San Francisco, 18
September 2018: 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.
Access Research Report
of Therapeutic Bed Market @
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 Press Release of
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.
