Medical Beds Market Insight Report- Size Current and Future Industry TrendsPosted by Johnny on November 30th, 2022 Factors such as increasing investments in healthcare infrastructural development, technological innovations in ICU beds, increasing number of beds in private hospitals, and increasing volume of chronic care patients are expected to drive the growth of the medical beds market in the coming years. On the other hand, the declining number of beds in public hospitals may limit market growth to a certain extent. The growing trend of home care is expected to provide a wide range of opportunities to players in the market. Medical bed market is expected to reach .41 billion by 2022 from .59 billion in 2017, at a CAGR of 5.6% during the forecast period. Base year considered for the report is 2016 and the forecast period considered for this report is 2017–2022. Access Sample Copy of the Report @ https://www.marketsandmarkets.com/requestsampleNew.asp?id=171671404 The medical beds market is segmented on the basis of type, application, end user, usage, and region. On the basis of usage, the medical beds market is segmented into acute care beds, psychiatric and bariatric care beds, long-term care beds, and others (maternity and rehabilitative beds). The acute care beds segment is expected to account for the largest share of the market in 2017. The demand for acute care beds is rising with the increasing number of elderly and disabled individuals which acts as a major factor driving the growth of this segment. Based on type, the medical beds market is categorized into electric beds, semi-electric beds, and manual beds. The electric beds segment is estimated to account for the largest share of the market in 2017. The large share as well as the high growth of this segment can primarily be attributed to the growing number of patients requiring bariatric care as well as the rising geriatric population across the globe. On the basis of application, the medical beds market is segmented into two categories intensive care and non-intensive care. Growth in the intensive care segment is primarily driven by the increasing demand for critical care beds owing to the growth in geriatric population. Geographically, the market is segmented into North America, Europe, Asia-Pacific (APAC), and the Rest of the World (RoW). Europe is estimated to account for the largest share of the market in 2017. Factors such as the rising healthcare spending, technological advancements, and government support are driving the growth of the medical beds market in Europe. However, APAC is estimated to be the fastest-growing market for medical beds. This is due to the increasing elderly population and increasing manufacturing outsourcing in APAC countries by the major players. Key players in the medical beds market include Stryker Corporation (U.S.), Hill-Rom Holding, Inc. (U.S.), Getinge Group (Sweden), and Invacare Corporation (U.S.). Download PDF Brochure: @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=171671404 About MarketsandMarkets™ MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 5000 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions. Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve. MarketsandMarkets’s flagship competitive intelligence and market research platform, "RT" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets. Contact: Like it? Share it! More by this author |