Medical Pediatric Bed Market is predicted to grow from USD 3.21 billion in 2021 to USD 5.2 bn by 2030, at a CAGR of 5.51% during the forecast period.
The most common uses of medical beds are for exams, diagnosing illnesses, treating patients, and transporting patients. The patients' security and comfort were taken into consideration when designing these. Three types of medical beds are available: semi-electric, electric, and manual.
Medical beds are a vital component of the healthcare system and are highly prized items in patient care facilities. The aging of the population is one of the main factors driving the demand for hospital beds. The burden on healthcare services brought on by shifting demographics and illness trends is anticipated to increase the growth of Medical Pediatric Bed Market.
Market Dynamics:
Drivers:
Growing adoption of inorganic growth strategies, such as mergers, acquisitions, partnerships, and collaborations by key players operating in the market, as well as rising incidence of preterm birth admissions, rising incidence of preterm births, and corresponding efforts to increase their survival rates, are the main factors anticipated to fuel growth of the global medical pediatric bed market.
Restraints:
The expansion of the medical bed market in the target period is further expected to be hampered by the rising cost of speciality beds. This factor is negatively impacting the growth of Medical Pediatric Bed Market.
Opportunities:
According to estimates, the market for medical beds may expand in the years to come as a result of rising investment for healthcare infrastructure in developing nations and a rise in the number of medical beds available in private hospitals.
Key Players:
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Hill-Rom Services, Inc.
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Invacare Corporation.
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Medical Depot, Inc.
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Stryker Corporation
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Arjo
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Gendron Inc.
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GF Health Products, Inc.
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HARD Manufacturing Company, Inc.
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Umano Medical Inc.
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Transfer Master Products, Inc.
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American Medical Equipment.
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ProBed Medical Technologies
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Amico Group of Companies.
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Getinge AB.
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Anatno Group
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Merivaara
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Stiegelmeyer GmbH & Co. KG
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LINET.
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Paramount Bed Co., Ltd.
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Mobility Aids Sales and Services
Market Segmentation:
Medical Pediatric Bed Market, By Application
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Intensive Care
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Non-Intensive
Medical Pediatric Bed Market, By Type
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Electric Beds
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Semi Electric Bed
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Manual Bed
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By End-User
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Hospital
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Home Care
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Elderly Care
Medical Pediatric Bed Market, By Region
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North America
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Europe
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Asia-Pacific
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Latin America
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Middle East & Africa
Regional Analysis:
Europe controls the majority of the global market for medical beds. The major driving factor is the rising prevalence of patients with diabetes and cardiovascular disorders. The rising obesity rate in the region will also contribute to the growth of the market.
Asia-Pacific is expected to experience significant growth in the medical bed market. This is due to increase in the population's need for medical care. Additionally, it is projected that improvement in the healthcare infrastructure would further fuel the expansion of the medical bed market in the region.
Scope of the Report:
Report Coverage |
Details |
Base year |
2021 |
Forecast period |
2030 |
Growth momentum & CAGR |
Accelerate at a CAGR of 5.2% |
Regional analysis |
North America, Asia Pacific, Europe, Latin America, the Middle East, and Africa |
Current Market size |
USD 3.21 Billion |
Forecast market growth |
USD 5.2 Billion |
User
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Introduction
Our market research is an extensive, iterative process that takes into account a combination of primary and secondary research tools with the aim of minimizing deviation and producing the most precise estimate and prediction. For the future course of action, this approach meticulously outlines the actual changes and industry trends. It gives incredibly valuable data that is drawn from the insights and opinions of analysts and professionals. Our papers include in-depth research and analysis based on several factual inputs obtained from expert interviews, accurate data, and local information.
Market Size Estimation
The overall size of the market has been estimated and validated using both top-down and bottom-up methods. The sizes of other market subsegments have also been thoroughly estimated using these methodologies.
In the top-down technique, the market is divided into segments based on the percentage share of each segment. This method assisted in determining the size of each segment's market. The market size of each segment and its sub-segments was then divided into regional market sizes. This Approach helps mainly with the new Product Launch. It uses Multi-variate Regression Model coupled with Vendor based primary research inputs to forecast to the Market Size.
In the Bottom-Up approach, comprehensive study of key players has to be done wherein we add the market size of the major key players to understand the national market size which helps to determine the regional market size and eventually the complete market size. Companies annual report along with data from paid and unpaid resources like reports from government agencies and organizations like world bank provide the data for this approach.
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