Therapeutic Bed Market Growth, Industry To 2024 by Grand View Research, Inc.
Grand View Research.com has announced the addition of "Therapeutic Bed Market Analysis and Segment Forecasts To 2024" Market Research report to their Database.
The global Therapeutic Bed Market is expected to reach USD 4.1 billion by 2024, according to a new report by Grand View Research, Inc. The growing geriatric population base coupled with the rising cases of obesity, chronic conditions, and viral infections are expected to boost market growth over the forecast period.
As per the U.S. Bureau of Labor Statistics, the rank of home health aides and personal care aides is expected to increase to 13.0 million in 2020 (a 70.0% increase from 2010), thereby increasing the demand for home care. This growth is expected to increase the sale of household therapeutic beds and propel growth over the forecast period. Considering that the treatment costs at home are lower than other settings, many patients are now preferring home healthcare, thus, ultimately increasing the demand for therapeutic beds in these facilities.
Another macro factor promoting the Therapeutic Bed Market is the increase in the volume of healthcare settings across the globe. With the help of this grant, 17 new hospitals and the expansion of 137 hospitals and primary health centers are anticipated, thereby increasing the sale of therapeutic beds. Similarly, in Qatar, the number of hospital beds is expected to rise from 4,980 in 2013 to 5,725 in 2018. These expansions are expected to create new avenues for market players to capitalize on.
Browse full research report on Global Therapeutic Bed Market: http://www.grandviewresearch.com/industry-analysis/therapeutic-beds-market
Further key findings from the study suggest:
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Grand View Research has segmented Therapeutic Bed Market on the basis of products, type, and region
Global Therapeutic Beds Product Outlook (Revenue, USD Million, 2014 – 2024)
Global Therapeutic Beds Type Outlook (Revenue, USD Million, 2014 – 2024)
Browse more reports of this category by Grand View Research: http://www.grandviewresearch.com/industry/medical-devices
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