ICU Beds Market to Showcase High Growth; to cross USD 3.7 BN Mark by 2026
Posted On October 06, 2020
During the period of 2020-2026 it is expected that the Global ICU Beds Market will showcase a CAGR of 4%. The market is foreseen to reach USD 3.7 BN by 2026 while it was valued at USD 2.8 BN in 2019 as stated in a the published market study by Value Market Research. There is a growing demand for ICU beds due to increased chronic disorders and surgical procedures among the global population. The rise in the geriatric population and infrastructural investments in the healthcare sector will boost market growth. Growing instances of highly infectious diseases like COVID-19 and contamination rates will further propel this market's growth. Increasing per capita income and home care services will be a market booster. Emerging technological advancements and smart beds with advanced features like Wi-Fi, robotics will create a surge in demand for ICU beds. The main roadblock affecting this market is the high cost of the beds.
ICU beds are specialized beds used in intensive care units to provide treatment and care for seriously ill people. These beds are versatile and have several features that help the medical staff offer quicker treatment in emergency and infection control. A standard ICU bed has electric and manual controls, wheels, side rails, a brake, intravenous (IV) pole mounts, and a removable headboard to allow procedures like endotracheal intubation, vascular access from the head of the bed. Other features include automatic lateral therapy, X-raying, computerized weighing, temperature control, Wi-Fi, therapy reminders, hands-free emergency CPR, etc.
The initial sections of the report "Global ICU Beds Market Report By Product (Electric Beds, Semi-Electric Beds, Manual Beds), By Application (Neonatal Intensive Care Unit, Pediatric Intensive Care Unit, Psychiatric Intensive Care Unit, Cardiac Intensive Care Unit, Neurological Intensive Care Unit, Trauma Intensive Care Unit, Post-Operative Recovery Unit, High Dependency Unit, Surgical Intensive Care Unit, Others) And By Regions - Industry Trends, Size, Share, Growth, Estimation And Forecast, 2019-2026" starts with the introduction, a crisp market summary followed by detailed revenue analysis as per segments and regions. The market drivers responsible for pushing the market growth are discussed in length in the report. The ICU Beds market opportunities are useful to identify the profit canters and take the strategic decision accordingly.
On the basis of Product the market is segmented into Electric Beds, Semi-Electric Beds, Manual Beds. By Application the ICU Beds market is categorised as Neonatal Intensive Care Unit, Pediatric Intensive Care Unit, Psychiatric Intensive Care Unit, Cardiac Intensive Care Unit, Neurological Intensive Care Unit, Trauma Intensive Care Unit, Post-Operative Recovery Unit, High Dependency Unit, Surgical Intensive Care Unit, Others.The other regions studied in the report are North America, Europe, Latin America and Middle East & Africa. The regional spread of all the segments and sub segments are detailed in the report.
The Report Segments Global ICU Beds Market -
- Electric Beds
- Semi-Electric Beds
- Manual Beds
- Neonatal Intensive Care Unit
- Pediatric Intensive Care Unit
- Psychiatric Intensive Care Unit
- Cardiac Intensive Care Unit
- Neurological Intensive Care Unit
- Trauma Intensive Care Unit
- Post-Operative Recovery Unit
- High Dependency Unit
- Surgical Intensive Care Unit
- North America
- Latin America
- Middle East & Africa
Players Profiled In the Report:
Stryker Corporation, Hill-Rom Holdings, Inc., Getinge AB, Invacare Corporation, and Medline Industries, Inc.
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