ICU Beds Market is Expected to Grow with a CAGR of 5.1% from 2022 to 2028
As stated by in our extensive report, the Global ICU Beds Market accounted for USD 1,593.8 Million in 2021.
ICU Beds are used to take care of critical patients. They are designed in a way so that they can support infection control, provide comfort, offer safety & ease of use, enhance work efficiency, and improve effective risk management in hospitals. They consist of equipment such as an X-ray cassette holder, section mattress base, and stepless pneumatic adjustment for Trendelenburg & anti-Trendelenburg that help to support & assist the healthcare operators for their effective workflow. There are both mechanical and electrical ICU Beds. ICU electrical beds can be operated with a remote control which can lock patient remote control usage along with electronic CPR with nurse control panel and manual CPR with handles on both sides of the backrest.
The growth in incidences of chronic diseases along with an increase in the number of surgical procedures is anticipated to augment the growth of the ICU Beds Market during the forecast period. This is attributable to the changes in societal behavior in various economies and the rise in the aging population. As the middle-class income is increasing with rapid urbanization and industrialization, people are shifting more towards adopting a sedentary lifestyle. This has increased the obesity rates and cases of diseases such as diabetes, blood pressure, and others. Emerging markets are expected to hit hard owing to the population growth most significant in developing nations and this has increased the demand for healthcare systems which in turn is expected to increase the need for ICU Beds in near future.
However, the low demand in underdeveloped countries is expected to hamper the growth of ICU Beds Market in the years to come. Moreover, technological advancements in ICU Beds such as availability of automatic beds or remote-controlled beds and internet of things (IoT)-enabled beds, are further anticipated to create more opportunities for the growth of the ICU Beds within the estimated timeframe. Additionally, various companies are focusing on integrating new technologies which are also expected to support the growth of the market. For instance, in October 2020, Stryker the leading medical technology company, announced the global launch of the industry’s first and only completely wireless hospital bed, ProCuity. This intelligent bed was designed to help reduce in-hospital patient falls at all acuity levels, improve nurse workflow efficiencies and safety, as well as help lower hospital costs.
Asia Pacific is expected to grow at the fastest Compound Annual Growth Rate (CAGR) in Global ICU Beds Market and is likely to continue the same trend during the forecast period. This is attributable to the increasing investments from governments for the overall R&D of ICU Beds in emerging economies like India and China in the region. Additionally, the significant surge in demand for advanced healthcare facilities is also expected to support the growth of the market in near future.
Some of the prominent players operating in the global industrial floor coatings market include DSV Panalpina A/S (Span-America Medical Systems, Inc.), Hill-Rom Holdings Inc., Getinge AB, Joh. Stiegelmeyer & Co. GmbH (Stiegelmeyer GmbH & Co. KG), Invacare Corporation, Malvestio S.P.A., Linet Group SE (Linet spol. s.r.o.), Merivaara Corp., Medline Industries Inc., Stryker Corporation.
Browse the full Report - ICU Beds Market by Type (Full Electric Beds, Semi Electric Beds, Manual Beds), by Application (Traditional ICU, Pediatric ICU, Others), by End User (Hospitals, Ambulatory Surgical Centers, Others), by Region (North America, Europe, Asia Pacific, Latin America) - Global Industry Assessment (2016 - 2021) & Forecast (2022 - 2028)