The research report “Medical Bed Market Size By Product (Acute
Care Beds, Long-term Care Beds, Psychiatric Care Beds, Bariatric Beds, Others),
By Bed Type (Manual Beds, Electric Beds, Semi-electric Beds), By Application
(Intensive Care, Non-intensive Care), By End-use (Hospitals, Home Care
Settings, Elderly Care Facilities), Industry Analysis Report, Regional Outlook
(U.S., Canada, Germany, UK, France, Italy, Spain, Russia, Poland, China, India,
Japan, Australia, Brazil, Mexico, South Africa, Saudi Arabia, Qatar, UAE),
Application Development Potential, Price Trends, Competitive Market Share &
Forecast, 2017 – 2024” by Global Market Insights, Inc. says, Medical Bed
Market size is set to exceed USD 4 billion by 2024.
Rising geriatric patient base
across the globe susceptible to physical disabilities acts as a major growth
rendering driver for the market. As per WHO, around 70 million people of all
ages are suffering from physical disability which accelerates the demand for
medical beds across the globe.
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Favorable government support
and increasing efforts to enhance the healthcare facilities and offer advance
care to patients in the developing countries will augment industry growth. For
instance, government measures through Healthcare Transformation Plan (HTP) to
renovate hospital infrastructure, build diagnostics centers, clinics and
hospitals in the coming five years in Iran will spur market size.
Increasing prevalence of
chronic disorders such as stroke, diabetes, cancer which leads to rise in
number of hospital admissions is another growth rendering driver. Moreover,
increasing private hospitals and healthcare facilities provided to patients in
the emerging countries will favor industry expansion. Declining volume of
public hospital beds and high cost associated with bariatric and ICU medical
beds will hamper business growth.
Long-term care beds will
witness significant growth in 2016 followed by bariatric beds over the coming
years. Safety features offered by long-term care beds due to low-height bed
frames will reduce the risk of patient falls and entrapment. Furthermore, it
will also minimize the caregiver back injuries fuelling its utilization specially
in the homecare and nursing homes.
Browse key
industry insights spread across 150 pages with 122 market data tables & 14
figures & charts from this 2017 report Medical
Bed Market in detail along with the table of contents at:
Bariatric beds will generate
huge demand in the coming years due to rising diabetes prevalence coupled with
increasing obesity patients requiring bariatric surgeries propelling industry
size.
Electric beds will fetch
higher revenue share over the coming years owing to factors like enhancement of
resident mobility as well as decrease in staff’s manual handling, ability of
disabled patients to operate the adjustable features of the electric bed
propelling industry size.
Rising number of patients
requiring critical care due to increasing chronic ailments such as
neurovascular disease, cardiac disorders, bone and joint disorders will fuel
intensive care beds revenue growth in the future.
Reduced length of stay at
hospitals, higher comfort levels, personal independence and faster recovery are
major factors driving the homecare settings market growth. Home health care
being less expensive, more convenient, and can be as effective as care given in
hospital will favor business growth.
Spain medical bed market
should witness robust growth over the forecast period. Increasing elderly
patient base suffering from chronic ailments requiring prolonged care along
with growing demand for critical patient care will fuel regional growth.
Furthermore, presence of local manufacturers offering wide range of bed frames
used in various healthcare settings will augment revenue growth in the future.
India medical bed market
should grow at lucrative rate due to presence of large patient pool with
chronic disorders coupled with growing obesity levels generating huge demand
for specialty beds in the future. Favorable government initiatives in India to
set up new hospitals, along with encouraging majority of private entities to increase
investment for improving and developing healthcare infrastructure in the
country will escalate regional growth.
Some of the key industry
players operating in global medical bed market are Hill-Rom, Stryker, Invacare,
Getinge and Paramount Bed. The industry players are investing in R&D to
develop novel products to provide effective treatment options for chronic diseases.
For instance, in January 2017, Getinge launched Total Lift Bed for ICU patients
allowing them to stand, assisting in early mobility and improving patient
outcomes.
Browse Related Reports:
Patient Handling Equipment Market Size
By Product (Wheelchairs and Scooters, Medical Beds, Bathroom Safety Supplies,
Mechanical and Transfer Equipment, Ambulatory Aids, Others), By Application
(Acute and Critical Care, Long Term Care, Mobility Assistance, Fall Prevention,
and Others), By End-Use (Hospitals, Home Care Settings, Elderly Care
Facilities, and Others) Industry Analysis Report, Regional Outlook (U.S.,
Canada, Germany, UK, France, Italy, Spain, Russia, Poland, China, India, Japan,
Malaysia, Thailand, Australia, Brazil, Mexico, Argentina, South Africa, Saudi
Arabia, UAE, Egypt), Application Potential, Price Trends, Competitive Market
Share & Forecast, 2017 – 2024
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