October 14, 2020
As per the report titled ‘Isolation Beds Market Share, Size, Trends, Industry Analysis Report, By Type; By Usage; By End Use; By Regions; Segment F,orecast, 2020 - 2027’ available with Market Study Report, global isolation beds market is set to record a healthy growth rate during 2020-2027 and accumulate USD 5.22 billion at the end of the forecast duration.
Increased risk of infections to doctors and nurses in healthcare settings, growing prevalence of chronic care patients, and rising inclination towards homecare for elderly are augmenting global isolation beds market growth. Moreover, the ongoing public health emergency of Covid-19 is propelling the demand for isolation beds across the globe.
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According to the data published by John Hopkins University, as of 23rd June 2020, global cases of Covid-19 crossed 9 million with 471,000 reported deaths. Reliable sources cite that 60% to 70% of hospitals are procure isolation beds, along with masks, ventilators, and medical supplies. Although the demand for isolation beds has surged, the supply chain is tackling a plethora of challenges in meetings the requirements. Shortage of raw materials is turning out to be a major restraint on global isolation beds industry.
Proliferating cases of Covid-19 has compelled governments to chart alternative routes to increase isolation beds facilities. For instance, in March 2020, Spain converted IFEAM conference hall into a hospital with a capacity of 5,500 beds. Whereas, the Indian Railways, in April 2020, proceeded with conversion of train compartments into isolation wards. Such initiatives are positively impacting global isolation beds market outlook.
Geographically, global isolation beds market share is fragmented among North America (US, Canada), Europe (UK, Germany, France, Italy, Belgium, Spain), Asia Pacific (China, Malaysia, India, South Korea, Japan, Australia), Middle East & Africa (UAE, Saudi Arabia, South Africa, Israel), and Latin America (Colombia, Mexico).
Key player influencing global isolation beds industry trends are Malvestio S.p.A., Savion Industries, Span-America Medical Systems, Inc., Medline Industries, Inc., Gendron, Inc., Paramount Bed Holdings Co., Ltd., Hillrom Holdings, Inc., Stryker Corp., Joh. Stiegelmeyer GmbH & Co. KG, LINET Group SE, and ArjoHuntleigh, Joerns Healthcare LLC, and Invacare Corp.