MEDICAL PEDIATRIC BED MARKET ANALYSIS

A medical bed is a bed that is specifically designed for patients who require health care or hospitalized patients. The patient's comfort and well-being as well as the convenience of health care workers are the special features of these beds.

Adjustable height for the entire bed, the feet, and the head, electronic buttons and adjustable side rails, to operate both the bed and other nearby electronic devices are common features of medical bed

Global Medical Pediatric Bed Market is estimated to be valued at US$ 10,560.00 Mn in 2022 and is expected to exhibit a CAGR of 6.5% over the forecast period (2022-2030).

Figure 1. Global Medical Pediatric Bed Market Value (US$ Mn), by Type, 2022

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Figure 1.1 Global Medical Pediatric Bed Market Value (US$ Mn), by Type, 2030

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Figure 2. Global Medical Pediatric Bed Market Value (US$ Mn), by Features, 2022

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Figure 2.1. Global Medical Pediatric Bed Market Value (US$ Mn), by Features, 2030

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 Global Medical Pediatric Bed Market Restraint

Increasing product recalls by regulatory authorities is expected to hamper growth of the global medical pediatric bed market over the forecast period.

For instance, in May 2021, the U.S. Food and Drug Administration (FDA) issued a notice to recall CUB Pediatric Crib. CUB Pediatric Crib intended to provide a pediatric patient support surface for medical purposes and to provide a method of transporting pediatric patients within a healthcare facility. The CUB Pediatric Crib is manufactured by Stryker Corporation, a medical technologies corporation.

Global Medical Pediatric Bed Market – Impact of Coronavirus (Covid-19) Pandemic:

COVID-19 has spread at an alarming rate around the world. It is a huge damage on the global economy, on both the manufacturing and service sectors, and damage on the labour force. The impact of COVID-19 is tremendous due to the concentration of economic activities, demographics, and urbanization

For instance, in July 2021, the Government of Karnataka, India, dictated the 100 bed Pediatric Intensive Care Unit at Indira Gandhi Institute of Child Health, Bengaluru, which was funded by Cognizant foundation, one of the channels of Cognizant's Corporate Social Responsibility, to COVID-19 affected children and infants.

The Pediatric Intensive Care Unit facility at Indira Gandhi Institute of Child Health increased from 30 to 100 beds in response to the dire need for providing lifesaving care to children and infants affected by COVID-19.

Moreover, this initiative is a part of Cognizant Operation C3, the company’s COVID-19 rapid response program to combat the pandemic, aimed at protecting the health and safety of its associates, their families, and supporting vulnerable communities.

Global Canine Atopic Dermatitis Treatment Drugs Market- Regional Insights

On the basis of region, the global medical pediatric bed market is segmented into North America, Latin America, Europe, Asia Pacific, Middle East, and Africa. North America is expected to hold a dominant position in the medical pediatric bed market over the forecast period, due to high rate of premature births and presence of a highly structured healthcare industry in the region.

 For instance, in 2020, According to Center for Disease Control and Prevention, the U.S. was estimated to have high incidence of premature births. In 2017, the rate of preterm birth was 1 in 10 babies, in U.S.

Key Players

Major players operating in the global medical pediatric bed market include Meditek Engineers, Tychemed, HARD Manufacturing Company, Inc., Sigma-Care Development Co., Ltd., PARAMOUNT BED CO., LTD., Stiegelmeyer GmbH & Co. KG, Saikang Medical, Guangdong Pigeon Medical Apparatus Co., Ltd., Savion Industries, Nitrocare, MESPA, Hebei Jiede Medical Equipment Co., Ltd., Zhangjiagang Medi Medical Equipment Co., ltd., BiHealthcare (Zhangjiagang Braun Industry Co., Ltd.), Schröder Health Projects, Linet, Invacare Corporation, Medline Industries Inc., and Stryker Corporation.