International & Regional Players focusing on Extension of their Products & Services
Distinguished by the presence of numerous vendors, the global medical bed market is highly competitive in nature. The international as well as regional market players, with their strong market penetration and wide geographic reach, are now focusing on extending their products & services for gaining a competitive edge.
However, regional vendors are finding it challenging to keep up with international players in terms of market reach, pricing, quality, and financial resources. The healthcare sector has been witnessing a gradual inclination towards home-based services, from hospital-based services. This is mainly because healthcare services offered in hospitals, particularly during long duration of stays, are expensive.
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Long-term home-based healthcare services reduces the overall costs for patients. This has been encouraging manufacturers & suppliers to increase their production capacities, in a bid to provide semi-automated and manual beds for home-based healthcare services.
Key Takeaways from Fact.MR’s report on Medical Bed Market
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The report by Fact.MR has identified key players operating in global medical bed market, which include Merivaara Corp., Span-America Medical Systems, Inc., Stiegelmeyer GmbH & Co. KG, LINET spol. s r.o., Medline Industries, Inc., Amico Corporation, Invacare Corporation, Getinge AB, Hill-Rom Holdings, Inc., and Stryker Corporation.
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