Medical Bed Market share to witness growth of 5.5% from 2017 to 2024: Global Market Insights Inc. The research report “Medical Bed Market Size By Product (Acute Care Beds, Long-term Care Beds, Psychiatric Care Beds, Bariatric Beds, Others), By Bed Type (Manual Beds, Electric Beds, Semi-electric Beds), By Application (Intensive Care, Non-intensive Care), By End-use (Hospitals, Home Care Settings, Elderly Care Facilities), Industry Analysis Report, Regional Outlook (U.S., Canada, Germany, UK, France, Italy, Spain, Russia, Poland, China, India, Japan, Australia, Brazil, Mexico, South Africa, Saudi Arabia, Qatar, UAE), Application Development Potential, Price Trends, Competitive Market Share & Forecast, 2017 – 2024” by Global Market Insights, Inc. says, Medical Bed Market size is set to exceed USD 4 billion by 2024. The rising number of investments in healthcare facilities across the globe is likely to massively impel medical bed market. In order to provide advanced medical care to the patients, many regional and state governments are investing heavily in healthcare infrastructure development. For instance, the Australian state government has provided a funding of USD 470 million to construct a 195-bed Victorian Heart Hospital, which could be one of world’s leading healthcare facility centers for researchers and patients. Furthermore, the Medical University of South Carolina (MUSC) has approved the construction of a new 128-bed hospital project worth USD 325 million in the tri-county region.
Through this development, the government plans to fulfill the increasing healthcare demands by providing high quality and consistent care to patients, thereby enhancing medical bed market share. Essentially, the significant involvement of private and government organizations in healthcare infrastructure development and capacity expansion will heavily augment medical bed industry share. Speaking of one more rather pivotal instance, the renowned healthcare service provider, Trident Health, currently is involved in six ongoing expansion projects. In fact, it has invested USD 75 million in the Summerville Medical Center and Trident Medical Center to expand its medical care facilities further. The aforementioned instances vividly demonstrate that the ongoing healthcare infrastructure expansion projects will stimulate medical bed market trends over the years ahead. Apart from facility expansions, many of the giants in medical bed industry have been involving themselves in strategic mergers and acquisitions to capture more business space. For instance, Rowsley has recently signed a deal to acquire the Singapore 1|Page