Market Size in 2022 | Market Forecast in 2030 | CAGR (in %) | Base Year |
---|---|---|---|
USD 11.8 Billion | USD 20.6 Billion | 8.9% | 2022 |
FrequentlyAsked Questions
A therapeutic bed is a kind of assistive device that is devised for assisting individuals affected due to various diseases, injuries, and disease processes that can cause mobility or pain. Reportedly, therapeutic bed products include standard hospital beds, specialized mattresses, and extra padding purchased in retail stores.
The global therapeutic bed market is projected to expand over 2023-2030 due to the rise in the spread of the COVID-19 pandemic led to a rise in the requirement for therapeutic beds as a result of massive hospitalizations as well as an increase in hospital stays.
According to study, the global therapeutic bed market size was $11.8 billion in 2022 and is projected to reach $20.6 billion by the end of 2030.
The global therapeutic bed market is anticipated to record a CAGR of nearly 8.9% from 2023 to 2030.
The Asia-Pacific therapeutic bed industry is set to register the fastest CAGR over the forecasting period subject to an increase in the patient population pool, favorable public & private reimbursement policies, and growing awareness about the benefits of the use of rehabilitation devices.
The global therapeutic bed market is led by industry players such as Bakare Beds Ltd., Hill Rom, Inc. (Baxter), Invacare Corp., Stryker Corp., Medical Depot, Inc., Medline Industries, Centromed Ltd., GF Health Products, Inc., Amico Group of Companies, Arjo, Gendron, Inc., and Hard Manufacturing Company, Inc.
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