Intensive Care Beds Market
Report ID: SQMIG35A2781
Intensive Care Beds Market Size, Share, Growth Analysis, By Product(Electric Beds, Manual Beds), By Application(General ICUs, Specialized ICUs, Pediatric and Neonatal ICUs), By End-user(Hospitals, Ambulatory Surgical Centers), By Region - Industry Forecast 2024-2031
Report ID:
SQMIG35A2781 |
Region:
Global |
Published Date: February, 2024
Pages:
219
|Tables:
88
|Figures:
71
Intensive Care Beds Market Insights
Global Intensive Care Beds Market size was valued at USD 1.7 billion in 2021 and is poised to grow from USD 1.80 billion in 2022 to USD 2.87 billion by 2030, at a CAGR of 6% during the forecast period (2023-2030).
The global intensive care beds market is a crucial segment within the healthcare industry. These specialized beds play a pivotal role in the treatment and care of critically ill patients, offering advanced features and functionalities to ensure the best possible patient outcomes.
The demand for intensive care beds has been on the rise, driven by an aging population, increased prevalence of chronic diseases, and a growing awareness of the importance of critical care in medical treatment. Hospitals and healthcare facilities worldwide are continually upgrading their equipment, including intensive care beds, to meet the evolving healthcare needs of their patient populations.
Moreover, technological advancements in this sector have led to the development of more efficient and patient-centric designs. Surging focus on providing high-quality healthcare is projected to remain a constant driver for the intensive care beds market as intensive care beds ensure the comfort of people in their most critical moments.
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Intensive Care Beds Market Segmental Analysis
The global intensive care beds market is segmented on the basis of product, application, end-user, and region. Based on product, the market is segmented as Electric Beds, Manual Beds. On the basis of application, the market is segmented as General ICUs, Specialized ICUs, Pediatric and Neonatal ICUs. Based on end-users, it is segregated into Hospitals, Ambulatory Surgical Centers. Based on region, the market is segmented into North America, Europe, Asia Pacific, Middle East and Africa, and Latin America.
Analysis by Product
Electric beds have emerged as the dominating product in the intensive care beds market due to their advanced features and user-friendly design. They offer greater flexibility and comfort for both patients and healthcare professionals, with adjustable height, backrest, and leg rest positions. Electric beds have become the preferred choice in modern healthcare settings for their ability to enhance patient care and streamline medical procedures.
Moreover, Electric beds are also the fastest-growing segment in the market. This growth can be attributed to the increasing demand for advanced healthcare solutions, rising awareness of patient comfort and safety, and the need for efficient caregiving. Healthcare facilities are increasingly investing in electric beds to provide superior patient care, reduce manual handling, and improve overall operational efficiency.
Analysis by Application
General ICUs continue to dominate the Intensive Care Beds market due to their widespread use across various medical conditions. They cater to a broad patient demographic, including adults with a wide range of critical illnesses. Their versatility and high demand within hospital settings make them the prevailing choice in the market.
Moreover, Pediatric and Neonatal ICUs are experiencing the fastest growth in the market. This growth is driven by advancements in neonatal care, increasing premature births, and a growing emphasis on specialized pediatric critical care. The demand for specialized beds designed for infants and children is rising, creating a significant growth opportunity within this segment.
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Intensive Care Beds Market Regional Insights
North America stands as the dominating region in the Global Intensive Care Beds market. This dominance can be attributed to its well-established healthcare infrastructure, technological advancements, and high healthcare expenditure. The region's commitment to providing top-quality medical care, coupled with a significant aging population, fuels the demand for intensive care beds.
Surging investments in the development of healthcare infrastructure and rising healthcare expenditure are estimated to be key prospects driving intensive care beds market growth in the Asia Pacific region. The high incidence of chronic disorders requiring critical care and the growing geriatric population also contribute to making this region the fastest-growing regional market in the world. Increasing rates of hospitalization and efforts of government to improve access to critical healthcare solutions and services also contribute to market growth in this region. China, India, and Japan are slated to spearhead the demand for intensive care beds in the Asia Pacific region across the forecast period.
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Intensive Care Beds Market Dynamics
Drivers
Technological Advancements
- Integration of advanced technologies to enhance patient comfort and equip them with advanced monitoring capabilities has resulted in the rising popularity of smart beds. Growing demand for intensive care beds with smart technologies is slated to create new opportunities for intensive care bed manufacturers in the future.
Restraints
High Cost of Intensive Care Beds
- A significant restraint in the Global Intensive Care Beds market is the high cost associated with these specialized medical devices. The price of advanced intensive care beds can be substantial, and this can pose a challenge for healthcare facilities with budget constraints. The cost factor can limit adoption rates, especially in regions with limited healthcare funding.
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Intensive Care Beds Market Competitive Landscape
The global intensive care beds market features a highly competitive landscape characterized by several prominent players vying for market share. These companies are continually striving to enhance their product offerings through research and development initiatives.
Innovation remains a focal point as manufacturers aim to introduce advanced features and technologies, including smart monitoring systems and ergonomic designs, to meet the evolving needs of healthcare facilities.
Partnerships and collaborations are also prevalent as companies seek to expand their market reach and distribution networks. Additionally, the market is witnessing increased focus on sustainability and eco-friendly manufacturing practices, reflecting the industry's commitment to environmental responsibility.
Top Player’s Company Profiles
- DSV Panalpina A/S (Denmark)
- Getinge AB (Sweden)
- Hill-Rom Holdings Inc. (US)
- Invacare Corporation (US)
- Joh. Stiegelmeyer & Co. GmbH (Germany)
- Linet Group SE (Czech Republic)
- Malvestio S.P.A. (Italy)
- Medline Industries, Inc. (US)
- Merivaara Corp. (Finland)
- Stryker Corporation (US)
- Arjo AB (Sweden)
- PARAMOUNT BED CO., LTD. (Japan)
- Span-America Medical Systems, Inc. (US)
- Famed Zywiec Sp. z o.o. (Poland)
- LINET spol. s.r.o. (Czech Republic)
Recent Developments
- In March 2023, GF Health Products Inc., a renowned manufacturer of medical products, announced the launch of a new American 7200 bed.
- Stryker Corporation, an American medical technology provider, announced the launch of SmartMedic in India in March 2023. This is the first-of-its-kind ICU bed upgrade platform available in India.
- Hill-Rom Holdings Inc., a leading medical technology company, launched its new Smart Patient Monitoring System in April 2023. This new system integrates data from monitors, patient’s beds, and other devices to offer a better overview of the patient’s condition.
- May 2023: ArjoHuntleigh, a medical device supplier based in Sweden, launched a new ICU bed with innovative new features. The iC1000 ICU bed is equipped with a built-in patient lift and a wireless patient monitoring system along with other features.
- Electis ICU bed designed to improve patient safety and care was launched by Getinge Group in June 2023.
Intensive Care Beds Key Market Trends
- Rising Demand for Smart Intensive Care Beds: Smart intensive care beds allow healthcare professionals to monitor the vitals of patients in real-time and provide data that could improve patient outcomes. The rising popularity of remote patient monitoring and integration of smart beds with healthcare information systems is opening up new possibilities to improve patient comfort and treatment outcomes. Hence, demand for smart intensive care beds is forecasted to surge on a global level as the proliferation of digitization increases in the healthcare space.
Intensive Care Beds Market SkyQuest Analysis
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Correlates, and Analyses the Data collected by means of Primary Exploratory Research backed by robust Secondary Desk research.
As per our analysis, a growing aging population and rising incidence of chronic diseases are projected to be key factors driving intensive care beds market growth going forward. Rising demand for high-quality patient care and efforts to improve patient outcomes are also slated to boost sales of intensive care beds over the coming years. The popularity of energy-efficient intensive care beds is also estimated to increase notably in the future as the focus on sustainability increases in the healthcare space. However, the high costs of intensive care beds are projected to limit intensive care beds market growth in the long run.
Expanding healthcare infrastructure is projected to create attractive opportunities for intensive care bed suppliers in the Asia Pacific and Middle East regions going forward. Growing demand for better healthcare in these regions and rising disposable income could also favor market growth in the future. Increasing integration of artificial intelligence, IoT (Internet of Things), and other advanced technologies into intensive care beds will be a key trend that is projected to offer attractive new opportunities for intensive care bed vendors in the future. This trend will be supported by the rising proliferation of digital technologies in the healthcare industry vertical.
| Report Metric | Details |
|---|---|
| Market size value in 2021 | USD 1.7 billion |
| Market size value in 2030 | USD 2.87 billion |
| Growth Rate | 6% |
| Base year | 2023 |
| Forecast period | 2023-2030 |
| Forecast Unit (Value) | USD Billion |
| Segments covered |
|
| Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
| Companies covered |
|
| Customization scope | Free report customization with purchase. Customization includes:-
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Table Of Content
Executive Summary
Market overview
- Exhibit: Executive Summary – Chart on Market Overview
- Exhibit: Executive Summary – Data Table on Market Overview
- Exhibit: Executive Summary – Chart on Intensive Care Beds Market Characteristics
- Exhibit: Executive Summary – Chart on Market by Geography
- Exhibit: Executive Summary – Chart on Market Segmentation
- Exhibit: Executive Summary – Chart on Incremental Growth
- Exhibit: Executive Summary – Data Table on Incremental Growth
- Exhibit: Executive Summary – Chart on Vendor Market Positioning
Parent Market Analysis
Market overview
Market size
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- SWOT Analysis
KEY MARKET INSIGHTS
- Technology Analysis
- (Exhibit: Data Table: Name of technology and details)
- Pricing Analysis
- (Exhibit: Data Table: Name of technology and pricing details)
- Supply Chain Analysis
- (Exhibit: Detailed Supply Chain Presentation)
- Value Chain Analysis
- (Exhibit: Detailed Value Chain Presentation)
- Ecosystem Of the Market
- Exhibit: Parent Market Ecosystem Market Analysis
- Exhibit: Market Characteristics of Parent Market
- IP Analysis
- (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
- Trade Analysis
- (Exhibit: Data Table: Import and Export data details)
- Startup Analysis
- (Exhibit: Data Table: Emerging startups details)
- Raw Material Analysis
- (Exhibit: Data Table: Mapping of key raw materials)
- Innovation Matrix
- (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
- Pipeline product Analysis
- (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
- Macroeconomic Indicators
COVID IMPACT
- Introduction
- Impact On Economy—scenario Assessment
- Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
- Revised Market Size
- Exhibit: Data Table on Intensive Care Beds Market size and forecast 2021-2027 ($ million)
- Impact Of COVID On Key Segments
- Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
- COVID Strategies By Company
- Exhibit: Analysis on key strategies adopted by companies
MARKET DYNAMICS & OUTLOOK
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- Regulatory Landscape
- Exhibit: Data Table on regulation from different region
- SWOT Analysis
- Porters Analysis
- Competitive rivalry
- Exhibit: Competitive rivalry Impact of key factors, 2021
- Threat of substitute products
- Exhibit: Threat of Substitute Products Impact of key factors, 2021
- Bargaining power of buyers
- Exhibit: buyers bargaining power Impact of key factors, 2021
- Threat of new entrants
- Exhibit: Threat of new entrants Impact of key factors, 2021
- Bargaining power of suppliers
- Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
- Competitive rivalry
- Skyquest special insights on future disruptions
- Political Impact
- Economic impact
- Social Impact
- Technical Impact
- Environmental Impact
- Legal Impact
Market Size by Region
- Chart on Market share by geography 2021-2027 (%)
- Data Table on Market share by geography 2021-2027(%)
- North America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- USA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Canada
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Europe
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Germany
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Spain
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- France
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- UK
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Europe
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Asia Pacific
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- China
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- India
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Japan
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Korea
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Asia Pacific
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Latin America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Brazil
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of South America
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Middle East & Africa (MEA)
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- GCC Countries
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Africa
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of MEA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
KEY COMPANY PROFILES
- Competitive Landscape
- Total number of companies covered
- Exhibit: companies covered in the report, 2021
- Top companies market positioning
- Exhibit: company positioning matrix, 2021
- Top companies market Share
- Exhibit: Pie chart analysis on company market share, 2021(%)
- Total number of companies covered
Methodology
For the Intensive Care Beds Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Intensive Care Beds Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Analyst Support
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Intensive Care Beds Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Intensive Care Beds Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
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