The global medical beds market is projected to reach USD 3.41 billion by 2022 from an estimated USD 2.59 billion in 2017, growing at a CAGR of 5.6% during the forecast period. 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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The medical beds market is segmented on the basis of type, application, end user, usage, and region. On the basis of type, the medical beds market is segmented into— manual beds, semi-electric beds, and electric beds. The electric beds segment is expected to dominate the medical beds market in 2017. The growing obesity rate is the major factor driving the demand for electric beds, as these are essential medical equipment in bariatric care. Moreover, the presence of favorable reimbursement policies in major markets such as the U.S. is also expected to support the growth of the electric beds market. For instance, Medicare provides a reimbursement of 7.5% on the purchase of new electric beds which can be used in home care settings. Such factors have increased the adoption rate of electric beds in home care and elderly care settings in developed regions such as the U.S.Based on usage, the medical beds market is segmented into major four categories— acute care, psychiatric care and bariatric care, long-term care, and other beds (maternity and rehabilitative beds). The long-term care segment is expected to have the fastest-growing market during the forecast period owing to the increasing number of patients requiring long-term care.
On the basis of end user, the medical beds market is segmented into home care settings, hospitals, elderly care facilities. The hospitals segment is expected to account for the largest share of the medical beds market in 2017. However, the home care settings segment is expected to have the fastest growth rate in the forecast period. This can be attributed to increasing government support to decrease the length of stay of patients inside hospitals.
Major players operating in the medical beds market include Stryker Corporation (U.S.), Hill-Rom Holding, Inc. (U.S.), Getinge Group (Sweden), and Invacare Corporation (U.S.).
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The medical beds market is segmented on the basis of type, application, end user, usage, and region. On the basis of type, the medical beds market is segmented into— manual beds, semi-electric beds, and electric beds. The electric beds segment is expected to dominate the medical beds market in 2017. The growing obesity rate is the major factor driving the demand for electric beds, as these are essential medical equipment in bariatric care. Moreover, the presence of favorable reimbursement policies in major markets such as the U.S. is also expected to support the growth of the electric beds market. For instance, Medicare provides a reimbursement of 7.5% on the purchase of new electric beds which can be used in home care settings. Such factors have increased the adoption rate of electric beds in home care and elderly care settings in developed regions such as the U.S.Based on usage, the medical beds market is segmented into major four categories— acute care, psychiatric care and bariatric care, long-term care, and other beds (maternity and rehabilitative beds). The long-term care segment is expected to have the fastest-growing market during the forecast period owing to the increasing number of patients requiring long-term care.
On the basis of end user, the medical beds market is segmented into home care settings, hospitals, elderly care facilities. The hospitals segment is expected to account for the largest share of the medical beds market in 2017. However, the home care settings segment is expected to have the fastest growth rate in the forecast period. This can be attributed to increasing government support to decrease the length of stay of patients inside hospitals.
Major players operating in the medical beds market include Stryker Corporation (U.S.), Hill-Rom Holding, Inc. (U.S.), Getinge Group (Sweden), and Invacare Corporation (U.S.).
To Speak to Our Analyst for a Discussion on the Above Findings, Click @:https://www.marketsandmarkets.com/speaktoanalystNew.asp?id=171671404
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