Medical Beds Market : Size, Growth, Industry Share, Forecast And Analysis Report By 2027
The global medical beds market is expected to reach US$ 5,710.7 Mn in 2027 from US$ 3,431.2 in 2017. The market is estimated to grow with a CAGR of 5.4% from 2019-2027. The growth of the medical beds market is primarily attributed to the factors such as rising geriatric population, increasing prevalence of chronic diseases, increasing number of hospitals, increased government investments and technological advancements in medical devices are major factors driving the growth of medical beds market. However, high cost associated with specialty beds such as bariatric, and critical care beds and clinical improvements in healthcare. On the other hand, growth opportunities in emerging regions is likely to have a positive impact on the growth of the global medical beds market in the coming years. With a rise in cases of chronic illnesses such as cancer, diabetes, cardiovascular diseases and hypertension, there has been a rise number of hospital admissions. Also, in recent days, there ha...