A medical bed is a bed that is specifically designed for patients who require health care or hospitalized patients. The patient's comfort and well-being as well as the convenience of health care workers are the special features of these beds.
Adjustable height for the entire bed, the feet, and the head, electronic buttons and adjustable side rails, to operate both the bed and other nearby electronic devices are common features of medical bed
Global Medical Pediatric Bed Market is estimated to be valued at US$ 10,560.00 Mn in 2022 and is expected to exhibit a CAGR of 6.5% over the forecast period (2022-2030).
Figure 1. Global Medical Pediatric Bed Market Value (US$ Mn), by Type, 2022
Figure 1.1 Global Medical Pediatric Bed Market Value (US$ Mn), by Type, 2030
Figure 2. Global Medical Pediatric Bed Market Value (US$ Mn), by Features, 2022
Figure 2.1. Global Medical Pediatric Bed Market Value (US$ Mn), by Features, 2030
Global Medical Pediatric Bed Market Restraint
Increasing product recalls by regulatory authorities is expected to hamper growth of the global medical pediatric bed market over the forecast period.
For instance, in May 2021, the U.S. Food and Drug Administration (FDA) issued a notice to recall CUB Pediatric Crib. CUB Pediatric Crib intended to provide a pediatric patient support surface for medical purposes and to provide a method of transporting pediatric patients within a healthcare facility. The CUB Pediatric Crib is manufactured by Stryker Corporation, a medical technologies corporation.
|Base Year:||2021||Market Size in 2022:||US$ 10,560.0 Mn|
|Historical Data for:||2017 to 2020||Forecast Period:||2022 to 2030|
|Forecast Period 2022 to 2030 CAGR:||6.5%||2030 Value Projection:||US$ 17,433.4 Mn|
Meditek Engineers, Tychemed, HARD Manufacturing Company, Inc., Sigma-Care Development Co., Ltd., PARAMOUNT BED CO., LTD., Stiegelmeyer GmbH & Co. KG, Saikang Medical, Guangdong Pigeon Medical Apparatus Co., Ltd. , Savion Industries, Nitrocare, MESPA, Hebei Jiede Medical Equipment Co., Ltd., Zhangjiagang Medi Medical Equipment Co., ltd., BiHealthcare (Zhangjiagang Braun Industry Co., Ltd.), Schröder Health Projects, Linet, Invacare Corporation, Medline Industries Inc., and Stryker Corporation.
|Restraints & Challenges:||
Global Medical Pediatric Bed Market – Impact of Coronavirus (Covid-19) Pandemic:
COVID-19 has spread at an alarming rate around the world. It is a huge damage on the global economy, on both the manufacturing and service sectors, and damage on the labour force. The impact of COVID-19 is tremendous due to the concentration of economic activities, demographics, and urbanization
For instance, in July 2021, the Government of Karnataka, India, dictated the 100 bed Pediatric Intensive Care Unit at Indira Gandhi Institute of Child Health, Bengaluru, which was funded by Cognizant foundation, one of the channels of Cognizant's Corporate Social Responsibility, to COVID-19 affected children and infants.
The Pediatric Intensive Care Unit facility at Indira Gandhi Institute of Child Health increased from 30 to 100 beds in response to the dire need for providing lifesaving care to children and infants affected by COVID-19.
Moreover, this initiative is a part of Cognizant Operation C3, the company’s COVID-19 rapid response program to combat the pandemic, aimed at protecting the health and safety of its associates, their families, and supporting vulnerable communities.
Global Canine Atopic Dermatitis Treatment Drugs Market- Regional Insights
On the basis of region, the global medical pediatric bed market is segmented into North America, Latin America, Europe, Asia Pacific, Middle East, and Africa. North America is expected to hold a dominant position in the medical pediatric bed market over the forecast period, due to high rate of premature births and presence of a highly structured healthcare industry in the region.
For instance, in 2020, According to Center for Disease Control and Prevention, the U.S. was estimated to have high incidence of premature births. In 2017, the rate of preterm birth was 1 in 10 babies, in U.S.
Major players operating in the global medical pediatric bed market include Meditek Engineers, Tychemed, HARD Manufacturing Company, Inc., Sigma-Care Development Co., Ltd., PARAMOUNT BED CO., LTD., Stiegelmeyer GmbH & Co. KG, Saikang Medical, Guangdong Pigeon Medical Apparatus Co., Ltd., Savion Industries, Nitrocare, MESPA, Hebei Jiede Medical Equipment Co., Ltd., Zhangjiagang Medi Medical Equipment Co., ltd., BiHealthcare (Zhangjiagang Braun Industry Co., Ltd.), Schröder Health Projects, Linet, Invacare Corporation, Medline Industries Inc., and Stryker Corporation.
A medical bed is a bed that has been specifically designed for hospitalized patients or other people who require care. These beds have unique features that benefit both the patient's comfort and the convenience of caregivers.
Pediatric patients require products that are appropriate for their size and level of comfort. Pediatric beds are intended for infants, toddlers, and young children who are patients in hospitals and homecare centers.
Pediatric beds and their features keep infants, toddlers, and young children from climbing over side rails, falling through openings, or becoming trapped in a way that protects them from harm while also allowing the caregiver access during treatment.
All pediatric beds are designed to make the hospital environment comfortable for both the child and the nurse. Unique features of medical bed provide excellent combination of functionality, ergonomy and safety and simplify daily work of hospital staff and increase patient outcomes.
Global medical pediatric bed market is estimated to be valued at US$ 10,560.0 Mn in 2022 and is expected to reach US$ 17,433.39 Mn by 2030 exhibiting a CAGR of 6.5% during the forecast period (2022-2030).
Increasing incidence of preterm birth admissions, rising incidence of preterm births and corresponding efforts to increase their survival rates boosting demand for pediatric beds and increasing adoption of inorganic growth strategies such as mergers, acquisitions, partnerships, and collaborations by key players operating in market are the major factors that are expected to drive growth of the global medical pediatric bed market.
Increasing incidence of preterm birth admissions is expected to drive the market over the forecast period
For instance, according to data published in the journal Research Square, a study was conducted in Uganda from 2015 to 2019 to estimate the annual incidence of preterm birth admissions in February 2022.
According to the study, the national annual incidence, in Uganda of preterm birth admissions/1,000 LB had increased significantly from 3 in 2015 to 14 in 2019. The annual incidence of preterm birth admissions/1,000 LB increased significantly in three Ugandan regions (Central Region, Western Region and Northern Region)
Key features of the study:
“*” marked represents similar segmentation in other categories in the respective section.