Report : Asia Pacific Medical Mattress Market Forecast to 2028 - COVID-19 Impact and Regional Analysis By Product Type (Foam, Spring, and Others) and End-User (Residential and Commercial)
Commercial segment has the Largest Share of End User in the Asia Pacific Medical Mattress Market during 2021–2028
According to a new market research study on “Asia Pacific Medical Mattress Market to 2028 – COVID-19 Impact and Regional Analysis and Forecast by Product Type, End User and Country” is expected to reach US$ 3,835.4 million by 2028 from US$ 2,379.3 million in 2021. The market is estimated to grow at a CAGR of 7.1% from 2021 to 2028.The report provides trends prevailing in the Asia Pacific medical mattress market along with the drivers and restraints pertaining to the market growth. The growth of this market is estimated to increase in geriatric population and increasing number of diseases in humans, however, the market is expected to experience slow growth during the forecast period owing to disruption in supply chain cycle and trade bans.
The Asian economies have been hit hard due to the pandemic. The governments of various Asia-Pacific economies are taking possible steps to restrict the spread of the virus by announcing a country-wide lockdown. The COVID-19 pandemic is anticipated to cause a significant economic loss in Asia-Pacific. The Asian economies have been hit hard due to the pandemic. The lack of medical facilities in some countries of Asia Pacific may impact the demand for medical mattress in the start but the increase in medical infrastructure coupled with rise in medical beds have positive impact on market even in the pandemic situation. Quarantine measures have suppressed consumer demand. There was huge impact on supply market of medical mattress due to sudden rise in demand. However, various countries from the region have restarted their business activities.
The market for Asia Pacific Medical Mattress Market is segmented into the Product Type and End User and country. Based on Product Type, the Asia Pacific Medical Mattress Market is segmented into foam, spring, and others. In 2021, commercial, segment accounted for the largest market share and moreover it registered the highest CAGR during the forecast period. The demand for medical mattress are increasing rapidly in hospitals, clinics, nursing home and other medical related application across the country due to surge in demand of hospital beds. Thus the commercial segment is dominating the market.
Desco Medical, Icare Medical Group , Invacare Corporation , LINET , Medline Industries, Inc., Narang Medical Limited.,Paramount Bed Holdings Co., Ltd.. The companies are focused on adopting organic growth strategies such as product launches and expansions to sustain their position in the dynamic market.
The market for Asia Pacific Medical Mattress Market is segmented into product type and end user. Based on product type, the Asia Pacific Medical Mattress Market is segmented foam, spring, and others .Based on End User, the Asia Pacific Medical Mattress Market is segmented into residential, and commercial. By Geographically, Asia Pacific Medical Mattress Market is segmented into (Australia, China, India, Japan, South Korea, and Rest of APAC).
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