ICU Beds Market By Type (Electric Beds, Semi-Electric Beds, and Manual Beds), By Application (Neonatal Intensive Care Unit, Paediatric Intensive Care Unit, Psychiatric Intensive Care Unit, Cardiac Intensive Care Unit, Neurological Intensive Care Unit, Trauma Intensive Care Unit, Post-Operative Recovery Unit, High Dependency Unit, Surgical Intensive Care Unit, and Mobile Intensive Care Unit), Industry Trends, Estimation & Forecast, 2023-2030

Market Overview

ICU beds are advanced bed systems intended to be utilized for critical care. These beds are equipped with the advanced features such as continuous lateral rotation therapy, postural sitting position, weight-based pressure distribution, climate management technology in mattresses, exit sensor with alarm systems, data management on the patient, therapy reminders, and safety and emergency alarm system.

ICU Beds market is estimated to reach $2.3 million by 2030; growing at a CAGR of 5.1% till 2030.

Market Dynamics

Rising incidence of chronic and infectious diseases is one of the key factor boosting the global ICU Beds market. According to the World Health Organization, chronic disorder is expected to rise by 57%. According to the National Health Council, chronic diseases affect approximately 133 million Americans, representing more than 40% of the total population in 2018, and it is to grow to by 157 million, with 81 million having multiple conditions. The rising incidence of Coronavirus has increased the demand for ICU beds in the current situation. Coronavirus COVID-19 has affected more than 195 countries and territories around the world. According to the World Health Organization (WHO), there are more than 380,000 confirmed cases of coronavirus disease around the world, with more than 16,000 deaths. As there is a shortage of ICU beds in the hospital due to COVID-19, the healthcare service providers are extending their capacity for more ICU beds. The New Jersey Department of Health has announced that all hospitals in the state to double their critical care beds to meet a goal of 4,000 beds.However, the high cost of hospital beds might hamper market growth. ICU beds costs vary based on the type of ICU beds including Electric Beds cost up to USD 15,500 to USD 1,16,160 per bed, Semi-Electric Beds cost up to USD 22,000 to USD 40,000 per bed and standard Beds or manual beds cost up to USD 5,962 to USD 48,780 per bed, which has higher price than other hospital beds, with an average cost of about USD 1,500. Moreover, Technological development for ICU Beds would provide lucrative opportunities for the market in the coming years.

Market Segmentation

The global ICU Beds market is mainly classified based on Type, Application. Type is further segmented into Electric Beds, Semi-Electric Beds, Manual Beds. By Application the market is divided into Neonatal Intensive Care Unit, Paediatric Intensive Care Unit, Psychiatric Intensive Care Unit, Cardiac Intensive Care Unit, Neurological Intensive Care Unit, Trauma Intensive Care Unit, Post-Operative Recovery Unit, High Dependency Unit, Surgical Intensive Care Unit, and Mobile Intensive Care Unit.

ICU electric bed allows to electrical adjustment of the height of bed frame, height of the header, and height of the footer. It helps in various medical complaints and increases comfort. The rising demand for ICU beds, commercialization of new ICU bed and technological advancement of ICU Electric beds are some of the factors boosting the global hospital bed market. For instance, The American government has announced due to COVID-19 the hospitals have to convert a full 30% of available beds to COVID-19 patients within March. Currently, the United States has less than 100,000 ICU beds. Moreover, the companies are introducing advanced electric ICU bed for patients. For instance, Hill-Rom has integrated EarlySense’s contact-free heart rate and respiratory rate sensing and analytics technology into Hill-Rom’s Centrella Smart + bed platform. It reduces overall ICU length-of-stay days by 45%. This technology offers a complete patient safety platform to assist clinicians by providing the highest level of care.

Regional Analysis

Based on geography, the global ICU Beds market is divided into North America, Europe, Asia-Pacific, South America, and Middle East & Africa. North America is further divided in the U.S., Canada, and Mexico, whereas Europe consists of the UK, Germany, France, Italy, and Rest of Europe. Asia-Pacific is segmented into India, China, Japan, South Korea, and Rest of Asia-Pacific. The South America region includes Brazil, Argentina, and the Rest of South America, while the Middle East & Africa is categorized into GCC Countries, Egypt, South Africa, and Rest of Middle East & Africa.

North America is expected to dominate the global ICU beds market in 2023. The increasing demand for ICU bed in due to the outbreak of COVID-19 is boosting the North America ICU Beds market. For instance, the Arizona Department of Health Services has increased the number of available hospital beds in the state by 50% due to COVID-19 illness. Arizona Department of Health Services will double the ICU beds from the current 1,500 to 3,000. Moreover, Hillrom has announced to double the production of ICU beds in the manufacturing facility in the U.S.A and Mexico. The company will produce ICU and med-surg unit smart beds, including the company’s Progressa ICU bed, Centrella Smart+ bed, and, for international markets, the Hillrom 900 and Hillrom 900 Accella.

Competitive landscape

Key players operating in the ICU Beds industry include Hill-Rom Holdings, Inc., Stryker Corporation, Linet Spol. S.R.O., Invacare Corporation, Malvestio S P A, Paramount Beds Holdings Co., Ltd., ArjoHuntleigh AB, Medimek, Narang Medical Ltd., GPC Medical Limited.

The commercialization of new ICU bed, the partnership between companies to develop new and advanced ICU beds and expand their business at the global scale, technological advancement of ICU beds and expanding the geographical presence by the companies are some of the strategies adopted by the companies. For instance, on February 14, 2018, Paramount Beds, a Japanese manufacturer of hospital beds, has introduced its factory in Gurugram, Haryana to cater in the Indian market and other surrounding countries. The company is planning to expand the production of hospital beds to reduce the shortage of hospital beds.

ICU Beds Market Key Segments

By Type
• Electric Beds
• Semi-Electric Beds
• Manual Beds

By Application
• Neonatal Intensive Care Unit
• Paediatric Intensive Care Unit
• Psychiatric Intensive Care Unit
• Cardiac Intensive Care Unit
• Neurological Intensive Care Unit
• Trauma Intensive Care Unit
• Post-Operative Recovery Unit
• High Dependency Unit
• Surgical Intensive Care Unit
• Mobile Intensive Care Unit

Key Global ICU Beds Industry Players
• Hill-Rom Holdings, Inc.
• Stryker Corporation
• Linet Spol. S.R.O.
• Invacare Corporation
• Malvestio S P A
• Paramount Beds Holdings Co., Ltd.
• ArjoHuntleigh AB
• Medimek
• Narang Medical Ltd.
• GPC Medical Limited

Table of Content

1. Market Introduction
1.1. Executive Summary
1.2. Market Definition
1.3. Market Scope

2. Research Methodology
2.1. Primary Research
2.2. Research Methodology
2.3. Assumptions & Exclusions
2.4. Secondary data sources

3. ICU Beds Market Overview
3.1. Report Segmentation & Scope
3.2. Key Market Trend
3.3. Drivers
3.3.1. Rising Prevalence of chronic and infectious diseases
3.3.2. Rising demand for ICU Beds
3.4. Restraints
3.4.1. The high cost of hospital beds
3.5. Opportunity
3.5.1. Technological development for ICU Beds
3.6. Porter’s Five Forces Analysis
3.6.1. Porter’s Five Forces Analysis
3.7. Market Share Analysis

4. Type Overview
4.1. Introduction
4.1.1. Market Size & Forecast
4.2. Electric Beds
4.2.1. Market Size & Forecast
4.3. Semi-Electric Beds
4.3.1. Market Size & Forecast
4.4. Manual Beds
4.4.1. Market Size & Forecast

5. Application Overview
5.1. Introduction
5.1.1. Market Size & Forecast
5.2. Neonatal Intensive Care Unit
5.2.1. Market Size & Forecast
5.3. Paediatric Intensive Care Unit
5.3.1. Market Size & Forecast
5.4. Psychiatric Intensive Care Unit
5.4.1. Market Size & Forecast
5.5. Cardiac Intensive Care Unit
5.5.1. Market Size & Forecast
5.6. Neurological Intensive Care Unit
5.6.1. Market Size & Forecast
5.7. Trauma Intensive Care Unit
5.7.1. Market Size & Forecast
5.8. Post-Operative Recovery Unit
5.8.1. Market Size & Forecast
5.9. High Dependency Unit
5.9.1. Market Size & Forecast
5.10. Surgical Intensive Care Unit
5.10.1. Market Size & Forecast
5.11. Mobile Intensive Care Unit
5.11.1. Market Size & Forecast

6. ICU Beds Market Regional Overview
6.1. Introduction
6.1.1. Market Size & Forecast
6.2. North America ICU Beds Market
6.2.1. North America Market Size & Forecast, By Country
6.2.2. North America Market Size & Forecast, By Type
6.2.3. North America Market Size & Forecast, By Application
6.2.4. The U.S.
6.2.4.1. Market Size and Forecast
6.2.5. Canada
6.2.5.1. Market Size and Forecast
6.2.6. Mexico
6.2.6.1. Market Size and Forecast
6.3. Europe ICU Beds Market
6.3.1. Europe Market Size & Forecast, By Country
6.3.2. Europe Market Size & Forecast, By Type
6.3.3. Europe Market Size & Forecast, By Application
6.3.4. Germany
6.3.4.1. Market Size and Forecast
6.3.5. France
6.3.5.1. Market Size and Forecast
6.3.6. UK
6.3.6.1. Market Size and Forecast
6.3.7. Italy
6.3.7.1. Market Size and Forecast
6.3.8. Spain
6.3.8.1. Market Size and Forecast
6.3.9. Rest of Europe
6.3.9.1. Market Size and Forecast
6.4. Asia-Pacific ICU Beds Market
6.4.1. Asia-Pacific Market Size & Forecast, By Country
6.4.2. Asia-Pacific Market Size & Forecast, By Type
6.4.3. Asia-Pacific Market Size & Forecast, By Application
6.4.4. Japan
6.4.4.1. Market Size and Forecast
6.4.5. China
6.4.5.1. Market Size and Forecast
6.4.6. Australia
6.4.6.1. Market Size and Forecast
6.4.7. India
6.4.7.1. Market Size and Forecast
6.4.8. South Korea
6.4.8.1. Market Size and Forecast
6.4.9. Rest of Asia-Pacific
6.4.9.1. Market Size and Forecast
6.5. South America ICU Beds Market
6.5.1. South America Market Size & Forecast, By Country
6.5.2. South America Market Size & Forecast, By Type
6.5.3. South America Market Size & Forecast, By Application
6.5.4. Brazil
6.5.4.1. Market Size and Forecast
6.5.5. Argentina
6.5.5.1. Market Size and Forecast
6.5.6. Rest of South America
6.5.6.1. Market Size and Forecast
6.6. Middle East & Africa ICU Beds Market
6.6.1. Middle East & Africa Market Size & Forecast, By Country
6.6.2. Middle East & Africa Market Size & Forecast, By Type
6.6.3. Middle East & Africa Market Size & Forecast, By Application
6.6.4. GCC Countries
6.6.4.1. Market Size and Forecast
6.6.5. Egypt
6.6.5.1. Market Size and Forecast
6.6.6. South Africa
6.6.6.1. Market Size and Forecast
6.6.7. Rest of Middle East & Africa
6.6.7.1. Market Size and Forecast

7. Company Profile
7.1. Hill-Rom Holdings, Inc.
7.1.1. Company Basic Information, Manufacturing Base, Sales Area and Its Competitors
7.1.2. Hill-Rom Holdings, Inc. Product Category, Application, and Specification
7.1.3. Hill-Rom Holdings, Inc. Financial Performance (2016-2018)
7.1.4. Main Business/Business Overview
7.2. Stryker Corporation
7.3. Linet Spol. S.R.O.
7.4. Invacare Corporation
7.5. Malvestio S P A
7.6. Paramount Beds Holdings Co., Ltd.
7.7. ArjoHuntleigh AB
7.8. Medimek
7.9. Narang Medical Ltd.
7.10. GPC Medical Limited