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Intensive care beds
The medical intensive care bed market is highly competitive. Many players have entered this market. The companies with the largest market share include Stryker Corporation, Hill-Rom Holdings, Getinge AB, LINET, Medline Industries, and Narang Medical Limited. The report covers the competitive landscape, including recent product launches, technological innovations, and price trends. The market for these beds is expected to grow at a rapid pace over the next several years.
Global Intensive care beds market is expected to reach $3 billion by 2027. The report provides detailed information on the market size, as well as the market status in the top 10 regions and 50 countries. It also covers sales, production, import & export, and regional outlook by region. It also identifies key players and their products, providing an in-depth analysis of the industry. It focuses on the key factors driving growth in the market.
Increasing age and the prevalence of chronic diseases are major factors fueling growth in the market. According to the National Council on Aging, 77% of older residents in the U.S. are living with a chronic disease. Increasing awareness of these conditions is also driving the market for intensive care beds in the U.S., Europe, and Japan. This means that hospitals will continue to need more intensive care beds for their patients.
COVID-19 virus infection is a major factor driving demand for intensive care beds. Acute infections, such as pneumonia, usually require fifteen to twenty days in the intensive care unit. Growing cases of the disease will encourage the intensive care community to increase the capacity of their ICUs. Further, growing numbers of patients suffering from chronic illnesses will also stimulate the market growth. Aside from COVID-19, other factors driving the market growth are the growing number of chronic diseases in the U.S. and Canada.
The United States intensive care beds market was worth USD 1.6 billion in 2019 and is forecasted to witness a significant growth over the next few years. The high prevalence of chronic diseases, especially diabetes, will also drive the market for these beds. The company is also a leading provider of medical technology. The newest and most advanced intensive-care bed models are designed to provide maximum comfort to patients and enhance caregiver workflows. The company is one of the leading medical equipment manufacturers in the world.
In the coming years, the market will continue to grow. As the elderly population continues to age, there will be a strong need for more medical beds to accommodate the increasing number of patients. A growing number of patients will require more beds, and the demand for these beds will continue to rise. In addition to this, a growing number of diseases will increase the demand for these products. This means that hospitals will need more intensive care beds to treat them.