ICU Beds Market:
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Executive Summary
The global ICU beds market is expected to grow from $1.9 billion in 2019 to about $3.8 billion in 2020 as hospitals across the globe are increasing their ICU capacity to deal with the surge in Covid-19 patients. The market is expected to stabilize and reach $2.8 billion at a CAGR of 9.8% through 2023.
The market for ICU beds is experiencing exponential growth. Increasing Covid-19 cases across the globe pressurizing governments of emerging and developed countries to increase their intensive care capacities. Public health systems releasing funds to procure the needed hospital infrastructure, with ICU beds being one of the important requirements.
The Intensive Care Unit (ICU) Beds market consists of sales of special hospital beds designed for ICUs to take care of critical patients. The market consists of revenues generated by establishments that are primarily engaged in the manufacturing of electrical, semi-electrical, and mechanical ICU Beds that provide both safety and comfort to patients and also caregivers. Intensive care represents the highest level of continuing patient care and treatment. An intensive care unit (ICU) is a designated area offering facilities for the prevention, diagnosis and treatment of critical illnesses such as multiple organ failures.
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The global ICU beds market has been geographically segmented into North America, Western Europe, Asia-Pacific, Eastern Europe, South America and Middle East & Africa. North America was the largest region in the ICU beds market in 2019.
The Intensive Care Unit (ICU) Beds market covered in this report is segmented by type into electric beds; semi-electric beds; manual beds. It is also segmented by application into 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.
Critical care is often described as expensive care that includes high cost of resources. In United States, although ICU beds comprise less than 10% of hospital beds, ICU departments consume 22% of total hospital costs. ICU beds tend to cost threefold higher than a bed in a general ward. ICU beds cost between $25,000 and $30,000, significantly more than other medical/surgical beds, which typically cost $5,000 to $10,000 a bed. Bariatric beds are even more expensive, which are nearly about $35,000 to $40,000 each. The escalating demand for critical care services put financial strain on both health care systems, and also on patients who pay completely or partially out-of-pockets for these services. Therefore, high prices of ICU beds are challenging the growth of this market.
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 that includes the increase in number of ICU beds, to accommodate critically ill patients. 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. In Italy, there are about 12.5 ICU beds per 10,000) of intensive care beds. Due to the recent outbreak, with the rate of increase in the number of patients in intensive care with COVID-19, the number of ICU beds continue to change. In China and India, it is only 3.6 and 2.3 per 10,000 respectively, and the demand in such developing countries is huge. Patients with severe COVID-19 disease require approximately 14 days of respiratory support in ICU. Such lengthy treatment time will further stress resources. Therefore, the frequent outbreaks of pandemics are expected to drive the market for ICU beds.
Major players in the Intensive Care Unit (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., Span-America Medical Systems, Inc., Malvestio S.P.A., and Merivaara Corp.
Continuous…
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The study includes an accurate estimate of the current industry scenario along with the market size, market volume, and revenue garnered by the industry.
The report delivers radical data about the competitive landscape of the ICU Beds industry and a thorough bifurcation of the regions where the ICU Beds market has established a significant footing.
The competitive landscape includes extensive profiling and overview of prominent players of the ICU Beds industry.
The report studies the following companies in detail: Key manufacturers in the industry include Hill-Rom Holdings, Inc., Malvestio S.P.A., Carevel Medical Systems Private Limited, Stryker Corporation, Invacare Corporation, Linet Group SE, Stiegelmeyer-Group, Medtronic PLC, Meditech (India) PVT.
Companies including BAM Labs, Besco Medical Co., Ltd., Antano Group GF, Health Products, Inc., and Midmark Corporation are few other smart ICU beds & solutions providers.Radical Highlights of the ICU Beds Market Report:ICU Type Outlook Traditional Medical ICU (TMICU)GeneralSurgicalCardiac Care Unit (CCU)Neonatal ICU (NICU)Pediatric ICU (PICU)Trauma ICU (TICU)Psychiatric ICU (PICU)Post-Anesthesia CU (PACU)High-Dependency Unit (HDU)Mobile ICU (MICU)End-Use Outlook General & Acute Care HospitalsDistrictStateUrbanRuralMulti-Specialty HospitalsPediatricCardiacCancerRehabilitationPsychiatricOthersSpecialized HospitalsPediatricCardiacCancerRehabilitationPsychiatricOthersAmbulatory Surgery Centres (ASC)OthersThe report further provides key insights into the market share held by each product and application in the ICU Beds market.
The report also sheds light on the supply chains and the changes in the trends of the upstream raw materials and downstream distributors.The report explains the market share and sales volume of each company, along with the key details of the operations of these companies.
Global ICU Beds Market Research Report - Industry Analysis, Size, Share, Growth, Trends and Forecast Till 2027 – DecisionDatabases.comThe comprehensive value chain analysis of the market will assist in attaining better product differentiation, along with detailed understanding of the core competency of each activity involved.
The market attractiveness analysis provided in the report aptly measures the potential value of the market providing business strategists with the latest growth opportunities.The report classifies the market into different segments based on product and application.
These segments are studied in detail incorporating the market estimates and forecasts at regional and country level.
The segment analysis is useful in understanding the growth areas and probable opportunities of the market.Final Report will cover the impact of COVID-19 on this industry.Browse the complete Global ICU Beds Market Research Report – Industry Analysis, Size, Share, Growth, Trends and Forecast Till 2027 @ https://www.decisiondatabases.com/ip/50150-icu-beds-market-reportThe report also covers the complete competitive landscape of the global ICU Beds market with company profiles of key players such as:Stryker CorporationHill-Rom Holdings, Inc.Getinge ABInvacare CorporationMedline Industries, Inc.A detailed description of each has been included, with information in terms of H.Q, future capacities, key mergers & acquisitions, financial overview, partnerships, collaborations, new product launches, new product developments and other latest industrial developments.SEGMENTATIONS IN THE REPORT:By Product:Electric BedsSemi-Electric BedsManual BedsBy Applications:Neonatal Intensive Care UnitPediatric Intensive Care UnitPsychiatric Intensive Care UnitCardiac Intensive Care UnitNeurological Intensive Care UnitTrauma Intensive Care UnitPost-Operative Recovery UnitHigh Dependency UnitSurgical Intensive Care UnitOthersBy Geography:North America (NA)Europe (EU)Asia Pacific (APAC)Latin America (LA)Middle East & Africa (MEA)Download Free Sample Report of Global ICU Beds Market @ https://www.decisiondatabases.com/contact/download-sample-50150The Global ICU Beds Market has been exhibited in detail in the following chapters –Chapter 1 ICU Beds Market Preface Chapter 2 Executive SummaryChapter 3 ICU Beds Industry AnalysisChapter 4 ICU Beds Market Value Chain AnalysisChapter 5 ICU Beds Market Analysis By ProductChapter 6 ICU Beds Market Analysis By ApplicationsChapter 7 ICU Beds Market Analysis By GeographyChapter 8 Competitive Landscape Of ICU Beds CompaniesChapter 9 Company Profiles Of ICU Beds IndustryPurchase the complete Global ICU Beds Market Research Report @ https://www.decisiondatabases.com/contact/buy-now-50150Other Reports by DecisionDatabases.com:Global Traction Beds Market Research Report – Industry Analysis, Size, Share, Growth, Trends and Forecast Till 2027Global Adjustable Bed Market Research Report – Industry Analysis, Size, Share, Growth, Trends and Forecast Till 2026Global Circulating Fluid Bed Boilers Market Research Report – Industry Analysis, Size, Share, Growth, Trends and Forecast Till 2026About-Us:DecisionDatabases.com is a global business research reports provider, enriching decision makers and strategists with qualitative statistics.
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The Global ICU Beds Market research report offers accurate insights for the growth prospects of the ICU Beds market in the forecast years 2020-2027.
The report is an all-inclusive study of the ICU Beds market that offers the readers a better view of the current and emerging market trends through a thorough analysis of the market size, growth trends, supply and demand ratio, market share, sales network and distribution channels, and other key elements.Furthermore, the report is furnished with the current market scenario with regards to the COVID-19 pandemic.
The global public health emergency has disrupted the lives of everyone across the globe.
It has also had a substantial impact on the ICU Beds industry as global supply chains have been disrupted, and the financial scenario is tight.
The report is formulated by extensive primary and secondary research and backed by the verified data from industry experts and professionals.
Along with this, the report extensively studies the competitive landscape in the market and profiles the key players of the industry.The report covers extensive analysis of the key market players in the market, along with their business overview, expansion plans, and strategies.
