Upward Count of Geriatric Population Prompts Demand for Hospital Beds, reports Fact.MR

Fact.MR has recently published a new study titled “Hospital Beds Market Forecast, Trend Analysis & Competition Tracking – Global Market insights 2017 to 2022”, which deliberately targets the global market expansion primarily influenced by modern factors. It has been noticed that technological advancements on the basis of portability, cost-effectiveness, utilities and patient comfort have succeeded into various novelties in hospital beds like adjustable side railings, fiber-made body, automatic height adjustability and multi-storage facility. According to this intelligent assessment, the global market for hospital beds is projected to expand at a moderate CAGR of 3.9% during the period until 2022. It is estimated that sales of hospital beds at the global level are estimated to surpass US$ 3,000 Mn in revenues by the end of forecast period.

Medical beds are specifically designed for assisting and supporting patients. It should be known that medical beds permit infection control, deliver comfort, protection and even encourage effective risk management. Some of the most commonly available medical beds in the market include manual beds, electric beds and semi-electric beds. This report is meticulously compiled to enlighten readers together with stakeholders and new entrants about the ongoing trends and opportunities encouraging the global medical bed market in the near future.

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Hospital End-User Segment Exhibits Greater Demand for Medical Beds

According to this assessment, increasing incidence of neurological diseases and chronic diseases, owing to swelling geriatric population has escalated the prevalence of hospitalization all over the globe. As a result, this aspect has significantly driven demand for hospital beds in hospitals. The report unveils that hospitals are projected to remain the most profitable end-users of medical beds, as sales are forecasted to hit approximately US$ 2,300 Mn revenues by the end of 2022.

Europe Set to Lead Global Market for Medical Beds

With a stern focus on the geographical expanse across the global medical bed market, Europe is marked to showcase its dominance in terms of revenue. The market for hospital beds in Europe and Middle East & Africa (MEA) are estimated to register similar CAGRs during the stated forecast period. Likewise, North America would also remain lucrative, and is anticipated to deliver a relatively faster expansion by 2022-end.

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Semi-Electric Beds Gain Higher Prominence in Terms of Revenue Share

On the basis of product type, electric beds will continue to be the preferred choice among patients in the global medical bed market. However, sales of electric beds would record the lowest CAGR through 2022. This is primarily because semi-electric beds are projected to witness a firm expansion, thereby, accounting close to US$ 1,000 Mn in revenues by 2022-end.

As the report settles, readers can receive precise data associated to the competitive landscape active in the global hospital bed market. The key players functioning in global medical beds market are mentioned in the report, which include Merivaara Corp., Stiegelmeyer GmbH & Co. KG, Span-America Medical Systems, Inc., Medline Industries, Inc., LINET spol. s r.o., Amico Corporation, Getinge AB, Invacare Corporation, Stryker Corporation and Hill-Rom Holdings, Inc.

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