$5.3B medical bed market to grow outside of U.S., EU
Medical bed markets outside of the U.S. and Europe will experience larger growth than traditional markets in coming years, according to market research firm Kalorama Information. While traditional markets will grow, countries with developing healthcare markets will experience stronger growth in the $5.3 billion medical bed market.
“Medical bed makers selling to Europe have already encountered lower sales due to cost restraints and changes to the U.S. healthcare system are likely to have the same effect,” said Bruce Carlson, publisher of Kalorama. “At the same time, we expect the sales of medical beds in the rest of the world to more than double by 2016.”
Sales outside the U.S. and Europe are expected to grow from 13 to 18 percent of total worldwide medical bed sales between now and 2016, according to the report. Africa and the Middle East are among the regions that medical bed marketers will see increased sales. Additionally, Kalorama predicts that India will require an estimated 455,000 additional hospital beds by 2012. Included in the report, Kalorama also profiles China, Brazil, the Czech Republic, Russia and Romania.
Companies such as Hill-Rom, ArjoHuntleigh, Stryker and Invacare currently lead the market, according to the report, World Market for Medical Beds. It is available for purchase here.
“Medical bed makers selling to Europe have already encountered lower sales due to cost restraints and changes to the U.S. healthcare system are likely to have the same effect,” said Bruce Carlson, publisher of Kalorama. “At the same time, we expect the sales of medical beds in the rest of the world to more than double by 2016.”
Sales outside the U.S. and Europe are expected to grow from 13 to 18 percent of total worldwide medical bed sales between now and 2016, according to the report. Africa and the Middle East are among the regions that medical bed marketers will see increased sales. Additionally, Kalorama predicts that India will require an estimated 455,000 additional hospital beds by 2012. Included in the report, Kalorama also profiles China, Brazil, the Czech Republic, Russia and Romania.
Companies such as Hill-Rom, ArjoHuntleigh, Stryker and Invacare currently lead the market, according to the report, World Market for Medical Beds. It is available for purchase here.