The Medical Bed Market report contains data for historic year 2015, the base year of calculation is 2016 and the forecast period is 2017 to 2024. Data collection and base year analysis is done using data collection modules with large sample sizes. The market data is analyzed and forecasted using market statistical and coherent models. Also market share analysis and key trend analysis are the major success factors in the market report.
The global medical bed market accounted to USD 2.53 billion in 2016 growing at a CAGR of 5.4% during the forecast period of 2017 to 2024.
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Definition: Global Medical Bed Market
Medical bed is designed in such a way so that it can support and assist the patient. It should allow infection control, comfort, ease of use, safety and should promote effective risk management. Medical beds comes in different types such as electric, non-electric as well as manual bed due to aged people, chronic diseases, home care setting along with the need of patients.
Major Market Drivers and Restraints :
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
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 market is 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.
Competitive Analysis : Global Medical Bed Market
The global medical bed market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes medical bed market shares for global, Europe, North America, Asia Pacific, and South America.
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Major Market Competitors : Global Medical Bed Market
Some of the major players operating in global medical bed market are Stryker, Invacare Corporation, Hill-Rom Holding, Inc., Amico Corporation, Getinge Group, Antano Group, Medical Depot, Inc., Merivaara Corp., Stiegelmeyer GmbH & Co. KG, GF Health Products, Inc., and LINET among others.
Research Methodology: Global Medical Bed Market
Demand Side Primary Contributors: Doctors, Surgeons, Medical Consultants, Nurses, Hospital Buyers, Group Purchasing Organizations, Associations, Insurers, Medical Payers, Healthcare Authorities, Universities, Technological Writers, Scientists, Promoters, and Investors among others.
Supply Side Primary Contributors: Product Managers, Marketing Managers, C-Level Executives, Distributors, Market Intelligence, and Regulatory Affairs Managers among others.
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