PUBLISHER: Acute Market Reports | PRODUCT CODE: 1293841
PUBLISHER: Acute Market Reports | PRODUCT CODE: 1293841
Therapeutic Beds Market is Expected to Grow at 5.0% by 2031. Therapeutic beds is a consistently growing market due to the overall growth in chronic disease prevalence and geriatric patient population. Therapeutic beds are basically used in hospitals, clinics and in home-care. Ease of use in novel equipment has led to the introduction of therapeutic beds and mattresses into the retail sector. Major drivers of the therapeutic beds market are advent of innovative treatments that demand changes in hospital infrastructure, rise in the high-risk geriatric population, and the prevalence of chronic diseases.
Growing preference for home-care and assisted living has also increased demand for therapeutic beds. The introduction of innovative features such as lightweight, automation, adjustable height, and side railing, and others have further added to the demand for therapeutic beds through upgrading the existing products. Some of the restraining factors of this market are high pricing of new products. This market is highly competitive, with several local players manufacturing base-line products. Hospitals is still the major market segment for therapeutic beds. However, growing awareness among patient population particularly the geriatric and disabled group will serve as potential opportunities in this market.
|
|
This study report represents analysis of each segment from 2021 to 2031 considering 2022 as the base year. Compounded Annual Growth Rate (CAGR) for each of the respective segments estimated for the forecast period of 2023 to 2031.
The current report comprises of quantitative market estimations for each micro market for every geographical region and qualitative market analysis such as micro and macro environment analysis, market trends, competitive intelligence, segment analysis, porters five force model, top winning strategies, top investment markets, emerging trends and technological analysis, case studies, strategic conclusions and recommendations and other key market insights.
The complete research study was conducted in three phases, namely: secondary research, primary research, and expert panel review. key data point that enables the estimation of Therapeutic Beds market are as follows:
Micro and macro environment factors that are currently influencing the Therapeutic Beds market and their expected impact during the forecast period.
Market forecast was performed through proprietary software that analyzes various qualitative and quantitative factors. Growth rate and CAGR were estimated through intensive secondary and primary research. Data triangulation across various data points provides accuracy across various analyzed market segments in the report. Application of both top down and bottom-up approach for validation of market estimation assures logical, methodical and mathematical consistency of the quantitative data.