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.
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.
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.
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.
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.
Emergency Hospital Beds Market - Scope of Report
A latest publication by Persistence Market Research (PMR) on the global emergency hospital beds market evaluates the opportunities and current market landscape, and provides detailed analysis and updates about corresponding sections affecting the global emergency hospital beds market. The study offers detailed insights on key market dynamics, which includes the drivers, restraints, trends, and opportunities in the emergency hospital beds market. The principal aim of the market study is to present exclusive information about how the market will perform during the forecast period of 2020-2030.
Important indicators for the successful growth of the emergency hospital beds market are presented in this comprehensive report, which include supply chain analysis, value chain analysis, Year-on-Year (Y-o-Y) growth analysis of the market, and compounded annual growth rate (CAGR). This research study can support readers to know the demand for emergency hospital beds and the quantitative development opportunities during the study period.
The research is beneficial for shareholders in the emergency hospital beds market, including investors and service providers, and can help them in developing suitable business strategies to flourish in the emergency hospital beds market. The insights and wisdom presented in this PMR study can be leveraged by shareholders in the emergency hospital beds market, industry experts, investors, researchers, reporters, as well as business enthusiasts.
Market statistics as well as information linked to the macro- as well as micro-economic variables affecting the business scenario in the emergency hospital beds market are also included in the current study. Depending on the potential developments in the emergency hospital beds market, substantive insights are also encountered in this report. Additionally, by virtue of the data submitted in this market report, minor companies and new entrants in the emergency hospital beds industry can be aided in making suitable company choices to achieve traction in the emergency hospital beds market.
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.
Key Questions Answered in PMR’s Emergency Hospital Beds Market Report
Emergency Hospital Beds Market: Research Methodology
In PMR’s study, a unique research methodology is utilized to conduct extensive research on the growth of the emergency hospital beds market, and reach conclusions on the future growth parameters of the market. This research methodology is a combination of primary and secondary research, which helps analysts ensure the accuracy and reliability of the conclusions.
Secondary resources referred to by analysts during the production of the emergency hospital beds market study include statistics from governmental organizations, trade journals, white papers, and internal and external proprietary databases. Analysts have interviewed specialized industry experts, medical professionals, and key executives of product manufacturing companies, who contributed to the development of this report as a primary resource.
Comprehensive information acquired from primary and secondary resources acts as a validation from companies in the emergency hospital beds market, and makes PMR’s projections on the growth prospects of the emergency hospital beds market more accurate and reliable.