Impact of covid-19 on the Hospital Furniture Market
We have observed the massive impact of novel coronavirus on people’s lives over the last five months. It has also impacted various industries across the globe, eventually affecting the global economy. Some industries have experienced negative growth, whereas some industries have experienced tremendous demand and have generated massive revenues in this period. One of such positively impacted sector is hospital furniture and equipment.
It will be inaccurate to say that before COVID-19, all the healthcare systems across the world had adequate hospital infrastructure to support the respective patient population. However, some of the developed countries like the US, Canada, Germany, the UK, and Japan had enough resources to manage and treat the patient population.
The World Health Organization declared COVID-19 a pandemic and global emergency in March 2020. By this time, the affected population was in thousands, which led to massive shortage in hospital furniture, including hospital beds, ICU beds, stretchers, wheelchairs, sanitation tools, and emergency workstations.
None of the healthcare systems were equipped with enough resources to support such a sudden rise in the hospitalization of patients.
Even though the cumulative number about the total number of bed usage post COVID-19 is not available at the moment, it is estimated that the requirement of the hospital beds, including critical care beds and ICU beds, has increased by at least ten folds in these majorly affected countries.
According to the data obtained from the National Health Profile (NHP),
Initiatives taken by NON-HEALTHCARE sectors to fight back covid-19
The list mentioned above is only the tip of the iceberg, and many initiatives such as these are being taken all over the world. As makeshift hospitals are being built in each country, the requirement for hospital furniture has skyrocketed ever since, and several NGOs and private companies have organized fundraising events to fulfill the requirement of the required medical supplies.
Source: OECD, MRFR Analysis
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