What are the latest figures on the icu beds market’s size and projected CAGR?
The ICU beds market size has grown strongly in recent years. It will grow from $2.1 billion in 2024 to $2.23 billion in 2025 at a compound annual growth rate (CAGR) of 6.1%. The growth in the historic period can be attributed to aging population, technological advancements, healthcare infrastructure development, critical care demand.
The ICU beds market size is expected to see strong growth in the next few years. It will grow to $3.15 billion in 2029 at a compound annual growth rate (CAGR) of 9.0%. The growth in the forecast period can be attributed to ongoing healthcare infrastructure expansion, technological innovation, pandemic response and preparedness, chronic disease burden. Major trends in the forecast period include pandemic-driven demand, icu bed capacity expansion, technological advancements, patient comfort and safety.
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Which Market drivers have played a significant role in driving the icu beds market?
The market for ICU beds is experiencing exponential growth. Increasing COVID-19 cases across the globe pressurizes governments of emerging and developed countries to increase their intensive care capacities. Public health systems releasing funds to procure the needed hospital infrastructure, with ICU beds being one of the important requirements.
What are the key segments within the icu beds market?
The ICU beds market covered in this report is segmented –
1) By Type: Electric Beds, Semi-Electric Beds, Manual Beds
2) By Application: Pediatric Intensive Care Unit, Neonatal Intensive Care Unit, Psychiatric Intensive Care Unit, Cardiac Intensive Care Unit, Neurological Intensive Care Unit, Trauma Intensive Care Unit, Post-Operative Recovery Unit, Surgical Intensive Care Unit, Mobile Intensive Care Unit
3) By End Use: General And Acute Care Hospitals, Specialized Hospitals, Multi-Specialty Hospitals, Ambulatory Surgery Centers (ASC), Other End Uses
Subsegments:
1) By Electric Beds: Full Electric ICU Beds, Bariatric Electric ICU Beds
2) By Semi-Electric Beds: Manual Head/Foot Control ICU Beds, Electric Height Adjustment ICU Beds
3) By Manual Beds: Manual Height Adjustment ICU Beds, Manual Head/Foot Control ICU Beds
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Which key players are shaping the icu beds market?
Major companies operating in the ICU beds market include Stryker Corporation, Hill-Rom Holdings Inc., Getinge AB, Invacare Corporation, Paramount Bed Holdings Co Ltd., Joerns Healthcare LLC, LINET Group SE, Stiegelmeyer GmbH & Co KG, Hebei Pukang Medical Instruments Co Ltd., Malvestio SpA, Umano Medical Inc., Favero Health Projects Ltd., Gendron Inc., Graham-Field Health Products Inc., Drive Medical Limited, Medline Industries Inc., Merivaara Corp, Span-America Medical Systems Inc., Savion Industries Ltd., Nitrocare Medical Bed, Haelvoet NV, Nexus Medical LLC, Proma Reha Ltd., Jiangsu Saikang Medical Equipment Co Ltd., Zhangjiagang Medi Medical Equipment Co Ltd., Antano Group S.R.L, Novum Medical Products Inc., Integrity Medical Solutions Inc., Missaglia SpA, Besco Medical Limited
Which transformative trends will shape the icu beds market landscape?
Critical care is often described as expensive care that includes high cost of resources. In United States, although ICU beds comprise less than 10% of hospital beds, ICU departments consume 22% of total hospital costs. ICU beds tend to cost threefold higher than a bed in a general ward. ICU beds cost between $25,000 and $30,000, significantly more than other medical/surgical beds, which typically cost $5,000 to $10,000 a bed. Bariatric beds are even more expensive, which are nearly about $35,000 to $40,000 each. The escalating demand for critical care services puts a financial strain on both healthcare systems, and also on patients who pay completely or partially out-of-pocket for these services. Therefore, high prices of ICU beds are challenging the growth of this market.
How do regional factors impact the icu beds market, and which region is the largest contributor?
North America was the largest region in the ICU beds market in 2023. Western Europe was the second largest region in the ICU beds market. The regions covered in the icu beds market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
What Does The ICU Beds Market Report 2025 Offer?
The icu beds market research report from The Business Research Company offers global market size, growth rate, regional shares, competitor analysis, detailed segments, trends, and opportunities.
Intensive care unit (ICU) beds refer to specialized hospital beds designed for intensive care units, where critically ill or injured patients receive close monitoring and advanced medical care. These beds are equipped with features like adjustable height, built-in monitoring systems, and enhanced support to accommodate life-supporting equipment. ICU beds are essential for providing comfort, safety, and efficient care for patients requiring intensive medical attention.
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