Industry Analysis & Industry Trends
The aging population will drive demand for hospital beds, as more people require industry products for their medical care. Furthermore, manufacturers will introduce new products with the latest technologies, like integrated scales and vital signs monitors, to stimulate demand. Therefore, the Hospital Bed Manufacturing industry's revenue will continue to grow, in line with consistent demand and new innovations.... purchase to read more
Industry Report - Industry Analysis Chapter
The Hospital Bed Manufacturing industry has been resilient to economic downturns. While the recession negatively influenced spending on medical equipment such as hospital beds and furniture, the industry maintained sales growth in 2008 and 2009. From 2012 to 2013, revenue is expected to rise by 2.4% to $2.6 billion. This growth indicates a continued recovery as hospitals restock supplies and upgrade beds and other furniture to attend to more patients who can afford healthcare services again. During the five years to 2013, IBISWorld estimates revenue will increase at an average annual rate of 3.3%, despite headwinds from threatened declines to government reimbursement, healthcare reform and an economic downturn... purchase to read more