ICU Beds Market Scope
When demand for intensive care unit (ICU) beds exceeds supply, admissions may have to be prioritised. ICU beds are meant to help hospitals prevent infection, improve work efficiency, provide comfort, safety, and simplicity of use, and improve risk management. These come with accessories including a section mattress base, X-Ray cassette holder, and stepless pneumatic adjustment for trendlenburg and anti-trendlenburg, all of which are meant to aid and support healthcare workers in their work. The degree of care offered is the major difference between an ICU and a standard hospital floor (also known as Medical/Surgical). The intensive care unit (ICU) provides critical care to patients who have serious diseases or injuries that require continual monitoring.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
Key Companies Profiled | Stryker Corporation, Stryker Corporation (United States), Hill-Rom Holdings, Inc. (United States), Getinge AB (Sweden), Invacare Corporation (United States), Medline Industries, Inc. (United States), Linet Spol. S.R.O. (Czechia), Stiegelmeyer GmbH & Co. Kg (Germany) and Span-America Medical Systems, Inc. (United States) |
CAGR | 20.3% |
The companies are exploring the market by adopting mergers & acquisitions, expansions, investments, new service launches and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions to avail a competitive advantage through combined synergies. Research Analyst at AMA estimates that United States Players will contribute to the maximum growth of Global ICU Beds market throughout the predicted period.
Stryker Corporation, Stryker Corporation (United States), Hill-Rom Holdings, Inc. (United States), Getinge AB (Sweden), Invacare Corporation (United States), Medline Industries, Inc. (United States), Linet Spol. S.R.O. (Czechia), Stiegelmeyer GmbH & Co. Kg (Germany) and Span-America Medical Systems, Inc. (United States) are some of the key players that are part of study coverage. Additionally, the Players which are also part of the research are Malvestio S.P.A. (Italy) and Merivaara Corp. (Finland).
About Approach
The research aims to propose a patent-based approach in searching for potential technology partners as a supporting tool for enabling open innovation. The study also proposes a systematic searching process of technology partners as a preliminary step to select the emerging and key players that are involved in implementing market estimations. While patent analysis is employed to overcome the aforementioned data- and process-related limitations, as expenses occurred in that technology allows us to estimate the market size by evolving segments as target market from the total available market.
Segmentation Overview
The study have segmented the market of Global ICU Beds market by Type , by Application (Traditional ICU, Pediatric ICU and others) and Region with country level break-up.
On the basis of geography, the market of ICU Beds has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).
region held largest market share in the year 2023.
Market Leaders and their expansionary development strategies
In January, 2021 - Competition Commission of India (CCI) Approved Manipal Health’s Acquisition of Columbia Asia Hospitals, Valued Rs 2,100 Crore. The Integrated Business Will Have 27 Hospitals Spread Throughout 15 Cities, with over 7,300 Beds, over 4,000 Physicians, and 10,000 Workers.
In February, 2021 - Stryker Corporation Launched New Range Hospital Beds. The new ProCuity Bed Series is a Versatile, Low-Height Bed with Wireless Connectivity and Superior Fall Prevention Technology That Can Be Used in All Patient Care Situations, from MedSurg Units to the ICU.
Influencing Trend:
Technical Progress in Electronic Bed Systems
Market Growth Drivers:
Prevalence of Chronic Diseases and Infections and Rising Geriatric Population
Challenges:
Demand Kink Due to Unforeseen Instances and Fierce Competitive Pressure
Restraints:
Raw Material Price Fluctuation
Opportunities:
Rising Governmental Expenditure on Healthcare Infrastructure
Key Target Audience
ICU Beds Manufactures, New Entrants and Investors, Venture Capitalists, Government Bodies, Corporate Entities, Government and Private Research Organizations and Others