Medical Bed Market Size, Industry Analysis Report,
Regional Outlook from 2017 to 2024.: Global Market
Insights Inc.
Increasing prevalence of chronic disorders such as cancer, cardiovascular diseases,
arthritis, kidney, respiratory and neurological disorders requiring long hospitalization
duration will drive global Medical Bed Market growth. Growing geriatric population will
serve to be a high impact rendering factor due to higher susceptibility of acquiring
chronic diseases. Moreover, the elderly population has a higher risk of injuries such as
femur fracture from falls which require hospitalization and lead to need for long term
care.
Rising number of hospital admissions due to various accidents and fatalities requiring
long term treatment and hospitalization will boost growth. Increasing investment in
healthcare infrastructure coupled with growing number of beds in hospitals and
homecare settings will fuel industry expansion. Technological advancements such as
development of side split rails for protecting patients from falls, use of material such as
polycarbonate for making the bed shatter, impact and corrosion resistant will further
aid industry growth. However, high cost of products will impede the product growth to
some extent. Increasing preference of minimally invasive procedures which require less
time along with reduced hospital stay and recovery period may restrain growth during
the forecast period.
Acute care products market is forecast to grow at robust rate by 2024. Multifunction
applications of these products for managing labor, curing illness or providing definitive
injury treatment, performing diagnostic or surgery procedures will boost demand.
Electric beds permit the adjustment of both upper and lower body positions along with
bed height adjustment via remote control. Increased comfort provided to patients
suffering from problems such as poor mobility, chronic pain, swelling complaints,
arthritis and respiratory disorders will stimulate product growth. However, high
associated cost may restrict the growth to some extent.
Usage of beds in homecare settings is poised to grow at a lucrative rate over the forecast
period owing to increasing preference of receiving care at home. Reduction in time
spent at hospital, higher comfort levels, involvement and support of family and friends
in the treatment, higher level of personal independence and faster recovery provided
through home healthcare will increase adoption.
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