17-May-2023 | Zion Market Research
The global therapeutic bed industry size was nearly $11.8 Billion in 2022 and is set to increase to about $20.6 Billion by 2030 along with securing the highest cumulative annual growth rate of 8.9% from 2023 to 2030.
A therapeutic bed is a kind of assistive equipment that is used for supporting people suffering from chronic ailments, injuries, and disease processes which can cause pain. Moreover, therapeutic bed products include standard hospital beds, specialized mattresses, and extra padding purchased in retail stores. It also includes additional positioning aids including pillows, bolsters, and wedges providing comfort. Apart from this, it fulfills the positioning needs of customers associated with their medical conditions.
Increase in the aging population and rise in the disease burden as well as the growing unmet medical needs of patients witnessed in emerging economies will embellish the global therapeutic bed market trends across the globe. Apart from this, a prominent surge in the expenditure on healthcare services and demand for an increase in therapeutic beds for patients owing to the outbreak of pandemics will add to the profitability of the global market in the foreseeable future. Rise in bariatric, inpatient, ambulatory surgeries and critical care services for post-operative & pre-operative methods will proliferate the global market expansion.
Nevertheless, low access to therapeutic beds in emerging as well as underdeveloped countries due to the quick spread of the pandemic can hinder the therapeutic bed industry surge across the globe. However, the humungous need of reducing the multiplication of microbes in the mouth and the necessity of preventing infection of dental gums can open new growth opportunities for the global industry.
The global therapeutic bed market is divided into application, product, end-use, and region.
The product segment of the therapeutic bed market is sub-segmented into clinical beds and household beds segments. Furthermore, the clinical segment, which accounted for more than 49% of the global market share in 2022, is set to retain its segmental domination in the coming years. The segmental surge in the next eight years can be credited to the high rate of ICU admissions owing to road accidents, the pandemic outbreak, and the rise in geriatric population susceptible to chronic ailments. Furthermore, these products offer various benefits including side railings, electronic elevation, and wheels helping them in their mobility and adjusting to the height of the space.
On the basis of application, the therapeutic bed industry across the globe is divided into critical care therapeutic beds, acute care therapeutic beds, and long-term therapeutic beds segments. The acute care therapeutic beds segment, which held the major share of approximately 42% of the global market in 2022, is set to continue its segmental domination in the ensuing years. The expansion of the segment in the analysis timeframe can be owing to the rise in the use of acute care therapeutic beds in hospitals for effectively handling maternity issues, reducing the severity of mental ailments, and offering protection against aggravation of the chronic disease.
In terms of end-use, the therapeutic bed market across the globe is segmented into reproductive care centers, hospitals & clinics, and others. The hospitals & clinics segment, which contributed for about more than two-fifths of the global market revenue in 2022, is set to establish a leading position in the global market in the upcoming years. The segmental expansion in the ensuing years can be a result of a rapidly exploding aging population, rising incidence of chronic disorders, and surge in frequency of hospitalizations owing to chronic disorders. In addition to this, the availability of advanced healthcare amenities in hospitals & clinics will enlarge the scope of the demand for therapeutic beds in hospitals & clinics in the years to come.
Furthermore, Europe, which contributed nearly two-fifths of the overall share of the global therapeutic bed market in 2022, is set to dominate the regional market expansion in the forecasting years. The regional market expansion in the coming years can be due to the presence of key players in the countries such as France, Italy, the UK, Russia, and Germany. In addition to this, access to robust healthcare facilities in the region and improvement in medical therapies & surgeries will steer the regional market growth.
Browse the full “Therapeutic Bed Market By Product (Clinical Beds and Household Beds), By Application (Critical Care Therapeutic Beds, Acute Care Therapeutic Beds, and Long-Term Therapeutic Beds), By End-Use (Reproductive Care Centers, Hospitals & Clinics, and Others), and By Region - Global And Regional Industry Overview, Market Intelligence, Comprehensive Analysis, Historical Data, And Forecasts 2023 – 2030.” Report at https://www.zionmarketresearch.com/report/therapeutic-bed-market
Key players in the global therapeutic bed market include:
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