Skip to main content

Why Intensive Care Beds Market May Skyrocket: Study Revealed Which Players May Turn Game

  The emergency of the COVID-19 pandemic is expected to affect the global intensive care beds market in a positive way. During this outbreak, the development of healthcare services across the globe will support the treatment of seriously unwell patients infected by the novel coronavirus. These patients require to be admitted in specialized critical care units to minimize the infection from the virus. Also, about 5% of coronavirus cases are predicted to need ICU admission for quick recovery from the virus. These factors are anticipated to increase the demand for intensive care beds and is projected to boost the market growth in the outbreak time.

In addition, major players in the market are adopting various strategies such as new technology launches and geographical expansions to upsurge their market share in the global industry. For example, in July 2020, Stryker, a leading company in medical technology, launched new ambulatory surgery center (ACS) to provide cost effective healthcare services in the pandemic period as well as in the post emergency environment. This aspect will impel the market growth in the forecast time.

As per a new report published by Research Dive, the global intensive care beds market is estimated to register a revenue of $2,202.9 million till 2027 and is expected to grow at a notable rate of 4.2% CAGR during the projected time from 2020 to 2027. The global market classification has been done based on product, application, end use and region. This report delivers complete information about drivers, opportunities, restraints, segmentation and significant manufacturers in the global market.

Download Exclusive FREE Sample Copy of the Report https://www.researchdive.com/download-sample/361

Factors affecting the market growth

As per our analysts, growing healthcare investments and increasing hospital admissions around the world are significantly driving market growth in the projected time.

Nevertheless, high costs of intensive care beds is expected to be the major restraint for the intensive care beds market growth.

Manual beds product is expected to grow at a notable rate

By product, the global market has been divide into electrical beds, manual beds and others beds. Among these, manual beds segment is expected to witness a noteworthy growth during the review period and is expected to account for $764.4 million by 2027. Rising demand for manual beds due to its low maintenance and less expensive compared with other beds, which will drive the market growth in the forecast time.

General ICU’s application and ambulatory surgical centers segments are projected to have significant growth

By application, the global market is classified into general ICU’s, pediatric & neonatal ICU’s and specialized ICU’s. In these, the general ICU’s application segment dominated the global market size in 2019 and is expected to reach $874.6 million till 2027. Extensive utilization of intensive care beds for general ICU’s application due to support to treat high number patients. This factor will fuel the market growth during the estimated period.

By end use, the global market is classified into hospitals, ambulatory surgical centers and others. In these, ambulatory surgical centers end use segment will witness to grow at a healthy CAGR of 4.0% and is expected to register a revenue of $605.8 million in 2027. Growing number of ambulatory surgical centers due to minimize the healthcare expenditure and these centers bed capacity can be increase based on requirement, these aspects will accelerate the growth of the market in the coming years.

Intensive care beds market, regional overview

The global intensive care beds market has been examined across several regions such as North America, Europe, Asia-Pacific and LAMEA. Among these, North America produced majority of the intensive care beds market share in 2019, which was approximately 35.0% and is projected to endure its dominance over the global industry throughout the prediction period. Along with, Asia-Pacific occupied subsequent position in the global market share in the previous years and is anticipated to reach $583.8 million till 2027. In Asia-Pacific, increasing elderly population along with rising hospital admissions in the critical care units are projected to drive the growth of the market in the forecast years.

Top 10 Significant Players in the Global Intensive Care Beds Market Includes:

1. Invacare Corporation
2. Hillrom
3. LINET
4. Merivaara Corp.
5. Span America
6. Stryker
7. Medline Industries, Inc.
8. Getinge AB
9. Malvestio Spa
10. Stiegelmeyer GmbH & Co. KG

Reference: https://www.researchdive.com/press-release/intensive-care-beds-market.html

Contact Us:

Mr. Abhishek Paliwal
Research Dive
30 Wall St. 8th Floor, New York
NY 10005 (P)
+ 91 (788) 802-9103 (India)
+1 (917) 444-1262 (US) Toll
Free : +1 -888-961-4454
Email: support@researchdive.com
LinkedIn: https://www.linkedin.com/company/research-dive
Twitter: https://twitter.com/ResearchDive
Facebook: https://www.facebook.com/Research-Dive
Blog: https://www.researchdive.com/blog
Follow us on: https://covid-19-market-insights.blogspot.com

Comments

Post a Comment

Popular posts from this blog

Growth Outlook: Healthcare Gamification Market Expand their Businesses with New Investments

   Download FREE Sample The healthcare gamification market share is predicted to grow at a CAGR of 11.9% by generating a revenue of $47,281.5 Million by 2026. Gamification includes applying the techniques used in game, mechanics of game, and game style in non-gaming applications to engage the audience and make the dull task into more fun and engaging. Basically it is an application of elements in video games, which helps to solve the everyday problem and enables the user to change the behavior, develop skills and enable innovation in health care. The  goal of the gamification  is to change the behavior of the patient. The increase in the wearables and health & wellness app with gamification is the strong sign that the people are liking it. The increase in the usage of digitalization and the technology adoption are expected to drive the healthcare gamification market. Many companies are using the digital platform for the people to check their health data. For...
Post a Comment
Read more

COVID-19 Impact: What Challenges Hand Sanitizer Market May See In Next 5 Years?

   Inquire Here Before Purchase and Get FREE Sample The communal transmission of COVID-19 has created a significant impact on the hand sanitizer market growth, throughout the projected timeframe. The growth of the global hand sanitizer market is mainly driven by the rising concern about personal safety among the customers. Furthermore, the extensively growing prevalence of viral disorders globally is also creating a huge demand for hand sanitizers, in the review period. Though the businesses across the globe have strictly imposed lockdown in order to reduce the impact of the pandemic spread, the  global hand sanitizer industry  has shown exponential growth. The ventures involved with hand sanitizer production are adopting numerous strategic steps like product & technology advancements, strategic tie-ups. For example, in June 2020, Procter & Gamble (P&G), has made an announcement to launch of newly invented ‘safeguard sanitizer’. In addition, the enterpris...
Post a Comment
Read more

What are the Left Atrial Appendage Closure Devices Market Key Insights and COVID-19 Business Impact?

   Download FREE Sample Connect with Analyst The COVID-19 outbreak has significantly affected the global left atrial appendage closure devices market. As per American Heart Association, people having high blood pressure, heart valve disease and congenital heart diseases are expected to develop severe coronavirus symptoms. Also, this virus can generate heart strokes through weakening of muscles of the heart. These fators will boost the demand for left atrial appendage closure divices and surge the market growth during the pandemic. Furthermore, the leading manufactures in the global market are adopting various strategies such as product innovations and partnerships to increase their market share in the overall industry. For example, in July 2020, Boston Scientific Corporation announced that the “Watchman FLX left atrial appendage closure device” has been approved by U.S. Food and Drug Administration, which is used to minimize the threat of heart stroke in patients. The stroke r...
Post a Comment
Read more