Pune,India, Aug. 02, 2022 (GLOBE NEWSWIRE) -- According to MarketStudyReport, that global intensive care bed market size is estimated to grow at 4% CAGR between 2020 and 2026.
Apart from that, the research splits the market into sections premised on product type, application scope, and end-use, along with estimating growth rates for each vertical over 2020-2026. The document also uncovers the potential by determining market share for each segment during the evaluation period.
To identify prospective avenues, the report includes all of the regions that contribute to the industry's gross revenue margins. Moreover, the profiles of distinguished companies and their strategy implementations are thoroughly monitored to define the competitive hierarchy.
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The growth of market can be attributed to the surging cases of coronavirus as well as rising efforts across the world to flatten the curve and subsequently curb the infection spread. With the focus to enhance the healthcare infrastructure, there has been a notable increase in production and deployment of intensive care equipment, which is further escalating industry development.
COVID-19 Impact:
During the COVID-19 pandemic, the dire situation raised concerns about the capacity and readiness of medical infrastructure in different countries, particularly in terms of total number of ICU beds across health facilities.
With the number of COVID-19 cases boosting at an enormous speed, the intensive care equipment supply chain was under tremendous pressure. To alleviate this strain and meet rising demand, numerous participants ramped up manufacturing, and a multitude of players also ventured into worldwide intensive care beds business arena.
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Segmental Overview:
With respect to product type, the electric beds division was valued at USD 760 million in the year 2019 and is expected to showcase substantial growth during the projected timeframe, as these beds are advanced as well as convenient.
Concerning application scope, the general ICUs vertical was remunerated at USD 700 million in 2019 and is poised to expand at 3.5% CAGR through the forecast period.
Based on end-use ambit, the ambulatory surgical centers segment was worth USD 500 million in 2019 and is estimated to generate significant revenues over the review timeline.
Regional Analysis:
As per expert verbatim, Latin America industry generated revenues worth USD 152 million in 2019 and is slated to grow at 8.5% CAGR during the assessment period. Meanwhile, Middle East & Africa market was valued at USD 108 million in 2019 and is predicted to expand at 6% CAGR through 2028.
Competitive Dashboard:
The well-known companies in global intensive care beds industry are Ankitech, Stryker Corporation, Nitrocare EN, Hill-Rom Holdings Inc., Savion Industries LLP, MESPA, Mediwaves Inc., Paramount Bed Pvt Ltd., Getinge AB, Favero Health Projects, Invacare Corporation, Caretek Medical, Span-America Medical Systems Inc., Medline Industries Inc., Linet Spol. S.R.O., Arjo, Malvestio S.p.A., Stiegelmeyer GmbH & Co. KG, and HARD Manufacturing Company among others.
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Global Intensive Care Beds Market, By Product (Revenue, USD Million, 2015-2026)
- Manual Beds
- Electric Beds
- Other Beds
Global Intensive Care Beds Market, By Application (Revenue, USD Million, 2015-2026)
- Specialized ICUs
- General ICUs
- Pediatric and Neonatal ICUs
Global Intensive Care Beds Market, By End-Use (Revenue, USD Million, 2015-2026)
- Ambulatory Surgical Centers
- Hospitals
- Others
Global Intensive Care Beds Market, Regional Analysis (Revenue, USD Million, 2015-2026)
North America
- Canada
- U.S.
Europe
- Ukraine
- Germany
- Serbia
- Slovakia
- UK
- Slovenia
- France
- Portugal
- Romania
- Spain
- Netherlands
- Italy
- Russia
- Lithuania
- Austria
- Latvia
- Sweden
- Croatia
- Denmark
- Greece
- Estonia
- Turkey
- Finland
- Ireland
- Hungary
- Norway
- Czech Republic
- Switzerland
- Bulgaria
- Poland
- Belgium
Asia Pacific
- India
- Vietnam
- Japan
- Thailand
- Australia
- Singapore
- South Korea
- New Zealand
- Malaysia
- Taiwan
- Philippines
- Indonesia
- Pakistan
- Bangladesh
- Kazakhstan
- China
Latin America
- Paraguay
- Venezuela
- Brazil
- Uruguay
- Mexico
- Ecuador
- Argentina
- Cuba
- Chile
- Columbia
- Peru
MEA
- Iraq
- Qatar
- South Africa
- Iran
- Saudi Arabia
- Israel
- UAE
- Kuwait
- Egypt
- Jordan
Global Intensive Care Beds Market, Competitive Dashboard (Revenue, USD Million, 2015-2026)
- Ankitech
- Stryker Corporation
- Nitrocare EN
- Hill-Rom Holdings Inc.
- Savion Industries LLP
- MESPA
- Mediwaves Inc.
- Paramount Bed Pvt Ltd.
- Getinge AB
- Favero Health Projects
- Invacare Corporation
- Caretek Medical
- Span-America Medical Systems Inc.
- Medline Industries Inc.
- Linet Spol. S.R.O.
- Arjo
- Malvestio S.P.A.
- Stiegelmeyer GmbH & Co. KG
- HARD Manufacturing Company
Table of Content:
Chapter 1. Methodology
1.1. Methodology
1.2. Market definition
1.3. Forecast parameters
1.4. Data sources
1.4.1. Secondary
1.4.1.1. Paid sources
1.4.1.2. Unpaid sources
1.4.2. Primary
Chapter 2. Executive Summary
2.1. Intensive care beds industry 360 degree synopsis, 2015 - 2026
2.1.1. Business trends
2.1.2. Product trends
2.1.3. Application trends
2.1.4. End-use trends
2.1.5. Regional trends
Chapter 3. Intensive Care Beds Industry Insights
3.1. Industry segmentation
3.2. Industry landscape, 2015 - 2026
3.3. Industry impact forces
3.4. Growth potential analysis
3.5. COVID-19 impact analysis
3.6. Regulatory landscape
Chapter 4. Intensive Care Beds Market, By Product
4.1. Key segment trends
4.2. Electric Beds
4.2.1. Market size, by region, 2015 - 2026 (USD Million)
4.2.2. Market size, by region, 2015 - 2026 (Units)
4.3. Manual Beds
4.3.1. Market size, by region, 2015 - 2026 (USD Million)
4.3.2. Market size, by region, 2015 - 2026 (Units)
4.4. Other Beds
4.4.1. Market size, by region, 2015 - 2026 (USD Million)
4.4.2. Market size, by region, 2015 - 2026 (Units)
Chapter 5. Intensive Care Beds Market, By Application
5.1. Key segment trends
5.2. General ICUs
5.2.1. Market size, by region, 2015 - 2026 (USD Million)
5.2.2. Market size, by region, 2015 - 2026 (Units)
5.3. Specialized ICUs
5.3.1. Market size, by region, 2015 - 2026 (USD Million)
5.3.2. Market size, by region, 2015 - 2026 (Units)
5.4. Pediatric and Neonatal ICUs
5.4.1. Market size, by region, 2015 - 2026 (USD Million)
5.4.2. Market size, by region, 2015 - 2026 (Units)
Chapter 6. Intensive Care Beds Market, By End-use
6.1. Key segment trends
6.2. Hospitals
6.2.1. Market size, by region, 2015 - 2026 (USD Million)
6.2.2. Market size, by region, 2015 - 2026 (Units)
6.3. Ambulatory Surgical Centers
6.3.1. Market size, by region, 2015 - 2026 (USD Million)
6.3.2. Market size, by region, 2015 - 2026 (Units)
6.4. Others
6.4.1. Market size, by region, 2015 - 2026 (USD Million)
6.4.2. Market size, by region, 2015 - 2026 (Units)
Chapter 7. Intensive Care Beds Market, By Region
Related Report:
Medical Bed Market, Industry Analysis Report, Regional Outlook, Application Potential, Price Trends, Competitive Market Share & Forecast, 2020 - 2026
The global medical bed market size is estimated to witness an exponential growth in the future, with increasing healthcare expenditure across both developed and developing regions. A massive geriatric population base is likely to propel the demand for medical furniture as the elderly are at a higher risk of various chronic diseases. Rapid spread of the global COVID-19 pandemic during the first half of 2020 and an exponential rise in hospitalization rates had increased the demand for medical beds significantly. A second wave of the coronavirus outbreak has already hit several regions, including European countries, and is likely to affect many others. These trends will certainly augment the demand for medical beds in the near future. From a geographical perspective, Middle East and Africa medical bed industry size exceeded US$165 million in 2019 and will grow at a CAGR of more than 11.6% through 2026. The regional demand can be mainly attributed to increasing healthcare expenditure.
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