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Asia-Pacific Hospital Beds Market to witness Massive Growth by 2022 | P&S Intelligence
Some of the significant factors driving the hospital beds market in the region include, surge in the aging population, rising prevalence of chronic diseases, and improving hospital infrastructure.
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Hospital beds are being utilized for various types of treatments such as acute care, critical care and long-term beds, acute care beds held the largest share of the hospital beds market in the region, in 2015.
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Adding to above factors, increase in the R&D spending is also one of the various factors that drives the demand for hospital beds in the region. In China, the government encourages the players in the market to create their own technologies as well as channelize the same from outside countries. As a part of a 2016-2020 health five-year plan, China will add 89,000 new hospital beds in the country. In terms of hospitals beds it was seen that Taiwan had 32 acute mental health beds and 59 chronic mental health beds per 100,000 population respectively. This depicted an increase of 21% in the mental health beds from 2003 to 2013, as reported by the Commonwealth Fund in 2014.
Some of the factors hampering the growth of the hospital beds market in the region are high cost of hospital beds, injuries associated with hospital beds and advancements in the pharmaceutical sector may also lead to significant reduction in hospital admission.
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