The Indian healthcare sector finds itself at the crossroads of prices, quality care and a holistic development. Each vertical deserves strategic intervention, as well as efforts centered in the forefront. In view of the growing health care needs of the people, the sector is adopting innovations and new models to meet the needs of today’s patients, diagnosing in many areas such as providers, medical technology / equipment, among others.
Hospital beds, including the patient care appliance, are growing rapidly in India & Medical Equipment Supplier in India. India is seeing the introduction of a new healthcare environment, though patient care equipment funds are struggling hard to take advantage of it. Thus there is an urgent need to address the challenges that prevent the sector from compromising on cost and care.
The Patient Care category includes hospital beds, including the latest smart beds, intensive care beds, trolleys, low tables, lights and other medical furniture. To equip Indian hospitals, both foreign and domestic players are making a huge contribution to their innovative and best-in-class patient care equipment and services.
Accessibility-enabled smart medical beds have the potential to become the center of advanced, comprehensive and patient-centered health care environments. According to P&S Market Research, the global hospital beds market is expected to grow to $ 4.6 billion by 2023. Hospitals are expected to be the most productive end-users of medical beds, with sales projected to reach $ 2300 million by the end of 2022. According to industry projections, in 2018, the Indian hospital beds market was estimated at Rs. 750 crore with 125,000 units. Hospital beds contribute 50% to the total hospital furniture industry. The fund is expected to grow 10-12 percent each year, with 12,000 – 130000 extra beds each year. Surgical or at least table and light segments also provide great opportunities. The Global Surgical Tables and Lights market is projected to exceed $ 1800 million by 2026, expanding at a CAGR of over 3% from 2018 to 2026. The Indian OT table market was estimated. 4550 units with sales of Rs 230.75 crore while 3800 units indigenous funds are 83.5 percent of the total market.
Challenges and Agreements
It is well-known fact that in private hospitals there is a steady increase in real estate, materials and other expenses. Real estate prices are high in metro cities and even in Tier II and III cities. Private hospitals are now under a lot of stress due to rising capital and operational costs. In such a scenario, when a new hospital project or infrastructure. Infrastructure is planned; higher costs on the hospital infrastructure compromise the costs on patient care equipment.
The high cost of setting up a Green Field Hospital bans them at other costs such as patient care equipment at the lower levels. Medical beds should be quality, comfortable and high-tech as they form an important part of the hospital’s infrastructure and patients spend most of their time in the compound. Despite this fact, hospitals fail to pay proper attention to it. For example, a portable bed is automatic and good, requiring two or three staff to replace patients, however, hospitals is reluctant to spend money on such good equipment. Aren’t we combining both qualities and care?
It is promising to note that government-run large hospitals have emerged as champions in adopting innovative and advanced patient care devices, including smart hospital beds. However, in the absence of immediate approval processes and timely payment methods, domestic players find the supply to the public sector unbalanced and it also hinders the way for further investment in R&D. There is a great need to create an industry-friendly business environment to deliver a new momentum to the field of patient care equipment.
With strong R&D, the sector is offering innovative solutions. For example, motorized or portable smart beds have changed the way hospitals handle this urgent need in the patient care system. With motor beds, the patient does not have to perform many body movements that play a role in the patient’s recovery. Such devices also reduce the length of admission to a patient’s hospital.