Malaysia Hospital Beds Market to Grow with a Double Digit CAGR until 2026
Surge in demand of robotic hospital beds is driving the growth of Malaysia Hospital Beds Market, in the forecast period.
According to TechSci report on, “Malaysia Hospital Beds Market By Type (Electric Beds, Semi-electric Beds, Manual Beds) By Usage (Acute Care Beds, Psychiatric Care Beds, Long-Term Care Beds, Others) By Application (Intensive Care v/s Non-Intensive Care) By End User (Hospitals, Home Care Settings, Elderly Care Settings, Others) By Region, Competition Forecast & Opportunities, 2026”,Malaysia hospital beds market has shown promising growth in historical years until 2019 and is expected to continue its growth in upcoming forecast years 2021 to 2026. Malaysia hospital beds market owes its growth to the factors like surge in the demand of the hospital beds to overcome the rising number of COVID patients. Multiple temporary healthcare facilities are set up in the country under the government predicament, as the number of patients suffering from respiratory failure due to the viral infection from the SARS CoV-2 (coronavirus). Moreover, the rapidly developing medical facilities of the country is driving the growth of the Malaysia hospital beds market exponentially in the next five years.
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The Malaysia hospital beds market is segmented by type, usage, application, end user, regional distribution, and competitional landscape. Based on usage, the market is further bifurcated into acute care beds, psychiatric care beds, long term care beds, and others. Acute care beds are the hospital beds that are often utilized for the treatment of the patients that require the facility for a short term of treatment or to cure an acute symptom. Acute care hospital beds are not much advanced and often termed as emergency beds. These beds are utilized in the emergency and trauma wards of the hospital, it is required in temporary bedding situations. It is expected that the acute care beds may hold the largest shares of the market on the account of its multiple uses as well as the frequency of changes in the bedding facility. Moreover, the rising number of the temporary settlements for the treatment of the COVID patients, may support the aggressive growth of the Malaysia hospital bed market in the upcoming five years. Psychiatric care beds are anticipated to hold significant shares of the market sue to increasing number of patients suffering from severe psychiatric conditions. These patients often require restraining for the administration of the drugs, to hold them from harming themselves and other, and to keep control during a psych episode. Thus, these hospital beds are specifically designed for the psychiatric wards and psychiatric hospitals only. Long term care beds are for the patients that are suffering from the chronic diseases or are under the complete observation and help of a caretaker. These patients are often unable to move limbs, perform functions like sitting or laying on their own, and require aid to support their postures. Long term care beds are specifically designed for such patients and are often used by the geriatric population along with other chronic patients in the hospitals, home care settings, or the elderly care settings.
A partial list of market player in the Malaysia Hospital Beds market includes, LKL Advance Metaltech Sdn Bhd (LKL International Berhad), Neolee Rehab Supply Sdn Bhd, Frago Impex Sdn. Bhd., Piyatech Sdn. Bhd., Stryker Corporation (Malaysia) Sdn Bhd, Victor Steel Equipment Sdn Bhd., ProMed Marketing Sdn Bhd, Nazmed Sdn Bhd, among others. These market players hold larger shares of the market than the new market players. With the advancement of the technology, it is appropriate to say that the effective research and development of the technologically advanced medical devices would support the market growth and benefit the market players as well as the consumers. New market players may focus on the research and development to provide devices that satisfies the consumer demand as well as benefits the market players in building their brand value. Other competitive strategies include mergers & acquisitions and new product developments.
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“Malaysian healthcare industry is still developing and the scope of the establishment of a new market player along with open strategies are available in Malaysia healthcare market. Technological advancement is slowly growing, and the demand of medically equipped staff and facility is also taking over the market. New market player may establish themselves with the advancing technology. Although the surge in the number of patients suffering from COVID has rapidly increase and thus has the surge in the demand for the hospital beds. Where government and private healthcare facility are setting up temporary camps for the treatments of the patients, cheaper, more viable options of hospital beds to combat any future pandemic or similar epidemic has raised general concerns that can provide better opportunity for the market players,” said Mr. Karan Chechi, Research Director with TechSci Research, a research based global management consulting firm.
“Malaysia Hospital Beds Market By Type (Electric Beds, Semi-electric Beds, Manual Beds) By Usage (Acute Care Beds, Psychiatric Care Beds, Long-Term Care Beds, Others) By Application (Intensive Care v/s Non-Intensive Care) By End User (Hospitals, Home Care Settings, Elderly Care Settings, Others) By Region, Competition Forecast & Opportunities, 2026” has evaluated the future growth potential of Malaysia hospital beds market and provides statistics & information on market size, structure and future market growth. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges, and opportunities in Malaysia hospital beds market.
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