendors: are Getinge Group, Paramount Bed Co. Ltd., Invacare Corporation and other

The Asia-Pacific Hospital Bed market has been analyzed as growing market in the coming future and it is expected that the market will have high demand in this region. The Hospital Bed market is undergoing a rapid change. Present discussions and reports have brought into examination’s the competence of existing regulatory frameworks for medical furniture/devices in developing regions to guarantee the performance, quality and safety. Medical furniture/device regulation must be enhanced and improved to safeguard public/patient health and ensure that effective technologies and high-quality products reach patients. The growing number and features of medical furniture have introduced regulatory challenges. These challenges differ from the types of hospital beds, commonly there are three types of hospital bed which require medical approvals and these are classified into type standard bed, manual bed, hydraulic bed and electric bed. These beds are differentiated on the basis of features and power of use and difficulties involved while using. Further one of the major usage or the major functioning areas of hospital beds is to monitor patients with critical care, chronic diseases, severity and conditions of the disease, age of the people and pregnant women and children under the age group of 5 years and 10 years. Therefore, if the current trends in prevalence in diseases and growing population continues over the coming years, the number of patients would be tremendous after a decade. This will increase the demand of hospital beds. Furthermore the demand for the maintenance and servicing for the product will grow.

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Asia-Pacific Hospital Bed Market Players:
There are number of major players in the market which have global operations of the Hospital Bed market, and are consistently working for the development of the following technology are Stryker Corporation, Hilli Rom Holding. Inc., Getinge Group, Paramount Bed Co. Ltd., Invacare Corporation, Arjo Hunjtleigh, Meditech, Jiangsu Yongfa medical equipment Co. Ltd.

Segmentation:
Asia-Pacific Hospital Bed market has been segmented on the basis of type (Standard bed, Manual bed, Hydraulic bed and Electric bed), application types (Medical/Surgical bed, Critical care bed, Maternity bed, Bariatric bed and others) and the end users types (Hospitals & Clinics, Nursing homes and Maternity homes).

Regional Analysis:
Depending on geographic and demographic conditions of this region, Hospital Bed market is segmented into countries like Japan, China, India, South Korea and Rest of Asia. The developing countries like China and India have increased their expenditure of the healthcare industries and required facilities are leading towards the growth of this market. The developed country like Japan have advanced technologies which will benefit the companies for the product development. There is wide scope for the growth of hospital beds in this region due to high populations. The number of old aged people is also increasing.
Further, medical/surgical beds have captured major share of the market in this region. Based on the historical trends and market scenario, India is expected to be the fastest growing country of this market during 2017-2023.

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