The global Therapeutic Bed Market is expected to reach USD 4.1 billion by 2024, according to
a new report by Grand View Research, Inc. The growing geriatric population base
coupled with the rising cases of obesity, chronic conditions, and viral
infections are expected to boost market growth over the forecast period.
As
per the U.S. Bureau of Labor Statistics, the rank of home health aides and
personal care aides is expected to increase to 13.0 million in 2020 (a 70.0%
increase from 2010), thereby increasing the demand for home care. This growth
is expected to increase the sale of household therapeutic beds and propel
growth over the forecast period. Considering that the treatment costs at home
are lower than other settings, many patients are now preferring home
healthcare, thus, ultimately increasing the demand for therapeutic beds in
these facilities.
Another
macro factor promoting the Therapeutic Bed Market is the increase in the volume
of healthcare settings across the globe. With the help of this grant, 17 new
hospitals and the expansion of 137 hospitals and primary health centers are
anticipated, thereby increasing the sale of therapeutic beds. Similarly, in
Qatar, the number of hospital beds is expected to rise from 4,980 in 2013 to
5,725 in 2018. These expansions are expected to create new avenues for market
players to capitalize on.
Full Research
Report On Therapeutic
Bed Market Analysis: www.grandviewresearch.com/industry-analysis/therapeutic-beds-market
Further key findings from the study suggest:
·
The household bed segment is
identified as the fastest growing. The growing penetration of home healthcare
services for preventive care, post-operative care, and for long-term chronic
therapies are expected to drive the growth over the forecast period.
·
Clinical beds have been further
sub-segmented into regular, ICU, pediatric, birthing, bariatric, low air loss,
and other beds. Bariatric beds are expected to gain the highest application in
regions such as the U.S., Canada, the UK, and Germany due to the rising number
of obese population.
·
North America is expected to
dominate the overall market throughout the forecast period, owing to the
presence of well-developed primary, secondary, tertiary care hospitals, the
presence of a well-developed reimbursement network, government funding, and
high public and private expenditure in the hospitals sector
·
Asia Pacific is anticipated to
be the fastest growing region. The market is expected to grow at a CAGR of
about 7.0% over the forecast period. The hospital to beds ratio is below the
WHO standards in several Asia Pacific countries and the governments are
investing significant resources to improve the healthcare infrastructure in
this region.
·
Key players of the industry
include Invacare Corporation, Hill-Rom, Inc., Stryker Corporation,
ArjoHuntleigh, Gendron, Inc., Hard Manufacturing Co., Bakare, Medline
Industries, Sunrise Medical, and GF Health Products, Inc. Most of these
companies have been in the business for over a decade and are bringing in
expertise and technological advancement that are expected to help them sustain
over the forecast period.
·
In order to curb competition,
major market players are working towards the acquisition of emerging entrants.
For instance, in January 2015, Stryker Corporation acquired the assets of CHG
hospital Beds, Inc., a privately held company to enhance the low height bed
designs portfolio.
Browse More Reports Of This
Category By Grand View Research At: www.grandviewresearch.com/industry/medical-devices
Grand View Research has
segmented Therapeutic Bed Market on the basis of products, type, and region
Global
Therapeutic Beds Product Outlook (Revenue, USD Million, 2014 - 2024)
·
Clinical Beds:
o
Regular Beds
o
ICU Beds
o
Pediatric Beds
o
Birthing Beds
o
Bariatric Beds
o
Low Air Loss Beds
o
Others
·
Household Beds
·
Accessories
Global
Therapeutic Beds Type Outlook (Revenue, USD Million, 2014 - 2024)
·
Acute Care
·
Critical Care
·
Long-term
Therapeutic
Beds Regional Outlook (Revenue, USD Million, 2014 - 2024)
·
North America
o
U.S.
o
Canada
·
Europe
o
UK
o
Germany
·
Asia Pacific
o
Japan
o
China
·
Latin America
o
Brazil
o
Argentina
·
MEA
o
South Africa
o
Saudi Arabia
Access Full Press Release of this Report:
www.grandviewresearch.com/press-release/global-therapeutic-bed-market
www.grandviewresearch.com/press-release/global-therapeutic-bed-market
About
Grand View Research
Grand View Research, Inc. is a U.S. based market research and
consulting company, registered in the State of California and headquartered in
San Francisco. The company provides syndicated research reports, customized
research reports, and consulting services. To help clients make informed
business decisions, we offer market intelligence studies ensuring relevant and
fact-based research across a range of industries, from technology to chemicals,
materials and healthcare.
For more
information: www.grandviewresearch.com
