Medical Beds Market to eyewitness Massive growth
The report highlights trends prevailing in the market and factors driving its growth. The medical beds market growth is attributed to rising geriatric populationand increasing prevalence of chronic diseases such as diabetes & cancer. However, reduction in the average length of hospital stay may hinder the growth of market.
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Medical Beds Market: Segmental Overview
Usage-Based Insights
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 industry in 2018 and is expected to witness growth in its demand at the fastest CAGR of 5.9% during 2019–2027.
Type-Based Insights
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.
Application-Based Insights
The global medical beds market, based on application, is segmented 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.
End User-Based Insights
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 subsegments 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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Medical Beds Market: Competitive Landscape and Key Developments
Stryker Corporation; Famed ?ywiec Sp. z o.o.; Medline Industries, Inc.; Malvestio Spa; Invacare Corporation; Merivaara Corp.; Paramount Bed Co., Ltd.; Amico Group of Companies; Linet spol. s r.o.; and Gendron Inc. are among the leading companies in the medical beds market.
In May 2019, Lojer Oy acquired Lahti-based healthcare technology company Merivaara’s Hospital bed business for € 9 million. The deal includes Merivaara’s hospital and examination beds, stretchers, and birthing beds.
In August 2018, Ascom partnered with Stryker to integrate Ascom Unite software with Stryker’s iBed Wireless Smartbed system. It will enable to deliver Stryker iBed wireless notification to clinicians or doctors about patient safety risk conditions.
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