Asia Pacific Medical Mattress Market Forecast to 2028 - COVID-19 Impact and Analysis - Product Type (Foam, Spring, and Others) and End-User (Residential and Commercial)

Asia Pacific Medical Mattress Market Forecast to 2028 - COVID-19 Impact and Analysis - Product Type (Foam, Spring, and Others) and End-User (Residential and Commercial)

Asia Pacific medical mattress market is expected to grow from US$ 2,379.3 million in 2021 to US$ 3,835.4 million by 2028; it is estimated to grow at a CAGR of 7.1% from 2021 to 2028.

There is a significant and continuously growing population of older individuals in almost every country region. Asia Pacific is also undergoing profound and rapid population changes. Many countries in Asia Pacific are in the process of aging at an unprecedented pace. According to a report by the United Nations Economic and Social Commission for Asia and the Pacific, in 2016, approximately 12.4% of the population in the region was 60 years and above. In Asia Pacific, China, India, Japan, Indonesia, Pakistan, and Thailand, are some countries with the highest number of people aged more than 65. As populations grow older, the need for various policies and services specifically targeted to older persons, such as housing and infrastructure, also increases. The growth in the aging population is promoting the demand for various health care services and products, including medical mattresses, aiding this market.

The Asian economies had been hit hard due to the COVID-19 pandemic. The governments of various Asia Pacific economies took possible steps to restrict the spread of the virus by announcing a country-wide lockdown. The COVID-19 pandemic caused a significant economic loss in Asia Pacific. The lack of medical facilities in some countries of Asia Pacific impacted the demand for medical mattresses initially, but the increase in medical infrastructure coupled with the rise in medical beds had a positive impact on the market even during the COVID-19 pandemic situation. Further, there was a huge impact on the supply market of medical mattresses due to the sudden rise in demand. However, various countries from the region restarted their business activities.

Vendors attract new customers and expand their footprints in emerging markets with the new features and technologies, thereby driving the Asia Pacific medical mattress market. The Asia Pacific medical mattress market is expected to grow at a significant CAGR during the forecast period.

Asia Pacific Medical Mattress Market Revenue and Forecast to 2028(US$ Million)

Asia Pacific Medical Mattress Market Segmentation

By Product Type

Foam Spring Others By End User

Residential Commercial By Country

Asia Pacific Australia China India Japan South Korea Rest of APAC

Companies Mentioned -

Desco Medical Icare Medical Group Invacare Corporation LINET Medline Industries, Inc. Narang Medical Limited. Paramount Bed Holdings Co., Ltd.

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