ICU Beds Global Market To Reach Value Of $2.5 Billion By 2025

The Intensive Care Unit (ICU) Beds market consists of sales of special hospital beds designed for ICUs to take care of critical patients. The market consists of revenues generated by establishments that are primarily engaged in the manufacturing of electrical, semi-electrical, and mechanical ICU Beds that provide both safety and comfort to patients and also caregivers. Intensive care represents the highest level of continuing patient care and treatment. An intensive care unit (ICU) is a designated area offering facilities for the prevention, diagnosis and treatment of critical illnesses such as multiple organ failures.

Global ICU Beds Market Size And Drivers:

The global ICU beds market is expected to decline from $3.38 billion in 2020 to $2.44 billion in 2021 at a compound annual growth rate (CAGR) of -27.8%. The change in growth trend is mainly due to the companies stabilizing their output after catering to the demand that grew exponentially during the COVID-19 pandemic in 2020. The Intensive Care Unit beds market is expected to reach $2.52 billion in 2025 at a CAGR of.8%. The market for ICU beds is experiencing exponential growth. Increasing COVID-19 cases across the globe pressurizing governments of emerging and developed countries to increase their intensive care capacities.

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Trends In The Global ICU Beds Market

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 put financial strain on both health care systems, and also on patients who pay completely or partially out-of-pockets for these services. Therefore, high prices of ICU beds are challenging the growth of this market.

Global ICU Beds Market Segments:
The global ICU beds market is further segmented –
By Type: Electric Beds, Semi-Electric Beds, Manual Beds
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
By End Use: General And Acute Care Hospitals, Specialized Hospitals, Multi-Specialty Hospitals, Ambulatory Surgery Centres (ASC), Others
By Geography: The global ICU bed market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa.

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ICU Beds Global Market Report 2021 is one of a series of new reports from The Business Research Company that provides ICU beds market overviews, analyzes and forecasts market size and growth for the global ICU beds market, ICU beds market share, ICU beds market players, ICU beds market segments and geographies, ICU beds market’s leading competitors’ revenues, profiles and market shares. The ICU beds market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.