Europe and North America will fuel the demand for the patient isolation units market.
According to the latest Arizton's market research report, the patient isolation units market size to cross over USD 65 million by 2026, growing at a CAGR of around 13% during the forecast period.
Patient Isolation Units Market Growth Analysis
Ebola, Swine Flu, COVID-19, and the outbreak of other communicable diseases have created public awareness and is driving demand in the patient isolation units market. The need to quickly increase the isolation capabilities of hospitals and containment centers has fueled the demand for portable patient isolation rooms and pods. The advances in diagnostic tools and assays have increased with early detection, isolation, precautions, and treatment of infectious patients, which is contributing to the growth of the patient isolation units market. The growth in the aging population is expected to surge the demand for specialty hospitals, clinics, and nursing and old age homes, where both positive and negative pressure portable patient isolation systems will find adoption, thus witnessing new sales and revenues in the market.
Read: Vital Signs Monitoring Devices Market - Global Outlook and Forecast 2020-2025
Interesting Facts to Know:
- ISOVAC Products, which offers CAPSULS - portable patient isolation unit, sold over 150 isolation chambers to the Brazilian government in 2016. These isolation chambers were sold for USD 14,000 in 2016.
- As of October 2020, India had the second-highest number of active COVID-19 cases, and the country also has a target of getting its bed ratio to 2 beds per 1,000 people. This translates to over 2.7 million beds in the coming years. Such developments bode well for improvements of infectious patient isolation systems as well, including portable patient isolation solutions.
- Europe and North America may have the highest elderly population, evident from the fact that by 2050, one in four persons living in these regions could be aged 65 and above. This in turn, will fuel the demand for patient isolation units market.
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- Market Size & Forecast by Revenue | 2020−2026
- Market Dynamics – Leading trends, growth drivers, restraints, and investment opportunities
- Segmentation – A detailed analysis by product, end-user, readiness, and geography
- Competitive Landscape – 22 Prominent Vendors Profiled in the report
European Region is Leading the Patient Isolation Units Market
Europe is known for its innovations in manufacturing and technology sectors concerning the rate of adoption of innovative and technological products. The rising investment and government spending in the healthcare industry is propelling the growth of the patient isolation units market in the region. Europe is also known to offer high-quality healthcare benefits and has several large and good hospitals. The prospects for vendors manufacturing portable patient isolation products are bright as there are several factors that will uplift the production capabilities in the region. The overall development in the healthcare infrastructure presents lots of opportunities for the adoption of innovative, effective, and convenient patient isolation solutions thereby, driving the demand for patient isolation units in the European region.
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Strategies Adopted by Players in the Patient Isolation Units Market
Players in the patient isolation units market is extensively investing in R&D and product development activities to expand their product portfolio. Arizton estimates that patient isolation units market players will grow by acquiring regional or local players offering complementing technologies in future years. The players must focus on developing new technologies and remain abreast of upcoming innovations to have competitive advantage over other players. The global hospital construction market is witnessing similar trends related to code compliance and increased focus on patient satisfaction. The competition among companies is intensifying, which will soon lead to the introduction of many innovative and advanced solutions in the market.
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