Mon. Nov 29th, 2021

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.

Browse 46 market data Figures spread through 70 Pages and an in-depth TOC on “India Hospital Beds 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 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., 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.

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