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Intensive care beds market to gain traction by 2026

Author : Ronak Bora | Published Date : 2020-09-03 

Intensive Care Beds Market report offers in-depth analysis of the industry size, share, major segments, and different geographic regions, forecast for the next five years, key market players, and premium industry trends. It also focuses on the key drivers, restraints, opportunities and industry challenges.

Intensive care beds market is impacted by growing geriatric population base along with increasing prevalence of chronic and infectious diseases. Exponential rise in the number of people infected by the coronavirus across the globe will drive the industry forecast to a substantial extent. With the COVID-19 pandemic demand for intensive care hospital beds has significantly increased.

The manual intensive care bed segment is expected to showcase notable adoption over the next few years due to moderate product costs. Low costs of manual beds is the key contributor toward consistent product adoption in hospitals worldwide.

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The hospitals generally operate on a fixed ratio of two to five ICU beds for every 100 hospital beds. As large number of people are affected patients by coronavirus, the ratio of ICU beds to hospital beds will significantly increase in the coming years. Estimates suggests that intensive care beds market size will exceed USD 4 billion in terms of annual revenues by 2026.

As per WHO estimates, around 15 million babies are born preterm every year. Rising preterm births and growing number of neonates with medical conditions is resulting in increased infant hospitalization. In 2018, paediatric and neonatal ICUs segment was accounted for USD 160 million of the revenues for intensive care beds industry. The paediatric and neonatal intensive care units are most preferable as they are equipped with various infant care equipment including phototherapy, nasal cannula, monitors & ventilators and infant warmers.

The highly contagious coronavirus disease has increased the proportion of patients admitted to the ICUs, requiring oxygen treatment. This in turn has fuelled the demand for intensive care hospital beds. As per a recently published data by the American Medical Association (2020), in Lombardy, Italy, the total number of coronavirus affected patients occupying an intensive care bed accounted for around 16% of all the hospitalized patients with COVID-19. Rising number of critically ill patients will further fuel the demand for these beds.

The coronavirus outbreak in the U.K. has reached the point of widespread and sustained transmission. With rapidly increasing affected people, the need of critical care beds to treat them and limit avoidable mortality is also increasing.

Germany is expected to emerge as a key regional ground in intensive care beds market share due to the presence of hundreds of both public and private hospitals in the region. Additionally, high cases of coronavirus reported in the country have also magnified the demand for the products. According to a study conducted by the German Hospital Federation, the total number of ICU beds in Germany has increased by 12,000 to 40,000. As cases of coronavirus across Germany continue to rise, the need for the product has increased.

Browse full table of contents (TOC) of this report @ https://www.gminsights.com/toc/detail/intensive-care-beds-market

Partial Chapter of the Table of Content 

Chapter 4.  Intensive Care Beds Market, By Product

4.1. Key segment trends

4.2. Electric Beds

4.2.1.  Market size, by region, 2015 – 2026 (USD Million)

4.2.2.  Market size, by region, 2015 – 2026 (Units)

4.3. Manual Beds

4.3.1.  Market size, by region, 2015 – 2026 (USD Million)

4.3.2.  Market size, by region, 2015 – 2026 (Units)

4.4. Other Beds

4.4.1.  Market size, by region, 2015 – 2026 (USD Million)

4.4.2.  Market size, by region, 2015 – 2026 (Units)

Chapter 5.  Intensive Care Beds Market, By Application

5.1. Key segment trends

5.2. General ICUs

5.2.1.  Market size, by region, 2015 – 2026 (USD Million)

5.2.2.  Market size, by region, 2015 – 2026 (Units)

5.3. Specialized ICUs

5.3.1.  Market size, by region, 2015 – 2026 (USD Million)

5.3.2.  Market size, by region, 2015 – 2026 (Units)

5.4. Pediatric and Neonatal ICUs

5.4.1.  Market size, by region, 2015 – 2026 (USD Million)

5.4.2.  Market size, by region, 2015 – 2026 (Units)

About Author

Ronak Bora

Ronak Bora

A graduate in Electronics Engineering, Ronak writes for fractovia and carries a rich experience in digital marketing, exploring how the online world works from a technical and marketing perspective. His other areas of interest include reading, music, and sport. [email protected] | https://twitter.com/RonakBora26

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