Critical Care Medical Beds and Stretcher Market Highlights 2020-2029

Market Segmentation

Our in-depth analysis of the global critical care medical beds and stretchers market includes the following segments:

By Equipment Type

Beds
Stretchers

By Application

General Medical & Surgical Hospitals
Specialty Hospitals
Clinics
Others

Growth Drivers

Increase in population having co-morbidities and affected by recent Covid-19 outbreak
Rising geriatric population on a global scale

Challenges

Disruption of Supply Chain and Logistics due to Rapid Spread of Covid-19
Lack of Government spending in Healthcare in Lower Economic Regions

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Critical Care Medical Beds and Stretcher Market Regional Synopsis

Geographically, the market is segmented into North America, Latin America, Europe, Asia Pacific and the Middle East & Africa region. The market in the Asia Pacific is predicted to grow at the highest CAGR over the forecast period owing to the high requirement of critical care medical beds and stretchers due to rapid increase in the Covid-19 associated admissions. Furthermore, in 2021, the market in North America is evaluated to occupy the largest share in terms of revenue, owing to the high number of Covid-19 cases, accompanied by the presence of leading manufacturers of critical care medical beds and stretchers in the region. Along with this, North America also has a very strong healthcare system, which is also expected to contribute to the market growth in the region. Alternatively, the market in Europe is also anticipated to occupy a significant share in the critical care beds and stretchers market on account of rising elderly population and a high incidence of Covid-19 in the region. As per the analysis of Eurostat, an agency of European Union, in 2019, more than one fifth of the Europe’s population was aged 65 and over.

Critical-Care-Medical-Beds-and-Stretchers-Market-Size

The critical care medical beds and stretchers market is further classified on the basis of region as follows:

North America (U.S. & Canada) Market size, Y-O-Y growth & Opportunity Analysis
Latin America (Brazil, Mexico, Argentina, Rest of Latin America) Market size, Y-O-Y growth & Opportunity Analysis
Europe (U.K., Germany, France, Italy, Spain, Hungary, Belgium, Netherlands & Luxembourg, NORDIC, Poland, Turkey, Russia, Rest of Europe) Market size, Y-O-Y growth & Opportunity Analysis
Asia-Pacific (China, India, Japan, South Korea, Indonesia, Malaysia, Australia, New Zealand, Rest of Asia-Pacific) Market size, Y-O-Y growth & Opportunity Analysis
Middle East and Africa (Israel, GCC (Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman), North Africa, South Africa, Rest of Middle East and Africa) Market size, Y-O-Y growth & Opportunity Analysis

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Top Featured Companies Dominating the Market

Stryker Corporation
- Company Overview
- Business Strategy
- Key Product Offerings
- Financial Performance
- Key Performance Indicators
- Risk Analysis
- Recent Development
- Regional Presence
- SWOT Analysis

Hill-Rom Holdings Inc.
Getinge AB
Invacare Corporation
Paramount Bed Holdings
Medline Industries Ltd.
LINET Group SE
Joerns Healthcare LLC
Howard Wright Limited

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Global Economic Impact

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Despite Inflation & Fearing Recession, Businesses Across the Globe Expected to Do Better in 2023:

In 2023, market players might incur losses due to huge gap in currency translation followed by contracting revenues, shrinking profit margins & cost pressure on logistics and supply chain.
Controlling Inflation has become the first priority for global economies from last quarter of 2022 and to be followed in 2023. With skewed economic situations, rise in interest rate by governments to control spending and inflation, spiked oil and gas prices, high inflation, geo-political issues including U.S. & China trade war, Russia-Ukraine conflict to intensify the global economic issues.
The interest rates in the U.S. may be less sensitive in 2023 as compared to 2022; sigh of relief for businesses. Positive business sentiments, healthy business balance sheets, growth in construction spending (private construction value in 2022 stood at $1,429.2 billion, 11.7 percent (±1.0 percent) above the $1,279.5 billion spent in 2021, Residential construction in 2022 was $899.1 billion, up by 13.3 percent (±2.1 percent) from $793.7 billion in 2021, non-residential construction touched $530.1 billion, 9.1 percent (±1.0 percent) above the $485.8 billion in 2021.) showcases minimal impact of recession in the country.
Similarly, spiked spending in the European and major Asia economics including, India, China & Japan to showcase less impact on the global demand.

Key Questions Answered in the Report

1) What are the major factors driving the growth of the critical care medical beds and stretcher market?

Ans: Increase in population having co-morbidities and affected by recent Covid-19 outbreak and rising geriatric population on a global scale are the key factors driving market growth.

2) What would be the CAGR of critical care medical beds and stretcher market over the forecast period?

Ans: The market is anticipated to attain a high CAGR over the forecast period, i.e., 2021-2029.

3) What are the challenges affecting the critical care medical beds and stretcher market growth?

Ans: 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 estimated to hamper market growth.

4) Which region will provide more business opportunities for growth of critical care medical beds and stretcher market in future?

Ans: 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 estimated to hamper market growth.

5) Who are the major players dominating the critical care medical beds and stretcher market?

Ans: The major players dominating the critical care medical beds and stretchers market are Stryker Corporation, Hill-Rom Holdings Inc, Getinge AB, and Invacare Corporation among others.

6) How are the company profiles selected?

Ans: The company profiles are selected on the basis of revenues generated from the product segment, geographical presence of the company which determine the revenue generating capacity as well as the new products being launched into the market by the company.

7) What are the segments in the critical care medical beds and stretchers market?

Ans: The market is segmented by equipment type, application and region.

8) Which segment under the application segment captures the largest market size in the critical care medical beds and stretchers market?

Ans: With respect to application, the general medical and surgical hospitals segment is anticipated to hold the largest market share owing to the fact that they have strong financial capabilities for purchasing expensive and large number of critical care devices at the same time.