India Hospital Beds Market to Grow at 9% 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 stood at around USD 360 million
in FY 2020 and is forecast to grow at a CAGR of more than 9% 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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Market"
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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 grow at a robust pace 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 largest 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., Arjo Huntleigh Healthcare India Private Ltd, Paramount Bed
India Pvt Ltd., Stryker India Pvt Ltd., Hill-rom India Private Ltd., Godrej
Interio, Medline Industries India Private Limited, Geeta Surgicals, Invacare
Corporation, and 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.
Contact
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