| Report Code: A03859 | Pages: 215 | Sep 2021 | 7682 Views | ||
| Author(s) : Sushant T , Onkar S | Tables: 123 | Charts: 30 |
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Pandemic disrupted the entire world and affected many industries.
Get detailed COVID-19 impact analysis on the Icu Beds Market
Request Now !The global ICU beds market was valued at $1,487 million in 2020, and is projected to reach $2,419 million by 2030, registering a CAGR of 4.9% from 2021 to 2030. ICU beds are designed to support infection control, enhance work efficacy, provide comfort, offer safety & ease of use, and enhance effective risk management in hospitals. They are equipped with accessories such as section mattress base, X-ray cassette holder, and stepless pneumatic adjustment for trendlenburg & anti-trendlenburg that are designed to support & assist the healthcare staff for their effective workflow.
Increase in number of surgical procedures, rise in geriatric population, and growth in incidences of chronic diseases, such as diabetes, asthma, blood pressure, and others, primarily boost the ICU beds market. In addition, rise in technological advancements in ICU beds and surge in investments in healthcare infrastructure by governments and private sectors are anticipated to drive the market growth during the forecast period. Moreover, rise in number of well-equipped and advanced infrastructure in hospitals, surge in number of surgical procedures, increase in adoption of electric beds in hospitals and ambulatory surgery centers, favorable reimbursement policies in developed countries, and increase in number of product launches are other factors that drive the growth of the market. However, low demand in underdeveloped countries is expected to hamper the market growth during the forecast period. Conversely, high market growth potential in emerging markets is expected to offer lucrative opportunities during the forecast period.
The World Health Organization (WHO) on January 30, 2020 declared COVID-19 outbreak a public health emergency of international concern. COVID-19 has affected around 210 countries across the globe. The COVID-19 pandemic is an unprecedented global public health challenge and is anticipated to have a positive impact on the ICU beds market. Rapid rise in confirmed cases of COVID-19 is boosting the intensive care community in the healthcare industry to get ready for challenges related with this pandemic. Patients with severe COVID-19 need nearly 14 days of respiratory support in the ICU. Therefore, rise in COVID-19 cases will supplement the ICU beds market growth during the forecast period.
The ICU beds market is segmented into type, application, end user, and region. On the basis of type, the market is categorized into full-electric beds, semi-electric beds, and manual beds. The full-electric beds are further segmented into hospitals, ambulatory surgery centers (ASC), and others. The semi-electric beds are further segmented into hospitals, ambulatory surgery centers (ASC), and others. The manual beds are further segmented into hospitals, ambulatory surgery centers (ASC), and others. By application, the market is divided into traditional ICU, pediatric ICU, and others. By end user, the market is classified into hospitals, ambulatory surgery centers (ASC), and others. Region-wise, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
On the basis of type, the manual beds segment is the major revenue contributor, and is projected to grow significantly during the forecast period. Manual beds are among the major needs for aged persons and patients with critical conditions. These beds offer several facilities, such as extra comfort & improved blood circulations, and are equipped with caregiver support, which is beneficial for geriatric patients. Therefore, this may increase the demand for manual beds, thereby driving the market growth during the forecast period.
By end user, the hospitals segment is the major shareholder in the ICU beds market, owing to the fact that hospitals are increasingly showing an inclination toward advanced ICU beds in hospital ICU. Moreover, rise in number of government initiatives to ensure high degree of chronic disease prevention measures, surge in geriatric population (as this population is more prone to various chronic diseases), and surge in number of hospitals with availability of advanced ICU beds boost the growth of the hospitals segment.
Asia-Pacific presents lucrative opportunities for key players operating in the ICU beds market, owing to increase in number of initiatives and enhanced investments from governments for overall R&D of ICU beds and rise in number of product approvals. In addition, ongoing innovations in ICU beds, availability of advanced healthcare systems, and significant surge in demand for advanced healthcare facilities contribute toward the growth of the market. Moreover, rise in number of medical device companies in emerging economies further boosts the growth of the market in this region. Furthermore, surge in focus of leading manufacturers on expanding their geographical presence in emerging Asia-Pacific countries to capture high market share is expected to drive the growth of the ICU beds market in the region.
The key players profiled in this report include DSV Panalpina A/S (Span-America Medical Systems, Inc.), Getinge AB, Hill-Rom Holdings Inc., Invacare Corporation, Joh. Stiegelmeyer & Co. GmbH (Stiegelmeyer GmbH & Co. KG), Linet Group SE (Linet spol. s.r.o.), Malvestio S.P.A., Medline Industries, Inc, Merivaara Corp., and Stryker Corporation.
Key Benefits For Stakeholders
Key Market Segments
By Type
By Application
By End User
By Region
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ICU beds are special beds designed to take care of critically ill patients in ICUs. These beds contain electric and manual controls, wheels and a brake, side rails, a removable headboard to allow procedures from the head of the bed, and intravenous (IV) pole mounts.
Rise in number of chronic diseases across the globe, increase in number of surgical procedures in ICUs, increase in number of hospitals and surgical centers with advanced ICU beds, and rise in preference for electric ICU beds, are expected to drive the growth of the ICU beds market. Moreover, presence of developed infrastructure in the healthcare industry and availability of trained professionals further boost the growth of the market. However, low product demand in underdeveloped countries is expected to hamper the market growth during the forecast period.
A. The total market value of ICU Beds Market is $2,419.3 Million in 2030
A. The forecast period in the report is from 2021 to 2030
A. The market value of ICU Beds Market in 2020 was $1,487.4 million
A. The base year for the report is 2020
A. Yes, ICU Beds Market companies are profiled in the report
A. The top companies that hold the market share in ICU Beds Market are DSV Panalpina A/S (Span-America Medical Systems, Inc.), Getinge AB, Hill-Rom Holdings Inc., Invacare Corporation & Joh. Stiegelmeyer & Co. GmbH (Stiegelmeyer GmbH & Co. KG)
A. No, there is no value chain analysis provided in the ICU Beds Market report
A. The key trends in the ICU Beds Market are increase in Increase in prevalence of chronic diseases among patients across the globe, rise in geriatric population and surge in adoption of technologically advanced electric beds in hospitals
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