According to the research report titled ‘North America Intensive Care Beds Market Size By Application, Product, End-use Industry Analysis Report, Regional Outlook, Application Potential, Competitive Market Share & Forecast, 2020 - 2026‘, available with Market Study Report, North America intensive care beds market is anticipated to amass USD 1 billion by the year 2026.
 

Increasing prevalence of COVID-19 has led to rise in number of hospital admissions for critical care, hence driving the growth of North America intensive care beds market.
 

Moreover, increasing geriatric population along with surging incidences of chronic diseases are further contributing to the market growth. Rising number of chronic care patients and growing investments in healthcare infrastructural development are likely to fuel the market expansion during the forecast period.
 

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Also, new patients suffering from COVID-19 will fill up the ICU beds in hospitals creating demand for more intensive care beds in North America. However, strict standardization of medical products will hamper North America intensive care beds market growth to some extent.
 

Based on product terrain, electric bed segment contributed majority industry share in 2019 and is likely to witness 3.3% CAGR over the analysis period, owing to growing acceptance of these beds in hospitals due to several advantages like better assistance in shifting patients and improved blood circulation. Electric beds can be adjusted using remote control for the patient to rest in the best position.
 

Elaborating on application scope, specialized intensive care unit segment of North America intensive care beds market was remunerated at USD 250 million in 2019, pertaining to large number of people suffering from chronic respiratory diseases that require intensive care. Furthermore, low risk of infections, experienced physician convenience, and expert nurses are some other factors influencing the segment growth.
 

As per end-use spectrum, hospital segment contributed major revenue share of USD 268 million in 2019 and is poised to grow further, attributable to rise in the number of hospital admissions due to surging COVID-19 patients.
 

Regionally, the U.S. intensive care beds market is estimated to grow at 2.4% CAGR through 2026. Rising COVID-19 cases are increasing the number of hospital admissions. Also, amidst the pandemic, the healthcare providers are focusing on growing the ICU capacity to better treat the patients, propelling the market growth in the United States.
 

Key players operating in North America intensive care beds market are Arjo, Narang Medical Limited, Medline Industries Inc., Getinge AB, LINET Group SE, HARD Manufacturing, Malvestio Spa, Invacare Corporation, Hill-Rom Holdings Inc., Span-America Medical Systems Inc., and Stryker Corporation.