Medical Beds and Chairs Market Scope
Medical Beds and Chairs are used in nursing homes, hospitals, rehabilitation homes, and retirement homes around the world are dependent upon quality medical staff to maximize the safety of patients. Facility quality, the condition of equipment, and Staff professionalism are all key components in medical care that must be taken into account when designing hospitals and clinics. In regions such as Eastern Europe, Asia, Africa, and other developing nations there is a particular need for improving and modernizing medical beds and chairs. And is projected the growth of the market in the forecast period.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
Key Companies Profiled | Hill-Rom (United States), Invacare (United States), GF Health Products, Inc. (United States), Drive Medical (United States), Stryker (United States), Gendron (Belgium), Hard Manufacturing (United States), Umano Medical (Canada), Transfer Master (United States) and American Medical Equipment (AME) (United States) |
CAGR | 5.6% |
The market is seeing moderate market players, by seeing huge growth in this market the key leading vendors are highly focusing on production technologies, efficiency enhancement, and product life. This market has various growth opportunities that leading players capture via tracking the ongoing process enhancement and huge investment in market growth strategies.The Players having a strong hold in the market are Hill-Rom, Invacare, GF Health Products, Inc., and Drive Medical. Research Analyst at AMA estimates that United States Players will contribute to the maximum growth of Global Medical Beds and Chairs market throughout the predicted period.
Hill-Rom (United States), Invacare (United States), GF Health Products, Inc. (United States), Drive Medical (United States), Stryker (United States), Gendron (Belgium), Hard Manufacturing (United States), Umano Medical (Canada), Transfer Master (United States) and American Medical Equipment (AME) (United States) are some of the key players that are part of study coverage. Additionally, the Players which are also part of the research are ProBed Medical (Canada), NOA Medical Industries (United States) and M.C. Healthcare (Canada).
About Approach
The research aims to propose a patent-based approach in searching for potential technology partners as a supporting tool for enabling open innovation. The study also proposes a systematic searching process of technology partners as a preliminary step to select the emerging and key players that are involved in implementing market estimations. While patent analysis is employed to overcome the aforementioned data- and process-related limitations, as expenses occurred in that technology allows us to estimate the market size by evolving segments as target market from the total available market.
Segmentation Overview
The study have segmented the market of Global Medical Beds and Chairs market by Type , by Application (Intensive care and Non-intensive care) and Region with country level break-up.
On the basis of geography, the market of Medical Beds and Chairs has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).
region held largest market share in the year 2023.
Market Leaders and their expansionary development strategies
In May 2022, LINET announced the launch of the premium emergency and transportation stretcher Sprint 200, a part of the new generation of stretchers taking patient transportation and patient care to the next level with its innovative solutions.
In May 2022, Invacare Corporation announced the US introduction of its Birdie Evo XPLUS, an innovative patient lift solution for the post-acute care setting.
Influencing Trend:
Increasing Demand for Affordable and Multi-Functional Medical Equipment from Hospitals, Clinics, and Other Organization
Market Growth Drivers:
Growing Geriatric Population and Hospital Going Population Worldwide, Increasing Prevalence of Chronic Diseases in Developed and Developing Countries and Rising Healthcare Spending and Growing Healthcare Industry Globally
Challenges:
High Price of Medical Beds and Chairs in Developing Countries
Restraints:
High Competition Between Major Players
Opportunities:
Increasing Advancements in Technology and Manufacturing Processes of Medical Beds and Chairs in Developing Economies
Key Target Audience
Medical Beds and Chairs Manufacturers, Potential Technology Investors, Regulatory & Government Bodies, Downstream Vendors, End Users and Other