DELIVERY BEDS MARKET ANALYSIS

Delivery Beds MarketSize and Trends

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).

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

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%.

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

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: 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.

Market Trends