The global isolation beds market is growing at a CAGR of 7.0% during the forecast period (2020–2025). 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%.
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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.
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.
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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