According to FutureWise analysis the market for therapeutic bed in 2023 is US$ 4.63 billion, and is expected to reach US$ 7.01 billion by 2031 at a CAGR of 5.30%.
The therapeutic beds market has increased significantly as a result of the COVID-19 outbreak and increased hospital admissions. Beginning in March 2020, the increase in COVID-19 patients had a significant impact on hospitals. Furthermore, the transition from standard beds to specialty COVID-19 beds with additional hygiene measures, as well as pressure on the number of beds, which stemmed primarily from the need to anticipate adequate capacity in the ICU, have all contributed to market growth. As a result, sales of therapeutic beds increased significantly during the pandemic. According to the FDA, there will be a high demand for mattresses, hospital beds, and stretchers in October 2020 to increase capacity in healthcare systems and local hospitals through temporary expansion sites.
FutureWise Market Research has instantiated a report that provides an intricate analysis of Therapeutic Bed Market trends that shall affect the overall market growth. Furthermore, it includes detailed information on the graph of profitability, SWOT analysis, market share and regional proliferation of this business. Moreover, the report offers insights on the current stature of prominent market players in the competitive landscape analysis of this market.
According to the research study conducted by FutureWise research analysts, the Therapeutic Bed Market is anticipated to attain substantial growth by the end of the forecast period. The report explains that this business is predicted to register a noteworthy growth rate over the forecast period. This report provides crucial information pertaining to the total valuation that is presently held by this industry and it also lists the segmentation of the market along with the growth opportunities present across this business vertical.