Medical Bed Market : Increasing Investments In Healthcare Infrastructural Development
Summary
- What the Market Looks Like?
- What are Key Trends in the Market?
Factors such as increasing investments in healthcare infrastructural development, technological innovations in ICU beds, increasing number of beds in private hospitals, and increasing volume of chronic care patients are expected to drive the growth of the medical beds market in the coming years.
What the Market Looks Like?
Medical bed market is expected to reach $3.41 billion by 2022 from $2.59 billion in 2017, at a CAGR of 5.6% during the forecast period. Europe is expected to account for the largest share of the global medical beds market in 2017, followed by North America.
Increasing investments in healthcare infrastructural development, technological innovations in ICU beds, increasing number of beds in private hospitals, and increasing volume of chronic care patients are the key factors driving the growth of this market
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What are Key Trends in the Market?
The growth of the Medical beds market is primarily influenced by the following factors:
- Increasing investments in healthcare infrastructural development
- Technological innovations in ICU beds
- Increasing number of beds in private hospitals
- Increasing volume of chronic care patients
Intensive Care beds is a largest segment in medical beds market. Technological innovations have led to specialized ICU beds, which now come with highly advanced features. Features such as continuous lateral rotation therapy, patient repositioning support, weight-based pressure redistribution in any bed position, and electrical bed retraction and extension greatly benefit caregivers while treating patients. These technologically advanced medical beds are also beneficial for patients as they increase comfort and improve compliance.
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