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ICU Beds Market

ICU Beds Market

ICU Beds Market - Global Industry Assessment & Forecast

Number Of Pages # Pages:

154

Base Year:

2021

Date

Feb - 2022

Format:

PDF XLS PPT

Report Code:

VMR-1290

Segments Covered
  • 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, Middle East & Africa
Snapshot
Forecast YearsForecast Years: 2022 - 2028
Historical YearsHistorical Years: 2016 - 2021
Revenue 2021Revenue 2021: USD 1,593.8 Million
Revenue 2028Revenue 2028: USD 2,219.3 Million
Revenue CAGRRevenue CAGR (2022 - 2028): 5.1%
Fastest Growing Region Fastest Growing Region (2022 - 2028) Asia Pacific
Largest Region Largest Region (2021): North America
Customization Offered
  • Cross-segment Market Size and Analysis for Mentioned Segments
  • Additional Company Profiles (Upto 5 With No Cost)
  • Additional Countries (Apart From Mentioned Countries)
  • Country/Region-specific Report
  • Go To Market Strategy
  • Region Specific Market Dynamics
  • Region Level Market Share
  • Import Export Analysis
  • Production Analysis
  • Others Request Customization Speak To Analyst
ICU Beds Market Share

Market Synopsis:

Global ICU Beds market is valued at USD 1,593.8 Million in 2021 and is projected to attain a value of USD 2,219.3 Million by 2028 at a CAGR of 5.1% during the forecast period, 2022–2028. The global ICU Beds market has grown in response to the growing elderly population, increased government healthcare spending, and an increase in the number of Covid-19 patients requiring intensive care. Low product demand in developing countries, on the other hand, stifles market expansion. High market development potential in emerging markets, on the other hand, is likely to create new opportunities for industry participants in the future.

The Covid-19 pandemic had a significant impact on the healthcare business. Because patients with Covid-19 require approximately 14 days of respiratory assistance in the ICU, the significant growth in the number of cases has raised demand for ICU Beds. However, the supply chain was hindered and raw material costs rose as a result of the prolonged lockdown in numerous regions.

ICU Beds Market Size, 2021 To 2028 (USD Million)

The number of confirmed instances of coronavirus disease is rapidly increasing, prompting the intensive care community in the healthcare industry to prepare for the problems that this pandemic would bring. As a result, COVID-19-affected countries are continually working to expand their ICU bed capacity in order to sustain market growth.

Furthermore, as new COVID-19 patients occupy intensive care beds in hospitals, the demand for new ICU Beds will likely increase in the near future. Furthermore, a growing senior population with chronic respiratory problems, combined with an increase in healthcare industry expenditure, will drive the adoption of ICU Beds around the world.

Increasing Investments in Healthcare Infrastructural Development

The global healthcare environment has changed dramatically during the last few decades. Unprecedented economic growth has been experienced by many countries around the world. While many of these countries were damaged by the global economic crisis in 2008, they appear to have recovered and are continuing to expand, albeit at much slower rates. As a result, these economies' economic, cultural, industrial, and healthcare settings have changed dramatically. Widespread regulatory reforms, economic liberalisation, fast growing middle-class populations with increasing purchasing power, and increased investments in infrastructure development have all contributed to the healthcare industry's rapid rise.

In most developed and developing countries, healthcare infrastructure development is a major concern. Increased healthcare infrastructure investments have a favourable impact on the number of medical beds.

Market Segmentation:

The Global ICU Beds Market has been segmented by Type into Electric Beds, Manual Beds and Other Beds. By Application into General ICUs, Specialized ICUs, Paediatric and Neonatal ICUs. By End-Use into Hospitals, Ambulatory Surgical Centers and Others. Based on Region, the ICU Beds Market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa.

Below tree is interactive. You can click the nodes to get more information.

From 2021 to 2028, the traditional ICU segment would have the greatest CAGR of 5 percent by application. Due to conventional ICUs' specialisation in providing care for specific health problems or accidents, the segment retained the highest share in 2020, accounting for more than half of the worldwide ICU beds market.

North America to Continue Dominating the ICU Beds Market

Due to the well-developed healthcare industry, high adoption rate of ICU Beds, and presence of prominent manufacturers in the area, the market in North America held the highest share in 2020, accounting for more than one-third of the market. However, due to an increase in the geriatric population and an increase in persons suffering from chronic diseases, the worldwide ICU Beds market in Asia-Pacific is expected to grow at the fastest rate of 5% over the forecast period.

Key Players:

Key participants operating in the myoelectric prosthetics market are: 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

The ICU Beds market is segmented as follows:

Parameter Details
Segments Covered
  • Type (Full Electric Beds, Semi Electric Beds, Manual Beds)
  • Application (Traditional ICU, Pediatric ICU, Others)
  • End User (Hospitals, Ambulatory Surgical Centers, Others)
  • Region (North America, Europe, Asia Pacific, Latin America, Middle East & Africa)
Regions & Countries Covered
  • North America - (U.S., Canada, Mexico)
  • Europe - (U.K., France, Germany, Italy, Spain, Rest Of Europe)
  • Asia Pacific - (China, Japan, India, South Korea, South East Asia, Rest Of Asia Pacific)
  • Latin America - (Brazil, Argentina, Rest Of Latin America)
  • Middle East & Africa - (GCC Countries, South Africa, Rest Of Middle East & Africa)
Companies Covered
  • 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
Report Coverage Market growth drivers, restraints, opportunities, Porter’s five forces analysis, PEST analysis, value chain analysis, regulatory landscape, technology landscape, patent analysis, market attractiveness analysis by segments and North America, company market share analysis, and COVID-19 impact analysis

The ICU Beds market scope can be tabulated as below:

ICU Beds Market Projected to Reach USD 2,219.3 Million by 2028
The Global ICU Beds Market is expected to reach USD 2,219.3 Million by 2028, growing at a Compound Annual Growth Rate (CAGR) of 5.1% from 2022 to 2028. The increase in the number of surgical procedures coupled with rising in the geriatric population is anticipated to augment the growth of the market...
FAQ
Frequently Asked Question
  • The global ICU Beds valued at USD 1,593.8 Million in 2020 and is expected to reach USD 2,219.3 Million in 2028 growing at a CAGR of 5.1%.

  • The prominent players in the market are 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.

  • The market is project to grow at a CAGR of 5.1% between 2021 and 2028.

  • The driving factors of the ICU Beds include

    • Increasing Investments in Healthcare Infrastructural Development

  • North America was the leading regional segment of the ICU Beds in 2020.