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What are Reasons behind Growth of Hospital Bed Market?
The increasing incidence of chronic diseases in several countries is pushing up the rate of hospitalization, which is, in turn, boosting the demand for hospital beds massively.
By: P&S Intelligence
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The PressureGuard Custom Care Convertible mattress, developed by Span-America Medical Systems Inc. and the Hill-Rom AccuMax Quantum VPC pressure redistribution mattress, developed by Hill-Rom Holdings are some of the biggest examples of technologically advanced and innovative hospital beds. The soaring geriatric population is another major factor fueling the surge in the demand for hospital beds. This is because older people are highly vulnerable to various potentially fatal diseases that can only be treated in hospitals.
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According to the forecast of P&S Intelligence, a market research firm based in India, the sales of the manually powered beds will rise at a much faster rate than that of the semi-electric and electric variants. The main factor responsible for the growing popularity of manual beds is the greater cost-effectiveness associated with the maintenance of these beds than the semi-electric and electric ones. Globally, the European hospital bed market is predicted to register lucrative growth in the coming years.
Apart from Europe, the sales of hospital beds (https://www.psmarketresearch.com/