Medical Pediatric Bed Market
Due to inorganic tactics like acquisition, agreements, and other agreements to improve its position in the industry, the worldwide market for medical paediatric beds is anticipated to develop considerably over the course of the forecast period.
For instance, the Pegasus Health Company, a top supplier of medical equipment, stated on August 11, 2022 that it had been bought by the Linet group, a maker of hospital and nursing beds. The primary goal of this purchase was to increase Linet group’s market share in Australia and provide consumers in New South Wales, Australia, with its entire array of premium services.
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Impact
Over 100 nations have been infected with the illness since the COVID-19 viral outbreak in December 2019. On December 31, 2019, a COVID-19 epidemic was first observed in Wuhan, China. According to the World Health Organization’s Coronavirus (COVID-19) Weekly Epidemiological Update, as of August 23, 2022, there has been 596,873,121 confirmed cases of COVID-19, with 6,459,684 fatalities.
The worldwide medical paediatric bed market has shrunk during the COVID-19 pandemic due to COVID-19’s effects on paediatric healthcare use and disease dynamics.
According to information from the National Center for Biotechnology Information, a study was carried out in a tertiary care hospital in July 2022 to compare the trends in the use of paediatric healthcare and immunisation services, changes in the disease profiles, and outcomes between the pre-COVID-19 period and the COVID-19 period. In western Odisha, India, a tertiary care hospital was the setting for this retrospective observational research.
Between the pre-COVID-19 era (April 2019 to March 2020) and the COVID-19 period, data were gathered retrospectively from various hospital registries and evaluated using relevant statistical techniques (April 2020 to March 2021).
According to the study, compared to the pre-COVID-19 era, there was a 60%, 49.8%, 51.1%, and 25.5% drop in outpatient attendance, indoor paediatric admissions, admissions to nutritional rehabilitation centres, and admissions of newborns. The percentage of paediatric beds occupied fell by 54.5%. Unfavorable outcomes, such as mortality, were substantially more common among hospitalised children. Additionally, during the pandemic, a significant number of preterm and low birth weight infants were brought to a specialised newborn care facility.
As a result, the COVID-19 pandemic significantly decreased the need for newborn and paediatric healthcare.
Over the course of the forecast period, rising government funding for the installation of paediatric beds and amenities in hospitals is anticipated to fuel market expansion.
For instance, in June 2021, Nirmala Sitharaman, India’s finance minister, announced US$232,200 million in funding for the healthcare industry. This investment would be used to support short-term emergency preparedness, with a focus on children’s and paediatric care.
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Key Takeaways
Over the course of the forecast period, the market for medical paediatric beds worldwide is anticipated to grow at a 6.5% CAGR (2022-2030).
To increase their product offerings in the market, major market players are concentrating on implementing a variety of inorganic development tactics, such as product launches and agreements. For instance, Linet, a significant European producer of hospital and nursing beds, stated in December 2021 that it would be offering a safe area for tiny patients’ children’s beds Tom 2, which is completely compatible with the new children’s bed standard EN50637:2017. A special hospital bed created for paediatric patients is called Tom 2. It may be utilised in both acute care and the intensive care unit and is entirely electrically powered.
Due to technological improvements, the Electric type is anticipated to have the biggest market share over the projection period. The market for electric products is projected to be worth US$ 6,441.6 million in 2022 and to grow at a CAGR of 8% to US$ 10,872.4 million by 2030.
A few of the major companies competing in the global medical paediatric bed market are Stryker Corporation, Meditek Engineers, Medline Industries Inc., Tychemed, Invacare Corporation, HARD Manufacturing Company, Inc., Linet, Sigma-Care Development Co., Ltd., Schröder Health Projects, PARAMOUNT BED CO., LTD., BiHealthcare, Stiegelmeyer GmbH & Co. KG, Zhangjiagang Medi Medical Equipment Co., ltd., Saikang Medical, MESPA, Guangdong Pigeon Medical Apparatus Co., Ltd., Nitrocare, and Savion Industries.
Table of Content
Chapter 1 Industry Overview
1.1 Definition
1.2 Assumptions
1.3 Research Scope
1.4 Market Analysis by Regions
1.5 Medical Pediatric Bed Market Size Analysis from 2022 to 2028
11.6 COVID-19 Outbreak: Medical Pediatric Bed Industry Impact
Chapter 2 Global Medical Pediatric Bed Competition by Types, Applications, and Top Regions and Countries
2.1 Global Medical Pediatric Bed (Volume and Value) by Type
2.3 Global Medical Pediatric Bed (Volume and Value) by Regions
Chapter 3 Production Market Analysis
3.1 Global Production Market Analysis
3.2 Regional Production Market Analysis
Chapter 4 Global Medical Pediatric Bed Sales, Consumption, Export, Import by Regions (2017-2022)
Chapter 5 North America Medical Pediatric Bed Market Analysis
Chapter 6 East Asia Medical Pediatric Bed Market Analysis
Chapter 7 Europe Medical Pediatric Bed Market Analysis
Chapter 8 South Asia Medical Pediatric Bed Market Analysis
Chapter 9 Southeast Asia Medical Pediatric Bed Market Analysis
Chapter 10 Middle East Medical Pediatric Bed Market Analysis
Chapter 11 Africa Medical Pediatric Bed Market Analysis
Chapter 12 Oceania Medical Pediatric Bed Market Analysis
Chapter 13 South America Medical Pediatric Bed Market Analysis
Chapter 14 Company Profiles and Key Figures in Medical Pediatric Bed Business
Chapter 15 Global Medical Pediatric Bed Market Forecast (2022-2028)
Chapter 16 Conclusions
Research Methodology
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