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Follow on Google News |  7 Key Projections on Future of Medical Bed Market for Forecast Period 2017 - 2022The global medical bed market is projected to register a moderate expansion, to surpass US$ 3,000 Mn by 2022-end.
By: Fact.MR International & Regional Players focusing on Extension of their Products & Services Distinguished by the presence of numerous vendors, the global medical bed market is highly competitive in nature. The international as well as regional market players, with their strong market penetration and wide geographic reach, are now focusing on extending their products & services for gaining a competitive edge. However, regional vendors are finding it challenging to keep up with international players in terms of market reach, pricing, quality, and financial resources. The healthcare sector has been witnessing a gradual inclination towards home-based services, from hospital-based services. This is mainly because healthcare services offered in hospitals, particularly during long duration of stays, are expensive. Long-term home-based healthcare services reduces the overall costs for patients. This has been encouraging manufacturers & suppliers to increase their production capacities, in a bid to provide semi-automated and manual beds for home-based healthcare services. Request Free Sample Report- https://www.factmr.com/ 7 Key Takeaways from Fact.MR's report on Medical Bed Market • 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. • 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. • 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. • 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. • 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. • Europe is anticipated to remain the largest market for medical beds, in terms of revenues. However, the market in Europe is projected to expand at a relatively lower CAGR than all the other regional segments through 2022. The market in Middle East & Africa will expand at a similar CAGR as that of Europe's through 2022. • North America will expand at the highest CAGR in the global medical beds market during 2017 to 2022, followed by Asia-Pacific excluding Japan (APEJ). This growth of medical bed market in North America is attributed to availability of highly advanced healthcare facilities, along with increased healthcare expenditure in the region. In addition, higher availability of sophisticated hospitals such as super specialty and multi-specialty hospitals in North America will further influence demand for medical beds. The report by Fact.MR has identified key players operating in global medical bed market, which include Merivaara Corp., Span-America Medical Systems, Inc., Stiegelmeyer GmbH & Co. KG, LINET spol. s r.o., Medline Industries, Inc., Amico Corporation, Invacare Corporation, Getinge AB, Hill-Rom Holdings, Inc., and Stryker Corporation. Browse Full Report with TOC- https://www.factmr.com/ About Fact.MR Fact.MR is a fast-growing market research firm that offers the most comprehensive suite of syndicated and customized market research reports. We believe transformative intelligence can educate and inspire businesses to make smarter decisions. We know the limitations of the one-size-fits- Contact Us Fact.MR 11140 Rockville Pike Suite 400 Rockville, MD 20852 United States Email: sales@factmr.com Web: https://www.factmr.com/ End
Page Updated Last on: Dec 22, 2017
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