The Global Medical Bed Market is driven by the factors such as increasing number of chronic diseases and rise in geriatric population. According to British Heart Foundation, in 2015 number of hospital beds being occupied by malnutrition patients in England has almost tripled approximately from 65,048 to 184,528 hospital bed days in the last 10 years.
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According to Data Bridge Market Research new Market report “Global Medical Bed Market, has accounted to USD 2.53 billion in 2016 at a CAGR of 5.4% during the forecast period of 2017 to 2024."
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Global Medical Bed Market – Key Market Points:
Other factors such as investing more in infrastructural development in healthcare sector, technological advancement in ICU beds, patients’ look for comfort, and increasing number of beds in private hospitals are driving the growth of this market. For instance, in April 2016 Apollo Hospitals Group launched 250 beds in Vishakhapatnam offering multi-disciplinary high-end tertiary care.
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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.
On the other hand, rising cost of modern medical beds and declining number of beds in public hospitals may be a restraining factor for this market.
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Global Medical Bed Market– Market Segmentation:
The global medical bed market is segmented on the basis of usage, application, types and end users.
- o Acute Care
- o Long Term Care
- o Psychiatric Care
- o Maternity
- o Intensive Care
- o Non Intensive
- o Electric Beds
- o Semi Electric Bed
- o Manual Bed
- End User
- o Hospital
- o Home Care
- o Elderly Care
Global Medical Bed Market – Geographical Segmentation:
- North America
- South America
- Middle East and Africa
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.
Global Medical Bed Market – Competitive Landscape:
The Global Medical Bed Market Report contains an in-depth profiling of the key market players, along with the recent developments (new product launches, partnerships, agreements, collaborations, and joint ventures) and strategies adopted by them to sustain and strengthen their position in the market. The report also covers the market shares for global, North America, Europe, Asia-Pacific, Middle East and Africa and South America medical bed market.
Some of the major players operating in global medical bed market are:
- 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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