According to our estimates, the North American medical mattress market was worth $362 million in 2018. This statistic has been populated in cell 4E of the attached spreadsheet.
- The North American medical mattress market is valued at $362 million.
- The global medical mattress market is valued at $1,539 million.
- North America's share of the global medical mattress is 23.5%.
In order to fulfill this request, we began by looking for research reports published by agencies such as Ibis World, Apex Market Reports, Up Market Research, Garner Insights, GM Insights, Decision Databases, and Technavio. However, most of the reports we found were global and not specific to North America. While these reports also cover the North American market, they have not made available any information pertaining to the North America market. The report-overview templates do not even disclose the global market sizes in most cases. The Techanvio report we found provided us with the forecasted global medical mattress market CAGR and incremental growth figures; this was the most we could draw out of these reports.
Next, we looked through industry portals such as Medical Equipment Suppliers Association, Healthcare Supply Chain Association, Alabama Durable Medical Equipment Association, and Kentucky MedicalSupplier Association, but we did not find any useful information. Though these associations are focused on medical equipment (and not medical devices), their websites do not contain any useful content specific to medical mattresses. Lastly, we looked through the websites of medical mattress manufacturers such as MedMattress, Thomashilfen, Tekvor Care GmbH, and Blue Chip Medical Products. These websites do not contain any industry size data; they are mainly focused on the products sold by the company.
Given the unavailability of information, we looked for sources older than two years, hoping to find metrics (market size and CAGR) specific to North America that could enable us to triangulate the current market size. However, we did not find any old reports with dated, forecasted, or growth estimates. As there were very limited data points available across sources, we had to adopt an alternate triangulation strategy.
According to Technovia, the global market size of the medical mattress market will grow at a CAGR of 5% in the period 2019-2023. The incremental growth in the market size in the same period would be $425.1 million. A 5% CAGR growth over 5 periods (2019-2023) would result in a 27.63% (1.05^5 -1) growth overall. Therefore, the 2018 global market size of medical mattress was $1,539 million (425.1/ 27.63%). While we found that the APAC share of the global medical mattress market is 40%, we did not find North America's share in any of the reports. However, based on the assumption that North America's share in the medical mattress market should not be significantly different from the medical bed market, we have used North America's medical bed market share as a proxy for North America's medical mattress market share (of the global market) and triangulated an estimate. North America's share in the global medical bed market is 23.5%. North America's share in the global medical mattress market is assumed to be the same (23.5%).
Therefore, North America's medical mattress market size is $362 million ($1,539 million * 23.5%).