Global Hospital ICU Beds Market – Industry Trends and Forecast to 2029

Global Hospital ICU Beds Market, By Technology (Electric or Motorized, Semi Electric or Hybrid, Mechanical or Manual), Control Panel (Remote, Touch, Switch, Revolving Gear), Material (Stainless Steel, Aluminium, Copper, Alloy With Powder Coated, ABS, Others), Components (Up To Three Functions, Up To Five Functions, Upto Seven Functions, CPR Functions, Castors, Head and Foot board, Side Railing, Monitors, Cameras, Sensors, Others), ICU Type (Traditional Medical ICU, Cardiac Care ICU, Neonatal ICU, Pediatric ICU, Trauma ICU, Psychiatric ICU, post Anthesia CU, High Dependency Unit, Mobile ICU), End Use (General Hospitals, Multi-Speciality Hospitals, Specialized Hospitals, Ambulatory Surgery Centres, Others) – Industry Trends and Forecast to 2029.

Hospital ICU Beds Market Analysis and Size

The market for hospital ICU beds is anticipated to rise during forecast period. The rising incidence of chronic diseases, technological improvements, an increase in occurrences of lifestyle diseases, a rising elderly population, and building healthcare infrastructure are all expected to have a significant impact on the global market for hospital ICU beds.

Data Bridge Market Research analyses that the hospital ICU beds market which was USD 4.06 billion in 2021, would rocket up to USD 5.91 billion by 2029, and is expected to undergo a CAGR of 4.80% during the forecast period 2022 to 2029. In addition to the market insights such as market value, growth rate, market segments, geographical coverage, market players, and market scenario, the market report curated by the Data Bridge Market Research team also includes in-depth expert analysis, patient epidemiology, pipeline analysis, pricing analysis, and regulatory framework.

Hospital ICU Beds Market Scope and Segmentation      

Market Definition

ICU beds are specialty beds that assist infection control, offer comfort, effectiveness, safety, and convenience of use, and improve successful risk management in hospitals. These have assessors, an x-ray cassette base holder, and step-less pneumatic adjustments for the use of medical staff, whereas the unexpected and rapid spread of the COVID-19 pandemic has greatly increased the demand for ICU beds.

Hospital ICU Beds Market Dynamics

Drivers

• Rise in chronic diseases

The market is being driven by an increase in surgical operations and the ageing of the population, while the demand for ICU beds will rise as chronic disorders including diabetes, asthma, blood pressure, and others rise owing to changing lifestyles. Additionally, growing government initiatives for the construction of healthcare infrastructure and technological innovation are factors projected to fuel market growth.

• Rise in healthcare expenditure

The primary growth drivers for the hospital bed market globally are rising healthcare infrastructural development, the development of private healthcare facilities, and the development of advanced hospital bed solutions. For instance, 8.2 million people died from cancer in 2012, and according to GLOBOCAN, there were around 14.1 million new cancer cases diagnosed globally.

Opportunities

• Increase in the number of research and development activities 

The hospital ICU beds market's growth is fueled by rising incidence of chronic diseases, the growing geriatric population, increasing healthcare spending. This will provide beneficial opportunities for the hospital ICU beds market growth.

Moreover, increase in the number of emerging markets and new product launches will further provide beneficial opportunities for the hospital ICU beds market growth during the forecast period.

Restraints/Challenges

• High Cost of ICU Beds

Comparatively higher cost of ICU beds can adversely impact the hospital ICU beds market growth. Lack of reimbursement in developing regions can also hamper the hospital ICU beds market growth.

This hospital ICU beds market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the hospital ICU beds market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.

COVID-19 Impact on Hospital ICU Beds Market

COVID-19 has a positively impact on the market. Although there has been tremendous pressure on healthcare authorities and health services to draught and communicate preparedness plans that consist of the increase in number of ICU beds, to accommodate gravely ill patients, due to the frequent outbreaks of pandemic diseases like Influenza, Ebola, and the recent Covid-19. The majority of patients during pandemics need ICU admission, which drives up the need for ICU devices. As a result, it is projected that the global market will grow in the near future.

Global Hospital ICU Beds Market Scope

The hospital ICU beds market is segmented on the basis of technology, control panel, materials, components, ICU type and end-use. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.

Technology

• Electric or Motorized
• Semi Electric or Hybrid
• Mechanical or Manual

Control Panel

• Remote
• Touch
• Switch
• Revolving Gear

Material

• Stainless Steel
• Aluminium
• Copper
• Alloy With Powder Coated
• ABS, Others

 Components

• Up To Three Functions
• Up To Five Functions
• Upto Seven Functions
• CPR Functions, Castors
• Head and Foot board
• Side Railing, Monitors
• Cameras
• Sensors
• Others

ICU Type

• Traditional Medical ICU
• Cardiac Care ICU
• Neonatal ICU
• Pediatric ICU
• Trauma ICU
• Psychiatric ICU
• post Anthesia CU
• High Dependency Unit
• Mobile ICU

End Use

• General Hospitals
• Multi-Speciality Hospitals
• Specialized Hospitals
• Ambulatory Surgery Centres
• Others

Hospital ICU Beds Market Regional Analysis/Insights

The hospital ICU beds market is analysed and market size insights and trends are provided by country, technology, control panel, materials, components, ICU type and end-use as referenced above.

The countries covered in the hospital ICU beds market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.

North America dominates the hospital ICU beds market due to exponential outbreak of pandemic COVID-19 which will trigger the demand for ICU beds in the forecast period.

Asia-Pacific is expected to grow at the highest growth rate in the forecast period of 2022 to 2029 due to the rising health awareness among the people and growing demand of advanced medical technology.

The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.

Competitive Landscape and Hospital ICU Beds Market Share Analysis

The hospital ICU beds market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to hospital ICU beds market.

Some of the major players operating in the hospital ICU beds market are:

• GENERAL ELECTRIC (U.S.)
• Koninklijke Philips N.V. (Netherlands)
• Baxter (U.S.)
• Drägerwerk AG & Co. KGaA (Germany)
• Medtronic (Ireland)
• Fresenius Medical Care AG & Co. KGaA (Germany)
• Nihon Kohden Corporation (Japan)
• Stryker (U.S.)
• BD (U.S.)
• Shenzhen Mindray Bio-Medical Electronics Co., Ltd. (China)
• ResMed (U.S.)
• Siemens (Germany)
• ICU Medical, Inc. (U.S.)
• Terumo Corporation (Japan)
• B. Braun Melsungen AG (Germany)