ICU Beds Market By Type (Electric Beds, Semi-Electric Beds, and Manual Beds), By Application (Neonatal Intensive Care Unit, Pediatric Intensive Care Unit, Psychiatric Intensive Care Unit, Cardiac Intensive Care Unit, Neurological Intensive Care Unit, Trauma Intensive Care Unit, Post-Operative Recovery Unit, High Dependency Unit, Surgical Intensive Care Unit, and Mobile Intensive Care Unit), and By Region - Trends, Analysis and Forecast till 2029

ICU Beds Market accounted for USD 3.7 Billion in 2019 and is estimated to be USD 5.6 Billion by 2029 and is anticipated to register a CAGR of 4.3%.

ICU beds are intended to control infection, improve work efficacy, provide safety, comfort, & ease of use, and boost actual risk management in hospitals. ICU beds are armed with accessors such as X-Ray cassette holder, section mattress base, and stepless pneumatic adjustment for trendlenburg & anti-trendlenburg that are aimed to assist and support the healthcare staff for their effective workflow.

Growing number of COVID-19 patients demanding intensive care

Rapidly increasing confirmed cases of coronavirus disease are directing the healthcare market to prepare for the tasks associated with this pandemic. Hence, COVID-19 affected economies are continuously focusing on expanding their ICU bed ability that will help support the market growth. According to recent news article, patient suffering from coronavirus mainly needs an average treatment of 15 days in intensive care units. Therefore, increasing COVID-19 cases will drive the target market growth in the coming years. Additionally, the demand for new ICU beds in hospitals will also increase in the near future.

Rising demand for ICU beds from the hospitals and ICUs

The hospitals segment was estimated for about US$ 800 million and is expected to register considerable growth over the forecast period. Increasing growth in the number of hospital admissions and growing ratio of ICU beds to hospital beds are some of the major factors boosting the growth of the ICU beds market. For instance, as per the recently published report by Centre for Evidence-Based Medicine, in UK, the number of people admitted to hospitals with suffering from coronavirus ranked above 100,000.

However, high prices of ICU beds as associated with normal hospital beds and budget constraints of small hospitals limits growth of the target market.

ICU beds market is segmented based on type, application, and region.

On the basis of type, the ICU beds market is segmented into electric beds, semi-electric beds, and manual beds. On the basis of application, the global market is classified into neonatal intensive care unit, pediatric intensive care unit, psychiatric intensive care unit, cardiac intensive care unit, neurological intensive care unit, trauma intensive care unit, post-operative recovery unit, high dependency unit, surgical intensive care unit, and mobile intensive care unit.

Regional Insights:

On region the ICU beds market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. In North America, U.S. dominated the ICU beds market in 2019. Currently, rapid growth in the COVID-19 cases will expand the need for hospital admissions, thereby creating demand for intensive care beds over the forecast period. As per the data published by American Hospital Association in 2018, there are about 100,000 ICU beds in all community hospitals in the U.S. Inspite of large volume of ICU beds, the country is focusing on expanding their ICU capacity to fight COVID-19. Furthermore, growing prevalence of chronic diseases and increasing ageing population will further contribute to the global market growth.

Report Scope:

Segments Covered in the Report:

This report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends and opportunities in each of the sub-segments from 2020 to 2029. For the purpose of this study, has segmented the ICU beds market report based on type, application, and region.

ICU Beds Market, By Type:

• Electric Beds
• Semi-Electric Beds
• Manual Beds

ICU Beds Market, By Application:

• Neonatal Intensive Care Unit
• Pediatric Intensive Care Unit
• Psychiatric Intensive Care Unit
• Cardiac Intensive Care Unit
• Neurological Intensive Care Unit
• Trauma Intensive Care Unit
• Post-Operative Recovery Unit
• High Dependency Unit
• Surgical Intensive Care Unit
• Mobile Intensive Care Unit

ICU Beds Market, By Region:

• North America
  • Middle East & Africa
    • • GCC
      • Israel
      • South Africa
      • Rest of Middle East & Africa
  • Latin America
    • • Brazil
      • Mexico
      • Rest of Latin America
  • Asia Pacific
    • • China
      • India
      • Japan
      • South Korea
      • Rest of Asia Pacific
  • Europe
    • • Germany
      • UK
      • France
      • Russia
      • Italy
      • Rest of Europe
  • • U.S.
    • Canada

The key players operating in the ICU beds market includes Stryker Corporation, Hill-Rom Holdings, Inc., Getinge AB, Invacare Corporation, Malvestio S.P.A., Span-America Medical Systems, Inc., Medline Industries, Inc., Linet Spol. S.R.O., Stiegelmeyer GmbH & Co. Kg, and Merivaara Corp. Manufactures are primarily focusing on product innovation, geographical expansion, and merger & acquisition to gain a significant share in the target market. For instance, in May 2019, Lojer Oy declared that it has completed the acquisition of Merivaara Oy’s hospital bed business operations including stretchers and birthing beds, hospital and examination beds, to use product names related to Merivaara’s hospital bed operations for four years.

• Stryker Corporation
• Hill-Rom Holdings, Inc.
• Getinge AB
• Invacare Corporation
• Malvestio S.P.A.
• Span-America Medical Systems, Inc.
• Medline Industries, Inc.
• Linet Spol. S.R.O.
• Stiegelmeyer GmbH & Co. Kg
• Merivaara Corp.