SEATTLE, May 06, 2020 (GLOBE NEWSWIRE) -- According to Coherent Market Insights, the global delivery beds sales market is estimated to be valued at US$ 422.63 million in 2020 and is expected to exhibit a CAGR of 2.8% during the forecast period (2020-2027).
Key Trends and Analysis of the Global Delivery Beds Sales Market:
The global delivery beds sales market is expected to witness significant growth, owing to increasing birth rate, globally. For instance, in 2016, as per the Central Intelligence Agency (CIA) World Factbook, the average number of births was 18.5 births/1,000 population, globally.
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Moreover, health care sector in the emerging economies has been experiencing substantial growth over the past decade, in order to improve the quality of health infrastructure and address health service capacity gaps. For instance, according to World Bank data 2013, health care expenditure in MENA is projected to reach US$ 144 billion by 2020.
The increasing government initiatives for advancing healthcare infrastructure is expected to drive the market growth over the forecast period. For instance, in January 2019, National Health Services published its long term Health Infrastructure Plan (HIP) to transform hospital care in the U.K. Moreover, six new hospitals will be built from 2020 to 2025 in different regions of the U.K. under the Health Infrastructure Plan1 (HIP1), while another 34 hospitals will be built from 2025 to 2030 under the Health Infrastructure Plan2 (HIP2) in the U.K. Thus, the National Health Services has planned to open around 40 hospitals in different cities of the U.K. within next 10 years, which is expected to boost growth of the delivery beds sales market over the forecast period
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Key Market Takeaways:
Key players operating in the global delivery beds sales market include
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Market Segmentation:
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