Press release
Middle East & Africa Hospital Beds Market to be Worth $175 Million by 2030
Meticulous Research®-a leading global market research company, published a research report titled, 'Middle East & Africa Hospital Beds Market by Product (Bed, Accessories), Technology (Manual, Powered, Smart), Type of Care (Rehabilitative, Curative, Long-term), Healthcare Facility (Maternal, Pediatric, Critical, Homecare, Med-Surg) - Forecast to 2030.'Browse in depth @ https://www.meticulousresearch.com/product/middle-east-and-africa-hospital-beds-market-5740
According to this latest publication from Meticulous Research®, the Middle East & Africa hospital/medical beds market is projected to reach $175 million by 2030, at a CAGR of 6.8% during the forecast period. The growth of the Middle East & Africa hospital beds market is driven by the increasing number of hospitals, innovation in hospital beds, rising public/private partnerships in the healthcare sector, and the aging population along with the prevalence of chronic diseases. Moreover, the growing demand for home care, particularly for postoperative care, is anticipated to create market growth opportunities.
However, the increasing preference for minimally invasive surgical procedures may restrain the market's growth. Additionally, insufficient human resources and healthcare financing pose challenges to the market's growth.
Key Players
The key players profiled in the Middle East & Africa hospital beds market report are Stryker Corporation (U.S.), Hill-Rom Holdings Inc. (Part of Baxter International Inc.) (U.S.), Getinge AB (Sweden), Invacare Corporation (U.S.), Medline Industries, LP (U.S.), Stiegelmeyer GmbH & Co. KG (Germany), LINET Group SE (Netherlands), Drive DeVilbiss Healthcare (U.S.), Amico Corporation (U.S.), and Savion Industries (Israel).
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Hospital/Medical Beds Market in Middle East & Africa : Future Outlook
The Middle East & Africa hospital beds market is segmented by Product [{Beds, Accessories}, Technology {Powered Beds (Electric Beds, Semi-electric Beds), Manual Beds, Smart Beds}, Type of Care {Curative Care, Long-term Care, Rehabilitative Care}, Healthcare Facility {Critical Care Unit, Bariatric Care Unit, Long-term Care Unit, Homecare Settings, Med-surg Care Unit, Pediatric Care Unit, Maternal Care Unit}], and country. The study also evaluates industry competitors and analyzes the market at the country level.
Among all the products covered in the report, in 2023, the beds segment is expected to account for the largest share of the Middle East & Africa hospital beds market. Hospital beds are one of the fundamental requirements of any healthcare facility. Saudi Arabia and UAE have announced major healthcare transformation initiatives to prioritize healthcare accessibility and modernization of healthcare facilities; in which one of the priority areas is hospital expansions, which increased the demand for hospital beds. In 2023, nearly 1,200 hospital beds were added to Saudi Arabia's healthcare system, due to the launches of several health centers across the kingdom. (Source: Ministry of Health, Saudi Arabia), supporting the largest share in the market.
Among all the technologies covered in the report, in 2023, the powered beds segment is expected to account for the largest share of the Middle East & Africa hospital beds market. The powered beds segment is further sub-segmented into electric beds and semi-electric beds. In 2023, the electric beds segment is expected to account for the largest share of the powered hospital/medical beds market. The large market share of this segment is attributed to the high adoption of electric beds in the region due to their benefits, such as position adjustment, monitoring sensors, and fall detection features.
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Among all the types of care covered in the report, in 2023, the curative care segment is expected to account for the largest share of the Middle East & Africa hospital beds market. The large market share of this segment is attributed to the increasing demand for curative care, driven by the rising number of inpatient admissions at healthcare facilities, attributed to chronic and infectious diseases as well as physical injuries. For instance, according to IDF Diabetes Atlas Tenth Edition 2021, 4.3 million adults aged 20 to 79 in Saudi Arabia were living with diabetes in 2021. This number is projected to reach 5.6 million by 2030 and further to 7.5 million by 2045. As diabetes increases the number of hospital admissions and readmissions, increasing diabetes prevalence for curative care is supporting the largest share of the market.
Among all the healthcare facilities covered in the report, the homecare settings segment is expected to register the highest CAGR during the forecast period. This growth is attributed to the advantages associated with homecare settings, such as the absence of risks related to hospital-acquired infections, the ability to provide tailored and personalized patient care, and the cost-effectiveness of home healthcare when compared to traditional hospital care. Home healthcare is an effective and cost-efficient method of delivering care. The rising adoption of home healthcare is expected to drive the demand for home care supplies, including beds and related accessories, in the region.
Among all the countries covered in the report, the UAE is projected to register the highest CAGR during the forecast period. Factors such as the rising number of public or private hospitals, increasing healthcare expenditure, rising government investments, and increasing geriatric population are expected to drive the demand for hospital beds in the UAE.
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Meticulous Research® was founded in 2010 and incorporated as Meticulous Market Research Pvt. Ltd. in 2013 as a private limited company under the Companies Act, 1956. Since its incorporation, the company has become the leading provider of premium market intelligence in North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa.
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