Press Release
Press Release
North America holds a significant share of the global market for medical bed owing to the robust healthcare industry in the region. This is leading to a surge in the deployment of innovative medical beds in hospitals and speciality centres, which is propelling the market growth. Additionally, the growing burden of chronic illnesses in the region is increasing the requirement for medical beds. For instance, according to the American Cancer Society, about 1.9 million new cancer cases are expected to be diagnosed in 2021. Meanwhile, the Asia Pacific region is also witnessing rapid growth owing to advancements in healthcare facilities. Moreover, the growing geriatric population in countries such as China, Japan, and South Korea, among others, are further boosting the demand for medical beds, which is providing impetus to the market growth.
Stryker Corporation (NYSE: SYK), one of the leading companies in the market, announced the launch of its wireless hospital bed, ProCuity, in September 2021. The medical bed series offer low height and versatile beds for various patient care environments. It also features advanced fall prevention techniques to enhance the safety of both patients and healthcare professionals. The bed can be connected to nurse call systems without the utilisation of wires or cables. It also offers bed alarms and optimal patient positioning to prevent connectivity issues. Moreover, it provides customised and standard platforms to meet the demand for optimal beds in both ICU and MedSurg units to eliminate the requirement of speciality medical beds to reduce hospital costs. The development of such innovative products is expected to enhance the experience of both patients and healthcare professionals and is projected to drive the market growth in upcoming years.
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The major players in the global medical bed market are Stryker Corporation, Hill-Rom Holdings, Inc., Invacare Corporation, Stiegelmeyer GmbH & Co. KG, and Antano Group srl, among others. The comprehensive report by EMR looks into the market share, capacity, and latest developments like mergers and acquisitions, plant turnarounds, and capacity expansions of the major players.
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