The global intensive care beds market is primarily driven by the growing geriatric population globally and rising incidence of chronic diseases that require long-term medical care. Intensive care beds are specialized beds used in critical care units such as intensive care units (ICUs), neonatal intensive care units (NICUs), and pediatric intensive care units (PICUs). These beds are equipped with integrated medical devices and safety features to provide critical care and medical monitoring to patients with life-threatening injuries and illnesses. Intensive care beds allow easy accessibility for medical professionals and caregivers to patients. They also have adjustable heights, positions, and built-in weigh scales.
The Global Intensive Care Beds Market Size is estimated to be valued at US$ 3.45 Bn in 2024 and is expected to exhibit a CAGR of 7.9% over the forecast period 2024-2031.
Key Takeaways
Key players operating in the global intensive care beds are Stryker Corporation, Invacare Corporation, Hill-Rom Holdings, Inc., Getinge AB, Medline Industries, Inc., Stiegelmeyer GmbH & Co. Kg., Linet Spol. S.R.O., Merivaara Corp., Malvestio S.P.A, Nitrocare, DSV Panalpina A/S (Span-Amerca Medical Systems. Inc.), Amico Group of Companies, Midmark Corporation, Favero Health Projects Spa, Savion Industries, MESPA, Baxter, Narang Medical Limited., Arjo, PARAMOUNT BED CO., LTD., and Gita Mediquip PVT. LTD.
The demand for intensive care beds is growing significantly due to the increasing elderly population globally and rising incidence of chronic diseases such as cancer, cardiovascular diseases that often require long-term intensive care. Rapid improvements in healthcare infrastructure and expansion of healthcare facilities especially in emerging economies are also fueling the market growth.
Major players are focusing on expanding their presence in developing countries in the Asia Pacific, Latin America, and Middle East & Africa regions through acquisitions and partnerships with regional medical equipment providers. This allows them to leverage opportunities offered by growing healthcare investments in these untapped markets.
Market Key Trends
The intensive care beds market is witnessing the trend of advancement in technology with the integration of automated and telemonitoring systems. Vendors are introducing smart beds equipped with pressure ulcer prevention, fall prevention, bed exit alarm systems, and connectivity to nurse call systems. These smart beds enable remote monitoring of patients and reduce the burden on nurses and care providers. This allows early detection of health changes and improves patient health outcomes significantly. Ongoing R&D is focused on developing more innovative features such as integration of artificial intelligence for automated data collection and early warning of vital changes. This is expected to drive the demand for high-end critical care beds with advanced functionalities.
Porter’s Analysis
Threat Of New Entrants: High capital requirement and regulatory barriers impose high entry barriers for new players in this market.
Bargaining Power Of Buyers: Large healthcare institutions and government organizations have significant bargaining power over existing players due to bulk purchasing.
Bargaining Power Of Suppliers: The availability of substitutes for components limits the bargaining power of suppliers in this market.
Threat Of New Substitutes: Limited threat of substitution exists as alternative intensive care products have drawbacks compared to standard hospital beds that cater to critical patient care needs.
Competitive Rivalry: The market has the presence of several established players with differentiated products leading to high competitive rivalry.
Geographical Regions
North America is estimated to account for a significant share in the global intensive care beds market in terms of value during the forecast period. Factors such as increasing geriatric population, rising incidence of chronic diseases, and advanced healthcare facilities are driving the growth of the intensive care beds market in North America.
The intensive care beds market in Asia Pacific is expected to witness the fastest growth during the forecast period driven by factors such rapidly developing healthcare infrastructure, high unmet medical needs, and increasing healthcare expenditures in populous countries such as China and India.
What Are The Key Data Covered In This Global Intensive Care Beds Market Report?
:- Market CAGR throughout the predicted period
:- Comprehensive information on the aspects that will drive the Global Intensive Care Beds’s growth between 2024 and 2031.
:- Accurate calculation of the size of the Global Intensive Care Beds and its contribution to the market, with emphasis on the parent market
:- Realistic forecasts of future trends and changes in consumer behaviour
:- Global Intensive Care Beds Industry Growth in North America, APAC, Europe, South America, the Middle East, and Africa
:- A complete examination of the market’s competitive landscape, as well as extensive information on vendors
:- Detailed examination of the factors that will impede the expansion of Global Intensive Care Beds vendors
FAQ’s
Q.1 What are the main factors influencing the Global Intensive Care Beds?
Q.2 Which companies are the major sources in this industry?
Q.3 What are the market’s opportunities, risks, and general structure?
Q.4 Which of the top Global Intensive Care Beds companies compare in terms of sales, revenue, and prices?
Q.5 Which businesses serve as the Global Intensive Care Beds’s distributors, traders, and dealers?
Q.6 How are market types and applications and deals, revenue, and value explored?
Q.7 What does a business area’s assessment of agreements, income, and value implicate?
*Note:
1. Source: Coherent Market Insights, Public sources, Desk research
2. We have leveraged AI tools to mine information and compile it
About Author:
Ravina Pandya, Content Writer, has a strong foothold in the market research industry. She specializes in writing well-researched articles from different industries, including food and beverages, information and technology, healthcare, chemical and materials, etc. (https://www.linkedin.com/in/ravina-pandya-1a3984191)