The rising number of
investments in healthcare facilities across the globe is likely to massively
impel medical
bed market. In order to provide advanced medical care to the patients,
many regional and state governments are investing heavily in healthcare
infrastructure development. For instance, the Australian state government has
provided a funding of USD 470 million to construct a 195-bed Victorian Heart
Hospital, which could be one of world’s leading healthcare facility centers for
researchers and patients. Furthermore, the Medical University of South Carolina
(MUSC) has approved the construction of a new 128-bed hospital project worth
USD 325 million in the tri-county region.
Through this development, the
government plans to fulfill the increasing healthcare demands by providing high
quality and consistent care to patients, thereby enhancing medical bed market
share. Essentially, the significant involvement of private and government
organizations in healthcare infrastructure development and capacity expansion
will heavily augment medical bed industry share. Speaking of one more rather
pivotal instance, the renowned healthcare service provider, Trident Health,
currently is involved in six ongoing expansion projects. In fact, it has
invested USD 75 million in the Summerville Medical Center and Trident Medical
Center to expand its medical care facilities further. The aforementioned
instances vividly demonstrate that the ongoing healthcare infrastructure
expansion projects will stimulate medical bed market trends over the years
ahead.
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Apart from facility
expansions, many of the giants in medical bed industry have been involving
themselves in strategic mergers and acquisitions to capture more business
space. For instance, Rowsley has recently signed a deal to acquire the
Singapore based healthcare service provider, Thomson Medical for S$1.6 bn.
Furthermore, it will also buy 70.36% shares in the Malaysian firm TMC Life
Sciences. TMC Life Sciences apparently plans to establish the Tropicana Medical
Center across Kota Damansara with three times more beds than its current
capacity. In addition to this, TMCLS is looking forward to developing Thomson
Iskandar Medical Hub comprising a 500-bed tertiary hospital in Johor Bahru. The
precedence demonstrates the growing requirement of healthcare services along
with changing demographics across South-East Asian region that would suitably
boost medical bed market outlook.
Browse key
industry insights spread across 150 pages with 122 market data tables & 14
figures & charts from this 2017 report Medical
Bed Market in detail along with the table of contents at:
The
increasing investment in infrastructure development in sync with the rising
demand for medical beds across several states of America, in turn, is shedding
a positive light on the regional medical bed industry share. For instance, the
Ohio State University based in Columbus is planning to build new ambulatory
center and hospital tower at Wexner Medical Center with an investment of more
than USD 2 billion. The proposed new hospital tower will comprise of 840 beds
with critical care units, emergency service units, and diagnosis & treatment
service areas. Depending on the board’s approval, the hospital is expected to
commence its operations by 2025, and contribute considerably toward the
regional medical bed market development. Further on, the homeless shelter
across the Eastern region of Iowa has also been demanding beds on a large
scale, owing to the surging prevalence of chronic mental health problems in the
region. The rising number of hospital admissions for effective diagnosis of
chronic diseases including diabetes, respiratory disorders, cardiovascular
diseases, and cancer is slated to propel medical bed industry size over the
coming years.
Many of the developed and
emerging economies have been taking initiatives to establish advanced
healthcare facilities to provide most effective, economic, and safe care
service to patients, which would contribute toward driving the revenue scale of
medical bed market. For instance, recently, the health department of the
Vietnam government unveiled the construction of a 550-bed general hospital
across Sơn La province. Furthermore, three new city hospitals have been
constructed across Qatar, deploying around 500 hospital beds. Given the ongoing
trends of healthcare infrastructure development, it has been estimated that the
overall medical bed market size will be pegged at USD 4 billion by the end of
2024.
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