by Market Overview:
Intensive care beds, also known as critical care beds, specialize in accommodating patients who require intensive observation and complex treatment. These beds come equipped with specialized safety features like siderails, adjustable mattresses with integrated monitor mounts, overlays for therapeutic support and mobility assistance. Growing incidence of chronic diseases and accidents have increased demand for critical care facilities. Intensive care beds allow for quick access to patients and facilitate efficient delivery of advanced treatment protocols by medical staff. Their ergonomic designs aim to minimize risks of falls, bedsores and infections while maximizing clinical outcomes.
The global Intensive Care Beds Market is estimated to be valued at US$ 3.45 Bn in 2023 and is expected to exhibit a CAGR of 7.9% over the forecast period 2023-2030, as highlighted in a new report published by CoherentMI.
Market Key Trends:
One of the major trends gaining traction in the intensive care beds market is the increasing adoption of telemetry-enabled smart beds. These beds come integrated with wireless monitoring devices that transmit real-time patient data like vital stats, positioning and bed exit alerts to nurse dashboards for remote tracking. This allows for enhanced vigilance and earlier intervention if needed. Another trend is the launch of multifunctional intensive care beds supporting negative pressure therapy, which helps manage severe wounds and prevent complications. Manufacturers are also focusing on developing beds with optimized ventilation, respiratory therapy and disposable hygienic coverings to improve treatment efficacy especially for COVID-19 patients.
Porter’s Analysis:
Threat of new entrants: The intensive care beds market requires high capital investments for R&D, manufacturing facilities, and distribution networks. Existing players have established relationships with hospitals and healthcare providers. These factors make the market less appealing for new entrants.
Bargaining power of buyers: The bargaining power of buyers is moderate. However, the need for quality intensive care beds for critically ill patients limits switching to alternatives.
Bargaining power of suppliers: A few major players dominate the supply of components such as motors, frames and mattresses. This gives them moderate bargaining power.
Threat of new substitutes: There are no cost-effective or widespread alternatives to intensive care beds currently. Specialized equipment with monitoring and safety features is required to care for critical patients.
Competitive rivalry: The market is consolidated with few global players competing. Companies differentiate based on product quality, technology, service and brand reputation.
Global Intensive Care Beds Market Segmentation:
- By Product Type
- Manual Beds
- Electric Beds
- Bariatric Beds
- Pediatric Beds
- Others (Semi-electric beds and among others)
- By Application
- General ICU Beds
- Pediatric and Neonatal Beds
- Others (Specialized ICU and among others)
- By End User
- Hospitals
- Homecare Settings
- Nursing Homes
- Others (Specialty clinics and among others)
Key Takeaways:
The global Intensive Care Beds Market Size is expected to witness high growth, exhibiting a CAGR of 7.9% over the forecast period of 2023-2030, due to increasing burden of chronic diseases and rise in ICU admissions.
Regional analysis: North America dominated the global intensive care beds market in 2022 owing to the large health expenditure and early technology adoption in the region. However, Asia Pacific is anticipated to grow at the fastest pace during the forecast period with increasing healthcare infrastructure development and spending in countries such as China and India.
Key players: Key players operating in the intensive care beds market are Stryker Corporation, Invacare Corporation, Hill-Rom Holdings, Inc., Getinge AB, Medline Industries, Inc., Stiegelmeyer GmbH & Co. Kg., Linet Spol. S.R.O., Merivaara Corp., Malvestio S.P.A, Nitrocare, DSV Panalpina A/S (Span-Amerca Medical Systems. Inc.), Amico Group of Companies, Midmark Corporation, Favero Health Projects Spa, Savion Industries, MESPA, Baxter, Narang Medical Limited., Arjo, PARAMOUNT BED CO., LTD., and Gita Mediquip PVT. LTD.
*Note:
1.Source: CoherentMI, Public sources, Desk research
2.We have leveraged AI tools to mine information and compile it
Money Singh is a seasoned content writer with over four years of experience in the market research sector. Her expertise spans various industries, including food and beverages, biotechnology, chemical and materials, defense and aerospace, consumer goods, etc.
