Medical Bed Market to witness more than 5.5% CAGR from 2017 to 2024

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© 2016 Global Market Insights, Inc. USA. All Rights Reserved Fuel Cell Market size worth $25.5bn by 2024 Medical Bed Market share to reach $4 bn by 2024: Global Market Insights Inc.

© 2016 Global Market Insights, Inc. USA. All Rights Reserved  Global Market Insights, Inc. says, Medical Bed Market size is set to exceed USD 4 billion by  Rising geriatric patient base across the globe susceptible to physical disabilities acts as a major growth rendering driver for the market.  Favorable government support and increasing efforts to enhance the healthcare facilities and offer advance care to patients in the developing countries will augment industry growth.  Increasing prevalence of chronic disorders such as stroke, diabetes, cancer which leads to rise in number of hospital admissions is another growth rendering driver.  Bariatric beds will generate huge demand in the coming years due to rising diabetes prevalence coupled with increasing obesity patients requiring bariatric surgeries propelling industry size.  Electric beds will fetch higher revenue share over the coming years owing to factors like enhancement of resident mobility as well as decrease in staff’s manual handling, ability of disabled patients to operate the adjustable features of the electric bed propelling industry size. Key Insights from Medical Bed Market:

© 2016 Global Market Insights, Inc. USA. All Rights Reserved  Rising number of patients requiring critical care due to increasing chronic ailments such as neurovascular disease, cardiac disorders, bone and joint disorders will fuel intensive care beds revenue growth in the future.  Reduced length of stay at hospitals, higher comfort levels, personal independence and faster recovery are major factors driving the homecare settings market growth.  Spain medical bed market should witness robust growth over the forecast period.  India medical bed market should grow at lucrative rate due to presence of large patient pool with chronic disorders coupled with growing obesity levels generating huge demand for specialty beds in the future.  Some of the key industry players operating in global medical bed market are Hill-Rom, Stryker, Invacare, Getinge and Paramount Bed. The industry players are investing in R&D to develop novel products to provide effective treatment options for chronic diseases. Continued...

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