India Hospital Beds Market to Grow at a Formidable Rate During Forecast Period
Improving
healthcare infrastructure and rise in population suffering from various health
ailments to drive the growth of India
hospital beds market
According
to TechSci Research report, “India Hospital Beds Market By Product Type
(Regular Beds, Pediatrics Bed, Respiratory Beds, ICU Beds, Bariatric Beds,
Bathing Beds, Homecare Beds, Pressure Relief Beds, Others), By Technology
(Electrical, Semi-Electric, Automatic, Manual), By Type of Care (Rehabilitation
v/s Curative), By Application (Intensive Care v/s Non-Intensive Care), By
Treatment (Acute Care, Long-term Care, Critical Care, Others), By Sector
(Private, Public), By End User (Home Care Settings, Elderly Home, Ambulatory
Settings, Others), By Region, Forecast & Opportunities, 2025”, the India hospital beds market is expected to grow at a formidable
rate during the forecast period on account of increasing geriatric population
suffering from various chronic diseases such as cancer, diabetes, cardiovascular
diseases, hypertension, renal disorders, among others, in the country. This has
drastically increased the patient pool and rate of hospitalization. This is
expected to positively influence the market growth through 2025. Additionally,
rising health awareness with increasing healthcare spending is further expected
to propel the market during forecast years. Furthermore, growing trend of
homecare settings is expected to create lucrative opportunities for major
players operating in the market. Besides, increasing R&D investments,
technological advancements and new product launches by the major players
operating in the market is further expected to foster the market through 2025.
However, high costs of production and selling might hamper the market growth
during the forecast period. Additionally, most of the Indian market relies upon
foreign imports, which is anticipated to negatively impact the market growth.
Moreover, associated complications such as mechanical abrasions and bed sores might
further pose a challenge to the market growth during forecast period. Also,
declining number of hospital beds in public hospitals might impede the market
growth.
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The India hospital beds market is segmented based on product type,
technology, type of care, application, treatment, sector, end user, company and
region. Based on product type, the market can be fragmented into regular beds,
pediatrics bed, respiratory beds, ICU beds, bariatric beds, bathing beds,
homecare beds, pressure relief beds and others. The
ICU beds segment is expected to dominate the market during forecast period.
This can be ascribed to the technological advancements & innovations in the
ICU beds segment such as improved patient repositioning support, electrical
retraction, lateral rotation feature, among others. This in turn increases
compliance and comfort for the patient, thereby driving the segmental growth. Based on technology, the market can be categorized
into electrical, semi-electric, automatic and manual. The manual segment holds
a significant share in the market since these are the most conventional forms
of bed used in hospitals, clinics, nursing homes, among others. Additionally,
they require very less or no maintenance. The electric beds segment is expected
register the highest growth during forecast years owing to the growing
prevalence of obesity in the country, which in turn has increased the need for
bariatric care. Additionally, these beds provide enhanced mobility and even to the
disabled patients. Based on application, the market can be bifurcated into
intensive care and non-intensive care. The intensive care segment is expected
to dominate the market owing to the increasing bed occupancy rate and higher
patient wait time. The non-intensive care segment is also expected to grow significantly
on account of the increasing incidences of hospital acquired pneumonia and
other hospital acquired infections. Based on treatment, the market can be
grouped into acute care, long-term care, critical care and others. The acute
care segment is expected to dominate the market until 2025 owing to the
widespread applications of acute care beds in curing illness, providing treatment
for injuries, among others. Furthermore, increasing geriatric population
susceptible to various chronic and infectious diseases is further expected to
drive the growth of segment across the country. The long term care is also
expected to grow on account of the increasing patient population requiring long
term care. Based on end user, the market can be segmented into home care
settings, elderly home, ambulatory settings and others. The home care setting
is expected to dominate the market through 2025. This can be attributed to the
associated benefits such as increased affordability, convenience and effective
patient care. Additionally, supportive government policies focusing on reducing
the duration of hospital stays is anticipated to positively impact the
segmental growth over next few years.
Midmark India, ArjoHuntleigh Holdings, Paramount Bed Co., Ltd, Godrej,
VISCO, Mediline Industries, Meditek, Bharat Surgicals, Geeta Surgicals,
Stryker, Hill Rom, Invacare Corporation, Savaria Corporation, Medilite, Ankit Polyweave Industry
Company, Gita Mediquip Pvt. Ltd., Kay & Company, PMT Healthcare Pvt. Ltd.,
GPC Medical Ltd., Surgitech and others are some of the leading players
operating in India hospital beds market. The companies operating in the market
are using organic strategies such as product launches, mergers and
collaborations to boost their share.
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“India hospital beds market is expected
to witness significant growth during the forecast period on account of the increasing
healthcare expenditure by the government and major players for improving the
healthcare infrastructure in the country. Moreover, expansion of private healthcare
institutions especially in the rural areas is further expected to create
lucrative opportunities for the market growth over next few years. Besides, the
sudden outbreak of pandemic COVID-19 is fueling the demand for hospital beds
and across various regions in the country,” said Mr. Karan
Chechi, Research Director with TechSci Research, a research based India
management consulting firm.
“India Hospital Beds Market By Product Type (Regular
Beds, Pediatrics Bed, Respiratory Beds, ICU Beds, Bariatric Beds, Bathing Beds,
Homecare Beds, Pressure Relief Beds, Others), By Technology (Electrical,
Semi-Electric, Automatic, Manual), By Type of Care (Rehabilitation v/s
Curative), By Application (Intensive Care v/s Non-Intensive Care), By Treatment
(Acute Care, Long-term Care, Critical Care, Others), By Sector (Private,
Public), By End User (Home Care Settings, Elderly Home, Ambulatory Settings,
Others), By Region, Forecast & Opportunities, 2025”, 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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