by Market Overview:
The Global Intensive Care Beds Market consists of specialized beds that are used for critically ill patients in intensive care units or critical care units of hospitals. Intensive care beds are equipped with features such as adjustable height, sections and controls to improve patient safety, comfort and clinical workflow. They help support patients who require intense medical attention and monitoring by offering features like siderails, built-in scales, integrated medical devices mounts and headboards that can be moved and positioned for convenient access to patients. The growing elderly population, increasing incidence of chronic diseases and rising number of ICU admissions are some of the key factors driving the demand for intensive care beds.
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 Market 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 owing to the surging geriatric population, increasing incidence of chronic diseases, and rising ICU admission rates globally. Furthermore, growing investments in healthcare infrastructure development in developing nations are also fueling the market growth.
The intensive care beds market is expanding globally due to the increasing demand for advanced and customized critical care equipment around the world. Key manufacturers are focusing on new product launches, partnerships and expanding their presence across different geographies to tap the widespread opportunities.
Market Key Trends
One of the key trends gaining traction in the global intensive care beds market is the rising demand for customizable and personalized beds. Healthcare facilities and patients are increasingly demanding beds that can be customized and personalized as per individual requirements. This has prompted manufacturers to focus on developing highly customizable beds with adjustable features that can be tailored specifically for bariatric, pediatric or general adult patients. The customizable and personalized intensive care beds help provide enhanced patient safety, comfort and clinical outcomes. This trend towards customization and personalization is expected to continue in the coming years.
Porter’s Analysis
Threat Of New Entrants: High capital requirements and regulatory barriers create high barriers for new companies entering the global intensive care beds market.
Bargaining Power Of Buyers: Buyers have moderate bargaining power in the global intensive care beds market due to the availability of substitutes and necessity of the product.
Bargaining Power Of Suppliers: Suppliers have moderate bargaining power due to the differentiated nature of inputs and availability of substitutes.
Threat Of New Substitutes: Threat of new substitutes is low as intensive care beds have no close substitutes for critical care.
Competitive Rivalry: The global intensive care beds market is highly competitive due to the presence of numerous small and large players globally.
Geographical Regions
North America accounts for the largest share in the global intensive care beds market due to the presence of major players, developed healthcare infrastructure, and rising cases of chronic diseases. The majority of key players are based in North America, which boosts the sales of intensive care beds.
The Asia Pacific region is expected to witness the fastest growth during the forecast period owing to the improving healthcare infrastructure, rising medical tourism, growing geriatric population, and increasing incidences of chronic illnesses. Countries such as China, India, and Japan are making considerable investments in their healthcare sectors.
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 Market’s growth between 2024 and 2031.
:- Accurate calculation of the size of the Global Intensive Care Beds Market and its contribution to the market, with emphasis on the parent market
:- Realistic forecasts of future trends and changes in consumer behavior
:- Global Intensive Care Beds Market 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 Market vendors
FAQ’s
Q.1 What are the main factors influencing the Global Intensive Care Beds market?
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 Market companies compare in terms of sales, revenue, and prices?
Q.5 Which businesses serve as the Global Intensive Care Beds market’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:
- Source: CoherentMI, Public sources, Desk research
- We have leveraged AI tools to mine information and compile it
