Saudi Arabia Hospital Beds Market to Grow with an Impressive CAGR until 2026
Surge in
demand of robotic hospital beds in the country is driving the growth of Saudi
Arabia Hospital Beds Market, in the forecast period.
According to TechSci report on, “Saudi
Arabia Hospital
Beds Market By Product Type (General
Beds, Bariatric Beds, Pediatric Beds, Pressure Relief Beds, Birthing Beds,
Others) By Type (Powered v/s Manual) By Care (Curative
Care, Long-Term Care, Rehabilitative Care) By Application (Intensive Care
Beds v/s Non-Intensive Care Beds) By End User (Hospitals & Clinics,
Ambulatory Care Centers, Others) By Region, Competition Forecast &
Opportunities, 2026”, Saudi Arabia hospital beds market has shown promising growth in historical years
until 2019 and is expected to continue its growth in upcoming forecast years
2021 to 2026. Saudi Arabia hospital beds market owes its growth to the factors
like technological advancements in the ICU beds, increasing number of the
hospital beds in private hospitals. ICU beds are mostly bariatric beds that
provide the required comfort to the patients. These beds provide the various
sleeping options and comfort as required to the patient.
Hospital
beds are a crucial instrument that is required in the hospitals, clinics, home
care, etc. Although hospital beds are a requirement for every patient, but the
chronically ill patient require the beds for longer term and thereby the
increasing number of the chronic patient is majorly driving the Saudi Arabia
hospital beds market in the forecast period, 2022-2026.
In
the month of March 2020, the world was hit by the wide spread of COVID-19
virus, and the economy suffered the set back. Saudi Arabia was also hit by the
pandemic and country-wide lockdown was enacted. Although health industry boomed
during the pandemic owing to the growing number of the patients. Manufacturers
of various products had a stay before they could re-initiate their
manufacturing processes. Saudi Arabia hospital beds were soon manufactured
again looking at the number of increasing patient counts. Since, the pandemic
has not yet ended and the new strain of virus is again increasing the patient
count, the Saudi Arabia hospital beds market is anticipated to continue its
growing streak in the forecast period too.
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The
Saudi Arabia hospital beds market is segmented by product type,
type, care, application, end user, regional distribution, and competitional landscape.
Based on type the market is further bifurcated into powered and manual. Powered
hospital beds are technologically advanced and offer a plethora of functions
that gives it the advantage over the manual hospital beds. Thus, the powered
hospital beds are anticipated to hold the larger market share in the future
five years.
Based
on care the market is again segmented by curative care, long-term care, and rehabilitative
care. Long-term care is anticipated to hold the largest market share, I the
future five years owing to the rising number of chronic patients. Chronic
diseases like cancer, paralysis, etc. renders the patient in bed and in
continuous need of care. Patients in need of such care are often immobile or
require extreme efforts to move, thus the long-term care patients require these
beds. Moreover, curative care is also anticipated to hold significant market
share in the next five years owing to the rising cases of COVID-19 infected
patients.
Some
of the top players in the Saudi Arabia hospital beds market are, Stryker KSA,
Hill-Rom Holdings, Inc-Saudi Arabia, Invacare Corporation Saudi Arabia, Bassam
Trading Company Saudi (Overseas) Marketing & Trading Company (SOMATCO),
among others. The companies are involving themselves into research and development
for the methods of better quality, to provide better products.
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“Kingdom
of Saudi Arabia government is highly focused in privatization of the healthcare
industry. To increase the public-private participation delivery model and to
scale up medical education the privatization of the industry is required. This
aspect of the government is opening a large gap for the new players to settle a
market in the country. Manufacturers of the hospital beds are not in a large
count in the country, with the technologically advanced products, new players
may come up with a functional partnership with the major suppliers and
distributors and utilize the opportunity to provide the best quality product
while establishing their brand name in a quite raw market,” said Mr. Karan
Chechi, Research Director with TechSci Research, a research based global
management consulting firm.
“Saudi Arabia Hospital Beds Market By Product Type
(General Beds, Bariatric Beds, Pediatric Beds, Pressure Relief Beds, Birthing
Beds, Others) By Type (Powered v/s Manual) By Care (Curative Care, Long-Term
Care, Rehabilitative Care) By Application (Intensive Care Beds v/s
Non-Intensive Care Beds) By End User (Hospitals & Clinics, Ambulatory Care
Centers, Others) By Region, Competition Forecast & Opportunities, 2026” has evaluated the future growth potential of Saudi
Arabia 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 Saudi Arabia Hospital
Beds market.
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