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HEALTHCARE & PHARMACEUTICAL

Critical Care Medical Beds and Stretcher Market Segmentation by Equipment Type [Beds (Electric, Semi-Electric, Low Beds, Manual and Others) and Stretchers (Four Fold Stretcher, Neck Up Cervical Collar, Self-Loading Stretcher, Integrated Paediatric and Adult Spine Board, and Others]; and by Application (General Medical & Surgical Hospitals, Speciality Hospitals, Clinics, and Others) – Global Demand Analysis and Opportunity Outlook 2021-2029

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Extensive insights into the Growth of Critical Care Medical Beds and Stretcher Market amidst COVID-19

Before we witness the stabilization of economic growth in Europe and North America, Asia Pacific is estimated to bounce back progressively with countries such as China, India, South Korea and Japan witnessing more opportunities to recover from the losses sustained during COVID-19.

Being the biggest market in Eastern Europe, Russia is estimated to take the lowest hit, offering a sigh of relief to the businesses operating in the country. Whereas, GCC is estimated to observe low investments due to the sliding prices of crude oil.

We evaluate the strategies and commitment of the Giant Players in the market towards creating products and services that customers value and rely on.

In an attempt to control and eliminate the surge of coronavirus cases and meet the demand for required medical devices along with providing efficient medical services, there is a drastic shift of investments from authoritative bodies towards the healthcare sector. Where the aftermath of this pandemic may take years to be measured, Research Nester estimates notable expansion of e-health, gaming, and media and entertainment industries till the whole situation is contained and the plan of action for the recovery process is determined. There is an estimated probability of the growth in businesses going back a year if the condition is controlled in the next 2-3 months.                                                         Request Insights

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Critical Care Medical Beds and Stretcher Market Highlights 2020-2029

The critical care medical beds and stretcher market is estimated to grow with a high CAGR during the forecast period, i.e., 2021-2029. The increase in population having co-morbidities and affected by recent Covid-19 outbreak, along with the rising geriatric population on a global scale are expected to fuel the progress of this market. The growth of the market can also be attributed to factors such as rise in number of road accidents across the world which, resultantly increase the number of admissions into critical care. According to the data collected from World Health Organization, till 8th April 2021, there have been 132,730,691 confirmed cases of Covid-19, including 2,880,726 deaths reported to the organization.

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

The market is segmented based on equipment type [beds (electric, semi-electric, low beds, manual and others) and stretchers (four fold stretcher, neck up cervical collar, self-loading stretcher, integrated paediatric and adult spine board, and others]; and by application (general medical & surgical hospitals, speciality hospitals, clinics, and others), out of which, the critical care medical beds segment is anticipated to grab the largest share by the end of 2021 on account of its high demand for critical care. Moreover, the manufacturing of critical care medical beds has also seen a sharp rise along with development of affordable beds, which is also projected to contribute to the growth of the segment during the forecast period. CLICK TO DOWNLOAD SAMPLE REPORT

On the basis of application, the general medical and surgical hospitals segment in the critical care medical beds and stretchers market is projected to grow with a significant CAGR over the forecast period. The growth of the segment can be attributed to the fact that general medical and surgical hospitals have strong financial capabilities for purchasing expensive and large number of critical care devices at the same time along with availability of trained professionals to operate these devices.

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

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

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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