Industry Trends

Asia Pacific Intensive Care Beds Market Share was valued at around USD 391.2 million in 2019 and is estimated to show around 7.5% CAGR from 2020 to 2026.

Intensive care units consist of specialized nurses, intensive care beds, sophisticated equipment and physicians with intensive care training. Intensive care beds are designed to support infection control thereby, providing comfort, safety and ease of operations. Intensive care beds play a vital role in effective risk management in hospitals. These beds are easy to operate owing to its automated functions.

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Growing incidences of chronic diseases such as diabetes, asthma, hypertension and other diseases among the geriatric population will impel the market growth across Asia Pacific region. As the patients with such critical illnesses require better care and continuous surveillance, there is an upsurge in the number of intensive care admissions. For instance, according to a recently published statistics by the International Diabetes Federation, in 2017, in India, there were over 77 million cases of diabetes. Additionally, the prevalence of diabetes in adults is around 8.9% across Indian population. Thus, increase in chronic disease prevalence will stimulate the hospital admissions thereby, enhancing the market growth. Additionally, high investment in healthcare industry will propel the market growth over the analysis timeframe.

Rising cases of coronavirus disease across Asia Pacific region will boost the intensive care beds market growth. As some of the patients with severe infections of COVID-19 require the mechanical ventilators as well as intensive care, the demand for ICU beds will upsurge during the forecast period. For instance, according to a recently published data by the World Health Organization, in April 2020, over 14,423 people in Singapore were affected due to COVID-19. Thus, the country will need more intensive care beds to provide better care to the coronavirus affected people. Moreover, a surge is seen in the hospital admissions due to COVID-19 pandemic. Hence, aforementioned factors will contribute to the Asia Pacific intensive care beds market growth.

Asia Pacific Market Share, By Product

By product the market is segment as electric beds, manual beds and others. The manual beds segment held a market share of around 36% in 2019. The manual beds are cost-efficient and require minimum production expenses. Thus, healthcare facilities across Asia Pacific region focuses on the adoption of manual beds. Additionally, owing to the current coronavirus crisis, the demand for manual beds will upsurge in the near future. For instance, several countries across the Asia Pacific region are facing shortages of ICU beds. Thus, this will stimulate the need for manual ICU beds to occupy the coronavirus affected people thereby, enhancing the market growth.

Asia Pacific Market Size, By Application

On the basis of applications, the market is bifurcated as general ICUs, specialized ICUs, and pediatric & neonatal ICUs. The general ICUs segment was valued at more than USD 165 million in 2019. The patients that require critical care for common surgical and medical reasons are usually admitted to the general intensive care units. The common illnesses that may require general ICU admissions include sepsis, traumatic brain injury, stroke, shock etc. For instance, according to the recent statistics, in 2016, there were more than 2 million deaths in China due to stroke. Hence, rising number of patients affected by stroke will lead to an upsurge in the hospital admissions thereby, augmenting the segmental growth.

Asia Pacific Market Growth, By End-use

By end-use, the market is divided into hospitals, ambulatory surgical centers and others. The ambulatory surgical centers segment is projected to expand at a CAGR of around 8.3% over the forecast timeframe. Increasing number of surgical operations across Asia Pacific region will prove beneficial for the market growth. For instance, the low complexity surgical procedures such as placement of percutaneous tracheostomy, percutaneous endoscopic gastrostomy (PEG) and inferior vena cava filters (IVCFs) can be performed in the intensive care units. Additionally, as tracheostomy in critically ill patients requires prolonged stay on ventilator, the ICU admissions will rapidly increase thereby, fuelling the market growth.

Asia Pacific Market Trends, By Country

Japan intensive care beds market was valued at around USD 22 million in 2019 and will grow at a significant CAGR over the forecast period. The country growth is attributed to the rising geriatric population and growing number of coronavirus affected patients. For instance, Japan possess the largest percentage of older population. According to a recent news article, the elderly people in Japan account for around 28% of the total population. As elderly people are more prone to diseases, the hospital admissions across the country will increase in the coming years. Furthermore, according to a recently published data by the World Health Organization, the coronavirus affected patients in Japan was around 13,852. Thus, rising incidences of COVID-19 will lead to hospitalizations thereby, spurring the market growth.

Competitive Market Share

Some of the major industry players involved in Asia Pacific intensive Care Beds Market include Stryker Corporation, Hill-Rom Services, Invacare Corporation, Medline Industries, Malvestio and Arjo among others. The companies are adopting various strategies such as collaborations, new product development and partnerships, thereby augmenting their portfolio and expansion of customer base. For instance, in May 2018, Arjo announced the IndiGo technology that helps in reducing ergonomic risk and improve the ease of transporting patients on medical beds within hospital. This innovation expanded the market share of the company thereby, enhancing the industry growth.

Industry Background

Intensive care beds helps critically ill patient groups by providing comfort and ease of operations. These beds are available in general, specialized and pediatric intensive care units. The paediatric intensive care in Japan started with the history of modern Japanese anaesthesia that was brought by an American missionary medical group in 1950. In China, the development of intensive care began in the 1980s when the first intensive care units with a single bed was opened at Peking Union Medical College Hospital. Furthermore, in India, the attempt to separate the seriously ill patients in specialized areas began in 1968 with the development of coronary care units. Such improvements related to intensive care has increased the demand for ICU beds in the hospitals over the past few decades.