Global ICU Beds Market | Global ICU Beds Industry | Global ICU Beds Market Research Report: Ken Research
According to study, “ICU Beds Global Market Report 2020-30: Covid 19 Implications and Growth” the key companies operating in the global ICU beds market are Medline Industries, Inc.; Invacare Corporation; Inc.; Stiegelmeyer GmBH & Co. KG; Paramount Bed Holdings Co., Ltd., Span-America Medical Systems, Joerns Healthcare LLC.; Gendron, Inc. ; LINET Group SE; Malvestio S.P.A.; Merivaara Corp.
Based on type, ICU beds market is segmented as manual beds, electric beds and semi-electric beds. Electric beds holds major share in global market due to greater comfort, portability, and elevated cost which impact for higher revenue. Based on application, market is segmented as psychiatric intensive care unit, neonatal intensive care unit, neurological intensive care unit, pediatric intensive care unit, cardiac intensive care unit, post-operative recovery unit, trauma intensive care unit, high dependency unit, mobile intensive care unit and surgical intensive care unit. In addition, based on end-user, market is segmented as ambulatory surgery centers, hospitals, and others. The hospital segment is expected to witness higher growth rate due to growth in number of surgical procedures at hospitals and rise in number of hospital admissions during the forecast period.
The ICU beds market is driven by rise in geriatric patients, followed by increase in surgical procedures, rise in investments in healthcare infrastructure by the government & private sector, growth in technological advancements and increase in incidences of chronic diseases such as diabetes, blood pressure, asthma, and others. However, lack of reimbursement in developing regions and high cost of the ICU beds may impact the market. Moreover, emerging economies such as China, India, Mexico, and Brazil is likely to create new opportunities over the forecast period.
Based on geography, the North-American is a leading region in global ICU beds market owing to rise in number of surgical procedures, higher number of ICU admissions, and better healthcare infrastructure in the region. The Asian-Pacific and European regions are estimated to witness higher growth rate due to increase in geriatric population, growth in number of hospital admissions coupled with improving healthcare infrastructure over the forecast period. The global ICU beds market is likely to grow from US $1.9 billion in 2019 to about US $3.8 billion in 2020 as hospitals across the world are rising their ICU capacity to deal with the surge in Corona-virus patients. The market is anticipated to stabilize and reach US $2.8 billion at a CAGR of 9.8% by 2023.
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