Global Medical Pediatric Bed Market, by Type (Electric Manual), by Features (Height Adjustable, Fixed Height, Trendelenburg), by End User (Hospitals, Nursing Home, Homecare), and by Region (North America, Latin America, Europe, Asia Pacific, Middle East, Africa), is estimated to be valued at US$ 10,560.0 Mn in 2022 and is expected to exhibit a CAGR of 6.5% over the forecast period (2022-2030), as highlighted in a new report published by Coherent Market Insights.
Global medical pediatric bed market is expected to grow significantly during the forecast period, owing to inorganic strategies such as acquisition, agreement, etc., to strengthen their position in the market, which is expected to boost the market growth over the forecast period.
For instance, on August 11, 2022, the Linet group, a manufacturer of hospital and nursing beds, announced that it had acquired Pegasus Health Group, a leading provider of healthcare equipment. The main reason behind this acquisition was to strengthen Linet group’s position in the Australian market and offer its full range of premium services to the customer in New South Wales, Australia.
Global Medical Pediatric Bed Market – Impact of Coronavirus (Covid-19) Pandemic
Since the COVID-19 virus outbreak in December 2019, the disease has spread to over 100 countries across the globe. COVID-19 outbreak was first reported on December 31, 2019, in Wuhan, China. According to the Coronavirus (COVID-19) Weekly Epidemiological Update by the World Health Organization, as of 23rd August 2022, there have been 596,873,121 confirmed cases of COVID-19, including 6,459,684 deaths.
Impact of COVID-19 on pediatric healthcare utilization and disease dynamics have decreased the global medical pediatric bed market during COVID-19 pandemic.
According to the data published in National Center for Biotechnology Information, in July 2022, a study was conducted to compare the trend concerning the utilization of pediatric healthcare and immunization services, changes in the profile of diseases, and the outcomes between the pre-COVID-19 period and the COVID-19 period in a tertiary care hospital. This retrospective observational study was conducted in a tertiary care hospital in western Odisha, India
Data were collected retrospectively from various hospital registers and analyzed using appropriate statistical procedures between the pre-COVID-19 period (April 2019 to March 2020) and the COVID-19 period (April 2020 to March 2021).
According to the study, there was a 60%, 49.8%, 51.1%, and 25.5% decrease in outpatient attendance, indoor pediatric admissions, nutritional rehabilitation centre admissions, and newborn admissions in the COVID-19 period compared to the pre-COVID-19 period. The rate of pediatric bed occupancy was reduced by 54.5%. In hospitalized children, unfavorable outcomes such as death were significantly higher. Furthermore, a high proportion of preterm and low birth weight babies were admitted to a special neonatal care unit during the pandemic.
Hence, the COVID-19 pandemic led to a significant reduction in neonatal and pediatric healthcare utilization.
Browse 40 Market Data Tables and 37 Figures spread through 198 Pages and in-depth TOC on “Global Medical Pediatric Bed Market”, By Type (Electric Manual), By Features (Height Adjustable, Fixed Height, and Trendelenburg), By End User (Hospitals, Nursing Home, and Homecare) By Region (North America, Latin America, Europe, Asia Pacific, Middle East, and Africa)
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Increasing funding by government authorities in order to set up pediatric beds and facilities in hospitals is expected to drive the market growth over the forecast period.
For instance, in June 2021, Finance Minister of India, Nirmala Sitharaman, announced funding of US$ 232, 200 million for healthcare sector which would focus on short term emergency preparedness with special emphasis on children and pediatric care.
Key Takeaways of the Global Medical Pediatric Bed Market: