Market Overview:

Intensive care beds, also known as critical care beds, are sophisticated beds used in intensive care units (ICU) of hospitals. These beds are used to provide comfort, care, and safety to critically ill patients. ICU beds come equipped with integrated monitoring systems, safety rails, adjustable positions, integrated accessories, and other features that allow providing comprehensive care to patients. The growing prevalence of chronic diseases and accidents globally has increased ICU admissions, driving the demand for intensive care beds.

The intensive care beds market is estimated to be valued at US$ 3.45 Bn in 2023 and is expected to exhibit a CAGR of 7.9% over the forecast period 2023-2030, as highlighted in a new report published by CoherentMI.

Market Dynamics:

The intensive care beds market is driven by the growing geriatric population and increasing prevalence of chronic diseases. As per the Population Reference Bureau, the number of persons aged 65 years or over in 2030 is projected to be almost twice as large as in 2017—going from 52 million in 2017 to 95 million in 2030. The elderly population is more susceptible to chronic diseases. Furthermore, according to the WHO, chronic diseases accounted for approximately 59% of the global deaths in 2020. Cardiovascular diseases, cancer, diabetes, and chronic respiratory diseases, were responsible for over 15 million deaths annually. This has increased the ICU admission rates globally. Moreover, technological advancements in ICU beds, allowing remote monitoring of patients, is also fueling the market growth. However, the high cost of these beds is a major challenge for widespread adoption.

SWOT Analysis:

Strength: Intensive care beds have advanced technology to monitor patients. They are adjustable and come with features like bedsores prevention, integration of IV poles and ventilators. Their materials are anti-microbial to prevent infections. Manufacturers provide customization and high structural safety standards.
Weakness: Intensive care beds are expensive owing to advanced features. Their maintenance and servicing requires technical expertise. Transportation of such beds for patients specially designed for ICUs needs special logistics planning.
Opportunity: Increasing cases of chronic diseases, road accidents and lifestyle diseases are driving demand. Growing number of multi-specialty hospitals and ongoing pandemic has boosted installation of ICU beds. Tele-ICU services can expand market by remote monitoring.
Threats: Low penetration in price sensitive developing regions due to high costs. Supply chain disruptions and rising raw material prices can squeeze margins of manufacturers.

Global Intensive Care Beds Market Segmentation:

  • By Product Type
  • Manual Beds
  • Electric Beds
  • Bariatric Beds
  • Pediatric Beds
  • Others (Semi-electric beds and among others)
  • By Application
  • General ICU Beds
  • Pediatric and Neonatal Beds
  • Others (Specialized ICU and among others)
  • By End User
  • Hospitals
  • Homecare Settings
  • Nursing Homes
  • Others (Specialty clinics and among others)

Key Takeaways:

The global Intensive Care Beds Market Size is expected to witness high growth, exhibiting a CAGR of 7.9% over the forecast period, due to increasing prevalence of chronic diseases, lifestyle diseases and road accidents.

Regional analysis: North America region currently dominates the Intensive Care Beds Market owing to growing elderly population, rapid acceptance of advanced medical technologies and developed healthcare infrastructure. However, Asia Pacific is expected to witness fastest growth due to increasing healthcare expenditure, growing penetration of health insurance and rising medical tourism.

Key players operating in the Intensive Care Beds are Stryker Corporation, Invacare Corporation, Hill-Rom Holdings, Inc., Getinge AB, Medline Industries, Inc., Stiegelmeyer GmbH & Co. Kg., Linet Spol. S.R.O., Merivaara Corp., Malvestio S.P.A, Nitrocare, DSV Panalpina A/S (Span-Amerca Medical Systems. Inc.), Amico Group of Companies, Midmark Corporation, Favero Health Projects Spa, Savion Industries, MESPA, Baxter, Narang Medical Limited., Arjo, PARAMOUNT BED CO., LTD., and Gita Mediquip PVT. LTD.

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