Global ICU Beds Market- INTRODUCTION
A hospital bed is a specialized comforter used in clinics, hospitals and other healthcare centres to provide support and comfort to the patients during their days in the hospitals. .
It is a crucial component of the healthcare infrastructure and is commonly used during diagnosis of a disease, examination, treatment and transportation of the patient. Manual and electric hospital beds are the most commonly used variants.
Manual beds need to be moved and adjusted using hand cranks, but the electric beds can be moved by using buttons that are connected to an electrical outlet. Also Semi-electric hospital beds, on the other hand, have the capability to raise or lower the head and foot position automatically,
However, the beds require manual support to adjust the height of the bed. To the side, the hospital beds are majorly used include paediatric, pressure relief, bariatric, respiratory and birthing hospital beds.
Global ICU Beds Market- Overview:
ICU beds are designed to support and enhance work efficacy, provide comfort, offer safety & ease of use, and enhance effective risk management in hospitals.
They are equipped with accessories such as section mattress base, X-ray cassette holder, and stepless pneumatic adjustment for Trendelenburg & Anti-Trendelenburg that are created to assist and support the healthcare staff for their effective workflow.
Rise in the number of surgical procedures, rise in geriatric population, and growth in incidences of chronic diseases, such as diabetes, blood pressure, asthma and other diseases that primarily boost the ICU beds market.
The increase in the technological advancements in ICU beds and surge in investments in healthcare infrastructure by governments and private sectors are expected to help the market growth.
Moreover, rise in number of well-equipped and advanced infrastructure in hospitals, surge in number of surgical procedures, increase in adoption of electric beds in hospitals and ambulatory surgery centres, favourable reimbursement policies in developed countries, and increase in number of product launches are other factors that drive the growth of the market.
However, low demand in underdeveloped countries is expected to hamper the market growth during the forecast period. Conversely, high market growth potential in emerging markets is expected to offer lucrative opportunities during the forecast period.
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Impact of COVID-19 on the Global ICU Bed Market:
The COVID-19 pandemic is an unprecedented global public health challenge and is anticipated to have a positive impact on the ICU Bed market. Rapid rise in confirmed cases of COVID-19 is boosting the intensive care community in the healthcare industry to get ready for challenges related with this pandemic.
Patients with severe COVID-19 need nearly 14 days of respiratory support in the ICU. Therefore, rise in COVID-19 cases will supplement the ICU beds market growth during the forecast period.
Global ICU Bed Market- Forecast Period:
The global ICU beds market was valued at $1,487 million in 2020, and is projected to reach $2,419 million by 2030, registering a CAGR of 4.9% from 2021 to 2030.
Factors such as increasing investments in healthcare infrastructural development, technological innovations in ICU beds.
The increasing number of beds in private hospitals, and increasing volume of chronic care patients are expected to drive the growth of the medical beds market in the coming years.
On the other hand, the declining number of beds in public hospitals may limit market growth to a certain extent. The growing trend of home care is expected to provide a wide range of opportunities to players in the market.
Market Segmentation of Global ICU Beds:
Major Players in the Global ICU Beds Markets:
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