Report Ocean presents a new report on ICU bed market size, share, growth, industry trends, and forecast 2027, covering various industry elements and growth trends helpful for predicting the market’s future.
The ICU bed market value was more than $1,287 million in 2020. The global ICU bed market is forecast to grow at a compound annual growth rate (CAGR) of more than 3.5% during the forecast period from 2021-2027.
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The purpose of ICU beds is to support infection control, enhance work efficiency, provide comfort, enhance safety & ease of use, and enhance effective risk management in hospitals. A section mattress base, X-ray cassette holder, and stepless pneumatic adjustment for Trendelenburg and anti-Trendelenburg are available to support & assist the healthcare staff.
Factors Affecting
An increase in the number of surgical procedures, a rise in the geriatric population, and the emergence of chronic diseases such as diabetes, asthma, blood pressure, and others primarily drive the ICU beds market.
In the forecast period, technological advancements in ICU beds and increased investments in healthcare infrastructure by governments and private sectors will drive market growth.
An increase in the number of advanced and well-equipped hospitals, a rise in the number of ambulatory surgical centers, favorable reimbursement policies in developed countries, and increasing product launches are additional factors driving the market.
A low level of demand in underdeveloped countries is likely to hinder market growth during the forecast period. On the contrary, the high market growth potential in emerging markets represents a promising prospect to provide lucrative opportunities during the forecast period.
Asia-Pacific to grow at the highest CAGR
Key players operating in the ICU beds market will find lucrative opportunities in Asia-Pacific due to an increase in several initiatives and enhanced government investments for the overall R&D of ICU beds, and a rise in product approvals. Other factors contributing to the market growth in the country include the continuous development of ICU beds, the accessibility of advanced healthcare systems, and the surge in demand for advanced healthcare facilities. In addition, the increase in medical device companies in emerging economies also bolsters this region’s growth. Furthermore, developing countries in Asia-Pacific will drive the growth of the ICU beds market over the next few years due to the surge of manufacturers expanding their geographical presence among emerging developing nations.
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Covid-19 Impact
In response, the World Health Organization (WHO) declared COVID-19 an international public health emergency. The COVID-19 outbreak has affected around 210 countries around the world. An unprecedented global public health threat, COVID-19 is expected to affect the ICU beds market positively. The rapid increase in confirmed cases of COVID-19 is inspiring the intensive care community in the healthcare industry to prepare for challenges related to this pandemic. A severe COVID-19 patient will need 14 days of ICU respiratory support. A rise in COVID-19 cases will therefore contribute to the growth of the ICU beds market in the forecast period.
Company Profiled in the Market
There are several prominent competitors in the global ICU bed market, including:
Medline Industries, Inc
Getinge AB
Hill-Rom Holdings Inc.
Stryker Corporation
Invacare Corporation
Linet Group SE (Linet spol. s.r.o.)
Malvestio S.P.A.
Merivaara Corp.
DSV Panalpina A/S (Span-America Medical Systems, Inc.)
Joh. Stiegelmeyer & Co. GmbH (Stiegelmeyer GmbH & Co. KG)
Other Prominent Players
Aim of the Report
The global ICU bed market segmentation includes Type, Application, End-User, and Region.
Segmentation based on Type
Full-Electric Beds
Hospitals
Ambulatory Surgery Centers (ASC)
Others
Semi-Electric Beds
Hospitals
Ambulatory Surgery Centers (ASC)
Others
Manual Beds
Hospitals
Ambulatory Surgery Centers (ASC)
Others
Segmentation based on Application
Traditional ICU
Pediatric ICU
Others
Segmentation based on End-User
Hospitals
Ambulatory Surgery Centers (ASC)
Others
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Segmentation based on Region
North America
The U.S.
Canada
Mexico
Europe
Western Europe
The UK
Germany
France
Italy
Spain
Rest of Western Europe
Eastern Europe
Poland
Russia
Rest of Eastern Europe
Asia Pacific
China
India
Japan
Australia & New Zealand
ASEAN
Rest of Asia Pacific
Middle East & Africa (MEA)
UAE
Saudi Arabia
South Africa
Rest of MEA
South America
Brazil
Argentina
Rest of South America
What are the aspects of this report that relate to regional analysis?
The report’s geographical regions include North America, Europe, Asia Pacific, Latin America, the Middle East, and Africa.
The report provides a comprehensive analysis of market trends, including information on usage and consumption at the regional level.
Reports on the market include the growth rates of each region, which includes their countries, over the coming years.
How are the key players in the market assessed?
This report provides a comprehensive analysis of leading competitors in the market.
The report includes information about the key vendors in the market.
The report provides a complete overview of each company, including its profile, revenue generation, cost of goods, and products manufactured.
The report presents the facts and figures about market competitors, alongside the viewpoints of leading market players.
A market report includes details on recent market developments, mergers, and acquisitions involving the key players mentioned.
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