Press release
ICU Beds Market Size Is Expected to See a Substantial Rise in Growth and Demand in The Forecast Period By 2030
ICU Beds Market
Allied Market Research has published a study report with the title ICU Beds Market Size was Valued at USD 1.48 billion in 2020, and is Projected to Garner USD 2.41 billion by 2030, registering a CAGR of 4.9% from 2021 to 2030.
Impact of Covid-19 Pandemic on ICU Beds Market:
The Covid-19 pandemic affected the healthcare industry drastically. The rapid rise in number of cases of Covid-19 increased the demand for ICU beds as patients suffering from Covid-19 need nearly 14 days of respiratory support in the ICU.
However, the prolonged lockdown across several regions hampered the supply chain and increased the prices of raw materials.
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Top Companies of ICU (Intensive Care Unit) Beds: -
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
ICU (Intensive Care Unit) Beds Market Segmentation: -
By type, the manual beds segment held the largest share in 2020, accounting for nearly half of the global ICU beds market, due to rise in chronic diseases among patients, surge in adoption of technologically advanced manual beds in hospitals, and increase in number of patient admission in hospital ICUs. However, the semi-electric beds segment is expected to register the highest CAGR of 5.4% during the forecast period, owing to the geriatric population that is more prone to chronic health conditions and rise in hospital admission rate.
By application, the traditional ICU segment would showcase the highest CAGR of 5.2% from 2021 to 2030. In addition, the segment held the largest share in 2020, contributing to more than half of the global ICU beds market, due to traditional ICUs are specialized in offering care for particular health diseases or injuries. The report includes an analysis of segments such as pediatric ICU and others.
By region, the market across North America held the largest share in 2020, accounting for more than one-third of the market, due to rise in the well-developed healthcare industry, high adoption rate of ICU beds, and presence of leading manufacturers in the region. However, the global ICU beds market across Asia-Pacific is projected to manifest the highest CAGR of 5.7% during the forecast period, due to rise in the geriatric population and surge in people suffering from chronic diseases.
Drivers, restraints, and opportunities-
Rise in the geriatric population, surge in government expenditure on healthcare, and increase in number of Covid-19 patients requiring intensive care have boosted the growth of the global ICU beds market. However, low product demand in underdeveloped countries hinders market growth. On the contrary, high market growth potential in emerging markets is expected to open new opportunities for the market players in the future.
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Our Market Research Solution Provides You Answer to Below Mentioned Question:
Which are the driving factors responsible for the growth of market?
Which are the roadblock factors of this market?
What are the new opportunities, by which market will grow in coming years?
What are the trends of this market?
Which are main factors responsible for new product launch?
How big is the global & regional market in terms of revenue, sales and production?
How far will the market grow in forecast period in terms of revenue, sales and production?
Which region is dominating the global market and what are the market shares of each region in the overall market in 2022?
How will each segment grow over the forecast period and how much revenue will these segments account for in 2030?
Which region has more opportunities?
By Region Outlook
• North America
(U.S., Canada, Mexico)
• Europe
(Germany, France, UK, Italy, Spain, Rest of Europe)
• Asia-Pacific
(Japan, China, India, Rest of Asia-Pacific)
• LAMEA
(Brazil, Saudi Arabia, South Africa, Rest of LAMEA)
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