The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032

The Business Research Company’s ICU beds market report forecasts the ICU beds market size to grow to $2.62 Billion by 2027, with a CAGR (compound annual growth rate) of almost 7%.

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ICU Beds Market Size Forecast
The global ICU beds market is expected to grow from $1.89 billion in 2022 to $2.01 billion in 2023 at a compound annual growth rate (CAGR) of 6.3%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The global ICU beds market is expected to grow to $2.62 billion in 2027 at a CAGR of 6.9%.

North America held the largest ICU beds market share.

Key ICU Beds Market Driver ­– Increase In Frequent Outbreaks Of Pandemics
During pandemics, most patients require ICU admission and this drives the market for ICU beds. Even in most well-developed countries, ICU beds are often close to capacity during such out-breaks. In United States, there are an estimated 34.2 ICU beds per 10,000 people, yet there is a surge in demand during recent COVID-19 pandemic. In Italy, there are about 12.5 ICU beds per 10,000 people. Due to the recent outbreak, with the rate of increase in the number of patients in intensive care with COVID-19, the demand for number of ICU beds continues to change. In China and India, it is only 3.6 and 2.3 beds per 10,000 people respectively, and the demand in such developing countries is huge. Patients with severe COVID-19 disease require approximately 14 days of respiratory support in ICU. Such lengthy treatment time will further stress resources. Therefore, the frequent outbreaks of pandemics are expected to drive the market for ICU beds.

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Key ICU Beds Market Trend – Launching Smart Beds
Smart beds help to automate and digitalize patient monitoring, improving overall efficiency. The smart beds are designed to facilitate the patient’s movement and help them regain normal movement faster, with the presence of monitoring systems. For example, in August 2022, Dozee, an India based medical equipment manufacturer, partnered with Midmark India, an India based hospital bed manufacturers, and launched a connected bed platform for non-ICU settings. Dozee’s sensor-based technology uses artificial intelligence (AI) to track vital parameters of the patient.

ICU Beds Market Segment
1) By Type: Electric Beds, Semi-Electric Beds, Manual Beds
2) By Application: Pediatric Intensive Care Unit, Neonatal Intensive Care Unit, Psychiatric Intensive Care Unit, Cardiac Intensive Care Unit, Neurological Intensive Care Unit, Trauma Intensive Care Unit, Post-Operative Recovery Unit, Surgical Intensive Care Unit, Mobile Intensive Care Unit
3) By End Use: General And Acute Care Hospitals, Specialized Hospitals, Multi-Specialty Hospitals, Ambulatory Surgery Centres (ASC), Other End Uses

ICU Beds Market Major Players and Strategies
Major players in the ICU beds market are Invacare Corporation, Paramount Bed Holdings Co. Ltd., Medline Industries Inc., Stiegelmeyer GmBH & Co. KG, Gendron Inc., LINET Group SE, Joerns Healthcare LLC., Span-America Medical Systems Inc., Malvestio S.P.A., and Merivaara Corp.

The ICU Beds Global Market Report 2023 covers regional data on ICU beds market size, ICU beds market trends and drivers, opportunities, strategies, and ICU beds market competitor analysis. The countries covered in the ICU beds market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, the UK, and the USA, and the major seven regions are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa.

The intensive care unit (ICU) is a specialized ward of a hospital that provides special medical attention to patients who require critical medical care.

View More Reports Related To The ICU Beds Market –
Smart Bed Global Market Report 2023
Home Bedding Global Market Report 2023
Bed Monitoring System And Baby Monitoring System Global Market Report 2023

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