Venture Capital
Andrea Alms Video: Money In Motion 52 - The Medical Bed Market
April 2023 - Venture Capital
TRANSCRIPT
Hello, my name is Andrea Alms and I am technology investor and financial manager and this is your money in motion. I was asked about the futuristic medical pod beds which apparently falls into the medical bed market. What is it? Increasing demand and funding for health care infrastructure is resulting in the development of well-equipped, well furnished advanced infrastructures in hospitals, namely the increasing geriatric population.
And psychiatric population is driving the medical bed expansion. For example, medical co beds include a variety like acute care, medical surgery, pediatric ICU birthing and other medical bed product types. According to this report, medical bed market was about 17.6 billion U.S. dollars in 2019 and projected to grow to 30.5 billion at a compound average growth rate of 8.3%.
Data Bridge market research reports The global medical bed market was valued at 3.28 billion in 2021 and estimated to reach 5.27 billion by 2029 at a compound average growth rate of 6.1% between 2022 and 2029. This report cites 3.07 billion in 2022 and is projected to hit around 4.96 billion by 2030, growing at 6.19%, averaging the best guess market size 8 billion at a 6.5% growth rate.
Billion dollar market, single digit grow with a strong demand. Let's keep an eye on it. Thank you. This is your money, your money, in motion.