Fact.MR – A Market Research and Competitive Intelligence Provider: A recent report on the therapeutic support surface market by Fact.MR predicts that the market will register a CAGR of 6.2% during the forecast period of 2021 to 2031.
Therapeutic Support Surface Sales to Continue Surging at 6.2% CAGR through 2031 as Cases of Hospitalization and Emergencies Increase
The Fact.MR report on therapeutic support surface market offers detailed analysis on the key growth drivers, restrains, and trends affecting demand in the market. The survey also provides insights into the competitive landscape of global therapeutic support surface market, identifying the key market players and analyzing the impact of their growth strategies.
Fact.MR – A Market Research and Competitive Intelligence Provider: A recent report on the therapeutic support surface market by Fact.MR predicts that the market will register a CAGR of 6.2% during the forecast period of 2021 to 2031. Growing geriatric and specially-abled population are likely to fuel the demand for therapeutic support surfaces.
Manufacturers operating in the global market are investing in innovating products to generate revenue. For instance, recent technological advancements are aimed at providing cost effective solutions, improved portability, and patient comfort.
While various markets struggled to stay afloat amidst COVID-19, sales of therapeutic support surfaces soared. Rising number of hospitalizations and emergencies during COVID-19 pandemic created lucrative sales opportunities as focus on patient care was at all-time high.
Medical sector is witnessing admission of patients with chronic illness more than before. Some of them even require long-term care and medical beds. Rising occurrence of chronic disorders and injuries will continue fueling the demand for therapeutic support surface.
Governments around the world are actively investing in developing healthcare infrastructure to offer improved patient care. This will present conducive environment for growth. Therapeutic support surface such as bariatric beds and specialty beds systems help patients release their body pressure and improve their ability to move their position as per required comfort.
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These beds are often imperative for recovery of patients with pressure ulcer. They are designed to help patients rest comfortably on bed and reduce mobility during patient’s post-surgery and long term treatment period. Therefore, the rising incidence of pressure ulcer cases will fuel the need for therapeutic support beds.
Besides this, the demand for bariatric beds is expected to soar amidst rising cases of obesity and consequently rising number people opting for bariatric surgery to reduce weight.
“Key players operating in the market are focusing on investing in automation and develop product portfolio. Considering this, a slew of product launches is on cards, which will enable expansion of the market in the forecast period,” said a Fact.MR analyst.
Key Takeaways
- Hospitals segment witnessed a surge in demand during COVID-19 pandemic as increasing number of patients were admitted.
- Germany will emerge as a leading market in Europe, backed by increasing public funding to improve overall healthcare support.
- The U.S. will dominate North America driven by presence of favorable reimbursement policies and an extensive network of hospitals and healthcare facilities.
- Canada exhibited high demand for therapeutic support beds amidst surging cases of COVID-19 infection.
Growth Drivers
- Aged population is rising at a rate of 2.6% every year, globally. This is expected to increase prevalence of chronic illness and other ailments, thus boosting therapeutic support surface market.
- Increased funding towards expansion of healthcare infrastructure will create lucrative opportunities for therapeutic support surface market growth over the forecast period.
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Competitive Landscape
Companies operating in the therapeutic support surface market are expected to focus on research and development initiatives. The market is oligopolistic in nature and is dominated by few top players. Product development and launches are helping manufacturers to expand their product portfolio and geographical foothold.
For instance, Airisana said that it is catering to pressure injury epidemic in the U.S. as it affected almost 19% of hospitals today.
Some of the key players operating in the global therapeutic support surface market as profiled by Fact.MR are:
- Antano Group
- Besco Medical
- GF Health Products Inc
- Gendron Inc
- Getinge AB
- HARD Manufacturing Company Inc
- Hill-Rom Holdings
- Invacare Corporation
- Stryker Corporation
- BaKare Beds Ltd
More Insights on the Therapeutic Support Surface Market
Fact.MR provides an unbiased analysis on the therapeutic support surface market, presenting historical demand data (2016-2020) and forecast statistics for the period from 2021 to 2031. The study divulges compelling insights into the global therapeutic support surface market with a detailed segmentation on the basis of:
Product
- Therapeutic Mattresses
- Mattress Overlays
- Bariatric Beds
- Specialty Bed Systems
Type
- Manual Beds
- Semi-electric Beds
- Electric Beds
Application
- Critical Care
- Acute Care
- Long Term
End User
- Hospitals
- Clinics
- Ambulatory Surgical Centers
- Home Care Settings
- Elderly Care Settings
Region
- North America
- Latin America
- Europe
- South Asia
- East Asia
- Oceania
- Middle East & Africa
Key Questions Covered in the Therapeutic Support Surface Market Report
- The report offers detailed insights into therapeutic support surface demand outlook for 2021-2031.
- The market study also highlights projected sales growth for therapeutic support surface market between 2021 and 2031.
- Therapeutic support surface market survey identifies key growth drivers, restrains, and other forces impacting prevailing trends and evaluation of current market size and forecast and technological advancement within the industry.
- Therapeutic support surface market share analysis of the key companies within the industry and coverage of strategies such as mergers & acquisitions, joint ventures, collaborations or partnership and others.
Explore Fact.MR’s Coverage on the Healthcare Domain –
Medical Beds Market- Over the last few years, the prevalence of the elderly population has risen, resulting in an increase in hospitalizations. Increasing medical emergencies have prompted healthcare providers to be prepared with equipment in order to meet emergency needs. Medical products such as fully-automated beds are being purchased by hospitals and ambulatory surgical centers (ASCs) to ensure patient safety and comfort. The global market for hospital beds is fiercely competitive, with numerous vendors operating across the globe. The regional and international players have a large geographic footprint and a strong market presence.
Bedside Monitors Market- A bedside monitor is a digital gadget used in healthcare to monitor, record, and track physiological changes. The devices are wired to the patient’s body and deliver an electronic signal to the monitor. Advanced technology has boosted the market for bedside monitors, such as the Internet of Things, which has made it easier for physicians to monitor patients in a home care setting. In the near future, manufacturers focusing on producing bedside monitors capable of monitoring and directing all needed parameters with greater working value will continue to see higher market capitalization.
Specialty Medical Chairs Market- Over the projected period, the expanding geriatric population is expected to increase demand for specialty medical chairs. Furthermore, the advent of technologically improved and fully automated medical chairs is expected to provide attractive growth possibilities for the market. Patients with end-stage renal disease (ESRD) should receive the same level of care and treatment at home as they do in hospitals, according to ESRD legislation, encouraging product usage in homecare. These factors are projected to contribute to the market’s growth in the coming years
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Source: Fact.MR