Malaysia hospital beds market
are anticipated to show a robust growth in the upcoming five years, 2024-2028.
The major factors include increasing prevalence of chronic diseases, growing
geriatric population, the increase in the incidence of road accidents, the
increment in rate of hospitalization, the rise in surgical operations, the
technological development for boosting the growth of the market.
Furthermore, the Malaysia
hospital beds market is primarily driven by an increase in the number of
hospitals and healthcare facilities, as well as the country's aging population.
In addition, the Malaysian government's focus on developing its healthcare
industry has led to increased investment in healthcare infrastructure,
including the construction of new hospitals and the upgrading of existing ones.
A hospital bed is a bed
specially designed for hospitalizing the patients or for the patients in need
of some form of medical treatment and hospital environment. These beds are
designed to meet all the needs of the hospital environment. These beds are
technically upgraded into automatic beds called as smart beds. Hospital beds
have movable wheels, and some inclination features as compared to ordinary
beds. Hospital beds can be raised and lowered at the head, feet and their
entire height can be adjusted according to the patients comfort to carry out
different procedures and treatments on the patients. The Malaysia hospital beds
market is segmented into three types: general beds, pediatric beds, and
critical care beds. General beds are the most commonly used type of hospital
bed, accounting for the majority of the market share. These beds are used for
patients who require short-term hospitalization, such as those undergoing
surgery or recovering from an illness. Pediatric beds are designed specifically
for children and are used in pediatric wards and neonatal intensive care units
(NICUs). These beds are smaller and have safety features such as side rails and
alarms to ensure the safety of young patients. Critical care beds are used for
patients who require intensive care, such as those who have undergone major
surgery or have a life-threatening condition. These beds are equipped with
advanced features such as electronic controls, built-in scales, and pressure
sensors to monitor the patient's vital signs. Therefore, propels the growth of
the Malaysia Hospital Beds Market.
Rise in chronic diseases
The prevalence in number of
chronic diseases like cardiovascular diseases, surgeries, trauma, and injuries
either caused due to road accidents or any other accidental or non-accidental
reasons results in requirement of large number of beds in hospital to support
for treatment of patients. According to World Health Organization (WHO), every
age group of people is at risk of chronic diseases The most common cause of
global death is ischemic heart attack, stroke, obstructive pulmonary disease
(COPD) and lower respiratory infections. For instance, according to WHO
statistics, cancer is the leading cause of death accounts for nearly 10 million
deaths in 2020. The patients with long term chronic illness, are in direct
need of hospital beds and specialty beds that provides various kind of relief
to the patient as well as the care giver, as they support the patient’s posture
and stature. Therefore, driving the growth of the Malaysia Hospital Beds
Market. Another driving factor of the Malaysia hospital beds market is the
growing prevalence of chronic diseases. Non-communicable diseases (NCDs) such
as diabetes, cancer, and cardiovascular disease are becoming increasingly
common in Malaysia, and these conditions often require long-term
hospitalization. This has led to an increased demand for hospital beds,
particularly in critical care units. These driving factors are expected to
continue to fuel the growth of Malaysia hospital beds market.
Healthcare Awareness
A rise in multiple chronic
disease is due to unhealthy lifestyle like work stress, being sedentary and
unhealthy eating habits. According to Worldometer data, the current
population of Malaysia is 33,378,478 as of December 13, 2022, in which 76.0%
are dying due to Colorectal cancer, 61.6% are dying due to lower respiratory
infection, and 48.3% are dying because of chronic kidney diseases and so on.
People are getting aware for the environment of hospitals and their facilities.
Additionally, growth in number of hospital beds increase in access to
healthcare facilities and surge in healthcare expenditure. For
instance, Malaysia healthcare spending for 2019 was USD437, a 2.38% increase
from 2018. Moreover, rise in government initiatives to provide
advanced healthcare facilities propels the growth of the market. The Malaysian
government's focus on developing its healthcare industry is also a driving
factor of the hospital beds market. The government has invested heavily in
healthcare infrastructure, including the construction of new hospitals and the
upgrading of existing ones. This has increased the number of hospital beds
available in the country and improved the quality of healthcare services. Moreover,
medical tourism has emerged as a significant driver of the Malaysia hospital
beds market. The country has become a popular destination for medical tourism,
with patients from neighboring countries and beyond seeking treatment in
Malaysian hospitals. This has led to an increased demand for hospital beds,
particularly in private hospitals.
New Product launch &
Technology Advancement
The advancement in hospital
beds, product launch and product approvals contribute to the growth of Malaysia
hospital beds market. For instance, In February 2021, Stryker Corporation, one
of the world’s leading medical technology services providing company has
launched a completely modified wireless hospital bed named as ProCuity. The
ProCuity bed series was designed to help in reducing the patient
hospitalization in normal as well as in serious concern and improves the
efficiency of nurse workflow and safety. ProCuity also incorporates a special
connecting feature to nurses call system without the use of cables or wires.
Hence, shows a lucrative impact on the growth of Malaysia hospital beds market.
Technological advancements in hospital beds are also driving growth in the
Malaysia hospital beds market. Advanced hospital beds equipped with features
such as electronic controls, built-in scales, and pressure sensors are becoming
increasingly common, particularly in critical care units. These beds help to
improve patient outcomes and reduce the risk of complications, driving demand
for the Malaysia Hospital Beds Market.
One of the key recent
developments in the Malaysia hospital beds market is the increasing adoption of
digital technology in hospital beds. Digital hospital beds are equipped with
advanced features such as electronic controls, built-in scales, and pressure
sensors to monitor the patient's vital signs. These beds are becoming
increasingly common, particularly in critical care units. This technology has
helped to improve patient outcomes and reduce the risk of complications,
driving demand for digital hospital beds in the market. Additionally, a recent
development in the Malaysia hospital beds market is the shift towards more
environmentally friendly hospital beds. There is an increasing focus on
sustainability in the healthcare industry, and hospitals are looking for ways to
reduce their environmental footprint. In response to this, some manufacturers
are developing hospital beds made from sustainable materials and with
energy-efficient features for driving the growth of Malaysia Hospital Beds
Market.
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Market Segmentation
The Malaysia hospital beds
market is segmented by type, usage, application, end user, regional
distribution, and competitional landscape. Based on type, the market is further
segmented into electric beds, semi-electric beds, and manual beds. Based on
usage, the market is further segmented into Acute Care Beds, Psychiatric Care
Beds, Long-Term Care Beds, and Others. Based on application, the market is
further segmented into Intensive Care, and Non-intensive Care. Based on end
user, the market is further segmented into Hospitals, Home Care Settings,
Elderly Care Settings, and Others.
Market Players
LKL Advance Metaltech Sdn Bhd
(LKL International Berhad), Neolee Rehab Supply Sdn Bhd, Frago Impex Sdn. Bhd.,
Piyatech Sdn. Bhd., Stryker Corporation (Malaysia) Sdn Bhd, Victor Steel
Equipment Sdn Bhd., ProMed Marketing Sdn Bhd, Nazmed Sdn Bhd etc. are some of
the leading companies operating in the market.
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Attribute
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Details
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Base Year
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2022
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Historical Years
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2018 – 2022
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Estimated Year
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2023E
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Forecast Period
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2024F – 2028F
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Quantitative Units
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Revenue in USD Million, Volume in Units and CAGR for 2018-2022
and 2023E-2028F
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Report Coverage
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Revenue forecast, volume forecast, company share, competitive
landscape, growth factors, and trends
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Segments Covered
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Type
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Usage
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Application
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End User
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Region
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Region Scope
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East, West
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Key Companies Profiled
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LKL Advance Metaltech Sdn Bhd (LKL International Berhad),
Neolee Rehab Supply Sdn Bhd, Frago Impex Sdn. Bhd., Piyatech Sdn. Bhd.,
Stryker Corporation (Malaysia) Sdn Bhd, Victor Steel Equipment Sdn Bhd.,
ProMed Marketing Sdn Bhd, Nazmed Sdn Bhd.
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Customization Scope
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10% free report customization with purchase. Addition or
alteration to regional & segment scope.
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Pricing and Purchase Options
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Avail customized purchase options to meet your exact research
needs. Explore purchase
options
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Delivery Format
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PDF and Excel through Email
(We can also provide the editable version of the report in PPT/Word format on
special request)
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Report Scope:
In this report, Malaysia
hospital beds market has been segmented into following categories, in
addition to the industry trends which have also been detailed below:
- Malaysia Hospital Beds Market, By Type:
- Electric Beds
- Semi-electric Beds
- Manual Beds
- Malaysia Hospital Beds Market, By Usage:
o Acute
Care Beds
o Psychiatric
Care Beds
o Long-Term
Care Beds
o Others
- Malaysia Hospital Beds Market, By
Application:
- Intensive Care
- Non-intensive Care
- Malaysia Hospital Beds Market, By End
User:
- Hospitals
- Home Care Settings
- Elderly Care Settings
- Others
- Malaysia Hospital Beds Market, By Region:
Competitive Landscape
Company Profiles: Detailed
analysis of the major companies present in Malaysia hospital beds market.
Available Customizations:
With the given market data,
TechSci 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).
Malaysia 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]