Medical Beds Market Growing Demand and Worldwide Growth Scenario by Stryker, Linet, Gendron, Merivaara, Amico Group

A hospital bed is exceptionally intended for hospitalized patients or others needing some type of medicinal services. These beds have uncommon highlights both for the solace and prosperity of the patient.

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 is expected to increase in the forecast period.

The 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.

Key factors driving the medical beds market are raising geriatric population, increasing prevalence of chronic diseases, increasing number of hospitals and technological advancements in medical devices. However, factors such as, high cost associated with specialty beds such as bariatric, and critical care beds may restrict the market growth in near future.

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Top Players Like Stryker, Famed ?ywiec Sp. z o.o., Medline Industries, Inc., Malvestio Spa, Invacare Corporation, Merivaara Corp., Paramount Bed Co., Ltd., Amico Group, Linet, Gendron Inc.

Based on the usage Medical Beds Market 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 rising prevalence of chronic diseases, growing geriatric population.

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.

Main Points Covered in Table of Content

Chapter 1 Market Introduction
Chapter 2 Key Takeaways
Chapter 3 Market Landscape
Chapter 4 Key Market Dynamics
Chapter 5 Medical Beds Market Segmentation

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Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the 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 global medical beds market, thereby allowing players across the value chain 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 security interest with respect to client products, segmentation, pricing and distribution

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