DUBLIN--(BUSINESS WIRE)--The "Medical Mattress Market Forecast to 2028 - COVID-19 Impact and Global Analysis By Product Type and End-User" report has been added to ResearchAndMarkets.com's offering.
The medical mattress market was valued at US$ 6470.3 million in 2021 and is projected to reach US$ 10236.7 million by 2028; it is expected to grow at a CAGR of 6.8% from 2021 to 2028.
Medical mattresses are convenient structures that provide support to the body of a patient or person. The mattresses help take proper sleep and rest. Therefore, they play an essential role in fast recovery of patients suffering from many spine and other diseases.
Based on end-user, the global medical mattress market is bifurcated into residential and commercial. The residential segment held a larger share in 2020. Installing a hospital bed in home is a good option for patients who need home care. The appropriate medical mattress is a crucial component for successfully managing home care.
The right medical mattress for home use addresses various issues, such as pressure sores, back pain, and the risk of falling out of bed. Sleep is important for patients' recovery and maintaining good health. Medical mattresses for home use also facilitate quality sleep in ways that a standard mattress cannot. All these factors are creating demand for medical mattresses from the residential segment.
In 2020, Asia Pacific accounted for the largest share in the medical mattress market. The medical mattress market in Asia Pacific is segmented into Australia, China, India, Japan, South Korea, and the Rest of Asia Pacific. A few of the major factors driving the medical mattress market in the region are the rising incidence of infectious, chronic, and noncommunicable diseases; increasing population; and augmenting economic power.
The rising longevity, urbanization, and poor lifestyles are contributing to a tremendous increase in noncommunicable diseases in South-East Asia. Most common noncommunicable diseases are cardiovascular diseases, diabetes, cancer, and chronic respiratory diseases. As per World Economic Forum, the global population is aging, with Asia Pacific likely to see the most rapid growth in older citizens between 2021 and 2050. These factors are anticipated to bolster the medical mattress market in the region during the forecast period.
The ongoing COVID-19 pandemic has negatively influenced the growth of the medical mattress market owing to various factors such as the shortage of raw material and labor, and the shutdown of factories. The manufacturers of medical mattresses faced difficulties during the initial months of the pandemic.
However, the countries are reviving their operations. Besides, a surge in the traffic of COVID-19 patients in the hospitals has created a huge demand for medical mattress during the pandemic. Also, the growing demand for the medical mattress in numerous applications along with significant investments by prominent manufacturers is predicted to bolster the medical mattress market growth globally in the coming years.
Blue Chip Medical Products, Inc.; Blake Medical; Desco Medical; Icare Medical Group; Invacare Corporation; LINET; Medline Industries, Inc.; Narang Medical Limited.; Paramount Bed Holdings Co., Ltd.; and TEKVOR-CARE GMBH are among the well-established players operating in the global medical mattress market.
Reasons to Buy
- Highlights key business priorities in order to assist companies to realign their business strategies.
- The key findings and recommendations highlight crucial progressive industry trends in the global medical mattress market, thereby allowing players to develop effective long-term strategies.
- Develop/modify business expansion plans by using substantial growth offering developed and emerging markets.
- Scrutinize in-depth the market trends and outlook coupled with the factors driving the market, as well as those hindering it.
- Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to products, segmentation, and industry verticals.
Key Market Dynamics
Market Drivers
- Increase in Geriatric Population
- Increasing Number of Diseases in Humans Influences Need for Medical Mattress
Market Restraints
- Availability of Low Cost Substitute Product
Market Opportunities
- New Product Innovations
Future Trends
- Investments in Healthcare Sector by Various Economies around World
Company Profiles
- Blue Chip Medical Products, Inc.
- Blake Medical
- Desco Medical
- Icare Medical Group
- Invacare Corporation
- LINET
- Medline Industries, Inc.
- Narang Medical Limited.
- Paramount Bed Holdings Co., Ltd.
- TEKVOR-CARE GMBH
For more information about this report visit https://www.researchandmarkets.com/r/t4up55
