India Hospital Beds Market to Grow at 12% until 2026
Improving
healthcare infrastructure and rising number of people suffering from various
health ailments to drive India hospital beds
market
According
to TechSci Research report, “India Hospital Beds Market By Product Type, By
Technology, By Application, By Treatment, By Sector, By End User, By Region,
Competition, Forecast & Opportunities, FY2026”, India hospital beds market is forecast to grow at a CAGR
of close to 13% during FY 2021 – FY 2026 on account of increasing geriatric population
suffering from various chronic diseases such as cancer, diabetes,
cardiovascular diseases, hypertension, renal disorders, among others, across the
country. This has drastically increased the patient pool and rate of
hospitalization. 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 are further expected to augment market growth
through FY2026. However, 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, application, treatment, sector, end user, company, and region.
Based on product type, the market can be fragmented into general beds,
pediatrics bed, birthing beds, respiratory beds, ICU beds, bariatric beds and
others. The ICU beds segment is expected to
register highest growth in 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 and manual. The manual segment holds the highest
share in the market since these are the most conventional forms of beds used in
hospitals, clinics, nursing homes, among others. Additionally, they require
very less or no maintenance. The electric beds segment is expected to register significant
growth during forecast years owing to the fact that these beds provide enhanced
mobility, especially to the disabled patients. Based on application, the market
can be bifurcated into intensive care and non-intensive care. The non-intensive
care segment is expected to dominate the market in the forthcoming years owing
to increasing incidences of hospital acquired pneumonia and other hospital
acquired infections. Based on end user, the market can be segmented into hospitals,
home care settings, and others. With hospitals dominating the market, the home
care settings segment is also expected to grow significantly through FY 2026.
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Midmark India Pvt. Ltd., ArjoHuntleigh Healthcare
India Private Ltd, Paramount Bed India Pvt Ltd., Stryker India Pvt Ltd., Hill-Rom
India Private Ltd., Godrej & Boyce Manufacturing Company Limited, Medline
Industries India Private Limited, Surgitech India, PMT Healthcare Pvt Ltd, Gita
Mediquip Pvt. Ltd. are some of the
leading players operating in India hospital beds market. “India hospital beds market is expected
to witness high 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 players over next few years.
Besides, the sudden outbreak of COVID-19 is fuelling demand for hospital beds across
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, By
Technology, By Application, By Treatment, By Sector, By End User, By Region, Competition,
Forecast & Opportunities, FY2026” 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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