Published on : Jun 22, 2016
Therapeutic beds are specially designed to provide extra comfort to patients. They comprise mattresses and beddings and are used for medical purposes. The global market for therapeutic beds has been witnessing rapid growth in the last few years, owing to the rising demand and growing awareness regarding the benefits. Therapeutic beds are majorly used in medical clinics, hospitals, and at home for patients. The major players active in the global therapeutic beds market are making efforts to offer innovative beds in order to attract a huge consumer base in the near future. In the last few years, the global therapeutic beds market has entered into the household retail segment, due to which they are offering innovative and novel products.
The global therapeutic market has been divided on the basis of type into:
The growing geriatric population across the globe is one of the major factor boosting the demand for therapeutic beds. In addition, the rising incidence of chronic diseases, including cardiovascular diseases, cancer, and diabetes are estimated to fuel the growth of the global therapeutics beds market in the next few years. The rising consciousness among the population regarding a healthy lifestyle and wellness is further anticipated to bolster the growth of the global therapeutics market in the coming years. On the other hand, the high cost of therapeutics beds is one of the prominent factors expected to curb the growth of the global therapeutics beds market in the next few years.
The growing competition amongst the players is encouraging the participation of new entrants in the global therapeutics beds market in the near future. However, the leading players in the market are restricting the entry of the new players, which is another factor hampering the growth of the overall market. Nevertheless, developing economies are expected to offer potential opportunities for the market players in the next few years.
Some of the key players active in the global therapeutics beds are Centromed Ltd., Grant Airmass Corporation, Hill Rom, Inc., BG Industries, Stryker Corporation, Casco Solutions, Gaymar Industries, The LiftCare Bed Co, BaKare Beds Ltd., Hard Manufacturing Co., Carital Ltd, Gendron, Inc., GF Health Products, Inc. and Invacare Corporation.