It’s being expected that by 2027, the Intensive Care Beds market cap will hit $2,202.9 million at a CAGR growth of about 4.2%.
The global intensive care beds market was valued at USD 1.66 billion in 2020 and is projected to grow at a CAGR of 4.6% during the forecast period. Factors driving the growth of the intensive care beds market include increasing volume of chronic care patients, increase in number of COVID-19 cases and technological innovations in ICU beds.
Globally as patients’ grow old and have multiple medical conditions at the same time, the use of intensive care unit (ICU) use is growing. Moreover, with the surging elderly population the insistent and peremptory request for critical care services will rise in the coming years; thus, ICU admission criteria should be controlled and redefined. Many studies have found that, for the effective use of ICU beds executing initiatives to increase patient turnover would be more operative than increasing the number of ICU beds.
Regionally, North America accounted for the largest market share of the global intensive care beds market attributable to increasing number of bariatric population. Leading players of the global intensive care beds market include Stryker Corporation, Getinge AB, Hill-Rom Holdings, Inc., Invacare Corporation, Linet Spol. S.R.O., Medline Industries, Inc., Stiegelmeyer GmbH & Co. Kg, Malvestio S.P.A., Span-America Medical Systems, Inc., Merivaara Corp. among others.
Key segments of the global intensive care beds market
Product Overview, 2018-2028 (USD Billion)
- Electric beds
- Manual beds
- Other beds
Application, 2018-2028 (USD Billion)
- General ICUs
- Specialized ICUs
- Pediatric and neonatal ICUs
End-use Overview, 2018-2028 (USD Billion)
- Ambulatory surgical centers
- Other end-users
Regional Overview, 2018-2028 (USD Billion)
- North America
- United Kingdom
- Asia Pacific
- South America
- Middle East & Africa
- South Africa
Reasons for the study
- Growing geriatric population prone to chronic and acute disorders
- Rising hospital admissions across the globe
- Increasing investment on healthcare facilities
What does the report include?
- The study on the global intensive care beds market includes qualitative factors such as drivers, restraints and opportunities
- The study covers qualitative and quantitative analysis of the market segmented on the basis of product, application and end-use. Moreover, the study provides similar information for the key geographies.
- Actual market sizes and forecasts have been provided for all the above-mentioned segments
- The study includes the profiles of key players in the market with a significant global and/or regional presence
Who should buy this report?
- The report on the global intensive care beds market is suitable for all the players across the value chain including product manufacturing companies, suppliers/distributors, R&D labs, CROs, healthcare organizations, medical reimbursement and insurance providers
- Venture capitalists and investors looking for more information on the future outlook of the global intensive care beds market
- Consultants, analysts, researchers, and academicians looking for insights shaping the global intensive care beds market
Frequently Asked Questions (FAQ) :
Intensive care beds provide life-supporting treatments to disparagingly ill patients. Intensive care resources are limited and costly in many hospitals across the globe. Clinicians must contemplate the likely aids of using intensive care beds, and hospital managers must organize the provision of events and surgeries demanding critical care with standing capacity. During episodes of bigger demand for intensive care beds, for instance in the course of infectious epidemics or pandemics, it can be tough to match existing resources to clinical needs, resulting in restricting intensive care beds. There is extensive worldwide disparity in the capability to afford critical care.
The global intensive care beds market is categorized based on product, application and end-use.
By product: The electric beds was the largest market in 2019, while the manual beds is expected to show promising growth by 2028. The manual beds are low-cost and involve less production costs than the other intensive care beds.
By application: The general ICUs segment was the largest market in 2019, while the specialized ICUs will surpass the growth of all applications through the forecast period as they offer rigorous support to patients with serious medical illnesses along with superior physician accessibility and reduced risk of contamination.
By end-use: The hospitals segment accounted for the largest share of the global intensive care beds market and is projected to retain its dominance in the coming years due to rising hospital ICU admissions owing to COVID-19.
The health segment in Europe has tackled varied challenges, which have directed nationwide authorities to implement reforms for justifying the usage and delivery of hospital care, refining quality and correctness, and decreasing costs. Over the years, there has been a dip in the quantity of hospital accommodations and beds. These reforms have also caused less critical care beds and shorter stays, in addition to a better occupancy rate of critical care beds. Nearly all European nations have made modifications in their hospital facility. Foremost determinations have been put into bringing enhanced services, growing value, and cultivating effectiveness and efficiency.