Dublin,eternal sunshine of the spotless mind mental illness Dec. 04, 2020 (GLOBE NEWSWIRE) -- The
"Hospital Beds - Global Market Trajectory & Analytics"
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In a Healthcare Crisis of this Magnitude, the World Scrambles to Add Hospital Beds. Market to Reach $5.2 Billion by the Year 2027
With the global contagion exerting immense pressure on healthcare systems, hospital beds have become the most coveted commodity along with ventilators and personal protective equipment like face masks, protective gowns & gloves. As the second wave of daily infections continue to rise and create demand for isolation wards and ICU care, a massive upward revision of demand for hospital beds is inevitable. Against this backdrop, the global market is projected to reach US$5.2 billion by the year 2027, trailing a post COVID-19 CAGR of 3.8% over the analysis period 2020 through 2027.
The year 2020 will witness the highest spike in annual growth at approximately 20.8%. With the onset of community spread in most countries, infections are increasing among the vulnerable population groups like the elderly and people with comorbidities like lung diseases, hypertension, diabetes and cardiovascular diseases.
These Immunocompromised sections of the population are at a higher risk of developing respiratory complications and pneumonia which require hospitalization, ventilation and oxygen support. In nursing homes and assisted living centers, COVID-19 mortality rates can be as high as 25% to 55%. With hospital beds per 1,000 people being less than desirable in most countries, there is a high risk of hospitals running out of beds to treat the critically ill.
In a country with 2.8 beds per 1000 people, 60% of adults infected in 6 months will require over 800% of current hospital beds to be emptied or new beds to be added. The doubling rate in countries worldwide is cause for concern as a lower doubling rate will stress and overwhelm the healthcare system. As of the ist week of June 2020, the doubling rate of infections in India, USA, Russia, Mexico, South Africa, Germany, United Kingdom was recorded at 13.1, 43.2, 19.8, 17.5, 13.2, 51.1, 48.8 days respectively.
Hospitals worldwide are scrambling to add hospital beds and ICU capacity beyond their normal capacities. In the United States, and other worst hit countries across the world, there is growing focus on policy initiatives aimed at converting existing buildings into fully functioning hospitals. Hotels, schools, stadiums, parks, parking lots and public assembly spaces are being converted into temporary patient-care facilities to ease the pressure on mainline hospitals.
The market is also benefiting from increased government funding to expand public health systems and policy decisions to reimburse reforms. For instance, the sweeping healthcare changes in the US healthcare system to address patient surge caused by COVID-19 led to the implementation of the Coronavirus Aid, Relief, and Economic Security Act (CARES Act). The Act allocated US$100 billion towards the establishment of a CARES Act Provider Relief Fund to support hospitals, other healthcare providers, and suppliers.
To bridge the gap between demand and supply, healthcare tech companies launch interactive data platforms and apps to analyze and monitor hospital bed capacity. For instance, Definitive Healthcare partnered with Esri to introduce an interactive data platform that provides information on the location and number of licensed beds, staffed beds, ICU beds, and total bed utilization rates in the US during the COVID-19 outbreak.
The need to add new hospital beds is especially critical for developing countries with less than adequate healthcare resources. India, the country with just 0.6 beds for every 1000 people, is already beginning to witness worrisome instances of preventable deaths due to shortages of available hospital beds. Lack of access to hospital beds can cripple timely care and treatment and in a pandemic of the current magnitude the ramifications can be devastating.
The world is in a race to boost hospital bed capacity to navigate the pandemic with minimal morality rates. Increasing hospital beds and throughput per bed remains the focus of healthcare systems across the world. Demand for hospital beds against this backdrop is spiraling as manufacturers scramble to ramp up production capacity. Laser-like focus is being shed on hospital supply chain issues, to ensure that supply of all critical care products, including ICU and med-surgical hospital beds, patient monitoring devices, and physical assessment tools and consumables meets the increased demand.
As the entire healthcare support system and value chain steps up to support COVID-19 response, hospital beds will witness growth in the coming years.
Key Topics Covered:
I. INTRODUCTION, METHODOLOGY & REPORT SCOPE
II. EXECUTIVE SUMMARY
1. MARKET OVERVIEW
Story continues
Impact of Covid-19 and a Looming Global Recession
Impact on Healthcare Sector Remains Mixed
Inexorable Rise in COVID-19 Cases Exhausts Supplies of Critical Medical Equipment and Hospital Beds
Triaging: A Relevant Strategy to Address Resource Shortage
With Governments Easing Lockdowns, Risk of Second Wave of COVID-19 Infections Looms Ahead
Hospital Beds: A Critical Part of Patient Care Environment
Outlook
Emerging Markets Drive Future Growth Opportunities
Factors Driving Growth by Bed type
Factors Influencing Demand for Beds: (Rating on a 1-10 Scale)
Electric Beds Witness Stronger Growth
Hospital Bed Density Worldwide: A Review
Need for New Hospital Constructions to Drive Demand
Rising Incidence of Chronic Diseases and Global Pandemics Contribute to Demand
Efficient and Cost-Effective Hospital Bed Design Continues to Gain R&D Focus
Competitive Landscape
Recent Market Activity
World Brands
2. FOCUS ON SELECT PLAYERS
Apothecaries Sundries Mfg. Co.
AKS Aktuelle Krankenpflege Systeme GmbH
Arjo AB
Antano Group S.R.L.
Amico Corporation
A.A. Medical
Advanced Instrumentations
AHF
Apex Health Care
Bakare Beds, Ltd.
3. MARKET TRENDS & DRIVERS
Surging Cases of COVID-19 Galvanize Demand for Smart Hospital Beds
Smart Beds Bring in a Transition to Healthcare Standards
Players Focus on Advanced Technologies for Improved Functionalities
Select Innovations
Progressive Mobility: A Growing Area of Focus in Bed Design
Safety Features Gain Significance in Bed Designing
Focus Grows on Beds Designed for Home Care
Manufacturers Focus on Designing Beds with Additional Features for Bariatric Patients
Birthing Beds Equipped with New Features to Ensure Safe and Easy Delivery
Rise in HAPU Incidence Results in Growing Emphasis on Pressure Relief Beds
Medical Tourism Offers Growth Opportunities in Emerging Markets
Growing Focus on Outpatient Care to Impact Bed Demand
Stylish and Adjustable Beds: An Evolving Area of Interest
Rise in Preference for Support Surface Versatility
Impact of Healthcare Expenditure on Market Growth
Burgeoning Geriatric Population Demand Greater Clinical Care
Growth in Obesity Numbers Drive Demand for Bariatric Beds
Increase in Birth Rate and Pediatric Population Offers Opportunities
PRODUCT OVERVIEW
Medical Beds
Types of Beds
Manual Beds
Semi-Electric Beds
Electric Beds
On the Basis of Specialty Functions
General Purpose Beds
Birthing Beds
Pediatric Beds
Bariatric Beds
Pressure-Relief Beds
4. GLOBAL MARKET PERSPECTIVE
III. MARKET ANALYSIS
GEOGRAPHIC MARKET ANALYSIS
IV. COMPETITION
Total Companies Profiled: 118
For more information about this report visit
https://www.researchandmarkets.com/r/wi9cmg
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CONTACT: CONTACT: ResearchAndMarkets.com Laura Wood, Senior Press Manager [email protected] For E.S.T Office Hours Call 1-917-300-0470 For U.S./CAN Toll Free Call 1-800-526-8630 For GMT Office Hours Call +353-1-416-8900
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【eternal sunshine of the spotless mind mental illness】Global Hospital Beds Market Report 2020: Market to Reach $5.2 Billion by 2027
人参与 | 时间：2024-09-29 12:31:13
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- 5%, led by a 17% increase in average ticket and a slight decline in traffic. Growth in the quarter reflected the impact of households stocking up on essentials like paper goods and cleaning supplies as the pandemic became a nationwide concern, along with strength in discretionary categories as the quarter came to a close and stimulus dollars and tax refunds were disbursed.
As shown below, the results in the quarter materially changed the trend in two-year stacked comps for each of the banners, along with a significant acceleration for consolidated comps.
The increase in consolidated comps was the primary driver of an 8% increase in revenues to $6.3 billion. The company ended the quarter with 15,370 locations, up less than 1% year-over-year. This reflects a 7% increase in Dollar Tree units, offset by a 4% decline in Family Dollar units.
The top-line results at each banner flowed through to their respective income statements, with Dollar Tree gross margins and operating margins declining year-over-year while Family Dollar gross margins and operating margins expanded year-over-year. On a consolidated basis, gross margins contracted by 120 basis points in the quarter to 28.5%, reflective of a shift to lower-margin consumables, tariff costs and the impact of markdowns from the Easter headwinds at the Dollar Tree banner. The company saw slight operating leverage on SG&A from higher comps, with the net result being an 80 basis point contraction in operating margins to 5.8%, with operating income declining 5% to $366 million. This is not adjusted for $73 million of pandemic-related costs, such as PPE supplies.
In the first quarter, the company opened 85 stores (net of closures) and completed 220 Family Dollar renovations to the H2 format. Importantly, comps at renovated Family Dollar stores continue to outpace the chain average by more than 10%. On the call, management indicated that they plan on reducing both the number of new store openings (from 550 to 500) and the number of H2 renovations (from 1,250 to 750) in 2020.
Personally, given the fact that Family Dollar is seeing material benefits to its business from the pandemic with new or lapsed customers coming into its stores, I think the company should try to get more aggressive with its renovation plans, not less. On the other hand, you could argue that renovations cause short-term disruptions and limit their ability to fully capitalize on the business momentum they are currently experiencing.
As a result of fewer new stores and remodels, management now expects 2020 capital expenditures to total $1.0 billion compared to previous guidance of $1.2 billion. In addition, the company has temporarily suspended share repurchases. At quarter's end, the company had $1.8 billion in cash on its balance sheet compared to $4.3 billion in total debt.
Conclusion
In recent years, Dollar Tree has been a tale of two cities. While its namesake banner has generally delivered impressive financial results, Family Dollar has been a persistent underperformer. This quarter, those results flipped, and given what we've seen in the weeks since quarter's end, there's a decent possibility that we will see something similar in the coming months. As the CEO noted, the second quarter is off to a very good start at Family Dollar.
Here's the important question: how useful is that information is in terms of making future predictions about the business? Will recent success at Family Dollar translate into long-term success for the banner? The optimistic take is that new or lapsed customers, especially those visiting the renovated stores, could become recurring business for the banner. The pessimistic take is that they have experienced short-term success out of necessity as people went to any store that was open to try and find essentials like toilet paper and hand sanitizer that were largely out of stock throughout the retail landscape. From that view, many of these customers could abandon the retailer when life returns to normal. As Philbin noted on the conference call, early on [during the pandemic], folks needed us. Will people still shop as much at Family Dollar when it's no longer a necessity?
Personally, I do not place too much weight on the recent results. I will need to see incremental data points that indicate that Family Dollar has truly won sustained business from these new customers. While I still believe that the Dollar Tree banner is a well-positioned retailer with attractive unit returns, I'm not yet willing to say the same thing for Family Dollar. For that reason, along with the recent run-up in the stock price, I plan on staying on the sidelines for now.
Disclosure: None
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