Vietnam Hospital Beds Market to Grow Due to Technological Advancement until 2026 | TechSci Research

Advancing healthcare industry is driving the growth of Vietnam Hospital Beds Market, in the forecast period, 2022-2026.

According to TechSci report on, “Vietnam 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”, Vietnam 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. Vietnam hospital beds market owes its growth to the factors like government aid toward provision of technologically advanced hospital beds.

Moreover, the surge in the demand for the hospital beds in the private hospitals is further driving the growth of the Vietnam hospital beds market in the upcoming five years. Research and technological advancement such that the hospital beds are fitted with monitors, devices to facilitate the movement of the patient for inclined rest as well as sitting positions, etc. is also inclining the demands and thereby supporting the growth of the Vietnam hospital beds market in the next five years.

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The Vietnam hospital beds market is segmented by type, usage, application, end user, competitional landscape, and regional distribution. Based on usage, the market is further fragmented into acute care beds, psychiatric care beds, long-term care beds, and others. Acute care beds are anticipated to hold the largest revenue shares of the market and dominate the market segment on the backbone of rapidly increasing number of chronic and communicable diseases in the next five years.

Moreover, the number of accidents and road accidents are increasing at an alarming rate and is anticipated to surge the demand for the acute care beds and thus support the growth of the Vietnam hospital beds market in the upcoming five years. Long-term beds are anticipated to hold significant revenue shares of the market and show substantial growth in the upcoming five years due to rising number of chronic diseases and patient that require bed rest for long period of time. Moreover, the surging number of homecare setting is also driving the growth of the Vietnam hospital beds market in the next five years.

Based on type, the market is further bifurcated into electric beds, semi-electric beds, and manual beds. Manual beds are anticipated to hold the largest revenue shares of the market and assert its dominance over the market in the upcoming five years on the account of rising demands from the increasing number of patients suffering from COVID-19. The demand is also rising from the increasing number of various healthcare centers, clinics, and temporary settlements to provide patient care. Electric beds are expected to register fastest growing CAGR in the next five years on the backbone of surging demands for the same in the private hospitals. Rising disposable income is also influencing the growth of the Vietnam hospital beds market. Technological advancements in the hospital beds are also actively supporting the growth of the Vietnam hospital beds market in the future five years of forecast until 2026.

A partial list of market player in the Vietnam hospital beds market includes Curex Mediwell Vietnam, Bao Anh Medical Equipment Joint Stock Company, Platz Vietnam Co., Ltd., Stryker Corporation Vietnam, Paramount Bed Vietnam Co., Ltd., Armephaco Joint Stock Company, among others. These market players hold larger shares of the market than the new market players. With the evolving technology, it is appropriate to say that the effective research and development of the technologically advanced hospital beds and methods to satisfy consumer demands 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 such infrastructure and services 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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“Vietnam healthcare sector growing in the recent yeas and the services are effectively aiding the patients in the country as well as the patient visiting the country for medical tourism. Additionally, the government is actively working to improve the healthcare facility for the patient in the provincial hospitals with methods like skill trainings, and doctor rotation programs along with the provision of world-class amenities like hospital beds, etc.

Infrastructure upgrades, reimbursement facilities and liberation of rules regarding private investment in healthcare facilities is further driving the growth of the healthcare sector and thus supporting the growth of the Vietnam hospitals market in the upcoming five years. New market players entering the market must focus on the investment in research and development for the hospital amenities, medical devices, etc. Availability of the technologically advanced hospital beds would support their future brand establishment,” said Mr. Karan Chechi, Research Director with TechSci Research, a research based global management consulting firm.

“Vietnam 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 Vietnam 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 Vietnam hospital beds market.

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