ICU Beds Global Market Report 2024

The icu beds market size has grown strongly in recent years. It will grow from $2.02 billion in 2023 to $2.15 billion in 2024 at a compound annual growth rate (CAGR) of 6.9%. The growth observed in the historical period can be attributed to several factors, including the aging population, technological advancements in healthcare, the development of healthcare infrastructure, and the increased demand for critical care services. These elements collectively contributed to the growth and expansion of the ICU bed market in the past.

The icu beds market size is expected to see strong growth in the next few years. It will grow to $2.9 billion in 2028 at a compound annual growth rate (CAGR) of 7.7%. The anticipated growth in the forecast period can be attributed to various factors, including the continued expansion of healthcare infrastructure, ongoing technological innovations, preparedness for pandemic response, and the burden of chronic diseases. Additionally, significant trends expected in the forecast period encompass increased demand driven by pandemic-related factors, the expansion of ICU bed capacity, continued technological advancements in critical care, and a growing focus on enhancing patient comfort and safety within the ICU setting.

The market for ICU beds is witnessing significant growth due to the surge in COVID-19 cases globally, compelling both emerging and developed countries to expand their intensive care capacities. Public health systems are allocating funds to acquire necessary hospital infrastructure, with ICU beds being a crucial requirement in this process.

The primary categories of ICU beds available on the market include electric beds, semi-electric beds, and manual beds. Electric ICU beds are equipped with control panels or handsets that allow for electronic adjustments, as opposed to manual repositioning by medical staff. These ICU beds serve various medical applications, encompassing pediatric intensive care units, neonatal intensive care units, psychiatric intensive care units, cardiac intensive care units, neurological intensive care units, trauma intensive care units, post-operative recovery units, surgical intensive care units, and mobile intensive care units. These beds find use in general and acute care hospitals, specialized hospitals, multi-specialty hospitals, ambulatory surgery centers (ASCs), and other healthcare facilities.

The ICU beds market research report is one of a series of new reports that provides ICU beds market statistics, including ICU beds industry global market size, regional shares, competitors with a ICU beds market share, detailed ICU beds market segments, market trends and opportunities, and any further data you may need to thrive in the ICU beds industry. This ICU beds market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

Anticipated growth in the number of hospitals is expected to drive the expansion of the ICU beds market. Hospitals serve as healthcare institutions equipped with medical expertise and resources to provide a wide spectrum of medical services. ICU beds within hospitals offer critical care for patients with severe medical conditions, enabling advanced monitoring, life support, and specialized medical attention. For instance, as of May 2023, the United States reported 6,129 hospitals, marking a 0.591% increase from the previous year, which saw 6,093 hospitals. Consequently, the escalating number of hospitals is propelling the growth of the ICU beds market.

Recurrent outbreaks of pandemic diseases such as Influenza, Ebola, and most recently, COVID-19, have exerted significant pressure on healthcare authorities and services to devise preparedness plans, including augmenting the number of ICU beds to cater to critically ill patients. During pandemics, a surge in ICU admissions is witnessed as most patients necessitate intensive care. Even in developed countries, ICU beds are often at capacity during such crises. For instance, the United States possesses an estimated 34.2 ICU beds per 10,000 individuals, yet experienced heightened demand during the recent COVID-19 pandemic. Italy maintains around 12.5 ICU beds per 10,000 individuals, indicating a similar surge in demand during outbreaks. However, in developing nations like China and India, there exist only 3.6 and 2.3 ICU beds per 10,000 individuals, respectively, indicating a substantial demand in these regions. Patients with severe COVID-19 usually require approximately 14 days of ICU-based respiratory support, thereby significantly stressing resources. Consequently, the recurrent outbreaks of pandemics are expected to drive the demand for ICU beds.

Critical care is widely known for its high expenses, notably in the United States, where ICU beds, constituting less than 10% of total hospital beds, account for 22% of overall hospital costs. ICU beds are considerably pricier, roughly three times the cost of a general ward bed. A standard ICU bed may range between $25,000 and $30,000, significantly higher than the typical cost of $5,000 to $10,000 for a medical/surgical bed. Furthermore, specialized bariatric beds incur even higher costs, reaching approximately $35,000 to $40,000 each. The increasing demand for critical care services places substantial financial pressure on both healthcare systems and patients, whether paying entirely or partially out-of-pocket for these services. The exorbitant prices of ICU beds present a challenge to the market's growth.

The emergence of smart beds represents a notable trend gaining traction in the ICU beds market. Smart beds provide an automated, digitalized approach to patient monitoring, enhancing overall efficiency. They are specifically designed to support patient movement and expedite recovery through integrated monitoring systems. For instance, in August 2022, Dozee, an India-based medical equipment manufacturer, partnered with Midmark India, an India-based hospital bed manufacturer, to introduce a connected bed platform primarily for non-ICU settings. Dozee's sensor-based technology, employing artificial intelligence (AI), enables the tracking of vital patient parameters.

Key players in the ICU beds market are intensifying their focus on introducing multifunctional ICU beds like the Hillrom Progressa+ to secure a competitive edge in the industry. The Hillrom Progressa+ bed, designed for the ICU, represents a next-generation offering that integrates new technologies and features to facilitate nurse-patient care and support patient recovery. For instance, in June 2023, Baxter International Inc., a US-based healthcare company, launched the Hillrom Progressa+ bed for ICU. This innovative bed encompasses technologies aimed at addressing pulmonary needs, preventing skin issues, and supporting early mobility protocols. It offers in-bed percussion, vibration, and continuous lateral rotation therapies to reduce pulmonary complications linked with immobility. The bed also features flexible frame options to ensure patients' safe and easy movement, including one-button FullChair positioning with chair egress and an integrated 3-mode bed exit alarm, ensuring patient safety while in bed.

Major companies operating in the icu beds market include Stryker Corporation, Hill-Rom Holdings Inc., Getinge AB, Invacare Corporation, Paramount Bed Holdings Co Ltd., Joerns Healthcare LLC, LINET Group SE, Stiegelmeyer GmbH & Co KG, Hebei Pukang Medical Instruments Co Ltd., Malvestio SpA, Umano Medical Inc., Favero Health Projects Ltd., Gendron Inc., Graham-Field Health Products Inc., Drive Medical Limited, Medline Industries Inc., Merivaara Corp, Span-America Medical Systems Inc., Savion Industries Ltd., Nitrocare Medical Bed, Haelvoet NV, Nexus Medical LLC, Proma Reha Ltd., Jiangsu Saikang Medical Equipment Co Ltd., Zhangjiagang Medi Medical Equipment Co Ltd., Antano Group S.R.L, Novum Medical Products Inc., Integrity Medical Solutions Inc., Missaglia SpA, Besco Medical Limited

North America was the largest region in the ICU beds market in 2023. Western Europe was the second largest region in the ICU beds market. The regions covered in the icu beds market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa

The countries covered in the icu beds market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Italy, Spain, Canada

The Intensive Care Unit (ICU) Beds market consists of sales of gatch beds, low air loss beds, motor powered beds, and collapsible hospital beds. Values in this market are factory gate values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.


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