Emergency Hospital Beds
Global Market Study on Emergency Hospital Beds: Demand Rising Due to High Number of Road Accidents Across the World
Emergency Hospital Beds Market Segmented By Surgical Beds, Maternity Beds, Critical Care Beds, Bariatric Beds with Emergency and Transport Stretchers, Procedural Stretchers Specialty Stretchers in Hospitals, Ambulatory Surgical Centres, Speciality Clinics
Rising hospitalizations in recent times due to increasing number of surgical procedures, cardiovascular diseases, infectious diseases, and other chronic diseases is expected to be a major driver for the expansion of the global emergency hospital beds market. For instance, 253.84 million inpatients were admitted at hospitals in 2018 in China. Additionally, traffic-related accidents have also led to increasing hospital admissions, which, in turn, would mean higher demand for emergency hospital beds.
For example, according to the World Bank, over 1.35 million deaths occur due to road accidents and 20-50 million are severely injured, worldwide, each year. Most of these accidents require emergency services, and hence, the requirement for emergency hospital beds and stretchers is expected to rise, eventually boosting the overall growth of the emergency hospital beds market.
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- Invacare Corporation
- Hill-Rom Holdings Inc.
- Stryker Corporation
- PARAMOUNT BED CO., LTD.
- Howard Wright Limited
- Midmark Corp
- Joson-Care Enterprise Co., Ltd.
- Stiegelmeyer GmbH & Co. KG
- NOA Medical Industries Inc.
- Novum Medical Products
- Amico Corporation
Training & Educational Services Combined With New Advertisement Campaigns - Key Promotional Strategies Major Players
Major market players functional in the global emergency hospital beds market rely on various types of promotional strategies. These primarily include training and educational services coupled with advertisement campaigns. Along with this, they focus on increasing brand visibility and thereby facilitating market penetration.
Apart from the above promotional activities, key players in the emergency hospital beds market are keen to leverage the growth potential present in emerging markets of South Asia and East Asia. To achieve the same, companies are relying on traditional methods of mergers and acquisitions along with investing hugely in research & development to keep innovating existing products and launch better ones to cater to the growing demand for customization.
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Regional Outlook of Emergency Hospital Beds Market
Emerging nations of South Asia and East Asia such as India, Bangladesh, Pakistan, China, Indonesia, and the Philippines, among others, will provide enormous growth opportunities, which will increase their emergency hospital beds market share. Some of the reasons include rising population, increasing burden of chronic diseases and thereby related hospitalizations, rising disposable income of the population, and many new manufacturing units coming up in the region due to cheap labour.
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COVID-19 Impact on Emergency Hospital Beds Market
The COVID-19 crisis has caused major disruptions across world economies and various sectors. The healthcare industry, in general, has seen some mixed responses, and the global emergency hospital beds market would fall in the category of the markets facing a mixed impact. The COVID-19 impact on the global emergency hospital beds market can be analysed in terms of both, at the backend and front-end of the industry.
Delay in raw material procurement and choked supply chains, coupled with lack of industrial labour force, and temporary suspension of manufacturing activities have led to a negative impact on the global emergency hospitals beds market space. However, high rates of hospitalizations during the COVID-19 pandemic combined with routine emergency hospitalizations has created inflated demand for emergency hospital beds.
Furthermore, wear and tear caused to existing emergency hospital beds during these times would result in increased future demand, which will further boost the global emergency hospital beds market during the forecast period of 2020-2030.
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PMR analysts, after conducting comprehensive research and analysis of the emergency hospital beds market, have reached a conclusion that, the market looks favourable and will grow at a good pace in the coming future. At the moment, surgical hospital beds are the most sought-after in this space. It is for the same reason that this segment is dominating the global emergency hospital beds market. Europe, followed by North America, is expected to be the most promising region in the global emergency hospital beds market during the forecast period.
Key Segments of Emergency Hospital Beds Market
PMR’s study on the emergency hospital beds market offers information divided into three important segments—product, end user, and region. This report offers comprehensive data and information about the important market dynamics, and growth parameters associated with these categories.