Intensive Care Beds Market Size By Product (Electric Beds, Manual Beds), By Application (General ICUs, Specialized ICUs, Pediatric and Neonatal ICUs), By End-use (Hospitals, Ambulatory Surgical Centers), Industry Analysis Report, Regional Outlook, Growth Potential, Price Trends, Competitive Market Share & Forecast, 2020 – 2026

Published Date: Apr 2020  |  Report ID: GMI4635  |  Authors: Sumant Ugalmugle, Rupali Swain

Report Format: PDF   |   Pages: 300   |   Base Year: 2019

Summary Table of Contents Industry Coverage Methodology

Industry Trends

Intensive Care Beds Market size exceeded USD 1.6 billion in 2019 and is estimated to grow at a CAGR of over 4% between 2020 and 2026. Increase in number of COVID-19 cases across the world is one of the significant factors enhancing the market growth. The industry is forecast to show around 100% growth from the year 2019 to 2020. The high incidence rate of coronavirus disease has generated a potential market for intensive care beds (ICU) across the globe.

Intensive Care Beds Market

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Rising hospital admissions and growing geriatric population prone to chronic and acute disorders along with increasing investment on healthcare facilities and growing number of beds in the community hospitals are the factors boosting the growth.

Intensive Care Beds Market Report Coverage
Report Coverage Details
Base Year: 2019 Market Size in 2019: USD 1,629.5 Million
Historical Data for: 2015 to 2019 Forecast Period: 2020 to 2026
Forecast Period 2020 to 2026 CAGR: 4.0% 2026 Value Projection: USD 4,085.6 Million
Pages: 300 Tables, Charts & Figures: 1008
Geographies covered (70): U.S., Canada, Germany, UK, France, Spain, Italy, Russia, Austria, Sweden, Denmark, Estonia, Finland, Hungary, Norway, Switzerland, Poland, Turkey, Belgium, Bulgaria, Czech Republic, Ireland, Greece, Croatia, Latvia, Lithuania, Netherlands, Portugal, Romania, Slovenia, Slovakia, Serbia, Ukraine, China, India, Japan, Australia, South Korea, Taiwan, Indonesia, Bangladesh, Kazakhstan, New Zealand, Pakistan, Philippines, Malaysia, Singapore, Thailand, Vietnam, Brazil, Mexico, Argentina, Columbia, Peru, Venezuela, Chile, Cuba, Ecuador, Uruguay, Paraguay, South Africa, Saudi Arabia, UAE, Egypt, Qatar, Kuwait, Israel, Iran, Iraq, Jordan
Segments covered: Product, Application and End-use
Companies covered (20): Stryker Corporation, Hill-Rom Holdings, Inc., Getinge AB, Invacare Corporation, Medline Industries, Inc., Linet Spol. S.R.O., Stiegelmeyer GmbH & Co. Kg, Span-America Medical Systems, Inc., Malvestio S.P.A., Merivaara Corp., Arjo, Caretek Medical, Favero Health Projects, HARD Manufacturing, Mediwaves Inc., MESPA, PARAMOUNT BED, Savion Industries, Nitrocare
Growth Drivers:
  • Increase in number of COVID-19 cases
  • Growing geriatric population prone to chronic and acute disorders
  • Rising hospital admissions across the globe
  • Increasing investment on healthcare facilities
Pitfalls & Challenges:
  • High cost of intensive care beds

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Increasing number of COVID-19 patients requiring intensive care will boost the global market growth

Rapidly growing confirmed cases of coronavirus disease are encouraging the intensive care community in the healthcare market to prepare for the challenges associated with this pandemic. Therefore, COVID-19 affected countries are constantly focusing on increasing their ICU bed capacity that will help support the market expansion. As per the recent news article, the patients that survive through the infection of coronavirus usually require an average of 15 days in intensive care units. Hence, growing COVID-19 cases will augment the market growth over the forecast period.

In addition, as the new patients suffering from COVID-19 will occupy the intensive care beds in the hospitals, the demand for new ICU beds will increase in the near future. Moreover, rising hospital admissions due to severe symptoms of coronavirus disease will boost the intensive care beds market growth in the upcoming years. For instance, according to a recently published data by the World Health Organization, around 15% to 20% of the COVID-19 infected Chinese population required hospitalization and 40% to 55% of the COVID-19 patients have been hospitalized in Italy & Spain.

Furthermore, growing geriatric population with chronic respiratory emergencies coupled with an upsurge in the investment for healthcare industry will lead to the adoption of intensive care beds globally.

Better utilization of manual beds for coronavirus affected people

Global Intensive Care Beds Market

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The manual beds segment was valued at around USD 570 million in 2019 and is expected to register significant growth rate over 2020 to 2026. The manual ICU beds are less expensive and require minimum manufacturing costs as compared to other ICU beds. As the COVID-19 affected people are continuously rising globally, the demand for manual intensive care beds will increase in the upcoming years.

Several advantages of specialized ICUs over the other ICUs will boost the product demand

The specialized ICUs segment is estimated to expand at a CAGR of more than 4% over 2020 to 2026. The specialized ICUs provide an intensive care for the patients with critical medical conditions. The segmental growth is attributed to the advantages such as better physician convenience, expertise nurses and low risk of infections.

For instance, several medical professionals in the healthcare industry are treating the coronavirus affected people in specialized ICUs to prevent the risk of in-hospital transmission. Furthermore, the specialized unit has an ability to reduce the length of stay in the intensive care unit by showing significant recovery and positive results.

Rise in hospital admissions due to COVID-19 will enhance segmental growth

The hospitals segment was valued at around USD 800 million and is projected to witness substantial growth in the coming years. Rapid growth in the number of hospital admissions and increasing ratio of ICU beds to hospital beds are some of the major factors propelling the growth of intensive care beds market. For instance, according to a recently published data by Centre for Evidence-Based Medicine, in UK, the number of people admitted to hospitals with coronavirus symptoms stood at over 100,000.

Increasing prevalence of chronic diseases in elderly population coupled with rising ICU admissions due to COVID-19

Regional Intensive Care Beds Market

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U.S. dominated the North America intensive care beds market in 2019 and was valued at over USD 480 million. Exponentially rising COVID-19 cases will trigger the need for hospital admissions, thereby generating demand for intensive care beds in the coming years. According to an annual survey of hospitals conducted by the American Hospital Association, in 2018, there were over 100,000 ICU beds in all community hospitals in the U.S. Irrespective of such large volume of ICU beds, the country is focusing on increasing their ICU capacity to fight COVID-19.

Moreover, growing ageing population and increasing prevalence of chronic diseases will further contribute to the market growth. For instance, according to a recently published data by the National Council on Aging, around 77% of older inhabitants in the U.S. are suffering from at least two chronic diseases. Thus, owing to the higher risk of chronic disorders to older adults, there will be an upsurge in the intensive care beds in the future.

Spain intensive care beds market was valued at around USD 20 million in 2019 and is estimated to show more than 160% growth from 2019 to 2020. The exponential growth is attributed to rapid increase in number of COVID positive cases across the country. The critically ill patients of COVID-19 require specialized ICU admissions to provide advanced care in order to minimize the infection. Therefore, a surge is seen in the demand for intensive care beds across the country.

For instance, according to a recent news article, the library of the Germans Trias i Pujol hospital is transformed into intensive care unit with 20 ICU beds, mechanical ventilators and other medical equipment. This expansion of healthcare facilities will help the country to treat critically unwell patients suffering from coronavirus disease. In addition, as per the recent news article, nearly all the provinces in Spain are at the peak of COVID-19 pandemic. Hence, there is an excess demand for intensive care beds in Spain as compared to other countries in the Europe.

Implementation of several strategies such as production expansions and acquisitions by the major industry players

Some of the prominent players in the intensive care beds market are Stryker, Hill-Rom Holdings, Getinge, Invacare, Medline, Malvestio, Stiegelmeyer, Merivaara and Span-America Medical Systems among others. These players are majorly focusing on various strategies such as production expansions, new product launches, acquisitions, partnerships and collaborations.

Recent industry developments:

  • In April 2020, Stryker developed a low cost, limited release emergency response bed to help healthcare providers with efficient care during the COVID-19 pandemic. The company aims to manufacture 10,000 beds per week thereby, supporting the industry growth.
  • In March 2020, Hillrom increased its production of ICU and med-surg unit smart beds by twofold. The increase in the production will help hospitals to increase their ICU capacity for the treatment of coronavirus affected people thereby, augmenting the market size.

The intensive care beds market research report includes an in-depth coverage of the industry with estimates & forecast in terms of revenue in USD and volume in Units from 2015 to 2026, for the following segments:

Intensive Care Beds Industry, By Product, 2015 – 2026 (USD Million and Units)

  • Electric Beds
  • Manual Beds
  • Other Beds

By Application, 2015 – 2026 (USD Million and Units)

  • General ICUs
  • Specialized ICUs
  • Pediatric and Neonatal ICUs

By End-use, 2015 – 2026 (USD Million and Units)

  • Hospitals
  • Ambulatory Surgical Centers
  • Others

The above information is provided for the following regions and countries:

  • North America
    • U.S.
    • Canada
  • Europe
    • Germany
    • UK
    • France
    • Spain
    • Italy
    • Russia
    • Austria
    • Sweden
    • Denmark
    • Estonia
    • Finland
    • Hungary
    • Norway
    • Switzerland
    • Poland
    • Turkey
    • Belgium
    • Bulgaria
    • Czech Republic
    • Ireland
    • Greece
    • Croatia
    • Latvia
    • Lithuania
    • Netherlands
    • Portugal
    • Romania
    • Slovenia
    • Slovakia
    • Serbia
    • Ukraine
  • Asia Pacific
    • China
    • India
    • Japan
    • Australia
    • South Korea
    • Taiwan
    • Indonesia
    • Bangladesh
    • Kazakhstan
    • New Zealand
    • Pakistan
    • Philippines
    • Malaysia
    • Singapore
    • Thailand
    • Vietnam
  • Latin America
    • Brazil
    • Mexico
    • Argentina
    • Columbia
    • Peru
    • Venezuela
    • Chile
    • Cuba
    • Ecuador
    • Uruguay
    • Paraguay
  • Middle East & Africa
    • South Africa
    • Saudi Arabia
    • UAE
    • Egypt
    • Qatar
    • Kuwait
    • Israel
    • Iran
    • Iraq
    • Jordan

Frequently Asked Questions (FAQ) :

U.S. dominated the North America market in 2019 and was valued at over USD 480 million.
The specialized ICUs segment is estimated to expand at more than 4% CAGR over 2020 to 2026, says this GMI report.
Spain industry was valued at around USD 20 million in 2019 and is estimated to show more than 160% growth from 2019 to 2020.
The manual beds segment was valued at around USD 570 million in 2019.

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