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ICU Beds Market: Description
Intensive Care Unit (ICU) beds are hospital beds specially designed to be used by ICUs to care for critical patients. These beds can be multifunctional and provide comfort and safety for both caregivers as well as patients. These ICU beds can be used to improve work efficiency, comfort, safety, and ease of use. They also support infection control and risk management in hospitals. ICU beds are specialized hospital beds designed to provide critical care to patients who are critically ill or require constant monitoring. These beds are equipped with advanced technology and features that help medical professionals provide the best possible care to their patients. Modern ICU beds are increasingly being equipped with some of the key technologies such as:
Electric controls: ICU beds can be easily adjusted using electric controls, allowing medical professionals to quickly and easily change the bed's position and angle to suit the patient's needs.
Air mattresses: Many ICU beds feature air mattresses that can be adjusted to provide optimal pressure distribution, reducing the risk of pressure sores in patients who are bedridden.
Integrated monitoring systems: ICU beds are often equipped with integrated monitoring systems that allow medical professionals to monitor a patient's vital signs, such as heart rate, blood pressure, and oxygen levels, in real-time.
Built-in scales: Some ICU beds also come equipped with built-in scales that allow medical professionals to weigh patients without having to move them to a separate scale.
Mechanical ventilators: Some ICU beds feature mechanical ventilators that can help patients who are having difficulty breathing.
Trendelenburg position: ICU beds can also be placed in a Trendelenburg position, which means that the head of the bed is lower than the feet. This position can be helpful for patients with respiratory problems, as it helps improve breathing.
Overall, the latest ICU beds technology and features help medical professionals provide the best possible care to their critically ill patients which is bolstering technology in the ICU Beds Market.
Source: WMR
ICU Beds Market: Overview
The Global ICU Beds Market size stood at USD 1,487 Million in 2022 and is projected to reach USD 2,419 million by the end of 2033, exhibiting a CAGR of 4.9% over the forecast period of 2023 to 2033.
The demand for ICU beds will rise as more patients with COVID-19 will be admitted to hospitals. Additionally, the market for intensive care beds will grow due to increasing hospital admissions from severe coronavirus diseases. According to recent data recorded by the World Health Organization, approximately 15% to 20% of the COVID-19-infected Chinese population needed hospitalization, and between 40% and 55% of COVID-19 patients were admitted to hospitals in Italy and Spain. Additionally, the growing number of elderly people with chronic respiratory illnesses and an increase in investment in healthcare will result in accruing intensive care beds worldwide.
Source: WMR
ICU Beds Market: Key Trends
The rising rate of hospitalization is the primary driver for the ICU Beds Market:
The rise in hospital beds has been attributed to heightened hospitalizations and increased health coverage. Lives of people change according to their lifestyles and change in environmental circumstances. Due to the spread of diseases like smallpox or swine flu, people are more concerned about their health. To prevent complications, anyone who is ill with even a minor fever, should seek medical attention immediately. The number of hospitalizations has risen from the previous decade. Various public and private sector organizations offer healthcare coverage for hospitalized patients. This insurance covers the hospitalization cost. Some companies also require reimbursement to their employees and their families. The result is a rise in hospitalizations which accelerates the growth of global hospital beds.
Huge investment in the healthcare sector done by Governments has been fuelling the development of the ICU Beds Market.
An acceleration in healthcare spending will lead to improvements, which will result in a rise in demand. The National Health Expenditure Accounts (NHEA) predicts that healthcare spending in the United States will rise by as much as 4.6 % to USD 3.8 Trillion in 2019. Hospital care was the largest expense in America, with a total of USD 1.3 trillion. The result was that there were approximately 1 million beds in hospitals across the United States. In 2019, Sweden spent approximately 11% of its GDP on healthcare, while Germany spent nearly 11.7%. Thus, there were 491 hospital beds per 100,000 people. This is a significant difference from the 244 in Sweden and 813 in Germany.
ICU Beds Market: COVID-19 Impact
The rapid rise in confirmed cases of coronavirus diseases is encouraging the healthcare market's intensive care to be prepared for the pandemic. The COVID-19-affected countries are focusing their efforts on increasing ICU beds to support market expansion. According to a recent news article, patients who survive the coronavirus infection usually spend 15 days in intensive care units. The market will thus see an increase in COVID-19-related cases over the forecast period.
ICU Beds Market: Segmentation Analysis
Key Players:
Hill-Rom Holdings
Getinge AB
Invacare Corporation
Medline Industries
Linet Spol. S.R.O
Stiegelmeyer GmbH
Span-America Medical Systems
Malvestio
Merivaara
Paramount Bed Holdings Co., Ltd.
Gendron Inc.
Mentok Healthcare
Narang Medical Limited
Surgitech, Meditek Engineers
Hill-Rom Services Inc.
OPTIUM MEDIKAL LTD. STI.
NOA Medical Industries Inc.
Foshan Dahao
Medical Technology Co., Ltd.
ICU Beds Market based on type
Full-Electric Beds
Semi-electric Beds
Manual Beds
The Electric Beds segment led the market and accounted for the significant share of the global revenue in 2022. This high share is attributed to its portability and superb comfort. Electric Beds, followed by The Manual Beds segment, is anticipated to register a significant growth rate. This was valued at around USD 570 million in 2022. This growth is attributed to its cost-effectiveness and minimum manufacturing costs compared to other ICU beds. As the COVID-19 infected people have risen globally, the Manual Intensive Care Beds demand will increase over the forecast period.
Source: WMR
ICU Beds Market based on ICU Type
Traditional Medical ICU
High Dependency Unit
Pediatric ICU
Neonatal ICU
Cardiac care ICU
Post Anesthesia ICU
Trauma ICU
Mobile ICU
Psychiatric ICU
The high dependency ICU segment has been dominating the market and is anticipated to grow at a CAGR of 4.9% over the forecast period. This type of ICU offers intensive care to patients with severe medical conditions. This high growth is attributed to its advantages, such as excellent physician convenience, low risk of infections, and expert nurses.
ICU Beds Market based on control panel
Remote
Touch
Switch
Revolving Gear
ICU Beds Market based on Material
Stainless Steel
Aluminum
Copper
Alloy with Powder Coated
ABS
Others
ICU Beds Market based on Component
Up to Three Functions
Up to Five Functions
Up to Seven Functions
CPR Functions
Castors
Head & Foot board
Side Railing
Monitors
Cameras
Sensors
Others
ICU Beds Market based on end-user
General Hospitals
Ambulatory Surgery Centers
Multi-Specialty Hospitals
Specialized Hospitals
Others
The General Hospitals segment dominated the global ICU Beds Market, and it was valued at around USD 800 million. This high share is attributed to the growing numbers of surgical procedures done at hospitals and increasing hospital admissions.
ICU Beds Market: Regional Analysis
North America dominated the Global ICU Beds market, and it was valued at over USD 480 million in 2022. This is because of the rising number of hospital admissions due to COVID-19 infection, resultant it has been fueling the demand for intensive care beds in the forthcoming years. Furthermore, the rising geriatric population and growth in the prevalence of chronic diseases are anticipated to drive the market's growth.
The Asia Pacific region is anticipated to witness significant growth in the forthcoming years. This growth owes to the significantly increasing investments in the healthcare infrastructure, rising number of hospital admission, and growing geriatric population which is suffering from chronic illness.
Competitive Landscape:
Hill-Rom Holdings, Getinge AB, Invacare Corporation, Medline Industries, Linet Spol. S.R.O, Stiegelmeyer GmbH, Span-America Medical Systems, Malvestio, Merivaara, Paramount Bed Holdings Co., Ltd., Gendron Inc., Mentok Healthcare, Narang Medical Limited, Surgitech, Meditek Engineers, Hill-Rom Services Inc., OPTIUM MEDIKAL LTD. STI., NOA Medical Industries Inc., Foshan Dahao, Medical Technology Co., Ltd
Report Scope
ICU Beds Market Forecast Year: 2023-2033
ICU Beds Market 2022: USD 1,487 Million
ICU Beds Market 2033: USD 2,419 Million
ICU Beds Market CAGR: 4.9%
Key Regions and Countries: North America, Europe, Asia Pacific, LAMEA
Key Segments: Product Type, Application, Material, Component, and End-User
1. Global ICU Beds Market Introduction and Market Overview
1.1. Objective of the Market Research Study
1.2. ICU Beds Market Definition & Description
1.3. Research Data Parameters & Reporting Timelines
1.3.1. Historical Data Reporting Years 2020 to 2021
1.3.2. Projected Data Reporting Years 2022 to 2033
1.3.3. Reporting Data Parameters Value (US$ Million) & Volume (Units)
1.4. Global ICU Beds Market Scope and Market Estimation
1.4.1. Global ICU Beds Overall Market Size (US$ Million) & (Units), Market CAGR (%), Market Estimates & Forecast (2020 to 2033)
1.4.2. Global ICU Beds Market Revenue Share (%) and Growth Rate (Y-o-Y) from 2020 to 2033
1.5. ICU Beds Market Segmentation
1.5.1. Type of Global ICU Beds Market
1.5.2. Control Panel of Global ICU Beds Market
1.5.3. Material of Global ICU Beds Market
1.5.4. Component of Global ICU Beds Market
1.5.5. ICU Type of Global ICU Beds Market
1.5.6. End User of Global ICU Beds Market
1.5.7. Key Regions of Global ICU Beds Market
2. Global ICU Beds Market - Executive Summary
2.1. Global ICU Beds Market Summary & Snapshot
2.2. Global ICU Beds Market, By Type (US$ Million) & (Units)
2.3. Global ICU Beds Market, By Control Panel (US$ Million) & (Units)
2.4. Global ICU Beds Market, By Material (US$ Million) & (Units)
2.5. Global ICU Beds Market, By Component (US$ Million) & (Units)
2.6. Global ICU Beds Market, By ICU Type (US$ Million) & (Units)
2.7. Global ICU Beds Market, By End User (US$ Million) & (Units)
2.8. Global ICU Beds Market, By Geography (US$ Million) & (Units)
2.9. Global ICU Beds Market Outlook & Future Opportunities
3. ICU Beds Market Trends, Outlook, and Factors Analysis
3.1. Global ICU Beds Market Industry Development Trends under COVID-19 Outbreak
3.1.1. Global COVID-19 Status Overview
3.1.2. Influence of COVID-19 Outbreak on Global ICU Beds Market Industry Development
3.1.3. Pre & Post COVID-19 Trends and Scenarios
3.2. Market Dynamics (Growth Impacting Factors & Rationales)
3.2.1. Drivers
3.2.1.1. Rise in Volume of Surgical Procedures Worldwide
3.2.1.2. Increasing burden of chronic diseases
3.2.1.3. Rise in government spending on healthcare
3.2.1.4. Growing number of COVID -19 cases
3.2.1.5. Driver 5
3.2.2. Restraints
3.2.2.1. Excessive cost of ICU beds
3.2.2.2. Restraint 2
3.2.3. Opportunities
3.2.3.1. Technological innovations such as smart bed systems, remote or centralized control systems, and others.
3.2.3.2. Increasing demand for customized beds
3.2.3.3. Opportunity 3
3.2.4. Impact Analysis of Drivers and Restraints
3.3. Ecosystem/ Value Chain Analysis
3.4. Porters Five Forces Analysis
3.5. SWOT Analysis
3.6. PEST Analysis
3.7. Average Selling Prices and Pricing Trends Analysis of ICU Beds Market
3.8. Technological Roadmap
3.9. Key Investment Pockets of ICU Beds Market
3.9.1. By Type
3.9.2. By Control Panel
3.9.3. By Material
3.9.4. By Component
3.9.5. By ICU Type
3.9.6. By End User
3.9.7. By Regions
4. Global ICU Beds Market: Estimates & Historic Trend Analysis (2020 to 2021)
4.1. Global ICU Beds Market, 2020 2021 (US$ Million) & (Units)
4.2. Global ICU Beds Market, By Type, 2020 to 2021 (US$ Million) & (Units)
4.3. Global ICU Beds Market, By Control Panel, 2020 to 2021 (US$ Million) & (Units)
4.4. Global ICU Beds Market, By Material, 2020 to 2021 (US$ Million) & (Units)
4.5. Global ICU Beds Market, By Component, 2020 to 2021 (US$ Million) & (Units)
4.6. Global ICU Beds Market, By ICU Type, 2020 to 2021 (US$ Million) & (Units)
4.7. Global ICU Beds Market, By End User, 2020 to 2021 (US$ Million) & (Units)
4.8. Global ICU Beds Market, By Region, 2020 to 2021 (US$ Million) & (Units)
5. Global ICU Beds Market Estimates & Forecast Trend Analysis, by Type
5.1. Global ICU Beds Market Share (%) Estimates and Forecasts, by Type, 2022 & 2033
5.2. Global ICU Beds Market Size (US$ Million) & (Units) Estimates and Forecasts, by Type, 2022 to 2033
5.2.1. Full-Electric Beds
5.2.2. Semi-Electric Beds
5.2.3. Manual Beds
6. Global ICU Beds Market Estimates & Forecast Trend Analysis, by Control Panel
6.1. Global ICU Beds Market Share (%) Estimates and Forecasts, by Control Panel, 2022 & 2033
6.2. Global ICU Beds Market (US$ Million) & (Units) Estimates and Forecasts, by Control Panel, 2022 to 2033
6.2.1. Remote
6.2.2. Touch
6.2.3. Switch
6.2.4. Revolving Gear
7. Global ICU Beds Market Estimates & Forecast Trend Analysis, by Material
7.1. Global ICU Beds Market Share (%) Estimates and Forecasts, by Material, 2022 & 2033
7.2. Global ICU Beds Market (US$ Million) & (Units) Estimates and Forecasts, by Material, 2022 to 2033
7.2.1. Stainless Steel
7.2.2. Aluminium
7.2.3. Copper
7.2.4. Alloy with Powder Coated
7.2.5. ABS
7.2.6. Others
8. Global ICU Beds Market Estimates & Forecast Trend Analysis, by Component
8.1. Global ICU Beds Market Share (%) Estimates and Forecasts, by Component, 2022 & 2033
8.2. Global ICU Beds Market (US$ Million) & (Units) Estimates and Forecasts, by Component, 2022 to 2033
8.2.1. Up to Three Functions
8.2.2. Up to Five Functions
8.2.3. Up to Seven Functions
8.2.4. CPR Functions
8.2.5. Castors
8.2.6. Head & Foot board
8.2.7. Side Railing
8.2.8. Monitors
8.2.9. Cameras
8.2.10. Sensors
8.2.11. Others
Global ICU Beds Market Estimates & Forecast Trend Analysis, by ICU Type
8.3. Global ICU Beds Market Share (%) Estimates and Forecasts, by ICU Type, 2022 & 2033
8.4. Global ICU Beds Market (US$ Million) & (Units) Estimates and Forecasts, by ICU Type, 2022 to 2033
8.4.1. Traditional Medical ICU
8.4.2. Cardiac Care ICU
8.4.3. Neonatal ICU
8.4.4. Pediatric ICU
8.4.5. Trauma ICU
8.4.6. Psychiatric ICU
8.4.7. Post Anesthesia ICU
8.4.8. High Dependency Unit
8.4.9. Mobile ICU
Global ICU Beds Market Estimates & Forecast Trend Analysis, by End User
8.5. Global ICU Beds Market Share (%) Estimates and Forecasts, by End User, 2022 & 2033
8.6. Global ICU Beds Market (US$ Million) & (Units) Estimates and Forecasts, by End User, 2022 to 2033
8.6.1. General Hospitals
8.6.2. Multi-Specialty Hospitals
8.6.3. Specialized Hospitals
8.6.4. Ambulatory Surgery Centers
8.6.5. Others
9. Global ICU Beds Market Analysis and Forecast, by Region
9.1. Global ICU Beds Market Share (%) Estimates and Forecasts, by Region, 2022 & 2033
9.2. Global ICU Beds Market (US$ Million) & (Units) Estimates and Forecasts, by Region, 2022 to 2033
9.2.1. North America
9.2.2. Europe
9.2.3. Asia Pacific
9.2.4. Middle East and Africa
9.2.5. Latin America
10. North America ICU Beds Market: Estimates & Forecast Trend Analysis
10.1. North America ICU Beds Market Assessments & Key Findings
10.2. North America ICU Beds Market Share (%) Estimates and Forecasts, 2022 & 2033
10.3. North America ICU Beds Market Size Estimates and Forecast (US$ Million) & (Units) (2022 to 2033)
10.3.1. By Type
10.3.2. By Control Panel
10.3.3. By Material
10.3.4. By Component
10.3.5. By ICU Type
10.3.6. By End User
10.3.7. By Major Country
10.3.7.1. The U.S.
10.3.7.2. Canada
11. Europe ICU Beds Market: Estimates & Forecast Trend Analysis
11.1. Europe ICU Beds Market Assessments & Key Findings
11.2. Europe ICU Beds Market Share (%) Estimates and Forecasts, 2022 & 2033
11.3. Europe ICU Beds Market Size Estimates and Forecast (US$ Million) & (Units) (2022 to 2033)
11.3.1. By Type
11.3.2. By Control Panel
11.3.3. By Material
11.3.4. By Component
11.3.5. By ICU Type
11.3.6. By End User
11.3.7. By Major Country
11.3.7.1. Germany
11.3.7.2. The U.K.
11.3.7.3. France
11.3.7.4. Italy
11.3.7.5. Spain
11.3.7.6. Rest of Europe (includes all other European countries)
12. Asia Pacific ICU Beds Market: Estimates & Forecast Trend Analysis
12.1. Asia Pacific ICU Beds Market Assessments & Key Findings
12.2. Asia Pacific ICU Beds Market Share (%) Estimates and Forecasts, 2022 & 2033
12.3. Asia Pacific ICU Beds Market Size Estimates and Forecast (US$ Million) & (Units) (2022 to 2033)
12.3.1. By Type
12.3.2. By Control Panel
12.3.3. By Material
12.3.4. By Component
12.3.5. By ICU Type
12.3.6. By End User
12.3.7. By Major Country
12.3.7.1. China
12.3.7.2. Japan
12.3.7.3. India
12.3.7.4. ASEAN
12.3.7.5. South Korea
12.3.7.6. Rest of Asia Pacific (includes all other Asia Pacific countries)
13. Middle East & Africa ICU Beds Market: Estimates & Forecast Trend Analysis
13.1. Middle East & Africa ICU Beds Market Assessments & Key Findings
13.2. Middle East & Africa ICU Beds Market Share (%) Estimates and Forecasts, 2022 & 2033
13.3. Middle East & Africa ICU Beds Market Size Estimates and Forecast (US$ Million) & (Units) (2022 to 2033)
13.3.1. By Type
13.3.2. By Control Panel
13.3.3. By Material
13.3.4. By Component
13.3.5. By ICU Type
13.3.6. By End User
13.3.7. By Major Country
13.3.7.1. GCC
13.3.7.2. South Africa
13.3.7.3. Egypt
13.3.7.4. Rest of Middle East & Africa (includes all other Middle East & Africa countries)
14. Latin America ICU Beds Market: Estimates & Forecast Trend Analysis
14.1. Latin America Market Assessments & Key Findings
14.2. Latin America ICU Beds Market Share (%) Estimates and Forecasts, 2022 & 2033
14.3. Latin America ICU Beds Market Size Estimates and Forecast (US$ Million) & (Units) (2022 to 2033)
14.3.1. By Type
14.3.2. By Control Panel
14.3.3. By Material
14.3.4. By Component
14.3.5. By ICU Type
14.3.6. By End User
14.3.7. By Major Country
14.3.7.1. Brazil
14.3.7.2. Mexico
14.3.7.3. Rest of Latin America (includes all other Latin America countries)
15. Competitive Landscape
15.1. Market Revenue Share Analysis (%), by Major Players (2021)
15.2. Market Competition Matrix, by Leading Players
15.3. List of Emerging, Prominent and Leading Players
15.4. Major Mergers & Acquisitions, Partnership, Joint Venture, Expansions, Deals, Recent Developments, etc.
16. Company Profiles
16.1. Stryker
16.1.1. Company Overview & Insights
16.1.2. Financial Performance
16.1.3. Product / Service Portfolio
16.1.4. Geographical Footprint & Share
16.1.5. Strategic Initiatives & Key Developments
*Similar details would be provided for all the players mentioned below
16.2. Hill-Rom Holdings
16.3. Getinge AB
16.4. Invacare Corporation
16.5. Medline Industries
16.6. Linet Spol. S.R.O
16.7. Stiegelmeyer GmbH
16.8. Span-America Medical Systems
16.9. Malvestio
16.10. Merivaara
16.11. Paramount Bed Holdings Co., Ltd.,
16.12. Gendron Inc.
16.13. Mentok Healthcare
16.14. Narang Medical Limited
16.15. Surgitech
16.16. Meditek Engineers
16.17. Hill-Rom Services Inc.
16.18. OPTIUM MEDIKAL LTD. STI.
16.19. NOA Medical Industries Inc.
16.20. Foshan Dahao Medical Technology Co., Ltd.
16.21. Others
17. Assumptions and Research Methodology
17.1. Data Mining
17.2. Secondary Research
17.3. Primary Research
17.4. Subject Matter Expert Advice
17.5. Quality Check
17.6. Final Review
17.7. Data Triangulation
17.8. Bottom-Up Approach
17.9. Top Down Approach
17.10. Research Flow
17.11. Key Insights from Industry Experts
17.12. Data Materials
17.13. Assumptions
17.14. Limitations
18. Conclusions and Recommendations
18.1. Key Research Findings and Conclusion
18.2. Key Insights & Recommendations from Analysts