Vietnam Hospital Beds Market to Grow Due to Technological Advancement until 2026
Advancing healthcare industry is driving
the growth of Vietnam Hospital Beds Market, in the forecast period, 2022-2026.
According to TechSci report on, “Vietnam Hospital Beds Market By Type (Electric
Beds, Semi-Electric Beds, Manual Beds) By Usage (Acute Care Beds, Psychiatric
Care Beds, Long-Term Care Beds, Others) By Application (Intensive Care v/s
Non-Intensive Care) By End User (Hospitals, Home Care Settings, Elderly Care
Settings, Others) By Region, Competition Forecast & Opportunities, 2026”, Vietnam
hospital beds market has shown
promising growth in historical years until 2019 and is expected to continue its
growth in upcoming forecast years 2021 to 2026. Vietnam hospital beds market
owes its growth to the factors like government aid toward provision of
technologically advanced hospital beds. Moreover, the surge in the demand for
the hospital beds in the private hospitals is further driving the growth of the
Vietnam hospital beds market in the upcoming five years. Research and
technological advancement such that the hospital beds are fitted with monitors,
devices to facilitate the movement of the patient for inclined rest as well as
sitting positions, etc. is also inclining the demands and thereby supporting
the growth of the Vietnam hospital beds market in the next five years.
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The
Vietnam hospital beds market is segmented by type, usage, application, end
user, competitional landscape, and regional distribution. Based on usage, the
market is further fragmented into acute care beds, psychiatric care beds,
long-term care beds, and others. Acute care beds are anticipated to hold the
largest revenue shares of the market and dominate the market segment on the
backbone of rapidly increasing number of chronic and communicable diseases in
the next five years. Moreover, the number of accidents and road accidents are
increasing at an alarming rate and is anticipated to surge the demand for the
acute care beds and thus support the growth of the Vietnam hospital beds market
in the upcoming five years. Long-term beds are anticipated to hold significant
revenue shares of the market and show substantial growth in the upcoming five
years due to rising number of chronic diseases and patient that require bed
rest for long period of time. Moreover, the surging number of homecare setting
is also driving the growth of the Vietnam hospital beds market in the next five
years.
Based
on type, the market is further bifurcated into electric beds, semi-electric
beds, and manual beds. Manual beds are anticipated to hold the largest revenue
shares of the market and assert its dominance over the market in the upcoming
five years on the account of rising demands from the increasing number of
patients suffering from COVID-19. The demand is also rising from the increasing
number of various healthcare centers, clinics, and temporary settlements to
provide patient care. Electric-beds are expected to register fastest growing
CAGR in the next five years on the backbone of surging demands for the same in
the private hospitals. Rising disposable income is also influencing the growth
of the Vietnam hospital beds market. Technological advancements in the hospital
beds are also actively supporting the growth of the Vietnam hospital beds
market in the future five years of forecast until 2026.
A
partial list of market player in the Vietnam hospital beds market includes
Curex Mediwell Vietnam, Bao Anh Medical Equipment Joint Stock Company, Platz
Vietnam Co., Ltd., Stryker Corporation Vietnam, Paramount Bed Vietnam Co.,
Ltd., Armephaco Joint Stock Company, among others. These market players hold
larger shares of the market than the new market players. With the evolving
technology, it is appropriate to say that the effective research and
development of the technologically advanced hospital beds and methods to
satisfy consumer demands would support the market growth and benefit the market
players as well as the consumers. New market players may focus on the research
and development to provide such infrastructure and services that satisfies the
consumer demand as well as benefits the market players in building their brand
value. Other competitive strategies include mergers & acquisitions and new
product developments.
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“Vietnam
healthcare sector growing in the recent yeas and the services are effectively
aiding the patients in the country as well as the patient visiting the country
for medical tourism. Additionally, the government is actively working to
improve the healthcare facility for the patient in the provincial hospitals
with methods like skill trainings, and doctor rotation programs along with the
provision of world-class amenities like hospital beds, etc. Infrastructure
upgrades, reimbursement facilities and liberation of rules regarding private
investment in healthcare facilities is further driving the growth of the
healthcare sector and thus supporting the growth of the Vietnam hospitals
market in the upcoming five years. New market players entering the market must
focus on the investment in research and development for the hospital amenities,
medical devices, etc. Availability of the technologically advanced hospital
beds would support their future brand establishment,” said Mr. Karan Chechi,
Research Director with TechSci Research, a research based global management
consulting firm.
“Vietnam
Hospital Beds Market By Type (Electric Beds, Semi-Electric Beds, Manual Beds) By
Usage (Acute Care Beds, Psychiatric Care Beds, Long-Term Care Beds, Others) By
Application (Intensive Care v/s Non-Intensive Care) By End User (Hospitals,
Home Care Settings, Elderly Care Settings, Others) By Region, Competition
Forecast & Opportunities, 2026”
has evaluated the future growth potential of Vietnam 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 Vietnam hospital beds market.
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