DELIVERY BEDS MARKET ANALYSIS

Global delivery beds market is estimated to be valued at US$  455.9 Million in 2023, exhibiting a CAGR of 2.9% during the forecast period (2023-2030).

Analysts’ Views on Global Delivery Beds Market

Global delivery beds market growth is supported by partnerships between birth centres and digital health companies. For instance, in April 2022, Carrum Health, the first digital health company to connect employers and employees to Centers of Excellence (COEs) via a technology-powered platform, has launched its first maternity care benefit in Minneapolis and St. Paul in collaboration with The Minnesota Birth Center. They will work together to provide a comprehensive maternity care episode for low-risk moms and their babies, including prenatal care, labor and delivery, and postpartum care, at a single cost for self-insured employers.

Figure 1. Global Delivery Beds Market Share (%), By Type, 2023

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Global Delivery Beds Market– Drivers

Rise In The Birthrate

Rise in the birth rate is the major factor driving the growth of the global delivery beds market over the forecasted period. For instance, according to U.S. Department of Health and Human Services 2023 report, in 2021, 3,664,292 births were registered in the U.S., a 1% increase over 2020. The overall fertility rate increased by 1% between 2020 and 2021, reaching 56.3 births per 1,000 women aged 15-44. Between 2020 and 2021, the birth rate for females aged 15 to 19 fell by 7%. In 2021, the total fertility rate increased by 1% to 1,664 births per 1,000 women. Prenatal care beginning in the first trimester increased to 78.3% in 2021, with cesarean delivery increasing to 32.1%.

Launch of new products by key market players

Key market players are focused on organic growth strategies such as new product launches which is further anticipated to strengthen the growth of the delivery beds market over the forecasted period. For instance, on February 09, 2023, Godrej & Boyce, the flagship company of the Godrej Group, announced that its business Godrej Interio, India’s leading furniture solutions brand, launched a unique healthcare birthing bed– ‘Solace’. The Solace Bed is an unique concept that allows for easy movement and alternating between different postures during the Labour, Delivery, Recovery, and Postpartum (LDRP) process. Godrej Interio's new range addresses the need to make birthing healthy for both the mother and carer. Currently, the brand generates more than 13% of institutional revenue from the healthcare industry and provides furniture solutions to over 100 hospitals and healthcare institutions across the country.

Figure 2. Global Delivery Beds Market Share (US$ Million), By Region, 2023

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Global Delivery Beds Market- Regional Analysis

Among region, Asia Pacific is estimated to hold a dominant position in the global delivery beds market over the forecast period. Asia Pacific holds 35.2% of the market share, attributed to the rise in number of birthss. According to Worldmapper 2022 Report, the world population reached 8 billion in 2022. In 2022, India had the most births (23 million), followed by China (10 million), Nigeria (8 million), Pakistan (6.4 million), and Indonesia (4.5 million). Other countries with the highest birth rates are the Democratic Republic of the Congo, Ethiopia, the U.S., Bangladesh, and Brazil.

Furthermore, foreign investments in leading maternity clinics is anticipated to support the development of delivery beds market in Asia Pacific region. For instance, in July 2021, NewQuest Capital Partners, a global a leading secondary private equity platform (later acquired by TPG, a global alternative asset firm in January 2022), announced the acquisition of a minority stake in Kids Clinic India Private Limited, which operates the Cloudnine hospital chain in India. Cloudnine is India's premier maternal, daycare, and fertility care facility. The company's headquarters are in Bengaluru, and it has 16 facilities in Gurgaon, Noida, Chandigarh, Panchkula, Chennai, Mumbai, and Pune.

Global Delivery Beds Market– Impact of Coronavirus (COVID-19) Pandemic

Since the COVID-19 virus outbreak in December 2019, the disease spread to over 100 countries across the globe, and the World Health Organization declared it a public health emergency on January 30, 2020.

COVID-19 affected the economy in three main ways: by directly affecting the production and demand of delivery beds, by creating disruptions in supply chains, and through its financial impact on firms and financial markets. Due to nationwide lockdowns, several countries such as China, India, Saudi Arabia, the U.A.E., Egypt, and others faced problems regarding transportation of materials from one place to another.

The COVID-19 pandemic had a negative economic impact on the global delivery beds market, owing to decrease in people visits to the hospitals due to lockdown and fear among individuals regarding the viral infection. According to a study published in Lancet, a general medical journal, a reduction of 43.2% was observed in hospitalization of pregnant women during the lockdown period compared with the control period (Jan 15–March 24, 2020) and a 49.8% reduction compared with the same calendar period from the previous year. The study also reported a decrease in referred obstetric emergencies by 66.4%.

Global Delivery Beds Market- Segmentation

Global Delivery Beds Market  is segmented into Type, End Users, and Region

Based on Type, the market is segmented into powered delivery beds, hydraulic delivery beds, and manual delivery beds. Out of which, the powered segment is expected to hold a dominant position in the global delivery beds market during the forecast period, owing to ease of operation and advance facilities offered by powered delivery beds.

Based on End Users, the market is segmented into hospitals, maternity clinics, and gynaecology clinics. Out of which, the hospitals segment is expected to hold a dominant position in the global delivery beds market during the forecast period, attributed to availability of skilled healthcare professionals and streamlined reimbursement policies. 

Based on Region, the market is segmented into North America, Latin America, Europe, Asia Pacific, Middle East, and Africa. Out of which, the Asia Pacific segment is anticipated to register the highest market share over the analysis period, owing to new product launches by key market players and rise in the healthcare expenditure.

Among all segmentation, the powered delivery beds segment has the highest potential due to increase in the number of new product launches across the globe.

Global Delivery Beds Market- Cross Sectional Analysis

Among end users, hospitals segment is anticipated to hold a dominant position in North America region. Hospitals are focused on increasing their patient capacity by constructing new buildings, which is expected to drive the segment growth over the forecast period. For instance, in December 2022, Orlando Health South Lake Hospital, announced the completion of its new 95-bed patient tower. At the start of 2022, the Orlando Health South Lake Centre for Women's Health added seven new postpartum beds as part of the expansion. In phase two of the project, four additional labour and delivery beds will be added, along with expanded women's services, to meet Lake County's growing healthcare needs.

Global Delivery Beds Market- Key Developments

On March 13, 2023, Connecticut's Government, proposed a new bill allowing free-standing birth centres over hospitals in order to expand maternal healthcare. The bill would allow for the operation of free-standing birth centres in Connecticut as an alternative to traditional hospitals. The bill, one of several considered during a Public Health Committee establish a licencing structure for birth centres, which are free-standing facilities designed to handle delivery of low-risk pregnancies at a lower cost than hospital-based births.

Global Delivery Beds Market: Key Trends

Increasing Government Intiatives for Improving Declining Birth Rate

Decline in birthrate poses to the economy as it increases the burden on healthcare system and reduces the labor workforce. To support the declining birthrate in the Chinese provinve, the Government of China abolished its one child policy in 2016, and promoted couples to  to have two children. Moreover, in July 2022, a policy document issued by the Chinese government stated that an integrated approach would be taken to support marriage and make it easier for couples to have up to three children. The new measures include encouraging employers to allow flexible hours and the option for employees with children to work from home.

Couples with children under the age of three will also be eligible for tax breaks, in addition to those with school-age children. The document urges local governments to develop a comprehensive package of support measures, including tax breaks, insurance, education, housing, and job opportunities, to encourage people to have children. The aforementioned factors are anticipated to create lucrative opportunities for market players over the analysis period.

Global Delivery Beds Market: Restraint

Lack of Services in Underdeveloped Regions

Lack of skilled healthcare professionals and labor services in underdeveloped regions such as Africa and Middle East is expected to hamper the market development over the analysis period. According to news published by The Ghanaian Standard on March 17, 2023, pregnant women in Buli, a community in the Wa West District, have expressed dissatisfaction with the community's Community-based Health Planning and Services (CHPS) facility due to a lack of delivery beds. They claim that a lack of beds and a poor state of the delivery room have hampered their access to skilled delivery services.

Market players can target these underdeveloped regions thus, it will assist them in increasing their market share globally.

Global Delivery Beds Market- Key Players

Major players operating in the global delivery beds market are Hill-Rom, Inc., Promek Medical, Vivipar GmbH, ArjoHuntleigh,  Lojer Oy, United Surgical Industries, Midmark India Pvt. Ltd., HEMC (Hospital Equipment Manufacturing Company), Zhangjiagang Medi Medical Equipment Co. ltd., Fanem Ltda, Pardo,  Dixion distribution of medical devices GmbH, Medi Waves INC, Jiangsu Yongfa Medical Equipment Technology, Godrej Interio, KANGHUI MEDICAL TECHNOLOGY, MESPA, Famed Żywiec, BiHealthcare, Torontech Group International, LINET, and Drive DeVilbiss Healthcare

Definition: Delivery beds are specially designed beds that are utilized in hospital and nursing settings to provide comfort to pregnant women during child birth.