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Global Market Trajectory & Analytics



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  •  DATE

    JULY 2020



  •  PAGES




  •  PRICE

    USD $5450


Impact of Pandemic & Economic Slowdown

Monitor Market Dynamics!
Early March 2020, we reached out to senior enterprise executives who are driving strategy, business development, marketing, sales, product management, technology and operations at competitive firms worldwide. Our ongoing survey is focused on how this will this affect their business ecosystems. We invite you to participate in our survey and add to collective perspectives. Market movements are tracked for 2020, 2021 and broadly for the period of 2022 through 2025. Critical changes are monitored dynamically for the rest of this year. Updated analytics will reflect new and evolving market realities. Our first update scheduled for May 2020 and another in the Fall. Clients receive complimentary updates during 2020. If your company is a recent client for this project, we may have already reached out to your colleagues to participate in our program. If you're an active player in the space but hasn't yet subscribed to our project, we invite you to participate and share your perspectives. Please sign-up here.

With the global contagion exerting immense pressure on healthcare systems, hospital beds have become the most coveted commodity along with ventilators and personal protective equipment like face masks, protective gowns& gloves. As daily infections continue to rise and create demand for isolation wards and ICU care, a massive upward revision of demand for hospital beds is inevitable. Against this backdrop, the global market is projected to reach US$6.5 billion by the year 2027. The year 2020 will witness the highest spike in annual growth at approximately 77.9%. With the onset of community spread in most countries, infections are increasing among the vulnerable population groups like the elderly and people with co-morbidities like lung diseases, hypertension, diabetes and cardiovascular diseases. These Immunocompromised sections of the population are at a higher risk of developing respiratory complications and pneumonia which require hospitalization, ventilation and oxygen support. In nursing homes and assisted living centers, COVID-19 mortality rates can be as high as 25% to 55%.

With hospital beds per 1,000 people being less than desirable in most countries, there is a high risk of hospitals running out of beds to treat the critically ill. In a country with 2.8 beds per 1000 people, 60% of adults infected in 6 months will require over 800% of current hospital beds to be emptied or new beds to be added. The doubling rate in countries worldwide is cause for concern as a lower doubling rate will stress and overwhelm the healthcare system. As of the ist week of June2020, the doubling rate of infections in India, USA, Russia, Mexico, South Africa, Germany, United Kingdom was recorded at 13.1, 43.2, 19.8, 17.5, 13.2, 51.1, 48.8 days respectively. Hospitals worldwide are scrambling to add hospital beds and ICU capacity beyond their normal capacities. In the United States, and other worst hit countries across the world, there is growing focus on policy initiatives aimed at converting existing buildings into fully functioning hospitals. Hotels, schools, stadiums, parks, parking lots and public assembly spaces are being converted into temporary patient-care facilities to ease the pressure on mainline hospitals. In the United States, a 250,000-square-footexpo center in Michigan is being converted into a 1,000-bed alternative care facility, while in the U.K. , the conversion of Excel centre into a field hospital with 4,000 beds is the by far the biggest and most ambitious hospital conversion plan. Several more facilities across countries are being converted into hospitals as the world braces for the worst.

The need to add new hospital beds is especially critical for developing countries with less than adequate healthcare resources. India, the country with just 0.6 beds for every 1000 people, is already beginning to witness worrisome instances of preventable deaths due to shortages of available hospital beds. Lack of access to hospital beds can cripple timely care and treatment and in a pandemic of the current magnitude the ramifications can be devastating. The world is in a race to boost hospital bed capacity to navigate the pandemic with minimal morality rates. Increasing hospital beds and throughput per bed remains the focus of healthcare systems across the world. Demand for hospital beds against this backdrop is spiraling as manufacturers scramble to ramp up production capacity. Laser-like focus is being shed on hospital supply chain issues, to ensure that supply of all critical care products, including ICU and med-surgical hospital beds, patient monitoring devices, and physical assessment tools and consumables meets the increased demand. As the entire healthcare support system and value chain steps up to support COVID-19 response, hospital beds will witness growth in the coming years.

» Segment (General Purpose, Pressure Relief, Pediatric, Birthing, Other Segments) » Type (Acute Care, Long-term Care, Other Types) » Technology (Manual, Electric, Semi-Electric)
» World » United States » Canada » Japan » China » Europe » France » Germany » Italy » United Kingdom » Spain » Russia » and Rest of Europe » Asia-Pacific » Australia » India » South Korea » and Rest of Asia-Pacific » Latin America » Argentina » Brazil » Mexico » and Rest of Latin America » Middle East » Iran » Israel » Saudi Arabia » United Arab Emirates » and Rest of Middle East » and Africa


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