Global Medical Bed Market Poised To Reach At 5.4%CAGR by 2024

Global Medical Bed Market accounted to USD 2.53 billion in 2016 growing at a CAGR of 5.4% during the forecast period of 2017 to 2024. The upcoming market report contains data for historic year 2015, the base year of calculation is 2016 and the forecast period is 2017 to 2024.

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The market is segmented on the basis of usage, application, type, end-user and geography.

On the basis of usage, global medical bed market is segmented into acute care, long term care, psychiatric care, and maternity.

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On the basis of application, global medical bed market is segmented into intensive care and non-intensive. Intensive care segment is driving the market growth due to the increasing demand for critical care beds owing to the rise in geriatric population. Intensive care segment is expected to account the largest market share due to the rising geriatric population and related diseases such cardiovascular diseases, neurological disease, and bone and joint problems, the volume of patients being treated in critical care units is increasing, which in turn is driving the demand for medical beds required in intensive care units.

On the basis of type, global medical bed market is segmented into electric beds, semi electric bed, and manual bed. Electric beds accounted the largest market share in 2016 due to increasing number of patients requiring bariatric care and rise in geriatric population.

On the basis of end user, global medical bed market is segmented into hospital, home care, and elderly care.

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Based on geography the global medical bed market report covers data points for 28 countries across multiple geographies such as North America & South America, Europe, Asia-Pacific, and Middle East & Africa. Some of the major countries covered in this report are U.S., Canada, Germany, France, U.K., Netherlands, Switzerland, Turkey, Russia, China, India, South Korea, Japan, Australia, Singapore, Saudi Arabia, South Africa, and Brazil among others. In 2017, North America is expected to dominate the market.

The Global Medical Bed Market Report contains an in-depth profiling of the key market players, along with the recent developments (New product launches, partnerships, agreements, collaborations, and joint ventures) and strategies adopted by them to sustain and strengthen their positions in the market. The report includes medical bed market shares for global, Europe, North America, Asia Pacific and South America.

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Some of the major players operating in this market are

  • Stryker
  • Invacare Corporation
  • Hill-Rom Holding, Inc.
  • Amico Corporation
  • Getinge Group
  • Antano Group
  • Medical Depot, Inc.
  • Merivaara Corp.
  • Stiegelmeyer GmbH & Co. KG
  • GF Health Products, Inc.
  • LINET

 

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