Critical Care Medical Beds and Stretcher Market size is projected to witness lucrative growth rate during the forecast period i.e., between 2024-2036.
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.
Growth Drivers
Challenges
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Base Year |
2023 |
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Forecast Year |
2024–2036 |
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Regional Scope |
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The critical care medical beds and stretcher 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. On the basis of application, the general medical and surgical hospitals segment in the critical care medical beds and stretcher 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.
Our in-depth analysis of the global market includes the following segments:
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Equipment Type |
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Application |
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Geographically, the critical care medical beds and stretcher market is segmented into North America, Latin America, Europe, Asia Pacific and the Middle East & Africa region. The market in the North America industry is anticipated to dominate majority revenue share by 2036, owing to presence of leading manufacturers 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 critical care medical beds and stretcher 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.
Author Credits: Radhika Pawar
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