India Mobile Hospital Market to Establish Growth with Impressive CAGR Until FY2027
India Mobile Hospital Market is expected to show robust
growth due to increasing cases of heart attacks & strokes in the forecast
period, FY2017-FY2027.
According to TechSci report on, “India Mobile
Hospital Market, By Region, Competition
Forecast & Opportunities, FY2017 - FY2027”, India mobile hospital market
has shown promising growth in historical years until FY2020 and is expected to
continue its growth in upcoming forecast years FY2023 to FY2027. India mobile
hospital market owes its growth to the factors like rapidly increasing
geriatric population of the country.
Geriatric population is
more susceptible to cardiovascular diseases like coronary heart
disease, congenital heart disease, etc. and with weak immune system their
capability to recover also diminishes thereby creating surge in the demands for
mobile hospitals along with their services and driving the growth of the India mobile
hospital market in the upcoming five years.
Increasing instances of
lifestyle diseases and infectious diseases like COVID-19 among the population
leading sedentary lifestyle is further supporting the growth of the India mobile
hospital market in the next five years. Rapidly increasing
number of surgeries and demand for effective treatment is further
substantiating the growth of the India mobile hospital market in the future
five years.
Moreover, factors like
consistent research and technological advancement in the innovative product
development of mobile hospitals such that advanced medical devices, equipment,
tools are all available and functional to provide excellent patient care are
further anticipated to support further growth of India mobile hospital market
in the forecast period.
Also, increasing
instances of diabetes and obesity are also responsible for the increasing cases
of cardiac arrest and thus substantiate the growth of the India mobile hospital
market in the future five years. Rapidly increasing instances of road
accidents, along with increasing demand for consultation for physical and
mental health is also supporting the growth of the India mobile hospital market
in the forecast years, until FY2027.
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The India mobile hospital market segmentation is based on function, bed
capacity, application, competitional landscape, and regional distribution.
Based on function, the market is further fragmented into observation,
therapy/treatment, consultation, and others. Observation sub-segment is
anticipated to hold the largest revenue shares of the market and dominate the
market segment in the upcoming five years due to increasing demand for reducing
patient burden from the hospitals and clinics.
Also, increasing demand for the outpatient services and post-op medical
attentions are easily available in mobile hospitals and thus drive the growth
of the India mobile hospitals market in the next five years. Therapy/treatment
sub-segment may register significant growth in the future five years on the
account of increasing demand for the emergency treatments for various diseases.
Also, increasing therapeutic treatment for the diseases like cancer,
neurological diseases, orthopedic therapy, etc. is also supporting the growth
of the India mobile hospital market in the forecast years.
The market segmentation based application, is bifurcated into
cardiovascular, neurosurgery, laparoscopy surgery, emergency care, diagnostic
imaging, and others. Cardiovascular applications are anticipated to hold the
largest revenue shares of the market and dominate the market segment in the
upcoming five years on the account of increasing instances of cardiovascular
diseases among the population. Rapidly increasing demand for the emergency
attention to the cardiac arrest patients and patients suffering from or at a
risk of other cardiovascular diseases is further aiding the growth of the India
mobile hospital market in the forecast period.
A partial list of market players in the field includes:
·
Mobile Hospital Designers & Developers India
Pvt. Ltd.
·
Jesai Healthcare (India) Pvt. Ltd.
·
Modulus Housing
·
BAE Systems
·
Integrity Medical Solutions
·
Sarvottam Appliances Private Limited
·
Azael Manufacturing Pvt. Ltd.
·
Bafna Healthcare Private Limited
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“Indian healthcare industry is rapidly growing. India mobile
hospital market is anticipated grow along with the growing healthcare services
demands. Mobile hospitals were earlier used for army welfare to provide them
with the excellent healthcare services during their warfare, etc. The concept
of mobile hospital is now further commercialized by government for increasing
situations where emergency services demand is further increasing and existing
hospitals and clinics are not sufficient to manage such high patient count, and
thus drives the growth of the India mobile hospital market in the future five
years. New market players entering the market in the future may invest in
extended research and innovative product development for their brand
establishment. Partnerships and conjugation with the global giants dominating
the market may support future market growth,” said Mr. Karan Chechi, Research
Director with TechSci Research, a research based global management consulting
firm.
“India Mobile Hospital
Market By Function (Observation, Therapy/Treatment, Consultation, Others), By
Bed Capacity (Less than 20 Beds, 20-30 Beds, up to 50 Beds), By Application
(Cardiovascular, Neurosurgery, Laparoscopy Surgery, Emergency Care, Diagnostic
Imaging, Others), By Region, Competition Forecast & Opportunities, FY2027” has evaluated the
future growth potential of India mobile hospital 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 mobile hospital market.
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