Global Isolation Beds Market, COVID 19 Coverage — Analysis and Forecast to 2024

The global isolation beds market is growing at a CAGR of 7.0% during 2020–2025. Rapid explosion of COVID-19 disease globally is escalating the demand for isolation beds globally this has led to shortage of supply of these products and manufacturers are emphasizing their efforts towards enhancing its supply at a rapid pace.

With the sudden spike in the patients suffering from COVID-19, many players in the industry are intensively focused on delivering isolation beds at a rapid pace. To meet such high demand, Stryker is currently manufacturing 10,000 isolation beds per week to cater demand from healthcare facilities.

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When segmented on the basis of usage, the global isolation beds market is categorized into critical, bariatric, medical, surgery, pediatric, and maternal. The critical segment is expected to witness highest CAGR during the forecast period due to the rapid surge in COVID-19 patients.

According to the standard, manufacturing requires strict labelling, test method and classification for isolation beds. This innovation is out most important in the situation where coronavirus is at its peak globally and is further expected to prevail for which vital safety measures are to be implemented.

The sudden outbreak of coronavirus is the key factor driving the growth of global isolation beds market. The drastic changes occurring due to COVID-19 is impacting every individual globally as a result to which demand for isolation beds in isolation wards are increasing rapidly. World Health Organization (WHO) has urged all the manufacturers of isolation beds globally to increase the production of these equipment on an immediate basis. According to a report by WHO in March 2020, the number of coronavirus patients exceeded to 200000 and in almost after twelve days the number would exceed by 100000.

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Around the globe, Europe was the largest revenue contributor in the isolation beds market in 2019, due to the huge number of COVID-19 cases in the region. The demand for isolation beds has been exceeded by European Union in order to fight coronavirus. The demand of isolation beds from this region is 10 times more as compared to that what is available in stock. According to a report published by European Union, approximately 1,563,857 cases of COVID-19 till first week of April and total deaths registered in the region have been reported as 95,044.

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The key players operating in the global isolation beds market are Invacare Corporation, Joerns Healthcare, Arjo Huntleigh (Division of Gentige AB), LINET Group, Joh. Stiegelmeyer GmbH & Co. KG, Stryker Corporation, Hill Rom Inc., Paramount Bed Holdings Co., Ltd., Medline Industries, Gendron, Inc., Span-America Medical Systems, Inc., Savion Industries Ltd., Stiegelmeyer GmbH & Co. Kg, and Malvestio S.P.A.

These players in the isolation beds market are emphasizing their efforts upon strategic acquisitions in order to strengthen capabilities of research & development that supports them in providing innovative solutions to the users and thus gain competitive advantage.

Source: VynZ Research