Global Medical Bed Market By Usage (Acute Care, Long Term Care, Psychiatric Care, Maternity); Application (Intensive Care, Non Intensive); Type (Electric Beds, Semi Electric Bed, Manual Bed); End User (Hospital, Home Care, Elderly Care); Geography (North America, Europe, Asia-Pacific, Europe, South America, Middle East and Africa) – Industry Trends and Forecast to 2024
The market accounted to USD 2.53 billion in 2016 growing at a CAGR of 5.4% during the forecast period of 2017 to 2024. The upcoming market report contains data for historic year 2015, the base year of calculation is 2016 and the forecast period is 2017 to 2024.
Europe is estimated to account the largest market share in the forecast period 2017-2024 due to the factors such as the rise in healthcare expenditure, technological advancements, and government support. However, APAC is estimated as the fastest growing market in the forecast period due to increasing number of elderly population, outsourcing of medical beds by manufacturers to cater the rising demand.
Major Market Drivers and Restraints: Global Medical Bed Market
- Technological advancement related to ICU beds
- Increasing investments in infrastructural development
- Rise in chronic diseases
- Declining number of beds in public hospitals
Market Segmentation: Global Medical Bed Market
The market is segmented on the basis of usage, application, type, end-user and geography.
On the basis of usage, global medical bed market is segmented into acute care, long term care, psychiatric care, and maternity.
On the basis of application, global medical bed market is segmented into intensive care and non-intensive. Intensive care segment is driving the market growth due to the increasing demand for critical care beds owing to the rise in geriatric population. Intensive care segment is expected to account the largest market share due to the rising geriatric population and related diseases such cardiovascular diseases, neurological disease, and bone and joint problems, the volume of patients being treated in critical care units is increasing, which in turn is driving the demand for medical beds required in intensive care units.
On the basis of type, global medical bed marketis segmented into electric beds, semi electric bed, and manual bed. Electric beds accounted the largest market share in 2016 due to increasing number of patients requiring bariatric care and rise in geriatric population.
On the basis of end user, global medical bed market is segmented into hospital, home care, and elderly care.
On the basis of geography, global medical bed market report covers data points for 28 countries across multiple geographies such as North America & South America, Europe, Asia-Pacific, and Middle East & Africa. Some of the major countries covered in this report are U.S., Canada, Germany, France, U.K., Netherlands, Switzerland, Turkey, Russia, China, India, South Korea, Japan, Australia, Singapore, Saudi Arabia, South Africa, and Brazil among others. In 2017, North America is expected to dominate the market.
Major Market Competitors: Global Medical Bed Market
Major Market Players in the Market:
- Invacare Corporation
- Hill-Rom Holding Inc.
- Amico Corporation
- Getinge Group
- Antano Group
- Famed Zywiec Sp. zo. o.
- Medical Depot Inc.
- Merivaara Corp.
- Stiegelmeyer GmbH & Co. KG
- GF Health Products Inc.
- Malvestio Spa
- Paramount Bed Co. Ltd.
- Midmark Corp.Medline Industries Inc.
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