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Medical Beds Market Future Growth by In Depth Industry Analysis and Forecast 2028

02-21-2020 07:31 PM CET | Health & Medicine

Press release from: QUINCE MARKET INSIGHTS

Medical Beds Market

Medical Beds Market

According to the predictions made in the latest report by Quince Market Insights, Medical Beds Market is projected to register high demand during the forecast period with increasing demand from major end-use industries such as hospitals, home care settings, and geriatric care facilities during the forecast period. Medical beds offer patients in hospitals comfort, support, safety and quality of sleep and meet their health-care needs. Many modern hospital beds have the patient monitoring facility and the electrical movement assistance. It also allows patients without assistance to adjust those beds. Hospital beds are also custom-made, based on medical requirements. According to data from the World Population Prospects the geriatric population is expected to double by 2050. This rapidly growing elderly population is expected to fuel demand for medical beds in hospitals, homecare, and other medical institutions, which is vulnerable to chronic diseases. Thus, it will help to augment the market.

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Segmentation for better understanding of this market and its growth prospects

The study provides a decisive outlook for the market in medical beds by segmenting the market based on the product, bed type, end user and region. The market was segmented, based on the product, into acute care beds, long-term care beds, psychiatric care beds, bariatric beds and others. Owing to the increasing number of aging patients suffering from chronic disorders, the acute beds have seen increased demand.

Based on bed type, the market has been segmented into manual beds, electric beds, and semi-electric beds. The increasing use of electric beds in hospitals and home care centers due to their conventional support and control techniques will drive the electric bed's segment. Associated factors such as improved ability of disabled patients ' to operate the adjustable features of electric beds will fuel the segment's growth during the forecast period. In addition, the semi-electric bed segment has seen significant growth mainly due to superior strength, ease of assembly and disassembly, and toughness which decreases the threat of torque and provides support.

Based on end user, the medical beds market is divided into hospitals, home care settings, and geriatric care facilities. The medical beds market has been studied for North America, Eastern Europe, Western Europe, Asia Pacific, Middle East, and Rest of the World. Increasing cases of chronic diseases and augmentation in healthcare are some other factors driving the market.

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The market is competitive in nature. The key market players include Hill-Rom Holdings, Invacare Corporation, Paramount Bed, StrykerCorporation, Amico Corporation, Besco Medical Co., Ltd., BaKare Beds Ltd., GF Health Types, Inc., Merivaara Corp., and Getinge AB. These companies are developing advanced medical beds that deliver specialized safety as well as comfort to the patients. For instance, Stryker's InTouch, a critical care medical bed is the first in class high acuity bed; it offers back smart ergonomics, advanced technology, and support. This medical bed is easily operated by a touchscreen interface. Also, Hill-Rom has come up with Compella bariatric bed which is intended for advanced support and safety in bariatric care. The companies are involved in new product launch, merger & acquisitions, regional expansions in order to retain the market share.

Significant Factors Impacting Market Growth:

o Increasing market demand for faster and effective healing
o Improves sleep and thus, helps in faster healing
o Medical beds improve blood circulation and help with heart problems

Insights about regional distribution of market:
North America, Western Europe, and Asia Pacific by region are estimated to dominate the medical beds market during the forecast period. In terms of technological developments and advanced medical treatments, these regions have been market leaders in the global healthcare sector. Moreover, the government policies have been favorable for the growth of the healthcare infrastructure in these regions. North America and Western Europe have an established healthcare infrastructure for product innovations and early adaptations. This is expected to drive the demand for medical beds market during the forecast period.

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The US, Germany, France, UK, Canada, and Spain have been some of the major markets in the region. Asia Pacific is estimated to register one of highest CAGR for medical beds market during the forecast period. This region has witnessed strategic investments by global companies to cater the growing demand in the recent years. China, Japan, India, South Korea, and Australia are amongst some of the key countries for medical beds market in the region. Other regions including Middle East, Eastern Europe, and Rest of the World (South America and Africa) are estimated to be emerging markets for medical beds during the forecast period.

Companies Covered: Hill-Rom Holdings, Invacare Corporation, Paramount Bed, Stryker Corporation, Amico Corporation, Besco Medical Co., Ltd., BaKare Beds Ltd., and GF Health Types, Inc., Merivaara Corp., and Getinge AB

Market Segmentation:
By Product:
o Acute Care Beds
o Long-term Care Beds
o Psychiatric Care Beds
o Bariatric Beds
o Others

By Bed Type:
o Manual Beds
o Electric Beds
o Semi-Electric Beds

By End User:
o Hospitals
o Home Care Settings
o Geriatric Care Facilities

By Region:
o North America
o By Country (US, Canada, Mexico)
o By Product
o By Bed Type
o By End User

o Western Europe
o By Country (Germany, UK, France, Italy, Spain, Rest of Western Europe)
o By Product
o By Bed Type
o By End User

o Eastern Europe
o By Country (Russia, Turkey, Rest of Eastern Europe)
o By Product
o By Bed Type
o By End User

o Asia Pacific
o By Country (China, Japan, India, South Korea, Australia, Rest of Asia Pacific)
o By Product
o By Bed Type
o By End User

o Middle East
o By Country (UAE, Saudi Arabia, Qatar, Iran, Rest of Middle East)
o By Product
o By Bed Type
o By End User

o Rest of the World
o By Region (South America, Africa)
o By Product
o By Bed Type
o By End User

Reasons to Buy This Report:

o Market size estimation of the medical beds market on regional and global basis
o Unique research design for market size estimation and forecast
o Profiling of major companies operating in the market with key developments
o Broad scope to cover all the possible segments helping every stakeholder in the market

Customization:

We provide customization of the study to meet specific requirements:
o By Segment
o By Sub-segment
o By Region/Country

Contact:

Quince Market Insights
Ajay D. (Knowledge Partner)
Office No- A109,
Pune, Maharashtra 411028
Phone: +1 208 405 2835 / +44 121 364 6144 / +91 706 672 4848
Email: sales@quincemarketinsights.com
Web: www.quincemarketinsights.com

ABOUT US:

QMI has the most comprehensive collection of market research products and services available on the web. We deliver reports from virtually all major publications and refresh our list regularly to provide you with immediate online access to the world's most extensive and up-to-date archive of professional insights into global markets, companies, goods, and patterns.

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