September 04, 2020
According to the research report titled ‘Intensive Care Beds Market Size By Product, By Application, By End-use, Industry Analysis Report, Regional Outlook, Growth Potential, Price Trends, Competitive Market Share & Forecast, 2020 – 2026’, available with Market Study Report LLC, global intensive care beds market is expected to record significant growth during 2020-2026.
Increasing efforts towards flattening the curve of the aggressively spreading Coronavirus is the key growth stimulant of intensive care beds market.
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With the emergence of the COVID-19 pandemic, growing awareness towards development of critical-care infrastructure, rising demand for ICU beds, and escalating manufacturing of intensive care equipment are stimulating the overall market outlook.
Furthermore, ingress of non-industry participants into the business sphere is fueling the market expansion.
Based on the product terrain of intensive care beds market, the electric beds segment was worth USD 760 million in the year 2019 and is projected to register substantial growth throughout the analysis timeframe.
With regards to the application spectrum, the general ICUs segment accounted for around USD 700 million in the year 2019 and is estimated to record a CAGR of 3.5% over 2020-2026.
Speaking of the end-user landscape, the ambulatory surgical centers segment was worth around USD 500 million in 2019 and is anticipated to grow significantly over the forecast period.
As per the regional analysis of the report, Latin America intensive care beds industry reflected a value of USD 152 million in the year 2019 and is estimated to exhibit a robust CAGR of 8.5% from 2020 to 2026.
Alternatively, Middle East & Africa intensive care beds market accounted for around USD 108 million in 2019 and is projected to grow with a CAGR of 6% through 2026.
The companies that define the competitive landscape of intensive care beds market are Ankitech, Nitrocare Ltd., Savion Industries Ltd., Paramount Bed India Pvt. Ltd., MedSpa, Mediwaves Inc., Hard Manufacturing Co., Inc., Favero Health Projects SpA, Caretek Medical Ltd., Arjo, Merivaara Corp., Malvestio S.P.A., Span-America Medical Systems, Inc., Linet Spol. S.R.O., Medline Industries, Inc., Stiegelmeyer GmbH & Co. Kg, Getinge AB, Invacare Corporation, Hill-Rom Holdings, Inc., and Stryker Corporation among others.