Global Isolation Beds Market – Analysis and Forecast (2019-2025)
The global isolation beds market is growing at a CAGR of 7.0% during the forecast period (2020u20132025). The primary driver impacting the growth of the global isolation beds market is the rapid surge in infectious diseases across the globe. In recent times, several countries have witnessed outbreak of viral diseases such as severely acquired respiratory syndrome (SARS), E-Bola, H1N1 virus, and COVID 19 (coronavirus). The death rate of COVID-19 appears to be higher in comparison to normal seasonal flu, and it differs with respect to location. For instance, at the epicenter (Hubei province, China) the death rate was 2.9%, whereas at other provinces it was 0.4%. Download Free Report Sample At: https://www.vynzresearch.com/healthcare/isolation-beds-market/request-sample The sudden outbreak of corona virus 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. As the global epidemic spreads on a larger scale, the countries other than China stated experiencing shortage of isolation beds as traditional beds canu2019t fulfill the requirement. For instance, Italian local authorities were told to free ICU beds for COVID-19 infected patients. By March, 2020, around 80% of the hospital beds in Lombardy, Italy were occupied with COVID-19 patients. The government authorities globally have allotted funds towards COVID-19 in following manner Germany is expected to incur USD 808 Billion, France USD 50 billion, Spain USD 223 Billion, the U.K. USD 14.8 Billion that are also the worst hit economies in the world from COVID-19. Furthermore, Brazil is anticipated to spend USD 144 Billion, Switzerland USD 42.6 Billion, Austria USD 42 Billion and Canada government allotted USD 82 Billion towards recovering from COVID-19 situation. As a result of huge initiatives undertaken by government authorities across the globe to fight COVID-19 is significantly attributing towards the growth of isolation beds market. Read More: https://www.vynzresearch.com/healthcare/isolation-beds-market 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. For instance, in March 2020, Asset Homes announced to offer isolation beds to the Indian based hospitals, owing to the current situation of coronavirus outbreak. Previously, in June 2017, Savaria Corporation, acquired Span-America Medical Systems Inc., to increase its product portfolio in the U.S.
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