Title: Medical Bed Market to witness more than 5.5% CAGR from 2017 to 2024
1Medical Bed Market share to reach 4 bn by 2024
Global Market Insights Inc.
Fuel Cell Market size worth 25.5bn by 2024
2Key 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.
3Continued...
- 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.
4Germany Medical Bed Market, By Product, 2013
2024 (USD Million)
5 Browse Full Market Research Report On Medical
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