What’s So Trendy about Medical Beds Market That Everyone Went Crazy over It? | Arjo., Hill-Rom Sercices, Inc, Paramount Bed Co. Ltd, Invacare…

In terms of revenue, Global medical beds market was valued at US$ 2978.0 million in 2018 and is anticipated to reach US$ 4750.0 million by 2027, growing at a CAGR of 5.3% over the forecast period. The past few decades have witnessed scientific achievements and technological advancements in the medical beds industry. The growing need to provide acute care services within the comfort and convenience of homecare is increasing the demand for manual and semi-electric medical beds.

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The gaps in healthcare coverage coupled with rise in geriatric population across developed and developing countries is further influencing the Medical Beds Market growth. China, as a part of its five-year plan, has targeted to add more than 85,000 hospital beds by 2020. Developing countries too are proactively working towards enhancing their healthcare infrastructure. India, in order to achieve the minimum mandate for hospital beds, is estimated to increase its capacity and add more than 2.5 million beds in the coming years.

The Medical Beds Market participants are investing towards manufacturing of medical beds, specifically designed for convalescent homes and private residences. Arjo, a medical technology company, offers a distinct range of medical beds for application in homecare settings. The bed is equipped with advanced power-driven profiling system and other prominent features allowing a comfortable independent stay to the patients and enhanced convenience to the care givers. The rising incidences of chronic diseases largely triggered by change in lifestyle, is creating Medical Beds Market expansion opportunities for medical beds manufacturers across various regions globally. Furthermore, the Medical Beds Market is also attracting lucrative investments owing to favorable government policies. Government bodies globally are mandating the minimum requirement for the number of beds to be made available in both, private and public hospitals. The same is expected to proliferate the market growth over the forecast period.

Key Findings of the Report:

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Global Medical Beds Market

By Product Type

Medical Beds Market By Bed Type

End Users:

Medical Beds Market By Region:

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What's So Trendy about Medical Beds Market That Everyone Went Crazy over It? | Arjo., Hill-Rom Sercices, Inc, Paramount Bed Co. Ltd, Invacare...