Medical Beds Market (Covid-19) Impact and Analysis By 2027 | Stryker, Famed Zywiec Sp. z o.o., Medline Industries, Malvestio Spa, Invacare Corporation, Merivaara Corp., Paramount Bed Co., Amico Group, Linet, and Gendron

The Insight Partners analysts forecasts the latest report on “Medical Beds Market (Covid-19) Impact and Analysis by 2027”, according to report; The Medical Beds Market report covers the overall and all-inclusive analysis of Market with all its factors that have an impact on market growth. This report is anchored on the thorough qualitative and quantitative assessment of the Medical Beds Market.

The study provides details such as the market share, Market Insights, Strategic Insights, Segmentation and key players in the Medical Beds Market.

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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.

Some of the Major Market Players Are:

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.

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.

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.

MARKET SEGMENTATION

By Usage

o Acute Care
o Long-Term Care
o Psychiatric & Bariatric Care
o Other Usage

By Type

o Manual Beds
o Semi-Electric Beds
o Electric Beds

By Application

o Intensive Care
o Non-Intensive Care

By End User

o Hospitals
o Elderly Care Facilities
o Nursing Home
o Home Care Settings

The report analyses factors affecting the Medical Beds Market from further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the Medical Beds Market in these regions.

Moreover, the report entails the estimate and analysis for the Medical Beds Market on a global as well as regional level. The study provides historical data as well as the trending features and future predictions of the market growth. Further, the report encompasses drivers and restraints for the Medical Beds Market growth along with its impact on the overall market development. In addition, the report provides an analysis of the accessible avenues in the market on a global level.

REGIONAL FRAMEWORK

The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global Medical Beds Market based on various segments. It also provides market size and forecast estimates from the year 2018 to 2027 with respect to five major regions. The Medical Beds Market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.

Promising Regions & Countries Mentioned in The Medical Beds Market Report:

• North America
• Europe
• Asia-Pacific
• Latin America
• The Middle East & Africa

The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.

Major Features of Medical Beds Market 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 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 commercial interest with respect to client products, segmentation, pricing and distribution.

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