World Hospital Beds Sector to Post 4.7% CAGR through 2021, Predicts Meticulous Research in Its Report Available at MarketPublishers.com02 Dec 2016 • by Natalie Aster
LONDON – The worldwide market for hospital beds is expected to reach USD 2357.1 million by 2021, registering a 4.7% CAGR through to 2021. The sector is mainly driven by an upsurge in ageing population from pole to pole, leading to increased demand for medical and social services necessitating healthcare institutes to expand the number of beds in hospitals.
Furthermore, rising incidence rates of chronic diseases globally leads to an increased number of hospital admissions. This contributes to the growing purchases of hospital beds by healthcare organisations to meet the surging patient inflow. However, the market growth is likely to be limited to a certain extent by the high cost of specialty beds like bariatric, and critical care beds. Furthermore, advances in the pharmaceutical domains resulted in an impressive reduction in hospital admissions which will likely have a bearing on this market in the long view.
In-demand research report “Global Medical/Hospital Beds Market Outlook: 2016-2021” drawn up by Meticulous Market Research provides an in-depth analysis of the hospital bed marketplace across the 4 leading regions with a further country-level market analysis for each region; providing market size estimates and forecast data for 2016-2021 for each segment and sub-segment. The publication offers an all-round analysis and segmentation of the hospital beds market based on type of care, area of use, technology, and end-use sectors. The study gives true insights into the current market trends, market shares, and latest developments in the marketplace. A shrewd examination of the market growth drivers, limiters, threats, and opportunities is provided. It throws light on the competitive environment and includes detailed profiles of the major players.
More insightful reports by Meticulous Market Research can be found at its page.