Industry Trends

North America Intensive Care Beds Market Share was valued at USD 543.2 million in 2019 and is expected to witness around 2.5% CAGR from 2020 to 2026.

Intensive care beds help the patients with serious medical conditions by providing better care. Some of the intensive care beds are developed for specific patient groups that have the conditions such as obesity, decubitus ulcers and fractures. The components of a standard intensive care bed includes wheels, side rails, brake and intravenous pole mounts. Intensive care beds are generally made of anti-bacterial or antimicrobial properties. These ICU beds help in improving the work efficacy and risk management in the healthcare facilities.

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Exponentially rising cases of coronavirus disease across North America region will generate the demand for intensive care beds over the forecast timeframe. As critically affected patients due to COVID-19 require admissions to the hospitals, the demand for intensive care beds will increase in the near future. For instance, according to a recently published report by the World Health Organization, by the end of April 2020, in the U.S., the total confirmed cases of COVID-19 were more than a million. Thus, this pandemic infection will stimulate the need for intensive care beds across North America thereby, enhancing the market growth.

Rising elderly inhabitants prone to various medical conditions as well as chronic disorders will drive the market growth across North America region. These disorders include the illnesses such as sepsis, traumatic brain injury, shock, stroke, trauma, heart failure and lung failure. For instance, according to a recent published statistics by the Heart and Stroke Foundation of Canada, around 600,000 people are living with heart failure. Thus, such large patient pool will boost the need for intensive care beds across the country. Furthermore, rising medical emergencies due to various diseases coupled with emergence of newer technologies related to ICU beds will propel the growth of North America intensive care beds market.

North America Market Share, By Product

By product the market is segment as electric beds, manual beds and others. The electric beds segment held a market share of around 47% in 2019. These beds are easy for operations owing to their automated functions. Thus, electric beds require less assistance as compared to the manual beds. Hence, healthcare facilities across North America generally focuses on the adoption of electric beds. These beds are designed with the adjustable features that helps disabled and geriatric population for easy handling. Additionally, strong presence of the market players manufacturing electric beds will positively impact the growth of intensive care beds market across North America region.

North America 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 230 million in 2019. The patients requiring intensive care for common medical and surgical reasons usually occupy the general intensive care units. The general ICUs provide care for a wide range of diseases such as sepsis, traumatic brain injuries, shock, stroke and ruptured brain aneurysm. For instance, traumatic brain injury is the leading cause of death and disability across the U.S. population. According to a recently published data by the Centers for Disease Control and Prevention (CDC), it is estimated that over 1.5 million Americans sustain a traumatic brain injury. The large group of these patients will require ICU admissions thereby, fostering the segmental growth.

North America Market Trends, By End-use

By end-use, the market is divided into hospitals, ambulatory surgical centers and others. The hospitals segment held a market share of around 49% in 2019. Rising number of public and private healthcare facilities and rapidly increasing medical emergencies due to COVID-19 outbreak are some of the major factors augmenting the segmental growth. For instance, according to a recently published data by the Centers for Disease Control and Prevention (CDC), in 2017, more than 2.0 million emergency visits resulted in admissions to critical care units. Thus, there is a high demand for intensive care beds in the U.S. Additionally, large patient pool suffering from coronavirus disease will require admissions to intensive care units. Thus, the abovementioned factors will boost the segmental growth.

North America Market Forecast, By Country

Canada intensive care beds market was valued at more than USD 28 million in 2019 and will witness lucrative growth in the upcoming years. Growing geriatric population coupled with rising prevalence of COVID-19 across the country will enhance the segmental growth. For instance, according to a recently published report by the World Health Organization, in April 2020, in Canada, there were over 45,778 patients affected by coronavirus disease. Thus, increase in number of COVID-19 cases will trigger the need for ICU admissions thereby, augmenting the market growth. Furthermore, high prevalence of chronic diseases among the greying population will boost the growth of intensive care beds market across North America.

Competitive Market Share

Some of the major industry players involved in North America Intensive Care Beds Market include Stryker Corporation, Hill-Rom Holdings, Invacare Corporation, Getinge AB, LINET, Medline Industries, Narang Medical Limited and others. These companies are adopting numerous inorganic strategies such as collaborations, mergers and acquisitions to maintain their market position. For instance, in January 2016, Narang Medical Limited introduced a new brand of ICU beds having innovative technology. This strategic move assisted the company in acquiring new customers thereby, enhancing the revenue growth.  

North America Intensive Care Beds Market Background

Intensive care beds are designed for the patients with critical illnesses that require better care. Rising number of hospital admissions due to various infectious and chronic diseases is stimulating the hospitals to increase the ICU bed capacity thereby, spurring the market growth. In December 1953, the intensive care facility was started due to the polio epidemic in Denmark. Later in early 1960s, a four ICU beds ward was established in the U.S. This encouraged the hospitals in the other countries to adopt intensive care technology thereby, enhancing the demand for ICU beds. Additionally, focus of market players on production expansion strategies to fight coronavirus disease will boost the industry growth in the coming years.