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ICU Beds Market Analysis, Trends, Growth, Research And Forecast 2032
ICU Beds Market
The Business Research Company's ICU Beds Global Market Report 2023 identifies the frequent outbreaks of pandemic diseases such as Influenza, Ebola, and the recent COVID-19, has put enormous pressure on healthcare authorities and health services to draft and discuss preparedness plans as the major driver for the ICU beds market's growth in the forecast period. During pandemics, most patients require ICU admission and this drives the market for ICU beds. Even in most well-developed countries, ICU beds are often close to capacity during such out-breaks. In United States, there are an estimated 34.2 ICU beds per 10,000 people, yet there is a surge in demand during recent COVID-19 pandemic.
The global icu beds market will grow from $1.89 billion in 2022 to $2.01 billion in 2023 at a compound annual growth rate (CAGR) of 6.3% . The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The market size of the global icu beds market is expected to grow to $2.62 billion in 2027 at a CAGR of 6.9%.
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Major competitors in the ICU beds market are Invacare Corporation, Paramount Bed Holdings Co. Ltd., Medline Industries Inc., Stiegelmeyer GmBH & Co. KG, Gendron Inc., LINET Group SE, Joerns Healthcare LLC.
A key trend in the ICU beds market includes the launch of smart beds. Smart beds help to automate and digitalize patient monitoring, improving overall efficiency. The smart beds are designed to facilitate the patient's movement and help them regain normal movement faster, with the presence of monitoring systems. For example, in August 2022, Dozee, an India based medical equipment manufacturer, partnered with Midmark India, an India based hospital bed manufacturers, and launched a connected bed platform for non-ICU settings. Dozee's sensor-based technology uses artificial intelligence (AI) to track vital parameters of the patient.
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The ICU beds market is segmented -
• By Type: Electric Beds, Semi-Electric Beds, Manual Beds
• By Application: Pediatric Intensive Care Unit, Neonatal Intensive Care Unit, Psychiatric Intensive Care Unit, Cardiac Intensive Care Unit, Neurological Intensive Care Unit, Trauma Intensive Care Unit, Post-Operative Recovery Unit, Surgical Intensive Care Unit, Mobile Intensive Care Unit
• By End Use: General And Acute Care Hospitals, Specialized Hospitals, Multi-Specialty Hospitals, Ambulatory Surgery Centres (ASC), Other End Uses
• By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. North America was the largest region in the ICU bedsmarket.
The Business Research Company's "Global ICU Beds Market Report 2023" provides a thorough understanding of the market across 60 geographies. The report covers market size, growth rate, segments, drivers and trends in every region and country. In addition, the report offers insights on historical and forecast growth, helping players analyze and strategize better.
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The Table Of Content For The ICU Beds Market Include:
1. Executive Summary
2. ICU Beds Market Characteristics
3. ICU Beds Market Trends And Strategies
4. ICU Beds Market - Macro Economic Scenario
5. ICU Beds Market Size And Growth
……
26. Africa ICU Beds Market
27. ICU Beds Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The ICU Beds Market
29. ICU Beds Market Future Outlook and Potential Analysis
30. Appendix
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