Medical Bed Market Growth Factors, Ongoing Trends, Market Perspective And Forecasts Till 2022

Increasing incidences of medical emergencies and surgeries, owing to rising geriatric population and increased prevalence of accidents, have resulted into soaring number of hospitalization. Medical furniture such as medical beds are therefore witnessing a significant demand across the globe. This Fact.MR report analyzes the expansion of global medical bed market till date, and provides key insights on the growth of the market during the forecast period, 2017-2022.

The scope of Fact.MR’s report is to analyze the global medical bed market for the forecast period 2017-2022 and provide readers an unbiased and accurate analysis. Medical device manufacturers, research institutes, and raw material suppliers in the global medical bed market can benefit from the analysis offered in this report. This report offers a comprehensive analysis, which can be of interest to leading trade magazines and medical journals pertaining to medical bed.

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In order to offer readers with up-to-date information about the latest advancements in the global medical bed market, the report provides updates about market opportunities, which can benefit leading manufacturers of medical bed. With continuous evolution of the healthcare sector, keeping a record of latest developments and trends is fundamental for medical bed manufacturers to formulate key business strategies. Detailed insights about raw material sourcing, supply chain, regulatory approvals, pricing analysis, list of distributors, and cost structure are provided in this section.

The Fact.MR report provides a segment-wise analysis & forecast for covering wide scope of the global medical bed market. The global market for medical beds has been segmented on the basis of product type, usage, application, end-user, and region. A detailed country-wise forecast has been included in the segmentation analysis across all key market parameters.

5 Key Takeaways from Fact.MR’s report on Medical Bed Market

1- Based on usage, acute care will account for the largest share of the global medical bed market in 2017, and is further projected to gain an uptick in its market share by 2022-end. Long-term care is also expected to witness a significant usage of medical beds in the near future, with shifting preference of patients towards home-based healthcare services. Sales of medical beds in psychiatric and bariatric care will reflect a sluggish expansion through 2022.

2- Non-intensive care applications of medical beds will account for nearly four-fifth share of the market over 2017 to 2022. Intensive care is likely to gain traction among medical bed applications in the near future, with increasing number of medical emergencies and surgeries fuelling the requirement for post-operative care.

3- Increasing incidences of chronic diseases, and neurological diseases owing to rising geriatric population has surged the prevalence of hospitalization across the globe. This has significantly fuelled demand for medical beds in hospitals. Hospitals are anticipated to remain the most lucrative end-users of medical beds, with sales forecast to account for approximately US$ 2,300 Mn revenues by 2022-end. Ambulatory surgical centers will remain relatively less lucrative end-users of medical beds than hospitals during 2017 to 2022.

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4- Based on product type, electric beds will remain preferred among patients in the global medical bed market, however sales of electric beds will register the lowest CAGR through 2022. Semi-electric beds are expected to witness a steady expansion and will account for nearly US$ 1,000 Mn revenues by 2022-end.

5- Manual beds will also gain significant traction over 2017 to 2022, owing to their wide adoption in healthcare institutions that are devoid of sophisticated healthcare facilities. In addition, healthcare providers in rural regions depend highly on manual beds on the back of shortage in advanced medical facilities, and affordability of manual beds.

Competition Tracking

Leading players in the global medical bed market are focusing on offering innovative products and extensive services, with an aim of increasing and retaining trust of the end-users. With international players continuously concentrating on extension of their market footprint, regional vendors are finding it difficult to cope up with them in terms of financial resources, market reach, pricing, and quality. Fact.MR’s report has provided a list of companies contributing to growth of the medical bed market worldwide, which include Stryker Corporation, Hill-Rom Holdings, Inc., Getinge AB, Invacare Corporation, Amico Corporation, Medline Industries, Inc., LINET spol. s r.o., Stiegelmeyer GmbH & Co. KG, Span-America Medical Systems, Inc., and Merivaara Corp.

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This release was published on openPR.