Electrical Hospital Beds Market Share

Electrical Hospital Beds Market Share Analysis

The escalating prevalence of life-threatening illnesses contributes significantly to the heightened admissions observed in healthcare institutions. This surge in demand for healthcare facilities has spurred manufacturers and suppliers to introduce cutting-edge electrical products, thereby intensifying their presence in the market for electrical hospital beds. Particularly in regions like Asia-Pacific and the Middle East and Africa, the increasing incidence of severe diseases has prompted suppliers and manufacturers to expand their market outreach and venture into burgeoning markets.

According to the Centers for Disease Control and Prevention (CDC), life-threatening or chronic diseases like stroke, heart diseases, diabetes, chronic respiratory diseases, and kidney diseases ranked as the leading causes of mortality in 2014. For instance, data from the CDC highlights that nearly 4.9 million adults receive a kidney disease diagnosis annually.

The growing prevalence of life-threatening conditions, notably cancer and various infectious diseases, contributes to the expansion of the patient population. This rise in severe illnesses is poised to act as a catalyst propelling market growth throughout the assessment period. For instance, statistics from the Centers for Disease Control and Prevention reveal that in 2014, the US recorded 9,421 new tuberculosis cases. Moreover, the National Cancer Institute reported approximately 1,685,210 new cancer cases diagnosed in the US in 2016. Additionally, based on data from the US Department of Health and Human Services spanning from 2011 to 2015, the incidence rate of cancer in the US stood at 439.2 per 100,000 men and women.

Further underlining the global impact, the World Health Organization (WHO) estimates a staggering 3.7 million cancer cases in Europe each year. Specifically in Germany, the year 2014 witnessed 224,089 deaths attributed to cancer.

The surge in life-threatening diseases significantly influences the influx of patients into healthcare facilities, necessitating an increased demand for advanced medical equipment, including electrical hospital beds. Manufacturers and suppliers have recognized this trend and are actively introducing innovative solutions to cater to the rising healthcare demands across regions like Asia-Pacific, the Middle East, Africa, Europe, and the United States. This burgeoning demand, fueled by the escalating prevalence of severe illnesses, underscores the imperative for continuous advancements in medical technology and the growing significance of specialized healthcare equipment like electrical hospital beds in catering to the needs of an expanding patient population.