Medical Beds Market Industry Growth Factors, Applications, Regional Analysis and Future Scope by 2027 | Merivaara Corp, Amico Group, Linet, Gendron Inc.

Medical Beds Market report, recently added by The Insight Partners, examines the industry in terms of global expansion, in which the aggregate data of current and future of each region includes integrated data. This report also provides competitive environment, major development, application scenarios and accurate outlook for the medical bed market.

The global medical beds market accounted to US$ 3.58 Bn in 2018 and is expected to grow at a CAGR of 5.4% during the forecast period 2019 - 2027, to account to US$ 5.7 Bn by 2027.

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Top Key Players Involved:
- Stryker
- Famed Żywiec Sp. z o.o.
- Medline Industries, Inc.
- Malvestio Spa
- Invacare Corporation
- Merivaara Corp.
- Paramount Bed Co., Ltd.
- Amico Group
- Linet
- Gendron Inc.

What the report features:-

- Global analysis of Medical Beds market from 2019 – 2027 illustrating the progression of the market.

- Forecast and analysis of Medical Beds market by Dosage, Route of Administration and Application from 2019 – 2027.

- Forecast and analysis of Medical Beds market in five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South & Central America.

The Asia Pacific market is expected to grow at highest rate during the forecast period owing to rising geriatric population, increasing prevalence of chronic diseases, increasing number of hospitals, and increased government investments. In addition, technological advancements in medical devices are expected to fuel the market growth in Asia Pacific region.

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Market Insights

Rising Prevalence of Chronic Diseases is expected to boost the market growth over the years
Chronic diseases, including diabetes, cancer, heart disease, and obesity, are the leading causes of death in the world and account for most of the nation’s health care costs. According to the International Diabetes Federation (IDF), in 2017, number of people with diabetes in North America was approximately 46 million which is expected to grow at 62 million in 2045.

The increase in the disease prevalence is around 35% during the forecast period. According to report of CDC, in 2018, approximately more than 9% of the population has diabetes, which is the leading cause of kidney failure, lower-limb amputations in US. Moreover, the data also suggests that 1.5 million Americans are diagnosed with diabetes every year in the US. Similar trends for high presence of diabetes are prevalent around other geographies of the globe that include Asia Pacific, Europe, Middle East and Africa.

For instance, according to IDF Diabetes Atlas published by the International Diabetes Federation in 2017, South-East Asia is home to approximately one-fifth (19%) of the total diabetes population worldwide.

Also, according to the World Health Organization in 2018, cancer was the second leading cause of death across the globe, and is responsible for an estimated 9.6 million deaths in 2018. Furthermore, the American Cancer Society estimated that in 2018, 1,735,350 new cancer cases were diagnosed in 2018.
Thus, the increasing prevalence of chronic diseases poses several opportunities for the medical beds market to grow during the forecast period.

Rising Geriatric Population

The elderly population is defined as a group of people aged 65 and over. The aging population is poised to become one of the most significant social transformations of the twenty-first century. According to the United Nations report, in 2017, globally, there were more than 962 million people aged 60 or over, that consists of 13% of the world population.

The geriatric population aged 60 or above is growing at a rate of about 3 percent per year. Across the globe, the number of persons aged 80 or above is projected to triple by 2050. The approximate diabetes population is more than137 million in 2017, which is expected to grow up to 425 million in 2050. The number is expected to grow to 909 million in the year 2100, around seven times its value in 2017.

The elderly people are more likely to have chronic diseases such as osteoporosis, diabetes than younger people, and the effect of the disease on quality of life is particularly deep in this population. With an increase in the number of geriatric population, the prevalence of chronic diseases has increased. Therefore, the demand for medical beds are expected to increase in the forecast period.

Product Insights
The global medical beds market, based on usage is segmented into acute care, long-term care, psychiatric & bariatric care, and others. In 2018, the acute care segment held the largest share of the market, by usage. This segment is also expected to dominate the market in 2027 owing to high rising prevalence of chronic diseases, growing geriatric population. Moreover, the long-term care medical beds segment is anticipated to witness the significant growth rate of 5.1% during the forecast period owing to the factors such as growing geriatric population, and the increasing number of nursing homes.

Strategic Insights
Strategic acquisition and product launches were observed as the most adopted strategy in global medical beds industry. Few of the recent product launch, product approval and acquisitions are listed below:

August 2018: Stryker, partnered with Ascom to integrate Ascom Unite software with Stryker’s iBed Wireless Smartbed system. It will enable to deliver Stryker iBed wireless notification to clinicians or doctors about patient safety risk condition such as patiet fall.

June 2018: Medline acquired Dufort et Lavigne Ltée, a Montreal-based medical supplies distributor. To extend its presence in North America and Canada.
September 2017: Paramount Beds have opened new factory in Querétaro, México. They have planned to manufacture medical beds and other accessories at the new facility.

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Key Reasons to Purchase this Complete report:

- Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the Global Medical Beds Market.

- Highlights key business priorities in order to assist companies to realign their business strategies.

- The key findings and recommendations highlight crucial progressive industry trends in the Medical Beds, thereby allowing players to develop effective long term strategies.

- Develop/modify business expansion plans by using substantial growth offering developed and emerging markets.

- Scrutinize in-depth global market trends and outlook coupled with the factors driving the market, as well as those hindering it.

- Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to products, segmentation and industry verticals.

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