The increase in disposable income of people around the world have made them opt for better lifestyle, food habits, and get access to better medical facilities available. This, according to Fortune Business Insights’ new report is a major factor boosting the global patient room furniture market. The report is titled, “Patient Room Furniture Market Size, Share and Global Trend by Department (Day Care Department, Emergency Department, Acute Care, Rehabilitation Department, Intensive Care Unit, Others), by Type (Storage, Chairs, Beds, Others), by End User (Hospitals, Specialty Clinics, Ambulatory Surgery Centers, Long Term Care Centers, Others) and Geography Forecast till 2026”.
According to the report, the hospitals segment is dominating the market in 2018 and is anticipated to continue doing the same in the coming years. This is due to the rise in number of patient pool taking admission in hospitals for longer stay and avail required treatment.
Segmentation
By Department
By Type
By End-User
By Geography
Key Insights
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Launch of Early Sense by Hill-Rom Services Expected to Intensify Market Competition
Major strategies adopted by vendors include strategic collaborations, merger and acquisitions, new furniture launch, and installation of technology in furniture. To cite and example, the company Hill-Rom Services launched a smart bed named Early Sense in December 2018. This smart bed is incorporated with Early Sense’s continuous monitoring system. This will help to lower the “code-blue”-related cardiac arrests by a percentage of 86% and mortality percentage by 83%. Such inventions, based on smart technology are anticipated to bring lucrative growth opportunities for the global market in the long run.
Some of the companies operating in the global patient room furniture market include
Key questions answered in the Patient Room Furniture Market report:
What will the market growth rate of Patient Room Furniture Market in 2025?
What are the key factors driving the Global Patient Room Furniture Market?
What are sales, revenue, and price analysis of top manufacturers of Patient Room Furniture Market?
Who are the distributors, traders and dealers of Patient Room Furniture Market?
Who are the key vendors in Patient Room Furniture Market space?
What are the Patient Room Furniture Market opportunities and threats faced by the vendors in the Asia Patient Room Furniture Market?
What are sales, revenue, and price analysis by types, application and regions of Patient Room Furniture Market?
What are the market opportunities, market risk and market overview of the Patient Room Furniture Market?
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