India needs estimated 2.2m hospital beds over next 15 years
The Indian Medical Furniture Market size is projected to grow at a CAGR of 8.9% during 2022-2028 as the healthcare sector is rapidly witnessing growth with 2.2 million beds required over next 15 years. The industry size has reached Rs.27.7 lakh crore in 2022.
India’s hospital bed density is less than half the global average of 3 hospital beds per 1,000 population, implying that an estimated 2.2 million beds will be required over the next 15 years in the country, according to a report by ResearchAndMarkets.
Also, rapid urbanization, increasing geriatric population, disposable income and increasing per capita income is contributing significantly to the market growth.
The Indian medical furniture market is expected to drive positively during the forecast period due to rising number of chronic diseases along with increasing number of hospitals and clinics, according to the report released 28 Dec 2022.
The report pointed out that Chennai tops the list for medical tourism in India and has been termed the country’s health capital.
Multi and super-specialty hospitals across the city bring in an estimated 150 international patients every day.
The report profiled:
Arjo Huntleigh Healthcare India Pvt Ltd.
Paramount Bed India Pvt Ltd.
Stryker India Pvt Ltd.
Narang Medical Ltd.
PMT Healthcare Pvt Limited.
Meditech Technologies India Private Limited.
Midmark India Pvt Ltd.
United Surgical Industries.
Gita Mediquip Pvt Ltd.
GPC Medical Limited.
Godrej & Boyce Mfg Co Ltd. fiinews.com
