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The Asia Pacific region is experiencing significant growth in the hospital bed market due to increasing healthcare infrastructure development and rising healthcare awareness. This market encompasses a diverse range of hospital beds catering to various medical needs.
The area is here to watch an explosion of healthcare investments directions out by governments and private initiatives with scaling up of hospital infrastructures both in quality and quantity. In line with this movement, smart-design hospital beds increasingly incorporate the latest technology and tools.
The intensification of population aging is a principal motive force of the growth of the hospital beds market in APAC. Besides the rate of growth of elderly population, there is the demand for the a healthcare beds that the focus on the elderly care requirements (i.e. adjustable beds and beds with pressure-relieving features).
The persistent chronic ailment in the Asia-Pacific region is rapidly overtaking the population. Statistics show that for the continuous treatment and care of chronic illnesses, the use of ICU beds and specialty beds is on the rise, prolonging patient stays.
Technology changes our world innovations significantly affect market environment. Users of the smart hospital bed commonly incorporate facilities like remote monitoring, sensors, and console-based controls. This gives a better chance of better patient care and management services.
The Asia Pacific region has gradually become a prospect for medical tourism as people flock from a region or even outside the region to have their health issues addressed. Furthermore, due to an influx of medical tourists, the need for achieving a higher quality of hospital beds is growing, causing even more market growth.
Asia Pacific market for hospital beds is a very competitive area of hospital beds implementation with players from home and abroad. Intense competition consequent to the fast moving global markets is pushing innovation at the highest pace, and more modern and intelligence hospital beds are invented.
Wellbeing and risk management of consumers are the focus in the market right now, and that’s how influential the market power is. The trend of providers that is worth being pointed out is that the factories are nowadays embedding the new characteristics like ergo design, antibacterial materials, and fall prevention systems to bump up user-friendliness of the whole medical experience.
There are always challenges involved in the market, and the hospital bed availability can be affected by the cases of supply chain disruption. A causal link could be seen between the raw materials deficiency and transportation problems as the manufacturers might experience a lot of trouble in filling the growing demand.
There is a growing awareness of environmental sustainability in healthcare. Manufacturers are focusing on developing eco-friendly hospital beds with recyclable materials, aligning with global efforts to reduce the carbon footprint of medical equipment.
The Asia Pacific hospital bed market is poised for continued growth, driven by factors such as increasing healthcare expenditure, technological innovations, and a growing patient population. Opportunities for market expansion lie in catering to specific healthcare needs and addressing the evolving preferences of healthcare providers.
Asia Pacific Hospital Bed Market Highlights:
Asia-Pacific Hospital Bed Market Overview
The Hospital Bed market is anticipated to reach USD 2.2 Billion by 2032 at CAGR 7.7% during the forecast period 2023-2032.
Beds are the primary requirements for the healthcare facility providers. The prime objective of these care centers are to provide comfort and relief to the patients. When patient arrives in the hospital he is unable to move. The beds available for the purpose of healthcare are specially designed for the comfort of the patients.
Beds used in the healthcare facility centers are customized or specially modified beds. The modifications are made to for convenience of the patients. The modifications are made for the purpose of adding features to the beds. The features include adjustable heights, adjustable size, and also for the sections like head and feet. The features also include wheels, automated switches for the electric devices and side trail rails and many more.
Patients with conditions like cardiac problems, cancer, renal problems, bone fractures, spine fracture, pregnant women, old aged people and children are the major utilizers of hospitals beds. Patients are made comfortable in hospitals with the different features of beds. As the beds are available with all features required by the patient conditions. The only matter of concern is of price of the beds. But the governments and the private companies do spend much on the healthcare infrastructure that helps the user to utilize the facilities.
The Asia-Pacific market of hospital beds is growing rapidly because of the growing population and growing number of chronic diseases, non-chronic diseases and rising elderly population as well. The Asia-Pacific market of hospital beds is expected to grow with a CAGR of 7%.
Study Objectives of Asia-Pacific Hospital Bed Market:
- To provide detailed analysis of the market structure along with forecast for the next 7 years of the various segments and sub-segments of the Hospital bed market
- To provide insights about factors influencing the market growth
- To analyze the hospital bed market based on various factors- price analysis, supply chain analysis, porters five force analysis etc.
- To provide historical and forecast revenue of the market segments and sub-segments with respect to countries of Asia-Pacific.
- To provide country level analysis of the market with respect to the current market size and future prospective
- To provide country level analysis of the market for segments by hospital bed type, by application type and by end users and its sub-segments.
- To provide overview of key players and their strategic profiling in the market, comprehensively analyzing their core competencies, and drawing a competitive landscape for the market.
- To track and analyze competitive developments such as joint ventures, strategic alliances, mergers and acquisitions, new product developments, and research and developments in the Asia-Pacific hospital bed market.
Figure 1 Asia-Pacific Hospital bed Market, By Application Type, 2016
Key Players for Hospital bed Market
Some of the Key Players in This Market Are:
- Stryker Corporation
- Hilli Rom Holding. Inc.
- Getinge Group
- Paramount Bed Co. Ltd.
- Invacare Corporation
- Arjo Hunjtleigh
- Meditech
- Jiangsu Yongfa medical equipment Co. Ltd.
Asia-Pacific Hospital Bed Market Segment Insights
Asia-Pacific Hospital Bed Type Insights
On the basis of types which comprises type, Standard bed, Manual bed, Hydraulic bed and Electric bed.
Asia-Pacific Hospital Bed Application Insights
On the basis of application types, Medical/Surgical bed, Critical care bed, Maternity bed, Bariatric bed and others.
Asia-Pacific Hospital Bed End User Insights
On the basis of end users, Hospitals & Clinics, Nursing homes and Maternity homes.
Asia-Pacific Hospital Bed Regional Insights
Asia-Pacific region is rapidly growing market for the hospital bed. The Asia-Pacific market for hospital bed is expected to grow at a CAGR of 7% during the forecasted period. This is due to increasing population and increasing number of chronic and non-chronic diseases. As well the growing number of elderly people and the countries in this regions are spending more in the healthcare industries so the number of hospitals are growing rapidly.
Asia-Pacific Hospital Bed Intended Audience
- Hospital bed manufacturers
- Hospital bed Suppliers
- Biosuppliers companies
- Research and Development (R&D) Companies
- Medical Research Laboratories
- Academic Medical Institutes and Universities
The report for Asia-Pacific hospital bed market of Market Research Future comprises of extensive primary research along with the detailed analysis of qualitative as well as quantitative aspects by various industry experts, key opinion leaders to gain the deeper insight of the market and industry performance. The report gives the clear picture of current market scenario which includes historical and projected market size in terms of value and volume, technological advancement, macro economical and governing factors in the market. The report provides details information and strategies of the top key players in the industry. The report also gives a broad study of the different markets segments and regions.
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