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India Hospital Beds Market, Competition, Forecast and Opportunities, 2018-2028

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  • 88 Pages
  • October 2023
  • Region: India
  • TechSci Research
  • ID: 5174092
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India Hospital Beds Market has valued at USD 834.61 million in 2023 and is anticipated to project impressive growth in the forecast period with a CAGR of 7.99% through 2030. The hospital beds market in India is experiencing significant growth driven by several factors. India's expanding healthcare infrastructure, rising healthcare expenditure, and a growing population have fueled the demand for hospital beds. Moreover, the COVID-19 pandemic emphasized the need for adequate healthcare facilities, leading to increased investments in hospitals and medical equipment, including hospital beds. The market is witnessing a shift towards technologically advanced and ergonomically designed beds to enhance patient comfort and healthcare outcomes. Additionally, rising cases of chronic diseases, a booming medical tourism industry, and government initiatives to improve healthcare access are further propelling the hospital beds market in India.

Key Market Drivers

Rising Healthcare Demands are Driving the Market

India's population has been steadily increasing over the years. With a larger population, there is a greater demand for healthcare services, including hospital care. Moreover, the ongoing trend of urbanization leads to higher population densities in cities, resulting in a more significant need for healthcare facilities like hospitals. This, in turn, requires more hospital beds to accommodate patients. As India continues to develop, the burden of non-communicable diseases (NCDs) such as diabetes, cardiovascular diseases, and cancer has risen substantially. These chronic illnesses often require long-term hospitalization and specialized care, necessitating an increased number of hospital beds.

With improved access to healthcare services and increased health awareness among the population, more individuals seek medical attention when needed. Timely medical interventions often require hospitalization, driving up the demand for available hospital beds. Periodic health crises, such as disease outbreaks and pandemics, place tremendous pressure on healthcare systems. Hospitals need to prepare for surges in patients during such emergencies, leading to investments in additional hospital beds to ensure adequate capacity and patient care.

The Indian government has launched several healthcare initiatives aimed at improving healthcare access and infrastructure across the country. Schemes like Ayushman Bharat and the National Health Mission have led to increased funding for hospitals, resulting in the expansion of healthcare facilities, including the acquisition of more hospital beds. Advances in medical technology and treatment modalities have led to the development of specialized healthcare services. Hospitals are increasingly focusing on offering specialized care units, such as cardiac care units, intensive care units, and neonatal units. Each of these units require dedicated hospital beds, contributing to the overall demand.

Accidents and medical emergencies necessitate immediate hospitalization. Trauma care units in hospitals require specialized beds to cater to patients with severe injuries. The need for trauma care beds has increased due to road accidents and industrial mishaps. Some medical treatments and surgeries require extended hospitalization periods for post-operative care and recovery. As the healthcare sector advances, more complex procedures become available, leading to longer patient stays and an increased demand for hospital beds.

Medical Tourism Boom is Driving the Market

One of the primary reasons medical tourists choose India is the cost-effectiveness of healthcare services. Medical procedures and treatments in India are often significantly cheaper than in developed countries. Patients can save a substantial amount of money even after factoring in travel and accommodation expenses. As a result, the influx of medical tourists increases the occupancy rate of hospital beds, driving the need for more. India boasts a growing number of world-class hospitals and healthcare facilities that provide high-quality care. Many of these institutions are equipped with state-of-the-art technology and highly skilled medical professionals. Medical tourists are drawn to these facilities, which often have specialized units and cutting-edge equipment, necessitating an increase in the number of hospital beds.

India offers a wide range of specialized medical treatments and procedures, including organ transplants, cardiac surgeries, and cancer treatments. Patients from countries with limited medical resources or long waiting times for certain procedures turn to India for timely and comprehensive care. These specialized treatments require dedicated hospital beds, contributing to the market's growth. In countries with public healthcare systems, patients may face long wait times for non-emergency surgeries and treatments. Medical tourists prefer India for its shorter waiting periods, allowing them to receive medical attention promptly. This quick turnaround time leads to higher bed occupancy rates.

India's proficiency in English makes it a preferred destination for English-speaking medical tourists. Clear communication with healthcare providers is essential for effective treatment. The language advantage attracts more patients, thereby increasing the demand for hospital beds. Many hospitals in India offer comprehensive medical tourism packages that include not only medical treatment but also accommodation, transportation, and post-operative care. These packages make the entire process seamless for international patients, encouraging more people to choose India for medical procedures, thereby increasing the need for hospital beds.

The presence of medical tourists often leads to the cross-utilization of healthcare facilities. Local patients may choose the same hospitals due to their enhanced reputation and advanced infrastructure, contributing to higher bed occupancy rates for all patients.

Rising Aging Population is Driving the Market

The rising aging population in India is a compelling driver behind the growth of the India Hospital Beds market. As the demographic composition of the country shifts towards a larger elderly population, several interconnected factors contribute to an increased demand for hospital beds. As individuals age, they are more prone to a range of medical conditions and health issues, including chronic diseases, degenerative disorders, and age-related illnesses. These conditions often require medical intervention and hospitalization, leading to a higher demand for hospital beds. Elderly patients may need extended hospital stays for treatments, post-operative care, and rehabilitation.

Aging is often accompanied by a higher prevalence of chronic diseases such as diabetes, hypertension, cardiovascular diseases, and arthritis. These conditions necessitate regular medical check-ups, management, and occasional hospitalization. The need for specialized beds to cater to patients with chronic diseases contribute to the growth of the hospital beds market. Elderly individuals may require surgical interventions for conditions like joint replacements, cataract surgery, or heart procedures. Surgical units within hospitals must be equipped with beds designed to accommodate post-operative patients, addressing their specific needs. As the aging population increases, so does the demand for such beds.

With aging comes the possibility of requiring long-term care for age-related disabilities, dementia, or other chronic conditions. Long-term care facilities, including nursing homes and assisted living centers, require a substantial number of hospital beds to provide residents with medical care and support. The elderly often have unique healthcare requirements, such as beds equipped with features like adjustable height, side railings, pressure-relieving mattresses, and fall prevention mechanisms. These specialized geriatric beds are in high demand as they enhance patient comfort and safety. As the elderly population grows, the demand for hospital beds, especially in geriatric care units, is on the rise. Additionally, many older adults require palliative care, especially towards the end of their lives. Hospice and palliative care units in hospitals provide comfort and support for patients with terminal illnesses. These units require dedicated beds for patients in their final stages of life.

Older adults often require rehabilitation services after hospitalization or surgery to regain their independence and mobility. Geriatric rehabilitation units require beds for physical therapy and other rehabilitation services.

Bariatric care

Bariatric care is a significant driver of the hospital beds market in India. Bariatric care refers to medical treatment and surgical procedures tailored to individuals with obesity, a condition that has reached epidemic proportions in the country. As obesity rates continue to rise, there is a growing need for specialized hospital beds designed to accommodate larger and heavier patients.

These specialized bariatric hospital beds are reinforced to support higher weight capacities, ensuring the safety and comfort of obese patients during hospitalization. They often come equipped with features like adjustable heights, side rails, and pressure-relief mattresses to prevent complications such as pressure ulcers. The surge in bariatric care is driven by various factors, including changing lifestyles, poor dietary habits, and genetic predispositions. Obesity is closely linked to several comorbidities like diabetes, cardiovascular diseases, and sleep apnea, necessitating medical interventions and surgeries. Bariatric surgeries, in particular, are becoming more common in India as an effective treatment for severe obesity.

Hospitals and healthcare facilities are recognizing the need to invest in bariatric care infrastructure, including specialized beds, to cater to this growing patient population. Consequently, the demand for bariatric hospital beds is on the rise, making it a prominent driver in the Indian hospital beds market. As the obesity epidemic persists, the market for these specialized beds is expected to continue its growth trajectory in India.

Key Market Challenges

Budget Constraints

India's overall healthcare spending as a percentage of GDP is relatively low. This limited budget for healthcare means that healthcare facilities often must prioritize their spending on various medical equipment and services. This can result in a shortage of funds available for the procurement of new and advanced beds. Public sector hospitals, which serve a large pool of population, often face stricter budget constraints. Public hospitals, despite their high patient load, struggle to procure sufficient hospital beds due to budget limitations. Private hospitals also face budget constraints, but they may have more flexibility in their procurement decisions. Hospital beds, especially modern and specialized ones like ICU beds or electric beds, can be expensive. The high initial capital investment required for purchasing these beds can strain the budget of healthcare facilities, particularly smaller or rural hospitals.

Maintenance & Repair

Finding and retaining skilled technicians who can effectively repair and maintain hospital beds can be a challenge. Skilled labor shortage in the healthcare sector, including biomedical technicians, can hinder timely repairs and maintenance.

Advanced hospital beds come equipped with various electrical and mechanical components, including motors, sensors, and electronic control systems. Maintaining and repairing these complex beds require specialized knowledge and training, which may not be readily available in all healthcare facilities. Depending on the complexity of the issue, repairs to hospital beds can be expensive. Healthcare facilities, especially those with limited budgets, may delay or defer necessary repairs due to cost considerations, potentially compromising patient safety.

Dependency on Imports

India's domestic production of hospital beds is relatively limited, and the country depends heavily on imports to meet the demand for this critical healthcare equipment. The lack of a robust domestic manufacturing industry for hospital beds contributes to this dependency.

Importing hospital beds often involves significant costs, including custom duties, taxes, shipping fees, and currency exchange rates. These costs can increase the overall price of hospital beds, making them more expensive for healthcare facilities. Relying on imports makes the supply chain vulnerable to disruptions, such as geopolitical conflicts, trade disputes, and natural disasters in the countries from which India imports hospital beds. Such disruptions can lead to delays in the delivery of critical medical equipment. Long lead times for importing hospital beds can create challenges for healthcare facilities.

Key Market Trends

Demand for Specialized Beds

With advancements in medical science and technology, there has been a significant increase in medical specialization. Different medical conditions and patient demographics often require unique treatment approaches. As a result, hospitals and healthcare facilities have been seeking specialized beds designed to meet the specific needs of patients in various medical specialties. Intensive Care Unit (ICU) beds have been in high demand, especially during the COVID-19 pandemic. These beds are equipped with advanced features such as mechanical ventilation support, cardiac monitoring, and critical care-specific functionalities to address the needs of critically ill patients. For instance, there are specialized beds for pediatric, maternity, orthopedic, geriatric, neonatal and so on.

Focus on Infection Control

Hospital beds with antimicrobial surfaces and materials have become increasingly popular. These surfaces are designed to inhibit the growth of bacteria, viruses, and other pathogens, reducing the risk of healthcare-associated infections (HAIs). Many hospital beds now incorporate barrier systems, including removable and washable covers, to provide an additional layer of protection against contamination. These covers can be replaced or cleaned regularly. Some hospital bed manufacturers offer beds with coatings that are resistant to various types of infections. These coatings are designed to repel or destroy pathogens upon contact.

Rise in Medical Tourism

India has witnessed a substantial increase in the number of international patients seeking medical treatment in the country. These patients come for a wide range of medical procedures, including surgeries, cardiac treatments, orthopedic procedures, and more. Many hospitals in India have gained recognition for their state-of-the-art facilities, world-class medical professionals, and high-quality healthcare services. These factors have attracted medical tourists seeking top-notch care at a fraction of the cost in their home countries. Therefore, one of the primary reasons for the rise in medical tourism to India is the cost-effectiveness of healthcare services.

Private Sector Investments

India has seen substantial growth in the private healthcare sector. Private hospitals and healthcare chains have expanded their presence across the country, often investing in modern facilities, state-of-the-art equipment, and a significant number of hospital beds. Private healthcare providers in India have established world-class hospitals equipped with advanced medical technologies and a wide range of specialized services. These hospitals often prioritize the procurement of high-quality hospital beds to enhance patient comfort and care. The private sector's investments have contributed to an increase in healthcare capacity in India. Many private hospitals have added new wings, built additional floors, or expanded their existing facilities to accommodate more patients, necessitating the acquisition of additional hospital beds. Private healthcare providers offer specialized services in various medical fields, including cardiology, orthopedics, oncology, and more.

Segmental Insights

Product Type Insights

In the Indian Hospital Beds market, the segmentation based on product types includes General Beds, ICU Beds, Birthing Beds, Pediatrics Beds, Respiratory Beds, Bariatric Beds, and others. Notably, the General Beds segment established its dominance in 2023 and is poised to sustain its leading position through 2030. Several factors contribute to the prominence of General Beds within this market.

One pivotal factor is the ready availability of General Beds. Hospitals and healthcare facilities in India have easy access to a diverse range of manufacturers supplying General Beds. This accessibility simplifies the process of expanding bed capacities as per evolving healthcare demands, a crucial consideration in a country marked by a burgeoning population and escalating healthcare needs. The scalability and adaptability of General Beds make them a preferred choice for healthcare providers, enabling them to efficiently respond to patient surges and variations in clinical requirements. In summary, the General Beds segment's dominance in the India Hospital Beds market is anchored in its widespread availability and the inherent flexibility it offers to healthcare facilities. As India's healthcare landscape continues to evolve, the versatility and accessibility of General Beds position them as a reliable and indispensable component of hospital infrastructure.

Country Insights

The dominance of the northern region in the India Hospital Beds market can be attributed to several key factors. Firstly, the northern region encompasses major metropolitan cities and the national capital, Delhi, which are home to numerous large and well-established hospitals and healthcare facilities. These urban centers drive significant demand for hospital beds due to high population densities and healthcare infrastructure development.

Secondly, the northern region has witnessed substantial investments in healthcare infrastructure and medical tourism. This has led to the establishment of world-class hospitals that require a substantial number of hospital beds to meet the healthcare needs of both domestic and international patients. Additionally, the northern region has a relatively higher concentration of specialty hospitals and medical institutions, which often necessitate specialized hospital beds such as ICU beds and birthing beds. Overall, the combination of urbanization, healthcare investments, and a concentration of healthcare facilities has propelled the northern region to dominate the India Hospital Beds market..

Report Scope:

In this report, the India Hospital Beds Market has been segmented into the following categories, in addition to the industry trends which have also been detailed below:

India Hospital Beds Market, By Product Type:

  • General Beds

  • Pediatric Beds

  • Birthing Beds

  • Respiratory Beds

  • ICU Beds

  • Bariatric Beds

  • Others

India Hospital Beds Market, By Technology:

  • Electrical

  • Semi-Electric

  • Manual

India Hospital Beds Market, By Application:

  • Intensive Care

  • Non-Intensive Care

India Hospital Beds Market, By Treatment:

  • Acute Care

  • Long-term Care

  • Critical Care

  • Others

India Hospital Beds Market, By Sector:

  • Private

  • Public

India Hospital Beds Market, By Country:

  • North

  • South

  • West

  • East

Competitive Landscape

Company Profiles: Detailed analysis of the major companies present in the India Hospital Beds Market.

Available Customizations:

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Frequently Asked Questions about the Indian Hospital Beds Market

What is the estimated value of the Indian Hospital Beds Market?

The Indian Hospital Beds Market was estimated to be valued at $834.61 Million in 2023.

What is the growth rate of the Indian Hospital Beds Market?

The growth rate of the Indian Hospital Beds Market is 7.9%, with an estimated value of $1459.89 Million by 2030.

What is the forecasted size of the Indian Hospital Beds Market?

The Indian Hospital Beds Market is estimated to be worth $1459.89 Million by 2030.

Who are the key companies in the Indian Hospital Beds Market?

Key companies in the Indian Hospital Beds Market include Midmark India Pvt. Ltd., Stryker India Pvt. Ltd., Paramount Bed India Pvt. Ltd., Arjohuntleigh Healthcare India Private Ltd., Hill Rom India Private Ltd. (Baxter International Inc.), Gita Mediquip Pvt. Ltd., Surgical Mall Of India Private Limited, Gentek Medical, Godrej Interio and GPC Medical Ltd..

Table of Contents

1. Product Overview
1.1. Market Definition
1.2. Scope of the Market
1.2.1. Markets Covered
1.2.2. Years Considered for Study
1.2.3. Key Market Segmentations
2. Research Methodology
2.1. Objective of the Study
2.2. Baseline Methodology
2.3. Key Industry Partners
2.4. Major Association and Secondary Sources
2.5. Forecasting Methodology
2.6. Data Triangulation & Validations
2.7. Assumptions and Limitations
3. Executive Summary
3.1. Overview of the Market
3.2. Overview of Key Market Segmentations
3.3. Overview of Key Market Players
3.4. Overview of Key Regions/Countries
3.5. Overview of Market Drivers, Challenges, Trends
4. Voice of Customer
5. India Hospital Beds Market Outlook
5.1. Market Size & Forecast
5.1.1. By Value
5.2. Market Share & Forecast
5.2.1. By Product Type (General Beds, Pediatric Beds, Birthing Beds, Respiratory Beds, ICU Beds, Bariatric Beds, Others)
5.2.2. By Technology (Electrical, Semi-Electric, Manual)
5.2.3. By Application (Intensive Care, Non-Intensive Care)
5.2.4. By Treatment (Acute Care, Long-term Care, Critical Care, Others)
5.2.5. By Sector (Private, Public)
5.2.6. By Region (North, East, South, West)
5.2.7. By Company (2023)
5.3. Market Map
6. Region Analysis
6.1. North India Hospital Beds Market Outlook
6.1.1. Market Size & Forecast By Value
6.1.2. Market Share & Forecast By Product Type By Technology By Application By Treatment By Sector By States
6.2. South India Hospital Beds Market Outlook
6.2.1. Market Size & Forecast By Value
6.2.2. Market Share & Forecast By Product Type By Technology By Application By Treatment By Sector By States
6.3. West India Hospital Beds Market Outlook
6.3.1. Market Size & Forecast By Value
6.3.2. Market Share & Forecast By Product Type By Technology By Application By Treatment By Sector By States
6.4. East India Hospital Beds Market Outlook
6.4.1. Market Size & Forecast By Value
6.4.2. Market Share & Forecast By Product Type By Technology By Application By Treatment By Sector By States
7. Market Dynamics
7.1. Drivers
7.2. Challenges
8. Market Trends & Developments
8.1. Recent Development
8.2. Mergers & Acquisitions
8.3. Product Launches
9. India Hospital Beds Market: SWOT Analysis
10. Porter’s Five Forces Analysis
10.1. Competition in the Industry
10.2. Potential of New Entrants
10.3. Power of Suppliers
10.4. Power of Customers
10.5. Threat of Substitute Products
11. Competitive Landscape
11.1. Midmark India Pvt. Ltd.
11.1.1. Business Overview
11.1.2. Treatment Offerings
11.1.3. Recent Developments
11.1.4. Key Personnel
11.1.5. SWOT Analysis
11.2. Stryker India Pvt. Ltd.
11.3. Paramount Bed India Pvt. Ltd.
11.4. Arjohuntleigh Healthcare India Private Ltd.
11.5. Hill Rom India Private Ltd. (Baxter International Inc.)
11.6. Gita Mediquip Pvt. Ltd.
11.7. Surgical Mall Of India Private Limited
11.8. Gentek Medical
11.9. Godrej Interio
11.10. GPC Medical Ltd
12. Strategic Recommendations13. About the Publisher & Disclaimer

Companies Mentioned

A selection of companies mentioned in this report includes:

  • Midmark India Pvt. Ltd.
  • Stryker India Pvt. Ltd.
  • Paramount Bed India Pvt. Ltd.
  • Arjohuntleigh Healthcare India Private Ltd.
  • Hill Rom India Private Ltd. (Baxter International Inc.)
  • Gita Mediquip Pvt. Ltd.
  • Surgical Mall Of India Private Limited
  • Gentek Medical
  • Godrej Interio
  • GPC Medical Ltd.