India Hospital Beds Market to Grow with a CAGR of 7.99% through 2030
Growth in research and development activities is expected to drive the India
Hospital Beds Market growth in the forecast period, 2025-2030.
According to TechSci Research report, “India Hospital
Beds Market- By Region, Competition, Forecast and Opportunities,
2018-2030”, the India Hospital Beds Market stood at USD 834.61 million in 2023
and is anticipated to grow with a CAGR of 7.99% in the forecast period, 2025-2030.
Initiatives taken by government based on hospital beds has led to favorable
market conditions for the India Hospital Beds Market. Several factors
contribute to the growth of various Hospital Beds products.
In 2019, recognizing the importance of emergency care,
the Indian government took a significant step by making it mandatory for all
medical facilities to allocate a specific percentage hospital of total hospital
beds exclusively for emergency departments. This proactive measure aimed to
ensure prompt and efficient care for patients in critical situations.
Fast forward to the COVID-19 pandemic, the Indian
health system faced unprecedented challenges, including human resource
shortages. However, in the face of adversity, the system responded with remarkable
innovation. Health authorities implemented creative strategies to optimize the
utilization and management of hospital beds, ensuring that even amidst the
crisis, patients received the care they needed.
Browse over 51 market data Figures spread through 152
Pages and an in-depth TOC on "India Hospital Beds Market”
The introduction of innovative furniture, including
advanced hospital beds, has been another crucial factor fueling the growth of
the market. Extensive research and development initiatives have led to the
development of smart beds equipped with cutting-edge features like adjustable
height, side rails, and electronic buttons. These smart beds not only provide
unparalleled comfort to patients but also allow them to conveniently operate
both the bed and other nearby electronic devices. These technological
advancements have had a significant impact on improving patient comfort and
overall quality of care, ultimately driving the growth of the market.
The India Hospital Beds Market is segmented into product
type, technology, application, treatment, sector, regional distribution, and
company.
Based on its product type, the general beds segment held
the largest market share in the forecast period. India's high population
density, coupled with the necessity for healthcare accessibility across diverse
geographical regions, significantly contributes to the demand for general beds.
As a result, the vast majority of India's population, particularly in rural
areas, faces the challenge of limited access to advanced healthcare facilities.
In these underserved regions, where specialized medical resources are scarce,
general beds emerge as the most practical and feasible option to cater to the
healthcare needs of the local communities. By providing a versatile and
adaptable solution, general beds play a crucial role in bridging the gap and
ensuring that essential healthcare services reach those who need them the most.
Based on region, West India segment is expected to
grow during the forecast period.
Economic prosperity in West India, fueled by
industrialization and robust economic development, has led to a significant
rise in healthcare spending. As a result, hospitals in these economically prosperous
regions are increasingly investing in state-of-the-art medical equipment,
including advanced hospital beds designed to provide enhanced comfort and care
to patients. This not only reflects the commitment of these hospitals to
deliver high-quality healthcare services but also highlights the positive
impact of economic growth on the healthcare sector in West India.
Major companies operating in India Hospital Beds
Market are:
- Arjohuntleigh Healthcare India Private Ltd.
- Stryker India Pvt. Ltd.
- Midmark India Pvt. Ltd.
- Paramount Bed India Pvt. Ltd.
- Godrej Interio
- Hill Rom India Private Ltd. (Baxter International Inc)
- Gita Mediquip Pvt. Ltd.
- Surgical Mall Of India Private Limited
- Gentek Medical
- GPC Medical Ltd.
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“Growing application of hospital beds in various end
user industries are key drivers of the hospital beds market. Growth in
competitive landscape and presence of well-established companies in the market
who are dedicated to enhance their productivity of hospital beds with every
passing year are anticipated to register an impressive growth to India Hospital
beds Market in the forecast period.,” said Mr. Karan Chechi, Research Director
with TechSci Research, a research-based management consulting firm.
“India Hospital beds Market By Product Type (General
Beds, Pediatric Beds, Birthing Beds, Respiratory Beds, ICU Beds, Bariatric
Beds, Others), By Technology (Electrical, Semi-Electric, Mechanical, Others),
By Application (Intensive Care, Non-Intensive Care), By Treatment (Acute Care,
Long-term Care, Critical Care, Others), By Sector (Private, Public), By
Region, By Competition Forecast & Opportunities, 2018-2030”, has evaluated
the future growth potential of India Hospital Beds Market and provides
statistics & information on market size, structure, and future market
growth. The report intends to provide cutting-edge market intelligence and help
decision makers take sound investment decisions. Besides, the report also
identifies and analyzes the emerging trends along with essential drivers,
challenges, and opportunities in India Hospital Beds Market.
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