The medical beds market is highly competitive in nature with considerable number of players, having a high level of consolidation overall revenue share. Most of the companies operating in the medical beds market are present globally and have wide distribution and sales network through partnerships or authorized dealers.

According to our new research study on “Medical Beds Market Forecast to 2025 – Global Analysis – by Usage, Type, Application, End User, and Geography,” the market size is expected to reach US$ 5,710.7 million by 2027 from US$ 3,580.52 million in 2018; it is estimated to grow at a CAGR of 5.4% during 2019–2027. The report highlights trends prevailing in the market and factors driving its growth. The medical beds market growth is attributed to rising geriatric population and increasing prevalence of chronic diseases such as diabetes & cancer. However, reduction in the average length of hospital stay may hinder the growth of market.

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According to the report published by the FDA, in 2018, the FDA received more than 900 incidents of patient’s injuries due to hospital beds in January 2013. The report includes 531 deaths and 151 nonfatal injuries. Therefore, to minimize the risk of patient injuries, the FDA has taken an initiative to collaborate with the Hospital Bed Safety Workgroup to produce the Hospital Bed System Dimensional and Assessment Guidance to Reduce Entrapment. The manual provides recommendations for hospital bed manufacturers and hospitals and nursing homes staff. The FDA is looking forward to establishing the additional requirement for a hospital bed to facilitate hospital quality improvements. In addition, the FDA, in collaboration with Hospital Bed Safety Workgroup, has developed a bed safety entrapment kit which contains information and tools that can be used to measure the risk of entrapment in hospital beds.

Market leaders are involved in providing the products that contribute to quality enhancement and cost efficiency within healthcare and life sciences. For instance, in August 2017, LINET has planned to launch its new hospital bed product, Eleganza 5, in Brussels at the international congress ISICEM 2017. The new bed provide the better comfort and safety to the patient in order to get quicker recovery from the illness. It also make easy for the caregiver to give medication dosage to the patient.

The most notable market participants are Stryker, Famed Żywiec Sp. z o.o., Medline Industries, Inc., Malvestio Spa, Invacare Corporation, Merivaara Corp., Paramount Bed Co., Ltd., Amico Group, Linet, and Gendron Inc. occupying a considerable share of the market owing to their offerings to the market.

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