The Global Therapeutic Beds Market is expected to grow at a CAGR during the forecasting period (2022-2029).
Growing adoption of automated hospital beds, raising the number of medical emergencies cases globally, and increasing demand for healthcare facilities are some of the key trends in the therapeutic beds market.
Growing geriatric population, technological advancements in the healthcare industry primarily in the therapeutic beds, raising demand for home health care industry in Middle East regions, increasing hospitals especially in the emerging countries are some of the major factors driving the growth of the market in the forecasted period.
The high cost of the beds and low per capita beds in the emerging nations are some of the critical factors restraining the growth of the market.
By Product Type
Therapeutics bed by market type is segmented into clinical beds, households, and others. Over the forecast period, household beds are anticipated to witness the fastest growth owing to increasing demand for home care by geriatric and chronically ill patients.
Regarding revenue, clinical beds contributed to about 36.75% of the market share in 2017 and are expected to dominate over the forecast period due to the increasing demand by hospitals owing to the expansion and infrastructural changes planned by these hospitals
By Bed Type
The report also covers the key factors impacting the market, Porter 5 Forces, Market Share Analysis, Price trend analysis, Product Benchmarking, and company profiles.
Geography, the European region dominated the market regarding revenue in 2018 with Europe having a market share of 33.53%. High expenditure from government and private companies in the area with large allocations of funds for research and development, favorable regulatory policies are the key factors supporting the growth of the market.
A substantial prevalence of chronic disease and presence of high-quality healthcare facilities and favorable reimbursement policies has also led to high hospital admission in the region, which in turn has boosted the usage of the hospital beds in the area. NorthAmerica market is expected to dominate the market share by the end of the forecasted period.
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