Rise in the geriatric population, surge in government expenditure on healthcare, and increase in number of Covid-19 patients requiring intensive care have boosted the growth of the global ICU beds market. However, low product demand in underdeveloped countries hinders market growth. On the contrary, high market growth potential in emerging markets is expected to open new opportunities for the market players in the future.
According to the report, the global ” According to the report published by Allied Market Research ICU Beds Market Size was estimated at USD 1.48 billion in 2020, and is Projected to Garner USD 2.41 billion by 2030 registering a CAGR of 4.9% from 2021 to 2030.
Impact of Covid-19 Pandemic on ICU Beds Market:
- The Covid-19 pandemic affected the healthcare industry drastically. The rapid rise in number of cases of Covid-19 increased the demand for ICU beds as patients suffering from Covid-19 need nearly 14 days of respiratory support in the ICU.
- However, the prolonged lockdown across several regions hampered the supply chain and increased the prices of raw materials.
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Top ICU Beds Companies:
- DSV Panalpina A/S (Span-America Medical Systems, Inc.)
- Hill-Rom Holdings Inc.
- Getinge AB
- Joh. Stiegelmeyer & Co. GmbH (Stiegelmeyer GmbH & Co. KG)
- Invacare Corporation
- Malvestio S.P.A.
- Linet Group SE (Linet spol. s.r.o.)
- Merivaara Corp.
- Medline Industries Inc.
- Stryker Corporation
ICU Beds Market Segmentation:-
By Type
- Full-Electric Beds
- Semi-Electric Beds
- Manual Beds
By Application
- Traditional ICU
- Pediatric ICU
- Others
By End User
- Hospitals
- Ambulatory Surgery Centers (ASC)
- Others
By region, the market across North America held the largest share in 2020, accounting for more than one-third of the market, due to rise in the well-developed healthcare industry, high adoption rate of ICU beds, and presence of leading manufacturers in the region.
However, the global ICU beds market across Asia-Pacific is projected to manifest the highest CAGR of 5.7% during the forecast period, due to rise in the geriatric population and surge in people suffering from chronic diseases.
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Key Benefits For Stakeholders
- The study provides an in-depth analysis of the ICU beds market along with the current trends and future estimations to elucidate the imminent investment pockets.
- It offers ICU beds market analysis from 2020 to 2030, which is expected to enable the stakeholders to capitalize on the prevailing opportunities in the market.
- A comprehensive analysis of four regions is provided to determine the prevailing opportunities.
- The profiles and growth strategies of the key players are thoroughly analyzed to understand the competitive outlook of the global ICU beds market growth.
By Region Outlook
North America
⦁ U.S.
⦁ Canada
⦁ Mexico
Europe
⦁ UK
⦁ Germany
⦁ France
⦁ Italy
⦁ Russia
⦁ Rest of Europe
Asia-Pacific
⦁ China
⦁ Japan
⦁ India
⦁ Australia
⦁ Rest of Asia-Pacific
LAMEA
⦁ Brazil
⦁ UAE
⦁ Turkey
⦁ Saudi Arabia
⦁ Rest of LAMEA
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