Medical Bed Market to witness more than 5.5% CAGR from 2017 to 2024

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Medical Bed Market share to reach 4 bn by 2024
Global Market Insights Inc.
Fuel Cell Market size worth 25.5bn by 2024
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Key Insights from Medical Bed Market

• Global Market Insights, Inc. says, Medical Bed
  Market size is set to exceed USD 4 billion by
  2024.
• Rising geriatric patient base across the globe
  susceptible to physical disabilities acts as a
  major growth rendering driver for the market.
• Favorable government support and increasing
  efforts to enhance the healthcare facilities and
  offer advance care to patients in the developing
  countries will augment industry growth.
• Increasing prevalence of chronic disorders such
  as stroke, diabetes, cancer which leads to rise
  in number of hospital admissions is another
  growth rendering driver.
• Bariatric beds will generate huge demand in the
  coming years due to rising diabetes prevalence
  coupled with increasing obesity patients
  requiring bariatric surgeries propelling industry
  size.
• Electric beds will fetch higher revenue share
  over the coming years owing to factors like
  enhancement of resident mobility as well as
  decrease in staffs manual handling, ability of
  disabled patients to operate the adjustable
  features of the electric bed propelling industry
  size.

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Continued...

• Rising number of patients requiring critical care
  due to increasing chronic ailments such as
  neurovascular disease, cardiac disorders, bone
  and joint disorders will fuel intensive care beds
  revenue growth in the future.
• Reduced length of stay at hospitals, higher
  comfort levels, personal independence and faster
  recovery are major factors driving the homecare
  settings market growth.
• Spain medical bed market should witness robust
  growth over the forecast period.
• India medical bed market should grow at lucrative
  rate due to presence of large patient pool with
  chronic disorders coupled with growing obesity
  levels generating huge demand for specialty beds
  in the future.
• Some of the key industry players operating in
  global medical bed market are Hill-Rom, Stryker,
  Invacare, Getinge and Paramount Bed. The industry
  players are investing in RD to develop novel
  products to provide effective treatment options
  for chronic diseases.

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Germany Medical Bed Market, By Product, 2013
2024 (USD Million)

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