Global Intensive Care Beds Market is anticipated to rise at a value CAGR of 4.10% over 2019-2028. According to a study published by Insure Insights on the Global Intensive Care Beds Market. Intensive Care CU beds are those beds used in intensive care units (ICUs); they are also known as critical care units (CCUs) or intensive therapy units (ITUs). These are specialized beds that are used to provide treatment and care for patients who are seriously ill. The increase in healthcare spending has driven the demand for Intensive Care Beds Market

Top Driver: The COVID- 19 outbreak has escalated the demand for Intensive Care Beds

The surge in the COVID-19 cases day by day, rise in the hospital admissions, increase in demand for beds that provide a better medical facility, and growth in the emergency medical conditions have triggered the demand for Intensive Care Beds, worldwide. The increase in the geriatric population and the rising incidences of chronic disorders like cancer, congestive heart failure, cardiac arrest, and asthma have elevated the demand for ICU beds. The government spending’s for ICU beds for the COVID patients have further enhanced the demand of the market

Infusion pump has held the highest market growth 

Based on the product, the market is segmented into Electric beds, Manual beds, and Others. Manual beds have held the highest market share as they are less expensive, and the manufacturing costs of these beds are relatively less as compare to other beds, the Covid-19 Outbreak has significantly boosted the demand for manual ICU beds

In terms of the Applications, Specialized ICU’s segment, have held the most remarkable growth as they provide more care for the patients, especially in emergency medical conditions. They are more convenient for the physician, nurses, and other medical staff as it reduces the risk of infections. In terms of End User, the hospital segment has obtained the lucrative growth, due to the rise in the hospital admission around the world.

The COVID-19 outbreak have driven demand for ICU beds in the  North American market

The surge in the COVID-19 cases has triggered the demand for hospital admissions and has thus raised the demand for intensive care beds. Moreover, the upsurge seen in people with chronic disorders like cardiac arrest, stroke, asthma, have expanded the market revenue of North America. The Asia Pacific market is anticipated to rise with the height growth in the forecast owing to the growing number of coronavirus cases in countries like China and India and have improved the demand for beds with ventilators.

Technological advancements, product launches, mergers, and acquisition, are the major strategies of the competitors

The Players of the Global Intensive Care Beds Market is fragmented.  Technological advances, Product launches, Mergers, and acquisitions, are the key strategies used by the competitors   The key competitors of the Global Intensive Care Beds Market are Stryker, Hill-Rom Holdings, Getinge, Invacare, Medline, Malvestio, Stiegelmeyer, Linet Spol. S.R.O., Merivaara Span-America Medical Systems, and Caretek Medical.

Stryker: Stryker is the major competitor of the Global Intensive Care Beds Market; for instance, In April 2020, Stryker, had announced, the launch of Emergency Response Bed For Covid-19, Patients. It is a low-cost, limited-release emergency response bed to quickly assist healthcare providers with efficient care during the COVID-19 pandemic.

Hill-Rom Holdings: Hill-Rom Holdings is a popular competitor in the Global Intensive Care Beds market. In August 2019, Hill-Rom Holdings had announced the acquisition of Breathe Technologies; they are developer and manufacturer of a patented wearable, non-invasive ventilation technology. The deal was done for USD 130 million. The acquisition was made by Hill-Rom Holdings to expand its Respiratory Care portfolio.

Scope of the Report

By Product

• Electric Beds
• Manual Beds
• Other Beds

By Application

• General ICUs
• Specialized ICUs
• Pediatric and Neonatal ICUs

By End User

• Hospitals
• Ambulatory Surgical Centers
• Others

By Region

• North America
• Europe
• Asia Pacific
• LAMEA

Key Reasons to Purchase this Report

1. It provides a technological development map over time to understand the growth rate of the industry.
2. The report offers a dynamic method to various factors that drive or restrain the growth of the market.
3. It renders definite analysis for changing competitive dynamics.
4. It builds a seven-year estimate based on how the market is predicted to grow.