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Intensive Care Beds Market Trends & Forecast | 2022-2028
Intensive Care Beds Market Size, Share, Trend, Growth, Industry & Forecast Analysis (2022-2028)
The market is Segmented by Product Type (Electric Beds, Manual Beds, and Other Beds), by Application Type (General ICUs, Specialized ICUs, Pediatric and Neonatal ICUs), by End-Use Type (Hospitals, Ambulatory Surgical Centers, and Others), and by Region (North America, Europe, Asia-Pacific, and Rest of the World).
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The market is expected to reach USD 2.3 Bn by 2028 from USD 1.7 Bn in 2021.
Intensive care beds are used in intensive care units (ICUs). These specialist units provide treatment and care for people who are seriously ill patients. They consist of additional equipment, such as ventilators, feeding tubes, etc. Intensive care beds are of different types, such as electric beds, manual beds, and other beds. They are used in different applications such as general ICUs, specialized ICUs, pediatric and neonatal ICUs.
The market is expected to grow at a CAGR of 4.28% during the forecast period.
Some of the key players in the Intensive Care Beds market are- Getinge AB, Hill-Rom Holdings Inc., Invacare Corporation, Linet Spol. S.R.O., Malvestio S.P.A., Medline Industries Inc., Merivaara Corp., Span-America Medical Systems Inc., Stiegelmeyer GmbH & Co. Kg.,Stryker Corporation.
North America is estimated to be the largest region in the market owing to a growing percentage of the geriatric population in the regional market.
The prime factor that is contributing to the growth of the market are - The growing demand for intensive care beds is mainly due to the proliferation of the COVID-19 pandemic, which in turn, is bolstering demand for ICU units. Increase in aging population and growth in chronic diseases are also some of the major factors responsible for the growth of the global ICU beds market. The surge in emergency hospital visits due to better insurance coverage and higher disposable income less than before will impel the hospital bed market.