New York, NY, March 27, 2019 (GLOBE NEWSWIRE) -- Zion Market Research has published a new report titled “Medical Beds Market by Type (Electric Beds, Semi-Electric Beds, and Manual Beds), by Usage (Acute Care, Long-Term Care, Psychiatric Care, and Maternity Care), by Application (Intensive Care and Non-Intensive Care), and by End-User (Hospital, Home Care, and Elderly Care): Global Industry Perspective, Comprehensive Analysis, and Forecast, 2018–2025”. According to the report, the global medical beds market was valued at approximately USD 2,589 million in 2018 and is expected to generate around USD 3,711 million by 2025, at a CAGR of around 5.2% between 2019 and 2025.
Hospital beds allow positioning of patients body that is not possible on a regular bed, which is used at homes. The growing geriatric patient pool suffering from chronic diseases and the rising disability levels worldwide will drive the global medical beds market over the estimated time period. The aging population is more prone to injuries and physical disabilities will also fuel the global medical beds market over the assessment span. Moreover, increasing efforts between private organizations and government through public-private partnerships (PPPs) mostly in emerging countries, such as India, China, and Brazil, for the improvement of infrastructure will further drive the medical beds market growth globally in the future. The increasing incidences of chronic diseases due to CVD, respiratory disorders, cancer, diabetes, and stroke will increase the number of hospital admissions for effective and proper treatment of patients. This, in turn, will boost the medical beds market in the years ahead.
Browse through 71 Tables & 26 Figures spread over 110 Pages and in-depth TOC on “Global Medical Beds Market Size & Share 2018 Report: By Product Type, Industry Growth, Segments, Analysis and Forecast 2025”.
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Based on the type, the market is segmented into electric beds, semi-electric beds, and manual beds. Electric beds held a major revenue share of the global market in 2018, due to the growing number of patients and benefits associated with electric beds, such as comfort offered to the patients. On the basis of usage, the market is segmented into acute care, long-term care, psychiatric care, and maternity care. Acute care contributed to the largest revenue share to the market and is predicted to witness significant growth over the forecast time period. This can be attributed to the growing demand for medical beds for acute care for treating patients that are suffering from chronic diseases. Based on application, the market is segmented into intensive care and non-intensive care. The intensive care segment is anticipated to contribute the highest revenue share to the global medical beds market, owing to the rising geriatric population, as this population is more prone to develop chronic diseases. Based on end-user, the market is segmented into the hospital, home care, and elderly care. The hospital segment led the market in terms of revenue in 2018, due to the growing number of patient visits and the rising number of favorable government initiatives for healthcare.
By region, North America contributed a major revenue share to the global medical beds market in 2018 and is anticipated to dominate globally over the forecast time period as well. This regional growth is attributed to the high adoption rate of novel technology and the presence of developed healthcare infrastructure. Furthermore, North America was the largest geographical market for acute care beds due to a large patient pool in 2018.
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Europe was the second largest regional market in 2018 and is expected to show significant growth in the years to come, owing to the growing research and development activities and escalating geriatric population that is prone to chronic diseases coupled with a rising number of private hospitals. The increasing accessibility to healthcare facilities in the region and rising medical tourism are also expected to contribute toward the growth of medical beds market in this region.
The Asia Pacific and Latin America markets are projected to show the highest CAGR over the forecast time period. This regional growth will particularly be expected in Brazil, China, and India, among other emerging countries of these regions. Increased life expectancy of people and the growing prevalence of obesity due to changing lifestyles and diet patterns are majorly driving this market.
Browse the full “Medical Beds Market by Type (Electric Beds, Semi-Electric Beds, and Manual Beds), by Usage (Acute Care, Long-Term Care, Psychiatric Care, and Maternity Care), by Application (Intensive Care and Non-Intensive Care), and by End-User (Hospital, Home Care, and Elderly Care): Global Industry Perspective, Comprehensive Analysis, and Forecast, 2018–2025” Report at https://www.zionmarketresearch.com/report/medical-beds-market
The Middle Eastern and African medical beds market will demonstrate the least growth in comparison to other regions, owing to the lack of favorable reimbursement policies.
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This report segments the global medical beds market into:
Global Medical Beds Market: Type Analysis
- Electric Beds
- Semi-Electric Beds
- Manual Beds
Global Medical Beds Market: Usage Analysis
- Acute Care
- Long-Term Care
- Psychiatric Care
- Maternity Care
Global Medical Beds Market: Application Analysis
- Intensive Care
- Non-Intensive Care
Global Medical Beds Market: End-User Analysis
- Hospital
- Home Care
- Elderly Care
Global Medical Beds Market: Regional Analysis
- North America
- The U.S.
- Europe
- UK
- France
- Germany
- Asia Pacific
- China
- Japan
- India
- Latin America
- Brazil
- The Middle East and Africa
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