|
Forecast
Period
|
2025-2029
|
|
Market
Size (2023)
|
USD
834.61 million
|
|
CAGR
(2024-2030)
|
7.99%
|
|
Fastest
Growing Segment
|
ICU
Beds
|
|
Largest
Market
|
North
India
|
Market Overview
India Hospital Beds Market has reached reach USD
834.61 million by 2023 and is anticipated to project robust growth in the
forecast period with a CAGR of 7.99% through 2030. One of the primary drivers
of the hospital beds market in India is the increasing prevalence of chronic
diseases. Conditions like heart disease, diabetes, and cancer necessitate
long-term patient care, often requiring hospital stays. This not only increases
the demand for hospital beds but also highlights the importance of having
adequate and well-equipped healthcare facilities.
Additionally, India's aging population is another
significant factor contributing to market growth. As the elderly population
increases, so does the need for healthcare services, including hospital stays.
According to the UN Population Fund, the number of elderly people in India is
expected to reach 173 million by 2026, illustrating the potential for increased
demand for hospital beds. Providing comfortable and specialized care for the
elderly becomes crucial in this context.
Furthermore, the emergence of smart beds and beds
with advanced features such as electric adjustability, side rails, and in-built
pressure relief mattresses is another trend shaping the future of India's
hospital beds market. These advancements not only enhance patient comfort but
also improve the overall quality of care. Healthcare providers are increasingly
investing in these advanced beds to ensure better patient outcomes and
satisfaction.
In conclusion, the combination of increasing
prevalence of chronic diseases, the growth of the aging population, and the
adoption of advanced technologies in hospital beds are all driving the demand
and shaping the future of India's hospital beds market. It is crucial for
healthcare providers and industry stakeholders to stay updated with these
trends and adapt to meet the evolving needs of patients and caregivers.
Key Market Drivers
Rise in Healthcare Expenditure
The government's increasing focus on improving the
healthcare infrastructure has led to a surge in healthcare budgets. This
increase in funding has enabled hospitals to invest in more advanced and
comfortable hospital beds, thereby driving the market growth.
Currently, there is a considerable gap between the
number of hospital beds available in the country and the number required. India
needs an additional 2.4 million hospital beds to reach the recommended ratio.
The rising healthcare expenditure is expected to help bridge this gap,
contributing to the growth of the hospital beds market.
Moreover, the demand for hospital beds is not only
driven by the need to meet the current ratio but also by the increasing
complexity of medical procedures and the growing elderly population. With
advancements in medical technology and an aging population, there is a greater
need for specialized hospital beds that cater to specific medical conditions
and provide enhanced comfort and care.
The medical furniture market, which includes
hospital beds, is a growing segment of India's healthcare industry. The rise in
healthcare expenditure has resulted in increased investment in medical
furniture, leading to market growth. Hospitals and healthcare facilities are
now prioritizing the procurement of high-quality, durable, and technologically
advanced hospital beds to meet the evolving needs of patients and healthcare
providers.
Development in Healthcare Infrastructure
In recent years, India has made significant strides
in expanding its healthcare infrastructure. The government has launched
initiatives like the Pradhan Mantri Swasthya Suraksha Yojana (PMSSY), a
comprehensive healthcare program aimed at correcting regional imbalances in the
availability of reliable and affordable tertiary healthcare services. This
initiative has been instrumental in not only establishing new hospitals but
also upgrading existing ones, ensuring that the healthcare needs of the
population are met.
Furthermore, private sector investment in
healthcare infrastructure has been robust, with private hospitals emerging as
key players in the industry. These hospitals are not only increasing in number
but also becoming more advanced, equipped with state-of-the-art facilities and
cutting-edge medical technologies. This advancement in private healthcare
facilities has created a demand for high-quality beds, contributing to the
growth of the hospital beds market.
Moreover, the rapid urbanization in India has led
to the growth of cities and towns, resulting in an increased population density
in urban areas. This urban growth has necessitated the development of adequate
healthcare infrastructure to cater to the healthcare needs of the expanding
population. As a consequence, there is a growing demand for hospital beds in
urban areas, further driving the growth of the hospital beds market.
The combination of government initiatives, private
sector investments, and urbanization trends has created a favorable environment
for the expansion of India's healthcare infrastructure and the growth of the
hospital beds market. This presents a significant opportunity for the
healthcare industry to meet the increasing demand for quality healthcare
services and contribute to the overall well-being of the population.
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Key Market Challenges
High Maintenance and Operating Costs
Hospital beds are a significant investment for any
healthcare facility. They are not just about providing a place for the patient
to rest; they are also crucial for patient care and recovery. Modern hospital
beds come equipped with advanced features such as electric adjustability, side
rails, and built-in pressure relief mattresses. These features not only enhance
patient comfort but also contribute to the overall well-being and safety of the
patients during their stay.
Moreover, the initial purchase cost is just one
part of the equation. Hospital beds require regular maintenance to ensure they
function properly and remain in optimal condition. This includes routine
inspections, repairs, and timely replacement of parts. By investing in proper
maintenance, healthcare facilities can prolong the lifespan of the beds and
minimize the risk of malfunctions or breakdowns, ultimately leading to better
patient outcomes
Additionally, operating these beds requires trained
staff who can operate and manage the various features and functionalities
effectively. This adds to the overall operational costs of healthcare
facilities. However, it is essential to have well-trained staff to ensure the
proper utilization and benefit of these advanced hospital beds.
It is worth noting that healthcare facilities,
especially public hospitals, often operate under tight budget constraints. The
high cost of purchasing, maintaining, and operating hospital beds can be a
significant financial burden. This challenge is particularly acute in India,
where healthcare spending per capita is relatively low compared to other
countries. Finding innovative solutions and exploring cost-effective
alternatives while maintaining the quality of patient care becomes crucial in
such situations.
In conclusion, hospital beds play a vital role in
healthcare facilities, not only providing a resting place for patients but also
contributing to their care and recovery. However, the costs associated with
purchasing, maintaining, and operating these beds present financial challenges
for healthcare facilities, particularly in countries with limited healthcare
resources. Finding sustainable solutions to address these challenges is
essential to ensure optimal patient care while managing costs effectively.
Key Market Trends
Increasing Focus on Patient Comfort and Safety
The concept of patient-centric care, which places
the patient's needs and comfort at the center of healthcare delivery, is
gaining immense popularity in India. This approach recognizes the importance of
tailoring healthcare services to individual patients, ensuring their well-being
and satisfaction.
As part of this patient-centric approach, hospitals
in India are increasingly focusing on enhancing the quality and features of the
beds provided to patients. Recognizing that a comfortable and safe bed is
crucial for patient recovery and overall experience, hospitals are investing in
technologically advanced hospital beds.
These advanced hospital beds are designed to
prioritize patient comfort and safety. They come equipped with a range of
features, including adjustable heights, tilting capabilities, and built-in
pressure relief mattresses. Some even incorporate smart technology, enabling
healthcare providers to remotely monitor patients' vital signs and ensure
timely intervention.
This trend towards patient-centric care and
advanced hospital beds is not only driven by the healthcare sector but also
supported by both the government and the private sector. The government's
initiatives to improve healthcare infrastructure and services have resulted in
increased investment in state-of-the-art hospital beds. Simultaneously, private
hospitals, in their commitment to delivering superior patient care, are actively
investing in high-quality beds that promote a healing and comfortable
environment.
Segmental Insights
Product Type Insights
Based on the category of product type, the general
beds segment emerged as the dominant player in the Indian market for hospital beds
in 2023. General beds, also known as standard or manual beds, are typically
more affordable compared to specialized beds such as ICU beds, birthing beds,
and respiratory beds. This cost advantage makes general beds a practical choice
for a larger number of hospitals, particularly those operating under tight
budget constraints.
With their versatility, general beds can
accommodate a wide range of patients, offering a flexible solution that caters
to diverse needs. This adaptability further enhances their appeal to hospitals
seeking a cost-effective and efficient option. It is worth noting that smaller
hospitals, particularly those with up to 100 beds, dominate the market in
India, especially in rural and suburban areas. These hospitals often opt for
general beds due to their affordability and versatility, ensuring that they can
provide quality care to their patients while managing their resources
effectively.
Technology Insights
The electrical segment is projected to experience
rapid growth during the forecast period. With the continuous progress of
technology, remarkable advancements have been made in the field of healthcare,
leading to the creation of cutting-edge electric hospital beds. These beds are
equipped with a multitude of features that ensure optimal patient comfort,
including adjustable heights to cater to individual needs, tilting capabilities
for easier positioning, and built-in pressure relief mattresses that alleviate
the risk of bedsores. Such innovative features not only enhance the overall
patient experience but also contribute to the delivery of superior patient
care.
As India experiences rapid economic growth, there
has been a significant increase in healthcare expenditure and the development
of healthcare infrastructure. In line with the objective of offering improved
healthcare services, healthcare providers have been investing in advanced
equipment, including electric hospital beds. Recognizing the impact of these
beds on patient comfort and care, the adoption of such state-of-the-art
technology has witnessed a substantial rise, ensuring that patients receive the
highest quality of care possible.
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Regional Insights
North India emerged as the dominant player in the India
Hospital Beds Market in 2023, holding the largest market share in terms of both
value and volume. North India, a region known for its vibrant culture and
diverse landscapes, is home to some of the most populous states in the country,
including Uttar Pradesh, Bihar, and Rajasthan. With a significant population
density, the demand for healthcare services is naturally higher in this region.
The need for hospital beds is particularly prominent, as the growing population
seeks access to quality healthcare.
Fortunately, North India boasts a robust healthcare
infrastructure with a substantial number of both public and private hospitals.
This ensures that residents have access to a wide range of medical facilities
and services. Among these, the Delhi National Capital Region (NCR) stands out,
offering exceptional opportunities for revenue generation per bed. This is
primarily due to the significant supply-demand mismatch in the country, making
Delhi NCR a highly sought-after destination for healthcare services.
Recent Developments
- In 2022, Dozee, an Indian connected health device
maker, has formed a strategic partnership with Midmark India, renowned for
being one of the largest hospital bed manufacturers in South Asia. Together,
they are set to unveil an innovative connected bed platform specifically
designed for non-ICU settings. This groundbreaking collaboration aims to
revolutionize the healthcare industry by seamlessly integrating advanced
technology into patient care, enhancing monitoring capabilities, and ultimately
improving overall healthcare outcomes.
Key Market Players
- 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.
|
By Product
Type
|
By Technology
|
By
Application
|
By Treatment
|
By Sector
|
By Region
|
- General Beds
- Pediatric
Beds
- Birthing
Beds
- Respiratory
Beds
- ICU Beds
- Bariatric
Beds
- Others
|
- Electrical
- Semi-Electric
- Mechanical
- Others
|
- Intensive
Care
- Non-Intensive
Care
|
- Acute Care
- Long-term
Care
- Critical
Care
- Others
|
|
- North India
- East India
- West India
- South India
|
Report Scope:
In this report, the India Hospital Beds Market has
been segmented into the following categories, in addition to the industry
trends which have also been detailed below:
- India Hospital Beds Market, By Product Type:
o General Beds
o Pediatric Beds
o Birthing Beds
o Respiratory Beds
o ICU Beds
o Bariatric Beds
o Others
- India Hospital Beds Market, By Technology:
o Electrical
o Semi-Electric
o Mechanical
o Others
- India Hospital Beds Market, By Application:
o Intensive Care
o Non-Intensive Care
- India Hospital Beds Market, By Treatment:
o Acute Care
o Long-term Care
o Critical Care
o Others
- India Hospital Beds Market, By Sector:
o Private
o Public
- India Hospital Beds Market, By Region:
o North India
o East India
o West India
o South India
Competitive Landscape
Company Profiles: Detailed analysis of the major companies present in the India Hospital
Beds Market.
Available Customizations:
India Hospital Beds Marketreport with the given
market data, Tech Sci Research offers customizations according to a company's
specific needs. The following customization options are available for the
report:
Company Information
- Detailed analysis and profiling of additional
market players (up to five).
India Hospital Beds Market is an upcoming report to
be released soon. If you wish an early delivery of this report or want to
confirm the date of release, please contact us at [email protected]