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According to a new market research study titled ‘Medical Beds Market– Global Analysis and Forecasts by Usage, Type, Application, End User and Geography’, the global medical beds market is expected to reach US$ 5,710.7 Mn in 2027 from US$ 3,431.2 in 2017. The market is estimated to grow with a CAGR of 5.4% from 2019-2027. The report highlights the trends prevalent in the global medical beds market and the factors driving the market along with those that act as deterrents to its growth. The market is expected to grow due to increasing prevalence of chronic diseases, rising geriatric population, increasing number of hospitals, and increased government investments. However, factors such as, high cost associated with specialty beds such as bariatric, and critical care beds are likely to pose a negative impact on the market growth.

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Global medical beds market, based on the type was segmented into manual beds, semi-electric beds, and electric beds. In 2018, the manual beds segment held the largest share of the market, by type. This segment is also expected to dominate the market in 2027 owing to rising prevalence of chronic diseases, growing geriatric population, and increasing number of hospitals in rural and urban area. Moreover, the semi-electric beds segment is anticipated to witness the significant growth rate of 5.8% during the forecast period.

Some of the prominent players operating in market are Stryker, Famed Żywiec Sp. z o.o., Medline Industries, Inc., Malvestio Spa, Invacare Corporation, Merivaara Corp., Paramount Bed Co., Ltd., Amico Group, Linet, and Gendron Inc. The market players are focused towards merger and acquisition activities to sustain their position in the market. For instance, in August 2018, Stryker partnered with Ascom to integrate Ascom Unite software with Stryker’s iBed Wireless Smartbed system. It will improve the patient safety and comfort.

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The report segments the global medical beds market as follows:

• Global Medical Beds Market – By Usage • Acute Care • Long-Term Care • Psychiatric & Bariatric Care • Other Usage • Global Medical Beds Market – By Type • Manual Beds • Semi-Electric Beds • Electric Beds • Global Medical Beds Market – By Application • Intensive Care • Non-Intensive Care • Global Medical Beds Market – By End User • Hospitals • Elderly Care Facilities • Nursing Home • Home Care Settings

The global medical beds market, based on usage, is segmented into acute care, long-term care, psychiatric & bariatric care, and other usage medical beds. The acute care medical beds segment held the largest share of the medical beds market in 2018 and is expected to witness growth in its demand at the fastest CAGR of 5.9% during 2019–2027.

The global medical beds market, based on type, is segmented into manual beds, semi-electric beds, and electric beds. The manual beds segment was the largest among the type subsegment in the medical beds market in 2018. However, the electric beds segment is expected to witness growth in its demand at the fastest CAGR of 6.2% during 2019-2027.

The global medical beds market, based on application, is segmented into into intensive care and non-intensive care. The non-intensive care segment held a larger share of the medical beds market in 2018 and is expected to witness growth in its demand at a faster CAGR of 5.9% during 2019–2027.

The global medical beds market, based on end user, is segmented into hospitals, elderly care facilities, nursing home, and home care settings. The hospitals segment was the largest among the end user subsegment in the medical beds market in 2018. However, the home care settings segment is expected to witness growth in its demand at the fastest CAGR of 9.7% during 2019–2027.

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The Insight Partners is a one-stop industry research provider of actionable solutions. We help our clients in getting solutions to their research requirements through our syndicated and consulting research services. We are specialist in industries such as Healthcare, Media, and Telecommunication.

Our research model is very simple. We believe in client servicing and delivering the best quality to our customers. Through our research content, we are making sure that our customers get value for their money along with better quality data and analysis.

Our research content is majorly focused towards market trends in terms of market sizing, competitive landscaping, company analysis, regional or country analysis, etc. We provide a detailed break-up of segmentation in terms of geography, Systems, products, and services etc., which helps our clients to gain a deeper analytical understanding of various research topics.

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