Intensive Care Unit (ICU) Beds Market is expected to grow at a CAGR of 4.1% by 2032 | insightSLICE
The market for Intensive Care Unit (ICU) Beds was estimated to be US$ 1.71 billion globally in 2021 and increase at a CAGR of 4.1% through 2032.
ICU beds are specialized hospital beds made for Intensive care units to provide for critically ill patients. These are multipurpose beds that can offer both patients and caregivers convenience and safety.
ICU beds were created to increase productivity, comfort, security, and flexibility of use, promote prevention and control, and improve efficient risk mitigation in healthcare facilities.
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These could tilt, and they come with extras like an X-ray cassette storage, a section bed foundation, and stepless hydraulic modification for Trendelenburg and anti-Trendelenburg that are made to help medical staff work more efficiently. ICU beds have a retractable headboard that enables operations (such as endotracheal insertion and vascular
access) from the head of the mattress as well as electrical and mechanical controls, armrests, casters, and IV pole mounts.
The key players of the Global Intensive Care Unit (ICU) Beds Market are:
Invacare Corporation, Stryker Corporation, Getinge AB, Hill-Rom Holdings, Inc., Stiegelmeyer GmbH & Co. Kg, Medline Industries, Inc., Merivaara Corp., Malvestio S.P.A., Linet Spol. S.R.O., Nitrocare, and others are significant market participants in the global Intensive Care Unit (ICU) Beds market.
The market is expected to show tremendous growth during the forecast:
The market estimates in the Intensive Care Unit (ICU) Beds report covers the years 2019 to 2032. The market for ICU beds is primarily driven by an increase in surgical operations, an older population, and a rise in the number of medical illnesses including diabetes, influenza, hypertension, and others.
Also projected to fuel market expansion throughout the forecast timeframe are rising ICU bed technology improvements and a spike in public and private sector expenditures in healthcare infrastructure.
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In addition, an increment in surgical procedures, a boost in the utilization of electric beds in health facilities and surgery centers, favorable reimbursement rules in advanced countries, and a rise in the number of product announcements are other factors that contribute to the market’s expansion.
A favorable effect on the market for ICU beds is projected as a result of the exceptional worldwide public health emergency that was the COVID-19 epidemic. The healthcare sector and the intensive care community were propelled by the COVID-19 pandemic’s rapid surge in known cases to prepare for its problems.
In the intensive care unit, patients who have severe COVID-19 require about 14 days of respiratory assistance. Consequently, the recent development of the ICU beds market was undoubtedly augmented by the rise in COVID-19 cases.
However, the market is currently returning to its usual requirements and is anticipated to increase once more within the next several years, according to our forecast. Additionally, it is anticipated that the low growth in developing nations may impede market expansion during the anticipated time frame.
On the other hand, during the forecast timeframe, it is anticipated that emerging markets with strong market future growth would present profitable prospects.
Regional performance of Intensive Care Unit (ICU) Beds Market
Because of a higher rate of ICU hospitalizations, an increase in surgical operations, and improved healthcare infrastructure throughout the region, North America led the global market for ICU beds in 2019.
to the rising geriatric population, who are more susceptible to chronic ailments, the rising amount of hospital admissions, and the region’s strengthening healthcare infrastructure, Asia Pacific is anticipated to be a very appealing segment during the projection period.
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Global Intensive Care Unit Beds Market Key Segments:
By Type
- Electric Beds
- Semi-electric Beds
- Manual Beds
By Application
- General ICU
- Specialized ICU
- Pediatric ICU
- Neonatal ICU
- Others
By End-user
- Hospitals
- Ambulatory Surgery Centers
- Others
By Geography
- North America
- United States
- Canada
- Rest of North America
- Europe
- Germany
- United Kingdom
- Italy
- France
- Spain
- Rest of Europe
- Asia Pacific
- Japan
- India
- China
- Australia
- Rest of Asia Pacific
- Middle East & Africa
- UAE
- Saudi Arabia
- South Africa
- Rest of the Middle East & Africa
- South America
- Brazil
- Rest of South America
Report for Intensive Care Unit Beds Market covers detailed statistics:
The market report for ICU beds gives a thorough overview of the all sales and revenue sectors and their accompanying data with along with our verdict. The research includes numerous visual and written visualizations that show how the market size has changed throughout the years.
Together with the year-over-year increase, the cumulative development for the years 2023–2032 is also estimated and depicted. Strategic cooperation between ecosystem partners is projected to ensure growth over the forecast period.
Participation by market players is also expected to boost output. The reader of this study can use it to inform critical decisions on cross-border growth, new product introductions, and other matters.
By examining both the vendors’ and the purchasers’ perspectives, the writer of this paper was able to identify the common tendencies in well-known nations throughout every region.
Since consumption for each product and purpose differs from different regions, the researcher has divided the market for Intensive Care Unit (ICU) Beds into major geographic areas.
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