POWERED AND MANUAL HOSPITAL BEDS MARKET ANALYSIS

Market News

Key Development

1. Key players in the market are focused on various business strategies such as merger and acquisition to gain competitive edge in the market. For instance, in March 2019, Hill-Rom Holdings Inc. acquired Voalte, Inc. This acquisition will strengthen Hill-Rom’s connected solution including smart hospital beds.
2. Key players in the market are involved in various business strategies such as geographic expansion to cater regional market. For instance, in February 2018, Paramount Bed, a Japanese manufacturer of hospital beds launched its factory in Gurugram, India.
3. Key players in the market are focused on developing various business strategies such as product launches to expand their product portfolio. For instance, in May 2019, Taleb Medical, a manufacturer of hospital beds, launched new FF&E range of hospital beds such as VitalGo Total Lift ICU Bed. The unique design of this bed allows the bed to raise the user to a fully standing position and all positions in between including chair positions.