Medical Beds Market strategy and research- leading players Malvestio Spa, Invacare, Merivaara Corp., Paramount Bed, Amico Group, Linet, and Gendron

According to The Insight Partners 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.

Global medical beds market, based on the usage is segmented into acute care, long-term care, psychiatric & bariatric care, and others.  In 2018, the acute care segment held the largest share of the market, by usage. This segment is also expected to dominate the market in 2027 owing to rising prevalence of chronic diseases, growing geriatric population. Moreover, the long-term care medical beds segment is anticipated to witness the significant growth rate of 5.1% during the forecast period owing to the factors such as growing geriatric population, and the increasing number of nursing homes.

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Some of the prominent players operating in market are, Stryker, Famed ?ywiec 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 bringing new and innovative products to sustain their position in the market. For instance, in August 2017, LINET has planned to launch its new hospital bed product, Eleganza 5, in Brussels at the international congress ISICEM 2017. The new bed provide the better comfort and safety to the patient in order to get quicker recovery from the illness.

Key factors driving the medical beds market are rising geriatric population, increasing prevalence of chronic diseases, increasing number of hospitals and technological advancements in medical devices. However, factors such as, high cost associated with specialty beds such as bariatric, and critical care beds may restrict the market growth in near future.

The increase in the disease prevalence is around 35% during the forecast period. According to report of CDC, in 2018, approximately more than 9% of the population has diabetes, which is the leading cause of kidney failure, lower-limb amputations in US. Moreover, the data also suggests that 1.5 million Americans are diagnosed with diabetes every year in the US. Similar trends for high presence of diabetes are prevalent around other geographies of the globe that include Asia Pacific, Europe, Middle East and Africa. For instance, according to IDF Diabetes Atlas published by the International Diabetes Federation in 2017, South-East Asia is home to approximately one-fifth (19%) of the total diabetes population worldwide.

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

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