Therapeutic beds market is expected to grow during the forecast period owing to the increasing geriatric population base coupled with rising incidence of chronic diseases such as diabetes, cardiovascular diseases, cancer. Out of the total number of medical cases, a huge number of shares are held by elderly people. The common diseases found in median age people are arthritis, heart disease, cancer, respiratory diseases, Alzheimer disease, osteoporosis, diabetes, influenza & pneumonia and physical injuries. Some drivers for this market are increasing development in the medical sector, changing disease induced lifestyle such as smoking and heavy alcohol consumption. Introduction of technologically advanced products such as fiber body, adjustable side rails,light weight, automatic height adjustable with multi storage facilities is expected to drive the market during the forecast period.
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Therapeutic beds market is segmented on the basis of types and end use. On the basis of types, the market is bifurcated into, household beds and clinical beds. Among these clinical beds held the largest market share in 2013 owing to the increasing number of patient base and growing number of hospitals. Clinical beds are further classified into, regular medical beds, ICU beds, pediatric beds, birthing beds and generic beds such as, bariatric beds, low air loss bed systems and air fluidized.
Clinical beds are specially designed for hospitals, for performing operations and provide comfort to the patients. Commercial/private labs, hospitals, public health labs, physician offices and house are the end-use segments for this market. Among these hospitals held the largest market share in 2013. Extensive use and availability of therapeutic beds in hospitals are the factors attributing for its largest share.
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Geographically, the therapeutic beds market is studied with respect to North America, Europe, Asia Pacific and RoW. North America is dominating the market followed by Europe. Availability of medical facilities, improved healthcare infrastructure, awareness among people, and the presence of technologically advanced system are the factors contributing for its highest share. The growing economies in Asia Pacific such as India and China region are expected to witness lucrative growth during the forecast period due to the rising healthcare expenditure, increasing number of patient and increasing number of hospitals.
Key market participants for therapeutic beds market include Invacare Corporation, Hill Rom, Inc., ArjoHuntleigh, Stryker Corporation, Gendron, Inc., BaKare Beds Ltd., Hard Manufacturing Co., and GF Health Products, Inc.
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