Research Nester released a report titled “Critical Care Medical Beds and Stretcher Market: Global Demand Analysis & Opportunity Outlook 2029” which delivers detailed overview of the critical care medical beds and stretcher market in terms of market segmentation by equipment type, application and region.
Further, for the in-depth analysis, the report encompasses the industry growth indicators, restraints, supply and demand risk, along with detailed discussion on current and future market trends that are associated with the growth of the market.
The critical care medical beds and stretcher market is projected to grow with a high CAGR during the forecast period, i.e., 2021-2029 on account of the increasing elderly population and the rising incidence of Covid-19. As per World Health Organization, till 8th April 2021, there have been 132,730,691 confirmed cases of Covid-19, including 2,880,726 reported deaths.
The market is segmented by equipment type into [beds (electric, semi-electric, low beds, manual and others) and stretchers (four fold stretcher, neck up cervical collar, self-loading stretcher, integrated pediatric and adult spine board, and others]. Among these segments, the critical care medical beds segment is anticipated to hold the largest share by the end of 2021 in the critical care medical beds and stretchers market as a result of its high demand for critical care.
On the basis of region, the market is segmented into North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa, out of which, the critical care medical beds and stretchers market in the Asia Pacific is projected to grow at the highest CAGR throughout the forecast period. Currently, the market in North America holds the largest share. This can be attributed to the presence of leading manufacturers in the region, especially in the United States, who are extensively involved in the research and development for innovative equipments.
Increasing Ageing Population and Surge in Covid-19 cases to Drive Market Growth
According to the United Nations, it is estimated that by 2050, every one in six people will be 65 years or older, i.e., 16% of the total world population. Along with this, the number of persons above 80 years or older is also projected to triple by the end of 2050.
Age is one of the most predominant risk factors for any kind of disease. It has been observed that persons with 65 years of age or older are more vulnerable for getting severely affected by Covid-19. Additionally, the rising need to build a strong healthcare infrastructure by developing countries is also expected to boost the market growth in upcoming years. However, disruption of supply chain and logistics due to rapid spread of Covid-19 and lack of government spending in healthcare in lower economic regions are some of the factors that are estimated to restrain market growth in the near future.
This report also provides the existing competitive scenario of some of the key players of the critical care medical beds and stretcher market which includes company profiling of Stryker Corporation (NYSE: SYK), Hill-Rom Holdings Inc. (NYSE: HRC), Getinge AB, Invacare Corporation (NYSE: IVC), Paramount Bed Holdings (TYO), Medline Industries Ltd., LINET Group SE, Joerns Healthcare LLC, and Howard Wright Limited. The profiling enfolds key information of the companies which encompasses business overview, products and services, key financials and recent news and developments. On the whole, the report depicts detailed overview of the critical care medical beds and stretchers market that will help industry consultants, equipment manufacturers, existing players searching for expansion opportunities, new players searching possibilities and other stakeholders to align their market centric strategies according to the ongoing and expected trends in the future.
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