Industry Trends

Europe Intensive Care Beds Market Growth was valued at USD 513.4 million in 2019 and is estimated to witness around 2.3% CAGR from 2020 to 2026.

Intensive care beds help critically ill patients that require complex treatment as well as high levels of medical and nursing care. These patients suffer from the health conditions or injuries such as respiratory failure, major trauma, organ transplants, severe burns, complex spinal surgery and cardiothoracic surgery. Intensive care beds are equipped with the bedside monitors to observe the medical status of every patient. These beds provide a feature for easy opening and closing of side rails.  

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High prevalence of coronavirus disease across the European countries will augment the market growth in the upcoming years. For instance, the countries such as Spain, Italy, UK, Germany and France are amongst the most affected countries due to COVID-19. For instance, according to a recently published report by the World Health Organization, in April 2020, the total number of confirmed cases of coronavirus disease in Spain and Italy was around 209,465 and 199,414 respectively. These rapidly increasing patients having severe infections will require admissions to the intensive care units. Thus, increase in number of COVID-19 cases will stimulate the growth of Europe intensive care beds market.

Increase in the number of patients suffering from acute and chronic disease will drive the intensive care beds market growth. For instance, according to a recent study conducted in Germany, in 2016, hypertension was the most common cause of chronic disease in around 66% of the older patients followed by lipid metabolism and diabetes. Such large patient pool will stimulate the need for hospital admissions thereby, fuelling the market growth across European region. Furthermore, increasing investment for healthcare sector will boost the market growth over the forecast period.

Europe Market Growth, By Product

By product the market is segment as electric beds, manual beds and others. The electric beds segment was valued at more than USD 240 million in 2019. Owing to the advantages such as operational ease, automated functions and minimal assistance, the electric beds segment will witness robust growth in the upcoming years. The electric beds are generally used to administer advanced and multiple treatments to the patients. A remote is attached to the side of these beds that help disable patients for easy handling of adjustable features. Hence, aforementioned advantages will propel the segmental growth thereby, enhancing the market demand.  

Europe Market Size, By Application

On the basis of applications, the market is bifurcated as general ICUs, specialized ICUs, and pediatric & neonatal ICUs. The intensive care beds find applications in general ICUs, specialized ICUs and pediatric and neonatal ICUs. The specialized ICUs segment will grow at a CAGR of 2.5% in the projected years. For instance, recent COVID-19 outbreak has increased the demand for specialized ICUs. As coronavirus is mainly transmitted through droplets that are generated due to coughing and sneezing of infected person, there is a high risk of COVID-19 to the people in hospitals. Hence, the specialized ICUs will occupy the coronavirus affected patients thereby, enhancing the demand for ICU beds.

Europe Market Share, By End-use

By end-use, the market is divided into hospitals, ambulatory surgical centers and others. The hospitals segment accounted for significant market share in 2019 and will progress at a CAGR of 2.1% over the analysis period. Rising hospital admission across Europe due to the current coronavirus crisis will prove beneficial for the segmental growth. Thus, this will eventually stimulate the need for new intensive care admissions thereby, spurring the market growth. In addition, factors such as growing prevalence of chronic disorders requiring ICU admissions and increasing number of government and private hospitals will bolster the growth of intensive care beds market across Europe.

Europe Intensive Care Beds Market, By Country

Spain intensive care beds market is poised to exceed USD 72 million by 2026. As the highest number of COVID-19 positive cases are in Spain, the country will focus on improving healthcare facilities thereby, increasing ICU capacity in hospitals. For instance, in April 2020, in the central capital of Spain, Madrid, 10 new ICUs came into operation at the makeshift field hospital set up in the massive Ifema convention center. Thus, such initiatives across the country to fight against coronavirus disease will propel the growth of Europe intensive care beds market.

Competitive Market Share

Few notable industry players involved in Europe intensive Care Beds Market include Stryker Corporation, LINET, Invacare Corporation, Malvestio Spa, Hill-Rom Services and others. These companies are adopting several strategies such as collaborations, mergers and acquisitions to maintain their market position. For instance, in October 2017, Hill-Rom launched a new medical-surgical bed called Centrella Smart+ bed that offers advanced technology, better patient safety and patient satisfaction. The product launch assisted Hill-Rom in acquiring new customers thereby, augmenting the revenue growth.

Europe intensive Care Beds Market Background

Intensive care units are developed for the patients with critical illnesses and serious medical conditions. Over the last five decades, there has been significant improvements in the technologies related to intensive care units. For instance, recent industrial advances have brought forward new types of intensive care beds that have adjustable side rails, advanced slanting features and remote facilities. Introduction of such novel products across Europe have assisted in the industry growth. Furthermore, the hospitals in Europe usually operate on a relatively fixed ratio of approximately 2 to 5 ICU beds for every 100 hospital beds. Recent coronavirus crisis has stimulated the hospitals to increase the ICU capacity for the treatment of critically unwell patients. Thus, advent of new technologies coupled with growing demand for intensive care beds will enhance the industry expansion.