Hospital Furniture Market Overview
The hospital furniture market is expected to exhibit a solid 9.8% CAGR over the forecast period from 2017 to 2023, according to the latest research report from Market Research Future (MRFR). The global hospital furniture market is mainly driven by the growing demand from emerging economies to develop their healthcare sector and the increasing investment in the healthcare sector by private entities, leading to a growing demand for premium, expensive hospital furniture offering the latest in ergonomics and comfort.
Impact of covid-19 on the Hospital Furniture Market
We have observed the massive impact of novel coronavirus on people’s lives over the last five months. It has also impacted various industries across the globe, eventually affecting the global economy. Some industries have experienced negative growth, whereas some industries have experienced tremendous demand and have generated massive revenues in this period. Covid 19 Impact on hospital furniture market is the one of the positive impact sector on global industry
It will be inaccurate to say that before COVID-19, all the healthcare systems across the world had adequate hospital infrastructure to support the respective patient population. However, some of the developed countries like the US, Canada, Germany, the UK, and Japan had enough resources to manage and treat the patient population.
The World Health Organization declared COVID-19 a pandemic and global emergency in March 2020. By this time, the affected population was in thousands, which led to massive shortage in hospital furniture, including hospital beds, ICU beds, stretchers, wheelchairs, sanitation tools, and emergency workstations.
None of the healthcare systems were equipped with enough resources to support such a sudden rise in the hospitalization of patients.
Even though the cumulative number about the total number of bed usage post COVID-19 is not available at the moment, it is estimated that the requirement of the hospital beds, including critical care beds and ICU beds, has increased by at least ten folds in these majorly affected countries.
Hospital Furniture Market Competitive Analysis:
Leading players in the global hospital furniture market include Beaver Healthcare Equipment, Moore Medical LLC, Renray Healthcare Ltd., Narang Medical, Hill-Rom, Chang Gung Medical Technology, GPC Medical Ltd., The Brewer Company, Bristol Maid Hospital Metalcraft, DRE Inc., Anetic Aid Limited, KI, Bio Medical Solutions, and Stryker Corporation.
In September 2019, a new super-specialty ward is expected to open in the Government Medical College and Hospital in Aurangabad, India. Redevelopment of existing medical facilities is likely to pick up speed in India in the coming years, making it a leading regional market for hospital furniture and driving the global hospital furniture market over the forecast period.
Hospital Furniture Market Segmentation:
The global hospital furniture market is segmented on the basis of type into bedside tables, OT table, instrument stands, stretchers, hospital beds, chairs, scrub sinks, waste container, trolley and others.
On the basis of application, the global hospital furniture market is segmented into physician furniture, patient’s furniture, and staff’s furniture. Physician furniture is sub-segmented into examination table, surgery chair, and others. Patient furniture is sub-segmented into stretchers, bedside table, and other, while staff’s furniture is further segmented into stands and others.
On the basis of end users, the market is segmented into hospital, diagnostic centres, clinics and others. Hospitals hold the dominant share in the global hospital furniture market of 65% and are likely to remain the leading revenue generator in the global hospital furniture market over the forecast period.
Hospital Furniture Market Regional Analysis:
The Americas is likely to be the major revenue generator in the global hospital furniture market over the forecast period due to the growing demand for advanced hospital furniture in North America, especially the U.S. The growing presence of the private healthcare sector in North America is likely to be a major driver for the hospital furniture market in the Americas region over the forecast period. Private healthcare entities make more of an effort to pick the best furniture, to woo patients and new customers, whereas state-sponsored healthcare initiatives mainly pick hospital furniture based on utility rather than design or fashion. Thus, the strong presence of the private healthcare sector in North America is likely to be a major driver for the global hospital furniture market over the forecast period.
Get a FREE Sample with Complete TOC By Considering the COVID-19 impact on Global Market @ https://www.marketresearchfuture.com/report/covid-19-impact-hospital-furniture-market
Europe is the second largest regional market for hospital furniture and is likely to hold on to a significant share in the global hospital furniture market over the forecast period. Europe is also home to several leading players in the healthcare sector, leading to a growing preference for expensive hospital furniture of a higher quality. The increasing efforts taken by the healthcare sector to engage and interact with patients in Europe are likely to be a key driver for the hospital furniture market in the region over the forecast period.
Asia Pacific is the third largest regional market for hospital furniture, and is expected to exhibit the fastest growth over the forecast period due to the growing demand from the increasingly well-funded healthcare sector in the region. The healthcare sector in developing APAC economies such as India and China has exhibited robust progress in the last few years due to the increasing government support and the increasing investment from private sector individuals. This is likely to result in an increasing demand for hospital furniture in the region over the forecast period, as several new hospitals are likely to be constructed in this region over the forecast period, as well as renovation and redevelopment efforts bearing fruit.
The Hospital Asset Tracking And Inventory Management Systems market research report provides the latest industry data, growth, key segments and future trends on the basis of the detailed study.
This market report also allows you to identify the future opportunity and growth rate of the leading segment based on regions and countries.The report also covers detailed competitive landscape including company profiles of key players operating in the global market.
The key players in the hospital asset tracking and inventory management systems market include ASCOM, CenTrak, GE Healthcare, Honeywell International, Inc., Midmark Corporation and ZIH Corp. An in-depth view of the competitive outlook includes future capacities, key mergers & acquisitions, financial overview, partnerships, collaborations, new product launches, new product developments and other developments with information in terms of H.Q.Get more information on "Global Hospital Asset Tracking And Inventory Management Systems Market Research Report" by requesting FREE Sample Copy at https://www.valuemarketresearch.com/contact/Hospital-Asset-Tracking-And-Inventory-Management-Systems-market/download-sampleMarket DynamicsThe growing healthcare industry coupled with an increasing need for better asset management in hospitals is driving the market growth.
Acceptance of these management systems in the pharmaceutical industry is again accelerating market growth.
Whereas, technological advancements and penetration in emerging economies are expected to offer an opportunity during the forecast period.This detailed market study is centered on the data obtained from multiple sources and is analyzed using numerous tools including porter’s five forces analysis, market attractiveness analysis and value chain analysis.
These tools are employed to gain insights of the potential value of the market facilitating the business strategists with the latest growth opportunities.
Market Overview:The smart hospitals market is increasingly garnering traction across the globe.
The concept of the smart hospital is taking its root rapidly, gaining tremendous commercial interest.
Smart hospital showcases the convergence of the Internet of Things (IoT), information communication & technology (ICT), and cloud that makes the entire gamut of healthcare operations seamless and streamline the clinical workflow.Moreover, medical software applications such as Netmeds, Practo, and others have provided various benefits such as reduced waiting time and duration of hospital stay, and lower medical errors that eventually reduce the healthcare cost.Also, the smart hospitals concept uses innovative technology such as artificial intelligence (AI) to solve problems like overcrowding and thus to reduce patients' waiting times, which attributes to the booming popularity of IoT enabled environment and hence to the smart hospital concept.Resultantly, the Covid-19 Impact On Smart Hospitals Market is growing pervasively, accounting for significant success, globally.
Huge advancements in technology and the vast uptake of smart technology the market on the global platform.Considering the phenomenal upsurges, the market perceives currently, Market Research Future (MRFR) in its recently published study report asserts that the global smart hospital market will witness significant growth by 2025 registering a phenomenal double-digit CAGR of 21.5% throughout the forecast period (2018 -2025).Additional factors that are supporting the growth of the market include a significant increase in the healthcare sector and the field of connected healthcare.
The intelligent, autonomous infrastructure that improves workflow in healthcare settings by providing instantaneous and real-time actionable intelligence is helping the caregivers to achieve better patient outcomes.Get Free Sample Report @ https://www.marketresearchfuture.com/sample_request/4505Key PlayersThe prominent players in the global Smart Hospitals Market are – Siemens AG (Germany), Qualcomm Life Inc. (US), Athenahealth Inc. (U.S), SAP SE (Germany), Microsoft Corporation (U.S), Cerner Corporation (U.S), Stanley Healthcare (US), Oracle Corporation (US), SAMSUNG Group (South Korea), Philips N.V (Netherlands), GE Healthcare (US) among others.Global Smart Hospital Market – SegmentsFor ease of understanding, the analysis has been segmented into three key dynamics:By Type : General Services, Specialty, and Super-SpecialtyBy Application: Electronic Health Record (HER) and Clinic Workflow, Remote Medicine Management, Medical Connected Imaging, Outpatient Vigilance, and Medical Assistance, among others.By Regions: North America, Asia Pacific, Europe, and the Rest-of-the-World.Regional Analysis:On the basis of region, the global smart hospital market is segmented into North America, Europe, Asia Pacific (APAC), the Middle East & Africa (MEA) and Latin America.
North America is expected to spearhead the global smart hospital market during the forecast period.
We conduct an accurate and reliable COVID Test.
Our qualified phlebotomists trained for safe and hygienic sample collecting during Test for COVID 19.
We are the most trustworthy lab for COVID 19 testing in India.
Get your COVID-19 Test done with Metropolis Healthcare.
The whole globe has experienced the adverse effect of coronavirus and every industry has faced setbacks especially the real estate industry.
Moreover, this market report also covers regional and country markets in detail.The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide.
The major players in the modular hospital market include ABMSC American Bio-Medical Service Corporation, ARPA EMC, Cadolto, Bolle, COTAPLAN, Bussman Medical & Research BV, Block, EIR Healthcare, Mobile Healthcare Facilities, Karmod, and Gaptek.
This section consists of a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.Get more information on "Global Modular Hospital Market Research Report" by requesting FREE Sample Copy at https://www.valuemarketresearch.com/contact/modular-hospital-market/download-sampleMarket Dynamics The global modular hospital market will be performing impressive rate in the coming years.
This is due to the COVID-19 pandemic ongoing in the majority of countries.
The global modular hospital market was performing satisfactorily in the past years.
It offers enhanced outcomes and experience for both patients and healthcare providers, is typically less expensive, wins in speed at least in the specific case and emergency, and can integrate the latest in smart technology.
