Malaysia Hospital Beds Market to Grow with a Double Digit CAGR until 2026
Surge in demand of robotic
hospital beds is driving the growth of Malaysia Hospital Beds Market, in the
forecast period.
According to TechSci report on, “Malaysia Hospital Beds Market By Type (Electric Beds,
Semi-electric Beds, Manual Beds) By Usage (Acute Care Beds, Psychiatric Care
Beds, Long-Term Care Beds, Others) By Application (Intensive Care v/s
Non-Intensive Care) By End User (Hospitals, Home Care Settings, Elderly Care
Settings, Others) By Region, Competition Forecast & Opportunities, 2026”, Malaysia
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. Malaysia hospital
beds market owes its growth to the factors like surge in the demand of the hospital
beds to overcome the rising number of COVID patients. Multiple temporary
healthcare facilities are set up in the country under the government
predicament, as the number of patients suffering from respiratory failure due
to the viral infection from the SARS CoV-2 (coronavirus). Moreover, the rapidly
developing medical facilities of the country is driving the growth of the
Malaysia hospital beds market exponentially in the next five years.
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The
Malaysia hospital beds market is segmented by type, usage, application, end
user, regional distribution, and competitional landscape. Based on usage, the market
is further bifurcated into acute
care beds, psychiatric care beds, long term care beds, and others. Acute care
beds are the hospital beds that are often utilized for the treatment of the
patients that require the facility for a short term of treatment or to cure an
acute symptom. Acute care hospital beds are not much advanced and often termed
as emergency beds. These beds are utilized in the emergency and trauma wards of
the hospital, it is required in temporary bedding situations. It is expected
that the acute care beds may hold the largest shares of the market on the
account of its multiple uses as well as the frequency of changes in the bedding
facility. Moreover, the rising number of the temporary settlements for the
treatment of the COVID patients, may support the aggressive growth of the
Malaysia hospital bed market in the upcoming five years. Psychiatric care beds
are anticipated to hold significant shares of the market sue to increasing
number of patients suffering from severe psychiatric conditions. These patients
often require restraining for the administration of the drugs, to hold them
from harming themselves and other, and to keep control during a psych episode.
Thus, these hospital beds are specifically designed for the psychiatric wards
and psychiatric hospitals only. Long term care beds are for the patients that
are suffering from the chronic diseases or are under the complete observation
and help of a caretaker. These patients are often unable to move limbs, perform
functions like sitting or laying on their own, and require aid to support their
postures. Long term care beds are specifically designed for such patients and
are often used by the geriatric population along with other chronic patients in
the hospitals, home care settings, or the elderly care settings.
A
partial list of market player in the Malaysia Hospital Beds market includes, 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, among others. These market players hold larger shares of the market than
the new market players. With the advancement of the technology, it is
appropriate to say that the effective research and development of the
technologically advanced medical devices would support the market growth and
benefit the market players as well as the consumers. New market players may
focus on the research and development to provide devices that satisfies the
consumer demand as well as benefits the market players in building their brand
value. Other competitive strategies include mergers & acquisitions and new
product developments.
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“Malaysian healthcare industry is still developing and the scope of the
establishment of a new market player along with open strategies are available
in Malaysia healthcare market. Technological advancement is slowly growing, and
the demand of medically equipped staff and facility is also taking over the
market. New market player may establish themselves with the advancing
technology. Although the surge in the number of patients suffering from COVID
has rapidly increase and thus has the surge in the demand for the hospital
beds. Where government and private healthcare facility are setting up temporary
camps for the treatments of the patients, cheaper, more viable options of
hospital beds to combat any future pandemic or similar epidemic has raised
general concerns that can provide better opportunity for the market players,”
said Mr. Karan Chechi, Research Director with TechSci Research, a research
based global management consulting firm.
“Malaysia Hospital Beds
Market By Type (Electric Beds, Semi-electric Beds, Manual Beds) By Usage (Acute
Care Beds, Psychiatric Care Beds, Long-Term Care Beds, Others) By Application
(Intensive Care v/s Non-Intensive Care) By End User (Hospitals, Home Care
Settings, Elderly Care Settings, Others) By Region, Competition Forecast &
Opportunities, 2026” has
evaluated the future growth potential of Malaysia 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 Malaysia hospital beds market.
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